LegalizeReform history
Income and Corporation Taxes Act 1988
100 versions
· 1988-02-09
2022-07-14
Income and Corporation Taxes Act 1988
2019-07-05
Income and Corporation Taxes Act 1988
2019-02-12
Income and Corporation Taxes Act 1988
2017-11-16
Income and Corporation Taxes Act 1988
2017-04-27
Income and Corporation Taxes Act 1988
2017-04-06
Income and Corporation Taxes Act 1988
2016-12-14
Income and Corporation Taxes Act 1988
2016-09-15
Income and Corporation Taxes Act 1988
2016-08-12
Income and Corporation Taxes Act 1988
2016-06-16
Income and Corporation Taxes Act 1988
2015-03-26
Income and Corporation Taxes Act 1988
2015-02-12
Income and Corporation Taxes Act 1988
2014-08-01
Income and Corporation Taxes Act 1988
2014-07-17
Income and Corporation Taxes Act 1988
2014-01-01
Income and Corporation Taxes Act 1988
2013-07-17
Income and Corporation Taxes Act 1988
2013-04-06
Income and Corporation Taxes Act 1988
2012-07-17
Income and Corporation Taxes Act 1988
2012-04-01
Income and Corporation Taxes Act 1988
2012-03-14
Income and Corporation Taxes Act 1988
2011-08-11
Income and Corporation Taxes Act 1988
2011-07-19
Income and Corporation Taxes Act 1988
2011-06-16
Income and Corporation Taxes Act 1988
2011-02-25
Income and Corporation Taxes Act 1988
2010-12-16
Income and Corporation Taxes Act 1988
2010-10-01
Income and Corporation Taxes Act 1988
2010-07-27
Income and Corporation Taxes Act 1988
2010-04-08
Income and Corporation Taxes Act 1988
2010-04-01
Income and Corporation Taxes Act 1988
2009-12-01
Income and Corporation Taxes Act 1988
2009-11-11
Income and Corporation Taxes Act 1988
2009-10-01
Income and Corporation Taxes Act 1988
2009-09-01
Income and Corporation Taxes Act 1988
2009-08-13
Income and Corporation Taxes Act 1988
2009-07-21
Income and Corporation Taxes Act 1988
2009-06-01
Income and Corporation Taxes Act 1988
2009-04-23
Income and Corporation Taxes Act 1988
2009-04-22
Income and Corporation Taxes Act 1988
2009-04-06
Income and Corporation Taxes Act 1988
2009-04-01
Income and Corporation Taxes Act 1988
2009-02-21
Income and Corporation Taxes Act 1988
2009-02-03
Income and Corporation Taxes Act 1988
2009-01-01
Income and Corporation Taxes Act 1988
2008-12-27
Income and Corporation Taxes Act 1988
2008-12-01
Income and Corporation Taxes Act 1988
2008-10-29
Income and Corporation Taxes Act 1988
2008-10-28
Income and Corporation Taxes Act 1988
2008-09-08
Income and Corporation Taxes Act 1988
2008-08-12
Income and Corporation Taxes Act 1988
2008-07-22
Income and Corporation Taxes Act 1988
2008-07-21
Income and Corporation Taxes Act 1988
2008-07-08
Income and Corporation Taxes Act 1988
2008-07-01
Income and Corporation Taxes Act 1988
2008-04-06
Income and Corporation Taxes Act 1988
2008-04-01
Income and Corporation Taxes Act 1988
2008-02-19
Income and Corporation Taxes Act 1988
2008-01-03
Income and Corporation Taxes Act 1988
2008-01-01
Income and Corporation Taxes Act 1988
Changes on 2008-01-01
@@ -78,7 +78,7 @@
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Life policies: computation of gain.
#### Life policies: chargeable events.
##### 8
@@ -94,7 +94,7 @@
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Statement of case by tribunal for opinion of High Court.
#### Appeals against Board’s notices under section 703.
##### 9
@@ -136,7 +136,7 @@
- (6) . . . Nothing in this section shall be taken to mean that income arising in any period is to be computed by reference to any other period (except in so far as this results from apportioning to different parts of a period income of the whole period).
#### Reduction of United Kingdom taxes by amount of credit due.
#### Interpretation of credit code.
##### 10
@@ -23658,7 +23658,7 @@
## SCHEDULE 31
#### Application of lower rate to income from savings and distributions.
#### The charge to income tax.
##### 1A
@@ -23668,8558 +23668,8558 @@
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#### Advance corporation tax and qualifying distributions.
##### 8A
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##### 11AA
- (1) This section provides for determining for the purposes of corporation tax the amount of the profits attributable to a permanent establishment in the United Kingdom of a company that is not resident in the United Kingdom (“*the non-resident company*”).
- (2) There shall be attributed to the permanent establishment the profits it would have made if it were a distinct and separate enterprise, engaged in the same or similar activities under the same or similar conditions, dealing wholly independently with the non-resident company.
- (3) In applying subsection (2)—
- (a) it shall be assumed that the permanent establishment has the same credit rating as the non-resident company, and
- (b) it shall also be assumed that the permanent establishment has such equity and loan capital as it could reasonably be expected to have in the circumstances specified in that subsection.
No deduction may be made in respect of costs in excess of those that would have been incurred on those assumptions.
- (4) There shall be allowed as deductions any allowable expenses incurred for the purposes of the permanent establishment, including executive and general administrative expenses so incurred, whether in the United Kingdom or elsewhere.
- “*Allowable expenses*” means expenses of a kind in respect of which a deduction would be allowed for corporation tax purposes if incurred by a company resident in the United Kingdom.
- (5) The Board may by regulations make provision as to the application of subsection (2) in relation to insurance companies.
The regulations may, in particular, make provision in place of subsection (3)(b) as to the basis on which, in the case of insurance companies, capital is to be attributed to a permanent establishment in the United Kingdom. In this subsection “*insurance company*” has the meaning given by section 431(2).
- (6) Schedule A1 to this Act contains provisions supplementing the provisions of this section.
##### 13ZA
- (1) In determining for the purposes of section 13(7) whether one body corporate is a 51 per cent subsidiary of another, that other shall be treated as not being the owner of any share capital—
- (a) which it owns indirectly, and
- (b) which is owned directly by a body corporate for which a profit on the sale of the shares would be a trading receipt.
- (2) Notwithstanding that at any time a company (“*the subsidiary company*”) is a 51 per cent subsidiary of another company (“*the parent company*”) it shall not be treated at that time as such a subsidiary for the purposes of section 13(7) unless, additionally, at that time—
- (a) the parent company would be beneficially entitled to more than 50 per cent of any profits available for distribution to equity holders of the subsidiary company, and
- (b) the parent company would be beneficially entitled to more than 50 per cent of any assets of the subsidiary company available for distribution to its equity holders on a winding-up.
- (3) For the purposes of section 13(7) and this section—
- (a) “*trading or holding company*” means a trading company or a company the business of which consists wholly or mainly in the holding of shares or securities of trading companies that are its 90 per cent subsidiaries;
- (b) “*trading company*” means a company whose business consists wholly or mainly of the carrying on of a trade or trades;
- (c) a company is owned by a consortium if 75 per cent or more of the ordinary share capital of the company is beneficially owned between them by companies of which none—
- (i) beneficially owns less than 5 per cent of that capital,
- (ii) would be beneficially entitled to less than 5 per cent of any profits available for distribution to equity holders of the company, or
- (iii) would be beneficially entitled to less than 5 per cent of any assets of the company available for distribution to its equity holders on a winding up,
and those companies are called the members of the consortium.
- (4) Schedule 18 (equity holders and assets etc. available for distribution) applies for the purposes of subsections (2) and (3)(c) above as it applies for the purposes of section 413(7).
##### 13AA
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##### 13AB
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##### 13A
- (1) A close company is for the purposes of section 13(1) . . . a “*close investment-holding company*” unless it complies with subsection (2) below.
- (2) A company (“*the relevant company*”) complies with this subsection in any accounting period if throughout that period it exists wholly or mainly for any one or more of the following purposes—
- (a) the purpose of carrying on a trade or trades on a commercial basis,
- (b) the purpose of making investments in land or estates or interests in land in cases where the land is, or is intended to be, let to persons other than—
- (i) any person connected with the relevant company, or
- (ii) any person who is the spouse or civil partner of an individual connected with the relevant company, or is a relative, or the spouse or civil partner of a relative, of such an individual or of the spouse or civil partner of such an individual,
- (c) the purpose of holding shares in and securities of, or making loans to, one or more companies each of which is a qualifying company or a company which—
- (i) is under the control of the relevant company or of a company which has control of the relevant company, and
- (ii) itself exists wholly or mainly for the purpose of holding shares in or securities of, or making loans to, one or more qualifying companies,
- (d) the purpose of co-ordinating the administration of two or more qualifying companies,
- (e) the purpose of a trade or trades carried on on a commercial basis by one or more qualifying companies or by a company which has control of the relevant company, and
- (f) the purpose of the making, by one or more qualifying companies or by a company which has control of the relevant company, of investments as mentioned in paragraph (b) above.
- (3) For the purposes of subsection (2) above, a company is a “*qualifying company*”, in relation to the relevant company, if it—
- (a) is under the control of the relevant company or of a company which has control of the relevant company, and
- (b) exists wholly or mainly for either or both of the purposes mentioned in subsection (2)(a) or (b) above.
- (4) Where a company is wound up, it shall not be treated as failing to comply with subsection (2) above in the accounting period that (by virtue of subsection (7) of section 12) begins with the time which is for the purposes of that subsection the commencement of the winding up, if it complied with subsection (2) above in the accounting period that ends with that time.
- (5) In this section—
- “*control*” shall be construed in accordance with section 416, and
- “*relative*” has the meaning given by section 839(8).
- (6) Section 839 shall apply for the purposes of this section.
#### Rates of tax applicable to distribution income etc.
##### 21A
- (1) Except as otherwise expressly provided, the profits of a Schedule A business are computed in the same way as the profits of a trade are computed for the purposes of Case I of Schedule D.
- (2) The following provisions apply in accordance with subsection (1)—
- section 72 (apportionment);
- the provisions of Chapter V of Part IV (computational provisions relating to the Schedule D charge), except as mentioned in subsection (4) below;
- section 577 (business entertainment expenses);
- section 577A (expenditure involving crime);
- sections 579 and 580 (redundancy payments);
- section 588 (training courses for employees);
- section 589A (counselling services for employees);
- section 73(2) of the Finance Act 1988 (consideration for restrictive undertakings);
- section 43 of the Finance Act 1989 (Schedule D: computation);
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- sections 42 and 46(1) and (2) of the Finance Act 1998 (provisions as to computation of profits and losses);
- sections 196 to 200 of the Finance Act 2004 (registered pension schemes);
- section 246 of that Act (employer-financed retirement benefits schemes).
- (3) Section 74(1)(d) of this Act (disallowance of provisions for future repairs) applies in relation to a Schedule A business as if the reference to premises occupied for the purposes of the trade were to premises held for the purposes of the Schedule A business.
- (4) The following provisions in Chapter V of Part IV of this Act do not apply, or are excepted from applying, in accordance with subsection (1)—
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- section 87 (treatment of premiums taxed as rent),
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- section 98 (tied premises: receipts and expenses treated as those of trade).
- (5) Part 1 of Schedule 22 to the Finance Act 2001 (deduction for capital expenditure on remediation of contaminated land) applies in accordance with subsection (1), and the other Parts of that Schedule (further provision as to relief for remediation of contaminated land) have effect in relation to a Schedule A business in accordance with their provisions.
##### 21B
The following provisions apply for the purposes of Schedule A in relation to a Schedule A business as they apply for the purposes of Case I of Schedule D in relation to a trade—
- sections 103 to 106 . . . and 110 (post-cessation receipts and expenses, etc.) , with any reference to a trade within the charge to income tax being read as a reference to a UK property business;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- section 337(1) (effect of company beginning or ceasing to carry on trade);
- section 401(1) (pre-trading expenditure);
- section 64 of and Schedule 22 to the Finance Act 2002 (change of accounting basis).
##### 21C
- (1) The following provisions have effect for the purpose of applying the charge to corporation tax under Schedule A in relation to mutual business.
- (2) The transactions or relationships involved in mutual business are treated as if they were transactions or relationships between persons between whom no relationship of mutuality existed.
- (3) Any surplus arising from the business is regarded as a profit (and any deficit as a loss) if it would be so regarded if the business were not mutual.
- (4) The company to which the profit arises is the company which would satisfy that description if the business were not mutual business.
- (5) Nothing in this section affects the operation of section 488 (co-operative housing associations).
##### 31ZA
- (1) This section applies if—
- (a) a company carries on a Schedule A business in relation to land which consists of or includes a dwelling-house,
- (b) the company incurs expenditure in acquiring and installing an energy-saving item in the dwelling-house or in a building containing the dwelling-house (see subsections (5) to (7)),
- (c) the expenditure is incurred before 1st April 2015,
- (d) a deduction for the expenditure is not prohibited by the wholly and exclusively rule but would otherwise be prohibited by the capital prohibition rule (see subsection (8)), and
- (e) no allowance under the Capital Allowances Act may be claimed in respect of the expenditure.
- (2) In calculating the profits of the Schedule A business, a deduction for the expenditure is allowed.
- (3) But any deduction is subject to—
- (a) section 31ZB (restrictions on the relief), and
- (b) any provision made by regulations under section 31ZC.
- (4) If, on a just and reasonable apportionment of any expenditure, part of the expenditure would qualify for the relief (but the remainder would not), a deduction is allowed for that part.
- (5) “*Energy-saving item*” means an item of an energy-saving nature of such description as is for the time being specified in regulations made by the Treasury.
- (6) The Treasury may by regulations provide for an item to be an energy-saving item only if it satisfies such conditions as may be—
- (a) specified in, or
- (b) determined in accordance with,
the regulations.
- (7) The conditions may include conditions imposed by reference to information or documents issued by any body, person or organisation.
- (8) In this section—
- “*the capital prohibition rule*” means the rule in section 74(1)(f) or (g) (capital expenditure), as applied by section 21A, and
- “*the wholly and exclusively rule*” means the rule in section 74(1)(a) or (e) (expenses not wholly and exclusively for trade and unconnected losses), as applied by section 21A.
#### Schedule E.
##### 31ZB
- (1) This section restricts deductions that would otherwise be allowable under section 31ZA.
- (2) No deduction is allowed if, when the energy-saving item is installed, the dwelling-house—
- (a) is in the course of construction, or
- (b) is comprised in land in which the company does not have an interest or is in the course of acquiring an interest or further interest.
- (3) No deduction is allowed in respect of expenditure in an accounting period if—
- (a) the Schedule A business consists of or includes the commercial letting of furnished holiday accommodation for the purposes of section 503, and
- (b) the dwelling-house constitutes some or all of that accommodation for the accounting period.
- (4) No deduction is allowed in respect of expenditure treated by section 401 (as applied by section 21B) as incurred on the date on which the company starts to carry on the Schedule A business unless the expenditure was incurred not more than 6 months before that date.
- (5) No deduction is allowed in respect of expenditure incurred in acquiring and installing the energy-saving item in a building containing the dwelling-house in so far as the expenditure is not for the benefit of the dwelling-house.
##### 31ZC
- (1) In relation to any deduction under section 31ZA, the Treasury may make regulations for—
- (a) restricting or reducing the amount of expenditure for which the deduction is allowable,
- (b) excluding entitlement to the deduction in such cases as may be specified in, or determined in accordance with, the regulations,
- (c) determining who is (and is not) entitled to the deduction if different persons have different interests in land that consists of or includes the whole or part of a building containing one or more dwelling-houses,
- (d) making apportionments if the Schedule A business is carried on by persons in partnership or an interest in land is beneficially owned by persons jointly or in common.
- (2) The apportionments that may be made include apportionments to persons within the charge to income tax.
- (3) Regulations under this section may—
- (a) make different provision for different cases, and
- (b) contain incidental, supplemental, consequential and transitional provision and savings (including provision as to appeals in relation to apportionments mentioned in subsection (1)(d)).
##### 31A
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##### 31B
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#### Schedule A.
##### 8A
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##### 11AA
- (1) This section provides for determining for the purposes of corporation tax the amount of the profits attributable to a permanent establishment in the United Kingdom of a company that is not resident in the United Kingdom (“*the non-resident company*”).
- (2) There shall be attributed to the permanent establishment the profits it would have made if it were a distinct and separate enterprise, engaged in the same or similar activities under the same or similar conditions, dealing wholly independently with the non-resident company.
- (3) In applying subsection (2)—
- (a) it shall be assumed that the permanent establishment has the same credit rating as the non-resident company, and
- (b) it shall also be assumed that the permanent establishment has such equity and loan capital as it could reasonably be expected to have in the circumstances specified in that subsection.
No deduction may be made in respect of costs in excess of those that would have been incurred on those assumptions.
- (4) There shall be allowed as deductions any allowable expenses incurred for the purposes of the permanent establishment, including executive and general administrative expenses so incurred, whether in the United Kingdom or elsewhere.
- “*Allowable expenses*” means expenses of a kind in respect of which a deduction would be allowed for corporation tax purposes if incurred by a company resident in the United Kingdom.
- (5) The Board may by regulations make provision as to the application of subsection (2) in relation to insurance companies.
The regulations may, in particular, make provision in place of subsection (3)(b) as to the basis on which, in the case of insurance companies, capital is to be attributed to a permanent establishment in the United Kingdom. In this subsection “*insurance company*” has the meaning given by section 431(2).
- (6) Schedule A1 to this Act contains provisions supplementing the provisions of this section.
##### 13ZA
- (1) In determining for the purposes of section 13(7) whether one body corporate is a 51 per cent subsidiary of another, that other shall be treated as not being the owner of any share capital—
- (a) which it owns indirectly, and
- (b) which is owned directly by a body corporate for which a profit on the sale of the shares would be a trading receipt.
- (2) Notwithstanding that at any time a company (“*the subsidiary company*”) is a 51 per cent subsidiary of another company (“*the parent company*”) it shall not be treated at that time as such a subsidiary for the purposes of section 13(7) unless, additionally, at that time—
- (a) the parent company would be beneficially entitled to more than 50 per cent of any profits available for distribution to equity holders of the subsidiary company, and
- (b) the parent company would be beneficially entitled to more than 50 per cent of any assets of the subsidiary company available for distribution to its equity holders on a winding-up.
- (3) For the purposes of section 13(7) and this section—
- (a) “*trading or holding company*” means a trading company or a company the business of which consists wholly or mainly in the holding of shares or securities of trading companies that are its 90 per cent subsidiaries;
- (b) “*trading company*” means a company whose business consists wholly or mainly of the carrying on of a trade or trades;
- (c) a company is owned by a consortium if 75 per cent or more of the ordinary share capital of the company is beneficially owned between them by companies of which none—
- (i) beneficially owns less than 5 per cent of that capital,
- (ii) would be beneficially entitled to less than 5 per cent of any profits available for distribution to equity holders of the company, or
- (iii) would be beneficially entitled to less than 5 per cent of any assets of the company available for distribution to its equity holders on a winding up,
and those companies are called the members of the consortium.
- (4) Schedule 18 (equity holders and assets etc. available for distribution) applies for the purposes of subsections (2) and (3)(c) above as it applies for the purposes of section 413(7).
##### 13AA
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##### 13AB
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##### 13A
- (1) A close company is for the purposes of section 13(1) . . . a “*close investment-holding company*” unless it complies with subsection (2) below.
- (2) A company (“*the relevant company*”) complies with this subsection in any accounting period if throughout that period it exists wholly or mainly for any one or more of the following purposes—
- (a) the purpose of carrying on a trade or trades on a commercial basis,
- (b) the purpose of making investments in land or estates or interests in land in cases where the land is, or is intended to be, let to persons other than—
- (i) any person connected with the relevant company, or
- (ii) any person who is the spouse or civil partner of an individual connected with the relevant company, or is a relative, or the spouse or civil partner of a relative, of such an individual or of the spouse or civil partner of such an individual,
- (c) the purpose of holding shares in and securities of, or making loans to, one or more companies each of which is a qualifying company or a company which—
- (i) is under the control of the relevant company or of a company which has control of the relevant company, and
- (ii) itself exists wholly or mainly for the purpose of holding shares in or securities of, or making loans to, one or more qualifying companies,
- (d) the purpose of co-ordinating the administration of two or more qualifying companies,
- (e) the purpose of a trade or trades carried on on a commercial basis by one or more qualifying companies or by a company which has control of the relevant company, and
- (f) the purpose of the making, by one or more qualifying companies or by a company which has control of the relevant company, of investments as mentioned in paragraph (b) above.
- (3) For the purposes of subsection (2) above, a company is a “*qualifying company*”, in relation to the relevant company, if it—
- (a) is under the control of the relevant company or of a company which has control of the relevant company, and
- (b) exists wholly or mainly for either or both of the purposes mentioned in subsection (2)(a) or (b) above.
- (4) Where a company is wound up, it shall not be treated as failing to comply with subsection (2) above in the accounting period that (by virtue of subsection (7) of section 12) begins with the time which is for the purposes of that subsection the commencement of the winding up, if it complied with subsection (2) above in the accounting period that ends with that time.
### Connected persons
##### 33A
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##### 33B
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##### 37A
- (1) This section applies if—
- (a) in calculating the amount that falls to be treated as a receipt of a UK property business under Chapter 4 of Part 3 of ITTOIA 2005 (“*the ITTOIA receipt*”), there is a reduction under section 288 of that Act by reference to a taxed receipt, and
- (b) the taxed receipt is the amount chargeable on the superior interest for the purposes of section 37.
- (2) Section 37(4) shall apply for the period in respect of which the ITTOIA receipt arose only if the appropriate fraction of the amount chargeable on the superior interest exceeds the amount of the ITTOIA receipt given by the formula in section 277, 279, 280, 281 or 282 of ITTOIA 2005, as the case may be.
- (3) Section 37(4) shall then apply as if the amount chargeable on the superior interest were reduced in the proportion which that excess bears to that appropriate fraction.
- (4) Subsection (5) applies if—
- (a) the ITTOIA receipt is in respect of a lease granted out of the taxed lease,
- (b) the taxed lease is the head lease for the purposes of section 37, and
- (c) the lease granted as mentioned in paragraph (a) does not extend to the whole of the premises subject to the head lease.
- (5) Section 37(4) and subsections (2) and (3) above shall be applied separately to the part of the premises subject to the lease and to the remainder of the premises, but as if for any reference to the amount chargeable on the superior interest there were a reference to that amount proportionately adjusted.
- (6) For the purposes of this section the appropriate fraction of the amount chargeable on the superior interest is the fraction—
$$AB$where—A is the period in respect of which the ITTOIA receipt arose, andB is the period in respect of which the amount chargeable on the superior interest arose for the purposes of section 37.$
- (7) For the purposes of this section the period in respect of which an ITTOIA receipt arose is its receipt period (within the meaning of Chapter 4 of Part 3 of ITTOIA 2005 (see section 288(6))).
- (8) In this section the following expressions have the same meaning as in Chapter 4 of Part 3 of ITTOIA 2005—
- “reduction under section 288 by reference to a taxed receipt” (see section 290(6) of that Act),
- “taxed lease” (see section 287(4) of that Act), and
- “taxed receipt” (see section 287(4) of that Act).
- (9) In the application of this section to Scotland, references to a lease granted out of a taxed lease are to be construed as references to a sublease of land subject to the taxed lease.
#### Section 37(4) and reductions in receipts under ITTOIA 2005
##### 42A
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### Rent factoring
##### 43A
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##### 43B
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##### 43C
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##### 43D
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##### 43E
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##### 43F
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##### 43G
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##### 51AA
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##### 51A
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##### 51B
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#### Schedule F.
##### 56A
- (1) This section applies where there is an arrangement under which—
- (a) there is a right to receive an amount (with or without interest)
in pursuance of a deposit of money,
- (b) when the right comes into existence there is no certificate of deposit in respect of the right, and
- (c) the person for the time being entitled to the right is entitled to call for the issue of a certificate of deposit in respect of the right.
- (2) In such a case—
- (a) the right shall be treated as not falling within section 56(1)(b), and
- (b) if there is a disposal or exercise of the right before such time (if any) as a certificate of deposit is issued in respect of it, section 56(2) shall apply to it by virtue of this paragraph.
- (3) In the application of section 56 by virtue of this section—
- (a) subsection (2) shall have effect as if the words from “(whether” to “person)” read “(whether by the person originally entitled to the right or by some other person)”, and
- (b) subsection (3) shall have effect as if the words “stated in a certificate of deposit” read “under an arrangement”.
- (4) In this section “*certificate of deposit*” has the meaning given by section 56(5).
##### 62A
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##### 63A
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##### 65A
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##### 68A
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##### 68B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 68C
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##### 70A
- (1) This section applies where a company is chargeable to corporation tax under Case V of Schedule D in respect of income which—
- (a) arises from a business carried on for the exploitation, as a source of rents or other receipts, of any estate, interest or rights in or over land outside the United Kingdom, and
- (b) is not income to which section 70(2) applies (income from a trade or vocation).
- (2) The provisions of Schedule A apply to determine whether income falls within subsection (1)(a) above as they would apply to determine whether the income fell within paragraph 1(1) of that Schedule if—
- (a) the land in question were in the United Kingdom, or
- (b) a caravan or houseboat which is to be used at a location outside the United Kingdom were to be used at a location in the United Kingdom.
- (3) Any provision of the Taxes Acts which deems there to be a Schedule A business in the case of land in the United Kingdom applies where the corresponding circumstances arise with respect to land outside the United Kingdom so as to deem there to be a business within subsection (1)(a) above.
- (4) All businesses and transactions carried on or entered into by a particular company or partnership, so far as they are businesses or transactions the income from which is chargeable to tax under Case V of Schedule D in accordance with this section, are treated for the purposes of the charge to tax under Case V as, or as entered into in the course of carrying on, a single business (an “overseas property business").
- (5) The income from an overseas property business shall be computed for the purposes of Case V of Schedule D in accordance with the rules applicable to the computation of the profits of a Schedule A business.
Those rules apply separately in relation to—
- (a) an overseas property business, and
- (b) any actual Schedule A business of the company chargeable,
as if each were the only Schedule A business carried on by that company.
- (6) Sections 503 and 504 of this Act . . . do not apply to the profits or losses of an overseas property business.
- (7) Where under this section rules expressed by reference to domestic concepts of law apply in relation to land outside the United Kingdom, they shall be interpreted so as to produce the result that most closely corresponds with the result produced for Schedule A purposes in relation to land in the United Kingdom.
##### 75A
- (1) This section has effect for the purpose of determining the accounting period to which expenses of management are referable for the purposes of section 75(1).
- (2) Where—
- (a) expenses of management are debited in accounts drawn up by a company for a period of account,
- (b) the treatment of those expenses in those accounts is in accordance with generally accepted accounting practice, and
- (c) the period of account coincides with an accounting period,
the expenses of management are referable to that accounting period.
- (3) Where—
- (a) expenses of management are debited in accounts drawn up by a company for a period of account, and
- (b) the treatment of those expenses in those accounts is in accordance with generally accepted accounting practice, but
- (c) the period of account does not coincide with an accounting period,
subsection (4) below applies.
- (4) Where this subsection applies, the expenses of management—
- (a) shall be apportioned between any accounting periods that fall within the period of account, and
- (b) are referable to an accounting period to the extent that they are so apportioned to it.
- (5) An apportionment under subsection (4) above shall be in accordance with section 834(4) (time basis) unless it appears that that method would work unreasonably or unjustly, in which case such other method shall be used as appears just and reasonable.
- (6) Where—
- (a) expenses of management are not referable to an accounting period by virtue of subsections (2) to (5) above, but
- (b) accounts are drawn up by the company for a period of account, and
- (c) if the expenses of management had been treated in those accounts in accordance with generally accepted accounting practice, they would fall to be debited in those accounts,
the expenses of management are referable to the accounting period to which they would have been referable in accordance with subsections (2) to (5) above if they had been so debited in those accounts.
- (7) Where expenses of management are not referable to an accounting period by virtue of subsections (2) to (6) above, they are referable to the accounting period to which they would be referable in accordance with subsections (2) to (5) above on the assumptions in subsection (8) below.
- (8) Those assumptions are—
- (a) that for each accounting period that does not coincide with, or fall within, any period of account, there is a period of account that coincides with that accounting period, and
- (b) that so much of the expenses of management as would fall to be debited in accordance with generally accepted accounting practice in accounts drawn up by the company for any such deemed period of account are so debited.
- (9) This section is without prejudice to any other provision of the Corporation Tax Acts which provides for amounts to be treated for the purposes of section 75 as expenses of management referable to an accounting period.
- (10) Any reference in this section to expenses of management being debited in accounts is a reference to those expenses being brought into account, in accordance with generally accepted accounting practice, as a debit—
- (a) in the company’s profit and loss account or income statement, or
- (b) in a statement of total recognised gains and losses , statement of changes in equity or other statement of items brought into account in computing the company’s profits and losses for accounting purposes.
For this purpose “*debit*” means an amount which for accounting purposes reduces a profit, or increases a loss, for a period of account.
#### Restrictions on relief
##### 75B
- (1) This section applies in any case where the following conditions are satisfied—
- (a) a credit is brought into account by a company in a period of account (the “reversal period”) which ends on or after the commencement date,
- (b) the credit reverses (in whole or in part) a debit brought into account in a previous period of account of the company (whenever ending),
- (c) the debit (in whole or in part) represents expenses of management deductible under section 75(1) for an accounting period of the company (“the period of deductibility”),
- (d) the expenses of management were so deductible for that period otherwise than by virtue of section 75(9) (carry forward of unrelieved excess),
- (e) the period of deductibility ends before, or at the same time as, the reversal period,
- (f) the reversal period does not coincide with an accounting period beginning before the commencement date.
- (2) In any such case, subsection (4) or (5) below (as the case may be) shall apply in relation to the reversal amount.
- (3) In this section “*the reversal amount*” means so much of the credit as—
- (a) reverses so much of the debit as represents the expenses of management, and
- (b) does not represent sums otherwise taken into account in determining for the purposes of corporation tax the profits and losses of the company for the relevant accounting period or any earlier accounting period.
For this purpose the relevant accounting period is the latest accounting period of the company that falls wholly or partly within the reversal period.
- (4) If the reversal period coincides with an accounting period of the company beginning on or after the commencement date, the reversal amount shall be dealt with for that period in accordance with subsection (7) below.
- (5) If the reversal period does not coincide with an accounting period of the company—
- (a) the reversal amount shall be apportioned between any accounting periods that fall within the reversal period, and
- (b) any amount so apportioned to an accounting period beginning on or after the commencement date shall be dealt with for that period in accordance with subsection (7) below.
- (6) An apportionment under subsection (5) above shall be in accordance with section 834(4) (time basis) unless it appears that that method would work unreasonably or unjustly, in which case such other method shall be used as appears just and reasonable.
- (7) Where an amount falls to be dealt with in accordance with this subsection for an accounting period—
- (a) it shall, so far as possible, be applied in reducing or further reducing (but not below nil) the company’s expenses of management deductible for that period otherwise than by virtue of section 75(9) (carry forward of unrelieved excess), and
- (b) so much of the amount as cannot be so applied shall be regarded as income of the company chargeable under Case VI of Schedule D for that accounting period.
- (8) In subsection (1) above “*brought into account*”, in relation to a period of account of a company, means brought into account in accordance with generally accepted accounting practice in determining, for accounting purposes, profit and loss for that period of account.
- (9) If (apart from this subsection) an accounting period does not coincide with, or fall within, any period of account, it shall be assumed for the purposes of this section that there is a period of account of the company that coincides with that accounting period.
- (10) It shall be assumed for the purposes of this section that, in determining for accounting purposes profit and loss for any period of account of any company, amounts fall to be brought into account in accordance with generally accepted accounting practice.
- (11) For the purposes of this section a credit reverses a debit in whole or in part in any case where the sum represented in whole or in part by the debit is paid and then in whole or in part repaid (as well as in a case where the sum represented by the debit is never paid).
- (12) In this section—
- “*the commencement date*” means 1st April 2004;
- “*credit*” means an amount which for accounting purposes increases or creates a profit, or reduces a loss, for a period of account;
- “*debit*” means an amount which for accounting purposes reduces a profit, or increases or creates a loss, for a period of account.
#### Relief for rent etc. not paid.
##### 76A
- (1) In computing the amount of the profits to be charged to corporation tax under Case I of Schedule D arising from a trade carried on by an authorised person (other than an investment company)—
- (a) to the extent that it would not be deductible apart from this section, any sum expended by the authorised person in paying a levy may be deducted as an allowable expense;
- (b) any payment which is made to the authorised person as a result of a repayment provision is to be treated as a trading receipt.
- (2) “Levy” means—
- (a) a payment required under rules made under section 136(2) of the Financial Services and Markets Act 2000 (“the Act of 2000”);
- (b) a levy imposed under the Financial Services Compensation Scheme;
- (c) a payment required under rules made under section 234 of the Act of 2000;
- (d) a payment required under scheme rules in accordance with paragraph 15(1) of Schedule 17 to the Act of 2000;
- (e) a payment required in accordance with the standard terms fixed under paragraph 18 of Schedule 17 to the Act of 2000 other than an award which is not an award of costs under cost rules.
- (3) “Repayment provision” means—
- (a) any provision made by virtue of section 136(7) or 214(1)(e) of the Act of 2000;
- (b) any provision by scheme rules for fees to be refunded in specified circumstances.
- (4) “*Authorised person*” has the same meaning as in the Act of 2000.
- (5) “Scheme rules” means the rules referred to in paragraph 14(1) of Schedule 17 to the Act of 2000.
- (6) “Costs rules” means—
- (a) rules made under section 230 of the Act of 2000;
- (b) provision relating to costs contained in the standard terms fixed under paragraph 18 of Schedule 17 to the Act of 2000.
##### 76B
- (1) For the purposes of section 75 any sums paid by a company with investment business—
- (a) by way of a levy, or
- (b) as a result of an award of costs under costs rules,
shall be treated as part of its expenses of management.
- (2) For the purposes of corporation tax, if a payment is made to a company with investment business as a result of a repayment provision, the company shall be charged to tax under Case VI of Schedule D on the amount of that payment.
- (3) “*Levy*” has the meaning given in section 76A(2).
- (4) “Costs rules” has the meaning given in section 76A(6).
- (5) “*Repayment provision*” has the meaning given in section 76A(3).
#### Disposal or exercise of rights in pursuance of deposits.
##### 79A
- (1) Notwithstanding anything in section 74, but subject to the provisions of this section, where a company carrying on a trade or profession makes any contribution (whether in cash or in kind) to a training and enterprise council, business link organisation or a local enterprise company, any expenditure incurred by the company in making the contribution may be deducted as an expense in computing the profits of the trade or profession for the purposes of corporation tax if it would not otherwise be so deductible.
- (2) Where any such contribution is made by a company with investment business any expenditure allowable as a deduction under subsection (1) above shall for the purposes of section 75 be treated as expenses of management.
- (2A) Where any such contribution is made by a company in relation to which section 76 applies (expenses of insurance companies) any expenditure allowable as a deduction under subsection (1) above shall for the purposes of that section be treated as expenses payable which fall to be brought into account at Step 1 in subsection (7) of that section.
- (3) Subsection (1) above does not apply in relation to a contribution made by any company if either the company or any person connected with the company receives or is entitled to receive a benefit of any kind whatsoever for or in connection with the making of that contribution, whether from the council, organisation or company concerned or from any other person.
- (4) In any case where—
- (a) relief has been given under subsection (1) above in respect of a contribution made by a company, and
- (b) any benefit received in any accounting period by the company or any person connected with the company is in any way attributable to that contribution,
the company shall in respect of that accounting period be charged to corporation tax under Case I or Case II of Schedule D, or if the company is not chargeable to corporation tax under either of those Cases for that period under Case VI of Schedule D, on an amount equal to the value of that benefit.
- (5) In this section—
- “*control*” shall be construed in accordance with section 416, and
- “*relative*” has the meaning given by section 839(8).
- (6) Section 839 shall apply for the purposes of this section.
#### Rates of tax applicable to distribution income etc.
##### 21A
- (1) Except as otherwise expressly provided, the profits of a Schedule A business are computed in the same way as the profits of a trade are computed for the purposes of Case I of Schedule D.
- (2) The following provisions apply in accordance with subsection (1)—
- section 72 (apportionment);
- the provisions of Chapter V of Part IV (computational provisions relating to the Schedule D charge), except as mentioned in subsection (4) below;
- section 577 (business entertainment expenses);
- section 577A (expenditure involving crime);
- sections 579 and 580 (redundancy payments);
- section 588 (training courses for employees);
- section 589A (counselling services for employees);
- section 73(2) of the Finance Act 1988 (consideration for restrictive undertakings);
- section 43 of the Finance Act 1989 (Schedule D: computation);
- (aa) “*business link organisation*” means any person authorised by or on behalf of the Secretary of State to use a service mark (within the meaning of the Trade Marks (Amendment) Act 1984) designated by the Secretary of State for the purposes of this paragraph
- (a) “*training and enterprise council*” means a body with which the Secretary of State has made an agreement (not being one which has terminated) under which it is agreed that the body shall carry out the functions of a training and enterprise council, and
- (b) “*local enterprise company*” means a company with which an agreement (not being one which has terminated) under which it is agreed that the company shall carry out the functions of a local enterprise company has been made by . . . Scottish Enterprise or Highlands and Islands Enterprise.
- (6) Section 839 applies for the purposes of subsections (3) and (4) above.
- (7) This section applies to contributions made on or after 1st April 1990 or, in the case of a contribution to a business link organisation, 30th November 1993. . . .
##### 79B
- (1) Notwithstanding anything in section 74, but subject to the provisions of this section, where a company carrying on a trade or profession makes any contribution (whether in cash or in kind) to a designated urban regeneration company, any expenditure incurred by the company in making the contribution may be deducted as an expense in computing the profits of the trade or professionfor the purposes of corporation tax if it would not otherwise be so deductible.
- (2) Where any such contribution is made by a company with investment business, any expenditure allowable as a deduction under subsection (1) above shall for the purposes of section 75 be treated as expenses of management.
- (2A) Where any such contribution is made by a company in relation to which section 76 applies (expenses of insurance companies) any expenditure allowable as a deduction under subsection (1) above shall for the purposes of that section be treated as expenses payable which fall to be brought into account at Step 1 in subsection (7) of that section.
- (3) Subsection (1) above does not apply in relation to a contribution made by any company if either the company or any person connected with the company receives or is entitled to receive a benefit of any kind whatsoever for or in connection with the making of that contribution, whether from the urban regeneration company concerned or from any other person.
- (4) In any case where—
- (a) relief has been given under subsection (1) above in respect of a contribution made by a company, and
- (b) any benefit received in any accounting period by the company or any person connected with the company is in any way attributable to that contribution,
the company shall in respect of that accounting period be charged to corporation tax under Case I or Case II of Schedule D or, if the company is not chargeable to corporation tax under either of those Cases for that period, under Case VI of Schedule D on an amount equal to the value of that benefit.
- (5) In this section “*urban regeneration company*” means any body of persons (whether corporate or unincorporate) which the Treasury by order designates as an urban regeneration company for the purposes of this section.
- (6) The Treasury may only make an order under subsection (5) above designating a body as an urban regeneration company for the purposes of this section if they consider that each of the criteria in subsection (7) below is satisfied in the case of the body.
- (7) The criteria are that—
- (a) the sole or main function of the body is to co-ordinate the regeneration of a specific urban area in the United Kingdom;
- (b) the body is expected to seek to perform that function by creating a plan for the development of that area and endeavouring to secure that the plan is carried into effect;
- (c) in co-ordinating the regeneration of that area, the body is expected to work together with some or all of the public or local authorities which exercise functions in relation to the whole or part of that area.
- (8) An order under subsection (5) above may be framed so as to take effect on a date earlier than the making of the order, but not earlier than—
- (a) 1st April 2003, in the case of the first order under that subsection, or
- (b) three months before the date on which the order is made, in the case of any subsequent order.
- (9) Section 839 (connected persons) applies for the purposes of this section.
- (10) This section applies to contributions made on or after 1st April 2003.
##### 82A
- (1) Notwithstanding anything in section 74, where a company carrying on a trade incurs expenditure not of a capital nature on research and development—
- (a) related to that trade, and
- (b) directly undertaken by the company or on the company's behalf,
the expenditure incurred may be deducted as an expense in computing the profits of the trade for the purposes of corporation tax.
- (2) For this purpose expenditure on research and development does not include expenditure incurred in the acquisition of rights in, or arising out of, research and development.
Subject to that, it includes all expenditure incurred in carrying out, or providing facilities for carrying out, research and development.
- (3) The reference in subsection (1) above to research and development related to a trade includes—
- (a) research and development which may lead to or facilitate an extension of that trade;
- (b) research and development of a medical nature which has a special relation to the welfare of workers employed in that trade.
- (4) The same expenditure may not be taken into account under this section in relation to more than one trade.
- (5) In this section “*research and development*” has the meaning given by section 837A and includes oil and gas exploration and appraisal.
##### 82B
- (1) Notwithstanding anything in section 74, where a company carrying on a trade—
- (a) pays any sum to an Association in the case of which exemption may be claimed under section 508 and which has as its object the undertaking of research and development which may lead to or facilitate an extension of the class of trade to which the trade carried on by the company belongs, or
- (b) pays any sum to be used for scientific research related to that class of trade to any such university, college research institute or other similar institution as is for the time being approved for the purposes of this section by the Secretary of State,
the sum paid may be deducted as an expense in computing the profits of the trade for the purposes of corporation tax.
- (2) In this section “*scientific research*” means any activities in the fields of natural or applied science for the extension of knowledge.
- (3) The reference in subsection (1)(b) above to scientific research related to a class of trade includes—
- (a) scientific research which may lead to or facilitate an extension of trades of that class;
- (b) scientific research of a medical nature which has a special relation to the welfare of workers employed in trades of that class.
- (4) If a question arises under this section whether, or to what extent, any activities constitute or constituted scientific research, the Board shall refer the question for decision to the Secretary of State.
The decision of the Secretary of State is final.
- (5) The same expenditure may not be taken into account under this section in relation to more than one trade.
##### 83A
- (1) This section applies where a company carrying on a trade or profession gives an article falling within subsection (2) below to—
- (a) a charity within the meaning of section 506, or
- (b) a body listed in section 507(1).
- (2) An article falls within this subsection if—
- (a) it is an article manufactured, or of a class or description sold, by the company in the course of its trade; . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) Subject to subsection (4) below, where this section applies in the case of the gift of an article—
- (a) no amount shall be required, in consequence of the the company's disposal of that article from trading stock, to be brought into account for corporation tax purposes as a trading receipt of the company; . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) In any case where—
- (a) relief is given under subsection (3) above or section 63(2) of the Capital Allowances Act in respect of the gift of an article made by a company, and
- (b) any benefit received in any accounting period by the company or any person connected with the company is in any way attributable to the making of that gift,
the company shall in respect of that accounting period be charged to corporation tax under Case I or Case II of Schedule D or, if the company is not chargeable to corporation tax under either of those Cases for that period, under Case VI of Schedule D on an amount equal to the value of that benefit.
- (5) Section 839 applies for the purposes of this section.
##### 84A
- (1) Subsection (2) below applies where—
- (a) a company incurs expenditure on establishing a share option scheme which the Board approve and under which no employee or director obtains rights before such approval is given, or
- (b) a company incurs expenditure on establishing a profit sharing scheme which the Board approve and under which the trustees acquire no shares before such approval is given.
- (2) In such a case the expenditure—
- (a) shall be deducted in computing for the purposes of Schedule D or Part 2 of ITTOIA 2005 the profits of a trade carried on by the company, or
- (b) if the company is one with investment business, shall be treated as expenses of management deductible under section 75 to the extent that it otherwise would not be, or
- (c) if the company is one in relation to which section 76 applies, shall be treated for the purposes of that section as expenses payable which fall to be brought into account at Step 1 in subsection (7) of that section to the extent that it otherwise would not be.
- (3) In a case where—
- (a) subsection (2) above applies, and
- (b) the approval is given after the end of the period of nine months beginning with the day following the end of the period of account in which the expenditure is incurred,
for the purpose of applying subsection (2) above the expenditure shall be treated in accordance with subsection (3ZA) below.
- (3ZA) Where this subsection applies—
- (a) in applying subsection (2)(a) above, the expenditure shall be treated as incurred in the period of account in which the approval is given (and not the period of account mentioned in subsection (3)(b) above),
- (b) in applying subsection (2)(b) or (c) above, the expenditure shall be treated as referable to the accounting period in which the approval is given.
- (3A) In this section, “*share option scheme*” means—
- (a) an SAYE option scheme within the meaning of the SAYE code (see section 516(4) of ITEPA 2003 (approved SAYE option schemes)), or
- (b) a CSOP scheme within the meaning of the CSOP code (see section 521(4) of that Act (approved CSOP schemes)).
- (4) References in this section to approving are to approving under Schedule 9 to this Act or under Schedule 3 or 4 to ITEPA 2003 (approved SAYE option schemes and approved CSOP schemes).
- (5) This section applies where the expenditure is incurred on or after 1st April 1991.
##### 85A
- (1) Subsection (2) below applies where a company incurs expenditure on establishing a qualifying employee share ownership trust.
- (2) In such a case the expenditure—
- (a) shall be deducted in computing for the purposes of Schedule D the profits of a trade carried on by the company,. . .
- (b) if the company is a company with investment business, shall be treated as expenses of management deductible under section 75 to the extent that it otherwise would not be, or
- (c) if the company is one in relation to which section 76 applies, shall be treated for the purposes of that section as expenses payable which fall to be brought into account at Step 1 in subsection (7) of that section to the extent that it otherwise would not be.
- (3) In a case where—
- (a) subsection (2) above applies, and
- (b) the trust is established after the end of the period of nine months beginning with the day following the end of the period of account in which the expenditure is incurred,
for the purpose of applying subsection (2) above, the expenditure shall be treated in accordance with subsection(3A) below.
- (3A) Where this subsection applies—
- (a) in applying subsection (2)(a) above, the expenditure shall be treated as incurred in the period of account in which the trust is established (and not the period of account mentioned in subsection (3)(b) above),
- (b) in applying subsection (2)(b) or (c) above, the expenditure shall be treated as referable to the accounting period in which the trust is established.
- (4) In this section “*qualifying employee share ownership trust*” shall be construed in accordance with Schedule 5 to the Finance Act 1989.
- (5) For the purposes of this section the trust is established when the deed under which it is established is executed.
- (6) This section applies where the expenditure is incurred on or after 1st April 1991.
##### 85B
Schedule 4AA (which provides for deductions relating to approved share incentive plans) shall have effect.
##### 86A
- (1) This section applies where—
- (a) a company (the employer) is liable to make to any individual payments from which income tax falls to be deducted under PAYE regulations, and
- (b) the employer withholds sums from those payments in accordance with an approved scheme and pays the sums to an approved agent.
- (1A) In subsection (1)(b) “*approved scheme*” and “*approved agent*” have the same meaning as in section 714 of ITEPA 2003.
- (2) Any relevant expenditure incurred by the employer on or after 16th March 1993—
- (a) shall be deducted in computing for the purposes of Schedule D the profits of a trade or profession carried on by the employer, or
- (b) if the employer is a company with investment business, shall be treated as expenses of management deductible under section 75.
- (3) Relevant expenditure is expenditure incurred in making to the agent any payment in respect of expenses which have been or are to be incurred by the agent in connection with his functions under the scheme.
#### Case V income from land outside UK: corporation tax.
##### 87A
- (1) This section applies if—
- (a) a lease has been granted out of the interest referred to in section 87(4),
- (b) in calculating the amount that falls to be treated as a receipt of a UK property business under Chapter 4 of Part 3 of ITTOIA 2005 in respect of the lease, there is a reduction under section 288 of that Act by reference to a taxed receipt, and
- (c) the taxed receipt is the amount chargeable for the purposes of section 87.
- (2) Section 37A (section 37(4) and reductions in receipts under ITTOIA 2005) shall apply for modifying the operation of section 87(2) and (3) as it applies for modifying the operation of section 37(4).
- (3) In this section the following expressions have the same meaning as in Chapter 4 of Part 3 of ITTOIA 2005—
- “reduction under section 288 by reference to a taxed receipt” (see section 290(6) of that Act), and
- “taxed receipt” (see section 287(4) of that Act).
#### Appeals against determinations under sections 34 to 36 or Chapter 4 of Part 3 of ITTOIA 2005.
##### 88A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 88B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 88C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 88D
- (1) This section applies to debts to which the following provisions do not apply—
- (a) Chapter 2 of Part 4 of the Finance Act 1996 (loan relationships, etc);
- (b) Schedule 26 to the Finance Act 2002 (derivative contracts);
- (c) Schedule 29 to that Act (intangible fixed assets).
- (2) In calculating the profits of a company's trade for the purposes of corporation tax, no deduction is allowed in respect of a debt owed to the company, except—
- (a) by way of impairment loss, or
- (b) to the extent that the debt is released wholly and exclusively for the purposes of that trade as part of a statutory insolvency arrangement.
- (3) In this section “*debt*” includes an obligation or liability that falls to be discharged otherwise than by the payment of money.
- (4) In this section “*trade*” has the meaning given by section 6(4).
##### 91A
- (1) This section applies where on or after 6th April 1989 a company makes a site restoration payment in the course of carrying on a trade.
- (2) Subject to subsection (3) below, for the purposes of . . . corporation tax the payment shall be allowed as a deduction in computing the profits of the trade for the period of account in which the payment is made.
- (3) Subsection (2) above shall not apply to so much of the payment as—
- (a) represents expenditure which has been allowed as a deduction in computing the profits of the trade for any period of account preceding the period of account in which the payment is made, or
- (b) represents capital expenditure in respect of which an allowance has been, or may be, made under the enactments relating to capital allowances.
- (4) For the purposes of this section a site restoration payment is a payment made—
- (a) in connection with the restoration of a site or part of a site, and
- (b) in order to comply with any condition of a relevant licence, or any condition imposed on the grant of planning permission to use the site for the carrying out of waste disposal activities, or any relevant obligation.
- (5) For the purposes of this section waste disposal activities are the collection, treatment, conversion and final depositing of waste materials, or any of those activities.
- (6) For the purposes of this section a relevant icence is—
- (a) a disposal licence under Part I of the Control of Pollution Act 1974 or Part II of the Pollution Control and Local Government (Northern Ireland) Order 1978, or
- (b) a waste management licence under Part II of the Environmental Protection Act 1990 or any corresponding provision for the time being in force in Northern Ireland, or
- (ba) a permit under regulations under section 2 of the Pollution Prevention and Control Act 1999, or a permit under regulations under Article 4 of the Environment (Northern Ireland) Order 2002, or
- (ba) a permit granted under regulations under section 2 of the Pollution Prevention and Control Act 1999, or a permit under regulations under Article 4 of the Environment (Northern Ireland) Order 2002, or
- (c) any authorisation under the Radioactive Substances Act 1960 or the Radioactive Substances Act 1993 for the disposal of radioactive waste or any nuclear site licence under the Nuclear Installations Act 1965.
- (7) For the purposes of this section a relevant obligation is—
- (a) an obligation arising under an agreement made under—
- (i) section 106 of the Town and Country Planning Act 1990, as originally enacted;
- (ii) section 75 of the Town and Country Planning (Scotland) Act 1997;
- (b) a planning obligation entered into under section 106 of the Act of 1990, as substituted by section 12 of the Planning and Compensation Act 1991, or under section 299A of the Act of 1990;
- (c) an obligation arising under or under an agreement made under any provision—
- (i) corresponding to section 106 of the Town and Country Planning Act 1990, as originally enacted or as substituted by the Act of 1991 or to section 299A of the Act of 1990; and
- (ii) for the time being in force in Northern Ireland.
- (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 91B
- (1) This section applies where a company—
- (a) incurs, in the course of carrying on a trade, site preparation expenditure in relation to a waste disposal site (the site in question),
- (b) holds, at the time the company first deposits waste materials on the site in question, a relevant licence which is then in force,
- (c) makes a claim for relief under this section in such form as the Board may direct, and
- (d) submits such plans and other documents (if any) as the Board may require;
and it is immaterial whether the expenditure is incurred before or after the coming into force of this section.
- (2) In computing the profits of the trade for a period of account ending after 5th April 1989, the allowable amount shall be allowed as a deduction for the purposes of . . . corporation tax.
- (3) In relation to a period of account (the period in question) the allowable amount shall be determined in accordance with the formula—
$(A-B)×CC+D$
- (4) A is the site preparation expenditure incurred by the company at any time before the beginning of, or during, the period in question—
- (a) in relation to the site in question, and
- (b) in the course of carrying on the trade;
but this subsection is subject to subsections (5) and (9) below.
- (5) A does not include any expenditure—
- (a) which has been allowed as a deduction in computing for the purposes of corporation tax or income tax the profits of the trade for any period of account preceding the period in question, or
- (b) which constitutes capital expenditure in respect of which an allowance has been, or may be, made for the purposes of corporation tax or income tax under the enactments relating to capital allowances.
- (6) B is an amount equal to any amount allowed as a deduction under this section or section 165 of ITTOIA 2005 (relief for income tax purposes), if allowed—
- (a) in computing the profits of the trade for any period of account preceding the period in question, and
- (b) as regards expenditure incurred in relation to the site in question;
and if different amounts have been so allowed as regards different periods, B is the aggregate of them.
- (7) C is the volume of waste materials deposited on the site in question during the period in question; but if the period is one beginning before 6th April 1989 C shall be reduced by the volume of any waste materials deposited on the site during the period but before that date.
- (8) D is the capacity of the site in question not used up for the deposit of waste materials, looking at the state of affairs at the end of the period in question.
- (9) Where any of the expenditure which would be included in A (apart from this subsection) was incurred before 6th April 1989, A shall be reduced by an amount determined in accordance with the formula—
$E×FF+G$
- (10) For the purposes of subsection (9) above—
- (a) E is so much of the initial expenditure (that is, the expenditure which would be included in A apart from subsection (9) above) as was incurred before 6th April 1989,
- (b) F is the volume of waste materials deposited on the site in question before 6th April 1989, and
- (c) G is the capacity of the site in question not used up for the deposit of waste materials, looking at the state of affairs immediately before 6th April 1989.
- (10A) For the purposes of this section any expenditure incurred for the purposes of a trade by a company about to carry it on shall be treated as if it had been incurred by that company on the first day on which it does carry it on and in the course of doing so.
- (11) For the purposes of this section—
- (a) a waste disposal site is a site used (or to be used) for the disposal of waste materials by their deposit on the site,
- (b) in relation to such a site, site preparation expenditure is expenditure on preparing the site for the deposit of waste materials (and may include expenditure on earthworks),
- (c) in relation to such a site, “*capacity*” means capacity expressed in volume,
- (d) “*relevant licence*” has the same meaning as in section 91A, . . .
- (e) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 91BA
- (1) This section applies where—
- (a) site preparation expenditure has been incurred in relation to a waste disposal site,
- (b) that expenditure was incurred by a person in the course of carrying on a trade, and
- (c) on or after 21st March 2000—
- (i) that person (“*the predecessor*”) ceases to carry on that trade, or ceases to carry it on so far as it relates to that site, and
- (ii) another person that is a company (“*the successor*”) begins to carry on that trade, or to carry on in the course of a trade the activities formerly carried on by the predecessor in relation to that site.
- (2) If the conditions specified in the following provisions of this section are met, then, for the purposes of section 91B above—
- (a) the trade carried on by the successor shall be treated as the same trade as that carried on by the predecessor, and
- (b) allowances shall be made to the successor (and not to the predecessor) as if everything done to or by the predecessor had been done to or by the successor.
- (3) The first condition is that the whole of the site in question is transferred to the successor.
Provided the successor holds an estate or interest in the whole of the site, it need not be the same as that held by the predecessor.
- (4) The second condition is that the successor, at the time it first deposits waste material at the site, holds a relevant licence in respect of the site which is then in force.
- (5) Expressions used in this section have the same meaning as in section 91B.
##### 91C
Where—
- (a) a company carrying on a trade incurs expenditure on mineral exploration and access as defined in section 396(1) of the Capital Allowances Act in an area or group of sands in which the presence of mineral deposits in commercial quantities has already been established, and
- (b) if the presence in that area or group of sands of mineral deposits in commercial quantities had not already been established, that expenditure would not have been allowed to be deducted in computing the profits of the trade for the purposes of corporation tax,
that expenditure shall not be so deducted.
### Payments for restrictive undertakings
##### 76ZA
- (1) This section applies if a payment—
- (a) is treated as earnings of an employee by virtue of section 225 of ITEPA 2003 (payments for restrictive undertakings), and
- (b) is made, or treated as made for the purposes of section 226 of that Act (valuable consideration given for restrictive undertakings), by a company in relation to which section 76 applies.
- (2) The payment is treated as expenses payable which fall to be brought into account at Step 1 in section 76(7), so far as it otherwise would not be.
### Seconded employees
##### 76ZB
- (1) This section applies if a company to which section 76 applies makes the services of a person employed for the purposes of the company's life assurance business available to—
- (a) a charity, or
- (b) an educational establishment,
on a basis that is stated and intended to be temporary.
- (2) Expenses of the employer that are attributable to the employee's employment during the period of the secondment are treated as expenses payable which fall to be brought into account at Step 1 in section 76(7).
- (3) In this section—
- “*educational establishment*” has the same meaning as in section 70 of CTA 2009, and
- “*the period of the secondment*” means the period for which the employee's services are made available to the charity or educational establishment.
### Counselling and retraining expenses
##### 76ZC
- (1) This section applies if—
- (a) a company carrying on life assurance business (“*the employer*”) incurs counselling expenses,
- (b) the expenses are incurred in relation to a person (“*the employee*”) who holds or has held an office or employment under the employer, and
- (c) the relevant conditions are met.
- (2) The expenses are brought into account under section 76 as expenses payable (so far as they otherwise would not be).
- (3) In this section “*counselling expenses*” means expenses incurred—
- (a) in the provision of services to the employee in connection with the cessation of the office or employment,
- (b) in the payment or reimbursement of fees for such provision, or
- (c) in the payment or reimbursement of travelling expenses in connection with such provision.
- (4) In this section “*the relevant conditions*” means—
- (a) conditions A to D for the purposes of section 310 of ITEPA 2003 (employment income exemptions: counselling and other outplacement services), and
- (b) in the case of travel expenses, condition E for those purposes.
##### 76ZD
- (1) This section applies if—
- (a) a company carrying on life assurance business (“*the employer*”) incurs training course expenses,
- (b) they are incurred in relation to a person (“*the employee*”) who holds or has held an office or employment under the employer, and
- (c) the relevant conditions are met.
- (2) The expenses are brought into account under section 76 as expenses payable (so far as they otherwise would not be).
- (3) In this section—
- “*retraining course expenses*” means expenses incurred in the payment or reimbursement of retraining course expenses within the meaning given by section 311(2) of ITEPA 2003, and
- “*the relevant conditions*” means—the conditions in subsections (3) and (4) of section 311 of ITEPA 2003 (employment income exemptions: retraining courses), andin the case of travel expenses, the conditions in subsection (5) of that section.
##### 76ZE
- (1) This section applies if—
- (a) an employer's liability to corporation tax for an accounting period is determined on the assumption that it is entitled by virtue of section 76ZD to bring an amount into account in determining the amount of a deduction to be made under section 76, and
- (b) without section 76ZD the employer would not have been so entitled.
- (2) If, subsequently—
- (a) the condition in section 311(4)(a) of ITEPA 2003 is not met because of the employee's failure to begin the course within the period of one year after ceasing to be employed, or
- (b) the condition in section 311(4)(b) of ITEPA 2003 is not met because of the employee's continued employment or re-employment,
an assessment of an amount or further amount of corporation tax due as a result of the condition not being met may be made under paragraph 41 of Schedule 18 to FA 1998.
- (3) Such an assessment must be made before the end of the period of 6 years immediately following the end of the accounting period in which the failure to meet the condition occurred.
- (4) If subsection (2) applies, the employer must give an officer of Revenue and Customs a notice containing particulars of—
- (a) the employee's failure to begin the course,
- (b) the employee's continued employment, or
- (c) the employee's re-employment,
within 60 days of coming to know of it.
- (5) If an officer of Revenue and Customs has reason to believe that the employer has failed to give such a notice, the officer may by notice require the employer to provide such information as the officer may reasonably require for the purposes of this section about—
- (a) the failure to begin the course,
- (b) the continued employment, or
- (c) the re-employment.
- (6) A notice under subsection (5) may specify a time (not less than 60 days) within which the required information must be provided.
### Redundancy payments etc
##### 76ZF
- (1) Sections 76ZG to 76ZI apply if—
- (a) a company to which section 76 applies (“*the employer*”) makes a redundancy payment or an approved contractual payment to another person (“*the employee*”), and
- (b) the payment is in respect of the employee's employment wholly in the employer's life assurance business or partly in the employer's life assurance business and partly in one or more other capacities.
- (2) For the purposes of this section and sections 76ZG to 76ZH “*redundancy payment*” means a redundancy payment payable under—
- (a) Part 11 of the Employment Rights Act 1996, or
- (b) Part 12 of the Employment Rights (Northern Ireland) Order 1996.
- (3) For the purposes of this section and those sections—
- “*contractual payment*” means a payment which, under an agreement, an employer is liable to make to an employee on the termination of the employee's contract of employment, and
- a contractual payment is “*approved*” if, in respect of that agreement, an order is in force under—section 157 of the Employment Rights Act 1996, orArticle 192 of the Employment Rights (Northern Ireland) Order 1996.
##### 76ZG
- (1) This section applies if the payment is in respect of the employee's employment wholly in the employer's life assurance business.
- (2) The payment is treated as expenses payable which fall to be brought into account at Step 1 in section 76(7), so far as it otherwise would not be.
- (3) The amount brought into account by virtue of this section for an approved contractual payment must not exceed the amount which would have been due to the employee if a redundancy payment had been payable.
- (4) If the payment is referable to an accounting period beginning after the business has permanently ceased to be carried on, it is treated as referable to the last accounting period in which the business was carried on.
##### 76ZH
- (1) This section applies if the payment is in respect of the employee's employment with the employer—
- (a) partly in the employer's life assurance business, and
- (b) partly in one or more other capacities.
- (2) The amount of the redundancy payment, or the amount which would have been due if a redundancy payment had been payable, is to be apportioned on a just and reasonable basis between—
- (a) the employment in the life assurance business, and
- (b) the employment in the other capacities.
- (3) The part of the payment apportioned to the employment in the life assurance business is treated as a payment in respect of the employee's employment wholly in the life assurance business for the purposes of section 76ZG.
##### 76ZI
- (1) This section applies if the employer's business, or part of it, ceases (permanently) to be carried on and the employer makes a payment to the employee in addition to—
- (a) the redundancy payment, or
- (b) if an approved contractual payment is made, the amount that would have been due if a redundancy payment had been payable.
- (2) If—
- (a) the additional payment would not otherwise be regarded as expenses payable for the purposes of section 76, but
- (b) that is only because the business, or the part of the business, has ceased to be carried on,
the additional payment is regarded as expenses payable for the purposes of section 76.
- (3) So far as the additional payment would, apart from this subsection, be regarded as expenses payable for the purposes of Step 5 in subsection (7) of section 76, it is not to be so regarded for the purposes of that subsection (or of subsection (2) above so far as relating to section 76).
- (4) The amount treated under this section as expenses payable for the purposes of section 76 is limited to 3 times the amount of—
- (a) the redundancy payment, or
- (b) if an approved contractual payment is made, the amount that would have been due if a redundancy payment had been payable.
- (5) If the payment is referable to an accounting period beginning after the business or the part of the business has ceased to be carried on, it is treated as referable to the last accounting period in which the business, or the part concerned, was carried on.
##### 76ZJ
- (1) This section applies if—
- (a) a redundancy payment or an approved contractual payment is payable by a company to which section 76 applies (“*the employer*”), and
- (b) a payment to which subsection (2) applies is made in respect of the payment.
- (2) This subsection applies to—
- (a) payments made by the Secretary of State under section 167 of the Employment Rights Act 1996, and
- (b) payments made by the Department for Employment and Learning under Article 202 of the Employment Rights (Northern Ireland) Order 1996.
- (3) So far as the employer reimburses the Secretary of State or Department for the payment, sections 76ZG to 76ZI apply as if the payment were—
- (a) a redundancy payment, or
- (b) an approved contractual payment,
made by the employer.
### Contributions to local enterprise organisations or urban regeneration companies
##### 76ZK
- (1) This section applies if a company to which section 76 applies (“*the contributor*”) incurs expenses in making a contribution (whether in cash or in kind)—
- (a) to a local enterprise organisation, or
- (b) to an urban regeneration company.
- (2) The expenses are treated for the purposes of section 76 as expenses payable which fall to be brought into account at Step 1 in section 76(7).
- (3) But if, in connection with the making of the contribution, the contributor or a connected person—
- (a) receives a disqualifying benefit of any kind, or
- (b) is entitled to receive such a benefit,
the amount treated in accordance with subsection (2) is restricted to the amount of the expenses less the value of the benefit.
- (4) For this purpose it does not matter whether a person receives, or is entitled to receive, the benefit—
- (a) from the local enterprise organisation or urban regeneration company concerned, or
- (b) from anyone else.
- (5) Subsection (6) applies if—
- (a) an amount has been brought into account in accordance with subsection (2), and
- (b) the contributor or a connected person receives a disqualifying benefit that is in any way attributable to the contribution.
- (6) The contributor is to be treated as receiving, when the benefit is received, an amount—
- (a) which is equal to the value of the benefit (so far as not brought into account in determining the amount of the deduction), and
- (b) to which the charge to corporation tax on income applies.
- (7) In this section—
- “*disqualifying benefit*” means a benefit the expenses of obtaining which, if incurred by the contributor directly in a transaction at arm's length, would not be expenses payable for the purposes of section 76,
- “*local enterprise organisation*” has the meaning given by section 83 of CTA 2009,
- “*urban regeneration company*” has the meaning given by section 86 of CTA 2009.
- (8) Section 839 (“connected person”) applies for the purposes of subsections (3) and (5).
### Unpaid remuneration
##### 76ZL
- (1) This section applies if—
- (a) an amount is charged in respect of employees' remuneration in the accounts for a period of a company to which section 76 applies,
- (b) the amount would apart from this section be brought into account under section 76 as expenses payable, and
- (c) the remuneration is not paid before the end of the period of 9 months immediately following the end of the period of account.
- (2) If the remuneration is paid after the end of that period of 9 months, the amount is brought into account for the period of account in which it is paid.
- (3) But—
- (a) subsection (2) is subject to section 86 of FA 1989 (spreading of relief for acquisition expenses), and
- (b) in interpreting that section the remuneration is treated as expenses payable which fall to be included at Step 1 in section 76(7) for the period of account in which the remuneration is paid.
- (4) The amount is not brought into account under section 76 as expenses payable if it is not paid.
##### 76ZM
- (1) For the purposes of section 76ZL an amount charged in the accounts in respect of employees' remuneration includes an amount for which provision is made in the accounts with a view to its becoming employees' remuneration.
- (2) For the purposes of section 76ZL it does not matter whether an amount is charged for—
- (a) particular employments, or
- (b) employments generally.
- (3) If the profits of the company are calculated before the end of the 9 month period mentioned in section 76ZL(1)(c)—
- (a) it must be assumed, in making the calculation, that any remuneration which is unpaid when the calculation is made will not be paid before the end of that period, but
- (b) if the remuneration is subsequently paid before the end of that period, nothing in this subsection prevents the calculation being revised and any tax return being amended accordingly.
- (4) For the purposes of this section and section 76ZL remuneration is paid when it—
- (a) is treated as received by an employee for the purposes of ITEPA 2003 by section 18 or 19 of that Act (receipt of money and non-money earnings), or
- (b) would be so treated if it were not exempt income.
- (5) In this section and section 76ZL—
- “*employee*” includes an office-holder and “*employment*” therefore includes an office, and
- “*remuneration*” means an amount which is or is treated as earnings for the purposes of Parts 2 to 7 of ITEPA 2003.
### Car or motor cycle hire
##### 76ZN
- (1) Subsection (2) applies if—
- (a) in calculating the corporation tax to which a company is liable for an accounting period, an amount representing expenses incurred on the hiring of a car or motor cycle can be brought into account under section 76 as expenses payable,
- (b) the car or motor cycle is not a qualifying hire car or motor cycle, and
- (c) the retail price of the car or motor cycle when new exceeds £12,000.
- (2) The amount that would otherwise be capable of being brought into account as expenses payable is reduced by multiplying the amount by the fraction—
$$£12,000+RP2×RP$where RP is the retail price of the car or motor cycle when new.$
- (3) Subsection (4) applies if an amount is reduced as a result of subsection (2), or a corresponding provision, and—
- (a) subsequently—
- (i) there is a rebate (however described) of the hire charges, or
- (ii) a debt in respect of any of the hire charges is released otherwise than as part of a statutory insolvency agreement, and
- (b) an amount is brought into account in respect of the rebate or release.
- (4) For the purposes of subsection (3)(b) an amount is brought into account in respect of a rebate of hire charges or the release of a debt if—
- (a) the amount of a reversal representing the rebate or release falls to be deducted under Step 4 in section 76(7), or
- (b) (in the case of a rebate of hire charges) an amount representing the rebate is chargeable under section 85(1) of the Finance Act 1989 (c. 26).
- (5) The amount that would otherwise be deductible as mentioned in subsection (4)(a) or chargeable as mentioned in subsection (4)(b) is reduced by multiplying it by the fraction set out in subsection (2).
- (6) In this section “*corresponding provision*” means—
- (a) section 56(2) of CTA 2009 (car or motor cycle hire: trade profits and property income),
- (b) section 1251(2) of CTA 2009 (car or motor cycle hire: companies with investment business), and
- (c) section 48(2) of ITTOIA 2005 (car or motor cycle hire: trade profits and property income).
- (7) The power under section 74(4) of CAA 2001 to increase or further increase the sums of money specified in Chapter 8 of Part 2 of CAA 2001 includes the power to increase or further increase the sum of money specified in subsection (1)(c) or (2).
- (8) In this section “*car or motor cycle*” and “*qualifying hire car or motor cycle*” have the meanings given by section 57 of CTA 2009.
##### 76ZO
- (1) Section 76ZN does not apply to expenses incurred on the hiring of a car with low CO₂ emissions, or an electrically-propelled car, if—
- (a) the car was first registered on or after 17 April 2002, and
- (b) the period of hire begins before 1 April 2013 under a contract entered into before that date.
- (2) For this purpose—
- “*car with low CO₂ emissions*” has the meaning given by section 45D of CAA 2001, and
- “*electrically-propelled car*” has the meaning given by that section.
##### 95ZA
- (1) If the total amount of relevant distributions received by a company in an accounting period exceeds £50,000, those distributions are to be taken into account in calculating for corporation tax purposes the profits of the company in that period (and accordingly section 208 does not apply in relation to those distributions).
- (2) A company (“company A”) receives a “relevant distribution” if—
- (a) it receives a distribution made by a company resident in the United Kingdom (“company B”),
- (b) the value of the shares or stock in respect of which the distribution is made (“the holding”) is materially reduced by reason of the distribution,
- (c) a profit on the sale of the holding (to anyone other than company B) would be taken into account in calculating company A's profits in respect of relevant insurance business, and
- (d) either—
- (i) the holding amounts to, or is an ingredient in a holding amounting to, 10% of all holdings of the same class in company B, or
- (ii) the period between the acquisition by company A of the holding and that company first taking steps to dispose of the holding does not exceed 30 days.
- (3) In this section “*relevant insurance business*” means any kind of insurance business other than life assurance business.
- (4) Section 177(7) of TCGA 1992 (provision supplementing provision corresponding to subsection (2)(d)(i) above) applies for the purposes of subsection (2)(d)(i).
- (5) Section 731(4) below (interpretation of “taking steps to dispose of securities”) applies for the purposes of subsection (2)(d)(ii) as if the reference to the securities were to the holding.
##### 95A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Relief for post-cessation expenditure
##### 109A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Change of residence
##### 110A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Expenses of insurance companies
### Limited liability partnerships
##### 118ZA
- (1) For corporation tax purposes, where a limited liability partnership carries on a trade, profession or other business with a view to profit—
- (a) all the activities of the partnership are treated as carried on in partnership by its members (and not by the partnership as such),
- (b) anything done by, to or in relation to the partnership for the purposes of, or in connection with, any of its activities is treated as done by, to or in relation to the members as partners, and
- (c) the property of the partnership is treated as held by the members as partnership property.
References in this subsection to the activities of the limited liability partnership are to anything that it does, whether or not in the course of carrying on a trade, profession or other business with a view to profit.
- (2) For all purposes, except as otherwise provided, in the Corporation Tax Acts—
- (a) references to a partnership include a limited liability partnership in relation to which subsection (1) above applies,
- (b) references to members of a partnership include members of such a limited liability partnership,
- (c) references to a company do not include such a limited liability partnership, and
- (d) references to members of a company do not include members of such a limited liability partnership.
- (3) Subsection (1) above continues to apply in relation to a limited liability partnership which no longer carries on any trade, profession or other business with a view to profit—
- (a) if the cessation is only temporary, or
- (b) during a period of winding up following a permanent cessation, provided—
- (i) the winding up is not for reasons connected in whole or in part with the avoidance of tax, and
- (ii) the period of winding up is not unreasonably prolonged,
but subject to subsection (4) below.
- (4) Subsection (1) above ceases to apply in relation to a limited liability partnership—
- (a) on the appointment of a liquidator or (if earlier) the making of a winding-up order by the court, or
- (b) on the occurrence of any event under the law of a country or territory outside the United Kingdom corresponding to an event specified in paragraph (a) above.
##### 118ZB
Section 118 has effect in relation to a member of a limited liability partnership as in relation to a limited partner, but subject to sections 118ZC and 118ZD.
##### 118ZC
- (1) Subsection (3) of section 118 does not have effect in relation to a member of a limited liability partnership.
- (2) But, for the purposes of . . . section 118, such a member’s contribution to a trade at any time (“*the relevant time*”) is the greater of—
- (a) the amount subscribed by it, and
- (b) the amount of its liability on a winding up.
- (3) The amount subscribed by a member of a limited liability partnership is the amount which it has contributed to the limited liability partnership as capital, less so much of that amount (if any) as—
- (a) it has previously, directly or indirectly, drawn out or received back,
- (b) it so draws out or receives back during the period of five years beginning with the relevant time,
- (c) it is or may be entitled so to draw out or receive back at any time when it is a member of the limited liability partnership, or
- (d) it is or may be entitled to require another person to reimburse to it.
- (4) The amount of the liability of a member of a limited liability partnership on a winding up is the amount which—
- (a) it is liable to contribute to the assets of the limited liability partnership in the event of the partnership's being wound up, and
- (b) it remains liable so to contribute for the period of at least five years beginning with the relevant time (or until the partnership is wound up, if that happens before the end of that period).
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 118ZD
- (1) Where amounts relating to a trade carried on by a member of a limited liability partnership are, in any one or more accounting periods, prevented from being given or allowed by section . . . 118 as it applies otherwise than by virtue of this section (the member's“total unrelieved loss”), subsection (2) applies in each subsequent accounting period in which—
- (a) the member carries on the trade as a member of the limited liability partnership, and
- (b) any of the member's total unrelieved loss remains outstanding.
- (2) Sections 393A(1) and 403 (and section 118 as it applies in relation to those sections) shall have effect in the subsequent accounting period as if—
- (a) any loss sustained or incurred by the member in the trade in that accounting period were increased by an amount equal to so much of the member's total unrelieved loss as remains outstanding in that period, or
- (b) (if no loss is so sustained or incurred) a loss of that amount were so sustained or incurred.
- (3) To ascertain whether any (and, if so, how much) of a member’s total unrelieved loss remains outstanding in the subsequent accounting period, deduct from the amount of the member's total unrelieved loss the aggregate of—
- (a) any relief given under any provision of the Corporation Tax Acts (otherwise than as a result of subsection (2)) in respect of the member's total unrelieved loss in that or any previous accounting period, and
- (b) any amount given or allowed in respect of the member's total unrelieved loss as a result of subsection (2) in any previous accounting period (or which would have been so given or allowed had a claim been made).
### Non-active general partners and non-active members of limited liability partnerships
##### 118ZE
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 118ZF
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Amounts reversing expenses of management deducted: charge to tax
##### 118ZG
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 118ZH
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 118ZI
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 18ZJ
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 118ZK
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Partnerships exploiting films
##### 118ZL
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 118ZM
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Partners: meaning of “contribution to the trade”
#### Levies and repayments under the Financial Services and Markets Act 2000.
##### 118ZN
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 118ZO
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Chapter VIIA — Paying and collecting agents
##### 118A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 118B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 118C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 118D
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 118E
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 118F
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 118G
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 118H
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 118I
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 118J
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 118K
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Levies and repayments under the Financial Services and Markets Act 2000: investment companies.
##### 126A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 127A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 129A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 129B
- (1) The income which, as income deriving from investments of a description specified in any of the relevant provisions, is eligible for relief from tax by virtue of that provision shall be taken to include any relevant stock lending fee.
- (2) For the purposes of this section the relevant provisions are sections 613(4) and 614(3) and section 186 of the Finance Act 2004.
- (3) In this section “*relevant stock lending fee*”, in relation to investments of any description, means any amount, in the nature of a fee, which is payable in connection with any stock lending arrangement relating to investments which, but for any transfer under the arrangement, would be investments of that description.
- (4) In this section “*stock lending arrangement*” has the same meaning as in section 263B of the 1992 Act.
#### Payments to trustees of approved profit sharing schemes.
#### Conventional basis: general charge on receipts after discontinuance . . . .
#### Paying agents.
##### 140A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 140B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 140C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 140D
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 140E
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 140F
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 140G
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 140H
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Definitions.
##### 144A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 146A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 151A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 155ZA
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 155ZB
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 155AA
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 155A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Cars available for private use.
##### 156A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 157A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 159AA
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##### 159AB
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##### 159AC
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 159A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 161A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 161B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 168A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 168AA
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##### 168AB
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 168B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 168C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 168D
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##### 168E
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##### 168F
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##### 168G
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#### Exceptions from tax.
#### Change of scheme employer.
##### 177A
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##### 177B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Contributions in respect of share option gains
#### Interpretation of sections 185 and 186 and Schedules 9 and 10.
##### 187A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Removal expenses and benefits
##### 191A
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##### 191B
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##### 192A
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#### Foreign pensions.
##### 197A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 197AA
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##### 197AB
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 197AC
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Mileage allowances
##### 197AD
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##### 197AE
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Giving effect to mileage allowance relief
##### 197AF
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##### 197AG
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##### 197AH
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Mileage allowances
##### 197B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 197C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 197D
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 197E
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##### 197F
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Sporting and recreational facilities
##### 197G
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 198A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 200ZA
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 200AA
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##### 200A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 200B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 200C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 200D
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 200E
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 200F
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 200G
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 200H
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 200J
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 201AA
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 201A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 202A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 202B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 203A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 203B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 203C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 203D
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 203E
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 203F
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 203FA
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 203FB
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 203G
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 203H
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 203I
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 203J
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 203K
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 203L
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 206A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 207A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### PAYE: payment by intermediary.
##### 209A
- (1) Subsection (3AA) of section 209 does not apply in relation to a security issued by a company (the “*issuing company*”) if the security is one which to a significant extent reflects dividends or other distributions in respect of, or fluctuations in the value of, shares in one or more companies each of which is—
- (a) the issuing company; or
- (b) an associated company of the issuing company;
but this subsection is subject to the following provisions of this section.
- (2) Subsection (1) above does not prevent subsection (3AA) of section 209 above from applying in relation to a security if—
- (a) the issuing company is a bank or securities house;
- (b) the security is issued by the issuing company in the ordinary course of its business; and
- (c) the security reflects dividends or other distributions in respect of, or fluctuations in the value of, shares in companies falling within paragraph (a) or (b) of subsection (1) above by reason only that the security reflects fluctuations in a qualifying index.
- (3) In subsection (2)(c) above “*qualifying index*” means an index whose underlying subject matter includes both—
- (a) shares in one or more companies falling within paragraph (a) or (b) of subsection (1) above, and
- (b) shares in one or more companies falling within neither of those paragraphs,
and which is an index such that the shares falling within paragraph (b) above represent a significant proportion of the market value of the underlying subject matter of the index.
- (4) In this section—
- “*bank*” has the meaning given by section 840A;
- “*securities house*” means any person—who is authorised for the purposes of the Financial Services and Markets Act 2000; andwhose business consists wholly or mainly of dealing in financial instruments as principal;and in paragraph (b) above “*financial instrument*” has the meaning given by section 984 of ITA 2007.
- (5) For the purposes of this section a company is an “*associated company*” of another at any time if at that time one has control of the other or both are under the control of the same person or persons.
- (6) For the purposes of subsection (5) above, “*control*”, in relation to a company, means the power of a person to secure—
- (a) by means of the holding of shares or the possession of voting power in or in relation to the company or any other company, or
- (b) by virtue of any powers conferred by the articles of association or other document regulating the company or any other company,
that the affairs of the company are conducted in accordance with his wishes.
- (7) There shall be left out of account for the purposes of subsection (6) above—
- (a) any shares held by a company, and
- (b) any voting power or other powers arising from shares held by a company,
if a profit on a sale of the shares would be treated as a trading receipt of a trade carried on by the company and the shares are not, within the meaning of Chapter 1 of Part 12, assets of an insurance company’s long-term insurance fund (see section 431(2)).
##### 209B
- (1) Subsection (3AA) of section 209 does not at any time apply in relation to a security issued by a company (the “*issuing company*”) if at that time, or any earlier time on or after 17th April 2002, there are or have been any hedging arrangements that relate to some or all of the company’s liabilities under the security.
- (2) Subsection (1) above does not prevent subsection (3AA) of section 209 from applying in relation to a security at any time if—
- (a) conditions 1 to 4 below are satisfied in relation to any such hedging arrangements at that time; and
- (b) at all earlier times on or after 17th April 2002 when there have been hedging arrangements that relate to some or all of the company’s liabilities under the security, conditions 1 to 4 below were satisfied in relation to those hedging arrangements.
- (3) Where subsection (3AA) of section 209 at any time ceases to apply in relation to a security by virtue of this section, subsection (2)(d) of that section shall have effect in relation to the security as from that time as it would have had effect if subsection (3AA) had never applied in relation to the security.
- (4) Condition 1 is that the hedging arrangements do not constitute, include, or form part of, any scheme or arrangement the purpose or one of the main purposes of which is the avoidance of tax (including stamp duty or stamp duty land tax).
- (5) Condition 2 is that the hedging arrangements are such that, where for the purposes of corporation tax a deduction in respect of the security falls to be made at any time by the issuing company, then at that time, or within a reasonable time before or after it, any amounts intended under the hedging arrangements to offset some or all of that deduction arise—
- (a) to the issuing company; or
- (b) to a company which is a member of the same group of companies as the issuing company.
- (6) Condition 3 is that the whole of every amount arising as mentioned in subsection (5) above is brought into charge to corporation tax—
- (a) by a company falling within paragraph (a) or (b) of that subsection, or
- (b) by two or more companies, taken together, each of which falls within paragraph (a) or (b) of that subsection.
- (7) Condition 4 is that for the purposes of corporation tax any deductions in respect of expenses of establishing or administering the hedging arrangements are reasonable, in proportion to the amounts required to be brought into charge to corporation tax by subsection (6) above.
- (8) For the purposes of this section “*hedging arrangements*”, in relation to a security, means any scheme or arrangement for the purpose, or for purposes which include the purpose, of securing that an amount of income or gain accrues, or is received or receivable, whether directly or indirectly, which is intended to offset some or all of the amounts which fall to be brought into account, in accordance with generally accepted accounting practice, in respect of amounts accruing or falling to be paid in accordance with the terms of the security.
- (9) Any reference in this section to two companies being members of the same group of companies is a reference to their being members of the same group of companies for the purposes of Chapter 4 of Part 10 of this Act (group relief).
##### 213A
- (1) A reference in the Corporation Tax Acts to distributions of a company shall not apply to a distribution if—
- (a) it is a distribution consisting of—
- (i) the transfer of part of a business by a company (“the distributing company”) to one or more other companies (“the transferee company or companies”), and
- (ii) the issue of shares by the transferee company or companies to the members of the distributing company, and
- (b) the requirements of either section 140A(1A) of the 1992 Act (division of UK business) or section 140C(1A) of that Act (division of non-UK business) are satisfied in relation to the distribution.
- (2) A distribution to which this section applies is an “*exempt distribution*” for the purposes of sections 214 to 217.
- (3) The expression “*relevant company*” in sections 214 to 217 includes the distributing company and the transferee company or companies.
### Industrial and provident society dividends etc
##### 230A
- (1) This section applies if—
- (a) a dividend or bonus is granted by a registered industrial and provident society, and
- (b) section 132 (deduction for dividends etc granted by industrial and provident societies) of CTA 2009 allows the sum representing the dividend or bonus to be deducted in calculating the profits of a trade.
- (2) The dividend, or the bonus, is not treated as a distribution for the purposes of the Corporation Tax Acts.
##### 231A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 231AA
- (1) A person shall not be entitled to a tax credit under section 231 . . . in respect of a qualifying distribution if—
- (a) he is the borrower under a stock lending arrangement or the lender under a creditor repo or creditor quasi-repo;
- (b) the qualifying distribution is, or is a payment representative of, a distribution in respect of securities to which the arrangement or repo in question relates; and
- (c) a manufactured dividend representative of that distribution is paid by that person in respect of securities to which the arrangement or repo in question relates.
- (1A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2) In this section “*stock lending arrangement*” has the same meaning as in section 263B of the 1992 Act and, in relation to any such arrangement, any reference to the borrower, or the securities to which the arrangement relates, shall be construed accordingly.
- (3) In this section “*creditor repo*” and “*creditor quasi-repo*” have the meaning given by Schedule 13 to the Finance Act 2007.
- (4) For the purposes of this section “*manufactured dividend*” has the same meaning as in paragraph 2 of Schedule 23A (and any reference to a manufactured dividend being paid accordingly includes a reference to a payment falling by virtue of section 736B(2) . . . to be treated for the purposes of Schedule 23A as if it were made).
- (5) For the purposes of this section a person is taken to have paid a manufactured dividend representative of a distribution in respect of securities to which a creditor repo relates if (as a result of paragraph 13(1) of Schedule 13 to the Finance Act 2007) the person is treated for the purposes of Chapter 9 of Part 15 of ITA 2007 as making a payment which is representative of the income payable on the securities.
##### 231AB
- (1) A person shall not be entitled to a tax credit under section 231 . . . in respect of a qualifying distribution if—
- (a) the person is the borrower under a debtor repo or debtor quasi-repo;
- (b) the qualifying distribution is a manufactured dividend paid to the borrower in consequence of that repo; and
- (c) the arrangement or arrangements in relation to that repo are not such that the actual dividend which the manufactured dividend represents is receivable otherwise than by the borrower under that repo.
- (1A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2) In this section “*debtor repo*” and “*debtor quasi-repo*” have the meaning given by Schedule 13 to the Finance Act 2007.
- (3) Subsection (4) of section 231AA applies for the purposes of this section as it applies for the purposes of that section.
##### 231B
- (1) This section applies in any case where—
- (a) a person (“A”) is entitled to a tax credit in respect of a qualifying distribution;
- (b) arrangements subsist such that another person (“B”) obtains, whether directly or indirectly, a payment representing any of the value of the tax credit;
- (c) the arrangements (whether or not made directly between A and B) were entered into for an unallowable purpose; and
- (d) the condition in subsection (2) below is satisfied.
- (2) The condition is that if B had been the person entitled to the tax credit and the qualifying distribution to which it relates, and had received the distribution when it was made, then—
- (a) B would not have been entitled to obtain any payment under section 231(2) or (3) in respect of the tax credit; and
- (b) if B is a company, B could not have used the income consisting of the distribution to frank a distribution actually made in the accounting period in which it would have received the distribution to which the tax credit relates.
- (3) This section does not apply if and to the extent that any other provision of the Tax Acts has the effect of cancelling or reducing the tax advantage which would otherwise be obtained by virtue of the arrangements.
- (4) Where this section applies—
- (a) no claim shall be made under section 231(2) for payment of the amount of the tax credit;
- (b) no claim shall be made under section 397(2) of ITTOIA 2005. . . in respect of the tax credit;
- (c) the income consisting of the distribution in respect of which A is entitled to the tax credit shall not be regarded for the purposes of section 241 as franked investment income; and
- (d) no claim shall be made under section 35 of the Finance (No. 2) Act 1997 (transitional relief) for payment of an amount determined by reference to that distribution.
- (5) For the purposes of this section, the question whether any arrangements were entered into for an “unallowable purpose” shall be determined in accordance with subsections (6) and (7) below.
- (6) Arrangements are entered into for an unallowable purpose if the purposes for which at least one person is a party to the arrangements include a purpose which is not amongst the business or other commercial purposes of that person.
- (7) Where one of the purposes for which a person enters into any arrangements is the purpose of securing that that person or another obtains a tax advantage, that purpose shall be regarded as a business or other commercial purpose of the person only if it is neither the main purpose, nor one of the main purposes, for which the person enters into the arrangements.
- (8) Any reference in this section to a person obtaining a tax advantage includes a reference to a person obtaining a payment representing any of the value of a tax credit in circumstances where, had the person obtaining the payment been entitled to the tax credit and the qualifying distribution to which it relates, that person—
- (a) would not have been entitled to obtain any payment under section 231(2) or (3) in respect of the tax credit; and
- (b) if that person is a company, could not have used the income consisting of the distribution to frank a distribution actually made in the accounting period in which it would have received the distribution to which the tax credit relates.
- (9) If an amount representing any of the value of a tax credit to which a person is entitled is applied at the direction of, or otherwise in favour of, some other person (whether by way of set off or otherwise), the case shall be treated for the purposes of this section as one where that other person obtains a payment representing any of the value of the tax credit.
- (10) In determining for the purposes of subsections (2)(b) and (8)(b) b above whether a company could have used the income consisting of the distribution in question to frank a distribution of the company, the company shall be taken to use its actual franked investment income to frank distributions before using the income consisting of the distribution in question.
- (11) References in this section to using franked investment income to frank a distribution of a company have the same meaning as in Chapter V of Part VI.
- (12) In this section—
- “*arrangements*” means arrangements of any kind, whether in writing or not (and includes a series of arrangements, whether or not between the same parties);
- “*business or other commercial purposes*” includes the efficient management of investments;
- “*franked investment income*” has the same meaning as in Chapter V of Part VI and references to income consisting of a distribution shall be construed accordingly;
- “*tax advantage*” has the meaning given by section 840ZA
#### Section 209(3AA): link to shares of company or associated company
##### 234A
- (1) This section applies where dividend or interest is distributed by a company which is—
- (a) a company within the meaning of the Companies Act 1985 or the Companies (Northern Ireland) Order 1986, or
- (b) a company created by letters patent or by or in pursuance of an Act.
- (2) If the company makes a payment of dividend or interest to any person, and subsection (3) below does not apply, within a reasonable period the company shall send an appropriate statement to that person.
- (3) If the company makes a payment of dividend or interest into a bank or building society account held by any person, within a reasonable period the company shall send an appropriate statement to either—
- (a) the bank or building society concerned, or
- (b) the person holding the account.
- (4) In a case where—
- (a) a statement is received by a person under subsection (2) or (3)(b) above,
- (b) the whole or part of the sum concerned is paid to or on behalf of the person as nominee for another person, and
- (c) the nominee makes a payment of the sum or part to the other person and subsection (5) below does not apply,
within a reasonable period the nominee shall send an appropriate statement to that person.
- (5) In a case where—
- (a) a statement is received by a person under subsection (2) or (3)(b) above,
- (b) the whole or part of the sum concerned is paid to or on behalf of the person as nominee for another person, and
- (c) the nominee makes a payment of the sum or part into a bank or building society account held by the other person,
within a reasonable period the nominee shall send an appropriate statement to either the bank or building society concerned or the other person.
- (6) In the case of a payment of interest which is not a qualifying distribution or part of a qualifying distribution, references in this section to an appropriate statement are to a written statement showing—
- (a) the gross amount which, after deduction of the income tax appropriate to the interest, corresponds to the net amount actually paid,
- (b) the rate and the amount of income tax appropriate to such gross amount,
- (c) the net amount actually paid, and
- (d) the date of the payment.
- (7) In the case of a payment of dividend or interest which is a qualifying distribution or part of a qualifying distribution, references in this section to an appropriate statement are to a written statement showing—
- (a) the amount of the dividend or interest paid,
- (b) the date of the payment, and
- (c) the amount of the tax credit to which a person is entitled in respect of the dividend or interest, or to which a person would be so entitled if he had a right to a tax credit in respect of the dividend or interest.
- (8) In this section “*send*” means send by post.
- (8A) In this section “*bank*” has the meaning given by section 840A.
- (9) If a person fails to comply with subsection (2), (3), (4) or (5) above, the person shall incur a penalty of £60 in respect of each offence, except that the aggregate amount of any penalties imposed under this subsection on a person in respect of offences connected with any one distribution of dividends or interest shall not exceed £600.
- (10) The Board may by regulations provide that where a person is under a duty to comply with subsection (2), (3), (4) or (5) above, the person shall be taken to comply with the subsection if the person either—
- (a) acts in accordance with the subsection concerned, or
- (b) acts in accordance with rules contained in the regulations;
and subsection (9) above shall be construed accordingly.
- (11) Regulations under subsection (10) above may make different provision for different circumstances.
##### 245A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 245B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Chapter VA — Foreign Income Dividends
### Election by company paying dividend
#### Taxation of certain recipients of distributions and in respect of non-qualifying distributions.
##### 246A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 246B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Recipient of foreign income dividend
##### 246C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 246D
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Companies: payments and receipts
##### 246E
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 246F
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 246G
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 246H
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Foreign source profit and distributable foreign profit
##### 246I
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Matching of dividend with distributable foreign profit
##### 246J
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 246K
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 246L
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 246M
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Repayment or set-off of advance corporation tax
##### 246N
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 246P
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 246Q
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##### 246R
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### International headquarters companies
##### 246S
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 246T
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 246U
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 246V
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 246W
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Adjustments
##### 246X
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Application of this Chapter
##### 246Y
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Taxation of certain recipients of distributions and in respect of non-qualifying distributions.
### Approved share incentive plans
##### 251A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 251B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 251C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Further interpretation of sections 135 to 139.
##### 251D
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##### 256A
- (1) For the purposes of this Chapter an individual's adjusted net income for a year of assessment is calculated as follows.
*Step 1*
Take the amount of the individual's net income for the year of assessment.
*Step 2*
If in the year of assessment the individual makes, or is treated under section 426 of ITA 2007 as making, a gift that is a qualifying donation for the purposes of Chapter 2 of Part 8 of that Act (gift aid) deduct the grossed up amount of the gift.
*Step 3*
If the individual is given relief in accordance with section 192 of FA 2004 (relief at source) in respect of any contribution paid in the year of assessment under a pension scheme, deduct the gross amount of the contribution.
*Step 4*
Add back any relief under section 266 of this Act given by virtue of subsection (7) of that section (payments for life insurance etc) that was deducted in calculating the individual's net income for the year of assessment.
The result is the individual's adjusted net income for the year of assessment.
- (2) The grossed up amount of a gift is the amount of the gift grossed up by reference to the basic rate for the year of assessment.
- (3) The gross amount of a contribution is the amount of the contribution before deduction of tax under section 192(1) of FA 2004.
##### 256B
In this Chapter “*the minimum amount*” means £2,350.
##### 257AA
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 257A
- (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2) If the claimant is, for the whole or any part of the year of assessment, a married man whose wife is living with him and whose marriage was entered into before 5th December 2005, and either of them was born before 6th April 1935, he shall (subject to subsection (3A) below) be entitled for that year to a tax reduction calculated by reference to £2,665 . . . .
- (3) If the claimant is, for the whole or any part of the year of assessment, a married man whose wife is living with him and whose marriage was entered into before 5th December 2005, and either of them
- (a) is at any time within that year of the age of 75 or upwards, and
- (b) was born before 6th April 1935,
he shall (subject to subsection (3A) below) be entitled for that year to a tax reduction calculated by reference to £2,705 (instead of to the reduction provided for by subsection . . . (2) above).
- (3A) Subsections (2) and (3) above shall not apply in relation to the claimant for any year of assessment if an election made by the claimant and his wife under section 257AB(1)(c) has effect for that year.
- (4) For the purposes of subsection (3) above a person who would have been of or over the age of 75 within the year of assessment if he had not died in the course of it shall be treated as having been of that age within that year.
- (5) In relation to a claimant whose adjusted net income for the year of assessment exceeds £12,300, subsections (2) and (3) above shall apply as if the amounts specified in them were reduced by—
- (a) one half of the excess, less
- (b) any reduction made in his allowance under section 257 by virtue of subsection (5) of that section,
. . .
- (5A) The amounts specified in subsections (2) and (3) above shall not by virtue of subsection (5) above be treated as reduced below the minimum amount.
- (6) A man shall not be entitled by virtue of this section to more than one tax reduction for any year of assessment; and in relation to a claim by a man who becomes married in the year of assessment and has not previously in the year been entitled to relief under this section, this section shall have effect as if the amounts specified in subsections (2) and (3) above were reduced by one twelfth for each month of the year ending before the date of the marriage.
- In this subsection “*month*” means a month beginning with the 6th day of a month of the calendar year.
- (6A) A tax reduction under this section is given effect at Step 6 of the calculation in section 23 of ITA 2007.
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 257AB
- (1) This section applies if —
- (a) the claimant is, for the whole or any part of the year of assessment, living with his spouse or civil partner,
- (b) either the claimant or his spouse or civil partner was born before 6th April 1935,
- (c) the marriage or civil partnership was entered into on or after 5th December 2005 or, if the marriage was entered into before that date, an election for this section to apply has effect for that year, and
- (d) the claimant's net income for that year exceeds that of his spouse or civil partner or, if they have the same amount of net income for that year, the claimant is specified in an election as the person to be entitled to relief under this section for that year.
- (2) The claimant shall be entitled for that year to a tax reduction—
- (a) calculated by reference to £5,975 (if either the claimant or his spouse or civil partner is at any time within that year of the age of 75 or upwards), or
- (b) calculated by reference to £5,905 (in any other case).
- (3) For the purposes of subsection (2)(a) above an individual who would have been of or over the age of 75 within the year of assessment if he had not died in the course of it shall be treated as having been of that age within that year.
- (4) In relation to a claimant whose adjusted net income for the year of assessment exceeds £19,500, subsection (2) above applies as if the amounts specified in it were reduced by—
- (a) one half of the excess, less
- (b) any reduction made in his allowance under section 257 by virtue of subsection (5) of that section.
- (5) The amounts specified in subsection (2) above shall not by virtue of subsection (4) above be treated as reduced below the minimum amount.
- (6) An individual shall not be entitled by virtue of this section to more than one tax reduction for any year of assessment.
- (7) In relation to a claim by an individual who —
- (a) becomes a spouse or civil partner in the year of assessment, and
- (b) has not previously in the year been entitled to relief under this section,
this section shall have effect as if the amounts specified in subsection (2) above were reduced by one twelfth for each month of the year ending before the date of the marriage or civil partnership.
- In this subsection “*month*” means a month beginning with the 6th day of a month of the calendar year.
- (8) An election under subsection (1)(c) —
- (a) shall be made jointly by the parties to the marriage,
- (b) shall be made before the first year of assessment for which it is to have effect,
- (c) shall have effect for that and each succeeding year of assessment for which any party to the marriage is entitled to relief under this section, and
- (d) shall be irrevocable.
- (9) An election under subsection (1)(d) —
- (a) shall be made jointly by the parties to the marriage or civil partnership, and
- (b) shall be made on or before the 5th anniversary of the 31st January next following the end of the year of assessment to which the election relates.
- (10) A tax reduction under this section is given effect at Step 6 of the calculation in section 23 of ITA 2007.
#### Credit-tokens.
##### 257BA
- (1) An individual may elect that for any year of assessment for which the individual's spouse or civil partner is entitled to a tax reduction under section 257A or 257AB—
- (a) the individual shall be entitled (on making a claim) to a tax reduction calculated by reference to half the minimum amount, and
- (b) the spouse or civil partner's appropriate amount shall be reduced by half the minimum amount.
- (2) An individual and the individual's spouse or civil partner may jointly elect that for any year of assessment for which the individual is entitled to a tax reduction under section 257A or 257AB—
- (a) the individual's spouse or civil partner shall be entitled (on making a claim) to a tax reduction calculated by reference to the minimum amount, and
- (b) the individual's appropriate amount shall be reduced by the minimum amount.
- (3) An individual may elect that for any year of assessment for which the individual's spouse or civil partner is entitled to a tax reduction by virtue of an election under subsection (2) above—
- (a) the individual shall be entitled (on making a claim) to a tax reduction calculated by reference to half the minimum amount (in addition to any tax reduction to which the individual is already entitled under section 257A or 257AB), and
- (b) the tax reduction to which the spouse or civil partner is entitled by virtue of that election shall be calculated by reference to half the minimum amount (instead of by reference to the minimum amount).
- (3A) In this section “*the appropriate amount*” means the amount by reference to which the calculation of the tax reduction is to be made.
- (4) An election under this section shall be made by giving notice to the inspector in such form as the Board may determine and—
- (a) subject to subsections (5) and (7) below, shall be made before the first year of assessment for which it is to have effect, and
- (b) shall have effect for that and each succeeding year of assessment for which the individual concerned is entitled to relief under section 257A or 257AB, subject to its withdrawal under subsection (8) below or a subsequent election under this section.
- (5) An election may be made during the first year of assessment for which it is to have effect if that is the year of assessment in which the marriage or civil partnership takes place.
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (7) An election may be made within the first thirty days of the first year of assessment for which it is to have effect if before that year the inspector has been given written notification that it is intended to make the election.
- (8) The person or persons by whom an election was made may withdraw it by giving notice to the inspector in such form as the Board may determine; but the withdrawal shall not have effect until the year of assessment after the one in which the notice is given.
- (9) An individual shall not be entitled by virtue of an election under this section to more than one tax reduction for any year of assessment.
- (10) A tax reduction under this section is given effect at Step 6 of the calculation in section 23 of ITA 2007.
##### 257BB
- (1) Where—
- (a) an individual is entitled to a tax reduction under section 257A or 257AB, but
- (b) the amount of the tax reduction to which the individual is entitled is greater than the individual's comparable tax liability,
the individual's spouse or civil partner shall be entitled (in addition to any tax reduction to which that spouse or civil partner is entitled by virtue of an election under section 257BA) to a tax reduction equal to the unused part of the individual's MCA tax reductions.
- (1A) The individual's MCA tax reductions are the sum of—
- (a) the tax reduction to which the individual is entitled under section 257A or 257AB, and
- (b) any tax reduction to which the individual is entitled by virtue of an election under section 257BA(3).
- (1B) The unused part of the individual's MCA tax reductions is equal to—
- (a) the individual's MCA tax reductions, less
- (b) the individual's comparable tax liability.
- (2) Subsection (1) above shall not apply for a year of assessment unless the claimant’s spouse or civil partner gives notice to the inspector that it is to apply.
- (3) Where—
- (a) an individual is entitled to a tax reduction by virtue of an election under section 257BA, but
- (b) the amount of the tax reduction to which the individual is entitled is greater than the individual's comparable tax liability,
the individual's spouse or civil partner shall be entitled (in addition to any tax reduction to which that spouse or civil partner is entitled by virtue of section 257A or 257AB) to a tax reduction equal to the unused part of the individual's tax reduction.
- (3AA) The unused part of the individual's tax reduction is equal to—
- (a) the tax reduction to which the individual is entitled by virtue of the election under section 257BA, less
- (b) the individual's comparable tax liability.
- (3A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) Subsection (3) above shall not apply for a year of assessment unless the claimant’s spouse or civil partner gives notice to the inspector that it is to apply.
- (5) Any notice under subsection (2) or (4) above—
- (a) shall be given on or before the fifth anniversary of the 31st January next following the end of the year of assessment to which it relates,
- (b) shall be in such form as the Board may determine, and
- (c) shall be irrevocable.
- (5A) For the purposes of this section, the comparable tax liability of an individual is the amount of the individual's tax left after Step 6 of the calculation in section 23 of ITA 2007, making that calculation with the modifications set out in subsections (5B) and (5C).
- (5B) In making that calculation, do not deduct any tax reduction under—
- (a) section 788 (double taxation arrangements: relief by agreement), or
- (b) section 790(1) (relief for foreign tax where there are no double taxation arrangements).
- (5C) If the individual's entitlement to a tax reduction under section 257A, 257AB, 257BA or this section is extinguished under section 423(4) of ITA 2007 (gift aid: restriction of reliefs) to any extent, deduct from the amount calculated in accordance with subsections (5A) and (5B) the amount by which the tax reduction is reduced.
- (5D) For the purposes of this section a person is treated as being entitled to a tax reduction under section 788 if the person is entitled to credit against income tax under arrangements which have effect under that section.
- (5E) A tax reduction under this section is given effect at Step 6 of the calculation in section 23 of ITA 2007.
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 257B
- (1) Where—
- (a) a man is entitled to relief under section 257A, but
- (b) the amount which he is entitled to deduct from his total income by virtue of that section exceeds what is left of his total income after all other deductions have been made from it,
his wife shall be entitled to a deduction from her total income of an amount equal to the excess.
- (2) In determining for the purposes of subsection (1)(b) above the amount that is left of a person’s total income for a year of assessment after other deductions have been made from it, there shall be disregarded any deduction made—
- (a) on account of any payments of relevant loan interest which become due in that year and to which section 369 applies, or
- (b) under section 289 or
- (c) on account of any payments to which section 593(2) or 639(3) applies,or
- (d) on account of any payments to which section 54(5) of the Finance Act 1989 applies.
, or
- (e) on account of any payments to which section 32(4) of the Finance Act 1991 applies.
- (3) This section shall not apply for a year of assessment unless the claimant’s husband has given to the inspector written notice that it is to apply; and any such notice—
- (a) shall be given not later than six years after the end of the year of assessment to which it relates,
- (b) shall be in such form as the Board may determine, and
- (c) shall be irrevocable.
##### 257C
- (1) If the retail prices index for the month of September preceding a year of assessment is higher than it was for the previous September, then, unless Parliament otherwise determines, sections 256B, 257. . . , 257A and 257AB shall apply for that year as if for each amount specified in them as they applied for the previous year (whether by virtue of this section or otherwise) there were substituted an amount arrived at by increasing the amount for the previous year by the same percentage as the percentage increase in the retail prices index, and—
- (a) if in the case of an amount specified in sections 257(5) , 257A(5) and 257AB(4) the result is not a multiple of £100, rounding it up to the nearest amount which is such a multiple;
- (b) if in the case of any other amount the increase is not a multiple of £10, rounding the increase up to the nearest amount which is such a multiple.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2A) Subsection (1) above shall not require any change to be made in the amounts deductible or repayable under PAYE regulations during the period beginning with 6th April and ending with 17th May in the year of assessment.
- (3) The Treasury shall in each year of assessment make an order specifying the amounts which by virtue of subsection (1) above will be treated as specified for the following year of assessment in sections 256B, 257. . . , 257A and 257AB.
- (4) *This section shall have effect in relation to reliefs for the year* 1990-91 (*as well as for later years*);*and for that purpose it shall be assumed that sections* 257*and* 257A*applied for the year* 1989-90*as they apply, apart from this section, for the year* 1990-91.
##### 257D
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##### 257E
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 257F
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 261A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 266A
- (1) This section applies if—
- (a) pursuant to an employer-financed retirement benefits scheme, the employer in any year of assessment pays a sum with a view to the provision of any relevant benefits for or in respect of any employee of that employer, and
- (b) the payment is made under such an insurance or contract as is mentioned in section 266.
This section applies whether or not the accrual of the relevant benefits is dependent on any contingency.
- (2) Relief, if not otherwise allowable, shall be given to that employee under section 266 in respect of the payment to the extent, if any, to which such relief would have been allowable to him if—
- (a) the payment had been made by him, and
- (b) the insurance or contract under which the payment is made had been made with him.
- (3) For the purposes of subsection (1)(a) benefits are provided in respect of an employee if they are provided for the employee’s spouse, widow or widower, children, dependants or personal representatives.
- (4) If a sum within subsection (1) is paid with a view to the provision of benefits for or in respect of more than one employee of the employer, part of it is to be treated as paid for or in respect of each of them.
- (5) The amount treated as paid for or in respect of each employee is—
$$A×BC$where—A is the sum paid,B is the amount which would have had to be paid to secure the benefits to be provided for or in respect of the employee in question, andC is the total amount which would have had to be paid to secure the benefits to be provided for or in respect of all the employees if separate payments had been made in the case of each of them.$
- (6) This section does not apply if—
- (a) in the year of assessment in which the sum is paid the earnings from the employee’s employment are (or, if there are none, would be if there were any) earnings charged on remittance, or
- (b) the employee is not domiciled in the United Kingdom in the tax year in which the sum is paid and the conditions in subsection (7) are met.
- (7) Those conditions are—
- (a) that the employment is with a foreign employer, and
- (b) that, on a claim made by the employee, the Board are satisfied that the pension scheme corresponds to a registered pension scheme.
- (8) In subsection (6)(a) “*earnings charged on remittance*” means earnings which are taxable earnings under—
- (a) section 22 of ITEPA 2003 (chargeable overseas earnings for year when employee resident and ordinarily resident, but not domiciled, in UK), or
- (b) section 26 of that Act (foreign earnings for year when employee resident, but not ordinarily resident, in UK).
- (9) In this section—
- “*employer-financed retirement benefits scheme*”, and
- “*relevant benefits*”,
- have the same meaning as in Chapter 2 of Part 6 of ITEPA 2003 (see sections 393A and 393B of that Act).
#### Supplementary provisions.
##### 282A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 282B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Further interpretation of sections 135 to 139.
##### 289A
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##### 289B
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##### 290A
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#### Credit-tokens.
##### 291A
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##### 291B
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##### 299A
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##### 299B
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##### 300A
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##### 301A
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##### 303AA
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#### Conditional acquisition of shares.
##### 303A
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#### Further interpretation of sections 135 to 139.
##### 304A
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##### 305A
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#### Provisions supplementary to section 138.
#### Approved profit sharing schemes.
##### 326A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 326B
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##### 326BB
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##### 326C
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##### 326D
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##### 327A
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#### Relief for contributions in respect of share option gains.
##### 329AA
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 329AB
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##### 329A
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##### 329B
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##### 329C
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##### 331A
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##### 332A
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##### 333A
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##### 333B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 338B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 337A
- (1) For the purposes of corporation tax, subject to any provision of the Corporation Tax Acts expressly authorising a deduction—
- (a) a company’s profits shall be computed without any deduction in respect of dividends or other distributions, and
- (b) a company’s income from any source shall be computed without any deduction in respect of charges on income.
- (2) In computing a company’s income from any source for the purposes of corporation tax—
- (a) no deduction shall be made in respect of interest except in accordance with Chapter 2 of Part 4 of the Finance Act 1996 (loan relationships); and
- (b) no deduction shall be made in respect of losses from intangible fixed assets within Schedule 29 to the Finance Act 2002 except in accordance with that Schedule.
##### 338A
- (1) This section defines what payments or other amounts are “*charges on income*” for the purposes of corporation tax.
This section has effect subject to any express exceptions in the Corporation Tax Acts.
- (2) Subject to the following provisions of this section, the following (and only the following) are charges on income—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) qualifying donations within the meaning of section 339 (qualifying donations to charity);
- (c) amounts allowed as charges on income under section 587B(2)(a)(ii) (gifts of shares etc to charity).
- (3) No payment that is deductible in computing profits or any description of profits for the purposes of corporation tax shall be treated as a charge on income.
- (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 339A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 342A
- (1) In this section—
- (a) references to the relevant event, in relation to a company in administration, are references—
- (i) to the administrator sending a notice in respect of the company under paragraph 84(1) of Schedule B1 to the Insolvency Act 1986 (company moving from administration to dissolution), or
- (ii) in the case of a company which enters administration otherwise than under that Act, to the doing of any other act for a like purpose, and
- (b) references to a company’s final year are references to the financial year in which the relevant event occurs, and references to the company’s penultimate year are references to the last financial year preceding its final year.
- (2) Subject to subsections (3) and (4)—
- (a) corporation tax shall be charged on the profits of the company arising in the administration in its final year at the rate of corporation tax fixed or proposed for the penultimate year, but
- (b) where the corporation tax charged on the company’s income included in those profits falls to be calculated or reduced in accordance with section 13, it shall be so calculated or reduced in accordance with such rate or fraction fixed or proposed for the penultimate year as is applicable under that section.
- (3) If, before the relevant event, any of the rates or fractions mentioned in subsection (2) has been fixed or proposed for the final year, that subsection shall have effect in relation to that rate or fraction as if for the references to the penultimate year there were substituted references to the final year.
- (4) If, in the case of the company’s final accounting period, the income (if any) which consists of interest received or receivable by the company under section 826 does not exceed £2,000, that income shall not be subject to corporation tax.
- (5) In subsection (4) “*the company’s final accounting period*” means the last accounting period of the company before the relevant event.
- (6) An assessment on the company’s profits for an accounting period in which the company is in administration shall not be invalid because made before the end of the accounting period.
- (7) In making an assessment after the company enters administration and before the date of the relevant event, the administrator may act on an assumption as to when that date will fall so far as it governs section 12(3).
- (8) The assumption of the wrong date shall not alter the company’s final and penultimate year and, if the right date is later—
- (a) an accounting period shall end on the date assumed and a new accounting period shall begin, and
- (b) thereafter, section 12(3) shall apply as if the company had entered administration at the beginning of that new accounting period.
- (9) Subsections (7) and (9) of section 342 apply in relation to this section as they apply in relation to that section, except that in subsection (7) of that section the reference to the completion of the winding up is to be read as a reference to the relevant event.
- (10) Where the company entered administration before its final year, paragraphs (a) and (b) of subsection (2) (but not subsection (3)) apply in relation to the company’s profits arising at any time in its penultimate year.
#### Foreign pensions.
#### P.A.Y.E.: meaning of payment.
##### 343ZA
- (1) This section applies where—
- (a) a company (“the predecessor”) ceases to carry on a trade,
- (b) another company (“*the successor*”) begins to carry on the activities of that trade as its trade or as part of its trade,
- (c) in the accounting period in which the predecessor ceases to carry on the trade the predecessor would (apart from this section) be entitled under Part 2 of the Capital Allowances Act to a balancing allowance in respect of the trade, and
- (d) the predecessor's ceasing to carry on the trade is part of a scheme or arrangement the main purpose, or one of the main purposes, of which is to entitle the predecessor to that balancing allowance.
- (2) This section also applies where—
- (a) a company (“the predecessor”) ceases to carry on part of a trade,
- (b) another company (“*the successor*”) begins to carry on the activities of that part of the trade as its trade or as part of its trade, and
- (c) the predecessor's ceasing to carry on the part of the trade mentioned in paragraph (a) is part of a scheme or arrangement the main purpose, or one of the main purposes, of which is to entitle the predecessor, on cessation of the trade, to a balancing allowance in respect of the trade under Part 2 of the Capital Allowances Act.
- (3) This section does not apply where section 343 applies.
- (4) Where this section applies, the Corporation Tax Acts have effect subject to section 343(2), but as if the words “and are subject to section 343A (company reconstructions involving business of leasing plant or machinery)” were omitted.
- (5) Where this section applies because of subsection (1), and the successor carries on the activities of the trade the predecessor ceased to carry on as part of the successor's trade, for the purposes of section 343(2) that part of the successor's trade is to be treated as a separate trade carried on by the successor.
- (6) Where this section applies because of subsection (2), for the purposes of section 343(2)—
- (a) that part of the trade which the predecessor ceased to carry on is to be treated as a separate trade carried on by the predecessor, and
- (b) where the successor carries on the activities of that part of the trade as part of its trade, that part of the successor's trade is to be treated as a separate trade carried on by the successor.
- (7) Where subsection (5) or (6) applies, such apportionment of receipts, expenses, assets and liabilities is to be made as may be just.
- (8) Section 343(10) applies to an apportionment under subsection (7) as it applies to an apportionment under section 343(9).
##### 343A
- (1) This section applies if the trade is or forms part of a business of leasing plant or machinery which the predecessor or the successor carries on on the day of cessation.
- (2) If, on the day of cessation, both the predecessor and the successor carry on the trade otherwise than in partnership, section 343(2) does not apply unless—
- (a) the principal company or companies of the predecessor immediately before the cessation are the same as the principal company or companies of the successor immediately afterwards, and
- (b) if any such principal company is a consortium principal company, the relevant fraction in relation to the predecessor immediately before the cessation is the same as the relevant fraction in relation to the successor immediately afterwards (irrespective of whether the members of each consortium are the same).
- (3) If, on the day of cessation, the predecessor or the successor carries on the trade in partnership, section 343(2) does not apply unless—
- (a) the predecessor ceases to carry on the whole of its trade, and
- (b) that trade is a business of leasing plant or machinery which the predecessor carries on in partnership on the day of cessation.
- (4) In any case where section 343(2) does not apply as a result of this section, the plant or machinery belonging to the trade shall be treated for the purposes of the Corporation Tax Acts as sold by the predecessor to the successor on the day of the cessation for an amount equal to its market value as at that day.
- (5) In this section—
- “business of leasing plant or machinery”—has the same meaning as in Part 2 of Schedule 10 to the Finance Act 2006 (sale etc of lessor companies etc) (if the business is carried on otherwise than in partnership), andhas the same meaning as in Part 3 of that Schedule (if the business is carried on in partnership),
- “*consortium principal company*” means a company which is a principal company as a result of paragraph 12 of that Schedule,
- “*market value*”, in relation to plant or machinery, is to be construed in accordance with paragraph 41(8) of that Schedule,
- “*plant or machinery*” has the same meaning as in Part 2 of the Capital Allowances Act,
- “*principal company*” is to be construed in accordance with paragraph 11 or (as the case may be) 12 of Schedule 10 to the Finance Act 2006, and
- “*relevant fraction*” has the same meaning as in paragraph 12 of that Schedule.
#### Provisions supplementary to section 138.
#### Application of lower rate to company distributions.
#### Section 209(3AA): link to shares of company or associated company
##### 347A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 347B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### No tax credit for borrower under stock lending arrangement or interim holder under repurchase agreement.
##### 349ZA
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##### 349A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Information relating to distributions.
##### 349B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 349C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 349D
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##### 349E
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##### 350A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 356A
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##### 356B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 356C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 356D
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Information relating to distributions.
##### 357A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 357B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 357C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 360A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Procedure for making election.
#### Returns.
##### 367A
- (1) Sections 353 and 365 have effect as if—
- (a) purchase and resale arrangements involved the making of a loan, and
- (b) alternative finance return were interest.
- (2) Section 366 has effect accordingly.
- (3) In this section—
- “*alternative finance return*” has the meaning given in sections 564I to 564L of ITA 2007, and
- “*purchase and resale arrangements*” means arrangements to which section 564C of ITA 2007 applies.
#### Interpretation of Part VI.
##### 374A
- (1) This section applies where, in the case of any loan, interest on the loan never has been relevant loan interest or the borrower never has been a qualifying borrower.
- (2) Without prejudice to subsection (3) below, in relation to a payment of interest—
- (a) as respects which either of the conditions mentioned in paragraphs (a) and (b) of section 374(1) is fulfilled, and
- (b) from which a deduction was made as mentioned in section 369(1),
section 369 shall have effect as if the payment of interest were a payment of relevant loan interest made by a qualifying borrower.
- (3) Nothing in subsection (2) above shall be taken as regards the borrower as entitling him to make any deduction or to retain any amount deducted and, accordingly, where any amount has been deducted, he shall be liable to make good that amount and an officer of the Board may make such assessments as may in his judgment be required for recovering that amount.
- (4) The Management Act shall apply to an assessment under subsection (3) above as if it were an assessment to income tax for the year of assessment in which the deduction was made . . . .
- (5) If the borrower fraudulently or negligently makes any false statement or representation in connection with the making of any deduction, he shall be liable to a penalty not exceeding the amount deducted.
##### 375A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 376A
- (1) The Board shall maintain, and publish in such manner as they consider appropriate, a register for the purposes of section 376(4).
- (1A) The following are entitled to be registered—
- (a) a person who has permission under Part 4 of the Financial Services and Markets Act 2000—
- (i) to accept deposits; or
- (ii) to effect or carry out contracts of general insurance;
- (b) a 90 per cent subsidiary of a person mentioned in—
- (i) section 376(4)(e); or
- (ii) paragraph (a) above;
- (c) any other body whose activities and objects appear to the Board to qualify it for registration.
- (2) If the Board are satisfied that an applicant for registration is entitled to be registered, they may register the applicant generally or in relation to any description of loan specified in the register, with effect from such date as may be so specified; and a body which is so registered shall become a qualifying lender in accordance with the terms of its registration.
- (3) The registration of any body may be varied by the Board—
- (a) where it is general, by providing for it to be in relation to a specified description of loan, or
- (b) where it is in relation to a specified description of loan, by removing or varying the reference to that description of loan,
and where they do so, they shall give the body written notice of the variation and of the date from which it is to have effect.
- (4) If it appears to the Board at any time that a body which is registered under this section would not be entitled to be registered if it applied for registration at that time, the Board may by written notice given to the body cancel its registration with effect from such date as may be specified in the notice.
- (5) The date specified in a notice under subsection (3) or (4) above shall not be earlier than the end of the period of 30 days beginning with the date on which the notice is served.
- (6) Any body which is aggrieved by the failure of the Board to register it under this section, or by the variation or cancellation of its registration, may, by notice given to the Board before the end of the period of 30 days beginning with the date on which the body is notified of the Board’s decision, require the matter to be determined by the Special Commissioners; and the Special Commissioners shall thereupon hear and determine the matter in like manner as an appeal.
### Losses from UK property business or overseas property business
##### 379A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 379B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Meaning of “adjusted net income”
##### 384A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Losses from Schedule A business or overseas property business
##### 392A
- (1) Where a company incurs a Schedule A loss in an accounting period, the loss shall be set off for the purposes of corporation tax against the company’s total profits for that period.
- (2) To the extent that a company’s Schedule A loss cannot be set off under subsection (1), it shall, if the company continues to carry on the Schedule A business in the succeeding accounting period, be carried forward to that period and be treated for the purposes of this section as a Schedule A loss of that period.
- (3) Where a company with investment business—
- (a) ceases to carry on a Schedule A business, but
- (b) continues to be a company with investment business,
any Schedule A loss that cannot be used under the preceding provisions shall be carried forward to the succeeding accounting period and be treated for the purposes of section 75 as if it were expenses of management deductible for that period.
- (4) In this section—
- (a) a “*Schedule A loss*” means a loss incurred by a company in a Schedule A business carried on by it; and
- (b) “*company with investment business*” has the same meaning as in Part IV.
- (5) The preceding provisions of this section apply to a Schedule A business only to the extent that it is carried on—
- (a) on a commercial basis, or
- (b) in the exercise of statutory functions.
- (6) For the purposes of subsection (5)(a)—
- (a) a business or part is not carried on on a commercial basis unless it is carried on with a view to making a profit, but if it is carried on so as to afford a reasonable expectation of profit it is treated as carried on with a view to making a profit; and
- (b) if there is a change in the manner in which a business or part is carried on, it is treated as having been carried on throughout an accounting period in the way in which it was being carried on by the end of the period.
- (7) In subsection (5)(b) “*statutory functions*” means functions conferred by or under any enactment (including an enactment contained in a local or private Act).
##### 392B
- (1) Where in any accounting period a company incurs a loss in an overseas property business (whether carried on by it solely or in partnership)—
- (a) the loss shall be carried forward to the succeeding accounting period and set against any profits of the business for that period,
- (b) if there are no profits of the business for that period, or if the profits for that period are exceeded by the amount of the loss, the loss or the remainder of it shall be carried forward again and set against any profits of the business for the next succeeding accounting period,
and so on.
- (2) Subsections (5) to (7) of section 392A apply in relation to relief under subsection (1) above and an overseas property business as they apply in relation to relief under section 392A(1) to (3) and a Schedule A business.
##### 393A
- (1) Subject to section 492(3), where in any accounting period ending on or after 1st April 1991 a company carrying on a trade incurs a loss in the trade, then, subject to subsection (3) below, the company may make a claim requiring that the loss be set off for the purposes of corporation tax against profits (of whatever description)—
- (a) of that accounting period, and
- (b) if the company was then carrying on the trade and the claim so requires, of preceding accounting periods falling wholly or partly within the period specified in subsection (2) below;
and, subject to that subsection and to any relief for an earlier loss, the profits of any of those accounting periods shall then be treated as reduced by the amount of the loss, or by so much of that amount as cannot be relieved under this subsection against profits of a later accounting period.
- (2) The period referred to in paragraph (b) of subsection (1) is (subject to subsection (2A) below) the period of twelve months immediately preceding the accounting period in which the loss is incurred; but the amount of the reduction that may be made under that subsection in the profits of an accounting period falling partly before the beginning of that period shall not exceed a part of those profits proportionate to the part of the accounting period falling within that period.
- (2A) This section shall have effect in relation to any loss to which this subsection applies as if, in subsection (2) above, the words “three years” were substituted for the words “twelve months”.
- (2B) Where a company ceases to carry on a trade at any time, subsection (2A) above applies to the following—
- (a) the whole of any loss incurred in that trade by that company in an accounting period beginning twelve months or less before that time; and
- (b) the part of any loss incurred in that trade by that company in an accounting period ending, but not beginning, in that twelve months which is proportionate to the part of that accounting period falling within those twelve months.
- (2C) Where—
- (a) a loss is incurred by a company in a ring fence trade carried on by that company, and
- (b) the accounting period in which the loss is incurred is an accounting period for which an allowance under section 164 of the Capital Allowances Act (abandonment expenditure incurred before cessation of ring fence trade) is made to that company,
subsection (2A) above applies to so much of the amount of that loss not falling within subsection (2B) above as does not exceed the amount of that allowance.
- (3) Subsection (1) above shall not apply to trades falling within Case V of Schedule D; and a loss incurred in a trade in any accounting period shall not be relieved under that subsection unless—
- (a) the trade is one carried on in the exercise of functions conferred by or under any enactment (including an enactment contained in a local or private Act), or
- (b) for that accounting period the trade was being carried on on a commercial basis and with a view to the realisation of gain in the trade or in any larger undertaking of which the trade formed part;
but this subsection is without prejudice to section 397.
- (4) For the purposes of subsection (3) above—
- (a) where at any time a trade is carried on so as to afford a reasonable expectation of gain, it shall be treated as being carried on at that time with a view to the realisation of gain; and
- (b) where in an accounting period there is a change in the manner in which a trade is being carried on, it shall be treated as having throughout the accounting period been carried on in the way in which it was being carried on by the end of that period.
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (7) Subject to subsection (7A) below, where a company ceases to carry on a trade, subsection (9) of section 393 shall apply in computing for the purposes of this section a loss in the trade in an accounting period ending with the cessation, or ending at any time in the twelve months immediately preceding the cessation, as it applies in computing a loss in an accounting period for the purposes of subsection (1) of that section.
- (7A) For the purposes of this section where—
- (a) subsection (7) above has effect for computing the loss for any accounting period, and
- (b) that accounting period is one beginning before the beginning of the twelve months mentioned in that subsection,
the part of that loss that is not the part falling within subsection (2B)(b) above shall be treated as reduced (without any corresponding increase in the part of the loss that does fall within subsection (2B)(b) above) by an amount equal to so much of the aggregate of the charges on income treated as expenses by virtue of subsection (7) above as is proportionate to the part of the accounting period that does not fall within those twelve months.
- (8) Relief shall not be given by virtue of subsection (1)(b) above in respect of a loss incurred in a trade so as to interfere with any relief under section 338 in respect of payments made wholly and exclusively for the purposes of that trade.
- (9) For the purposes of this section—
- (a) the amount of a loss incurred in a trade in an accounting period shall be computed in the same way as trading income from the trade in that period would have been computed;
- (b) “*trading income*” means, in relation to any trade, the income which falls or would fall to be included in respect of the trade in the total profits of the company; and
- (c) references to a company carrying on a trade refer to the company carrying it on so as to be within the charge to corporation tax in respect of it.
- (10) A claim under subsection (1) above may only be made within the period of two years immediately following the accounting period in which the loss is incurred or within such further period as the Board may allow.
- (11) In any case where—
- (a) by virtue of section 165 of the Capital Allowances Act (abandonment expenditure within 3 years of ceasing ring fence trade) the qualifying expenditure of the company for the chargeable period related to the cessation of its ring fence trade is treated as increased by any amount, or
- (b) by virtue of section 416 of that Act (expenditure on restoration within 3 years of ceasing to trade) any expenditure is treated as qualifying expenditure incurred by the company on the last day of trading,
then, in relation to any claim under subsection (1) above to the extent that it relates to an increase falling within paragraph (a) above or to expenditure falling within paragraph (b) above, subsection (10) above shall have effect with the substitution of “five years” for “two years”.
- (12) In this section “*ring fence trade*” has the same meaning as in section 162 of the Capital Allowances Act.
##### 393B
- (1) This section applies if these conditions are met—
- (a) a company makes a claim under section 393A(1) requiring that a loss incurred in a ring fence trade be set off against profits;
- (b) section 393A(2A) applies in relation to that claim (three year set off period) by virtue of—
- (i) section 393A(2B) (loss precedes cessation of trade), or
- (ii) section 393A(2C) (loss arises in year when general decommissioning expenditure incurred); and
- (c) the loss incurred in the ring fence trade that may be set off under section 393A (“L”) exceeds the profits against which L may be set off under section 393A (“P”).
- (2) The profits of the ring fence trade of an accounting period are to be relieved under subsection (3) if that period—
- (a) falls wholly or partly before the three year set off period, and
- (b) ends on or after 17 April 2002.
- (3) Subject to any relief for an earlier loss, those profits of that accounting period shall be treated as reduced by—
- (a) the amount by which L exceeds P, or
- (b) so much of that amount as cannot be relieved under this subsection against profits of the ring fence trade of a later accounting period.
- (4) Subsection (3) is subject to subsection (5) in the case of an accounting period that falls partly (but not wholly) before the three year set off period.
- (5) The amount of the reduction of the profits of the ring fence trade that may be made under subsection (3) shall not exceed a part of those profits proportionate to the part of the accounting period that falls before the three year set off period.
- (6) Subsection (3) is subject to subsection (7) in the case of an accounting period that begins before 17 April 2002 and ends on or after that date.
- (7) The amount of the reduction of the profits of the ring fence trade that may be made under subsection (3) shall not exceed a part of those profits proportionate to the part of the accounting period that falls after 16 April 2002.
- (8) In this section—
- “*ring fence*” has the same meaning as in section 162 of the Capital Allowances Act;
- “*three year set off period*” means the period of three years that applies to the claim under section 393A(1) by virtue of section 393A(2A) and section 393A(2B) or (2C).
#### Children’s tax credit.
##### 403ZA
- (1) For the purposes of section 403 a trading loss means a loss incurred by the surrendering company in the surrender period in carrying on a trade, computed as for the purposes of section 393A(1).
- (2) That section does not apply to a trading loss which would be excluded from section 393A(1) by—
- (a) section 393A(3) (foreign trades and certain trades not carried on with a view to gain), or
- (b) section 397 (farming and market gardening: restriction on loss relief).
- (3) Where a company owned by a consortium—
- (a) has in any relevant accounting period incurred a trading loss, and
- (b) has profits (of whatever description) of that accounting period against which that loss could be set off under section 393A(1),
the amount of the loss available to a member of the consortium on a consortium claim shall be determined on the assumption that the company has made a claim under section 393A(1) requiring the loss to be so set off.
- (4) Where the company mentioned in subsection (3) is a group/consortium company, the amount of the loss available under that subsection shall be determined before any reduction is made under section 405(1) to (3).
##### 403ZB
- (1) For the purposes of section 403 excess capital allowances means capital allowances falling to be made to the surrendering company for the surrender period to the extent that they are to be given effect under section 260 of the Capital Allowances Act (special leasing: excess allowance).
- (2) In determining the amount of the allowances falling to be made for the surrender period, no account shall be taken of any allowances carried forward from an earlier period.
- (3) The amount of the company’s income of the relevant class means its amount before deduction of—
- (a) losses of any other period, or
- (b) capital allowances.
##### 403ZC
- (1) For the purposes of section 403 a non-trading deficit on its loan relationships means a deficit of the surrendering company to which section 83 of the Finance Act 1996 applies.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 403ZD
- (1) References in section 403 to charges on income, Schedule A losses and management expenses shall be construed as follows.
- (2) Charges on income means the aggregate of the amounts paid by the surrendering company in the surrender period by way of charges on income.
- (3) A Schedule A loss means a loss incurred by the surrendering company in the surrender period in a Schedule A business carried on by the company.
It does not include—
- (a) an amount treated as such a loss by section 392A(2) (losses carried forward from earlier period), or
- (b) a loss which would be excluded from section 392A by subsection (5) of that section (certain businesses not carried on with a view to gain).
- (4) Management expenses means the aggregate of the amounts deductible under section 75(1) (expenses of management of company with investment business) by the surrendering company for this period.
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) A non-trading loss on intangible fixed assets means a non-trading loss on intangible fixed assets, within the meaning of Schedule 29 to the Finance Act 2002, for the surrender period.
It does not include so much of any such loss as is attributable to an amount being carried forward under paragraph 35(3) of that Schedule (amounts carried forward from earlier periods).
##### 403ZE
- (1) For the purposes of section 403 the surrendering company’s gross profits of the surrender period means its profits for that period—
- (a) without any deduction in respect of such losses, allowances and other amounts as are mentioned in paragraph (a) or (b) of subsection (1) of that section, and
- (b) without any deduction falling to be made—
- (i) in respect of losses, allowances or other amounts of any other period (whether or not of a description within subsection (1) of that section), or
- (ii) by virtue of section 75(9) or 392A(3) (other amounts carried forward).
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 403A
- (1) The amount which, on a claim for group relief, may be set off against the total profits of the claimant company for an accounting period (“*the claim period*”), and accordingly the amount to which any consent required in respect of that claim may relate, shall not exceed whichever is the smaller of the following amounts—
- (a) the unused part of the surrenderable amount for the overlapping period; and
- (b) the unrelieved part of the claimant company’s total profits for the overlapping period.
- (2) For the purposes of any claim for group relief—
- (a) the unused part of the surrenderable amount for the overlapping period is the surrenderable amount for that period reduced by the amount of any prior surrenders attributable to the overlapping period; and
- (b) the unrelieved part of the claimant company’s total profits for the overlapping period is the amount of its total profits for that period reduced by the amount of any previously claimed group relief attributable to the overlapping period.
- (3) For the purposes of any claim for group relief—
- (a) the surrenderable amount for the overlapping period is so much of the surrenderable amount for the accounting period of the surrendering company to which the claim relates as is attributable, on an apportionment in accordance with section 403B, to the overlapping period;
- (b) the surrenderable amount for an accounting period of the surrendering company is the total amount for that accounting period of the losses and other amounts which (disregarding this section and section 403C) are available in that company’s case for set off by way of group relief; and
- (c) the amount of the claimant company’s total profits for the overlapping period is so much of its total profits for the claim period as is attributable, on an apportionment in accordance with section 403B, to the overlapping period.
- (4) In relation to any claim for group relief (“*the relevant claim*”) the amount of the prior surrenders attributable to the period which is the overlapping period in the case of the relevant claim is equal to the aggregate amount (if any) produced by—
- (a) taking the amount of every claim for group relief (whether a group claim or a consortium claim) which—
- (i) has been made before the relevant claim,
- (ii) was made in respect of the whole or any part of the amount which, in relation to the relevant claim, is the surrenderable amount for the accounting period of the surrendering company to which the claim relates, and
- (iii) has not been withdrawn;
- (b) treating the amount of group relief which (having regard to the provisions of this section) is allowable under each such claim as an amount of relief for the period which is the overlapping period in the case of that claim;
- (c) determining how much of each amount treated in accordance with paragraph (b) above as an amount of relief for a particular period is attributable, on an apportionment in accordance with section 403B, to the period (if any) which is common to both—
- (i) that period; and
- (ii) the period which is the overlapping period in the case of the relevant claim;
and
- (d) aggregating all the amounts determined under paragraph (c) above in respect of the previously made claims.
- (5) In relation to any claim for group relief (“*the relevant claim*”), the amount of previously claimed group relief attributable to the period which is the overlapping period in the case of that claim is the aggregate amount produced by—
- (a) taking the amount of every claim for group relief (whether a group claim or a consortium claim) which—
- (i) has been made before the relevant claim,
- (ii) was a claim to set off an amount by way of group relief against the claimant company’s total profits for the period which, in relation to the relevant claim, is the claim period, and
- (iii) has not been withdrawn;
- (b) treating the amount of group relief which (having regard to the provisions of this section) is allowable under each such claim as an amount of relief for the period which is the overlapping period in the case of that claim;
- (c) determining how much of each amount treated in accordance with paragraph (b) above as an amount of relief for a particular period is attributable, on an apportionment in accordance with section 403B, to the period (if any) which is common to both—
- (i) that period; and
- (ii) the period which is the overlapping period in the case of the relevant claim;
and
- (d) aggregating all the amounts determined under paragraph (c) above in respect of the previously made claims.
- (6) For the purposes of this section the amount of group relief allowable on any claim (“*the finalised claim*”) shall fall to be determined as at the time when that claim ceases to be capable of being withdrawn as if—
- (a) every claim that became incapable of being withdrawn before that time were a claim made before the finalised claim; and
- (b) every claim that remains capable of being withdrawn at that time were a claim made after the finalised claim.
- (7) Subject to subsection (6) above and without prejudice to any power to withdraw and resubmit claims, where (but for this subsection) more than one claim for group relief would be taken for the purposes of subsections (4) and (5) above to have been made at the same time, those claims shall be deemed, instead, to have been made—
- (a) in such order as the company or companies making them may, by notice to any officer of the Board, elect or, as the case may be, jointly elect; and
- (b) if there is no such election, in such order as an officer of the Board may direct.
- (8) In this section “*the overlapping period*”, in relation to a claim for group relief, means (subject to subsection (9) below and section 406(3) and (7)) the period which is common to both—
- (a) the claim period; and
- (b) the accounting period of the surrendering company to which the claim relates.
- (9) For the purposes of this section any time in the period which, in relation to any claim for group relief, is common to both the accounting periods mentioned in subsection (8) above but which is a time when the qualifying conditions were not satisfied—
- (a) shall be treated as not comprised in the period which is the overlapping period in the case of that claim; and
- (b) shall be treated instead, in relation to each of those accounting periods, as if it constituted a part of that accounting period which was not common to both periods.
- (10) For the purposes of subsection (9) above the qualifying conditions are satisfied in relation to any claim for group relief at the following times, that is to say—
- (a) if (or so far as) the claim is a group claim for the surrender of any loss or other amount other than a qualifying overseas loss, whenever the conditions in paragraphs (a) to (c) of section 402(2) are satisfied;
- (ab) if (or so far as) the claim is a group claim for the surrender of a qualifying overseas loss, whenever the condition specified in section 402(2A) is satisfied; and
- (b) if the claim is a consortium claim, whenever the conditions specified in section 402(3) for the making of that claim and the condition specified in section 402(3B) are satisfied in the case of the claimant company and the surrendering company.
- (11) For the purposes of subsection (10) above a “*qualifying overseas loss*” means a loss or other amount that is available for surrender by way of group relief in accordance with sections 403F and 403G and Schedule 18A (relief in respect of overseas losses of non-resident companies).
##### 403B
- (1) Subject to subsection (2) below, where an apportionment falls to be made under section 403A for the purpose of determining how much of an amount for any period (“*the first period*”) is attributable to any other period (“*the second period*”) which comprises the whole or a part of the first period—
- (a) the whole of that amount shall be attributed to the second period if the first and second periods begin and end at the same times; and
- (b) in any other case, the apportionment shall be made on a time basis according to how much of the first period coincides with the second period.
- (2) Where the circumstances of a particular case are such that the making on the time basis mentioned in subsection (1)(b) above of some or all of the apportionments to be made in that case would work in a manner that would be unjust or unreasonable in relation to any person, those apportionments shall be made instead (to the extent only that is necessary in order to avoid injustice and unreasonableness) in such other manner as may be just and reasonable.
##### 403C
- (1) In the case of a consortium claim the amount that may be set off against the total profits of the claimant company is limited by this section.
- (2) Where the claimant company is a member of the consortium, the amount that may be set off against the total profits of that company for the overlapping period is limited to the relevant fraction of the surrenderable amount.
That fraction is whichever is the lowest in that period of the following percentages—
- (a) the percentage of the ordinary share capital of the surrendering company that is beneficially owned by the claimant company;
- (b) the percentage to which the claimant company is beneficially entitled of any profits available for distribution to equity holders of the surrendering company; and
- (c) the percentage to which the claimant company would be beneficially entitled of any assets of the surrendering company available for distribution to its equity holders on a winding-up.
If any of those percentages have fluctuated in that period, the average percentage over the period shall be taken.
- (3) Where the surrendering company is a member of the consortium, the amount that may be set off against the total profits of the claimant company for the overlapping period is limited to the relevant fraction of the claimant company’s total profits for the overlapping period.
That fraction is whichever is the lowest in that period of the following percentages—
- (a) the percentage of the ordinary share capital of the claimant company that is beneficially owned by the surrendering company;
- (b) the percentage to which the surrendering company is beneficially entitled of any profits available for distribution to equity holders of the claimant company; and
- (c) the percentage to which the surrendering company would be beneficially entitled of any assets of the claimant company available for distribution to its equity holders on a winding-up.
If any of those percentages have fluctuated in that period, the average percentage over the period shall be taken.
- (4) In any case where the claimant or surrendering company is a subsidiary of a holding company which is owned by a consortium, for the references in subsection (2) or (3) above to the claimant or surrendering company there shall be substituted references to the holding company.
- (5) Expressions used in this section and in section 403A have the same meanings in this section as in that section.
- (6) Schedule 18 has effect for supplementing this section.
##### 403D
- (1) In determining for the purposes of this Chapter the amounts for any accounting period of the losses and other amounts available for surrender by way of group relief by a non-resident company carrying on a trade in the United Kingdom through a permanent establishment, no loss or other amount shall be treated as so available (but see also subsection (11) below) except in so far as—
- (a) it is attributable to activities of that company the income and gains from which for that period are, or (were there any) would be, brought into account in computing the company’s chargeable profits for that period for corporation tax purposes;
- (b) it is not attributable to activities of the company which are made exempt from corporation tax for that period by any double taxation arrangements; and
- (c) no part of—
- (i) the loss or other amount, or
- (ii) any amount brought into account in computing it,
corresponds to, or is represented in, any amount which, for the purposes of any foreign tax, is (in any period) deductible from or otherwise allowable against non-UK profits of the company or any other person.
- (2) In determining for the purposes of sections 403A and 403C the total profits for an accounting period of a non-resident company, there shall be disregarded—
- (a) amounts not falling to be comprised for corporation tax purposes in the chargeable profits of the company for that accounting period, and
- (b) so far as not falling within paragraph (a) above, any amounts arising from activities which are made exempt from corporation tax for that period by any double taxation arrangements.
- (3) In this section “*non-UK profits*”, in relation to any person, means amounts which—
- (a) are taken for the purposes of any foreign tax to be the amount of the profits, income or gains on which (after allowing for deductions) that person is charged with that tax, and
- (b) are not amounts corresponding to, and are not represented in, the total profits (of that or any other person) for any accounting period,
or amounts taken into account in computing such amounts.
- (4) Subsection (2) above applies for the purposes of subsection (3)(b) above as it applies for the purposes of sections 403A and 403C.
- (5) For the purposes of this section an amount shall not be taken to be an amount which for the purposes of any foreign tax is deductible from or otherwise allowable against any non-UK profits of any person by reason only that it is—
- (a) an amount of profits brought into account for the purpose of being excluded from the profits that are non-UK profits of that person by reference to that foreign tax; or
- (b) an amount brought into account in computing the amount of any profits falling to be so excluded.
- (6) So much of the law of any territory outside the United Kingdom as for the purposes of any foreign tax makes the deductibility of any amount dependent on whether or not it is deductible for tax purposes in the United Kingdom shall be disregarded for the purposes of this section.
- (7) For the purposes of this section activities of a company are made exempt from corporation tax for any period by double taxation arrangements if the effect of any such arrangements is that the income and gains (if any) arising for that period from those activities is to be disregarded in computing the company’s chargeable profits.
- (8) In this section “*double taxation arrangements*” means any arrangements having effect by virtue of section 788.
- (9) In this section “*foreign tax*” means any tax chargeable under the law of any territory outside the United Kingdom which—
- (a) is charged on income and corresponds to United Kingdom income tax; or
- (b) is charged on income or chargeable gains or both and corresponds to United Kingdom corporation tax;
but for the purposes of this section a tax shall not be treated as failing to correspond to income tax or corporation tax by reason only that it is chargeable under the law of a province, state or other part of a country, or is levied by or on behalf of a municipality or other local body.
- (10) In determining for the purposes of this section whether any activities are made exempt from corporation tax for any period by any double taxation arrangements any requirement that a claim is made before effect is given to any provision of the arrangements shall be disregarded.
- (11) Any loss or other amount that is available for surrender by way of group relief in accordance with this section is in addition to any loss or other amount that is so available in accordance with sections 403F and 403G and Schedule 18A (relief in respect of overseas losses of non-resident companies).
##### 403E
- (1) In determining, for the purposes of this Chapter, the amounts for any accounting period of the losses and other amounts available for surrender by way of group relief by any company resident in the United Kingdom (“*the resident company*”), a loss or other amount shall be treated as not so available in so far as it—
- (a) is attributable to an overseas permanent establishment of that company, and
- (b) is a loss or other amount falling within subsection (2) below.
- (2) Subject to subsection (3) below, a loss or other amount attributable to an overseas permanent establishment falls within this subsection if the whole or any part of it is, or represents, an amount which, for the purposes of foreign tax under the law of the territory where that permanent establishment is situated, is (in any period) deductible from or otherwise allowable against non-UK profits of a person other than the resident company.
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) The reference in subsections (1) and (2) above to a loss or other amount attributable to an overseas permanent establishment of a company is a reference to the loss or other amount (if any) that would be surrenderable by that company by way of group relief if the amount surrenderable by that company were computed—
- (a) by reference only to that permanent establishment, and
- (b) by the application in relation to that permanent establishment of principles corresponding in all material respects to those applicable for the purposes of corporation tax to the computation of the equivalent losses or other amounts in the case of the UK permanent establishment of a non-resident company.
- (5) In subsection (4)(b) above the reference to the UK permanent establishment of a non-resident company is a reference to any permanent establishment through which a company which is not resident in the United Kingdom carries on a trade in the United Kingdom.
- (6) References in this section to an overseas permanent establishment of a company are references to any permanent establishment through which that company carries on a trade in a territory outside the United Kingdom.
- (7) In this section “*foreign tax*” and “*non-UK profits*” have the same meaning as in section 403D.
- (8) Where the deductibility of any amount for the purposes of any foreign tax is dependent on whether or not that amount, or a corresponding amount, is deductible for tax purposes in the United Kingdom, this section shall have effect as if that amount were deductible for the purposes of that foreign tax if, and only if, the resident company is treated for the purposes of that tax as resident in the territory where that tax is charged.
##### 403F
- (1) This section has effect for determining for the purposes of this Chapter the extent to which a loss or other amount is available for surrender by way of group relief by a non-resident company—
- (a) which is resident in an EEA territory, or
- (b) which is not so resident but which carries on a trade in an EEA territory through a permanent establishment,
in a case where a group claim may be made as a result of the condition in section 402(2A) being satisfied.
- (2) A loss or other amount is not available for surrender by way of group relief by the non-resident company except in so far as, in relation to the EEA territory, the amount meets—
- (a) the equivalence condition,
- (b) the EEA tax loss condition,
- (c) the qualifying loss condition, and
- (d) the precedence condition.
- (3) Part 1 of Schedule 18A determines, in the case of any amount and any EEA territory, the extent to which those conditions are met.
- (4) In so far as a loss or other amount meets those conditions, Part 2 of Schedule 18A applies—
- (a) for calculating the amount of the loss or other amount (if any) that is available for surrender by way of group relief, and
- (b) otherwise for making provision in relation to the application of this Chapter to the non-resident company.
- (5) This section is subject to section 403G (unallowable overseas losses of non-resident companies).
##### 403G
- (1) This section applies in the case of a loss or other amount arising to a non-resident company—
- (a) which is resident in any EEA territory, or
- (b) which is not so resident but which carries on a trade in an EEA territory through a permanent establishment,
where the amount is not attributable for corporation tax purposes to any UK permanent establishment of the non-resident company.
- (2) The amount is not available for surrender by way of group relief by the non-resident company in so far as conditions A and B are met.
- (3) Condition A is that—
- (a) the amount would not qualify for group relief but for any relevant arrangements, or
- (b) the amount would not have arisen to the non-resident company but for any relevant arrangements.
- (4) Condition B is that the main purpose, or one of the main purposes, of the relevant arrangements was to secure that the amount would qualify for group relief.
- (5) In this section references to relevant arrangements, in relation to any amount, are to—
- (a) arrangements made on or after 20th February 2006, or
- (b) arrangements made before that date where the amount would (but for this section) first qualify for group relief on or after that date or (as the case may be) the amount arises on or after that date.
- (6) In this section—
- “*arrangements*” includes any agreement, understanding, scheme, transaction or series of transactions (whether or not legally enforceable),
- “*UK permanent establishment*”, in relation to the non-resident company, means any permanent establishment through which it carries on a trade in the United Kingdom.
##### 411ZA
- (1) This section applies if the surrendering company is prevented from obtaining a deduction in respect of an amount by section 520 of CTA 2009 (provision not at arm's length: non-deductibility of relevant return).
- (2) The amount may not be surrendered by way of group relief.
##### 411A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Elections as to transfer of relief under section 257A.
#### Further interpretation of sections 135 to 139.
#### Interpretation.
#### Relief for contributions in respect of share option gains.
#### Exemptions from section 148.
##### 431ZA
- (1) An insurance company may, in its company tax return for the first accounting period of the company beginning on or after 1 January 2008 in which any of the assets of the company's long-term insurance fund would (apart from this section) be foreign business assets, elect that none of the assets of the company's long-term insurance fund are to be regarded for the purposes of this Act as being foreign business assets.
- (2) The election has effect for that accounting period and all subsequent accounting periods of the company.
- (3) An election under subsection (1) is irrevocable.
##### 431A
- (1) The Treasury may by order amend any of the life assurance provisions of the Corporation Tax Acts where it is expedient to do so in consequence of the exercise of any power under the Financial Services and Markets Act 2000, in so far as that Act relates to insurance companies.
- (2) Where any exercise of a power under that Act has effect for a period ending on or before, or beginning before and ending after, the day on which an order containing an amendment in consequence of that exercise is made under subsection (1) above, the power conferred by that subsection includes power to provide for the amendment to have effect in relation to that period.
- (3) The Treasury may by order amend any of the following provisions—
- (a) sections 432ZA, 432A, 432B to 432G and 755A . . . ;
- (b) sections 83A, 85, 88 and 89 of the Finance Act 1989;
- (c) section 210A of the Taxation of Chargeable Gains Act 1992.
- (4) An order under subsection (3) above may only be made so as to have effect in relation to periods of account—
- (a) beginning on or after 1st January 2005, and
- (b) ending before 1st October 2006.
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) Any power conferred by this section to make an order includes power to make—
- (a) different provision for different cases or different purposes, and
- (b) incidental, supplemental, consequential or transitional provision and savings.
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 431AA
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 432A
- (1) This section has effect for determining for the purposes of any provision of the Corporation Tax Acts in relation to any period for which an insurance company carries on business what parts of—
- (a) income arising from the assets of the company’s long-term insurance fund, or
- (b) gains or losses accruing on the disposal of such assets,
are referable to any category of business.
- (1A) If the company carries on only one category of business in the period, all of the income and gains or losses referred to in subsection (1) above is referable to that category of business; but if the company carries on more than one category of business in the period, the following provisions shall apply.
- (2) The categories of business referred to in subsections (1) and (1A) above are—
- (a) basic life assurance and general annuity business,
- (b) gross roll-up business, and
- (c) PHI business.
- (3) Income arising from, and gains or losses accruing on the disposal of, assets linked to any category of business is referable to that category of business.
- (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4A) Income arising from, and gains or losses accruing on the disposal of, foreign currency assets is referable to gross roll-up business.
- (5) There is referable to any category of business . . . the relevant fraction of any income, gains or losses not directly referable to any category of business.
- (6) For the purposes of subsection (5) above “*the relevant fraction*”, in relation to basic life assurance and general annuity business, is—
$$AA+B+C$where—A is the aggregate of—(a) the mean of the opening and closing liabilities of the basic life assurance and general annuity business (but taking that mean to be nil if it would otherwise be below nil), reduced (but not below nil) by the mean of the opening and closing net values of any assets directly referable to that category of business,(b) if there has been a relevant reattribution, the mean of the opening and closing amounts of the shareholders' excess assets, and(c) the mean of the appropriate parts (that is, the parts relating to that category) of the opening and closing amounts of the free assets amounts;B is the aggregate of—(a) the mean of the opening and closing liabilities of the gross roll-up business (but taking that mean to be nil if it would otherwise be below nil), reduced (but not below nil) by the mean of the opening and closing net values of any assets directly referable to that category of business, and(b) the mean of the appropriate parts (that is, the parts relating to that category) of the opening and closing amounts of the free assets amounts; andC is the aggregate of—(a) the mean of the opening and closing liabilities of the PHI business (but taking that mean to be nil if it would otherwise be below nil), reduced (but not below nil) by the mean of the opening and closing net values of any assets directly referable to that category of business, and(b) the mean of the appropriate parts (that is, the parts relating to that category) of the opening and closing amounts of the free assets amounts.$
- (6A) For the purposes of subsection (5) above “*the relevant fraction*”, in relation to gross roll-up business, is—
$$BA+B+C$where A, B and C have the same meaning as in subsection (6) above.$
- (6B) For the purposes of subsection (5) above “*the relevant fraction*”, in relation to PHI business, is—
$$CA+B+C$where A, B and C have the same meaning as in subsection (6) above.$
- (6C) But if the denominator found in accordance with subsection (6), (6A) or (6B) above is nil, the relevant fraction for the purposes of subsection (5) above in relation to the category of business in question is such fraction as is just and reasonable.
- (7) For the purposes of subsections (5), (6) , (6A) and (6B) above—
- (a) income, gains or losses are directly referable to a category of business if referable to that category by virtue of subsection (3) or (4A) above, . . .
- (b) assets are directly referable to a category of business if income arising from the assets is, and gains or losses accruing on the disposal of the assets are, so referable by virtue of subsection (3) or (4A) above, and
- (c) amounts are directly referable to basic life assurance and general annuity business if they fall within any of the following provisions—
- (i) sections . . . . . . 442A,
- (ii) section 85(2C) or 85A of the Finance Act 1989.
- (8) In subsection (6) above—
- (a) “*appropriate part*”, in relation to the free assets amount, means—
- (i) where none (or none but an insignificant proportion) of the liabilities of the long-term business are with-profits liabilities, the part of that amount which bears to the whole the proportion A/B where—
A is the amount of the liabilities of the category of business in question (but taking that amount to be nil if it would otherwise be below nil);
B is the whole amount of the liabilities of the long-term business; and
- (ii) in any other case the part of the free assets amount which bears to the whole the proportion C/D where—
C is the amount of the with-profits liabilities of the category of business in question;
D is the whole amount of the with-profits liabilities of the long-term business; and
- (b) the amount of the shareholders' excess assets in relation to any period of account of the company is the amount equal to SXA — L27 where—
- (i) SXA is the aggregate amount of the assets shown in its non-participating funds which are attributed to its shareholders as a result of a relevant reattribution; and
- (ii) L27 is the amount (if any) shown in line 27 of Form 19 in its periodical return for the relevant period of account.
This is subject to subsection (8ZA) below.
- (8ZA) If for the purposes of subsection (8)(a) above either B or D is nil then, in paragraph (c) of the definition of A and paragraph (b) of the definitions of B and C in subsection (6) above, “*appropriate part*”, in relation to the free assets amount, means the part of that amount which bears to the whole such proportion as is just and reasonable.
- (8A) In this section—
- “*non-participating funds*” means accounts which relate exclusively to policies or contracts under which the policy holders or annuitants are not eligible to participate in surplus;
- “*reattribution*” in relation to an insurance company which has an inherited estate, means the attribution of assets to shareholders' interests as a result of—an agreement between the company and the relevant regulator as to the amount of that estate and its attribution between shareholders and policy holders; ora decision of the company to specify and identify an amount of assets (otherwise than in connection with a transfer to the company's long-term insurance fund) as attributable only to shareholders' interests;a reattribution is “relevant” if it arises as a result of any of the following—a transfer of business under—section 49 of, or Schedule 2C to, the Insurance Companies Act 1982;an insurance business transfer scheme (within the meaning of section 431(2));a scheme of arrangement under section 425 of the Companies Act 1985;an order under section 68 of the Insurance Companies Act 1982;a waiver under section 148 of the Financial Services and Markets Act 2000;an amendment to the company's memorandum, articles of association or other instrument regulating the company.
- (8B) In subsection (8A) above—
- “*inherited estate*” has the same meaning as it has in the Insurance Prudential Sourcebook; and
- “*relevant regulator*” means the Financial Services Authority, the Treasury or the Secretary of State.
- (9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (9A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (9B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 432B
- (1) This section and sections 432C to 432G have effect where it is necessary in accordance with section 83 of the Finance Act 1989 to determine what parts of any items brought into account, within the meaning of that section, are referable to life assurance business or gross roll-up business.
- (2) Where for that purpose reference falls to be made to more than one account recognised for the purposes of that section, the provisions of sections 432C to 432G apply separately in relation to each account.
- (3) Section 432C applies where the business with which an account is concerned (“*the relevant business*”) relates exclusively to policies or contracts under which the policy holders or annuitants are not eligible to participate in surplus; and sections 432E and 432F apply where the relevant business relates wholly or partly to other policies or contracts (and section 432G applies in either case).
- (4) The following provisions of this section have effect where section 432C—
- (a) applies in relation to any account for a fund in which shareholders' excess assets are held, . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5) The part of the amount brought into account as income which is referable in accordance with section 432C to gross roll-up business is reduced by . . . the shareholders' excess income.
- (6) The part of the amount brought into account as the increase or decrease in the value of assets or as other income which is referable in accordance with section 432C to gross roll-up business is reduced or increased as follows.
- (7) The part of that amount is—
- (a) reduced by . . . the shareholders' excess gains, or
- (b) increased by . . . the shareholders' excess losses,
as the case may be.
- (8) But if, in relation to the fund in question, an election in accordance with Rule 9.10(c) of the Prudential Sourcebook (Insurers) has effect for the period of account, the following rules apply.
- (8A) In any case where there are adjusted shareholders' excess gains (“amount A”) and an adjusted increase in value of inherited estate assets (“amount B”), the part of the amount mentioned in subsection (6) (“*the relevant amount*”) is reduced by . . . the lower of amounts A and B.
- (8B) The difference between amounts A and B is carried forward to the next period of account—
- (a) as shareholders' excess gains (if amount A is the greater amount), or
- (b) as an increase in value of inherited estate assets (if amount B is the greater amount).
- (8C) In any case where there are adjusted shareholders' excess losses (“amount C”) and an adjusted decrease in value of inherited estate assets (“amount D”), the relevant amount is increased by . . . the lower of amounts C and D.
- (8D) The difference between amounts C and D is carried forward to the next period of account—
- (a) as shareholders' excess losses (if amount C is the greater amount), or
- (b) as a decrease in value of inherited estate assets (if amount D is the greater amount).
- (8E) In any other case—
- (a) the relevant amount is neither reduced nor increased, and
- (b) the adjusted shareholders' excess gains or losses, and the adjusted increase or decrease in value of inherited estate assets, are carried forward to the next period of account as shareholders' excess gains or losses and an increase or decrease in value of inherited estate assets (as the case may be).
- (8F) For the purposes of subsections (8A) to (8E), in relation to any period of account (“*the relevant period*”), the adjusted shareholders' excess gains or losses, and the adjusted increase or decrease in value of inherited estate assets, are determined as follows.
*Step 1*Find the amount of shareholders' excess gains or losses, and the amount of the increase or decrease in value of inherited estate assets, for the relevant period.
*Step 2*Find the amount (if any) of shareholders' excess gains or losses, and the amount (if any) of the increase or decrease in value of inherited estate assets, carried forward to the relevant period (without being taken into account for the purposes of step 3 or 4 in any previous period of account).
*Step 3*This step applies if, for the relevant period, there are shareholders' excess gains or an increase in value of inherited estate assets.In such a case—increase that amount by the amount of any such gains or (as the case may be) of any such increase in value so carried forward to the relevant period, orreduce that amount (but not below nil) by the amount of any shareholders' excess losses or (as the case may be) of any decrease in value of inherited estate assets so carried forward to the relevant period.The resulting amount is the adjusted shareholders' excess gains or (as the case may be) the adjusted increase in value of inherited estate assets for the relevant period.
*Step 4*This step applies if, for the relevant period, there are shareholders' excess losses or a decrease in value of inherited estate assets.In such a case—increase that amount by the amount of any such losses or (as the case may be) of any such decrease in value so carried forward to the relevant period, orreduce that amount (but not above nil) by the amount of any shareholders' excess gains or (as the case may be) of any increase in value of inherited estate assets so carried forward to the relevant period.The resulting amount is the adjusted shareholders' excess losses or (as the case may be) the adjusted decrease in value of inherited estate assets for the relevant period.8GFor the purposes of subsections (8A) to (8F), in relation to any company and any period of account,—“*decrease in value of inherited estate assets*” means so much of the amount of the decrease in value of assets brought into account in line 13 of Form 40 in the periodical return of the company for that period as relates to shareholders' excess assets;“*increase in value of inherited estate assets*” means so much of the amount of the increase in value of assets brought into account in line 13 of Form 40 in the periodical return of the company for that period as relates to shareholders' excess assets.9For the purposes of this section—. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .“*shareholders' excess gains*” means the amount by which—athe aggregate amount of investment gains and amounts chargeable under Case VI of Schedule D by virtue of section 85(2C)(c) of the Finance Act 1989 for the accounting periods comprised in the period of account exceedsbthe aggregate amount that would be found under paragraph (a) if section 432A(6) were amended in accordance with subsection (10) below;“*shareholders' excess income*” means the amount by which—athe investment income referable to basic life assurance and general annuity business in accordance with section 432A for the accounting periods comprised in the period of account exceedsbthe amount that would be so referable if section 432A(6) were amended in accordance with subsection (10) below;“*shareholders' excess losses*” means the amount by which—ainvestment losses for the accounting periods comprised in the period of account exceedsbthe amount that would be found under paragraph (a) if section 432A(6) were amended in accordance with subsection (10) below.10For the purposes of the definitions of “shareholders' excess gains”, “shareholders' excess income” and “shareholders' excess losses”, the amendments of section 432A(6) mentioned in those definitions are—ain the definition of A, in paragraph (b) the insertion after “the mean of” of “the appropriate parts of”;bin the definition of A, in paragraph (b) the insertion after “assets” of—(and for this purpose the definition of “appropriate part” in subsection (8)(a) below applies in relation to the shareholders' excess assets as it applies in relation to the free assets amount); andcthe substitution for the definitions of B and C of—B is the amount that would be given by A if A applied in relation to gross roll-up business; andC is the amount that would be given by A if A applied in relation to PHI business..11For the purposes of subsection (9)—athe amount of a company's investment gains is the greater of LG + OIG + NTC - NTD and nil where—iLG is the amount of BLAGAB chargeable gains accruing from disposals of assets of the company's long-term insurance fund in each accounting period comprised in the period of account after deducting the aggregate of BLAGAB allowable losses so accruing in the accounting period and in any accounting period to which section 8(1)(b) of the Taxation of Chargeable Gains Act 1992 (company's total profits to include chargeable gains) applies;iaOIG is the amount of offshore income gains accruing in each such accounting period and charged to corporation tax under Case VI of Schedule D by virtue of section 761(1)(b)(ii);iiNTC is the amount of non-trading credits for the period of account which arise to the company from increases in the fair value of the company's loan relationships or from related transactions; andiiiNTD is the amount of non-trading debits for the period of account which arise to the company from decreases in the fair value of the company's loan relationships or from related transactions;b“*investment income*” means the aggregate of—ithe non-trading credits for the period of account which do not arise to the company from increases in the fair value of the company's loan relationships or from related transactions;iaannuities or other annual payments in each accounting period comprised in the period of account that are chargeable under Case III of Schedule D by virtue of paragraph (b) of that Case;iiincome for each such accounting period falling with Schedule A; andiiiincome for each such accounting period falling within Case V of Schedule D; andcthe amount of a company's investment losses is the greater ofLA + NTD – OIG – NTC (where there is an amount LA in the period of account)orNTD – NTC – LG – OIG (where there is an amount LG in the period of account)and nil where—iLA is the amount of the company's BLAGAB allowable losses accruing from disposals of assets of the company's long-term insurance fund in each accounting period comprised in the period of account after deducting BLAGAB chargeable gains so accruing; andiiLG, OIG, NTC and NTD have the same meanings as they have in relation to a company's investment gains.12In subsection (11)—“*BLAGAB allowable losses*” means allowable losses referable in accordance with section 432A to the company's basic life assurance and general annuity business;“*BLAGAB chargeable gains*” means chargeable gains referable in accordance with section 432A to the company's basic life assurance and general annuity business;“*related transaction*” has the meaning given by section 84(5) of the Finance Act 1996.
##### 432C
- (1) This section specifies the extent to which the net amount is referable to life assurance business or to gross roll-up business.
- (2) In this section “*the net amount*” means the aggregate of the amounts brought into account—
- (a) as investment income,
- (b) as an increase in the value of assets, or
- (c) as other income,
less the aggregate of the amounts brought into account as a decrease in the value of assets.
- (3) To the extent that the net amount is attributable to—
- (a) assets linked to life assurance business, or
- (b) foreign currency assets,
it is referable to life assurance business.
- (4) There is also referable to life assurance business the appropriate fraction of so much of the net amount as is not attributable to linked assets or foreign currency assets.
- (5) For the purposes of subsection (4) above “the appropriate fraction” is—
$$AA+B$where—A is the mean of the opening and closing liabilities of the relevant business so far as referable to life assurance business (but taking that mean to be nil if it would otherwise be below nil), reduced (but not below nil) by the aggregate of the mean of the opening and closing net values of assets linked to the relevant business so far as so referable and foreign currency assets; andB is the mean of the opening and closing liabilities of the relevant business so far as referable to PHI business, reduced (but not below nil) by the mean of the opening and closing net values of any assets linked to PHI business.$
- (6) But if the denominator found in accordance with subsection (5) above is nil, the appropriate fraction for the purposes of subsection (4) above is such fraction as is just and reasonable.
- (7) To the extent that the net amount is attributable to—
- (a) assets linked to gross roll-up business, or
- (b) foreign currency assets,
it is referable to gross roll-up business.
- (8) There is also referable to gross roll-up business the relevant fraction of so much of the net amount as is not attributable to linked assets or foreign currency assets.
- (9) For the purposes of subsection (8) above “the relevant fraction” is—
$$CC+D$where—C is the mean of the opening and closing liabilities of the relevant business so far as referable to gross roll-up business (but taking that mean to be nil if it would otherwise be below nil), reduced (but not below nil) by the aggregate of the mean of the opening and closing net values of any assets linked to gross roll-up business and foreign currency assets; andD is the mean of the opening and closing liabilities of the relevant business so far as referable to basic life assurance and general annuity business or PHI business (but taking that mean to be nil if it would otherwise be below nil), reduced (but not below nil) by the mean of the opening and closing net values of any assets linked to either of those categories of business.$
- (10) But if the denominator found in accordance with subsection (9) above is nil, the relevant fraction for the purposes of subsection (8) above is such fraction as is just and reasonable.
- (11) For the purposes of this section, so much of the net amount—
- (a) as is brought into account as other income in an internal linked fund of the company, and
- (b) as is not attributable to assets of that fund,
is to be treated as linked to a category of business to the same extent as income attributable to an asset of the fund would, by virtue of section 432ZA, be referable to that category of business.
##### 432D
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 432E
- (1) The part of the net amount which is referable to life assurance business or to gross roll-up business is—
- (a) the amount determined in accordance with subsections (2) and (2A) below, or
- (b) if greater, the amount determined in accordance with subsection (3) below.
- (1A) In this section “*the net amount*” means the aggregate of the amounts brought into account—
- (a) as investment income,
- (b) as an increase in the value of assets, or
- (c) as other income,
less the aggregate of the amounts brought into account as a decrease in the value of assets.
- (2) For the purposes of subsection (1) above there shall be determined the amount which is such as to secure—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) . . . that
$$CS-CAS=(S-AS)×CASAS$where—S is the surplus of the relevant business;AS is so much of that surplus as is allocated to persons entitled to the benefits provided for by the policies or contracts to which the relevant business relates;CAS is so much of the surplus so allocated as is attributable to policies or contracts of life assurance business or of gross roll-up business; andCS is so much of the surplus of the relevant business as would remain if the relevant business were confined to life assurance business or to gross roll-up business.$
- (2A) In a case where an amount or amounts are taken into account under subsection (2) of section 83 of the Finance Act 1989 by virtue of subsection (2B) of that section or by virtue of section . . . 444AB, 444ABC,444AEA, 444AF(2) or 444AK(2) of this Act, the amount determined under subsection (2) above is increased by—
$$CASAS×RP$where—CAS and AS have the same meanings as in subsection (2) above; andRP is the amount or the aggregate of the amounts taken into account under subsection (2) of section 83 of the Finance Act 1989 by virtue of any of the following provisions—subsection (2B) of that section;section 444AB or 444ABC of this Act;section 444AEA of this Act;. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .subsection (2) of section 444AF of this Act (and see subsections (5) and (6) of that section);subsection (2) of section 444AK of this Act (but only for the purposes mentioned in subsection (3) of that section).$
- (3) For the purposes of subsection (1) above there shall also be determined the aggregate of—
- (a) the applicable percentage of what is left of the mean of the opening and closing liabilities of the relevant business so far as referable to the category of business concerned (but taking that mean to be nil if it would otherwise be below nil) after deducting from it the mean of the opening and closing values of any assets of the relevant business linked to that category of business and foreign currency assets, and
- (b) the part of the net amount . . . that is attributable to assets linked to that category of business and foreign currency assets.
- (4) Subject to subsection (4A) below, for the purposes of subsection (3) above “*the applicable percentage*”, in any case, is—
$$AB×100$where—A is so much of the net amount as is brought into account in respect of the relevant business less such part of it as is attributable to linked assets and foreign currency assets; andB is the mean of the opening and closing liabilities of the relevant business reduced by the mean of the opening and closing values of any assets of the relevant business which are linked assets and foreign currency assets.$
- (4A) If the mean of the opening and closing liabilities of the relevant business reduced by the opening and closing values of any assets of the relevant business which are linked assets or foreign currency assets is nil then, for the purposes of subsection (3) above, “*the applicable percentage*” is such percentage as is just and reasonable.
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Further interpretation of sections 135 to 139.
#### Interpretation.
##### 434A
- (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2) Where for any accounting period the loss arising to an insurance company from its life assurance business falls to be computed in accordance with the provisions of this Act applicable to Case I of Schedule D—
- (a) the loss resulting from the computation shall be reduced (but not below nil) by . . . —
- (i) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (ii) any relevant non-trading deficit for that period on the company’s debtor relationships; and
- (iii) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) if the whole or any part of that loss as so reduced is set off—
- (i) under section 393A, or
- (ii) under section 403(1),
any loss for that period under section 436A shall be reduced (but not below nil) by the total of the amounts set off as mentioned in sub-paragraphs (i) and (ii) above.
- (2A) The reference in subsection (2)(a)(ii) above to a relevant non-trading deficit for any period on a company’s debtor relationships is a reference to the non-trading deficit on the company’s loan relationships which would be produced by any separate computation made under paragraph 2(1) of Schedule 11 to the Finance Act 1996 for the company’s basic life assurance and general annuity business if credits and debits given in respect of the company’s creditor relationships (within the meaning of Chapter II of Part IV of that Act) were disregarded.
- (3) In the case of a company carrying on life assurance business, no relief shall be allowable —
- (a) under Chapter II (loss relief) or Chapter IV (group relief) of Part X, or
- (b) in respect of any amount representing a non-trading deficit on the company’s loan relationships that has been computed otherwise than by reference to debits and credits referable to that business,
against the policy holders’ share of the relevant profits for any accounting period.
#### Meaning of “distribution”.
##### 438A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Section 209(3AA): link to shares of company or associated company
##### 440A
- (1) Subsection (2) below applies where the assets of an insurance company include securities of a class all of which would apart from this section be regarded for the purposes of corporation tax on chargeable gains as one holding.
- (2) Where this subsection applies—
- (a) so many of the securities as are identified in the company’s records as securities by reference to the value of which there are to be determined benefits provided for under policies or contracts the effecting of all (or all but an insignificant proportion) of which constitutes the carrying on of—
- (i) basic life assurance and general annuity business, or
- (ii) gross roll-up business,
shall be treated for the purposes of corporation tax as a separate holding linked solely to that business,
- (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (d) so many of the securities as are included in the company’s long-term insurance fund but do not fall within paragraph (a) shall be treated for those purposes as a separate holding which is an asset of that fund (but not of the description mentioned in that paragraph), and
- (e) any remaining securities shall be treated for those purposes as a separate holding which is not of any of the descriptions mentioned in the preceding paragraphs.
- (3) Subsection (2) above also applies where the assets of an insurance company include securities of a class and apart from this section some of them would be regarded as a 1982 holding, and the rest as a section 104 holding, for the purposes of corporation tax on chargeable gains.
- (4) In a case within subsection (3) above—
- (a) the reference in any paragraph of subsection (2) above to a separate holding shall be construed, where necessary, as a reference to a separate 1982 holding and a separate section 104 holding, and
- (b) the questions whether such a construction is necessary in the case of any paragraph and, if it is, how many securities falling within the paragraph constitute each of the two holdings shall be determined in accordance with paragraph 12 of Schedule 6 to the Finance Act 1990 and the identification rules applying on any subsequent acquisitions and disposals.
- (5) Section 105 of the 1992 Act shall have effect where subsection (2) above applies as if securities regarded as included in different holdings by virtue of that subsection were securities of different kinds.
- (6) In this section—
- “*1982 holding*” has the same meaning as in section 109 of the 1992 Act;
- “*section 104 holding*” has the same meaning as in section 104(3) of that Act; and
- “*securities*” means shares, or securities of a company, and any other assets where they are of a nature to be dealt in without identifying the particular assets disposed or acquired.
- (7) In a case where the profits of a company’s life assurance business are charged to tax in accordance with Case I of Schedule D this section has effect with the modification specified in section 440B(4).
##### 441A
- (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 444A
- (1) . . . This section applies where an insurance business transfer scheme has effect to transfer long-term business from one person (“the transferor”) to another (“the transferee”).
- (2) Any expenses payable which (assuming the transferor had continued to carry on the business transferred after the transfer) would have fallen to be brought into account by the transferor in determining the deduction for expenses payable to be allowed under section 76 in computing profits for an accounting period following the period which ends with the day on which the transfer takes place shall, instead, be brought into account under and in accordance with that section by the transferee as expenses payable by him (and giving effect in the case of acquisition expenses, to section 86(6) to (9) of the Finance Act 1989).
- (3) Any loss which (assuming the transferor had continued to carry on the business transferred after the transfer)—
- (a) would have been available under section 436A(4) to be set off against profits of the transferor for the accounting period following that which ends with the day on which transfer takes place, . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
shall, instead, be treated as a loss of the transferee (and available to be set off against profits of gross roll-up business)if the conditions in paragraphs (a) and (b) of section 343(1) are satisfied in relation to the business transferred (construing references to an event as to the transfer).
- (3ZA) Where subsection (3) above has effect, sections 343(4), (5) and (7) to (12) and 344 apply in relation to the business in which the loss arose construing—
- (a) references to the predecessor and the successor as to (respectively) the transferor and the transferee, and
- (b) references to section 343(3) as to subsection (3) of this section,
except that nothing in section 343(8) to (10) and (12) applies in relation to the transferee.
- (3A) Any subsection (2) excess (within the meaning of section 432F(2)) which (assuming the transferor had continued to carry on the business transferred after the transfer) would have been available under section 432F(3) or (4) to reduce a subsection (3) figure (within the meaning of section 432F(1)) of the transferor in an accounting period following that which ends with the day on which transfer takes place—
- (a) shall, instead, be treated as a subsection (2) excess of the transferee, and
- (b) shall be taken into account in the first accounting period of the transferee ending after the date of the transfer (to reduce the subsection (3) figure or, as the case may be, to produce or increase a subsection (2) excess for that period),
in relation to the revenue account of the transferee dealing with or including the business transferred.
- (4) Where acquisition expenses are treated as expenses payable by the transferee by virtue of subsection (2) above, the amount deductible for the first accounting period of the transferee ending after the transfer takes place shall be calculated as if that accounting period began with the day after the transfer.
- (5) Where the transfer is of part only of the transferor’s long-term business, subsection (2), (3) or (3A) above shall apply only to such part of any amount to which it would otherwise apply as is appropriate.
- (6) Any question arising as to the operation of subsection (5) above shall be determined by the Special Commissioners who shall determine the question in the same manner as they determine appeals; but both the transferor and transferee shall be entitled to appear and be heard or to make representations in writing.
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Classes of life assurance business
##### 431B
- (1) In this Chapter “*pension business*” means so much of a company’s life assurance business as is referable to contracts entered into for the purposes of a registered pension scheme or is the reinsurance of such business.
- (2) Where a pension scheme ceases to be a registered pension scheme by virtue of the withdrawal of registration of the pension scheme under section 157 of the Finance Act 2004, any of the company’s life assurance business that was pension business when the pension scheme was a registered pension scheme is to be treated as ceasing to be pension business at the beginning of the period of account of the company in which the pension scheme so ceases to be a registered pension scheme.
- (3) Where—
- (a) immediately before 6th April 2006 an annuity contract falls within any of the descriptions of contracts specified in subsection (2) of this section as it had effect immediately before that date, but
- (b) on or after that date the contract does not fall to be regarded for the purposes of this section as having been entered into for the purposes of a registered pension scheme,
the contract is to be treated for the purposes of this section as having been entered into for such purposes.
##### 431BA
- (1) In this Chapter “*child trust fund business*” means so much of a company's life assurance business as is referable to child trust fund policies (but not including the reinsurance of such business).
- (2) In this section “*child trust fund policy*” means a policy of life insurance which is an investment under a child trust fund (within the meaning of the Child Trust Funds Act 2004).
##### 431BB
- (1) In this Chapter “*individual savings account business*” means so much of a company's life assurance business as is referable to individual savings account policies (but not including the reinsurance of such business).
- (2) In this section “*individual savings account policy*” means a policy of life insurance which is an investment of a kind specified in regulations made by virtue of section 695(1) of ITTOIA 2005.
##### 431C
- (1) In this Chapter “*life reinsurance business*” means reinsurance of life assurance business other than pension business or business of any description excluded from this section by regulations made by the Board.
- (2) Regulations under subsection (1) above may describe the excluded business by reference to any circumstances appearing to the Board to be relevant.
##### 431D
- (1) In this Chapter “*overseas life assurance business*” means so much of a company's relevant life assurance business as is with a policy holder or annuitant not residing in the United Kingdom (but not including the reinsurance of such business).
- (1A) In subsection (1) above “*relevant life assurance business*” means life assurance business other than—
- (a) pension business
- (b) individual savings account business,
- (c) child trust fund business, and
- (d) business of any description prescribed by regulations made by the Commissioners for Her Majesty's Revenue and Customs.
- (2) Regulations under subsection (1A) above may describe the excluded business by reference to any circumstances appearing to the Board to be relevant.
- (3) The Board may by regulations—
- (a) make provision as to the circumstances in which a trustee who is a policy holder or annuitant residing in the United Kingdom is to be treated for the purposes of this section as not so residing; and
- (b) provide that nothing in Chapter II of Part XIII or Chapter 9 of Part 4 of ITTOIA 2005 shall apply to a policy or contract which constitutes overseas life assurance business by virtue of any such provision as is mentioned in paragraph (a) above.
- (4) Regulations under subsection (1A) or (3) above may contain such supplementary, incidental, consequential or transitional provision as appears to the Board to be appropriate (including provision amending any enactment or any instrument made under an enactment).
##### 431E
- (1) The Board may by regulations make provision for giving effect to section 431D.
- (2) Such regulations may, in particular—
- (a) provide that, in such circumstances as may be prescribed, any prescribed issue as to whether business is or is not overseas life assurance business (or overseas life assurance business of a particular kind) shall be determined by reference to such matters (including the giving of certificates or undertakings, the giving or possession of information or the making of declarations) as may be prescribed,
- (b) require companies to obtain certificates, undertakings, information or declarations from policy holders or annuitants, or from trustees or other companies, for the purposes of the regulations,
- (c) make provision for dealing with cases where any issue such as is mentioned in paragraph (a) above is (for any reason) wrongly determined, including provision allowing for the imposition of charges to tax (with or without limits on time) on the insurance company concerned or on the policy holders or annuitants concerned,
- (d) require companies to supply information and make available books, documents and other records for inspection on behalf of the Board, and
- (e) make provision (including provision imposing penalties) for contravention of, or non-compliance with, the regulations.
- (3) The regulations may—
- (a) make different provision for different cases, and
- (b) contain such supplementary, incidental, consequential or transitional provision as appears to the Board to be appropriate.
##### 431EA
In this Chapter “*gross roll-up business*” means business of any of the following kinds—
- (a) pension business;
- (b) child trust fund business;
- (c) individual savings account business;
- (d) life reinsurance business; and
- (e) overseas life assurance business.
##### 431F
In this Chapter “*basic life assurance and general annuity business*” means life assurance business other than gross roll-up business.
### Basis of taxation etc
##### 431G
- (1) This section applies in relation to an insurance company which carries on life assurance business (whether or not it also carries on insurance business of any other kind).
- (2) Subject as follows, the profits of the life assurance business for any accounting period shall be charged to tax under the I minus E basis.
- (3) Where in the case of an insurance company for an accounting period either—
- (a) all of its life assurance business is reinsurance business and none of that business is of a type excluded from this subsection by regulations made by the Board, or
- (b) all, or substantially all, of its life assurance business is gross roll-up business,
the profits of that business for the accounting period shall be charged to tax in accordance with Case I of Schedule D and not otherwise.
- (4) Where—
- (a) the profits of the life assurance business of an insurance company for any accounting period are charged to tax under the I minus E basis, and
- (b) had those profits been charged to tax in accordance with Case I of Schedule D, a loss would have arisen to the company from that business for the period,
the loss (after being reduced in accordance with section 434A(2)(a)) may be set-off under section 393A or section 403(1).
- (5) The application, in relation to the life assurance business of an insurance company, of any provision of Case I of Schedule D is not to be taken—
- (a) to prevent the application of the I minus E basis in relation to that business of the company for any accounting period, or
- (b) to affect the operation of the I minus E basis in relation to the that business of the company for any accounting period except as specifically provided by the Corporation Tax Acts.
##### 431H
- (1) This section applies in relation to an insurance company which carries on life assurance business and insurance business of any other kind.
- (2) For the purposes of the Corporation Tax Acts—
- (a) the life assurance business, and
- (b) the other insurance business,
are to be treated as separate businesses.
- (3) The profits of the other insurance business shall be charged to tax under Case I of Schedule D as the profits of a separate trade.
- (4) But subsection (3) above does not apply where that business is mutual business.
- (5) As to the profits of the life assurance business, see section 431G.
##### 432YA
- (1) This section applies in the case of—
- (a) a company which is a non-profit company, or
- (b) the non-profit fund of a company which is not a non-profit company,
if an amount (“*the relevant amount*”) is shown in paragraph 4(12) of Appendix 9.4 to the periodical return for the company for a period of account which ends on or after 31st December 2006 but before 1st January 2009 (a “relevant period of account”).
- (2) In computing profits of long-term business which is not life assurance business in accordance with the provisions applicable to Case I of Schedule D—
- (a) X shall be added to the closing long term business provision of the company for the relevant period of account; and
- (b) XA shall be brought into account as a trading receipt of the company for each subsequent period of account until the total sum of the amounts so bought into account is equal to X (and if that total sum would otherwise exceed X, the excess shall be ignored).
- (2A) In applying subsection (2)(b) above no account shall be taken of a period of account which is deemed to exist by virtue of section 444AA(4).
- (2B) X is—
- (a) where the relevant period of account ends before 1st April 2007, the whole of the relevant amount;
- (b) where the relevant period of account ends on or after 1st April 2007 but before 1st January 2008, two-thirds of the relevant amount;
- (c) where the relevant period of account ends on or after 1st January 2008, one-third of the relevant amount.
- (2C) XA is the amount found by applying the following formula—
$$Y12×Z$Here—Y is the number of months of the period of account in question (part of a month being counted as a month); andZ is—(a) where X is the whole of the relevant amount, one-third of X;(b) where X is two thirds of the relevant amount, one-half of X;(c) where X is one third of the relevant amount, the whole of X.$
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5) In this section—
- “*long term business provision*” has the same meaning as in Schedule 9A to the Companies Act 1985;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- sections 42 and 46(1) and (2) of the Finance Act 1998 (provisions as to computation of profits and losses);
- sections 196 to 200 of the Finance Act 2004 (registered pension schemes);
- section 246 of that Act (employer-financed retirement benefits schemes).
- (3) Section 74(1)(d) of this Act (disallowance of provisions for future repairs) applies in relation to a Schedule A business as if the reference to premises occupied for the purposes of the trade were to premises held for the purposes of the Schedule A business.
- (4) The following provisions in Chapter V of Part IV of this Act do not apply, or are excepted from applying, in accordance with subsection (1)—
- (6) This section is subject to sections 82E and 82F of the Finance Act 1989 (treatment of transferors and transferees under insurance business transfer schemes) and those sections shall apply in relation to this section as if any reference in them to a provision of section 82D of that Act (treatment of profits: life assurance – adjustment consequent on change in Insurance Prudential Sourcebook) were a reference to the corresponding provision of section 432YA.
##### 432ZA
- (1) In this Chapter “*linked assets*” means assets of an insurance company which are identified in its records as assets by reference to the value of which benefits provided for under a policy or contract are to be determined and in a case where only part of an asset is so identified, references to a linked asset are references to that part.
- (2) Linked assets shall be taken—
- (a) to be linked to long-term business of a particular category if the policies or contracts providing for the benefits concerned are policies or contracts the effecting of which constitutes the carrying on of business of that category; and
- (b) to be linked solely to long-term business of a particular category if all (or all but an insignificant proportion) of the policies or contracts providing for the benefits concerned are policies or contracts the effecting of which constitutes the carrying on of business of that category.
- (3) Where an asset is linked to more than one category of long-term business, a part of the asset shall be taken to be linked to each category; and references in this Chapter to assets linked (but not solely linked) to any category of business shall be construed accordingly.
- (4) Where subsection (3) above applies, the part of the asset linked to any category of business shall be a proportion determined as follows—
- (a) where in the records of the company values are shown for the asset in funds referable to particular categories of business, the proportion shall be determined by reference to those values;
- (b) in any other case the proportion shall be equal to the proportion A/B where—
A is the total of the linked liabilities of the company which are liabilities of the internal linked fund in which the asset is held and are referable to that category of business;
B is the total of the linked liabilities of the company which are liabilities of that fund.
- (5) For the purposes of sections 432A to 432E—
- (a) income arising in any period from assets linked but not solely linked to a category of business,
- (b) gains arising in any period from the disposal of such assets, and
- (c) increases and decreases in the value of such assets,
shall be treated as arising to that category of business in the proportion which is the mean of the proportions determined under subsection (4) above at the beginning and end of the period.
- (6) In this section—
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- section 87 (treatment of premiums taxed as rent),
- “*linked liabilities*” means liabilities in respect of benefits to be determined by reference to the value of linked assets.
- (7) In the case of a policy or contract the effecting of which constitutes a class of life assurance business the fact that it also constitutes PHI business shall be disregarded for the purposes of this section unless the benefits to be provided which constitute PHI business are to be determined by reference to the value of assets.
##### 432AA
- (1) An insurance company is treated as carrying on separate Schedule A businesses, or overseas property businesses, in accordance with the following rules.
- (2) The exploitation of land held as an asset of the company’s long-term insurance fund is treated as a separate business from the exploitation of land not so held.
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) The exploitation of land held as an asset linked to any of the following categories of business is regarded as a separate business—
- (a) basic life assurance and general annuity business;
- (b) gross roll-up business; and
- (c) PHI business.
- (5) Accordingly, the exploitation of land held as an asset of the company’s long-term insurance fund otherwise than as mentioned in subsection . . . (4) is treated as a separate business from any other.
- (6) In this section “*land*” means any estate, interest or rights in or over land.
##### 432AB
- (1) This section applies to any loss arising in a Schedule A business or overseas property business.
- (2) A loss arising from any category of business mentioned in section 432A(2) shall be apportioned under that section in the same way as income.
- (3) So far as a loss is referable to basic life assurance and general annuity business, it shall be treated for the purposes of section 76 as expenses payable which fall to be brought into account at Step 3 in subsection (7) of that section.
- (4) Where a company is treated under section 432AA as carrying on—
- (a) more than one Schedule A business, or
- (b) more than one overseas property business,
then, in relation to either kind of business, the reference in subsection (3) above to a loss referable to basic life assurance and general annuity business shall be construed as a reference to any aggregate net loss after setting the losses from those businesses which are so referable against any profits from those businesses that are so referable.
- (5) The provisions of section 392A or 392B (loss relief) do not apply to a loss referable to life assurance business or any category of life assurance business.
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 432CA
- (1) This section applies where—
- (a) an insurance company is not a non-profit company in relation to a period of account (“the current period of account”),
- (b) in the case of any business with which an account of the company for the current period of account is concerned (“the relevant business”), an amount is a relevant brought into account amount for that period of account (see subsection (2)),
- (c) section 432C applies for determining the extent to which the relevant brought into account amount is referable to life assurance business or to gross roll-up business, and
- (d) the line 51 reduction condition is met (see subsection (3)).
- (2) An amount is a relevant brought into account amount for a period of account if—
- (a) it is brought into account as mentioned in subsection (2)(b) of section 83 of the Finance Act 1989 (increases in value of non-linked assets) for that period,
- (b) it is deemed to be brought into account for that period by subsection (2B) of that section in consequence of the transfer of non-linked assets, or
- (c) it is taken into account under subsection (2) of that section for that period by virtue of section 444AB as being the relevant amount in relation to non-linked assets.
- (3) The line 51 reduction condition is met if—
- (a) the amount shown in column 1 of line 51 of Form 14 of the company's periodical return in respect of the relevant business for the current period of account, is less than
- (b) the amount so shown for the period of account immediately before it;
and the amount of the difference is “the relevant reduction”.
- (4) Section 432C applies in relation to so much of the relevant brought into account amount as does not exceed the relevant reduction (“the affected amount”) as if it were brought into account as an increase in the value of assets in the case of the relevant business for the applicable appropriate period of account of the company.
- (5) A period of account is an “appropriate period of account” if it ended before the current period of account and—
- (a) the amount shown in column 1 of line 51 of Form 14 of the company's periodical return in respect of the relevant business for it, was more than
- (b) the amount so shown for the period of account immediately before it;
and the amount of the difference is “the relevant increase.”
- (6) The “applicable” appropriate period of account is the one which ended most recently (“the most recent appropriate period of account”).
- (7) But if the relevant increase in the case of the most recent appropriate period of account is less than the affected amount, the most recent appropriate period of account is the applicable appropriate period of account in relation to only so much of the affected amount as does not exceed that relevant increase.
- (8) In that case, the appropriate period of account which ended most recently before the most recent appropriate period of account is the applicable appropriate period of account in relation to so much of the remainder as does not exceed the relevant increase in the case of that appropriate period of account (and, where necessary, so on until the applicable appropriate period of account is established in relation to all of the affected amount or there are no more appropriate periods of account).
- (9) If the current period of account is not the first in relation to which this section has applied in the case of the business concerned, the amount of the relevant increase in the case of any appropriate period of account (“*the period in question*”) is to be treated as reduced by the relevant aggregate.
- (10) The “relevant aggregate” is the aggregate of so much of the affected amount for any period or periods of account earlier than the current period of account as was an amount to which section 432C applied as if it were brought into account as mentioned in subsection (4) for the period in question.
- (11) For the purposes of this section an insurance company which has elected under section 83YA(9) of the Finance Act 1989 (changes in value of assets brought into account: non-profit companies) to be treated as a non-profit company in relation to a period of account is to be regarded as a non-profit company in relation to the period of account.
##### 432CB
- (1) This section applies where, under an insurance business transfer scheme, there is a transfer of long-term business—
- (a) from a non-profit fund of an insurance company (“*the transferor*”) which is not a non-profit company in relation to the relevant period of account,
- (b) to another insurance company (“*the transferee*”) to constitute or form part of a non-profit fund of the transferee (“*the transferee's non-profit fund*”),
(“*the transfer*”) and conditions A and B are met.
- (2) Condition A is that the fair value of the assets transferred by the transfer exceeds by an amount (“the chargeable excess”) the amount of the relevant liabilities transferred by the transfer.
For this purpose “relevant” liabilities are liabilities of a type shown (or treated as shown) in any of lines 14, 17, 21 to 23 and 31 to 38 of Form 14 of a periodical return of an insurance company.
- (3) Condition B is that the main purpose, or one of the main purposes, of the transferor or the transferee (or both) in entering into any part of the transfer scheme arrangements is to secure a reduction in tax as a result of section 432C having effect in the case of the transferee, rather than the transferor, in relation to the business transferred by the transfer.
- (4) The chargeable excess is to be brought into account by the transferor as mentioned in section 83(2)(b) of the Finance Act 1989 for the relevant period of account.
- (5) Where there is no amount shown in relation to the transferee's non-profit fund in column 1 of line 51 of Form 14 of the periodical return of the transferee for the first period of account of the transferee ending on or after the transfer date (“the first post-transfer period of account”), the chargeable excess is to be brought into account by the transferee as mentioned in section 83(2) of the Finance Act 1989 as a decrease in the value of non-linked assets for the first post-transfer period of account.
- (6) Where—
- (a) there is an amount shown in relation to the transferee's non-profit fund in column 1 of line 51 of Form 14 of the periodical return of the transferee for the first post-transfer period of account, and
- (b) the amount so shown in column 1 of line 51 of Form 14 of the periodical return of the transferee for that period of account, or for any other period of account of the transferee ending after the transfer date, (an “affected period of account”) is less than the total chargeable excess amount,
the relevant amount is to be brought into account by the transferee as mentioned in section 83(2) of the Finance Act 1989 as a decrease in the value of non-linked assets for the affected period of account.
- (7) For this purpose “the relevant amount” is the amount by which—
- (a) the amount shown in relation to the transferee's non-profit fund in column 1 of line 51 of Form 14 of the periodical return of the transferee for the affected period of account, is less than
- (b) the total chargeable excess amount less any amount brought into account by the transferee as mentioned in section 83(2) of the Finance Act 1989 as a decrease in the value of non-linked assets for any earlier period of account by virtue of the operation of this section in relation to the transferee's non-profit fund.
- (8) In subsections (6) and (7) “*the total chargeable excess amount*” means the aggregate of—
- (a) the chargeable excess, and
- (b) any amount which is the chargeable excess in relation to any other transfer of business to the transferee's non-profit fund.
- (9) In this section “*the relevant period of account*” means—
- (a) the period of account of the transferor ending immediately before the transfer date, or
- (b) if no period of account of the transferor so ends, the period of account of the transferor covering the transfer date.
- (10) In this section “*the transfer scheme arrangements*” means the insurance business transfer scheme and any relevant associated operations; and for this purpose “*relevant associated operations*” means—
- (a) any other insurance business transfer scheme,
- (b) any contract of reinsurance, or
- (c) any reconstruction or amalgamation involving the transferor, a dependant of the transferor which is an insurance undertaking or the transferee,
which is effected in connection with the insurance business transfer scheme.
- (11) In subsection (10)—
- “dependant”, and
- “insurance undertaking”,
have the same meaning as in the Insurance Prudential Sourcebook.
- (12) In this section “*the transfer date*” means the date on which the insurance business transfer scheme takes effect.
- (13) For the purposes of this section an insurance company which has elected under section 83YA(9) of the Finance Act 1989 (changes in value of assets brought into account: non-profit companies) to be treated as a non-profit company in relation to a period of account is to be regarded as a non-profit company in relation to the period of account.
#### Meaning of “distribution”.
##### 432F
- (1) The provisions of this section provide for the reduction of the amount determined in accordance with section 432E(3) (“the subsection (3) figure”) for an accounting period in which that amount exceeds, or would otherwise exceed, the amount determined in accordance with section 432E(2) (“the subsection (2) figure”).
- (2) . . . There shall be determined for each accounting period the amount (if any) by which the subsection (2) figure . . . exceeds the subsection (3) figure (“the subsection (2) excess”).
- (3) Where there is a subsection (2) excess, the amount shall be carried forward and if in any subsequent accounting period the subsection (3) figure exceeds, or would otherwise exceed, the subsection (2) figure, it shall be reduced by the amount or cumulative amount of subsection (2) excesses so far as not previously used under this subsection.
- (4) Where in an accounting period that amount is greater than is required to bring the subsection (3) figure down to the subsection (2) figure, the balance shall be carried forward and aggregated with any subsequent subsection (2) excess for use in subsequent accounting periods.
##### 432G
- (1) There is referable to the life assurance business of the transferee the appropriate fraction of the amount brought into account as a business transfer-in and of any amount taken into account as profits under section 444ABD(1).
- (2) For the purposes of subsection (1) above “the appropriate fraction” is—
$$LABLTL$where—LABL is the amount of the liabilities transferred that are referable to the life assurance business (but is nil if it would otherwise be below nil); andTL is the whole of the liabilities transferred.$
- (3) But if the amount of the liabilities transferred is nil, the appropriate fraction for the purposes of subsection (1) above is such fraction as is just and reasonable.
- (4) There is referable to the gross roll-up business of the transferee the relevant fraction of the amount brought into account as a business transfer-in and of any amount taken into account as profits under section 444ABD(1).
- (5) For the purposes of subsection (4) above “the relevant fraction” is—
$$GRBLTL$where—GRBL is the amount of the liabilities transferred that are referable to the gross roll-up business (but is nil if it would otherwise be below nil); andTL has the same meaning as in subsection (2) above.$
- (6) But if the amount of the liabilities transferred is nil, the relevant fraction for the purposes of subsection (4) above is such fraction as is just and reasonable.
### Miscellaneous provisions relating to life assurance business
##### 434AZA
- (1) Where this section applies in the case of a company carrying on life assurance business, relief allowable under section 393A or Chapter 4 of Part 10 in respect of losses incurred by the company in the life assurance business in an accounting period is reduced in accordance with section 434AZB.
- (2) This section applies in the case of a company where—
- (a) there has been a relevant addition to one or more non-profit funds in a period of account ending no later than the accounting period (“the relevant period of account”) (see subsection (3)),
- (b) the company is not a non-profit company in relation to the relevant period of account and has not elected under subsection (9) of section 83YA of the Finance Act 1989 to be treated for the purposes of that section as if it were, and
- (c) condition A or B is met,
and, if the relevant period of account is not the period of account ending with the accounting period (“the current period of account”), condition C is also met.
- (3) For the purposes of subsection (2), there is a relevant addition to a non-profit fund in the relevant period of account if an amount is shown as a transfer from non-technical account in line 32 of the Form 58 of the non-profit fund in the periodical return for that period of account.
- (4) Condition A is that there is a relevant book value election in relation to assets of a non-profit fund of the company.
- (5) For the purposes of subsection (4), there is a relevant book value election in relation to assets of a non-profit fund if an amount is shown in relation to the non-profit fund as the excess of the value of net admissible assets in line 51 of the Form 14 of the non-profit fund in the periodical return for the current period of account.
- (6) Condition B is that the company is party to arrangements the main purpose, or one of the main purposes, of which is to reduce the relevant admissible value of assets of a non-profit fund of the company, other than any structural assets.
- (7) For the purposes of subsection (6) (and section 434AZB), the “*relevant admissible value*” means the value reflected in line 89 of Form 13 of the periodical return for the current period of account.
- (8) Condition C is that the surplus arising since the last valuation shown in line 34 of the Form 58 of the non-profit fund, or any of the non-profit funds, in relation to which condition A or B is met in the periodical return for the current period of account is a negative amount.
#### Exempt distributions: division of business
##### 434AZB
- (1) The amount of the relief allowable as mentioned in section 434AZA(1) is reduced by whichever of the following is the least—
- (a) the amount of the loss,
- (b) the amount specified in subsection (2), and
- (c) the amount specified in subsection (4).
- (2) The amount mentioned in subsection (1)(b) is—
- (a) where only condition A in section 434AZA is met, the relevant amount relating to the non-profit fund in relation to which it is met or (where it is met in relation to more than one non-profit fund) the sum of the relevant amounts relating to them,
- (b) where only condition B is met, the amount of the relevant reduction relating to the non-profit fund in relation to which it is met or (where it is met in relation to more than one non-profit fund) the sum of the relevant reductions relating to them, and
- (c) where both condition A and condition B are met, the aggregate of the amounts in paragraphs (a) and (b).
- (3) In subsection (2)—
- (a) “*relevant amount*”, in relation to a non-profit fund, means the amount shown in relation to the non-profit fund as the excess of the value of net admissible assets in line 51 of the Form 14 of the non-profit fund in the periodical return for the current period of account (as reduced by any amount which has had effect to reduce relief for losses for a previous accounting period), and
- (b) “*relevant reduction*”, in relation to a non-profit fund, means the reduction of the relevant admissible value of assets of the non-profit fund (other than structural assets) which is attributable to the arrangements (as so reduced).
- (4) The amount mentioned in subsection (1)(c) is—
- (a) if the relevant period of account is the current period of account, the amount referred to in section 434AZA(3) in the case of the non-profit fund, or of each of the non-profit funds, to which there has been a relevant addition in the relevant period of account, and
- (b) otherwise, so much of the amount shown in line 31 of the Form 58 of the non-profit fund or non-profit funds in the periodical return for the current period of account as is attributable to the amount so referred to.
##### 434AZC
- (1) For the purposes of sections 434AZA and 434AZB, a non-profit fund required to support a with-profits fund is to be treated as not being a non-profit fund.
- (2) Sections 434AZA and 434AZB apply to a non-profit part of a with-profits fund as if references to something shown in the Form 14 or Form 58 of the non-profit fund in a periodical return were to what would be so shown if there were a Form 14 or Form 58 of the non-profit part of the with-profits fund in the periodical return.
- (3) In sections 434AZA and 434AZB—
- “*arrangements*” includes any agreement, understanding, scheme, transaction or series of transactions (whether or not legally enforceable), and
- “*structural assets*” has the same meaning as in section 83XA of the Finance Act 1989 (see subsection (3) of that section and any regulations made under it).
##### 434B
- (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 434C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 434D
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 434E
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 436A
- (1) Profits arising to an insurance company from gross roll-up business—
- (a) are to be treated as income within Schedule D, and
- (b) are chargeable under Case VI of that Schedule.
- (2) For that purpose—
- (a) the gross roll-up business is to be treated separately, and
- (b) the profits from it are to be computed in accordance with the provisions of this Act applicable to Case I of Schedule D.
- (3) In making that computation, sections 82 and 82B to 83AB 83ZA of the Finance Act 1989 apply with the necessary modifications.
- (4) If in any accounting period an insurance company incurs a loss, to be computed on the same basis as the profits, arising from its gross roll-up business—
- (a) the loss must be set off against the amount of any profits chargeable under this section for any subsequent accounting period, and
- (b) accordingly, the amount of the company's profits so charged in any such accounting period is to be treated as reduced by the amount of the loss or so much of that amount as cannot be relieved under this section against profits of an earlier accounting period.
- (5) Section 396 does not apply to a loss incurred by an insurance company on its gross roll-up business.
- (6) No loss to which section 396 applies may be set off under subsection (4) above against the amount of any profits chargeable under this section.
- (7) This section does not apply in relation to an insurance company for an accounting period if the profits of its long-term business for the accounting period are charged to tax under Case I of Schedule D.
##### 436B
- (1) Gains referable to gross roll-up business are not chargeable gains.
- (2) For the purposes of this section “*gains referable to gross roll-up business*” means gains which—
- (a) accrue to an insurance company on the disposal by it of assets of its long-term insurance fund, and
- (b) are referable (in accordance with section 432A) to gross roll-up business.
##### 437A
- (1) For the purposes of section 437 an annuity is a steep-reduction annuity if—
- (a) the amount of any payment in respect of the annuity (but not the term of the annuity) depends on any contingency other than the duration of a human life or lives;
- (b) the annuitant is entitled in respect of the annuity to payments of different amounts at different times; and
- (c) those payments include a payment (“*a reduced payment*”) of an amount which is substantially smaller than the amount of at least one of the earlier payments in respect of that annuity to which the annuitant is entitled.
- (2) Where there are different intervals between payments to which an annuitant is entitled in respect of any annuity, the question whether or not the conditions in subsection (1)(b) and (c) above are satisfied in the case of that annuity shall be determined by assuming—
- (a) that the annuitant’s entitlement, after the first payment, to payments in respect of that annuity is an entitlement to payments at yearly intervals on the anniversary of the first payment; and
- (b) that the amount to which the annuitant is assumed to be entitled on each such anniversary is equal to the annuitant’s assumed entitlement for the year ending with that anniversary.
- (3) For the purposes of subsection (2) above an annuitant’s assumed entitlement for any year shall be determined as follows—
- (a) the annuitant’s entitlement to each payment in respect of the annuity shall be taken to accrue at a constant rate during the interval between the previous payment and that payment; and
- (b) his assumed entitlement for any year shall be taken to be equal to the aggregate of the amounts which, in accordance with paragraph (a) above, are treated as accruing in that year.
- (4) In the case of an annuity to which subsection (2) above applies, the reference in section 437(1CB)(a) to the making of a reduced payment shall be construed as if it were a reference to the making of a payment in respect of that annuity which (applying subsection (3)(a) above) is taken to accrue at a rate that is substantially less than the rate at which at least one of the earlier payments in respect of that annuity is taken to accrue.
- (5) Where—
- (a) any question arises for the purposes of this section whether the amount of any payment in respect of any annuity—
- (i) is substantially smaller than the amount of, or
- (ii) accrues at a rate substantially less than,
an earlier payment in respect of that annuity, and
- (b) the annuitant or, as the case may be, every annuitant is an individual who is beneficially entitled to all the rights conferred on him as such an annuitant,
that question shall be determined without regard to so much of the difference between the amounts or rates as is referable to a reduction falling to be made as a result of the occurrence of a death.
- (6) Where the amount of any one or more of the payments to which an annuitant is entitled in respect of an annuity depends on any contingency, his entitlement to payments in respect of that annuity shall be determined for the purposes of section 437(1CA) to (1CC) and this section according to whatever (applying any relevant actuarial principles) is the most likely outcome in relation to that contingency.
- (7) Where any agreement or arrangement has effect for varying the rights of an annuitant in relation to a payment in respect of any annuity, that payment shall be taken, for the purposes of section 437(1CA) to (1CC) and this section, to be a payment of the amount to which the annuitant is entitled in accordance with that agreement or arrangement.
- (8) References in this section to a contingency include references to a contingency that consists wholly or partly in the exercise by any person of any option.
##### 438B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 438C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 439A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 439B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 440B
- (1) The following provisions apply where the profits of a company’s life assurance business are charged to tax in accordance with Case I of Schedule D in accordance with section 431G(3).
- (1A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) Subsection (1) of section 440 applies as if the only categories set out in subsection (4) of that section were—
- (a) assets of the long-term insurance fund, and
- (b) other assets.
- (4) Section 440A applies as if for paragraphs (a), (d) and (e) of subsection (2) there were substituted—
- (“) so many of the securities as are included in the company's long-term insurance fund shall be treated for the purposes of corporation tax as a separate holding which is an asset of that fund, and
- (b) any remaining securities shall be treated for those purposes as a separate holding which is not of the description mentioned in the preceding paragraph.”.
- (4A) Section 440(2) does not apply if either the transferor or the company by which the asset is acquired is a company whose profits are charged to tax in accordance with Case I of Schedule D (or if they both are).
- (4B) Section 211 of the 1992 Act does not apply if the transferor is a company whose profits are charged to tax in accordance with Case I of Schedule D.
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 440C
- (1) Subsection (2) makes provision for a case where—
- (a) subsection (4) of section 431G applies in relation to the profits of the life assurance business of an insurance company for any accounting period, but
- (b) the profits of that business for a succeeding accounting period fall to be charged to tax in accordance with Case I of Schedule D by virtue of subsection (3) of that section.
- (2) The loss referred to in section 431G(4)(b) (less any loss for the same accounting period set off under section 436A for any intervening accounting period and any amount deducted for any such period in respect of the loss by virtue of section 85A(3)(b) of the Finance Act 1989) may be set off under section 393 against profits of that succeeding accounting period (without being reduced in accordance with section 434A(2)(a)).
- (3) In determining whether any loss has been set off under section 436A for any intervening accounting period, or whether any amount has been deducted for any such period in respect of the loss by virtue of section 85A(3)(b) of the Finance Act 1989, losses of earlier accounting periods are to be assumed to be set off before those of later accounting periods.
- (4) Subsection (5) makes provision for a case where—
- (a) a loss arises to an insurance company for an accounting period for which the profits of its life assurance business fall to be charged to tax in accordance with Case I of Schedule D by virtue of section 431G(3)(b),
- (b) the profits of that business for a subsequent accounting period are charged to tax under the I minus E basis, and
- (c) had those profits (instead) been charged to tax in accordance with Case I of Schedule D, any of that loss would have been available to be set off against them under section 393.
- (5) The loss is to be treated for the purposes of the operation of section 436A in relation to the subsequent accounting period as if it were a loss arising from its gross roll-up business in the accounting period in which it arose.
- (6) Subsections (7) and (8) make provision for a case where—
- (a) the profits of the life assurance business of an insurance company for an accounting period are charged to tax under the I minus E basis,
- (b) the profits of that business for its next accounting period fall to be charged to tax in accordance with Case I of Schedule D by virtue of section 431G(3), and
- (c) that prevents the giving of relief in accordance with section 86(8) of the Finance Act 1989 (acquisition expenses relieved in fractions under section 76).
- (7) Any relief which would have been so given in—
- (a) the next accounting period, or
- (b) any subsequent accounting period for which the profits of the company's life assurance business continue to be charged to tax in accordance with Case I of Schedule D,
may be given by set-off against any gains treated as accruing under section 213(1) of the 1992 Act at the end of the accounting period.
- (8) But if the profits of the company's life assurance business for a subsequent accounting period are charged to tax under the I minus E basis, any relief not previously given under subsection (7) is to be treated for the purposes of the operation of section 76 in relation to the first subsequent accounting period for which profits are so charged as if it were an amount which is to be relieved under that section by virtue of section 86(8) and (9) of the Finance Act 1989.
#### Stock dividends: distributions.
##### 440D
Schedule 19ABA (which makes modifications of this Act in relation to BLAGAB group reinsurers) shall have effect.
##### 441B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 442A
- (1) Where an insurance company reinsures any risk in respect of a policy or contract attributable to its basic life assurance and general annuity business, the investment return on the policy or contract shall be treated as accruing to the company while the risk remains reinsured by the company under the reinsurance arrangement and shall be charged to tax under Case VI of Schedule D.
- (2) The Board may make provision by regulations as to the amount of investment return to be treated as accruing in each accounting period during which the reinsurance arrangement is in force.
- (3) The regulations may, in particular, provide that the investment return to be treated as accruing to the company in respect of a policy or contract in any accounting period shall be calculated by reference to—
- (a) the aggregate of the sums paid by the company to the reinsurer during that accounting period and any earlier accounting periods by way of premium or otherwise;
- (b) the aggregate of the sums paid by the reinsurer to the company during that accounting period and any earlier accounting periods by way of commission or otherwise;
- (c) the aggregate amount of the net investment return treated as accruing to the company in any earlier accounting periods, that is to say, net of tax at such rate as may be prescribed; and
- (d) such percentage rate of return as may be prescribed.
- (3A) Where a transfer of the reinsurance arrangement from one insurance company (“*the transferor*”) to another (“*the transferee*”) is effected by novation or an insurance business transfer scheme, for the purpose of calculating the investment return to be treated as accruing to the transferee in respect of the policy or contract after the transfer, the references to the company in subsection (3)(a), (b) and (c) above include (as well as the transferee)—
- (a) the transferor, and
- (b) any insurance company from which the reinsurance arrangement was transferred on an earlier transfer effected by novation or an insurance business transfer scheme.
- (4) The regulations shall provide that the amount of investment return to be treated as accruing . . . in respect of a policy or contract in the final accounting period during which the policy or contract is in force is the amount, ascertained in accordance with regulations, by which the profit over the whole period during which the policy or contract, and the reinsurance arrangement, were in force exceeds the aggregate of the amounts treated as accruing in earlier accounting periods.
- (5) Regulations under this section—
- (a) may exclude from the operation of this section such descriptions of insurance company, such descriptions of policies or contracts and such descriptions of reinsurance arrangements as may be prescribed;
- (b) may make such supplementary provision as to the ascertainment of the investment return to be treated as accruing to the company as appears to the Board to be appropriate, including provision requiring payments made during an accounting period to be treated as made on such date or dates as may be prescribed; and
- (c) may make different provision for different cases or descriptions of case.
- (6) In this section “*prescribed*” means prescribed by regulations under this section.
##### 444AZA
- (1) This section applies where—
- (a) an insurance business transfer scheme has effect to transfer life assurance business from one person (“*the transferor*”) to another (“*the transferee*”),
- (b) assuming the transferor had continued to carry on the business transferred after the transfer, the amount of any profits would have been charged to tax in respect of that business under the I minus E basis,
- (c) the profits in respect of the business transferred for the first period of account of the transferee ending after the date on which the transfer takes effect are charged to tax in accordance with Case I of Schedule D by virtue of section 431G(3), and
- (d) the conditions in paragraphs (a) and (b) of section 343(1) are satisfied in relation to the business transferred (construing references to an event as to a transfer).
- (2) Any loss which (assuming the transferor had continued to carry on the business transferred after the transfer) would have been available to be set off against profits chargeable under section 436A (a “Case VI loss”) shall instead be treated as a loss of the transferee (a “Case I loss”) available to be set off against GRBP in relation to a period of account.
- (3) For the purposes of subsection (2) above “*GRBP*”, in relation to a period of account, is—
$P×GRBTLTL$
where—
- *P* is the amount of such profits of the transferee's life assurance business for the period of account as relate to the business transferred (that amount being determined in accordance with section 343(9) and (10), where applicable),
- *GRBTL* is the mean of the opening and closing liabilities of the transferred gross roll-up business for the period of account, and
- *TL* is the mean of the opening and closing liabilities of the transferred life assurance business for the period of account.
- (4) Where the transfer is of part only of the transferor's long-term business, subsection (2) above shall apply only to such part of any Case VI loss to which it would otherwise apply as is appropriate.
- (5) Any question arising as to the operation of subsection (4) above shall be determined by the Special Commissioners who shall determine the question in the same manner as they determine appeals; but both the transferor and the transferee shall be entitled to appear and be heard or to make representations in writing.
#### Dividend or bonus granted by industrial and provident society
##### 444AZB
- (1) This section applies where—
- (a) an insurance business transfer scheme has effect to transfer life assurance business from one person (“*the transferor*”) to another (“*the transferee*”),
- (b) assuming the transferor had continued to carry on the business transferred after the transfer, the amount of any profits would have been charged to tax in accordance with Case I of Schedule D by virtue of section 431G(3),
- (c) the profits in respect of the business transferred for the first period of account of the transferee ending after the date on which the transfer takes effect are charged to tax under the I minus E basis, and
- (d) the conditions in paragraphs (a) and (b) of section 343(1) are satisfied in relation to the business transferred (construing references to an event as to a transfer).
- (2) The relevant fraction of any loss which (assuming the transferor had continued to carry on the business transferred after the transfer) would have been available to be set off against profits of that business (a “Case I loss”) shall instead be treated as a loss of the transferee (a “Case VI loss”) available to be set off against the amount of such profits chargeable under section 436A for a period of account as relate to the business transferred (that amount being determined in accordance with section 343(9) and (10), where applicable).
- (3) For the purposes of subsection (2) above “*the relevant fraction*”, in relation to a period of account, is—
$GRBTLTL$
where—
- *GRBTL* is the mean of the opening and closing liabilities of the transferred gross roll-up business for the period of account, and
- *TL* is the mean of the opening and closing liabilities of the transferred life assurance business for the period of account.
- (4) Where the transfer is of part only of the transferor's long-term business, subsection (2) above shall apply only to such part of the amount of any Case I loss to which it would otherwise apply as is appropriate.
- (5) Any question arising as to the operation of subsection (4) above shall be determined by the Special Commissioners who shall determine the question in the same manner as they determine appeals; but both the transferor and the transferee shall be entitled to appear and be heard or to make representations in writing.
##### 444AA
- (1) This section applies where the whole, or substantially the whole, of the long-term business of a person (“*the transferor*”) is transferred from that person—
- (a) by one insurance business transfer scheme, or
- (b) by two or more insurance business transfer schemes which are associated.
- (2) For the purposes of subsection (1) above two or more insurance business transfer schemes are associated if they form part of an arrangement for the transfer of the whole, or substantially the whole, of the transferor's long-term business.
- (3) Where (apart from this subsection) there would not be a periodical return of the transferor covering a period ending immediately before a relevant transfer date, there is to be deemed for the purposes of corporation tax to be a periodical return of the transferor covering the period—
- (a) beginning immediately after the last period ending before the relevant transfer date which is covered by a periodical return of the transferor, and
- (b) ending immediately before the relevant transfer date,
containing such entries as would be included in an actual periodical return of the transferor covering that period (and so making that period a period of account of the transferor).
- (4) There is to be deemed for the purposes of corporation tax to be a periodical return of the transferor—
- (a) covering a relevant transfer date, and
- (b) containing such entries as would be included in an actual periodical return covering the relevant transfer date,
(and so making the relevant transfer date a period of account of the transferor).
- (5) Any actual periodical return covering a period which includes a relevant transfer date is to be ignored for the purposes of corporation tax.
- (6) Where the transferor continues to carry on long-term business after a relevant transfer date, there is to be deemed for the purposes of corporation tax to be a periodical return of the transferor covering the immediate post-RTD period containing such entries as would be included in an actual periodical return covering that period (and so making that period a period of account of the transferor).
- (7) In this section “*relevant transfer date*” means—
- (a) in relation to a case within paragraph (a) of subsection (1) above, the date that is the transfer date in relation to the insurance business transfer scheme, and
- (b) in relation to a case within paragraph (b) of that subsection—
- (i) the earliest date that is the transfer date in relation to any of the insurance business transfer schemes, other than one that is a preliminary non-EEA transfer scheme, and
- (ii) (where there are two or more insurance business transfer schemes that are not preliminary non-EEA transfer schemes) the latest date that is the transfer date in relation to any of them.
- (8) In subsection (6) above “*the immediate post-RTD period*” means the period beginning immediately after the relevant transfer date mentioned in that subsection and (subject to subsection (9) below) ending with—
- (a) the end of the period covered by the periodical return covering a period which includes a relevant transfer date (if there is one), or
- (b) (if there is not) the period covered by the accounts of the company prepared in accordance with generally accepted accounting practice which includes the relevant transfer date.
- (9) If the case is within subsection (1)(b) above and two or more of the insurance business transfer schemes are not preliminary non-EEA transfer schemes, the period ends with the latest date that is the transfer date in relation to any of them if that is before the end of the period mentioned in paragraph (a) or (b) of subsection (8) above.
- (10) In this section and sections 444AB to 444AEC “*the transfer date*”, in relation to an insurance business transfer scheme, means the date on which it takes effect.
- (11) For the purposes of this section an insurance business transfer scheme is a preliminary non-EEA transfer scheme if—
- (a) it is an insurance business transfer scheme by virtue of paragraph (b) of the definition of “insurance business transfer scheme” in section 431(2), and
- (b) the transfer date in relation to it is earlier than the transfer date in relation to an associated insurance business transfer scheme which is an insurance business transfer scheme by virtue of paragraph (a) of that definition.
##### 444AB
- (1) This section applies where, immediately after an insurance business transfer scheme has effect to transfer long-term business from one person (“*the transferor*”) to one or more others (“*the transferee*” or “*the transferees*”), the transferor—
- (a) does not carry on long-term business, but
- (b) holds assets which, immediately before the transfer, were assets of its long-term insurance fund.
- (2) The transferor shall be charged to tax under Case VI of Schedule D in respect of the taxable amount as if it had been received by the transferor during the accounting period beginning immediately after the day of the transfer.
- (3) If the transferor was charged to tax on the profits of its life assurance business under Case I of Schedule D for the accounting period ending immediately before the transfer, the taxable amount is the whole of the previously untaxed amount.
- (4) Otherwise, the taxable amount is the non-BLAGAB fraction of the previously untaxed amount.
- (5) The previously untaxed amount is the lesser of—
- (a) if there are no retained liabilities, the fair value of the retained assets or, if there are, so much of the fair value of the retained assets as exceeds the amount of the retained liabilities, and
- (b) the amount by which the fair value of the assets of the transferor’s long-term insurance fund immediately before the transfer exceeds the amount of the relevant pre-transfer liabilities.
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6A) In subsection (5) above—
- (a) “*the retained assets*” means such of the assets held by the transferor immediately after the transfer as were assets of its long-term insurance fund immediately before the transfer; and
- (b) “*the retained liabilities*” means such of the liabilities of the transferor immediately after the transfer as were included in column 1 of line 14, 17, 22, 31 or 38 of Form 14 in the periodical return of the transferor covering the period of account ending immediately before the transfer.
- (7) Subject to subsection (8) below, the amount of the relevant pre-transfer liabilities is the aggregate of the amounts shown in column 1 of lines 14 and 49 of Form 14 in the periodical return of the transferor covering the period of account ending immediately before the transfer.
- (8) If the amount of the liabilities transferred exceeds the value of the assets so transferred, as brought into account for the first period of account of the transferee (or any of the transferees) ending after the transfer, the amount of the relevant pre-transfer liabilities is the amount arrived at by deducting the excess from the aggregate of the amounts shown as mentioned in subsection (7) above.
- (9) For the purposes of subsection (4) above the non-BLAGAB fraction of the previously untaxed amount is the fraction of which—
- (a) the numerator is the amount of the liabilities transferred, apart from those which are liabilities of basic life assurance and general annuity business, and
- (b) the denominator is the amount of the liabilities transferred.
- (10) References in this section to assets held by the transferor after the transfer do not include any held on trust for the transferee or any of the transferees.
- (11) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 444ABA
- (1) For the purposes of section 444AB the relevant amount in relation to assets that are relevant non-transferred assets is—
$$FVA-RVA$where—FVA is the fair value of the assets on the transfer date, andRVA is the recognised value of the assets.$
- (2) For the purposes of this section and section 444ABB—
- (a) the recognised value of any assets which, immediately before the transfer date, are held by the transferor in a non-profit fund which is not a Form 14 line 51 fund is the relevant Form 13 value of those assets, and
- (b) the recognised value of any other assets is the appropriate fraction of the relevant Form 13 value of those assets.
- (3) For the purposes of subsection (2) above a non-profit fund is a Form 14 line 51 fund if an amount in respect of the fund is shown (or treated as shown) in line 51 of Form 14 in the periodical return of the transferor covering the relevant period of account.
- (4) For the purposes of subsection (2) above the relevant Form 13 value of any assets is the value which is shown (or treated as shown) in respect of the assets in Form 13 in the periodical return of the transferor covering the relevant period of account (ignoring lines 91 to 99 of that Form).
- (5) For the purposes of subsection (2)(b) above the appropriate fraction is—
$$1-AB$where—A is the amount shown (or treated as shown) in line 51 of Form 14 in the periodical return of the transferor covering the relevant period of account in respect of the fund in which, immediately before the transfer date, the assets are held by the transferor, increased or reduced as mentioned in subsection (6) below, andB is the amount shown (or treated as shown) in line 89 of Form 13 in that periodical return in respect of that fund.$
- (6) The increase or reduction referred to in the definition of A in subsection (5) above is any increase or decrease deemed to be brought into account by section 83YA(3) or (4) of the Finance Act 1989 in respect of the fund for the relevant period of account.
- (7) See section 444AA for the meaning of “the transfer date”, and section 444AB for the meaning of “the relevant period of account”, in this section.
##### 444ABAA
- (1) For the purposes of section 444AB the relevant amount in relation to assets that are non-profit fund transferred assets is—
$$FVA-(ABTO+TL)$where—FVA is the fair value of the assets on the transfer date,ABTO is any amount brought into account in respect of the assets as a business transfer-out and shown (or treated as shown) in line 32 of Form 40 in the periodical return of the transferor for the period of account of the transferor including the transfer date, andTL is the amount of any non-profit fund transferred liabilities which are shown (or treated as shown) in any of lines 17, 21 to 23 and 31 to 38, but not in line 61, in Form 14 in the periodical return for the period of account of the transferor ending (or treated as ending by section 444AA) immediately before the transfer date or, if there is no period of account of the transferor so ending (or treated as so ending), the amount of any liabilities which would be so shown if one did.$
- (2) In subsection (1) “*non-profit fund transferred liabilities*” means such of the liabilities of the transferor's long-term insurance fund as are transferred from the transferor to the transferee by the insurance business transfer scheme and were, immediately before their transfer, liabilities of a non-profit fund of the transferor.
- (3) See section 444AA for the meaning of “the transfer date” in this section.
#### Restrictions on the use of tax credits by pension funds.
##### 444ABB
- (1) For the purposes of section 444AB the relevant amount in relation to assets that are retained assets is the lesser of FVA and UTA, where—
- (a) FVA is the fair value of the assets on the transfer date, and
- (b) UTA is the amount by which the fair value of the assets of the long-term insurance fund of the transferor immediately before the transfer date exceeds the amount shown (or treated as shown) in line 32 of Form 40 in the periodical return of the transferor covering the transfer date.
- (2) See section 444AA for the meaning of “the transfer date” in this section.
##### 444ABBA
- (1) This section applies where an insurance business transfer scheme has effect to transfer long-term business from one person (“*the transferor*”) to another (“*the transferee*”).
- (2) If the transferor and the transferee jointly elect, the transferee (and not the transferor) is chargeable to any amount of additional corporation tax to which the transferor would otherwise be chargeable by virtue of section 444AB(4) in relation to relevant non-transferred assets.
- (3) An election under subsection (2) above—
- (a) is to be irrevocable, and
- (b) is to be made by notice to an officer of Revenue and Customs no later than the end of the period of 90 days beginning with the day following the transfer date,
and a copy of the notice containing the election must accompany the tax return of the transferee for the first accounting period ending after the transfer. Paragraphs 54 to 60 of Schedule 18 to the Finance Act 1998 (claims and elections for corporation tax purposes) do not apply to such an election.
- (4) Where an election under subsection (2) above has been made, the transferor must inform the transferee of—
- (a) the amount of any additional corporation tax to which the transferor considers the election to apply, and
- (b) the day on which that tax is due and payable,
no later than the end of the period of 8 months beginning with the day following the transfer date.
- (5) Tax chargeable on the transferee by virtue of an election under subsection (2) above—
- (a) is due in accordance with section 59D of the Management Act on the day on which it would have been due if no election had been made, and
- (b) for the purposes of that section, is to be treated as tax payable by the transferor (and not as tax payable by the transferee).
- (6) See section 444AA for the meaning of “the transfer date” in this section.
##### 444ABC
- (1) This section applies where an insurance business transfer scheme has effect to transfer part (but not the whole or substantially the whole) of the long-term business of a person (“*the transferor*”) to another person (“*the transferee*”) and the condition in subsection (2) below is met.
- (2) That condition is that any of the assets of the transferor's long-term insurance fund which are transferred from the transferor to the transferee by the insurance business transfer scheme are not, immediately after their transfer—
- (a) if the transferee is an insurance company, assets of the transferee's long-term insurance fund, or
- (b) if the transferee is not an insurance company, assets of a with-profits fund of the transferee,
(“relevant non-transferred assets”).
- (3) The relevant amount in relation to the relevant non-transferred assets (see subsection (4) below) is to be taken into account under section 83(2) of the Finance Act 1989 as an increase in value of the assets of the long-term insurance fund of the transferor for the period of account covering the transfer date.
- (4) The relevant amount in relation to the relevant non-transferred assets is—
$$FVA-BTO$whereFVA is the fair value of the assets on the transfer date, andBTO is any amount brought into account in respect of the assets as a business transfer-out.$
- (5) See section 444AA for the meaning of “the transfer date” in this section.
##### 444ABD
- (1) Any profits representing the amount by which—
- (a) the value of the liabilities transferred by an insurance business transfer scheme, exceeds
- (b) the value of the assets transferred by the insurance business transfer scheme shown (or treated as shown) in line 32 of the periodical return of the transferor for the period of account of the transferor including the transfer date,
are to be taken into account as profits of that period of account.
- (2) See section 444AA for the meaning of “the transfer date” in this section.
##### 444AC
- (1) This section applies where an insurance business transfer scheme has effect to transfer long-term business from one person (“*the transferor*”) to another (“*the transferee*”).
- (2) If—
- (a) the transferee's line 31 amount in relation to the transfer, exceeds
- (b) the aggregate amount of the liabilities to policy holders and annuitants transferred to the transferee and of any relevant debts,
the excess is not to be regarded as a business transfer-in of the transferee for the purposes of section 83(2)(e) of the Finance Act 1989.
- (2A) Subject to subsections (2C) and (2D) below, subsection (2B) below applies if—
- (a) the aggregate amount of the liabilities to policy holders and annuitants transferred to the transferee and of any relevant debts, exceeds
- (b) the transferee's line 31 amount in relation to the transfer.
- (2B) Where this subsection applies—
- (a) the life assurance part of the excess is to be taken into account as a receipt of the transferee in computing in accordance with the provisions of this Act applicable to Case I of Schedule D the profits of its life assurance business for the period of account of the transferee in which the transfer takes place (“*the relevant period of account*”); and
- (b) the relevant proportion of the excess is to be taken into account as a receipt of the transferee in so computing the profits of its gross roll-up business for the relevant period of account;
and, for this purpose, “*the life assurance part of the excess*” means the proportion of the excess that the liabilities of the transferee's life assurance business that are transferred bear to the total liabilities transferred and “*the relevant proportion*”, in relation to the transferee's gross roll-up business, is the proportion that the liabilities of gross roll-up business that are transferred bear to the total liabilities transferred.
- (2C) Subsection (2B) above does not require the life assurance part of the excess to be taken into account as a receipt of the transferee in so computing the profits of its life assurance business for the relevant period of account if—
- (a) transferred liabilities of an aggregate amount equal to the life assurance part of the excess are not taken into account in so computing those profits for that period of account, and
- (b) the amount of the closing liabilities of that period of account is taken into account as opening liabilities in so computing those profits for the next period of account.
- (2D) Subsection (2B) above does not require the relevant proportion of the excess to be taken into account as a receipt of the transferee in so computing the profits of its gross roll-up business for the relevant period of account if—
- (a) transferred liabilities of an aggregate amount equal to the relevant proportion of the excess are not taken into account in so computing those profits for that period of account, and
- (b) the amount of the closing liabilities of that period of account is taken into account as opening liabilities in so computing those profits for the next period of account.
- (2E) In subsections (2C)(a) and (2D)(a) above “*transferred liabilities*” means—
- (a) liabilities to policy holders or annuitants at the end of the relevant period of account that were transferred to the transferee, and
- (b) payments made to discharge, during that period of account, liabilities to policy holders or annuitants that were transferred to the transferee.
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) In this section “*relevant debts*” means debts which become debts of the transferee's long-term insurance fund as a result of the transfer.
- (5) But if—
- (a) the aggregate amount of any relevant reinsurance amounts and of the fair value, as at the date of the transfer, of the assets which become assets of the transferee's long-term insurance fund as a result of the transfer, exceeds
- (b) the transferee's line 31 amount in relation to the transfer,
the amount of any relevant debts for the purposes of this section is to be reduced (but not below nil) by the excess.
- (5A) In subsection (5)(a) above “*relevant reinsurance amounts*” means—
- (a) amounts which are comprised in line 16 of Form 14 in the periodical return of the transferor covering the period ending immediately before the transfer (or would be so comprised if the transferor drew up a periodical return covering that period), or
- (b) other amounts which arise under contracts of reinsurance in relation to which the reinsurer is the transferee and which, as at the date of the transfer, have fallen due to the transferor,
and which (in either case) do not become assets of the transferee's long-term insurance fund as a result of the transfer because (and only because) they arise under contracts of reinsurance in relation to which the reinsurer is the transferee.
- (6) In determining the amount of the liabilities transferred for the purposes of this section, there is to be disregarded any reduction in the transferee's liabilities resulting from reinsurance under a contract of reinsurance which is a relevant financial reinsurance contract (within the meaning of section 82C of the Finance Act 1989).
- (7) But where—
- (a) such a reduction results from reinsurance under a contract which was entered into by the transferor as cedant before the day on which the transfer takes place, and
- (b) the transferor's rights and obligations under the contract are transferred to the transferee under the transfer,
the amount of the reduction that would (apart from this subsection) be disregarded under subsection (6) above shall be reduced (but not below nil) by the amount given by subsection (8) below or, if less, the amount given by subsection (9) below.
- (8) The amount given by this subsection is the amount by which the liabilities at the end of the closing period which fell to be taken into account in computing in accordance with the provisions of this Act applicable to Case I of Schedule D the profits of the transferor's business for that period were reduced as a result of reinsurance under the contract.
- (9) The amount given by this subsection is the amount given by paragraph (a) below reduced (but not below nil) by the amount given by paragraph (b) below—
- (a) the amount given by this paragraph is the aggregate of the relevant amounts for any accounting period, and for this purpose the relevant amount for an accounting period is the amount in sub-paragraph (i) or (ii) below or, where applicable, the aggregate of those amounts—
- (i) the amount by which the profits of the transferor's business, computed in accordance with the provisions of this Act applicable to Case I of Schedule D, were increased for that accounting period as a result of reinsurance under the contract;
- (ii) the amount by which the losses of the transferor's business, so computed, were reduced for that accounting period as a result of reinsurance under the contract; and
- (b) the amount given by this paragraph is the aggregate of the relevant amounts for any accounting period, and for this purpose the relevant amount for an accounting period is the amount in sub-paragraph (i) or (ii) below or, where applicable, the aggregate of those amounts—
- (i) the amount by which the profits of the transferor's business, so computed, were reduced for that accounting period as a result of a reduction in reinsurance under the contract;
- (ii) the amount by which the losses of the transferor's business, so computed, were increased for that accounting period as a result of a reduction in reinsurance under the contract.
- (10) In subsections (8) and (9) above—
- “*the closing period*” means the accounting period of the transferor ending with the day on which the transfer takes place;
- “the transferor's business” means—the transferor's life assurance business, andits gross roll-up business.
- (11) . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- section 98 (tied premises: receipts and expenses treated as those of trade).
- (5) Part 1 of Schedule 22 to the Finance Act 2001 (deduction for capital expenditure on remediation of contaminated land) applies in accordance with subsection (1), and the other Parts of that Schedule (further provision as to relief for remediation of contaminated land) have effect in relation to a Schedule A business in accordance with their provisions.
##### 21B
The following provisions apply for the purposes of Schedule A in relation to a Schedule A business as they apply for the purposes of Case I of Schedule D in relation to a trade—
- sections 103 to 106 . . . and 110 (post-cessation receipts and expenses, etc.) , with any reference to a trade within the charge to income tax being read as a reference to a UK property business;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- section 337(1) (effect of company beginning or ceasing to carry on trade);
- section 401(1) (pre-trading expenditure);
- section 64 of and Schedule 22 to the Finance Act 2002 (change of accounting basis).
##### 21C
- (1) The following provisions have effect for the purpose of applying the charge to corporation tax under Schedule A in relation to mutual business.
- (2) The transactions or relationships involved in mutual business are treated as if they were transactions or relationships between persons between whom no relationship of mutuality existed.
- (3) Any surplus arising from the business is regarded as a profit (and any deficit as a loss) if it would be so regarded if the business were not mutual.
- (4) The company to which the profit arises is the company which would satisfy that description if the business were not mutual business.
- (5) Nothing in this section affects the operation of section 488 (co-operative housing associations).
##### 31ZA
##### 444ACZA
- (1) This section applies where an insurance business transfer scheme has effect to transfer part (but not the whole or substantially the whole) of the long-term business of a person (“*the transferor*”) to another person (“*the transferee*”) and the condition in subsection (2) below is met.
- (2) The condition is that the transferor did not carry on life assurance business that is mutual business during the period of account of the transferor covering the transfer date.
- (3) The amount which (apart from this section) would be regarded as other income of the transferee for the purposes of section 83(2)(e) of the Finance Act 1989 for the period of account of the transferee which includes the transfer date is to be reduced by an amount equal to the transferred surplus.
- (4) In subsection (4) above “*the transferred surplus*” means such part of the amount shown (or treated as shown) in line 13 of Form 14 in the periodical return of the transferor covering the last period of account of the transferor ending before the transfer date as it is just and reasonable to regard as being attributable to the transfer.
- (5) See section 444AA for the meaning of “the transfer date” in this section.
##### 444ACA
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 444AD
- (1) This section applies where an insurance business transfer scheme has effect to transfer long-term business from one person (“*the transferor*”) to another (“*the transferee*”).
- (2) If the transferor and the transferee jointly elect, section 83(2B) of the Finance Act 1989 does not apply to the transferor by reason of the transfer as respects so much of the value of the assets to which it would otherwise so apply as does not exceed the amount specified in subsection (4) below.
- (3) An election under subsection (2) above—
- (a) is irrevocable, and
- (b) is to be made by notice to an officer of the Board no later than the end of the period of 28 days beginning with the day following that on which the transfer takes place;
and a copy of the notice containing the election must accompany the tax return of the transferee for the first accounting period ending after the transfer.
Paragraphs 54 to 60 of Schedule 18 to the Finance Act 1998 (claims and elections for corporation tax purposes) do not apply to such an election.
- (4) The amount referred to in subsection (2) above is the amount by which—
- (a) the fair value of such of the assets of the long-term insurance fund of the transferee immediately after the transfer as were assets of the transferor’s long-term insurance fund immediately before the transfer, is greater than
- (b) the transferee's line 31 amount in relation to the transfer representing the transferor’s long-term insurance fund.
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) For the purposes of this section “*insurance business transfer scheme*” includes a scheme which would be such a scheme but for section 105(1)(b) of the Financial Services and Markets Act 2000 (which requires the business transferred to be carried on in an EEA State).
##### 444AE
- (1) This section applies where an insurance business transfer scheme has effect to transfer long-term business from one person (“*the transferor*”) to another (“*the transferee*”).
- (2) If a contingent loan made to the transferor (within the meaning of subsection (1) of section 83ZA of the Finance Act 1989) is transferred to the transferee, that section has effect as if—
- (a) the contingent loan had become repayable by the transferor immediately before the transfer, and
- (b) the contingent loan were made to the transferee immediately after the transfer.
##### 444AEA
- (1) This section applies where—
- (a) as a result of the whole or any part of transfer scheme arrangements involving the transfer of long-term business from one person (“*the transferor*”) to another (“*the transferee*”) a Case I advantage is obtained by the transferor or the transferee (or by both), and
- (b) the sole or main purpose, or one of the main purposes, of the whole or any part of the transfer scheme arrangements is the obtaining of that Case I advantage.
- (2) In subsection (1) above “*transfer scheme arrangements*” means an insurance business transfer scheme (“*the relevant transfer scheme*”) together with any relevant associated operations.
- (3) If a Case I advantage is obtained by the transferor (see subsection (1) of section 444AEB), the amount of the transferor's Case I advantage (see subsection (2) of that section) is to be taken into account as an increase in value of the assets of the long-term insurance fund of the transferor for the period of account of the transferor covering the transfer date.
- (4) If a Case I advantage is obtained by the transferee (see subsection (1) of section 444AEC), the amount of the transferee's Case I advantage (see subsection (2) of that section) is to be taken into account as an increase in value of the assets of the long-term insurance fund of the transferee for the first period of account of the transferee ending after the transfer date.
- (5) In this section and sections 444AEB and 444AEC “*relevant associated operations*”, in relation to the relevant transfer scheme, means—
- (a) any other insurance business transfer scheme,
- (b) any contract of reinsurance,
- (c) any reconstruction or amalgamation involving the transferor, a dependant of the transferor which is an insurance undertaking or the transferee, or
- (d) any surplus-increasing transfer of assets,
which is effected in connection with the relevant transfer scheme.
- (6) In subsection (5) above—
- “*dependant*” and “*insurance undertaking*” have the same meaning as in the Insurance Prudential Sourcebook, and
- “*surplus-increasing transfer of assets*” means a transfer of assets of the transferor's long-term insurance fund to the transferee which is not brought into account for any period of account of the transferee but increases the amount of total surplus shown in line 39 of Form 58 in any periodical return of the transferee.
- (7) See section 444AA for the meaning of “the transfer date” in this section.
##### 444AEB
- (1) A Case I advantage is obtained by the transferor if—
- (a) Case I profits of its life assurance business for a period of account to which this section applies are less than they would be but for the transfer scheme arrangements or any part of the transfer scheme arrangements, or
- (b) Case I losses of its life assurance business for such a period of account are greater than they would be but for the transfer scheme arrangements or any part of the transfer scheme arrangements.
- (2) If a Case I advantage is obtained by the transferor, the amount of the Case I advantage is the aggregate of—
- (a) the amounts (if any) by which Case I profits for each period of account to which this section applies are less than they would be but for the transfer scheme arrangements or part, and
- (b) the amounts (if any) by which Case I losses for each such period of account are greater than they would be but for the transfer scheme arrangements or part.
- (3) This section applies to a period of account if it is—
- (a) the period of account of the transferor covering the transfer date,
- (b) any earlier period of account of the transferor, or
- (c) where any relevant associated operations are effected in any later period of account, that period of account.
- (4) In this section and section 444AEC “Case I profits” and “*Case I losses*” means profits and losses computed in accordance with the provisions of Case I of Schedule D.
- (5) See section 444AA for the meaning of “the transfer date”, and section 444AEA for the meaning of “relevant associated operations”, in this section.
##### 444AEC
- (1) A Case I advantage is obtained by the transferee if—
- (a) Case I profits of its life assurance business for a period of account to which this section applies are less than they would be but for the transfer scheme arrangements or any part of the transfer scheme arrangements, or
- (b) Case I losses of its life assurance business for such a period of account are greater than they would be but for the transfer scheme arrangements or any part of the transfer scheme arrangements.
- (2) If a Case I advantage is obtained by the transferee, the amount of the Case I advantage is—
- (a) the amount by which Case I profits for each period of account to which this section applies are less than they would be but for the transfer scheme arrangements or part, or
- (b) the amount by which Case I losses for each such period of account are greater than they would be but for the transfer scheme arrangements or part.
- (3) This section applies to a period of account if it is—
- (a) the first period of account of the transferee ending after the transfer date or after the effecting of the first of any relevant associated operations (if that occurs before the transfer date),
- (b) the second period of account of the transferee ending after the transfer date or after the effecting of the last of any relevant associated operations (if that occurs after the transfer date), or
- (c) any intervening period of account.
- (4) See section 444AA for the meaning of “the transfer date”, section 444AEA for the meaning of “relevant associated operations” and section 444AEB for the meaning of “Case I profits” and “Case I losses”, in this section.
##### 444AECA
- (1) This section applies where—
- (a) as a result of any part of transfer scheme arrangements involving the transfer of long-term business from one person (“*the transferor*”) to another (“*the transferee*”) a Case I advantage is obtained by the transferor or the transferee (or by both), and
- (b) the sole or main purpose, or one of the main purposes, of that part of the transfer scheme arrangements is the obtaining of that Case I advantage.
- (2) In subsection (1) above “*transfer scheme arrangements*” has the same meaning as in section 444AEA.
- (3) If a Case I advantage is obtained by the transferor (see subsection (1) of section 444AECB), the amount of the transferor's Case I advantage (see subsection (3) of that section) is to be taken into account as an increase in value of the assets of the long-term insurance fund of the transferor—
- (a) to the extent that the advantage is obtained by the transferor in the period of account covering the transfer date or any earlier period of account—
- (i) for the period of account of the transferor ending (or treated as ending) immediately before the transfer date, or
- (ii) where there is no such period, for the period of account of the transferor including the transfer date, and
- (b) to the extent that the advantage is obtained by the transferor in any later period of account of the transferor in which any relevant associated operations are effected, for that later period of account.
- (4) If a Case I advantage is obtained by the transferee (see subsection (1) of section 444AECC), the amount of the transferee's Case I advantage (see subsection (2) of that section) is to be taken into account as an increase in value of the assets of the long-term insurance fund of the transferee for the period of account of the transferee in which the advantage is obtained by the transferee.
- (5) See section 444AA for the meaning of “the transfer date”, and section 444AEA for the meaning of “relevant associated operations”, in this section.
##### 444AECB
- (1) A Case I advantage is obtained by the transferor if—
- (a) Case I profits of its life assurance business for a period of account to which this section applies are, or at the relevant time are expected to be, less than they would be but for any part of the transfer scheme arrangements, or
- (b) Case I losses of its life assurance business for such a period of account are, or at the relevant time are expected to be, greater than they would be but for any part of the transfer scheme arrangements.
- (2) But if any of the relevant associated operations would, by itself, cause the Case I profits to be greater or the Case I losses to be less than they would be but for that operation, the amount by which those profits would be greater or those losses would be less shall be taken into account in determining whether a Case I advantage is obtained by the transferor.
- (3) If a Case I advantage is obtained by the transferor, the amount of the Case I advantage is the aggregate of—
- (a) the amounts (if any) by which Case I profits for each period of account to which this section applies are, or at the relevant time are expected to be, less than they would be but for the relevant part of the arrangements, and
- (b) the amounts (if any) by which Case I losses for each such period of account are, or at the relevant time are expected to be, greater than they would be but for the relevant part of the arrangements.
- (4) This section applies to a period of account if it is—
- (a) the period of account of the transferor covering the transfer date,
- (b) any earlier period of account of the transferor, or
- (c) where any relevant associated operations are effected in any later period of account, that period of account.
- (5) In this section and section 444AECC “*the relevant part of the arrangements*” means, in relation to a Case I advantage, the part of the transfer scheme arrangements as a result of which the Case I advantage is obtained.
- (6) See section 444AA for the meaning of “the transfer date”, section 444AEA for the meaning of “relevant associated operations” and section 444AEB for the meaning of “Case I profits” and “Case I losses” and “the relevant time”, in this section.
##### 444AECC
- (1) A Case I advantage is obtained by the transferee if—
- (a) Case I profits of its life assurance business for a period of account to which this section applies are, or at the relevant time are expected to be, less than they would be but for any part of the transfer scheme arrangements, or
- (b) Case I losses of its life assurance business for such a period of account are, or at the relevant time are expected to be, greater than they would be but for the any part of the transfer scheme arrangements.
- (2) But if any of the relevant associated operations would, by itself, cause the Case I profits to be greater, or the Case I losses to be less, than they would be but for that operation, the amount by which those profits would be greater or those losses would be less shall be taken into account in determining whether a Case I advantage is obtained by the transferor.
- (3) If a Case I advantage is obtained by the transferee, the amount of the Case I advantage is—
- (a) the amount by which Case I profits for each period of account to which this section applies are, or at the relevant time are expected to be, less than they would be but for the relevant part of the arrangements, or
- (b) the amount by which Case I losses for each such period of account are, or at the relevant time are expected to be, greater than they would be but for the relevant part of the arrangements.
- (4) This section applies to a period of account if it is—
- (a) the first period of account of the transferee ending after the transfer date or after the effecting of the first of any relevant associated operations (if that occurs before the transfer date),
- (b) the second period of account of the transferee ending after the transfer date or after the effecting of the last of any relevant associated operations (if that occurs after the transfer date), or
- (c) any intervening period of account.
- (5) See section 444AA for the meaning of “the transfer date”, section 444AEA for the meaning of “relevant associated operations”, section 444AEB for the meaning of “Case I profits” and “Case I losses” and “the relevant time” and section 444AECB for the meaning of “the relevant part of the arrangements”, in this section.
##### 444AED
- (1) Section 444AEA does not apply in relation to the transferor or the transferee if, on an application under this section, the Commissioners for Her Majesty's Revenue and Customs (“the HMRC Commissioners”) have given a notice under subsection (2) below.
- (2) A notice under this subsection is a notice stating that the HMRC Commissioners are satisfied—
- (a) that the obtaining of a Case I advantage by the applicant is not the sole or main purpose of the whole or any part of the transfer scheme arrangements, or
- (b) that the transferor and the transferee are members of the same group of companies and that there is no advantage to the group arising from any Case I advantage obtained by the transferor or by the transferee.
- (3) For the purposes of this section there is no advantage to a group arising from any Case I advantage obtained by the transferor or by the transferee if—
- (a) as a result of transfer scheme arrangements, there is an increase in the liability to corporation tax of one or more companies which are members of the group of companies, and
- (b) the amount (or aggregate amount) of that increase is not less than the reduction in the liability to corporation tax of the transferor or the transferee (or both) arising from the obtaining of the Case I advantage.
- (4) An application under this section must be in writing and contain particulars of the transfer scheme arrangements.
- (5) The HMRC Commissioners may by notice require the applicant to provide further particulars in order to enable them to determine the application.
- (6) A requirement may be imposed under subsection (5) above within 30 days of the receipt of the application or of any further particulars required under that subsection.
- (7) If a notice under subsection (5) above is not complied with within 30 days or such longer period as the HMRC Commissioners may allow, they need not proceed further on the application.
- (8) The HMRC Commissioners must give notice of their decision on an application under this section to the applicant within 30 days of receiving the application or, if they give a notice under subsection (5) above, within 30 days of that notice being complied with.
- (9) If the HMRC Commissioners—
- (a) give notice to the applicant under subsection (8) above that they are not satisfied as mentioned in subsection (2) above, or
- (b) do not comply with subsection (8) above,
the applicant may require them to transmit the application to the Special Commissioners.
- (10) A requirement under subsection (9) above must be imposed within 30 days of the giving of the notice or the failure to comply and must be accompanied by any notice given under subsection (5) above and further particulars provided pursuant to any such notice.
- (11) Any notice given by the Special Commissioners has effect for the purposes of subsection (1) above as if it were given by the HMRC Commissioners.
- (12) If any particulars provided under this section do not fully and accurately disclose all facts and considerations material for the decision of the HMRC Commissioners or the Special Commissioners, any resulting notice that they are satisfied as mentioned in subsection (2) above is void.
- (13) For the purposes of this section two companies are members of the same group of companies if they are for the purposes of Chapter 4 of Part 10.
### Surpluses of mutual and former mutual businesses
##### 444AF
- (1) This section applies in relation to a period of account of an insurance company (“*the relevant period*”) if—
- (a) at any time in the relevant period the company carries on life assurance business that is not mutual business,
- (b) the company has an amount of undistributed demutualisation surplus for the relevant period (see subsection (7)), and
- (c) there is a reduction in the amount of the company's unappropriated surplus over the relevant period (see section 444AI).
- (2) Where this section applies in relation to the relevant period, there shall be deemed for the purposes of section 83(2) of the Finance Act 1989 to be brought into account for the relevant period as an increase in the value of the assets of the company's long-term insurance fund whichever of the following amounts is the smallest—
- (a) the amount of the reduction mentioned in subsection (1)(c) above;
- (b) the amount of the company's undistributed demutualisation surplus for the relevant period;
- (c) the amount of the company's relevant receipts reduction for the relevant period (see section 444AJ).
- (3) If the company prepares for the relevant period one or more such separate revenue accounts as are mentioned in section 83A(2)(b) of the Finance Act 1989—
- (a) subsection (2) above shall apply separately in relation to each separate revenue account which is recognised for the purposes of section 83 of that Act; and
- (b) for that purpose, any amount that falls to be determined in order to determine—
- (i) whether that subsection applies in relation to any such separate revenue account, and
- (ii) if so, the amount to be brought into account under that subsection in relation to that account,
shall be determined using only amounts or items which relate to the separate revenue account concerned.
- (4) In applying subsection (2) above in relation to a revenue account or separate revenue account which—
- (a) is recognised for the purposes of section 83 of that Act, and
- (b) is one in relation to which section 432C applies,
that subsection shall have effect as if for “smallest” there were substituted smaller and as if paragraph (c) were omitted.
- (5) This section shall have effect—
- (a) for the purposes of computing in accordance with the provisions of this Act applicable to Case I of Schedule D the profits of the company's life assurance business, and
- (b) for the purposes of so computing profits of the company chargeable under Case VI of Schedule D under section 436A (gross roll-up business).
- (6) But for the purposes mentioned in subsection (5)(b) above, this section and section 444AG have effect subject to the modification in section 444AH; and the Corporation Tax Acts have effect accordingly (so that there may, in particular, be a difference between—
- (a) the amount deemed to be brought into account by virtue of subsection (2) above for a period of account for those purposes, and
- (b) the amount so deemed to be brought into account for that period of account for the purposes mentioned in subsection (5)(a) above).
- (7) For the purposes of this section, the undistributed demutualisation surplus of an insurance company for the relevant period is—
- (a) an amount equal to (UDSP – AD + DTSI – DTSO); or
- (b) if that amount is a negative amount, nil.
For this purpose—
- UDSP is the undistributed demutualisation surplus of the company for the period of account immediately preceding the relevant period,
- AD is any amount deemed under this section to be brought into account for the period of account immediately preceding the relevant period as an increase in the value of the assets of the company's long-term insurance fund,
- DTSI is the total amount of any demutualisation transfer surpluses accruing to the company during the relevant period (see section 444AG),
- DTSO is the total amount of any demutualisation transfer surpluses accruing to any other company (or companies) during the relevant period on a transfer (or transfers) of life assurance business by the company to that other company (or companies).
##### 444AG
- (1) For the purposes of section 444AF and this section, a demutualisation transfer surplus accrues to an insurance company where—
- (a) life assurance business is transferred to the company by a person (“*the transferor*”),
- (b) after the transfer, the company carries on the transferred business otherwise than as mutual business, and
- (c) the condition in subsection (2) below is satisfied in relation to the transfer.
- (2) The condition is that—
- (a) immediately before the transfer, the transferor carried on the transferred business as mutual business, or
- (b) where paragraph (a) above does not apply, some or all of the transferred business was carried on by an insurance company as mutual business at a time on or after 1st January 1990 and before the transfer (“former mutual business”).
- (3) The demutualisation transfer surplus accrues to the company on the date of the transfer.
- (4) The amount of the demutualisation transfer surplus is given by subsection (5) or (6) below.
- (5) Where subsection (2)(a) above applies, the amount of the demutualisation transfer surplus is—
- (a) where the whole of the transferor's life assurance business was transferred to the company under the transfer, the aggregate of—
- (i) the unappropriated surplus of the transferor at the end of the period of account of the transferor ending immediately before the transfer, and
- (ii) the amount of any added surplus accruing to the company in connection with the transfer (see subsection (10));
- (b) otherwise, a just and reasonable portion of that aggregate amount, having regard to how much of the transferor's life assurance business was transferred to the company under the transfer.
- (6) Where subsection (2)(b) above applies, the amount of the demutualisation transfer surplus is—
- (a) where the whole of the transferor's life assurance business was transferred to the company under the transfer and all of the transferred business is former mutual business, the former mutual surplus of the transferor on the transfer date (see subsection (7));
- (b) otherwise, so much of that former mutual surplus as it is just and reasonable to attribute to the company, having regard in particular to—
- (i) how much of the transferor's life assurance business was transferred to the company under the transfer, and
- (ii) how much of the transferred business is former mutual business.
- (7) For the purposes of subsection (6) above, the former mutual surplus of the transferor on the transfer date is—
- (a) the amount given by subsection (8) below, or
- (b) if less, the amount given by subsection (9) below.
- (8) The amount given by this subsection is the total amount of any demutualisation transfer surpluses accruing to the transferor—
- (a) on or after 1st January 1990, and
- (b) on or before the date of the transfer.
- (9) The amount given by this subsection is the lowest amount of unappropriated surplus of the transferor at the end of any period of account ending—
- (a) on or after the date of the last occasion on which a demutualisation transfer surplus accrued to it as mentioned in subsection (8) above, and
- (b) on or before the date of the transfer.
- (10) For the purposes of this section, added surplus accrues to the company in connection with the transfer if—
- (a) an amount of assets is received by the company in connection with the transfer, no later than six months after the date of the transfer,
- (b) the amount is not brought into account by the company,
- (c) the amount is added to the unappropriated surplus of the company, and
- (d) the amount does not derive from any unappropriated surplus of the transferor;
and the amount of the added surplus is the amount referred to in paragraphs (a) to (d) above.
##### 444AH
- (1) The modification in this section has effect for the purposes mentioned in section 444AF(5)(b) only.
- (2) In relation to any demutualisation transfer surplus accruing to a company in a post-2002 period of account—
- (a) the references in section 444AG(5) to the unappropriated surplus of the transferor at the end of the period of account of the transferor ending immediately before the transfer shall be taken to be references to—
- (i) the amount of that unappropriated surplus, or
- (ii) if less, the unappropriated surplus of the transferor at the end of the period of account immediately preceding the first post-2002 period of account of the transferor; and
- (b) the references in sections 444AF and 444AG to the amount of any demutualisation transfer surplus are to have effect accordingly.
- (3) In this section “*post-2002 period of account*”, in relation to an insurance company, means a period of account of the company beginning on or after 1st January 2003 and ending on or after 9th April 2003.
##### 444AI
- (1) For the purposes of section 444AF—
- (a) there is a reduction in the amount of the company's unappropriated surplus over the relevant period if CUS is less than (OUS + TSI – TSO);
- (b) the amount of that reduction is the amount by which CUS is less than (OUS + TSI – TSO).
- (2) In this section—
- CUS is the amount of the company's unappropriated surplus at the end of the relevant period,
- OUS is the amount of the company's unappropriated surplus at the end of the period of account immediately preceding the relevant period,
- TSI is the total amount of any transfer surpluses accruing to the company during the relevant period (see subsections (3) to (7)),
- TSO is the total amount of any transfer surpluses accruing to any other company (or companies) during the relevant period on a transfer (or transfers) of life assurance business by the company to that other company (or companies).
- (3) For the purposes of this section, a transfer surplus accrues to an insurance company where life assurance business is transferred to the company by a person (“*the transferor*”).
- (4) The transfer surplus accrues to the company on the date of the transfer.
- (5) The amount of the transfer surplus is equal to so much of the unappropriated surplus of the transferor at the end of the period of account of the transferor ending immediately before the transfer as is transferred to the company under the transfer.
- (6) But if, immediately before the transfer, the transferor carried on the transferred business as mutual business, the amount of the transfer surplus is the aggregate of—
- (a) the amount given by subsection (5) above, and
- (b) the amount of any added surplus accruing to the company in connection with the transfer.
- (7) Subsection (10) of section 444AG applies for the purposes of subsection (6) above as it applies for the purposes of that section.
##### 444AJ
- (1) For the purposes of sections 444AF and 444AK, the amount of the company's relevant receipts reduction for the relevant period is to be calculated by—
- (a) determining, in the case of each with-profits fund of the company, the amount given by subsection (2) or (6) below for the relevant period, and
- (b) aggregating each of those amounts.
- (2) The amount, in the case of a fund other than a policy holder participation fund, is—
- (a) where the gross transfer to non-technical account for the fund for the relevant period (see subsections (3) and (4)) is greater than the post-policy holder surplus for the fund for the relevant period (see subsection (5)), the amount of the difference;
- (b) otherwise, nil.
- (3) In this section “*the gross transfer to non-technical account*” means the amount shown in line 13 of Form 58 for the fund.
- (4) But if—
- (a) there is a transfer from a with-profits fund of the company to another fund of the company (“the initial transfer”) which is shown in (or included in an amount shown in) line 14 of Form 58 for the with-profits fund,
- (b) there is a transfer from a fund of the company (whether or not the other fund mentioned in paragraph (a) above) to the non-technical account which is shown in (or included in an amount shown in) line 13 of Form 58 for that fund, and
- (c) the transfer to the non-technical account can reasonably be regarded as connected with the initial transfer,
the amount of the gross transfer to non-technical account for the relevant period given by subsection (3) above in the case of the with-profits fund is to be increased by the amount transferred to the non-technical account.
- (5) In this section “*post-policy holder surplus*” means an amount equal to—
$$SA-TAP$where—SA is—(a) the amount shown in line 34 of Form 58 for the fund (surplus arising since last valuation), or(b) if that amount is a negative amount, nil;TAP is the amount shown in line 46 of Form 58 for the fund (total allocated to policy holders).$
- (6) The amount, in the case of a policy holder participation fund, is—
- (a) where TAP is greater than SA, the amount of the difference;
- (b) otherwise, nil;
and for this purpose “*SA*” and “*TAP*” have the same meaning as in subsection (5) above.
- (7) References in this section to Form 58 are references to that Form in the periodical return of the company for the relevant period.
- (8) In this section “*policy holder participation fund*” means a fund in the case of which an amount equal to the amount shown in line 34 of Form 58 for the fund is allocated to policy holders for the relevant period.
##### 444AK
- (1) This section applies if at any time in a period of account of an insurance company (“*the relevant period*”)—
- (a) the company carries on life assurance business as mutual business, and
- (b) the company carries on gross roll-up business.
- (2) If there is a reduction in the amount of the company's unappropriated surplus over the relevant period, there shall be deemed for the purposes of section 83(2) of the Finance Act 1989 to be brought into account for the relevant period as an increase in the value of the assets of the company's long-term insurance fund—
- (a) the amount of that reduction, or
- (b) if less, the amount of the company's relevant receipts reduction for the relevant period (see section 444AJ).
- (3) But subsection (2) above shall have effect only for the purposes of computing in accordance with the provisions of this Act applicable to Case I of Schedule D the profits for the relevant period of the company's gross roll-up business.
- (4) If the company prepares for the relevant period one or more such separate revenue accounts as are mentioned in section 83A(2)(b) of the Finance Act 1989—
- (a) subsection (2) above shall apply separately in relation to each separate revenue account which is recognised for the purposes of section 83 of that Act; and
- (b) for that purpose, any amount that falls to be determined in order to determine—
- (i) whether that subsection applies in relation to any such separate revenue account, and
- (ii) if so, the amount to be brought into account under that subsection in relation to that account,
shall be determined using only amounts or items which relate to the separate revenue account concerned.
- (5) In applying subsection (2) above in relation to a revenue account or separate revenue account which—
- (a) is recognised for the purposes of section 83 of that Act, and
- (b) is one in relation to which section 432C applies,
that subsection shall have effect as if paragraph (b) and the word “or” before it were omitted.
- (6) For the purposes of this section, there is a reduction in the amount of the company's unappropriated surplus over the relevant period if—
- (a) CUS is less than OUS, and
- (b) CUS is less than UUS.
- (7) The amount of that reduction is—
- (a) the amount by which CUS is less than OUS, or
- (b) if OUS is greater than UUS, the amount by which CUS is less than UUS.
- (8) In this section—
- CUS is the amount of the company's unappropriated surplus at the end of the relevant period,
- OUS is the amount of the company's unappropriated surplus at the end of the period of account immediately preceding the relevant period,
- UUS is the amount of the company's unappropriated surplus at the end of the period of account immediately preceding the first period of account of the company to begin on or after 1st January 2003 and to end on or after 9th April 2003.
##### 444AL
- (1) This section applies for the purposes of sections 444AF to 444AK.
- (2) References to mutual business, in relation to any time, include business which at that time is treated for the purposes of section 432E as mutual business.
- (3) “*Unappropriated surplus*”, in relation to a period of account of an insurance company, means an unappropriated surplus on valuation as shown in the periodical return of the company for the period of account.
- (4) References to the unappropriated surplus of the transferor at the end of the period of account of the transferor ending immediately before the transfer are, where a period of account of the transferor does not end at that time, references to the unappropriated surplus on valuation that would have been shown in a periodical return of the transferor for that period had such a return been drawn up.
### Provisions applying in relation to overseas life insurance companies
##### 444B
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#### Election by company paying dividend.
##### 444C
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##### 444D
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 444E
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Equalisation reserves
##### 444BA
- (1) Subject to the following provisions of this section and to sections 444BB to 444BD, the rules in subsection (2) below shall apply in making any computation, for the purposes of Case I or V of Schedule D, of the profits or losses for any accounting period of an insurance company whose business has at any time been or included business in respect of which it was required, by virtue of equalisation reserve rules, to maintain an equalisation reserve.
- (2) Those rules are—
- (a) that amounts which, in accordance with equalisation reserve rules, are transferred into the equalisation reserve in respect of the company’s business for the accounting period in question are to be deductible;
- (b) that amounts which, in accordance with any such regulations, are transferred out of the reserve in respect of the company’s business for that period are to be treated as receipts of that business; and
- (c) that it must be assumed that all such transfers as are required by equalisation reserve rules to be made into or out of the reserve in respect of the company’s business for any period are made as required.
- (3) Where an insurance company having any business in respect of which it is required, by virtue of equalisation reserve rules, to maintain an equalisation reserve ceases to trade—
- (a) any balance which exists in the reserve at that time for the purposes of the Tax Acts shall be deemed to have been transferred out of the reserve immediately before the company ceases to trade; and
- (b) that transfer out shall be deemed to be a transfer in respect of the company’s business for the accounting period in which the company so ceases and to have been required by equalisation reserve rules.
- (4) Where—
- (a) an amount is transferred into an equalisation reserve in respect of the business of an insurance company for any accounting period,
- (b) the rule in subsection (2)(a) above would apply to the transfer of that amount but for this subsection,
- (c) that company by notice in writing to an officer of the Board makes an election in relation to that amount for the purposes of this subsection, and
- (d) the notice of the election is given not more than two years after the end of that period,
the rule mentioned in subsection (2)(a) above shall not apply to that transfer of that amount and, instead, the amount transferred (the “unrelieved transfer”) shall be carried forward for the purposes of subsection (5) below to the next accounting period and (subject to subsection (6) below) from accounting period to accounting period.
- (5) Where—
- (a) in accordance with equalisation reserve rules, a transfer is made out of an equalisation reserve in respect of an insurance company’s business for any accounting period,
- (b) the rule in subsection (2)(b) above would apply to the transfer but for this subsection, and
- (c) the accounting period is one to which any amount representing one or more unrelieved transfers has been carried forward under subsection (4) above,
that rule mentioned in subsection (2)(b) above shall not apply to that transfer except to the extent (if any) that the amount of the transfer exceeds the aggregate of the amounts representing unrelieved transfers carried forward to that period.
- (6) Where in the case of any company—
- (a) any amount representing one or more unrelieved transfers is carried forward to an accounting period in accordance with subsection (4) above, and
- (b) by virtue of subsection (5) above the rule in subsection (2)(b) above does not apply to an amount representing the whole or any part of any transfer out of an equalisation reserve in respect of the company’s business for that period,
the amount mentioned in paragraph (a) above shall not be carried forward under subsection (4) above to the next accounting period except to the extent (if any) that it exceeds the amount mentioned in paragraph (b) above.
- (7) To the extent that any actual or assumed transfer in accordance with equalisation reserve rules of any amount into an equalisation reserve is attributable to arrangements entered into wholly or mainly for tax purposes—
- (a) the rule in subsection (2)(a) above shall not apply to that transfer; and
- (b) the making of that transfer shall be disregarded in determining, for the purposes of the Tax Acts, whether and to what extent there is subsequently any requirement to make a transfer into or out of the reserve in accordance with equalisation reserve rules;
and this subsection applies irrespective of whether the insurance company in question is a party to the arrangements.
- (8) For the purposes of this section the transfer of an amount into an equalisation reserve is attributable to arrangements entered into wholly or mainly for tax purposes to the extent that the arrangements to which it is attributable are arrangements—
- (a) the sole or main purpose of which is, or
- (b) the sole or main benefit accruing from which might (but for subsection (7) above) be expected to be,
the reduction by virtue of this section of any liability to tax.
- (9) Where—
- (a) any transfer made into or out of an equalisation reserve maintained by an insurance company is made in accordance with equalisation reserve rules in respect of business carried on by that company over a period (“the equalisation period”), and
- (b) parts of the equalisation period are in different accounting periods,
the amount transferred shall be apportioned for the purposes of this section between the different accounting periods in the proportions that correspond to the number of days in the equalisation period that are included in each of those accounting periods.
- (10) The Treasury may by regulations provide in relation to any accounting periods ending on or after 1st April 1996 for specified transitional provisions contained in equalisation reserve rules to be disregarded for the purposes of the Tax Acts in determining how much is required, on any occasion, to be transferred into or out of any equalisation reserve in accordance with the rules.
- (11) In this section, and in sections 444BB to 444BD, “equalisation reserves rules” means the rules in chapter 7.5 of the Integrated Prudential Sourcebook.
##### 444BB
- (1) The Treasury may by regulations make provision modifying section 444BA so as, in cases mentioned in subsection (2) below—
- (a) to require—
- (i) sums by reference to which the amount of any transfer into or out of an equalisation reserve falls to be computed, or
- (ii) the amount of any such transfer,
to be apportioned between different parts of the business carried on for any period by an insurance company; and
- (b) to provide for the purposes of corporation tax for the amounts taken to be transferred into or out of an equalisation reserve to be computed disregarding any such sum or, as the case may be, any such part of a transfer as is attributed, in accordance with the regulations, to a part of the business described for the purpose in the regulations.
- (2) Those cases are cases where an insurance company which, in accordance with equalisation reserve rules, is required to make transfers into or out of an equalisation reserve in respect of any business carried on by that company for any period is carrying on, for the whole or any part of that period—
- (a) any business the income and gains of which fall to be disregarded in making a computation of the company’s profits in accordance with the rules applicable to Case I of Schedule D, or
- (b) any business by reference to which double taxation relief is afforded in respect of any income or gains.
- (3) Section 444BA shall have effect (subject to any regulations under subsection (1) above) in the case of an equalisation reserve maintained by an insurance company which—
- (a) is not resident in the United Kingdom, and
- (b) carries on business in the United Kingdom through a permanent establishment,
only if such conditions as may be prescribed by regulations made by the Treasury are satisfied in relation to that company and in relation to transfers into or out of that reserve.
- (4) Regulations under this section prescribing conditions subject to which section 444BA is to apply in the case of any equalisation reserve maintained by an insurance company may—
- (a) contain conditions imposing requirements on the company to furnish the Board with information with respect to any matters to which the regulations relate, or to produce to the Board documents or records relating to any such matters; and
- (b) provide that, where any prescribed condition is not, or ceases to be, satisfied in relation to the company or in relation to transfers into or out of that reserve, there is to be deemed for the purposes of the Tax Acts to have been a transfer out of that reserve of an amount determined under the regulations.
- (5) Regulations under this section may—
- (a) provide for apportionments under the regulations to be made in such manner, and by reference to such factors, as may be specified or described in the regulations;
- (b) make different provision for different cases;
- (c) contain such supplementary, incidental, consequential and transitional provision as the Treasury may think fit;
- (d) make provision having retrospective effect in relation to accounting periods beginning not more than one year before the time when the regulations are made;
and the powers conferred by this section in relation to transfers into or out of any reserve shall be exercisable in relation to both actual and assumed transfers.
- (6) In this section “*double taxation relief*” means—
- (a) relief under double taxation arrangements which takes the form of a credit allowed against corporation tax, or
- (b) unilateral relief under section 790(1) which takes that form;
and “*double taxation arrangements*” here means arrangements having effect by virtue of section 788.
##### 444BC
- (1) The Treasury may by regulations make provision modifying the operation of section 444BA in relation to cases where an insurance company has, for the purpose of preparing the documents it is required to prepare for the purposes of section 9.3 of the Prudential Sourcebook (Insurers), applied for any period an accounting method described in paragraph 52 or 53 of Schedule 9A to the Companies Act 1985 (accounting on a non-annual basis).
- (2) Subsection (5) of section 444BB applies for the purposes of this section as it applies for the purposes of that section.
##### 444BD
- (1) The Treasury may by regulations provide for section 444BA to have effect, in such cases and subject to such modifications as may be specified in the regulations, in relation to any equivalent reserves as it has effect in relation to equalisation reserves maintained by virtue of equalisation reserve rules.
- (2) For the purposes of this section a reserve is an equivalent reserve if—
- (a) it is maintained, otherwise than by virtue of equalisation reserve rules, either—
- (i) by an EEA firm of the kind mentioned in paragraph 5(d) of Schedule 3 to the Financial Services and Markets Act 2000 which has permission under paragraph 15 of that Schedule (as a result of qualifying for authorisation under paragraph 12(1) of that Schedule) to effect or carry out contracts of insurance in the United Kingdom, or
- (ii) by a firm which has permission under paragraph 4 of Schedule 4 to that Act (as a result of qualifying for authorisation under paragraph 2 of that Schedule) to effect or carry out contracts of insurance in the United Kingdom, or
- (iii) in respect of any business which consists of the effecting or carrying out of contracts of insurance and which is carried on outside the United Kingdom by a company resident in the United Kingdom;
- (b) the purpose for which, or the manner in which, it is maintained is such as to make it equivalent to an equalisation reserve maintained by virtue of equalisation reserve rules.
- (3) For the purposes of this section a reserve is also an equivalent reserve if it is maintained in respect of any credit insurance business in accordance with requirements imposed either—
- (a) by or under any enactment, or
- (b) under so much of the law of any territory as secures compliance with the requirements of Article 1 of the credit insurance directive (equalisation reserves for credit insurance).
- (4) Without prejudice to the generality of subsection (1) above, the modifications made by virtue of that subsection may—
- (a) provide for section 444BA to apply in the case of an equivalent reserve only where such conditions as may be specified in the regulations are satisfied in relation to the company maintaining the reserve or in relation to transfers made into or out of it; and
- (b) contain any other provision corresponding to any provision which, in the case of a reserve maintained by virtue of equalisation reserve rules, may be made under sections 444BA to 444BC.
- (5) Subsections (4) and (5) of section 444BB shall apply for the purposes of this section as they apply for the purposes of that section.
- (6) Without prejudice to the generality of section 444BB(5), the transitional provision which by virtue of subsection (5) above may be contained in regulations under this section shall include—
- (a) provision for treating the amount of any transfers made into or out of an equivalent reserve in respect of business carried on for any specified period as increased by the amount by which they would have been increased if no transfers into the reserve had been made in respect of business carried on for an earlier period; and
- (b) provision for excluding from the rule in section 444BA(2)(b) so much of any amount transferred out of an equivalent reserve as represents, in pursuance of an apportionment made under the regulations, the transfer out of that reserve of amounts in respect of which there has been no entitlement to relief by virtue of section 444BA(2)(a).
- (7) In this section—
- “credit insurance business” means business which consists of the effecting or carrying out of contracts of insurance against risks of loss to the persons insured arising from—the insolvency of debtors of theirs, orfrom the failure (otherwise than through insolvency) of debtors of theirs to pay their debts when due;
- “*the credit insurance directive*” means Council Directive [87/343/EEC](https://www.legislation.gov.uk/european/directive/1987/0343) of 22nd June 1987 amending, as regards credit insurance and suretyship insurance, First Directive 73/239 on the coordination of laws, regulations and administrative provisions relating to the taking-up and pursuit of the business of direct insurance other than life assurance; . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 458A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 461A
- (1) For the purposes of sections 461B and 461C, a “*qualifying society*” is an incorporated friendly society which—
- (a) immediately before its incorporation, was a registered friendly society to which section 461(2) did not apply,
- (b) was formed otherwise than by the incorporation of a registered friendly society or the amalgamation of two or more friendly societies and satisfies subsection (2) below, or
- (c) was formed by the amalgamation of two or more friendly societies and satisfies subsection (3) below,
and in respect of which no direction under section 461C(5) is in force.
- (2) A society satisfies this subsection if its business is limited to the provision, in accordance with the rules of the society, of benefits for or in respect of employees of a particular employer or such other group of persons as is for the time being approved for the purposes of this section by the Board.
- (3) If at the time of the amalgamation referred to in subsection (1)(c) above—
- (a) section 461(2) applied to none of the registered friendly societies being amalgamated (if any), and
- (b) all of the incorporated friendly societies being amalgamated (if any) were qualifying societies,
the society formed by the amalgamation satisfies this subsection.
- (4) For the purposes of this section and section 461C, any group of persons which was approved for the purposes of this section (as mentioned in subsection (2) above) by the Friendly Societies Commission immediately before 1st December 2001 shall be treated as having been approved for the purposes of this section by the Board on that date.
##### 461B
- (1) Subject to the following provisions of this section, a qualifying society shall, on making a claim, be entitled to exemption from . . . corporation tax (whether on income or chargeable gains) on its profits other than those arising from life or endowment business.
- (2) Subsection (1) above shall not apply to any profits arising or accruing to the society from, or by reason of its interest in, a body corporate which is a subsidiary (within the meaning of the Friendly Societies Act 1992) of the society or of which the society has joint control (within the meaning of that Act).
- (2A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) If an incorporated friendly society which is not a qualifying society makes a payment to a member in respect of his interest in the society and the payment is made otherwise than in the course of life or endowment business and exceeds the aggregate of any sums paid by him to the society by way of contributions or deposits, after deducting from that aggregate the amount of—
- (a) any previous payment so made to him by the society, and
- (b) any earlier repayment of such sums paid by him,
the excess shall be treated for the purposes of corporation tax and income tax as a qualifying distribution.
- (4) In relation to an incorporated friendly society which, immediately before its incorporation, was a registered friendly society to which section 461(2) applied—
- (a) the references in subsection (3) above to sums paid to the society shall include sums paid to the registered friendly society,
- (b) the reference in subsection (3)(a) above to any payment made by the society shall include any payment made by the registered friendly society after 26 March 1974 or such later date as was specified in any direction under section 461 (7) relating to it, and
- (c) the reference in subsection (3)(b) above to any repayment shall include any repayment made by the registered friendly society.
- (5) Where a qualifying society at any time ceases by virtue of section 91 of the Friendly Societies Act 1992 (conversion into company) to be registered under that Act, the company into which the society is converted shall be exempt from . . . corporation tax on its profits arising from any part of its business, other than life or endowment business, which relates to contracts made before that time.
- (6) But if during an accounting period of the company there is an increase in the scale of benefits which it undertakes to provide in the course of carrying on any such part of its business, the company shall not be exempt from corporation tax by virtue of subsection (5) above for that or any subsequent accounting period.
- (6A) Where—
- (a) at any time an insurance company acquires by way of transfer of engagements from a qualifying society any business other than life or endowment business, and
- (b) immediately before that time the society was exempt from corporation tax on profits arising from that business,
the insurance company shall be exempt from corporation tax on its profits arising from any part of that business which relates to contracts made before that time.
- (6B) But if during an accounting period of the insurance company there is an increase in the scale of benefits which it undertakes to provide in the course of carrying on any such part of that business, the company shall not be exempt from corporation tax by virtue of subsection (6A) above for that or any subsequent accounting period.
- (7) Any part of a company’s business to which an exemption under subsection (5) or (6A) above relates shall be treated for the purposes of the Corporation Tax Acts as a separate business from any other business carried on by the company.
- (8) The Treasury may by regulations provide that, where any part of the business of a company is exempt from corporation tax by virtue of subsection (5) or (6A) above, the Corporation Tax Acts have effect subject to such modifications (or exceptions) as the Treasury consider appropriate.
- (9) Regulations under subsection (8) above—
- (a) may make different provision for different cases,
- (b) may include any incidental, supplementary, consequential or transitional provisions which the Treasury consider appropriate, and
- (c) may include retrospective provision.
##### 461C
- (1) Subject to subsection (2) below, subsections (3) and (4) below apply where a qualifying society—
- (a) begins to carry on business other than life or endowment business, or
- (b) in the opinion of the Board, begins to carry on business other than life or endowment business on an enlarged scale or of a new character.
- (2) Subsections (3) and (4) below do not apply if—
- (a) the society’s business is limited to the provision, in accordance with the rules of the society, of benefits for or in respect of employees of a particular employer or such other group of persons as is for the time being approved for the purposes of section 461 or 461A by the Board, or
- (b) the society’s rules limit the aggregate amount which may be paid by a member by way of contributions and deposits to not more than £1 per month or such greater amount as is authorised for the purposes of section 461.
- (3) If it appears to the Board, having regard to the restrictions imposed by section 461 on registered friendly societies registered after 31st May 1973, that for the protection of the revenue it is expedient to do so, the Board may give a direction to the society under subsection (4) below.
- (4) A direction under this subsection is that (and has the effect that) the society to which it is given shall cease to be a qualifying society as from the date of the direction.
- (5) A society to which a direction is given may, within 30 days of the date on which it is given, appeal against the direction to the Special Commissioners on the ground that—
- (a) it has not begun to carry on business as mentioned in subsection (1) above;
- (b) subsections (3) and (4) above do not apply to it by reason of subsection (2) above; or
- (c) the direction is not necessary for the protection of the revenue.
##### 461D
- (1) Where—
- (a) at any time a friendly society (“*the transferee*”) acquires by way of transfer of engagements or amalgamation from another friendly society (“*the transferor*”) any business, other than life or endowment business, consisting of business which relates to contracts made before that time, and
- (b) immediately before that time the transferor was exempt from corporation tax on profits arising from that business,
the transferee is so exempt after that time.
- (2) But if during an accounting period of the transferee there is an increase in the scale of benefits which it undertakes to provide in the course of carrying on that business, the transferee shall not be exempt from corporation tax by virtue of subsection (1) above for that or any subsequent accounting period.
- (3) Where—
- (a) at any time a friendly society (“*the transferee*”) acquires by way of transfer of engagements or amalgamation from another friendly society (“*the transferor*”) any business, other than life or endowment business, consisting of business which relates to contracts made before that time, and
- (b) immediately before that time the transferor was not exempt from corporation tax on profits arising from that business,
the transferee is not so exempt after that time.
- (4) The Treasury may by regulations provide that, where any business of a friendly society is exempt from corporation tax by virtue of subsection (1) above, or not so exempt by virtue of subsection (3) above, the Corporation Tax Acts have effect subject to such modifications (or exceptions) as the Treasury consider appropriate.
- (5) Regulations under subsection (4) above—
- (a) may make different provision for different cases,
- (b) may include any incidental, supplementary, consequential or transitional provisions which the Treasury consider appropriate, and
- (c) may include retrospective provision.
##### 462A
- (1) Where a registered friendly society has tax exempt life or endowment business which includes contracts—
- (a) made before 20th March 1991, and
- (b) expressed at the outset not to be made in the course of such business,
the society may by notice to the inspector elect that section 460(1) shall not apply to so much of the profits arising from such business as is attributable to such contracts.
- (2) Where a registered friendly society has tax exempt life or endowment business which includes contracts falling within subsection (3) below, the society may by notice to the inspector elect that section 460(1) shall not apply to so much of the profits arising from such business as is attributable to such contracts.
- (3) A contract falls within this subsection if—
- (a) at the outset, it is neither expressed to be made in the course of tax exempt life or endowment business nor expressed not to be so made but is assumed by the society not to be so made, and
- (b) the policy issued in pursuance of it falls within paragraph 21(1)(b) of Schedule 15.
- (4) An election under subsection (2) above shall only be valid if the society satisfies the inspector (or the Commissioners on appeal) that it is possible to identify all the contracts to which the election relates.
- (5) If the inspector decides that he is not satisfied as mentioned in subsection (4) above, he shall give notice of his decision to the society; and section 42(3), (4) and (9) of, and paragraph 1(1) to (1E) of Schedule 2 to, the Management Act shall apply in relation to such a decision as they apply in relation to a decision of an inspector on a claim.
- (6) An election under subsection (1) or (2) above shall have effect for accounting periods ending on or after the day on which the Finance Act 1991 was passed.
- (7) No election under subsection (1) or (2) above may be made after 31st July 1992.
- (8) Where a friendly society has made an election under subsection (1) or (2) above, then, for any accounting period for which the election has effect—
- (a) section 460(1) shall apply to profits arising from life or endowment business which would have been included in the society’s tax exempt life or endowment business had no account been taken of the contracts to which the election relates, and
- (b) section 462(1), in its application to the society, shall have effect with the insertion after “policies” of “and all policies issued in pursuance of contracts to which an election under section 462A(1) or (2) relates”.
- (9) If a friendly society which (or a branch of which) has made an election under subsection (1) or (2) above becomes an incorporated friendly society, the election shall have effect in relation to the incorporated friendly society as it had effect in relation to the society (or branch) which made the election (and accordingly, in relation to accounting periods of the incorporated friendly society, “*the society*” in subsection (8)(a) and (b) above shall be read as referring to the incorporated friendly society).
#### Married couple's allowance (post-5th December 2005 marriages and civil partnerships etc.)
##### 465A
- (1) This section applies where any assets of a branch of a registered friendly society have been identified in a scheme under section 6(5) of the Friendly Societies Act 1992 (property, rights etc. excluded from transfer to the society on its incorporation).
- (2) In relation to any time after the incorporation of the society, the assets shall be treated for the purposes of the Tax Acts as assets of the society (and, accordingly, any tax liability arising in respect of them shall be a liability of the society rather than of the branch).
- (3) Where, by virtue of this section, tax in respect of any of the assets becomes chargeable on and is paid by the society, the society may recover from the trustees in whom those assets are vested the amount of the tax paid.
##### 468AA
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 468A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 468B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Children’s tax credit.
##### 468C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 468D
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 468E
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Married couple's allowance (post-5th December 2005 marriages and civil partnerships etc.)
##### 468EE
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 468F
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 468G
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Distributions of authorised unit trusts: general
##### 468H
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 468I
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Dividend and foreign income distributions
##### 468J
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##### 468K
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Interest distributions
##### 468L
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Transfer of relief under section 257A.
##### 468M
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 468N
- (1) Subsection (2) below applies where—
- (a) an interest distribution is made for a distribution period to a unit holder; and
- (b) the gross income entered in the distribution accounts for the purposes of computing the total amount available for distribution to unit holders does not derive from eligible income entirely.
- (2) Where this subsection applies, the obligation to deduct under section 349(2) shall not apply to the relevant amount of the interest distribution to the unit holder if the residence condition is on the distribution date fulfilled with respect to him.
- (3) Section 468O makes provision with respect to the circumstances in which the residence condition is fulfilled with respect to a unit holder.
- (4) This is how to calculate the relevant amount of the interest distribution—
$$R=AxBC$Where—R = the relevant amount;A = the amount of the interest distribution before deduction of tax to the unit holder in question;B = such amount of the gross income as derives from eligible income;C = the amount of the gross income.$
- (5) In subsection (4) above the references to the gross income are references to the gross income entered as mentioned in subsection (1)(b) above.
##### 468O
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 468P
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##### 468PA
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 468PB
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Distributions to corporate unit holder
##### 468Q
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 468R
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 469A
- (1) The Tax Acts shall have effect in relation to any common investment fund established under section 42 of the Administration of Justice Act 1982 (common investment funds for money paid into court) as if—
- (a) the fund were an authorised unit trust;
- (b) the person who is for the time being the investment manager of the fund were the trustee of that authorised unit trust; and
- (c) the persons with qualifying interests were the unit holders in that authorised unit trust.
- (1A) For the purposes of subsection (1)(c) above, the persons with qualifying interests are—
- (a) in relation to shares in the fund held by the Accountant General, the persons whose interests entitle them, as against him, to share in the fund’s investments;
- (b) in relation to shares in the fund held by any other person authorised by the Lord Chancellor to hold such shares on behalf of others (an “authorised person”)—
- (i) if there are persons whose interests entitle them, as against the authorised person, to share in the fund’s investments, those persons;
- (ii) if not, the authorised person;
- (c) in relation to shares in the fund held by persons authorised by the Lord Chancellor to hold such shares on their own behalf, those persons.
- (2) In this section “*the Accountant General*” means . . . the Accountant General of the Supreme Court of Judicature in England and Wales or the Accountant General of the Supreme Court of Judicature of Northern Ireland.
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 472A
- (1) This section applies in relation to securities—
- (a) which are held by a company carrying on a banking business, an insurance business or a business consisting wholly or partly in dealing in securities; and
- (b) which are such that a profit on their sale would form part of the trading profits of that business.
- (2) Profits and losses arising from such securities that in accordance with generally accepted accounting practice are—
- (a) calculated by reference to the fair value of the securities, and
- (b) recognised in that company's statement of recognised gains and losses or statement of changes in equity,
shall be brought into account in computing the profits or losses of a business in accordance with the provisions of this Act applicable to Case I of Schedule D.
- (3) Subsection (2) does not apply—
- (a) to an amount to the extent that it derives from or otherwise relates to an amount brought into account under that subsection in an earlier period of account, or
- (b) to an amount recognised for accounting purposes by way of correction of a fundamental error.
- (4) In this section, “securities”—
- (a) includes shares and any rights, interests or options that by virtue of section 99, 135(5) or 136(5) of the Taxation of Chargeable Gains Act 1992 are treated as shares for the purposes of sections 126 to 136 of that Act; but
- (b) does not include a loan relationship (within the meaning of Chapter 2 of Part 4 of the Finance Act 1996).
##### 477A
- (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (1A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) . . . Dividends or interest payable in respect of shares in, or deposits with or loans to, a building society shall be dealt with for the purposes of corporation tax as follows—
- (a) to the extent that it would not otherwise fall to be so regarded, liability to pay the dividends or interest shall be treated for the purposes of Chapter II of Part IV of the Finance Act 1996 as a liability arising under a loan relationship of the building society;
- (aa) if the dividends or interest are payable to a company, then, to the extent that they would not otherwise fall to be so regarded, they shall be treated for those purposes as payable to that company in pursuance of a right arising under a loan relationship of that company;
- (b) no part of any such dividends or interest . . . shall be treated as a distribution of the society or as franked investment income of any company resident in the United Kingdom.
- (3A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3C) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) Subsection (3)(a) above shall apply to any interest paid by the society under a certified SAYE savings arrangement as if it were a dividend on a share in the society.
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (9) In this section “*dividend*” includes any distribution (whether or not described as a dividend).
- (10) In this section—
- “*certified SAYE savings arrangement*” has the meaning given by section 703 of ITTOIA 2005
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 477B
- (1) In computing for the purposes of corporation tax the income of a building society from the trade carried on by it, there shall be allowed as a deduction, if subsection (2) below applies, the incidental costs of obtaining finance by means of issuing shares in the society which are qualifying shares.
- (1A) A deduction shall not be allowed by virtue of subsection (1) above to the extent that the costs in question fall to be brought into account as debits for the purposes of Chapter 2 of Part 4 of the Finance Act 1996 (loan relationships).
- (2) This subsection applies if any amount payable in respect of the shares by way of dividend or interest is deductible in computing for the purposes of corporation tax the income of the society from the trade carried on by it.
- (3) In subsection (1) above, “*the incidental costs of obtaining finance*” means expenditure on fees, commissions, advertising, printing and other incidental matters (but not including stamp duty), being expenditure wholly and exclusively incurred for the purpose of obtaining the finance (whether or not it is in fact obtained), or of providing security for it or of repaying it.
- (4) This section shall not be construed as affording relief—
- (a) for any sums paid in consequence of, or for obtaining protection against, losses resulting from changes in the rate of exchange between different currencies, or
- (b) for the cost of repaying qualifying shares so far as attributable to their being repayable at a premium or to their having been issued at a discount.
- (5) In this section—
- “*dividend*” has the same meaning as in section 477A, and
- “*qualifying share*” has the same meaning as in section 117(4) of the 1992 Act.
##### 480A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 480B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Elections as to transfer of relief under section 257A or 257AB.
##### 480C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Transitional relief: husband with excess allowances.
##### 482A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### PETROLEUM EXTRACTION ACTIVITIES
##### 494AA
- (1) This section applies where—
- (a) a company (“*the seller*”) carrying on a trade has disposed of an asset which was used for the purposes of that trade, or an interest in such an asset;
- (b) the asset is used, under a lease, by the seller or a company associated with the seller (“*the lessee*”) for the purposes of a ring fence trade carried on by the lessee; and
- (c) the lessee uses the asset before the end of the period of two years beginning with the disposal.
- (2) Subject to subsection (4) below, subsection (3) below applies to so much (if any) of the expenditure incurred by the lessee under the lease as—
- (a) falls, in accordance with generally accepted accounting practice, to be treated in the accounts of the lessee as a finance charge;. . . or
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (c) falls, if the case is one where the lease is a long funding operating lease, to be deductible in computing the profits of the lessee for the purposes of corporation tax (after first making against any such expenditure any reductions falling to be made by virtue of section 502K).
- (3) The expenditure shall not be allowable in computing for the purposes of Schedule D the profits of the ring fence trade.
- (4) Expenditure shall not be disallowed by virtue of subsection (3) above to the extent that the disposal referred to in subsection (1) above is made for a consideration which—
- (a) is used to meet expenditure incurred by the seller in carrying on oil extraction activities or in acquiring oil rights otherwise than from a company associated with the seller; or
- (b) is appropriated to meeting expenditure to be so incurred by the seller.
- (5) Where any expenditure—
- (a) would apart from subsection (3) above be allowable in computing for the purposes of Schedule D the profits of the ring fence trade for an accounting period, but
- (b) by virtue of that subsection is not so allowable,
that expenditure shall be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 as if it were a non-trading debit in respect of a loan relationship of the lessee for that accounting period.
- (6) In this section —
- “*long funding operating lease*” means a long funding operating lease for the purposes of Part 2 of the Capital Allowances Act (see section 70YI(1) of that Act);
- “*lease*”, in relation to an asset, has the same meaning as in sections 781 to 784.
##### 494A
- (1) In section 403(3) (availability of charges, Schedule A losses and management expenses for surrender as group relief) the reference to the gross profits of the surrendering company for an accounting period does not include the company’s relevant ring fence profits for that period.
- (2) If for that period—
- (a) there are no charges on income paid by the company that are allowable under section 338, . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
all the company’s ring fence profits are relevant ring fence profits.
- (3) In any other case the company’s relevant ring fence profits are so much of its ring fence profits as exceeds the amount of the charges on income paid by the company as—
- (a) are allowable under section 338 for that period, . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 496A
Schedule 19B to this Act (exploration expenditure supplement) shall have effect.
##### 496B
Schedule 19C to this Act (ring fence expenditure supplement) shall have effect.
#### Life assurance premiums paid by employer
##### 501A
- (1) Where in any accounting period beginning on or after 17th April 2002 a company carries on a ring fence trade, a sum equal to 20 per cent of its adjusted ring fence profits for that period shall be charged on the company as if it were an amount of corporation tax chargeable on the company.
- (2) A company’s adjusted ring fence profits for an accounting period are the amount which, on the assumption mentioned in subsection (3) below, would be determined for that period (in accordance with this Chapter) as the profits of the company’s ring fence trade chargeable to corporation tax.
- (3) The assumption is that financing costs are left out of account in computing—
- (a) the amount of the profits or loss of any ring fence trade of the company’s for each accounting period beginning on or after 17th April 2002; and
- (b) where for any such period the whole or part of any loss relief is surrendered to the company in accordance with section 492(8), the amount of that relief or, as the case may be, that part.
- (4) For the purposes of this section, “*financing costs*” means the costs of debt finance.
- (5) In calculating the costs of debt finance for an accounting period the matters to be taken into account include—
- (a) any costs giving rise to debits in respect of debtor relationships of the company under Chapter 2 of Part 4 of the Finance Act 1996 (loan relationships) , other than debits in respect of exchange losses from such relationships (see section 103(1A) and (1B) of that Act);
- (b) any exchange gain or loss from a debtor relationship, within the meaning of that Chapter (see section 103(1A) and (1B) of that Act), in relation to debt finance;
- (c) any credit or debit falling to be brought into account under Schedule 26 to the Finance Act 2002 (derivative contracts) in relation to debt finance;
- (d) the financing cost implicit in a payment under a finance lease;
- (dd) where the company is the lessee under a long funding operating lease, the amount deductible in respect of payments under the lease in computing the profits of the lessee for the purposes of corporation tax (after first making against any such amount any reductions falling to be made by virtue of section 502K); and
- (e) any other costs arising from what would be considered in accordance with generally accepted accounting practice to be a financing transaction.
- (6) Where an amount representing the whole or part of a payment falling to be made by a company—
- (a) falls (or would fall) to be treated as a finance charge under a finance lease for the purposes of accounts relating to that company and one or more other companies and prepared in accordance with generally accepted accounting practice, but
- (b) is not so treated in the accounts of the company,
the amount shall be treated for the purposes of this section as financing costs falling within subsection (5)(d) above.
- (7) If—
- (a) in computing the adjusted ring fence profits of a company for an accounting period, an amount falls to be left out of account by virtue of subsection (5)(d) above, but
- (b) the whole or any part of that amount is repaid,
the repayment shall also be left out of account in computing the adjusted ring fence profits of the company for any accounting period.
- (8) In this section “*finance lease*” means any arrangements—
- (a) which provide for an asset to be leased or otherwise made available by a person to another person (“*the lessee*”), and
- (b) which, under generally accepted accounting practice,—
- (i) fall (or would fall) to be treated, in the accounts of the lessee or a person connected with the lessee, as a finance lease or a loan, or
- (ii) are comprised in arrangements which fall (or would fall) to be so treated.
- (9) For the purposes of applying subsection (8)(b) above, the lessee and any person connected with the lessee are to be treated as being companies which are incorporated in a part of the United Kingdom.
- (10) In this section “*accounts*”, in relation to a company, includes any accounts which—
- (a) relate to two or more companies of which that company is one, and
- (b) are drawn up in accordance with generally accepted accounting practice.
- (11) In this section “*long funding operating lease*” means a long funding operating lease for the purposes of Part 2 of the Capital Allowances Act (see section 70YI(1) of that Act).
##### 501B
- (1) Subject to subsection (3) below, the provisions of section 501A(1) relating to the charging of a sum as if it were an amount of corporation tax shall be taken as applying, subject to the provisions of the Taxes Acts, and to any necessary modifications, all enactments applying generally to corporation tax, including—
- (a) those relating to returns of information and the supply of accounts, statements and reports;
- (b) those relating to the assessing, collecting and receiving of corporation tax;
- (c) those conferring or regulating a right of appeal; and
- (d) those concerning administration, penalties, interest on unpaid tax and priority of tax in cases of insolvency under the law of any part of the United Kingdom.
- (2) Accordingly (but without prejudice to subsection (1) above) the Management Act shall have effect as if any reference to corporation tax included a reference to a sum chargeable under section 501A(1) as if it were an amount of corporation tax.
- (3) In any regulations made under section 32 of the Finance Act 1998 (as at 17th April 2002, the Corporation Tax (Treatment of Unrelieved Surplus Advance Corporation Tax) Regulations 1999)—
- (a) references to corporation tax do not include a reference to a sum chargeable on a company under section 501A(1) as if it were corporation tax; and
- (b) references to profits charged to corporation tax do not include a reference to adjusted ring fence profits, within the meaning of section 501A(1).
- (4) In this section “*the Taxes Acts*” has the same meaning as in the Management Act.
### Chapter 5A — Special rules for long funding leases of plant or machinery: corporation tax
### Introductory
##### 502A
This Chapter has effect for the purposes of corporation tax only.
### Lessors under long funding finance leases
##### 502B
- (1) This section applies for determining for the purposes of corporation tax the profits of a company for any period of account in which it is the lessor of any plant or machinery under a long funding finance lease.
- (2) The amount to be brought into account as the lessor's taxable income from the lease for the period of account is the amount of the rental earnings in respect of the lease for the period of account.
- (3) The “rental earnings” for any period is the amount which, in accordance with generally accepted accounting practice, falls (or would fall) to be treated as the gross return on investment for that period in respect of the lease where it meets the finance lease test.
- (4) If the lease is one which, under generally accepted accounting practice, falls (or would fall) to be treated as a loan in the accounts in question, so much of the rentals under the lease as fall (or would fall) to be treated as interest are to be treated for the purposes of this section as rental earnings.
##### 502C
- (1) This section applies for determining for the purposes of corporation tax the profits of a company which is or has been the lessor under a long funding finance lease.
- (2) This section has effect where a profit or loss (whether of an income or capital nature)—
- (a) arises to the company in connection with the lease, and
- (b) in accordance with generally accepted accounting practice falls to be recognised for accounting purposes in a period of account, but
- (c) would not, apart from this section, be brought into account in computing the profits of the company for the purposes of corporation tax.
- (3) The profit or loss is to be treated—
- (a) in the case of a profit, as income of the company attributable to the lease,
- (b) in the case of a loss, as a revenue expense incurred by the company in connection with the lease.
- (4) Any reference in this section to an amount falling to be recognised for accounting purposes in a period of account is a reference to an amount falling to be recognised for accounting purposes—
- (a) in the company's profit and loss account or income statement,
- (b) in the company's statement of recognised gains and losses or statement of changes in equity, or
- (c) in any other statement of items brought into account in computing the company's profits or losses for that period.
##### 502D
- (1) This section applies for determining the liability to corporation tax of a company which is or has been the lessor under a long funding finance lease.
- (2) Where—
- (a) the lease terminates, and
- (b) a sum calculated by reference to the termination value is paid to the lessee,
no deduction in respect of the sum paid to the lessee is allowed in computing the profits of the company.
- (3) This section does not prevent a deduction in respect of a sum to the extent that the sum is brought into account in determining the company's rental earnings.
### Lessors under long funding operating leases
##### 502E
- (1) This section applies for determining for the purposes of corporation tax the profits of a company for any period of account—
- (a) for the whole of which, or
- (b) for any part of which,
the company is the lessor of any plant or machinery under a long funding operating lease.
- (2) A deduction is allowed in computing the profits of the company for the period of account.
- (3) The amount of the deduction for any period of account is to be determined as follows.
- (4) First, find the “*relevant value*” for the purposes of subsection (6)(a) below, which is—
- (a) if the only use of the plant or machinery by the lessor has been the leasing of it under the long funding operating lease as a qualifying activity, cost;
- (b) if the last previous use of the plant or machinery by the lessor was the leasing of it under another long funding operating lease as a qualifying activity, market value;
- (c) if the last previous use of the plant or machinery by the lessor was the leasing of it under a long funding finance lease as a qualifying activity, the recognised value;
- (d) if the last previous use of the plant or machinery by the lessor was for the purposes of a qualifying activity other than leasing under a long funding lease, the lower of cost and market value;
- (e) if the lessor owns the plant or machinery as a result of having incurred expenditure on its provision for purposes other than those of a qualifying activity, but—
- (i) the plant or machinery is brought into use by the lessor for the purposes of a qualifying activity on or after 1st April 2006, and
- (ii) that qualifying activity is the leasing of the plant or machinery under the long funding operating lease,
the relevant value is the lower of first use market value and first use amortised value.
- (5) In subsection (4) above—
- “*cost*” means the amount of the expenditure incurred by the lessor on the provision of the plant or machinery;
- “*first use amortised value*” means the value that the plant or machinery would have at the time when it is first brought into use for the purposes of the qualifying activity, on the assumption that—the cost of acquiring the plant or machinery had been written off on a straight line basis over the remaining useful economic life of the plant or machinery, andany further capital expenditure incurred had been written off on a straight line basis over so much of the remaining economic life of the plant or machinery as remains at the time when the expenditure is incurred;
- “*first use market value*” means the market value of the plant or machinery at the time when it is first brought into use for the purposes of the qualifying activity;
- “*market value*” means the market value of the plant or machinery at the commencement of the term of the long funding operating lease;
- “*recognised value*” means the value at which the plant or machinery is recognised in the books or other financial records of the lessor at the commencement of the long funding operating lease.
- (6) From—
- (a) the relevant value determined in accordance with subsection (4) above,
subtract
- (b) the amount which, at the commencement of the term of the lease, is (or, in a case falling within subsection (4)(e) above, would have been) expected to be the residual value of the plant or machinery,
to find the expected gross reduction in value over the term of the lease.
- (7) Apportion the amount of that expected gross reduction in value to each period of account in which any part of the term of the lease falls.
- (8) The apportionment must be on a time basis according to the proportion of the term of the lease that falls in each period of account.
- (9) The amount of the deduction for any period of account is the amount so apportioned to that period.
##### 502F
- (1) This section applies if in any period of account—
- (a) a company is the lessor of any plant or machinery under a long funding operating lease,
- (b) the company incurs capital expenditure in relation to the plant or machinery, and
- (c) that capital expenditure (the “additional expenditure”) is not reflected in the market value of the plant or machinery at the commencement of the term of the lease.
- (2) In a case falling within section 502E(4)(e) above, subsection (1)(c) above has effect as if the reference to the commencement of the term of the lease were a reference to the time when the plant or machinery is first brought into use by the lessor for the purposes of the qualifying activity.
- (3) Where this section applies, an additional deduction is allowed in computing the profits of the company for each post-expenditure period of account in which the company is the lessor of the plant or machinery under the lease.
- (4) The amount of the deduction for any such period of account is to be determined as follows.
- (5) Find ARV, CRV, PRV, and TRV where—
- “ARV” is the amount which, at the time when the additional expenditure is incurred, is expected to be the residual value of the plant or machinery;
- “CRV” is the amount which, at the commencement of the term of the lease, is expected to be the residual value of the plant or machinery;
- “PRV” is the sum of any amounts that fell to be taken into account as RRV (see subsection (6)) in the application of this section in relation to any previous additional expenditure incurred by the company in relation to the leased plant or machinery;
- “TRV” is the total of CRV and PRV.
- (6) Find RRV, where—
- (a) if ARV exceeds TRV, RRV is the portion of the excess that is a result of the additional expenditure, but
- (b) if ARV does not exceed TRV, RRV is nil.
- (7) From—
- (a) the amount of the additional expenditure,
subtract
- (b) RRV,
to find the expected partial reduction in value over the remainder of the term of the lease.
- (8) Apportion the amount of that expected partial reduction in value to each post-expenditure period of account in which any part of the term of the lease falls.
- (9) The apportionment must be on a time basis according to the proportion of the term of the lease that falls in each post-expenditure period of account.
- (10) The amount of the additional deduction for any period of account is the amount so apportioned to that period.
- (11) In this section “*post-expenditure period of account*” means any period of account ending after the incurring of the additional expenditure.
##### 502G
- (1) This section applies for determining the liability to corporation tax of a company which is the lessor immediately before the termination of a long funding operating lease.
- (2) Step 1 is to find—
- (a) the termination amount (TA);
- (b) the total of any sums paid to the lessee that are calculated by reference to the termination value (LP).
- (3) Step 2 is to find—
- (a) the relevant value for the purposes of section 502E(6)(a) (RV);
- (b) the total of the deductions allowable under section 502E for periods of account for the whole or part of which the company was the lessor before the termination of the lease (TD1);
- (c) the amount, if any, (ERV) by which RV exceeds TD1.
- (4) Step 3 is to find—
- (a) the total of any amounts of capital expenditure incurred by the company which constitute additional expenditure for the purposes of section 502F in the case of the lease (TAE);
- (b) the total of any deductions allowable under section 502F for periods of account for the whole or part of which the company was the lessor before the termination of the lease (TD2);
- (c) the amount, if any, (EAE) by which TAE exceeds TD2.
- (5) Step 4 is to find the total of ERV and EAE (T).
- (6) If (TA – LP) exceeds T, treat a profit of an amount equal to the excess as arising to the company in the period of account in which the lease terminates.
- (7) If T exceeds (TA – LP), treat a loss of an amount equal to the excess as arising to the company in that period of account.
- (8) A profit or loss treated as arising to the company under subsection (6) or (7) above is to be treated—
- (a) in the case of a profit, as income of the company attributable to the lease,
- (b) in the case of a loss, as a revenue expense incurred by the company in connection with the lease.
- (9) In computing the profits of the company, no deduction is allowed in respect of any sums paid to the lessee that are calculated by reference to the termination value.
### Lessors under long funding finance or operating leases: avoidance etc
#### Qualifying policies.
##### 502GA
- (1) Sections 502B to 502G do not apply in the case of a company which is or has been the lessor of any plant or machinery under a long funding lease if the following condition is met.
- (2) The condition is that any part of the expenditure incurred by the company on the acquisition of the plant or machinery for leasing under the lease—
- (a) is (apart from those sections) allowable as a deduction in calculating its profits or losses for the purposes of corporation tax, and
- (b) is so allowable as a result of the plant or machinery forming part of its trading stock.
- (3) For the purposes of this section the cases in which expenditure incurred by a company on the acquisition of any plant or machinery for leasing under a lease is allowable as such a deduction include any case where—
- (a) the company becomes entitled to the deduction at any time after the expenditure is incurred, and
- (b) the deduction arises as a result of the plant or machinery forming part of its trading stock at that time.
- (4) If—
- (a) at any time any of sections 502B to 502G has applied for determining the amounts to be taken into account in calculating the profits or losses of the company for the purposes of corporation tax, and
- (b) the condition in subsection (2) is met at any subsequent time,
those amounts, and any other amounts which (as a result of this section) are to be so taken into account, are subject to such adjustments as are just and reasonable.
- (5) All such assessments and adjustments of assessments are to be made as are necessary to give effect to subsection (4).
##### 502GB
- (1) This section applies if—
- (a) a company carries on a Schedule A business in relation to land which consists of or includes a dwelling-house,
- (b) the company incurs expenditure in acquiring and installing an energy-saving item in the dwelling-house or in a building containing the dwelling-house (see subsections (5) to (7)),
- (c) the expenditure is incurred before 1st April 2015,
- (d) a deduction for the expenditure is not prohibited by the wholly and exclusively rule but would otherwise be prohibited by the capital prohibition rule (see subsection (8)), and
- (e) no allowance under the Capital Allowances Act may be claimed in respect of the expenditure.
- (2) In calculating the profits of the Schedule A business, a deduction for the expenditure is allowed.
- (3) But any deduction is subject to—
- (a) section 31ZB (restrictions on the relief), and
- (b) any provision made by regulations under section 31ZC.
- (4) If, on a just and reasonable apportionment of any expenditure, part of the expenditure would qualify for the relief (but the remainder would not), a deduction is allowed for that part.
- (5) “*Energy-saving item*” means an item of an energy-saving nature of such description as is for the time being specified in regulations made by the Treasury.
- (6) The Treasury may by regulations provide for an item to be an energy-saving item only if it satisfies such conditions as may be—
- (a) specified in, or
- (b) determined in accordance with,
the regulations.
- (7) The conditions may include conditions imposed by reference to information or documents issued by any body, person or organisation.
- (8) In this section—
- “*the capital prohibition rule*” means the rule in section 74(1)(f) or (g) (capital expenditure), as applied by section 21A, and
- “*the wholly and exclusively rule*” means the rule in section 74(1)(a) or (e) (expenses not wholly and exclusively for trade and unconnected losses), as applied by section 21A.
#### Schedule E.
##### 31ZB
- (1) This section restricts deductions that would otherwise be allowable under section 31ZA.
- (2) No deduction is allowed if, when the energy-saving item is installed, the dwelling-house—
- (a) is in the course of construction, or
- (b) is comprised in land in which the company does not have an interest or is in the course of acquiring an interest or further interest.
- (3) No deduction is allowed in respect of expenditure in an accounting period if—
- (a) the Schedule A business consists of or includes the commercial letting of furnished holiday accommodation for the purposes of section 503, and
- (b) the dwelling-house constitutes some or all of that accommodation for the accounting period.
- (4) No deduction is allowed in respect of expenditure treated by section 401 (as applied by section 21B) as incurred on the date on which the company starts to carry on the Schedule A business unless the expenditure was incurred not more than 6 months before that date.
- (5) No deduction is allowed in respect of expenditure incurred in acquiring and installing the energy-saving item in a building containing the dwelling-house in so far as the expenditure is not for the benefit of the dwelling-house.
##### 31ZC
- (1) In relation to any deduction under section 31ZA, the Treasury may make regulations for—
- (a) restricting or reducing the amount of expenditure for which the deduction is allowable,
- (b) excluding entitlement to the deduction in such cases as may be specified in, or determined in accordance with, the regulations,
- (c) determining who is (and is not) entitled to the deduction if different persons have different interests in land that consists of or includes the whole or part of a building containing one or more dwelling-houses,
- (d) making apportionments if the Schedule A business is carried on by persons in partnership or an interest in land is beneficially owned by persons jointly or in common.
- (2) The apportionments that may be made include apportionments to persons within the charge to income tax.
- (3) Regulations under this section may—
- (a) make different provision for different cases, and
- (b) contain incidental, supplemental, consequential and transitional provision and savings (including provision as to appeals in relation to apportionments mentioned in subsection (1)(d)).
##### 31A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 31B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Schedule A.
### Connected persons
##### 33A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 33B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 37A
- (a) a company is the lessee of any plant or machinery under a lease (“lease A”) that is not a long funding lease,
- (b) it enters into a lease (“lease B”) of any of that plant or machinery (as lessor), and
- (c) lease B is a long funding lease.
- (2) Sections 502B to 502G do not apply in relation to lease B.
- (3) If by virtue of section 70H of the Capital Allowances Act (tax return by lessee treating lease as long funding lease) lease A becomes a long funding lease (and does not cease to be such a lease), treat this section as never having applied in relation to lease B.
##### 502GC
- (1) Sections 502B to 502G do not apply in the case of a company which is or has been the lessor of any plant or machinery under a long funding lease if conditions A to C are met.
- (2) Condition A is that the long funding lease forms part of any arrangement entered into by the company which includes one or more other transactions (whether the arrangement is entered into before or after or at the inception of the lease).
- (3) Condition B is that the main purpose, or one of the main purposes, of the arrangement is to secure that, over the relevant period, there would be a substantial difference between—
- (a) the total amount of the amounts under the arrangement which are, in accordance with generally accepted accounting practice, recognised in determining the company's profit or loss for any period or taken into account in calculating the amounts which are so recognised, and
- (b) the total amount of the amounts under the arrangement which are taken into account in calculating the profits or losses of the company for the purposes of corporation tax.
- (4) For the purposes of condition B “*the relevant period*” means the period which begins with the inception of the lease and ends with the end of the term of the lease.
- (5) Condition C is that the difference would be attributable (wholly or partly) to the application of any of sections 502B to 502G in relation to the company by reference to the plant or machinery under the lease.
- (6) The reference in this section to an amount being recognised in determining a company's profit or loss for a period is to an amount being recognised for accounting purposes—
- (a) in the company's profit and loss account or income statement,
- (b) in the company's statement of recognised gains and losses or statement of changes in equity, or
- (c) in any other statement of items brought into account in calculating the company's profits and losses for that period.
- (7) For the purposes of this section it does not matter whether the parties to any transaction which forms part of the arrangement differ from the parties to any of the other transactions.
- (8) For the purposes of this section the cases in which two or more transactions are to be taken as forming part of an arrangement include any case in which it would be reasonable to assume that one or more of them—
- (a) would not have been entered into independently of the other or others, or
- (b) if entered into independently of the other or others, would not have taken the same form or been on the same terms.
- (9) If—
- (a) at any time any of sections 502B to 502G has applied for determining the amounts to be taken into account in calculating the profits or losses of the company for the purposes of corporation tax, and
- (b) conditions A to C are met at any subsequent time,
those amounts, and any other amounts which (as a result of this section) are to be so taken into account, are subject to such adjustments as are just and reasonable.
- (10) All such assessments and adjustments of assessments are to be made as are necessary to give effect to subsection (9).
##### 502GD
- (1) If a company is or has been a lessor under a long funding lease of a film, sections 502B to 502G do not apply in respect of the lease.
- (2) “*Film*” has the same meaning as in Part 15 of CTA 2009 (see section 1181 of that Act).
### Insurance company as lessor
##### 502H
- (1) This section applies to a company carrying on life assurance business if it is the lessor under a long funding lease in a period of account.
- (2) In this section—
- (a) subsections (3) to (7) have effect in relation to—
- (i) basic life assurance and general annuity business, and
- (ii) PHI business, . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) Subsection (4) below applies in the case of each of the following amounts—
- (a) an amount of rental earnings which the company is required by section 502B (long funding finance lease) to bring into account as taxable income,
- (b) an amount treated under section 502C(3)(a) (long funding finance lease: lessor's exceptional items) as a profit arising to the company,
- (c) an amount of rental income arising to the company from a long funding operating lease,
- (d) an amount treated under section 502G(8)(a) (long funding operating lease: lessor's excess termination amount) as a profit arising to the company,
but only if the leased asset is an asset of the company's long-term insurance fund.
- (4) In determining for the purposes of the Corporation Tax Acts in any such case the extent to which any such amount is referable to—
- (a) basic life assurance and general annuity business, or
- (b) PHI business,
section 432A (apportionment of insurance companies' income) is to have effect in relation to the amount as it has effect in relation to the income arising from an asset.
This subsection is subject to subsections (5) and (6) below.
- (5) Before applying subsection (4) above in a case where—
- (a) that subsection applies by virtue of subsection (3)(a) above in relation to an amount of rental earnings, and
- (b) there is an amount which is deductible as a revenue expense by virtue of section 502C(3)(b) (long funding finance lease: lessor's exceptional items),
the amount so deductible is to be given effect by applying it, so far as possible, in reducing the amount of the rental earnings.
- (6) Before applying subsection (4) above by virtue of subsection (3)(c) above in relation to an amount of rental income,—
- (a) any deduction falling to be made under section 502E, or
- (b) any reduction falling to be made under section 502F,
is to be given effect by applying it, so far as possible, in reducing (or further reducing) the amount of the rental income.
- (7) Where, after applying amounts in making reductions required by subsection (5) or (6) above, there remains unapplied an amount in respect of—
- (a) a deduction falling to be made under section 502E,
- (b) a reduction falling to be made under section 502F, or
- (c) an amount deductible as a revenue expense by virtue of section 502C(3)(b),
the amount is to be apportioned under section 432A in the same way as income.
- (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Lessees under long funding finance leases
#### Elections as to transfer of relief under section 257A or 257AB.
##### 502I
- (1) This section applies for determining for the purposes of corporation tax the profits of a company for any period of account in which it is the lessee of any plant or machinery under a long funding finance lease.
- (2) In calculating the company's profits for the period of account,—
- (a) the amount deducted in respect of amounts payable under the lease,
must not exceed
- (b) the amounts which, in accordance with generally accepted accounting practice, fall (or would fall) to be shown in the company's accounts as finance charges in respect of the lease.
- (3) If the lease is one which, under generally accepted accounting practice, falls (or would fall) to be treated as a loan, subsection (2) above applies as if the lease were one which, under generally accepted accounting practice, fell to be treated as a finance lease.
##### 502J
- (1) This section applies where—
- (a) a company is or has been the lessee under a long funding finance lease, and
- (b) in connection with the termination of the lease, a payment calculated by reference to the termination value falls to be made to the company.
- (2) The payment is not to be brought into account in determining for the purposes of corporation tax the profits of the company for any period of account.
- (3) Subsection (2) above does not affect the amount of any disposal value that falls to be brought into account by the company under the Capital Allowances Act.
### Lessees under long funding operating leases
##### 502K
- (1) This section applies for determining for the purposes of corporation tax the profits of a company for any period of account in which it is the lessee of any plant or machinery under a long funding operating lease.
- (2) The deductions that may be allowed in computing the profits of the company for the period of account are to be reduced in accordance with the following provisions of this section.
- (3) The amount of the reduction for any period of account is to be determined as follows.
- (4) First, find the “*relevant value*” for the purposes of subsection (6)(a) below, which is—
- (a) the market value of the plant or machinery at the commencement of the term of the lease, unless paragraph (b) below applies;
- (b) if the lessee—
- (i) has the use of the plant or machinery as a result of having incurred expenditure on its provision for purposes other than those of a qualifying activity, but
- (ii) brings the plant or machinery into use for the purposes of a qualifying activity on or after 1st April 2006,
the lower of first use market value and first use amortised market value.
- (5) In subsection (4) above—
- “*first use amortised market value*” means the value that the plant or machinery would have—at the time when it is first brought into use for the purposes of the qualifying activity, buton the assumption that the market value of the plant or machinery at the commencement of the term of the lease had been written off on a straight line basis over the remaining useful economic life of the plant or machinery;
- “*first use market value*” means the market value of the plant or machinery at the time when it is first brought into use for the purposes of the qualifying activity.
- (6) From—
- (a) the relevant value determined in accordance with subsection (4) above,
subtract
- (b) the amount which, at the commencement of the term of the lease, is (or, in a case falling within subsection (4)(b) above, would have been) expected to be the market value of the plant or machinery at the end of the term of the lease,
to find the expected gross reduction over the term of the lease.
- (7) Apportion the amount of that expected gross reduction to each period of account in which any part of the term of the lease falls.
- (8) The apportionment must be on a time basis according to the proportion of the term of the lease that falls in each period of account.
- (9) The amount of the reduction for any period of account is the amount so apportioned to that period.
### Interpretation of Chapter
##### 502L
- (1) This section has effect for the interpretation of this Chapter.
- (2) In this Chapter—
- “*qualifying activity*” has the same meaning as in Part 2 of the Capital Allowances Act;
- “*residual value*”, in relation to any plant or machinery leased under a long funding operating lease, means—the estimated market value of the plant or machinery on a disposal at the end of the term of the lease,lessthe estimated costs of that disposal.
- (3) Any reference in this Chapter to a sum being written off on a straight line basis over a period of time (the “writing-off period”) is a reference to—
- (a) the sum being apportioned between each of the periods of account in which any part of the writing-off period falls,
- (b) that apportionment being made on a time basis, according to the proportion of the writing-off period that falls in each of the periods of account, and
- (c) the sum being written off accordingly.
- (4) Chapter 6A of Part 2 of the Capital Allowances Act (interpretation of provisions about long funding leases) applies in relation to this Chapter as it applies in relation to that Part.
##### 504A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Eligibility for relief.
#### Aggregation of wife’s income with husband’s.
##### 506A
- (1) This section applies to the following transactions—
- (a) the sale or letting of property by a charitable company to a substantial donor,
- (b) the sale or letting of property to a charitable company by a substantial donor,
- (c) the provision of services by a charitable company to a substantial donor,
- (d) the provision of services to a charitable company by a substantial donor,
- (e) an exchange of property between a charitable company and a substantial donor,
- (f) the provision of financial assistance by a charitable company to a substantial donor,
- (g) the provision of financial assistance to a charitable company by a substantial donor, and
- (h) investment by a charitable company in the business of a substantial donor.
- (2) For the purposes of this section a person is a substantial donor to a charitable company in respect of an accounting period if—
- (a) the charitable company receives relievable gifts of at least £25,000 from him in a period of 12 months in which the accounting period wholly or partly falls, or
- (b) the charitable company receives relievable gifts of at least £100,000 from him in a period of six years in which the accounting period wholly or partly falls;
and if a person is a substantial donor to a charitable company in respect of an accounting period by virtue of paragraph (a) or (b), he is a substantial donor to the charitable company in respect of the following five accounting periods.
- (3) A payment made by a charitable company to a substantial donor in the course of or for the purposes of a transaction to which this section applies shall be treated for the purposes of section 505 as non-charitable expenditure.
- (4) If the terms of a transaction to which this section applies are less beneficial to the charitable company than terms which might be expected in a transaction at arm's length, the charitable company shall be treated for the purposes of section 505 as incurring non-charitable expenditure equal to that amount which the Commissioners for Her Majesty's Revenue and Customs determine as the cost to the charitable company of the difference in terms.
- (5) A payment by a charitable company of remuneration to a substantial donor shall be treated for the purposes of section 505 as non-charitable expenditure unless it is remuneration, for services as a trustee, which is approved by—
- (a) the Charity Commission,
- (b) another body with responsibility for regulating charities by virtue of legislation having effect in respect of any Part of the United Kingdom, or
- (c) a court.
##### 506B
- (1) Section 506A shall not apply to a transaction within section 506A(1)(b) or (d) if the Commissioners for Her Majesty's Revenue and Customs determine that the transaction—
- (a) takes place in the course of a business carried on by the substantial donor,
- (b) is on terms which are no less beneficial to the charitable company than those which might be expected in a transaction at arm's length, and
- (c) is not part of an arrangement for the avoidance of any tax.
- (2) Section 506A shall not apply to the provision of services to a substantial donor if the Commissioners determine that the services are provided—
- (a) in the course of the actual carrying out of a primary purpose of the charitable company, and
- (b) on terms which are no more beneficial to the substantial donor than those on which services are provided to others.
- (3) Section 506A shall not apply to the provision of financial assistance to a charitable company by a substantial donor if the Commissioners determine that the assistance—
- (a) is on terms which are no less beneficial to the charitable company than those which might be expected in a transaction at arm's length, and
- (b) is not part of an arrangement for the avoidance of any tax.
- (4) Section 506A shall not apply to investment by a charitable company in the business of a substantial donor where the investment takes the form of the purchase of shares or securities listed on a recognised stock exchange.
- (5) A disposal at an undervalue in respect of which relief is available under section 587B of this Act or section 431 of ITA 2007 (gifts of shares, securities and real property to charities etc) shall not be a transaction to which section 506A applies (but may be taken into account in the application of section 506A(2)).
- (6) A disposal at an undervalue to which section 257(2) of the 1992 Act (gifts of chargeable assets) applies shall not be a transaction to which section 506A applies (but may be taken into account in the application of section 506A(2)).
- (7) In the application of section 506A payments by a charitable company, or benefits arising to a substantial donor from a transaction, shall be disregarded in so far as they relate to a donation by the donor, and—
- (a) if the donation is made by a company, the payments or benefits do not prevent the donation being a qualifying donation for the purposes of section 339 because of subsection (3B)(b) of that section (restrictions on associated benefits), or
- (b) if the donation is made by an individual, the payments or benefits do not prevent the donation being a qualifying donation for the purposes of section 416 of ITA 2007 because of subsection (7)(b) of that section (restrictions on associated benefits).
- (8) A company which is wholly owned by a charity within the meaning of section 339(7AB) shall not be treated as a substantial donor in relation to a charitable company which owns it (or any part of it).
- (9) A registered social landlord or housing association shall not be treated as a substantial donor in relation to a charitable company with which it is connected; and for that purpose—
- (a) “*registered social landlord or housing association*” means a body entered on a register maintained under—
- (i) section 1 of the Housing Act 1996,
- (ii) section 57 of the Housing (Scotland) Act 2001, or
- (iii) Article 14 of the Housing (Northern Ireland) Order 1992, and
- (b) a body and a charitable company are connected if (and only if)—
- (i) the one is wholly owned, or subject to control, by the other, or
- (ii) both are wholly owned, or subject to control, by the same person.
##### 506C
- (1) A gift is “*relievable*” for the purposes of section 506A(2) if relief is available in respect of it under—
- (a) section 83A,
- (b) section 339,
- (c) sections 587B and 587C,
- (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (e) section 257 of the 1992 Act (gifts of chargeable assets),
- (f) section 63 of the Capital Allowances Act (gifts of plant and machinery),
- (g) sections 713 to 715 of ITEPA 2003 (payroll giving),
- (h) section 108 of ITTOIA 2005 (gifts of trading stock), . . .
- (i) sections 628 and 630 of ITTOIA 2005 (gifts from settlor-interested trusts), or
- (j) Chapters 2 and 3 of Part 8 of ITA 2007 (gift aid and gifts of shares, securities and real property).
- (2) A charitable company is treated as incurring expenditure in accordance with section 506A(4) at such time (or times) as the Commissioners determine.
- (3) Section 506A applies to a transaction entered into in an accounting period with a person who is a substantial donor in respect of that period, even if it was not until after the transaction was entered into that he first satisfied the definition of “substantial donor” in respect of that period.
- (4) Either or both of subsections (3) and (4) of section 506A may be applied to a single transaction; but any amount of non-charitable expenditure which a charitable company is treated as incurring under section 506A(3) in respect of a transaction shall be deducted from any amount which it would otherwise be treated as incurring under section 506A(4) in respect of the transaction.
- (5) A charitable company and any other charities with which it is connected are to be treated as a single charitable company for the purposes of section 506A and 506B and this section; and for this purpose “*connected*” means connected in a matter relating to the structure, administration or control of a charity.
- (6) Where remuneration is paid otherwise than in money, section 506A(5) shall apply as to a payment in money of the amount that would, under Part 3 of ITEPA 2003, be the cash equivalent of the remuneration as a benefit.
- (7) In sections 506A and 506B and this section—
- (a) a reference to a substantial donor or other person includes a reference to a person connected with him within the meaning of section 839,
- (b) “*financial assistance*” includes, in particular—
- (i) the provision of a loan, guarantee or indemnity, and
- (ii) entering into alternative finance arrangements within the meaning of section 46 of the Finance Act 2005, and
- (c) a reference to a gift of a specified amount includes a reference to a non-monetary gift of that value.
- (8) On an appeal against an assessment the Special Commissioners may review a decision of the Commissioners in connection with section 506A.
- (9) The Treasury may by regulations vary a sum, or a period of time, specified in section 506A(2).
#### Eligibility for relief.
##### 508A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 508B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 510A
- (1) In this section “*grouping*” means a European Economic Interest Grouping formed in pursuance of Council Regulation [(EEC) No. 2137/85](https://www.legislation.gov.uk/european/regulation/1985/2137) of 25th July 1985, whether registered in Great Britain, in Northern Ireland, or elsewhere.
- (2) Subject to the following provisions of this section, for the purposes of charging corporation tax a grouping shall be regarded as acting as the agent of its members.
- (3) In accordance with subsection (2) above—
- (a) for the purposes mentioned in that subsection the activities of the grouping shall be regarded as those of its members acting jointly and each member shall be regarded as having a share of its property, rights and liabilities; . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
but paragraph (a) above is subject to subsection (6A) below.
- (4) Subject to subsection (5) below, for the purposes of this section a member’s share of any property, rights or liabilities of a grouping shall be determined in accordance with the contract under which the grouping is established.
- (5) Where the contract does not make provision as to the shares of members in the property, rights or liabilities in question a member’s share shall be determined by reference to the share of the profits of the grouping to which he is entitled under the contract (and if the contract makes no provision as to that, the members shall be regarded as having equal shares).
- (6) . . . Where any trade or profession is carried on by a grouping it shall be regarded for the purposes of charging corporation tax as carried on in partnership by the members of the grouping.
- (6A) Chapter 2 of Part 4 of the Finance Act 1996 (loan relationships) shall have effect in relation to a grouping as it has effect in relation to a partnership (see in particular section 87A of, and paragraphs 19 and 20 of Schedule 9 to, that Act).
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 519A
- (1) A health service body shall be exempt from corporation tax.
- (2) In this section “*health service body*” means—
- (a) a Strategic Health Authority established under section 13 of the National Health Service Act 2006. . . . . . ;
- (aa) a Special Health Authority established under section 28 of that Act or section 22 of the National Health Service (Wales) Act 2006;
- (ab) a Primary Care Trust;
- (aba) a Local Health Board;
- (b) a National Health Service trust established under section 25 of the National Health Service Act 2006 or section 18 of the National Health Service (Wales) Act 2006;
- (bb) an NHS foundation trust
- (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (d) a Health Board or Special Health Board, the Common Services Agency for the Scottish Health Service and a National Health Service trust respectively constituted under sections 2, 10 and 12A of the National Health Service (Scotland) Act 1978;
- (e) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (f) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (g) the Scottish Dental Practice Board; . . .
- (h) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (i) a Health and Social Services Board and the Northern Ireland Central Services Agency for the Health and Social Services established under Articles 16 and 26 respectively of the Health and Personal Social Services (Northern Ireland) Order 1972;
- (j) a special health and social services agency established under the Health and Personal Social Services (Special Agencies) (Northern Ireland) Order 1990; and
- (k) a Health and Social Services trust established under the Health and Personal Social Services (Northern Ireland) Order 1991.
- (3) The Treasury may by order disapply subsection (1) in relation to a specified activity, or class of activity, of an NHS foundation trust.
- (4) An order under subsection (3) shall make provision for determining the amount of the profits relating to an activity that are to be charged to corporation tax as a result of the disapplication of subsection (1).
- (5) An order under subsection (3) may, in particular—
- (a) make provision for disregarding profits of less than a specified amount in respect of a financial year or accounting period or a specified part of a financial year or accounting period;
- (b) make provision for disregarding a specified part of profits in respect of a financial year or accounting period or a specified part of a financial year or accounting period;
- (c) make provision for disregarding all or part of profits relating to activity in respect of which receipts or turnover (as defined by the order) are less than a specified amount in respect of a financial year or accounting period or a specified part of a financial year or accounting period.
- (6) An order under subsection (3)—
- (a) may apply, with or without modification, a provision of the Tax Acts,
- (b) may disapply a provision of the Tax Acts,
- (c) may make provision similar to a provision of the Tax Acts, and
- (d) may make provision generally or in relation to a specified body or class of bodies.
- (7) The Treasury may make an order under subsection (3) only—
- (a) in relation to an activity or class of activity that appears to the Treasury to be of a commercial nature,
- (b) where it appears to the Treasury to be expedient for the purpose of avoiding, removing or reducing differences between—
- (i) the fiscal treatment of the body undertaking the activity, and
- (ii) the fiscal treatment of another body or class of body which is of a commercial nature and which undertakes or might undertake the same or a similar activity, and
- (c) if a draft has been laid before, and approved by resolution of, the House of Commons.
- (8) An activity authorised under section 43(1) of the National Health Service Act 2006 shall not be treated as an activity of a commercial nature for the purposes of subsection (7)(a).
#### Transfer of relief under section 257A where relief exceeds income or 257AB.
#### Eligibility for relief.
#### Indexation of amounts in sections 257 , 257A and 257AB.
#### Life assurance premiums paid by employer
#### Company reconstructions without a change of ownership.
### Designs
##### 537A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 537B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Aggregation of wife’s income with husband’s.
##### 539ZA
- (1) This section applies where, for the purposes of determining the application of this Chapter in relation to a policy or contract at any time, it is necessary to have regard to its application at another time.
- (2) It makes no difference to the application of this Chapter at that other time whether liability in respect of a gain arising at that time would have arisen or (as the case may be) would arise because of the application of this Chapter or Chapter 9 of Part 4 of ITTOIA 2005 (which makes provision for income tax purposes corresponding to that made by this Chapter).
- (3) References in this section to this Chapter include references to paragraph 20 of Schedule 15 to this Act and section 79 of the Finance Act 1997 (payments under certain life insurance policies).
##### 539A
- (1) The conditions mentioned in section 539(2)(f) (excepted group life policies) are those set out in the following provisions of this section.
- (2) Condition 1 is that under the terms of the policy a sum or other benefit of a capital nature is payable or arises on the death of each of the individuals insured under the policy who dies without attaining an age which is specified in the policy and is not greater than 75 years.
In determining whether this condition is satisfied, disregard any terms of the policy which exclude from benefit the death of a person in specified circumstances, if the exclusion applies in relation to death in those circumstances in the case of each of the individuals insured under the policy.
- (3) Condition 2 is that under the terms of the policy—
- (a) the same method is to be used for calculating the sums or other benefits of a capital nature payable or arising on each death, and
- (b) if there is any limitation on those sums or other benefits, the limitation is the same in the case of any death.
- (4) Condition 3 is that the policy does not have, and is not capable of having, on any day—
- (a) a surrender value that exceeds the proportion of the premiums paid which, on a time apportionment, is referable to the unexpired paid-up period beginning with that day, or
- (b) if there is no such period, any surrender value.
For the purposes of this subsection the unexpired paid-up period beginning with any day is the period (if any) which—
- (i) begins with that day, and
- (ii) ends with the earliest subsequent day on which—
- (a) a payment of premium falls due under the policy, or
- (b) the term of the policy ends.
- (5) Condition 4 is that no sums or other benefits may be paid or conferred under the policy, except as mentioned in condition 1 or condition 3.
- (6) Condition 5 is that any sums payable or other benefits arising under the policy must (whether directly or indirectly) be paid to or for, or conferred on, or applied at the direction of—
- (a) an individual or charity beneficially entitled to them, or
- (b) a trustee or other person acting in a fiduciary capacity who will secure that the sums or other benefits are paid to or for, or conferred on, or applied in favour of, an individual or charity beneficially.
In this subsection “*charity*” means any body of persons or trust established for charitable purposes only.
- (7) Condition 6 is that no person—
- (a) who is an individual whose life is insured under the policy, or
- (b) who is, within the meaning of section 839, connected with an individual whose life is so insured,
may, by virtue of a group membership right relating to that individual, receive (directly or indirectly) any death benefit in respect of another group member.
In this subsection—
- (i) “*group membership right*”, in relation to an individual, means any right (including the right of any person to be considered by trustees in their exercise of a discretion) that is referable to that individual’s being one of the individuals whose lives are insured by the policy; and
- (ii) “*death benefit in respect of another group member*” means—
- (a) any sums or other benefits payable or arising under the policy on the death of any other of those individuals, or
- (b) anything representing any such sums or benefits.
- (8) Condition 7 is that a tax avoidance purpose is not the main purpose, or one of the main purposes, for which a person is at any time—
- (a) the holder, or one of the holders, of the policy, or
- (b) the person, or one of the persons, beneficially entitled under the policy.
In this subsection—
- (i) “*tax avoidance purpose*” means any purpose that consists in securing a tax advantage (whether for the holder of the policy or any other person); and
- (ii) “*tax advantage*” has the meaning given by section 840ZA.
#### Transfers of trade to obtain balancing allowances
##### 546A
- (1) This section applies in any case where—
- (a) as a result of any transaction (the “*material transaction*”) the whole or part of or a share in the rights conferred by a policy or contract (“*the material interest*”) becomes beneficially owned by one person or by two or more persons jointly or in common (“*the new ownership*”);
- (b) immediately before the material transaction, the material interest was in the beneficial ownership of one person or of two or more persons jointly (“*the old ownership*”); and
- (c) at least one person who is a member of the old ownership is also a member of the new ownership.
- (2) In any such case, the material transaction shall, in accordance with the following provisions of this section, be taken for the purposes of this Chapter (other than this section) to be one or more assignments, of part only of the rights conferred by the policy or contract.
- (3) For the purposes of this Chapter (other than this section), the members of the old ownership shall be treated—
- (a) where the old ownership consists of two or more persons beneficially entitled jointly, as if the material interest had been in their beneficial ownership in equal shares instead of jointly;
- (b) where the new ownership consists of two or more persons beneficially entitled jointly, as if the result of the material transaction had been that the material interest was in the beneficial ownership of those persons in equal shares instead of jointly; and
- (c) as if the material transaction had been the assignment by each member of the old ownership of so much (if any) of his old share as exceeds his new share (or, if he does not have a new share, the whole of his old share).
- (4) In this section—
- “*new share*”, in relation to the material interest and a person who is a member of the new ownership, means—if there is only one member of the new ownership, the material interest;if there are two or more members of the new ownership beneficially entitled to the material interest in common, the member’s share in the material interest; orif there are two or more members of the new ownership beneficially entitled to the material interest jointly, the share attributed to the member by subsection (3)(b) above;
- “*old share*”, in relation to the material interest and a person who is a member of the old ownership, means—if there is only one member of the old ownership, the material interest; orif there are two or more members of the old ownership, the share attributed to the member by subsection (3)(a) above.
##### 546B
- (1) This section applies in relation to a policy or contract in any case where—
- (a) a section 546 excess occurs at the end of any year (including the final year, whether or not ending with a terminal chargeable event); and
- (b) the condition in subsection (2) below is satisfied in relation to that year.
This subsection is subject to subsection (1A) below.
- (1A) In the case of a policy which is a qualifying policy (whether or not the premiums under the policy are eligible for relief under section 266) this section applies only if—
- (a) the section 546 excess occurs within the time described in section 540(1)(b)(i); or
- (b) the policy has been converted into a paid-up policy within that time.
- (2) The condition is that—
- (a) during the year there has been an assignment for money or money’s worth of part of or a share in the rights conferred by the policy or contract; or
- (b) during the year there has been both—
- (i) an assignment, otherwise than for money or money’s worth, of the whole or part of or a share in the rights conferred by the policy or contract; and
- (ii) an earlier surrender of part of or a share in the rights conferred by the policy or contract.
- (3) Where this section applies—
- (a) the occurrence of the section 546 excess shall be treated for the purposes of this Chapter as not being a chargeable event; but
- (b) the amount of the section 546 excess shall be charged to tax in accordance with the provisions of section 546C.
- (4) In this section—
- “*final year*” has the meaning given by section 546(4);
- “*section 546 excess*”, in relation to any year, means an excess, occurring at the end of the year, of—the reckonable aggregate value mentioned in subsection (2) of section 546, overthe allowable aggregate amount mentoned in subsection (3) of that section;
- “*terminal chargeable event*” means any chargeable event other than—
- (a) an assignment for money or money’s worth of the whole of the rights conferred by the policy or contract;
- (b) the occurrence of a section 546 excess; or
- (c) a chargeable event by virtue of section 546C(7)(a);
##### 546C
- (1) This section applies where, in relation to any policy or contract, the amount of a section 546 excess occurring at the end of any year falls to be charged to tax in accordance with this section by virtue of section 546B(3)(b).
- (2) The following amounts shall be calculated as at the end of that year—
- (a) the aggregate of the values calculated under section 546(1)(a) in respect of any part of or share in the rights conferred by the policy or contract which has been assigned for money or money’s worth, or surrendered, during the year;
- (b) the amount by which—
- (i) the reckonable aggregate value mentioned in section 546(2), as at the end of the year, exceeds
- (ii) the aggregate calculated under paragraph (a) above;
and
- (c) the amount by which—
- (i) the allowable aggregate amount mentioned in section 546(3), as at the end of the year, exceeds
- (ii) the amount calculated under paragraph (b) above.
- (3) In this section—
- (a) “*relevant transaction*” means any assignment for money or money’s worth, or any surrender, of a part of or share in the rights conferred by the policy or contract which has happened during the year;
- (b) “*transaction value*”, in relation to any relevant transaction, means the value calculated in accordance with section 546(1)(a) in the case of that transaction;
- (c) “*the amount of available premium*” means—
- (i) in relation to the earliest relevant transaction, the amount calculated under subsection (2)(c) above (that amount being taken to be nil if there is no such excess as is there mentioned); and
- (ii) in relation to each successive relevant transaction, that amount as successively reduced under subsections (5) to (7) below.
- (4) Subsection (5) below shall apply successively to each of the relevant transactions that happened in the year, in the order in which they happened.
If the year is the final year and ends with a terminal chargeable event, this subsection is subject to section 546D.
- (5) Where this subsection applies in relation to a relevant transaction—
- (a) the transaction value shall be compared to the amount of available premium; and
- (b) if the amount of available premium exceeds or is equal to the transaction value, subsection (6) below shall apply in relation to the transaction; but
- (c) if the transaction value exceeds the amount of available premium, subsection (7) below shall apply in relation to the transaction.
- (6) Where this subsection applies in relation to a relevant transaction—
- (a) the amount of available premium shall be reduced (or further reduced) by the transaction value; and
- (b) that reduction shall have effect in relation to the next subsequent relevant transaction.
- (7) Where this subsection applies in relation to a relevant transaction—
- (a) the relevant transaction shall for the purposes of this Chapter be a chargeable event in relation to the policy or contract, except as provided by sections 540(3) and 542(3);
- (b) a gain of an amount equal to that by which the transaction value exceeds the amount of available premium shall be treated for the purposes of this Chapter as arising in connection with the policy or contract on the happening of that chargeable event; and
- (c) in relation to any subsequent relevant transaction, the amount of available premium shall be reduced to nil.
- (8) Where the whole or any part of the amount of any gain treated as arising by subsection (7)(b) above falls to be treated under section 547(1)(b) as forming part of the income of any company for—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) the accounting period in which the chargeable event in question happened,
that . . . accounting period shall be taken to be the one which includes the end of the year as at which the section 546 excess in question occurs, instead of the one (if different) in which the relevant transaction happened.
- (9) Where this section applies in relation to the final year and that year ends with a terminal chargeable event—
- (a) effect shall be given to this section before applying the provisions of this Chapter in relation to the terminal chargeable event; and
- (b) in applying this Chapter in relation to the terminal chargeable event, any chargeable event by virtue of subsection (7)(a) above accordingly falls to be regarded as having occurred before the terminal chargeable event.
- (10) This section shall be construed as one with section 546B.
##### 546D
- (1) This section applies in any case where the year mentioned in section 546C(4) is the final year and that year ends with a terminal chargeable event.
- (2) In any such case there shall be calculated, as at the end of the year, the amount of the gain (“*the gains limit*”) that would have been treated as arising on the happening of the terminal chargeable event, apart from the application of sections 546B and 546C in relation to that year.
- (3) Subsection (5) of section 546C shall apply successively to each of the relevant transactions that happened in the year, in the order in which they happened, unless and until the transaction in question (the “*final transaction*”) is such that the aggregate of—
- (a) its transaction value apart from subsection (4) below, and
- (b) the sum of the transaction values of any relevant transactions to which subsection (5) of that section has previously applied,
exceeds the gains limit.
- (4) If, in the case of the final transaction,—
- (a) the aggregate mentioned in subsection (3) above exceeds the gains limit, but
- (b) the sum mentioned in paragraph (b) of that subsection is less than that limit,
subsection (5) of section 546C shall apply in relation to that transaction, but for the purposes of subsections (5) to (7) of that section its transaction value shall be reduced to an amount equal to the difference between the gains limit and the sum mentioned in paragraph (b) above.
- (5) Except as provided by subsection (4) above, subsection (5) of section 546C shall not apply in relation to the final transaction or any subsequent relevant transaction.
- (6) This section shall be construed as one with sections 546B and 546C.
##### 547A
- (1) If—
- (a) immediately before the happening of a chargeable event, two or more persons have relevant interests in the rights conferred by the policy or contract in question, and
- (b) any of those persons is a company,
section 547 shall have effect in relation to each such company as if it had been the only person with a relevant interest in those rights, but with references to the amount of the gain construed as references to the company's proportionate share of the amount of the gain.
- (2) References in this section to the rights conferred by a policy or contract are, in the case of an assignment or surrender of only a part of or share in any rights, references to that part or share.
- (3) For the purposes of this section, a person has a “relevant interest" in the rights conferred by a policy or contract—
- (a) in the case of an individual, if a share in the rights is vested in him as beneficial owner, or is held on non-charitable trusts created, or as security for a debt owed, by him;
- (b) in the case of a company, if a share in the rights is in the beneficial ownership of the company, or is held on non-charitable trusts created, or as security for a debt owed, by the company;
- (c) in the case of personal representatives, if a share in the rights is vested in them;
- (cc) in the case of trustees of a charitable trust, if a share in the rights is held by them or as security for a debt owed by them;
- (d) in the case of trustees of a non-charitable trust—
- (i) if a share in the rights is held by them, and the person who created the trusts is not resident in the United Kingdom or has died or (in the case of a company or foreign institution) has been dissolved or wound up or has otherwise come to an end;
- (ia) if a share in the rights is held by them which does not also fall within paragraph (a), (b) or (c) above or sub-paragraph (i) above; or
- (ii) if a share in the rights is held as security for a debt owed by them;
- (e) in the case of a foreign institution, if a share in the rights is in the beneficial ownership of the foreign institution, or is held as security for a debt owed by the foreign institution.
- (4) For the purposes of subsection (1) above, a person’s “proportionate share" of the amount of a gain is that share of it which is proportionate to the share of the rights by reference to which he has the relevant interest in question.
- (5) Where, immediately before the happening of a chargeable event, the rights conferred by the policy or contract in question are, or a share in those rights is, held as security for one or more debts owed by two or more persons, this section shall effect in relation to the chargeable event as if—
- (a) each of those persons were instead the sole debtor in respect of a separate debt; and
- (b) the security for that separate debt were the appropriate share of the security for the actual debt or debts (so far as consisting of the rights, or a share in the rights, conferred by the policy or contract);
and for the purposes of paragraph (b) above the appropriate share, in the case of any person, is a share which is proportionate to that share of the actual debt or, as the case may be, the aggregate of the two or more actual debts, for which he is liable as between the debtors.
- (6) Where, immediately before the happening of a chargeable event, the rights conferred by the policy or contract in question are, or a share in those rights is, held on non-charitable trusts created by two or more persons, this section shall have effect in relation to that chargeable event as if—
- (a) each of those persons had instead been the sole settlor in relation to a separate share of the rights or share so held; and
- (b) that separate share were proportionate to the share which originates from him of the whole of the property subject to the trusts immediately before the happening of the chargeable event.
- (7) The reference in subsection (6)(b) above to the share of the property which originates from a person is a reference to the share of the property which consists of—
- (a) property which that person has provided directly or indirectly for the purposes of the trusts;
- (b) property representing property which that person has so provided; and
- (c) so much of any property which represents both property so provided and other property as, on a just apportionment, represents the property so provided.
- (8) References in subsection (7) above to property which a person has provided directly or indirectly—
- (a) include references to property which has been provided directly or indirectly by another in pursuance of reciprocal arrangements with the person, but
- (b) do not include references to property which the person has provided directly or indirectly in pursuance of reciprocal arrangements with another.
- (9) References in subsection (7) above to property which represents other property include references to property which represents accumulated income from that other property.
- (10) Where immediately before the happening of a chargeable event—
- (a) the rights conferred by the policy or contract in question are, or a share in those rights is, held subject to any non-charitable trusts, and
- (b) different shares of the whole of the property subject to those trusts originate (within the meaning of subsection (6)(b) above) from different persons,
the rights or share shall, in relation to that chargeable event, be taken for the purposes of this section to be held on non-charitable trusts created by those persons.
- (11) Where the rights conferred by a policy or contract are, or an interest in any such rights is, in the beneficial ownership of two or more persons jointly, the rights or interest shall be treated for the purposes of this section as if they were in the beneficial ownership of those persons in equal shares.
- (12) A non-fractional interest in the rights conferred by a policy or contract shall be treated for the purposes of this section as if it were instead such a share in those rights as may justly and reasonably be regarded for those purposes as representing the non-fractional interest.
- (13) For the purposes of subsection (12) above, a “non-fractional interest" in the rights conferred by a policy or contract is an interest in some or all of those rights which is not a share in all of those rights (otherwise than by virtue only of subsection (2) above).
- (14) This section applies in a case where the same person has two or more relevant interests in the rights conferred by a policy or contract as it applies in a case where two or more persons have separate relevant interests, unless—
- (a) that person is the only person with a relevant interest in those rights, and
- (b) he has all the relevant interests in the same capacity,
in which case section 547 applies.
- (15) In this section—
- “*foreign institution*” means a person which is a company or other institution resident or domiciled outside the United Kingdom;
- “*personal representatives*” has the same meaning as in Part XVI.
- (16) For the purposes of this section, property held for the purposes of a foreign institution shall be regarded as in the beneficial ownership of the foreign institution.
- (17) Any reference in this section to trusts created by an individual includes a reference to trusts arising under—
- (a) section 11 of the Married Women's Property Act 1882;
- (b) section 2 of the Married Women's Policies of Assurance (Scotland) Act 1880; or
- (c) section 4 of the Law Reform (Husband and Wife) Act (Northern Ireland) 1964;
and references to the settlor or to the person creating the trusts shall be construed accordingly.
##### 548A
- (1) This section applies if—
- (a) in calculating the amount that falls to be treated as a receipt of a UK property business under Chapter 4 of Part 3 of ITTOIA 2005 (“*the ITTOIA receipt*”), there is a reduction under section 288 of that Act by reference to a taxed receipt, and
- (b) the taxed receipt is the amount chargeable on the superior interest for the purposes of section 37.
- (2) Section 37(4) shall apply for the period in respect of which the ITTOIA receipt arose only if the appropriate fraction of the amount chargeable on the superior interest exceeds the amount of the ITTOIA receipt given by the formula in section 277, 279, 280, 281 or 282 of ITTOIA 2005, as the case may be.
- (3) Section 37(4) shall then apply as if the amount chargeable on the superior interest were reduced in the proportion which that excess bears to that appropriate fraction.
- (4) Subsection (5) applies if—
- (a) the ITTOIA receipt is in respect of a lease granted out of the taxed lease,
- (b) the taxed lease is the head lease for the purposes of section 37, and
- (c) the lease granted as mentioned in paragraph (a) does not extend to the whole of the premises subject to the head lease.
- (5) Section 37(4) and subsections (2) and (3) above shall be applied separately to the part of the premises subject to the lease and to the remainder of the premises, but as if for any reference to the amount chargeable on the superior interest there were a reference to that amount proportionately adjusted.
- (6) For the purposes of this section the appropriate fraction of the amount chargeable on the superior interest is the fraction—
$$AB$where—A is the period in respect of which the ITTOIA receipt arose, andB is the period in respect of which the amount chargeable on the superior interest arose for the purposes of section 37.$
- (7) For the purposes of this section the period in respect of which an ITTOIA receipt arose is its receipt period (within the meaning of Chapter 4 of Part 3 of ITTOIA 2005 (see section 288(6))).
- (8) In this section the following expressions have the same meaning as in Chapter 4 of Part 3 of ITTOIA 2005—
- “reduction under section 288 by reference to a taxed receipt” (see section 290(6) of that Act),
- “taxed lease” (see section 287(4) of that Act), and
- “taxed receipt” (see section 287(4) of that Act).
- (9) In the application of this section to Scotland, references to a lease granted out of a taxed lease are to be construed as references to a sublease of land subject to the taxed lease.
#### Section 37(4) and reductions in receipts under ITTOIA 2005
##### 42A
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### Rent factoring
##### 43A
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##### 43B
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##### 43C
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##### 43D
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##### 43E
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##### 43F
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##### 43G
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##### 51AA
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##### 51A
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##### 51B
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#### Schedule F.
##### 56A
- (1) This section applies where there is an arrangement under which—
- (a) there is a right to receive an amount (with or without interest)
in pursuance of a deposit of money,
- (b) when the right comes into existence there is no certificate of deposit in respect of the right, and
- (c) the person for the time being entitled to the right is entitled to call for the issue of a certificate of deposit in respect of the right.
- (2) In such a case—
- (a) the right shall be treated as not falling within section 56(1)(b), and
- (b) if there is a disposal or exercise of the right before such time (if any) as a certificate of deposit is issued in respect of it, section 56(2) shall apply to it by virtue of this paragraph.
- (3) In the application of section 56 by virtue of this section—
- (a) subsection (2) shall have effect as if the words from “(whether” to “person)” read “(whether by the person originally entitled to the right or by some other person)”, and
- (b) subsection (3) shall have effect as if the words “stated in a certificate of deposit” read “under an arrangement”.
- (4) In this section “*certificate of deposit*” has the meaning given by section 56(5).
##### 62A
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##### 63A
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##### 65A
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##### 68A
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##### 68B
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##### 68C
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##### 70A
- (1) This section applies where a company is chargeable to corporation tax under Case V of Schedule D in respect of income which—
- (a) arises from a business carried on for the exploitation, as a source of rents or other receipts, of any estate, interest or rights in or over land outside the United Kingdom, and
- (b) is not income to which section 70(2) applies (income from a trade or vocation).
- (2) The provisions of Schedule A apply to determine whether income falls within subsection (1)(a) above as they would apply to determine whether the income fell within paragraph 1(1) of that Schedule if—
- (a) the land in question were in the United Kingdom, or
- (b) a caravan or houseboat which is to be used at a location outside the United Kingdom were to be used at a location in the United Kingdom.
- (3) Any provision of the Taxes Acts which deems there to be a Schedule A business in the case of land in the United Kingdom applies where the corresponding circumstances arise with respect to land outside the United Kingdom so as to deem there to be a business within subsection (1)(a) above.
- (4) All businesses and transactions carried on or entered into by a particular company or partnership, so far as they are businesses or transactions the income from which is chargeable to tax under Case V of Schedule D in accordance with this section, are treated for the purposes of the charge to tax under Case V as, or as entered into in the course of carrying on, a single business (an “overseas property business").
- (5) The income from an overseas property business shall be computed for the purposes of Case V of Schedule D in accordance with the rules applicable to the computation of the profits of a Schedule A business.
Those rules apply separately in relation to—
- (a) an overseas property business, and
- (b) any actual Schedule A business of the company chargeable,
as if each were the only Schedule A business carried on by that company.
- (6) Sections 503 and 504 of this Act . . . do not apply to the profits or losses of an overseas property business.
- (7) Where under this section rules expressed by reference to domestic concepts of law apply in relation to land outside the United Kingdom, they shall be interpreted so as to produce the result that most closely corresponds with the result produced for Schedule A purposes in relation to land in the United Kingdom.
##### 75A
- (1) This section has effect for the purpose of determining the accounting period to which expenses of management are referable for the purposes of section 75(1).
- (2) Where—
- (a) expenses of management are debited in accounts drawn up by a company for a period of account,
- (b) the treatment of those expenses in those accounts is in accordance with generally accepted accounting practice, and
- (c) the period of account coincides with an accounting period,
the expenses of management are referable to that accounting period.
- (3) Where—
- (a) expenses of management are debited in accounts drawn up by a company for a period of account, and
- (b) the treatment of those expenses in those accounts is in accordance with generally accepted accounting practice, but
- (c) the period of account does not coincide with an accounting period,
subsection (4) below applies.
- (4) Where this subsection applies, the expenses of management—
- (a) shall be apportioned between any accounting periods that fall within the period of account, and
- (b) are referable to an accounting period to the extent that they are so apportioned to it.
- (5) An apportionment under subsection (4) above shall be in accordance with section 834(4) (time basis) unless it appears that that method would work unreasonably or unjustly, in which case such other method shall be used as appears just and reasonable.
- (6) Where—
- (a) expenses of management are not referable to an accounting period by virtue of subsections (2) to (5) above, but
- (b) accounts are drawn up by the company for a period of account, and
- (c) if the expenses of management had been treated in those accounts in accordance with generally accepted accounting practice, they would fall to be debited in those accounts,
the expenses of management are referable to the accounting period to which they would have been referable in accordance with subsections (2) to (5) above if they had been so debited in those accounts.
- (7) Where expenses of management are not referable to an accounting period by virtue of subsections (2) to (6) above, they are referable to the accounting period to which they would be referable in accordance with subsections (2) to (5) above on the assumptions in subsection (8) below.
- (8) Those assumptions are—
- (a) that for each accounting period that does not coincide with, or fall within, any period of account, there is a period of account that coincides with that accounting period, and
- (b) that so much of the expenses of management as would fall to be debited in accordance with generally accepted accounting practice in accounts drawn up by the company for any such deemed period of account are so debited.
- (9) This section is without prejudice to any other provision of the Corporation Tax Acts which provides for amounts to be treated for the purposes of section 75 as expenses of management referable to an accounting period.
- (10) Any reference in this section to expenses of management being debited in accounts is a reference to those expenses being brought into account, in accordance with generally accepted accounting practice, as a debit—
- (a) in the company’s profit and loss account or income statement, or
- (b) in a statement of total recognised gains and losses , statement of changes in equity or other statement of items brought into account in computing the company’s profits and losses for accounting purposes.
For this purpose “*debit*” means an amount which for accounting purposes reduces a profit, or increases a loss, for a period of account.
#### Restrictions on relief
##### 75B
- (1) This section applies in any case where the following conditions are satisfied—
- (a) a credit is brought into account by a company in a period of account (the “reversal period”) which ends on or after the commencement date,
- (b) the credit reverses (in whole or in part) a debit brought into account in a previous period of account of the company (whenever ending),
- (c) the debit (in whole or in part) represents expenses of management deductible under section 75(1) for an accounting period of the company (“the period of deductibility”),
- (d) the expenses of management were so deductible for that period otherwise than by virtue of section 75(9) (carry forward of unrelieved excess),
- (e) the period of deductibility ends before, or at the same time as, the reversal period,
- (f) the reversal period does not coincide with an accounting period beginning before the commencement date.
- (2) In any such case, subsection (4) or (5) below (as the case may be) shall apply in relation to the reversal amount.
- (3) In this section “*the reversal amount*” means so much of the credit as—
- (a) reverses so much of the debit as represents the expenses of management, and
- (b) does not represent sums otherwise taken into account in determining for the purposes of corporation tax the profits and losses of the company for the relevant accounting period or any earlier accounting period.
For this purpose the relevant accounting period is the latest accounting period of the company that falls wholly or partly within the reversal period.
- (4) If the reversal period coincides with an accounting period of the company beginning on or after the commencement date, the reversal amount shall be dealt with for that period in accordance with subsection (7) below.
- (5) If the reversal period does not coincide with an accounting period of the company—
- (a) the reversal amount shall be apportioned between any accounting periods that fall within the reversal period, and
- (b) any amount so apportioned to an accounting period beginning on or after the commencement date shall be dealt with for that period in accordance with subsection (7) below.
- (6) An apportionment under subsection (5) above shall be in accordance with section 834(4) (time basis) unless it appears that that method would work unreasonably or unjustly, in which case such other method shall be used as appears just and reasonable.
- (7) Where an amount falls to be dealt with in accordance with this subsection for an accounting period—
- (a) it shall, so far as possible, be applied in reducing or further reducing (but not below nil) the company’s expenses of management deductible for that period otherwise than by virtue of section 75(9) (carry forward of unrelieved excess), and
- (b) so much of the amount as cannot be so applied shall be regarded as income of the company chargeable under Case VI of Schedule D for that accounting period.
- (8) In subsection (1) above “*brought into account*”, in relation to a period of account of a company, means brought into account in accordance with generally accepted accounting practice in determining, for accounting purposes, profit and loss for that period of account.
- (9) If (apart from this subsection) an accounting period does not coincide with, or fall within, any period of account, it shall be assumed for the purposes of this section that there is a period of account of the company that coincides with that accounting period.
- (10) It shall be assumed for the purposes of this section that, in determining for accounting purposes profit and loss for any period of account of any company, amounts fall to be brought into account in accordance with generally accepted accounting practice.
- (11) For the purposes of this section a credit reverses a debit in whole or in part in any case where the sum represented in whole or in part by the debit is paid and then in whole or in part repaid (as well as in a case where the sum represented by the debit is never paid).
- (a) a relevant chargeable event occurs in respect of a policy or contract,
- (b) commission in respect of the policy or contract has at any time been rebated or reinvested, and
- (c) condition A or B is met.
- (2) For the purposes of performing the calculation under section 541(1)(b) or (c) or 543(1)(a) or (b) for the chargeable event, the total amount paid under the policy or contract by way of premiums in any period is to be reduced by the total amount of commission attributable to those premiums that has been rebated or reinvested.
- (3) Condition A is that the total amount paid under the policy or contract by way of premiums in a relevant period exceeds £100,000.
- (4) Condition B is that—
- (a) at a time when the policy or contract was the taxable person's, the taxable person's policies and contracts exceeded the relevant threshold as respects a relevant period, and
- (b) payments under the policy or contract by way of premiums were made in that relevant period.
- (5) In subsection (4)(a) “*taxable person*” means the person whose policy or contract the policy or contract is, immediately before the chargeable event.
- (6) For the purposes of subsection (4)(a) a person's policies and contracts “exceed the relevant threshold” as respects a relevant period if the total amount of payments under them by way of premiums in that relevant period exceeds the sum specified in subsection (3).
- (7) In this section “*relevant chargeable event*” means a chargeable event within—
- (a) any of sub-paragraphs (ii) to (iv) of section 540(1)(a) (including those sub-paragraphs as they apply in relation to a qualifying policy),
- (b) section 542(1)(a) or (b), or
- (c) section 545(1)(a) to (c).
- (8) In this section “*relevant period*” means—
- (a) the period beginning with the beginning of the year of assessment in which the chargeable event occurs and ending with the chargeable event, or
- (b) any of the 3 preceding years of assessment.
- (9) References in this section to a premium include, in relation to a contract for a life annuity, lump sum consideration.
- (10) The Treasury may by order—
- (a) substitute another sum for the sum for the time being specified in subsection (3);
- (b) amend the definition of “relevant period”.
#### Transfers of trade to obtain balancing allowances
##### 548B
- (1) This section supplements section 548A.
- (2) “*Commission*”, in relation to a policy or contract, includes any passing of value to or for the benefit of an intermediary, or a person connected with an intermediary, that can reasonably be taken to represent a reward in respect of the policy or contract.
- (3) Commission in respect of a policy or contract is “reinvested” if, as a result of a waiver of an entitlement to it, there is an increase in the total value of a relevant person's policies and contracts.
- (4) The amount of commission reinvested is the amount of the increase.
- (5) Commission in respect of a policy or contract is “rebated” if—
- (a) value passes (directly or indirectly) from an intermediary, or a person connected with an intermediary, to or for the benefit of a relevant person (and the passing of value does not amount to the reinvestment of the commission), and
- (b) the passing of value can reasonably be taken to be in respect of the commission.
- (6) The amount of commission rebated is the amount of value passed.
- (7) A policy or contract is a person's policy or contract if a gain arising in connection with it would be—
- (a) a gain for which the person, or (if the person is an individual) the person's spouse or civil partner, would be liable to tax under Chapter 9 of Part 4 of ITTOIA 2005, or
- (b) treated by virtue of section 547(1) above as forming part of the person's income.
- (8) Any necessary apportionment is to be made (on a just and reasonable basis) as regards—
- (a) commission which is attributable to two or more premiums, and
- (b) any part of such commission that has been rebated or reinvested.
- (9) Commission which is in respect of one or more policies or contracts (but is not attributable to particular premiums) is to be attributed to such premiums as is just and reasonable.
- (10) In subsections (3) and (5), “*relevant person*” means—
- (a) any of the policyholders (including any of the persons who hold the contract),
- (b) a person who beneficially owns the rights under the policy or contract,
- (c) if those rights are held on trust, any of the trustees, or
- (d) a person connected (within the meaning of section 839) with a person within any of paragraphs (a) to (c).
- (11) In subsections (8) and (9), references to a premium include, in relation to a contract for a life annuity, lump sum consideration.
##### 551A
- (1) Where—
- (a) an amount is included in a company’s income by virtue of section 547(1)(b), and
- (b) the rights, or the part or share, in question were held immediately before the happening of the chargeable event on non-charitable trusts,
the company shall be entitled to recover from the trustees, to the extent of any sums, or to the value of any benefits, received by them by reason of the event, the amount (if any) by which T1 exceeds T2.
- (2) For the purposes of subsection (1) above—
- T1 is the tax with which the company is chargeable for the accounting period in question; and
- T2 is the tax with which the company would have been chargeable for the accounting period if the amount mentioned in subsection (1)(a) above had not been included as there mentioned.
- (3) A company may require the Board to certify any amount recoverable by the company by virtue of this section, and the certificate shall be conclusive evidence of the amount.
##### 552ZA
- (1) This section supplements section 552 and shall be construed as one with it.
- (2) Where the obligations under any policy or contract of the body that issued, entered into or effected it (“*the original insurer*”) are at any time the obligations of another body (“*the transferee*”) to whom there has been a transfer of the whole or any part of a business previously carried on by the original insurer, section 552 shall have effect in relation to that time, except where the chargeable event—
- (a) happened before the transfer, and
- (b) in the case of a death or an assignment, is an event of which the notification mentioned in subsection (6) or (7) of that section was given before the transfer,
as if the policy or contract had been issued, entered into or effected by the transferee.
- (3) Where, in consequence of section 546C(7)(a) of this Act and section 514(1) of ITTOIA 2005, paragraph (a) or (b) of section 552(1) requires certificates to be delivered in respect of two or more surrenders, happening in the same year, of part of or a share in the rights conferred by the policy or contract, a single certificate may be delivered under the paragraph in question in respect of all those surrenders (and may treat them as if they together constituted a single surrender) unless between the happening of the first and the happening of the last of them there has been—
- (a) an assignment of part of or a share in the rights conferred by the policy or contract; or
- (b) an assignment, otherwise than for money or money’s worth, of the whole of the rights conferred by the policy or contract.
- (4) Where the appropriate policy holder is two or more persons—
- (a) section 552(1)(a) requires a certificate to be delivered to each of them; but
- (b) nothing in section 552 or this section requires a body to deliver a certificate under subsection (1)(a) of that section to any person whose address has not been provided to the body (or to another body, at a time when the obligations under the policy or contract were obligations of that other body).
- (5) A certificate under section 552(1)(b) or (3)—
- (a) shall be in a form prescribed for the purpose by the Board; and
- (b) shall be delivered by any means prescribed for the purpose by the Board;
and different forms, or different means of delivery, may be prescribed for different cases or different purposes.
- (6) The Board may by regulations make such provision as they think fit for securing that they are able—
- (a) to ascertain whether there has been or is likely to be any contravention of the requirements of section 552 or this section; and
- (b) to verify any certificate under that section.
- (7) Regulations under subsection (6) above may include, in particular, provisions requiring persons to whom premiums under any policy are or have at any time been payable—
- (a) to supply information to the Board; and
- (b) to make available books, documents and other records for inspection on behalf of the Board.
- (8) Regulations under subsection (6) above may—
- (a) make different provision for different cases; and
- (b) contain such supplementary, incidental, consequential or transitional provision as appears to the Board to be appropriate.
##### 552ZB
- (1) The Commissioners for Her Majesty's Revenue and Customs may make regulations—
- (a) requiring relevant persons—
- (i) to provide prescribed information to persons who apply for the issue of qualifying policies or who are, or may be, required to make statements under paragraph B3(2) of Schedule 15;
- (ii) to provide to an officer of Revenue and Customs prescribed information about qualifying policies which have been issued by them or in relation to which they are or have been a relevant transferee;
- (b) making such provision (not falling within paragraph (a)) as the Commissioners think fit for securing that an officer of Revenue and Customs is able—
- (i) to ascertain whether there has been or is likely to be any contravention of the requirements of the regulations or of paragraph B3(2) of Schedule 15;
- (ii) to verify any information provided to an officer of Revenue and Customs as required by the regulations.
- (2) The provision that may be made by virtue of subsection (1)(b) includes, in particular, provision requiring relevant persons to make available books, documents and other records for inspection by or on behalf of an officer of Revenue and Customs.
- (3) The regulations may—
- (a) make different provision for different cases or circumstances, and
- (b) contain incidental, supplementary, consequential, transitional, transitory or saving provision.
- (4) In this section—
- “*prescribed*” means prescribed by the regulations,
- “*qualifying policy*” includes a policy which would be a qualifying policy apart from—paragraph A1(2), B1(2), B2(2) or B3(3) of Schedule 15, orparagraph 17(2)(za) of that Schedule (including as applied by paragraph 18), and
- “*relevant person*” means a person—who issues, or has issued, qualifying policies, orwho is, or has been, a relevant transferee in relation to qualifying policies.
- (5) For the purposes of this section a person (“X”) is at any time a “*relevant transferee*” in relation to a qualifying policy if the obligations under the policy of its issuer are at that time the obligations of X as a result of there having been a transfer to X of the whole or any part of a business previously carried on by the issuer.
##### 552A
- (1) This section has effect for the purpose of securing that, where it applies to an overseas insurer, another person is the overseas insurer’s tax representative.
- (2) In this section “*overseas insurer*” means a person who is not resident in the United Kingdom who carries on a business which consists of or includes the effecting and carrying out of—
- (a) policies of life insurance;
- (b) contracts for life annuities; or
- (c) capital redemption policies.
- (3) This section applies to an overseas insurer—
- (a) if the condition in subsection (4) below is satisfied on the designated day; or
- (b) where that condition is not satisfied on that day, if it has subsequently become satisfied.
- (4) The condition mentioned in subsection (3) above is that—
- (a) there are in force relevant insurances the obligations under which are obligations of the overseas insurer in question or of an overseas insurer connected with him; and
- (b) the total amount or value of the gross premiums paid under those relevant insurances is £1 million or more.
- (5) In this section “*relevant insurance*” means any policy of life insurance, contract for a life annuity or capital redemption policy . . . in the case of which—
- (a) the holder is resident in the United Kingdom;
- (b) the obligations of the insurer are obligations of a person not resident in the United Kingdom; and
- (c) those obligations are not attributable to a branch or agency of that person’s in the United Kingdom.
- (6) Before the expiration of the period of three months following the day on which this section first applies to an overseas insurer, the overseas insurer must nominate to the Board a person to be his tax representative.
- (7) A person shall not be a tax representative unless—
- (a) if he is an individual, he is resident in the United Kingdom and has a fixed place of residence there, or
- (b) if he is not an individual, he has a business establishment in the United Kingdom,
and, in either case, he satisfies such other requirements (if any) as are prescribed in regulations made for the purpose by the Board.
- (8) A person shall not be an overseas insurer’s tax representative unless—
- (a) his nomination by the overseas insurer has been approved by the Board; or
- (b) he has been appointed by the Board.
- (9) The Board may by regulations make provision supplementing this section; and the provision that may be made by any such regulations includes provision with respect to—
- (a) the making of a nomination by an overseas insurer of a person to be his tax representative;
- (b) the information which is to be provided in connection with such a nomination;
- (c) the form in which such a nomination is to be made;
- (d) the powers and duties of the Board in relation to such a nomination;
- (e) the procedure for approving, or refusing to approve, such a nomination, and any time limits applicable to doing so;
- (f) the termination, by the overseas insurer or the Board, of a person’s appointment as a tax representative;
- (g) the appointment by the Board of a person as the tax representative of an overseas insurer (including the circumstances in which such an appointment may be made);
- (h) the nomination by the overseas insurer, or the appointment by the Board, of a person to be the tax representative of an overseas insurer in place of a person ceasing to be his tax representative;
- (j) circumstances in which an overseas insurer to whom this section applies may, with the Board’s agreement, be released (subject to any conditions imposed by the Board) from the requirement that there must be a tax representative;
- (k) appeals to the Special Commissioners against decisions of the Board under this section or regulations under it.
- (10) The provision that may be made by regulations under subsection (9) above also includes provision for or in connection with the making of other arrangements between the Board and an overseas insurer for the purpose of securing the discharge by or on behalf of the overseas insurer of the relevant duties, within the meaning of section 552B.
- (11) Section 839 (connected persons) applies for the purposes of this section.
- (12) In this section—
- “*the commencement date*” means 1st April 2004;
- “*credit*” means an amount which for accounting purposes increases or creates a profit, or reduces a loss, for a period of account;
- “*debit*” means an amount which for accounting purposes reduces a profit, or increases or creates a loss, for a period of account.
#### Appeals against determinations under sections 34 to 36 or Chapter 4 of Part 3 of ITTOIA 2005.
##### 76A
- (1) In computing the amount of the profits to be charged to corporation tax under Case I of Schedule D arising from a trade carried on by an authorised person (other than an investment company)—
- (a) to the extent that it would not be deductible apart from this section, any sum expended by the authorised person in paying a levy may be deducted as an allowable expense;
- (b) any payment which is made to the authorised person as a result of a repayment provision is to be treated as a trading receipt.
- (2) “Levy” means—
- (a) a payment required under rules made under section 136(2) of the Financial Services and Markets Act 2000 (“the Act of 2000”);
- (b) a levy imposed under the Financial Services Compensation Scheme;
- (c) a payment required under rules made under section 234 of the Act of 2000;
- (d) a payment required under scheme rules in accordance with paragraph 15(1) of Schedule 17 to the Act of 2000;
- (e) a payment required in accordance with the standard terms fixed under paragraph 18 of Schedule 17 to the Act of 2000 other than an award which is not an award of costs under cost rules.
- (3) “Repayment provision” means—
- (a) any provision made by virtue of section 136(7) or 214(1)(e) of the Act of 2000;
- (b) any provision by scheme rules for fees to be refunded in specified circumstances.
- (4) “*Authorised person*” has the same meaning as in the Act of 2000.
- (5) “Scheme rules” means the rules referred to in paragraph 14(1) of Schedule 17 to the Act of 2000.
- (6) “Costs rules” means—
- (a) rules made under section 230 of the Act of 2000;
- (b) provision relating to costs contained in the standard terms fixed under paragraph 18 of Schedule 17 to the Act of 2000.
##### 76B
- (1) For the purposes of section 75 any sums paid by a company with investment business—
- (a) by way of a levy, or
- (b) as a result of an award of costs under costs rules,
shall be treated as part of its expenses of management.
- (2) For the purposes of corporation tax, if a payment is made to a company with investment business as a result of a repayment provision, the company shall be charged to tax under Case VI of Schedule D on the amount of that payment.
- (3) “*Levy*” has the meaning given in section 76A(2).
- (4) “Costs rules” has the meaning given in section 76A(6).
- (5) “*Repayment provision*” has the meaning given in section 76A(3).
#### Deep discount securities.
##### 79A
- (1) Notwithstanding anything in section 74, but subject to the provisions of this section, where a company carrying on a trade or profession makes any contribution (whether in cash or in kind) to a training and enterprise council, business link organisation or a local enterprise company, any expenditure incurred by the company in making the contribution may be deducted as an expense in computing the profits of the trade or profession for the purposes of corporation tax if it would not otherwise be so deductible.
- (2) Where any such contribution is made by a company with investment business any expenditure allowable as a deduction under subsection (1) above shall for the purposes of section 75 be treated as expenses of management.
- (2A) Where any such contribution is made by a company in relation to which section 76 applies (expenses of insurance companies) any expenditure allowable as a deduction under subsection (1) above shall for the purposes of that section be treated as expenses payable which fall to be brought into account at Step 1 in subsection (7) of that section.
- (3) Subsection (1) above does not apply in relation to a contribution made by any company if either the company or any person connected with the company receives or is entitled to receive a benefit of any kind whatsoever for or in connection with the making of that contribution, whether from the council, organisation or company concerned or from any other person.
- (4) In any case where—
- (a) relief has been given under subsection (1) above in respect of a contribution made by a company, and
- (b) any benefit received in any accounting period by the company or any person connected with the company is in any way attributable to that contribution,
the company shall in respect of that accounting period be charged to corporation tax under Case I or Case II of Schedule D, or if the company is not chargeable to corporation tax under either of those Cases for that period under Case VI of Schedule D, on an amount equal to the value of that benefit.
- (5) In this section—
- (aa) “*business link organisation*” means any person authorised by or on behalf of the Secretary of State to use a service mark (within the meaning of the Trade Marks (Amendment) Act 1984) designated by the Secretary of State for the purposes of this paragraph
- (a) “*training and enterprise council*” means a body with which the Secretary of State has made an agreement (not being one which has terminated) under which it is agreed that the body shall carry out the functions of a training and enterprise council, and
- (b) “*local enterprise company*” means a company with which an agreement (not being one which has terminated) under which it is agreed that the company shall carry out the functions of a local enterprise company has been made by . . . Scottish Enterprise or Highlands and Islands Enterprise.
- (6) Section 839 applies for the purposes of subsections (3) and (4) above.
- (7) This section applies to contributions made on or after 1st April 1990 or, in the case of a contribution to a business link organisation, 30th November 1993. . . .
##### 79B
- (1) Notwithstanding anything in section 74, but subject to the provisions of this section, where a company carrying on a trade or profession makes any contribution (whether in cash or in kind) to a designated urban regeneration company, any expenditure incurred by the company in making the contribution may be deducted as an expense in computing the profits of the trade or professionfor the purposes of corporation tax if it would not otherwise be so deductible.
- (2) Where any such contribution is made by a company with investment business, any expenditure allowable as a deduction under subsection (1) above shall for the purposes of section 75 be treated as expenses of management.
- (2A) Where any such contribution is made by a company in relation to which section 76 applies (expenses of insurance companies) any expenditure allowable as a deduction under subsection (1) above shall for the purposes of that section be treated as expenses payable which fall to be brought into account at Step 1 in subsection (7) of that section.
- (3) Subsection (1) above does not apply in relation to a contribution made by any company if either the company or any person connected with the company receives or is entitled to receive a benefit of any kind whatsoever for or in connection with the making of that contribution, whether from the urban regeneration company concerned or from any other person.
- (4) In any case where—
- (a) relief has been given under subsection (1) above in respect of a contribution made by a company, and
- (b) any benefit received in any accounting period by the company or any person connected with the company is in any way attributable to that contribution,
the company shall in respect of that accounting period be charged to corporation tax under Case I or Case II of Schedule D or, if the company is not chargeable to corporation tax under either of those Cases for that period, under Case VI of Schedule D on an amount equal to the value of that benefit.
- (5) In this section “*urban regeneration company*” means any body of persons (whether corporate or unincorporate) which the Treasury by order designates as an urban regeneration company for the purposes of this section.
- (6) The Treasury may only make an order under subsection (5) above designating a body as an urban regeneration company for the purposes of this section if they consider that each of the criteria in subsection (7) below is satisfied in the case of the body.
- (7) The criteria are that—
- (a) the sole or main function of the body is to co-ordinate the regeneration of a specific urban area in the United Kingdom;
- (b) the body is expected to seek to perform that function by creating a plan for the development of that area and endeavouring to secure that the plan is carried into effect;
- (c) in co-ordinating the regeneration of that area, the body is expected to work together with some or all of the public or local authorities which exercise functions in relation to the whole or part of that area.
- (8) An order under subsection (5) above may be framed so as to take effect on a date earlier than the making of the order, but not earlier than—
- (a) 1st April 2003, in the case of the first order under that subsection, or
- (b) three months before the date on which the order is made, in the case of any subsequent order.
- (9) Section 839 (connected persons) applies for the purposes of this section.
- (10) This section applies to contributions made on or after 1st April 2003.
##### 82A
- (1) Notwithstanding anything in section 74, where a company carrying on a trade incurs expenditure not of a capital nature on research and development—
- (a) related to that trade, and
- (b) directly undertaken by the company or on the company's behalf,
the expenditure incurred may be deducted as an expense in computing the profits of the trade for the purposes of corporation tax.
- (2) For this purpose expenditure on research and development does not include expenditure incurred in the acquisition of rights in, or arising out of, research and development.
Subject to that, it includes all expenditure incurred in carrying out, or providing facilities for carrying out, research and development.
- (3) The reference in subsection (1) above to research and development related to a trade includes—
- (a) research and development which may lead to or facilitate an extension of that trade;
- (b) research and development of a medical nature which has a special relation to the welfare of workers employed in that trade.
- (4) The same expenditure may not be taken into account under this section in relation to more than one trade.
- (5) In this section “*research and development*” has the meaning given by section 837A and includes oil and gas exploration and appraisal.
##### 82B
- (1) Notwithstanding anything in section 74, where a company carrying on a trade—
- (a) pays any sum to an Association in the case of which exemption may be claimed under section 508 and which has as its object the undertaking of research and development which may lead to or facilitate an extension of the class of trade to which the trade carried on by the company belongs, or
- (b) pays any sum to be used for scientific research related to that class of trade to any such university, college research institute or other similar institution as is for the time being approved for the purposes of this section by the Secretary of State,
the sum paid may be deducted as an expense in computing the profits of the trade for the purposes of corporation tax.
- (2) In this section “*scientific research*” means any activities in the fields of natural or applied science for the extension of knowledge.
- (3) The reference in subsection (1)(b) above to scientific research related to a class of trade includes—
- (a) scientific research which may lead to or facilitate an extension of trades of that class;
- (b) scientific research of a medical nature which has a special relation to the welfare of workers employed in trades of that class.
- (4) If a question arises under this section whether, or to what extent, any activities constitute or constituted scientific research, the Board shall refer the question for decision to the Secretary of State.
The decision of the Secretary of State is final.
- (5) The same expenditure may not be taken into account under this section in relation to more than one trade.
##### 83A
- (1) This section applies where a company carrying on a trade or profession gives an article falling within subsection (2) below to—
- (a) a charity within the meaning of section 506, or
- (b) a body listed in section 507(1).
- (2) An article falls within this subsection if—
- (a) it is an article manufactured, or of a class or description sold, by the company in the course of its trade; . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) Subject to subsection (4) below, where this section applies in the case of the gift of an article—
- (a) no amount shall be required, in consequence of the the company's disposal of that article from trading stock, to be brought into account for corporation tax purposes as a trading receipt of the company; . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) In any case where—
- (a) relief is given under subsection (3) above or section 63(2) of the Capital Allowances Act in respect of the gift of an article made by a company, and
- (b) any benefit received in any accounting period by the company or any person connected with the company is in any way attributable to the making of that gift,
the company shall in respect of that accounting period be charged to corporation tax under Case I or Case II of Schedule D or, if the company is not chargeable to corporation tax under either of those Cases for that period, under Case VI of Schedule D on an amount equal to the value of that benefit.
- (5) Section 839 applies for the purposes of this section.
##### 84A
- (1) Subsection (2) below applies where—
- (a) a company incurs expenditure on establishing a share option scheme which the Board approve and under which no employee or director obtains rights before such approval is given, or
- (b) a company incurs expenditure on establishing a profit sharing scheme which the Board approve and under which the trustees acquire no shares before such approval is given.
- (2) In such a case the expenditure—
- (a) shall be deducted in computing for the purposes of Schedule D or Part 2 of ITTOIA 2005 the profits of a trade carried on by the company, or
- (b) if the company is one with investment business, shall be treated as expenses of management deductible under section 75 to the extent that it otherwise would not be, or
- (c) if the company is one in relation to which section 76 applies, shall be treated for the purposes of that section as expenses payable which fall to be brought into account at Step 1 in subsection (7) of that section to the extent that it otherwise would not be.
- (3) In a case where—
- (a) subsection (2) above applies, and
- (b) the approval is given after the end of the period of nine months beginning with the day following the end of the period of account in which the expenditure is incurred,
for the purpose of applying subsection (2) above the expenditure shall be treated in accordance with subsection (3ZA) below.
- (3ZA) Where this subsection applies—
- (a) in applying subsection (2)(a) above, the expenditure shall be treated as incurred in the period of account in which the approval is given (and not the period of account mentioned in subsection (3)(b) above),
- (b) in applying subsection (2)(b) or (c) above, the expenditure shall be treated as referable to the accounting period in which the approval is given.
- (3A) In this section, “*share option scheme*” means—
- (a) an SAYE option scheme within the meaning of the SAYE code (see section 516(4) of ITEPA 2003 (approved SAYE option schemes)), or
- (b) a CSOP scheme within the meaning of the CSOP code (see section 521(4) of that Act (approved CSOP schemes)).
- (4) References in this section to approving are to approving under Schedule 9 to this Act or under Schedule 3 or 4 to ITEPA 2003 (approved SAYE option schemes and approved CSOP schemes).
- (5) This section applies where the expenditure is incurred on or after 1st April 1991.
##### 85A
- (1) Subsection (2) below applies where a company incurs expenditure on establishing a qualifying employee share ownership trust.
- (2) In such a case the expenditure—
- (a) shall be deducted in computing for the purposes of Schedule D the profits of a trade carried on by the company,. . .
- (b) if the company is a company with investment business, shall be treated as expenses of management deductible under section 75 to the extent that it otherwise would not be, or
- (c) if the company is one in relation to which section 76 applies, shall be treated for the purposes of that section as expenses payable which fall to be brought into account at Step 1 in subsection (7) of that section to the extent that it otherwise would not be.
- (3) In a case where—
- (a) subsection (2) above applies, and
- (b) the trust is established after the end of the period of nine months beginning with the day following the end of the period of account in which the expenditure is incurred,
for the purpose of applying subsection (2) above, the expenditure shall be treated in accordance with subsection(3A) below.
- (3A) Where this subsection applies—
- (a) in applying subsection (2)(a) above, the expenditure shall be treated as incurred in the period of account in which the trust is established (and not the period of account mentioned in subsection (3)(b) above),
- (b) in applying subsection (2)(b) or (c) above, the expenditure shall be treated as referable to the accounting period in which the trust is established.
- (4) In this section “*qualifying employee share ownership trust*” shall be construed in accordance with Schedule 5 to the Finance Act 1989.
- (5) For the purposes of this section the trust is established when the deed under which it is established is executed.
- (6) This section applies where the expenditure is incurred on or after 1st April 1991.
##### 85B
Schedule 4AA (which provides for deductions relating to approved share incentive plans) shall have effect.
##### 86A
- (1) This section applies where—
- (a) a company (the employer) is liable to make to any individual payments from which income tax falls to be deducted under PAYE regulations, and
- (b) the employer withholds sums from those payments in accordance with an approved scheme and pays the sums to an approved agent.
- (1A) In subsection (1)(b) “*approved scheme*” and “*approved agent*” have the same meaning as in section 714 of ITEPA 2003.
- (2) Any relevant expenditure incurred by the employer on or after 16th March 1993—
- (a) shall be deducted in computing for the purposes of Schedule D the profits of a trade or profession carried on by the employer, or
- (b) if the employer is a company with investment business, shall be treated as expenses of management deductible under section 75.
- (3) Relevant expenditure is expenditure incurred in making to the agent any payment in respect of expenses which have been or are to be incurred by the agent in connection with his functions under the scheme.
#### Computation of income tax where no profits in year of assessment.
##### 87A
- (1) This section applies if—
- (a) a lease has been granted out of the interest referred to in section 87(4),
- (b) in calculating the amount that falls to be treated as a receipt of a UK property business under Chapter 4 of Part 3 of ITTOIA 2005 in respect of the lease, there is a reduction under section 288 of that Act by reference to a taxed receipt, and
- (c) the taxed receipt is the amount chargeable for the purposes of section 87.
- (2) Section 37A (section 37(4) and reductions in receipts under ITTOIA 2005) shall apply for modifying the operation of section 87(2) and (3) as it applies for modifying the operation of section 37(4).
- (3) In this section the following expressions have the same meaning as in Chapter 4 of Part 3 of ITTOIA 2005—
- “reduction under section 288 by reference to a taxed receipt” (see section 290(6) of that Act), and
- “taxed receipt” (see section 287(4) of that Act).
#### Appeals against determinations under sections 34 to 36 or Chapter 4 of Part 3 of ITTOIA 2005.
##### 88A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 88B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 88C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 88D
- (1) This section applies to debts to which the following provisions do not apply—
- (a) Chapter 2 of Part 4 of the Finance Act 1996 (loan relationships, etc);
- (b) Schedule 26 to the Finance Act 2002 (derivative contracts);
- (c) Schedule 29 to that Act (intangible fixed assets).
- (2) In calculating the profits of a company's trade for the purposes of corporation tax, no deduction is allowed in respect of a debt owed to the company, except—
- (a) by way of impairment loss, or
- (b) to the extent that the debt is released wholly and exclusively for the purposes of that trade as part of a statutory insolvency arrangement.
- (3) In this section “*debt*” includes an obligation or liability that falls to be discharged otherwise than by the payment of money.
- (4) In this section “*trade*” has the meaning given by section 6(4).
##### 91A
- (1) This section applies where on or after 6th April 1989 a company makes a site restoration payment in the course of carrying on a trade.
- (2) Subject to subsection (3) below, for the purposes of . . . corporation tax the payment shall be allowed as a deduction in computing the profits of the trade for the period of account in which the payment is made.
- (3) Subsection (2) above shall not apply to so much of the payment as—
- (a) represents expenditure which has been allowed as a deduction in computing the profits of the trade for any period of account preceding the period of account in which the payment is made, or
- (b) represents capital expenditure in respect of which an allowance has been, or may be, made under the enactments relating to capital allowances.
- (4) For the purposes of this section a site restoration payment is a payment made—
- (a) in connection with the restoration of a site or part of a site, and
- (b) in order to comply with any condition of a relevant licence, or any condition imposed on the grant of planning permission to use the site for the carrying out of waste disposal activities, or any relevant obligation.
- (5) For the purposes of this section waste disposal activities are the collection, treatment, conversion and final depositing of waste materials, or any of those activities.
- (6) For the purposes of this section a relevant icence is—
- (a) a disposal licence under Part I of the Control of Pollution Act 1974 or Part II of the Pollution Control and Local Government (Northern Ireland) Order 1978, or
- (b) a waste management licence under Part II of the Environmental Protection Act 1990 or any corresponding provision for the time being in force in Northern Ireland, or
- (ba) a permit under regulations under section 2 of the Pollution Prevention and Control Act 1999, or a permit under regulations under Article 4 of the Environment (Northern Ireland) Order 2002, or
- (ba) a permit granted under regulations under section 2 of the Pollution Prevention and Control Act 1999, or a permit under regulations under Article 4 of the Environment (Northern Ireland) Order 2002, or
- (c) any authorisation under the Radioactive Substances Act 1960 or the Radioactive Substances Act 1993 for the disposal of radioactive waste or any nuclear site licence under the Nuclear Installations Act 1965.
- (7) For the purposes of this section a relevant obligation is—
- (a) an obligation arising under an agreement made under—
- (i) section 106 of the Town and Country Planning Act 1990, as originally enacted;
- (ii) section 75 of the Town and Country Planning (Scotland) Act 1997;
- (b) a planning obligation entered into under section 106 of the Act of 1990, as substituted by section 12 of the Planning and Compensation Act 1991, or under section 299A of the Act of 1990;
- (c) an obligation arising under or under an agreement made under any provision—
- (i) corresponding to section 106 of the Town and Country Planning Act 1990, as originally enacted or as substituted by the Act of 1991 or to section 299A of the Act of 1990; and
- (ii) for the time being in force in Northern Ireland.
- (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 91B
- (1) This section applies where a company—
- (a) incurs, in the course of carrying on a trade, site preparation expenditure in relation to a waste disposal site (the site in question),
- (b) holds, at the time the company first deposits waste materials on the site in question, a relevant licence which is then in force,
- (c) makes a claim for relief under this section in such form as the Board may direct, and
- (d) submits such plans and other documents (if any) as the Board may require;
and it is immaterial whether the expenditure is incurred before or after the coming into force of this section.
- (2) In computing the profits of the trade for a period of account ending after 5th April 1989, the allowable amount shall be allowed as a deduction for the purposes of . . . corporation tax.
- (3) In relation to a period of account (the period in question) the allowable amount shall be determined in accordance with the formula—
$(A-B)×CC+D$
- (4) A is the site preparation expenditure incurred by the company at any time before the beginning of, or during, the period in question—
- (a) in relation to the site in question, and
- (b) in the course of carrying on the trade;
but this subsection is subject to subsections (5) and (9) below.
- (5) A does not include any expenditure—
- (a) which has been allowed as a deduction in computing for the purposes of corporation tax or income tax the profits of the trade for any period of account preceding the period in question, or
- (b) which constitutes capital expenditure in respect of which an allowance has been, or may be, made for the purposes of corporation tax or income tax under the enactments relating to capital allowances.
- (6) B is an amount equal to any amount allowed as a deduction under this section or section 165 of ITTOIA 2005 (relief for income tax purposes), if allowed—
- (a) in computing the profits of the trade for any period of account preceding the period in question, and
- (b) as regards expenditure incurred in relation to the site in question;
and if different amounts have been so allowed as regards different periods, B is the aggregate of them.
- (7) C is the volume of waste materials deposited on the site in question during the period in question; but if the period is one beginning before 6th April 1989 C shall be reduced by the volume of any waste materials deposited on the site during the period but before that date.
- (8) D is the capacity of the site in question not used up for the deposit of waste materials, looking at the state of affairs at the end of the period in question.
- (9) Where any of the expenditure which would be included in A (apart from this subsection) was incurred before 6th April 1989, A shall be reduced by an amount determined in accordance with the formula—
$E×FF+G$
- (10) For the purposes of subsection (9) above—
- (a) E is so much of the initial expenditure (that is, the expenditure which would be included in A apart from subsection (9) above) as was incurred before 6th April 1989,
- (b) F is the volume of waste materials deposited on the site in question before 6th April 1989, and
- (c) G is the capacity of the site in question not used up for the deposit of waste materials, looking at the state of affairs immediately before 6th April 1989.
- (10A) For the purposes of this section any expenditure incurred for the purposes of a trade by a company about to carry it on shall be treated as if it had been incurred by that company on the first day on which it does carry it on and in the course of doing so.
- (11) For the purposes of this section—
- (a) a waste disposal site is a site used (or to be used) for the disposal of waste materials by their deposit on the site,
- (b) in relation to such a site, site preparation expenditure is expenditure on preparing the site for the deposit of waste materials (and may include expenditure on earthworks),
- (c) in relation to such a site, “*capacity*” means capacity expressed in volume,
- (d) “*relevant licence*” has the same meaning as in section 91A, . . .
- (e) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 91BA
- (1) This section applies where—
- (a) site preparation expenditure has been incurred in relation to a waste disposal site,
- (b) that expenditure was incurred by a person in the course of carrying on a trade, and
- (c) on or after 21st March 2000—
- (i) that person (“*the predecessor*”) ceases to carry on that trade, or ceases to carry it on so far as it relates to that site, and
- (ii) another person that is a company (“*the successor*”) begins to carry on that trade, or to carry on in the course of a trade the activities formerly carried on by the predecessor in relation to that site.
- (2) If the conditions specified in the following provisions of this section are met, then, for the purposes of section 91B above—
- (a) the trade carried on by the successor shall be treated as the same trade as that carried on by the predecessor, and
- (b) allowances shall be made to the successor (and not to the predecessor) as if everything done to or by the predecessor had been done to or by the successor.
- (3) The first condition is that the whole of the site in question is transferred to the successor.
Provided the successor holds an estate or interest in the whole of the site, it need not be the same as that held by the predecessor.
- (4) The second condition is that the successor, at the time it first deposits waste material at the site, holds a relevant licence in respect of the site which is then in force.
- (5) Expressions used in this section have the same meaning as in section 91B.
##### 91C
Where—
- (a) a company carrying on a trade incurs expenditure on mineral exploration and access as defined in section 396(1) of the Capital Allowances Act in an area or group of sands in which the presence of mineral deposits in commercial quantities has already been established, and
- (b) if the presence in that area or group of sands of mineral deposits in commercial quantities had not already been established, that expenditure would not have been allowed to be deducted in computing the profits of the trade for the purposes of corporation tax,
that expenditure shall not be so deducted.
### Payments for restrictive undertakings
##### 76ZA
- (1) This section applies if a payment—
- (a) is treated as earnings of an employee by virtue of section 225 of ITEPA 2003 (payments for restrictive undertakings), and
- (b) is made, or treated as made for the purposes of section 226 of that Act (valuable consideration given for restrictive undertakings), by a company in relation to which section 76 applies.
- (2) The payment is treated as expenses payable which fall to be brought into account at Step 1 in section 76(7), so far as it otherwise would not be.
### Seconded employees
##### 76ZB
- (1) This section applies if a company to which section 76 applies makes the services of a person employed for the purposes of the company's life assurance business available to—
- (a) a charity, or
- (b) an educational establishment,
on a basis that is stated and intended to be temporary.
- (2) Expenses of the employer that are attributable to the employee's employment during the period of the secondment are treated as expenses payable which fall to be brought into account at Step 1 in section 76(7).
- “*capital redemption policy*” means a capital redemption policy in relation to which this Chapter and Chapter 9 of Part 4 of ITTOIA 2005 have effect;
- “*contract for a life annuity*” means a contract for a life annuity in relation to which this Chapter and Chapter 9 of Part 4 of ITTOIA 2005 have effect;
- “*the designated day*” means such day as the Board may specify for the purpose in regulations;
- “*policy of life insurance*” means a policy of life insurance in relation to which this Chapter and Chapter 9 of Part 4 of ITTOIA 2005 have effect;
- “*tax representative*” means a tax representative under this section.
##### 552B
- (1) It shall be the duty of an overseas insurer’s tax representative to secure (where appropriate by acting on the overseas insurer’s behalf) that the relevant duties are discharged by or on behalf of the overseas insurer.
- (2) For the purposes of this section “*the relevant duties*” are—
- (a) the duties imposed by section 552,
- (b) the duties imposed by section 552ZA(2), (4) or (5), and
- (c) any duties imposed by regulations made under subsection (6) of section 552ZA by virtue of subsection (7) of that section,
so far as relating to relevant insurances under which the overseas insurer in question has any obligations.
- (3) An overseas insurer’s tax representative shall be personally liable—
- (a) in respect of any failure to secure the discharge of the relevant duties, and
- (b) in respect of anything done for purposes connected with acting on the overseas insurer’s behalf,
as if the relevant duties were imposed jointly and severally on the tax representative and the overseas insurer.
- (4) In the application of this section in relation to any particular tax representative, it is immaterial whether any particular relevant duty arose before or after his appointment.
- (5) This section has effect in relation to relevant duties relating to chargeable events happening on or after the day by which section 552A(6) requires the nomination of the overseas insurer’s first tax representative to be made.
- (5A) In subsection (5) “*chargeable event*” has the same meaning as in section 552 (see subsection (10) of that section).
- (6) Expressions used in this section and in section 552A have the same meaning in this section as they have in that section.
##### 553A
- (1) A policy of life insurance which, immediately before the happening of a chargeable event or a relevant event—
- (a) is an overseas policy, but
- (b) is not a new non-resident policy,
shall, in relation to that event, be treated for the purposes of this Chapter as if it were a new non-resident policy.
- (2) A policy of life insurance which, immediately before the happening of a relevant event—
- (a) is an overseas policy, and
- (b) is a new non-resident policy,
shall, in relation to that event, be taken for the purposes of this Chapter not to be a qualifying policy.
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) In this section—
- “*new non-resident policy*” means a new non-resident policy as defined in paragraph 24 of Schedule 15 (and in subsection (2) above includes a policy treated as such by virtue of subsection (1) above);
- “*overseas policy*” means a policy of life insurance which, by virtue of section 431D(1)(a), forms part of the overseas life assurance business of an insurance company or friendly society;
- “*relevant event*”, in relation to a policy of life insurance, means an event which would be a chargeable event in relation to that policy if the policy were assumed not to be a qualifying policy.
- (5) This section applies in relation to chargeable events and relevant events happening on or after 17th March 1998 in relation to policies of life insurance issued in respect of insurances made on or after that date.
- (6) A policy of life insurance issued in respect of an insurance made before 17th March 1998 shall be treated for the purposes of this section as issued in respect of one made on or after that date if it is varied on or after that date so as to increase the benefits secured or to extend the term of the insurance; and any exercise of rights conferred by the policy shall be regarded for this purpose as a variation.
##### 553B
- (1) A capital redemption policy which immediately before the happening of a chargeable event—
- (a) is an overseas policy, but
- (b) is not a new offshore capital redemption policy,
shall, in relation to that event, be treated for the purposes of this Chapter as if it were a new offshore capital redemption policy.
- (2) In this section—
- “*new offshore capital redemption policy*” has the same meaning as in section 553;
- “*overseas policy*” means a capital redemption policy which, by virtue of section 431D(1), forms part of the overseas life assurance business of an insurance company.
- (3) This section applies in relation to capital redemption policies where the contract is made on or after 23rd March 1999.
##### 553C
- (1) The Treasury may by regulations make provision imposing a yearly charge to corporation tax in relation to personal portfolio bonds (“yearly" being construed for this purpose by reference to years as defined in section 546(4)).
- (2) Subject to any provision to the contrary made by the regulations, any charge to corporation tax under this section is in addition to any other charge to corporation tax under this Chapter.
- (3) The regulations may make provision with respect to or in connection with all or any of the following—
- (a) the method by which the charge to corporation tax, or any relief, allowance or deduction against or in respect of the tax, is to be imposed or given effect;
- (b) the person who is to be liable for the tax;
- (c) the periods for or in respect of which the tax is to be charged;
- (d) the amounts in respect of which, or by reference to which, the tax is to be charged;
- (e) the period or periods by reference to which those amounts are to be determined;
- (f) the rate or rates at which the tax is to be charged;
- (g) any reliefs, allowances or deductions which are to be given or made against or in respect of the tax;
- (h) the administration of the tax.
- (4) The provision that may be made by the regulations includes provision for imposing the charge to corporation tax by a method which involves—
- (a) treating an event described in the regulations as if it were a chargeable event;
- (b) treating an amount determined in accordance with the regulations as if it were a gain treated as arising on the happening of a chargeable event; or
- (c) deeming an amount determined in accordance with the regulations to be income of a company; . . .
- (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5) The provision that may be made in the regulations includes provision for the amount or amounts in respect of which, or by reference to which, the tax is to be charged for periods beginning after the coming into force of the regulations to be determined in whole or in part by reference to periods beginning or ending, premiums paid, or events happening, before, on or after the day on which the Finance Act 1998 is passed.
- (6) The regulations may make provision excluding, or applying (with or without modification), other provisions of this Chapter in relation to policies or contracts which are also personal portfolio bonds.
- (7) In this section, “*personal portfolio bond*” means a policy of life insurance, contract for a life annuity or capital redemption policy under whose terms—
- (a) some or all of the benefits are determined by reference to the value of, or the income from, property of any description (whether or not specified in the policy or contract) or fluctuations in, or in an index of, the value of property of any description (whether or not so specified); and
- (b) some or all of the property, or such an index, may be selected by, or by a person acting on behalf of, the holder of the policy or contract or a person connected with him (or the holder of the policy or contract and a person connected with him);
but a policy or contract is not a personal portfolio bond if the only property or index which may be so selected is of a description prescribed for this purpose in the regulations.
- (8) The regulations may prescribe additional conditions which must be satisfied if a policy or contract is to be a personal portfolio bond.
- (9) The regulations—
- (a) may make different provision for different cases, different circumstances or different periods; and
- (b) may make incidental, consequential, supplemental or transitional provision.
- (9A) The Treasury may by regulations make provision, in relation to any policy or contract to which this subsection applies, for—
- (a) treating an event described in the regulations as if it were a chargeable event, and
- (b) treating an amount determined in accordance with the regulations as if it were a gain treated as arising on the happening of a chargeable event.
- (9B) Regulations under subsection (9A) may make such provision for the purposes only of enabling the gain to be taken into account in the application of this Chapter to the policy or contract on the later happening of a chargeable event.
- (9C) Regulations under subsection (9A) may make any provision for the calculation of the amount of the gain which regulations under subsection (1) may make for the calculation of the amount charged to corporation tax by virtue of regulations under that subsection.
- (9D) Subsections (6), (8) and (9) apply to regulations under subsection (9A).
- (9E) Subsection (9A) applies to a policy or contract if—
- (a) it is a personal portfolio bond, and
- (b) liability in respect of a gain arising in relation to it would arise by virtue of any of sections 464 to 468 of ITTOIA 2005 (persons liable for tax under Chapter 9 of Part 4 of that Act).
- (10) In this section, “holder", in the case of a policy or contract held by two or more persons, includes a reference to any of those persons.
- (11) Section 839 (connected persons) applies for the purposes of this section.
##### 559A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Substitution of security: supplemental.
### Chapter 5A — Share loss relief
### Relief for losses on unquoted shares in trading companies
##### 576A
- (1) For the purposes of this Chapter a qualifying trading company is a company which meets each of conditions A to D.
- (2) Condition A is that the company either—
- (a) meets each of the following requirements on the date of the disposal—
- (i) the trading requirement (see section 576B),
- (ii) the control and independence requirement (see section 576D),
- (iii) the qualifying subsidiaries requirement (see section 576E), and
- (iv) the property managing subsidiaries requirement (see section 576F), or
- (b) has ceased to meet any of those requirements at a time which is not more than 3 years before that date and has not since that time been an excluded company, an investment company or a trading company.
- (3) Condition B is that the company either—
- (a) has met each of the requirements mentioned in condition A for a continuous period of 6 years ending on that date or at that time, or
- (b) has met each of those requirements for a shorter continuous period ending on that date or at that time and has not before the beginning of that period been an excluded company, an investment company or a trading company.
- (4) Condition C is that the company—
- (a) met the gross assets requirement (see section 576G) both immediately before and immediately after the issue of the shares in respect of which the relief is claimed under this Chapter, and
- (b) met the unquoted status requirement (see section 576H) at the relevant time within the meaning of that section.
- (5) Condition D is that the company has carried on its business wholly or mainly in the United Kingdom throughout the period—
- (a) beginning with the incorporation of the company or, if later, 12 months before the shares in question were issued, and
- (b) ending with the date of the disposal.
### Qualifying trading companies: the requirements
##### 576B
- (1) The trading requirement is that—
- (a) the company, disregarding any incidental purposes, exists wholly for the purpose of carrying on one or more qualifying trades, or
- (b) the company is a parent company and the business of the group does not consist wholly or as to a substantial part in the carrying on of non-qualifying activities.
- (2) If the company intends that one or more other companies should become its qualifying subsidiaries with a view to their carrying on one or more qualifying trades—
- (a) the company is treated as a parent company for the purposes of subsection (1)(b), and
- (b) the reference in subsection (1)(b) to the group includes the company and any existing or future company that will be its qualifying subsidiary after the intention in question is carried into effect.
This subsection does not apply at any time after the abandonment of that intention.
- (3) For the purpose of subsection (1)(b) the business of the group means what would be the business of the group if the activities of the group companies taken together were regarded as one business.
- (4) For the purpose of determining the business of a group, activities are disregarded to the extent that they are activities carried on by a mainly trading subsidiary otherwise than for its main purpose.
- (5) For the purposes of determining the business of a group, activities of a group company are disregarded to the extent that they consist in—
- (a) the holding of shares in or securities of a qualifying subsidiary of the parent company,
- (b) the making of loans to another group company,
- (c) the holding and managing of property used by a group company for the purpose of one or more qualifying trades carried on by a group company, or
- (d) the holding and managing of property used by a group company for the purpose of research and development from which it is intended—
- (i) that a qualifying trade to be carried on by a group company will be derived, or
- (ii) that a qualifying trade carried on or to be carried on by a group company will benefit.
- (6) Any reference in subsection (5)(d)(i) or (ii) to a group company includes a reference to any existing or future company which will be a group company at any future time.
- (7) In this section—
- “*excluded activities*” has the meaning given by section 192 of ITA 2007 read with sections 193 to 199 of that Act,
- “*group*” means a parent company and all its qualifying subsidiaries,
- “*group company*”, in relation to a group, means the parent company or any of its qualifying subsidiaries,
- “*incidental purposes*” means purposes having no significant effect (other than in relation to incidental matters) on the extent of the activities of the company in question,
- “*mainly trading subsidiary*” means a subsidiary which, apart from incidental purposes, exists wholly for the purpose of carrying on one or more qualifying trades, and any reference to the main purpose of such a subsidiary is to be read accordingly,
- “*non-qualifying activities*” means—excluded activities, andactivities (other than research and development) carried on otherwise than in the course of a trade,
- “*parent company*” means a company that has one or more qualifying subsidiaries,
- “*qualifying subsidiary*” is to be read in accordance with section 191 of ITA 2007,
- “*qualifying trade*” has the meaning given by section 189 of that Act,
- “*research and development*” has the meaning given by section 837A.
- (8) In sections 189(1)(b) and 194(4)(c) of ITA 2007 (as applied by subsection (7) for the purposes of the definitions of “excluded activities” and “qualifying trade”) “*period B*” means the continuous period that is relevant for the purposes of section 576A(3).
- (9) In section 195 of ITA 2007 as applied by subsection (7) for the purposes mentioned in subsection (8), references to the issuing company are to be read as references to the company mentioned in subsection (1).
#### Relief where borrower deceased.
##### 576C
- (1) A company is not regarded as ceasing to meet the trading requirement by reason only of anything done in consequence of the company or any of its subsidiaries being in administration or receivership.
This has effect subject to subsections (2) and (3).
- (2) Subsection (1) applies only if—
- (a) the entry into administration or receivership, and
- (b) everything done as a result of the company concerned being in administration or receivership,
is for genuine commercial reasons, and is not part of a scheme or arrangement the main purpose or one of the main purposes of which is the avoidance of tax.
- (3) A company ceases to meet the trading requirement if before the time that is relevant for the purposes of section 576A(2)—
- (a) a resolution is passed, or an order is made, for the winding up of the company or any of its subsidiaries (or, in the case of a winding up otherwise than under the Insolvency Act 1986 or the Insolvency (Northern Ireland) Order 1989, any other act is done for the like purpose), or
- (b) the company or any of its subsidiaries is dissolved without winding up.
This is subject to subsection (4).
- (4) Subsection (3) does not apply if —
- (a) the winding up is for genuine commercial reasons, and is not part of a scheme or arrangement the main purpose or one of the main purposes of which is the avoidance of tax, and
- (b) the company continues, during the winding up, to be a trading company.
- (5) References in this section to a company being “in administration” or “in receivership” are to be read in accordance with section 252 of ITA 2007.
##### 576D
- (1) The control element of the requirement is that—
- (a) the company must not control (whether on its own or together with any person connected with it) any company which is not a qualifying subsidiary of the company, and
- (b) no arrangements must be in existence by virtue of which the company could fail to meet paragraph (a) (whether at a time during the continuous period that is relevant for the purposes of section 576A(3) or otherwise).
- (2) The independence element of the requirement is that—
- (a) the company must not—
- (i) be a 51% subsidiary of another company, or
- (ii) be under the control of another company (or of another company and any other person connected with that other company), without being a 51% subsidiary of that other company, and
- (b) no arrangements must be in existence by virtue of which the company could fail to meet paragraph (a) (whether at a time during the continuous period that is relevant for the purposes of section 576A(3) or otherwise).
- (3) This section is subject to section 576J(3).
- (3A) Section 839 (connected persons) applies for the purposes of this section.
- (4) In this section—
- “*arrangements*” includes any scheme, agreement or understanding, whether or not legally enforceable,
- “control” is to be read as follows—in subsection (1)(a), in accordance with section 416(2) to (6),in subsection (2)(a), in accordance with section 840,
- “*qualifying subsidiary*” is to be read in accordance with section 191 of ITA 2007.
#### Relevant loan interest.
##### 576E
- (1) The qualifying subsidiaries requirement is that any subsidiary that the company has must be a qualifying subsidiary of the company.
- (2) In this section “*qualifying subsidiary*” is to be read in accordance with section 191 of ITA 2007.
##### 576F
- (1) The property managing subsidiaries requirement is that any property managing subsidiary that the company has must be a qualifying 90% subsidiary of the company.
- (2) In this section—
- “*property managing subsidiary*” has the meaning given by section 188(2) of ITA 2007,
- “*qualifying 90% subsidiary*” has the meaning given by section 190 of that Act.
##### 576G
- (1) The gross assets requirement in the case of a single company is that the value of the company's gross assets—
- (a) must not exceed £7 million immediately before the shares in respect of which the relief is claimed under this Chapter are issued, and
- (b) must not exceed £8 million immediately afterwards.
- (2) The gross assets requirement in the case of a parent company is that the value of the group assets—
- (a) must not exceed £7 million immediately before the shares in respect of which the relief is claimed under this Chapter are issued, and
- (b) must not exceed £8 million immediately afterwards.
- (3) The value of the group assets means the aggregate of the values of the gross assets of each of the members of the group, disregarding any that consist in rights against, or shares in or securities of, another member of the group.
- (4) In this section—
- “*group*” means a parent company and its qualifying subsidiaries,
- “*parent company*” means a company that has one or more qualifying subsidiaries,
- “*qualifying subsidiary*” is to be read in accordance with section 191 of ITA 2007, and
- “*single company*” means a company that does not have one or more qualifying subsidiaries.
##### 576H
- (1) The unquoted status requirement is that, at the time (“*the relevant time*”) at which the shares in respect of which the relief is claimed under this Chapter are issued—
- (a) the company must be an unquoted company,
- (b) there must be no arrangements in existence for the company to cease to be an unquoted company, and
- (c) there must be no arrangements in existence for the company to become a subsidiary of another company (“the new company”) by virtue of an exchange of shares, or shares and securities, if—
- (i) section 576J applies in relation to the exchange, and
- (ii) arrangements have been made with a view to the new company ceasing to be an unquoted company.
- (2) The arrangements referred to in subsection (1)(b) and (c)(ii) do not include arrangements in consequence of which any shares, stocks, debentures or other securities of the company or the new company are at any subsequent time—
- (a) listed on a stock exchange that is a recognised stock exchange by virtue of an order made under section 1005(1)(b) of ITA 2007, or
- (b) listed on an exchange, or dealt in by any means, designated by an order made for the purposes of section 184(3)(b) or (c) of that Act,
if the order was made after the relevant time.
- (3) In this section—
- “*educational establishment*” has the same meaning as in section 70 of CTA 2009, and
- “*the period of the secondment*” means the period for which the employee's services are made available to the charity or educational establishment.
### Counselling and retraining expenses
##### 76ZC
- (1) This section applies if—
- (a) a company carrying on life assurance business (“*the employer*”) incurs counselling expenses,
- (b) the expenses are incurred in relation to a person (“*the employee*”) who holds or has held an office or employment under the employer, and
- (c) the relevant conditions are met.
- (2) The expenses are brought into account under section 76 as expenses payable (so far as they otherwise would not be).
- (3) In this section “*counselling expenses*” means expenses incurred—
- (a) in the provision of services to the employee in connection with the cessation of the office or employment,
- (b) in the payment or reimbursement of fees for such provision, or
- (c) in the payment or reimbursement of travelling expenses in connection with such provision.
- (4) In this section “*the relevant conditions*” means—
- (a) conditions A to D for the purposes of section 310 of ITEPA 2003 (employment income exemptions: counselling and other outplacement services), and
- (b) in the case of travel expenses, condition E for those purposes.
##### 76ZD
- (1) This section applies if—
- (a) a company carrying on life assurance business (“*the employer*”) incurs training course expenses,
- (b) they are incurred in relation to a person (“*the employee*”) who holds or has held an office or employment under the employer, and
- (c) the relevant conditions are met.
- (2) The expenses are brought into account under section 76 as expenses payable (so far as they otherwise would not be).
- (3) In this section—
- “*retraining course expenses*” means expenses incurred in the payment or reimbursement of retraining course expenses within the meaning given by section 311(2) of ITEPA 2003, and
- “*the relevant conditions*” means—the conditions in subsections (3) and (4) of section 311 of ITEPA 2003 (employment income exemptions: retraining courses), andin the case of travel expenses, the conditions in subsection (5) of that section.
##### 76ZE
- (1) This section applies if—
- (a) an employer's liability to corporation tax for an accounting period is determined on the assumption that it is entitled by virtue of section 76ZD to bring an amount into account in determining the amount of a deduction to be made under section 76, and
- (b) without section 76ZD the employer would not have been so entitled.
- (2) If, subsequently—
- (a) the condition in section 311(4)(a) of ITEPA 2003 is not met because of the employee's failure to begin the course within the period of one year after ceasing to be employed, or
- (b) the condition in section 311(4)(b) of ITEPA 2003 is not met because of the employee's continued employment or re-employment,
an assessment of an amount or further amount of corporation tax due as a result of the condition not being met may be made under paragraph 41 of Schedule 18 to FA 1998.
- (3) Such an assessment must be made before the end of the period of 6 years immediately following the end of the accounting period in which the failure to meet the condition occurred.
- (4) If subsection (2) applies, the employer must give an officer of Revenue and Customs a notice containing particulars of—
- (a) the employee's failure to begin the course,
- (b) the employee's continued employment, or
- (c) the employee's re-employment,
within 60 days of coming to know of it.
- (5) If an officer of Revenue and Customs has reason to believe that the employer has failed to give such a notice, the officer may by notice require the employer to provide such information as the officer may reasonably require for the purposes of this section about—
- (a) the failure to begin the course,
- (b) the continued employment, or
- (c) the re-employment.
- (6) A notice under subsection (5) may specify a time (not less than 60 days) within which the required information must be provided.
### Redundancy payments etc
##### 76ZF
- (1) Sections 76ZG to 76ZI apply if—
- (a) a company to which section 76 applies (“*the employer*”) makes a redundancy payment or an approved contractual payment to another person (“*the employee*”), and
- (b) the payment is in respect of the employee's employment wholly in the employer's life assurance business or partly in the employer's life assurance business and partly in one or more other capacities.
- (2) For the purposes of this section and sections 76ZG to 76ZH “*redundancy payment*” means a redundancy payment payable under—
- (a) Part 11 of the Employment Rights Act 1996, or
- (b) Part 12 of the Employment Rights (Northern Ireland) Order 1996.
- (3) For the purposes of this section and those sections—
- “*contractual payment*” means a payment which, under an agreement, an employer is liable to make to an employee on the termination of the employee's contract of employment, and
- a contractual payment is “*approved*” if, in respect of that agreement, an order is in force under—section 157 of the Employment Rights Act 1996, orArticle 192 of the Employment Rights (Northern Ireland) Order 1996.
##### 76ZG
- (1) This section applies if the payment is in respect of the employee's employment wholly in the employer's life assurance business.
- (2) The payment is treated as expenses payable which fall to be brought into account at Step 1 in section 76(7), so far as it otherwise would not be.
- (3) The amount brought into account by virtue of this section for an approved contractual payment must not exceed the amount which would have been due to the employee if a redundancy payment had been payable.
- (4) If the payment is referable to an accounting period beginning after the business has permanently ceased to be carried on, it is treated as referable to the last accounting period in which the business was carried on.
##### 76ZH
- (1) This section applies if the payment is in respect of the employee's employment with the employer—
- (a) partly in the employer's life assurance business, and
- (b) partly in one or more other capacities.
- (2) The amount of the redundancy payment, or the amount which would have been due if a redundancy payment had been payable, is to be apportioned on a just and reasonable basis between—
- (a) the employment in the life assurance business, and
- (b) the employment in the other capacities.
- (3) The part of the payment apportioned to the employment in the life assurance business is treated as a payment in respect of the employee's employment wholly in the life assurance business for the purposes of section 76ZG.
##### 76ZI
- (1) This section applies if the employer's business, or part of it, ceases (permanently) to be carried on and the employer makes a payment to the employee in addition to—
- (a) the redundancy payment, or
- (b) if an approved contractual payment is made, the amount that would have been due if a redundancy payment had been payable.
- (2) If—
- (a) the additional payment would not otherwise be regarded as expenses payable for the purposes of section 76, but
- (b) that is only because the business, or the part of the business, has ceased to be carried on,
the additional payment is regarded as expenses payable for the purposes of section 76.
- (3) So far as the additional payment would, apart from this subsection, be regarded as expenses payable for the purposes of Step 5 in subsection (7) of section 76, it is not to be so regarded for the purposes of that subsection (or of subsection (2) above so far as relating to section 76).
- (4) The amount treated under this section as expenses payable for the purposes of section 76 is limited to 3 times the amount of—
- (a) the redundancy payment, or
- (b) if an approved contractual payment is made, the amount that would have been due if a redundancy payment had been payable.
- (5) If the payment is referable to an accounting period beginning after the business or the part of the business has ceased to be carried on, it is treated as referable to the last accounting period in which the business, or the part concerned, was carried on.
##### 76ZJ
- (1) This section applies if—
- (a) a redundancy payment or an approved contractual payment is payable by a company to which section 76 applies (“*the employer*”), and
- (b) a payment to which subsection (2) applies is made in respect of the payment.
- (2) This subsection applies to—
- (a) payments made by the Secretary of State under section 167 of the Employment Rights Act 1996, and
- (b) payments made by the Department for Employment and Learning under Article 202 of the Employment Rights (Northern Ireland) Order 1996.
- (3) So far as the employer reimburses the Secretary of State or Department for the payment, sections 76ZG to 76ZI apply as if the payment were—
- (a) a redundancy payment, or
- (b) an approved contractual payment,
made by the employer.
### Contributions to local enterprise organisations or urban regeneration companies
##### 76ZK
- (1) This section applies if a company to which section 76 applies (“*the contributor*”) incurs expenses in making a contribution (whether in cash or in kind)—
- (a) to a local enterprise organisation, or
- (b) to an urban regeneration company.
- (2) The expenses are treated for the purposes of section 76 as expenses payable which fall to be brought into account at Step 1 in section 76(7).
- (3) But if, in connection with the making of the contribution, the contributor or a connected person—
- (a) receives a disqualifying benefit of any kind, or
- (b) is entitled to receive such a benefit,
the amount treated in accordance with subsection (2) is restricted to the amount of the expenses less the value of the benefit.
- (4) For this purpose it does not matter whether a person receives, or is entitled to receive, the benefit—
- (a) from the local enterprise organisation or urban regeneration company concerned, or
- (b) from anyone else.
- (5) Subsection (6) applies if—
- (a) an amount has been brought into account in accordance with subsection (2), and
- (b) the contributor or a connected person receives a disqualifying benefit that is in any way attributable to the contribution.
- (6) The contributor is to be treated as receiving, when the benefit is received, an amount—
- (a) which is equal to the value of the benefit (so far as not brought into account in determining the amount of the deduction), and
- (b) to which the charge to corporation tax on income applies.
- (7) In this section—
- “*disqualifying benefit*” means a benefit the expenses of obtaining which, if incurred by the contributor directly in a transaction at arm's length, would not be expenses payable for the purposes of section 76,
- “*local enterprise organisation*” has the meaning given by section 83 of CTA 2009,
- “*urban regeneration company*” has the meaning given by section 86 of CTA 2009.
- (8) Section 839 (“connected person”) applies for the purposes of subsections (3) and (5).
### Unpaid remuneration
##### 76ZL
- (1) This section applies if—
- (a) an amount is charged in respect of employees' remuneration in the accounts for a period of a company to which section 76 applies,
- (b) the amount would apart from this section be brought into account under section 76 as expenses payable, and
- (c) the remuneration is not paid before the end of the period of 9 months immediately following the end of the period of account.
- (2) If the remuneration is paid after the end of that period of 9 months, the amount is brought into account for the period of account in which it is paid.
- (3) But—
- (a) subsection (2) is subject to section 86 of FA 1989 (spreading of relief for acquisition expenses), and
- (b) in interpreting that section the remuneration is treated as expenses payable which fall to be included at Step 1 in section 76(7) for the period of account in which the remuneration is paid.
- (4) The amount is not brought into account under section 76 as expenses payable if it is not paid.
##### 76ZM
- (1) For the purposes of section 76ZL an amount charged in the accounts in respect of employees' remuneration includes an amount for which provision is made in the accounts with a view to its becoming employees' remuneration.
- (2) For the purposes of section 76ZL it does not matter whether an amount is charged for—
- (a) particular employments, or
- (b) employments generally.
- (3) If the profits of the company are calculated before the end of the 9 month period mentioned in section 76ZL(1)(c)—
- (a) it must be assumed, in making the calculation, that any remuneration which is unpaid when the calculation is made will not be paid before the end of that period, but
- (b) if the remuneration is subsequently paid before the end of that period, nothing in this subsection prevents the calculation being revised and any tax return being amended accordingly.
- (4) For the purposes of this section and section 76ZL remuneration is paid when it—
- (a) is treated as received by an employee for the purposes of ITEPA 2003 by section 18 or 19 of that Act (receipt of money and non-money earnings), or
- (b) would be so treated if it were not exempt income.
- (5) In this section and section 76ZL—
- “*employee*” includes an office-holder and “*employment*” therefore includes an office, and
- “*remuneration*” means an amount which is or is treated as earnings for the purposes of Parts 2 to 7 of ITEPA 2003.
### Car or motor cycle hire
##### 76ZN
- (1) Subsection (2) applies if—
- (a) in calculating the corporation tax to which a company is liable for an accounting period, an amount representing expenses incurred on the hiring of a car or motor cycle can be brought into account under section 76 as expenses payable,
- (b) the car or motor cycle is not a qualifying hire car or motor cycle, and
- (c) the retail price of the car or motor cycle when new exceeds £12,000.
- (2) The amount that would otherwise be capable of being brought into account as expenses payable is reduced by multiplying the amount by the fraction—
$$£12,000+RP2×RP$where RP is the retail price of the car or motor cycle when new.$
- (3) Subsection (4) applies if an amount is reduced as a result of subsection (2), or a corresponding provision, and—
- (a) subsequently—
- (i) there is a rebate (however described) of the hire charges, or
- (ii) a debt in respect of any of the hire charges is released otherwise than as part of a statutory insolvency agreement, and
- (b) an amount is brought into account in respect of the rebate or release.
- (4) For the purposes of subsection (3)(b) an amount is brought into account in respect of a rebate of hire charges or the release of a debt if—
- (a) the amount of a reversal representing the rebate or release falls to be deducted under Step 4 in section 76(7), or
- (b) (in the case of a rebate of hire charges) an amount representing the rebate is chargeable under section 85(1) of the Finance Act 1989 (c. 26).
- (5) The amount that would otherwise be deductible as mentioned in subsection (4)(a) or chargeable as mentioned in subsection (4)(b) is reduced by multiplying it by the fraction set out in subsection (2).
- (6) In this section “*corresponding provision*” means—
- (a) section 56(2) of CTA 2009 (car or motor cycle hire: trade profits and property income),
- (b) section 1251(2) of CTA 2009 (car or motor cycle hire: companies with investment business), and
- (c) section 48(2) of ITTOIA 2005 (car or motor cycle hire: trade profits and property income).
- (7) The power under section 74(4) of CAA 2001 to increase or further increase the sums of money specified in Chapter 8 of Part 2 of CAA 2001 includes the power to increase or further increase the sum of money specified in subsection (1)(c) or (2).
- (8) In this section “*car or motor cycle*” and “*qualifying hire car or motor cycle*” have the meanings given by section 57 of CTA 2009.
##### 76ZO
- (1) Section 76ZN does not apply to expenses incurred on the hiring of a car with low CO₂ emissions, or an electrically-propelled car, if—
- (a) the car was first registered on or after 17 April 2002, and
- (b) the period of hire begins before 1 April 2013 under a contract entered into before that date.
- (2) For this purpose—
- “*car with low CO₂ emissions*” has the meaning given by section 45D of CAA 2001, and
- “*electrically-propelled car*” has the meaning given by that section.
##### 95ZA
- (1) If the total amount of relevant distributions received by a company in an accounting period exceeds £50,000, those distributions are to be taken into account in calculating for corporation tax purposes the profits of the company in that period (and accordingly section 208 does not apply in relation to those distributions).
- (2) A company (“company A”) receives a “relevant distribution” if—
- (a) it receives a distribution made by a company resident in the United Kingdom (“company B”),
- (b) the value of the shares or stock in respect of which the distribution is made (“the holding”) is materially reduced by reason of the distribution,
- (c) a profit on the sale of the holding (to anyone other than company B) would be taken into account in calculating company A's profits in respect of relevant insurance business, and
- (d) either—
- (i) the holding amounts to, or is an ingredient in a holding amounting to, 10% of all holdings of the same class in company B, or
- (ii) the period between the acquisition by company A of the holding and that company first taking steps to dispose of the holding does not exceed 30 days.
- (3) In this section “*relevant insurance business*” means any kind of insurance business other than life assurance business.
- (4) Section 177(7) of TCGA 1992 (provision supplementing provision corresponding to subsection (2)(d)(i) above) applies for the purposes of subsection (2)(d)(i).
- (5) Section 731(4) below (interpretation of “taking steps to dispose of securities”) applies for the purposes of subsection (2)(d)(ii) as if the reference to the securities were to the holding.
##### 95A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Relief for post-cessation expenditure
##### 109A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Change of residence
##### 110A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Expenses of insurance companies
### Limited liability partnerships
##### 118ZA
- (1) For corporation tax purposes, where a limited liability partnership carries on a trade, profession or other business with a view to profit—
- (a) all the activities of the partnership are treated as carried on in partnership by its members (and not by the partnership as such),
- (b) anything done by, to or in relation to the partnership for the purposes of, or in connection with, any of its activities is treated as done by, to or in relation to the members as partners, and
- (c) the property of the partnership is treated as held by the members as partnership property.
References in this subsection to the activities of the limited liability partnership are to anything that it does, whether or not in the course of carrying on a trade, profession or other business with a view to profit.
- (2) For all purposes, except as otherwise provided, in the Corporation Tax Acts—
- (a) references to a partnership include a limited liability partnership in relation to which subsection (1) above applies,
- (b) references to members of a partnership include members of such a limited liability partnership,
- (c) references to a company do not include such a limited liability partnership, and
- (d) references to members of a company do not include members of such a limited liability partnership.
- (3) Subsection (1) above continues to apply in relation to a limited liability partnership which no longer carries on any trade, profession or other business with a view to profit—
- (a) if the cessation is only temporary, or
- (b) during a period of winding up following a permanent cessation, provided—
- (i) the winding up is not for reasons connected in whole or in part with the avoidance of tax, and
- (ii) the period of winding up is not unreasonably prolonged,
but subject to subsection (4) below.
- (4) Subsection (1) above ceases to apply in relation to a limited liability partnership—
- (a) on the appointment of a liquidator or (if earlier) the making of a winding-up order by the court, or
- (b) on the occurrence of any event under the law of a country or territory outside the United Kingdom corresponding to an event specified in paragraph (a) above.
##### 118ZB
Section 118 has effect in relation to a member of a limited liability partnership as in relation to a limited partner, but subject to sections 118ZC and 118ZD.
##### 118ZC
- (1) Subsection (3) of section 118 does not have effect in relation to a member of a limited liability partnership.
- (2) But, for the purposes of . . . section 118, such a member’s contribution to a trade at any time (“*the relevant time*”) is the greater of—
- (a) the amount subscribed by it, and
- (b) the amount of its liability on a winding up.
- (3) The amount subscribed by a member of a limited liability partnership is the amount which it has contributed to the limited liability partnership as capital, less so much of that amount (if any) as—
- (a) it has previously, directly or indirectly, drawn out or received back,
- (b) it so draws out or receives back during the period of five years beginning with the relevant time,
- (c) it is or may be entitled so to draw out or receive back at any time when it is a member of the limited liability partnership, or
- (d) it is or may be entitled to require another person to reimburse to it.
- (4) The amount of the liability of a member of a limited liability partnership on a winding up is the amount which—
- (a) it is liable to contribute to the assets of the limited liability partnership in the event of the partnership's being wound up, and
- (b) it remains liable so to contribute for the period of at least five years beginning with the relevant time (or until the partnership is wound up, if that happens before the end of that period).
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 118ZD
- (1) Where amounts relating to a trade carried on by a member of a limited liability partnership are, in any one or more accounting periods, prevented from being given or allowed by section . . . 118 as it applies otherwise than by virtue of this section (the member's“total unrelieved loss”), subsection (2) applies in each subsequent accounting period in which—
- (a) the member carries on the trade as a member of the limited liability partnership, and
- (b) any of the member's total unrelieved loss remains outstanding.
- (2) Sections 393A(1) and 403 (and section 118 as it applies in relation to those sections) shall have effect in the subsequent accounting period as if—
- (a) any loss sustained or incurred by the member in the trade in that accounting period were increased by an amount equal to so much of the member's total unrelieved loss as remains outstanding in that period, or
- (b) (if no loss is so sustained or incurred) a loss of that amount were so sustained or incurred.
- (3) To ascertain whether any (and, if so, how much) of a member’s total unrelieved loss remains outstanding in the subsequent accounting period, deduct from the amount of the member's total unrelieved loss the aggregate of—
- (a) any relief given under any provision of the Corporation Tax Acts (otherwise than as a result of subsection (2)) in respect of the member's total unrelieved loss in that or any previous accounting period, and
- (b) any amount given or allowed in respect of the member's total unrelieved loss as a result of subsection (2) in any previous accounting period (or which would have been so given or allowed had a claim been made).
### Non-active general partners and non-active members of limited liability partnerships
##### 118ZE
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 118ZF
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Amounts reversing expenses of management deducted: charge to tax
##### 118ZG
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 118ZH
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 118ZI
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 18ZJ
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 118ZK
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Partnerships exploiting films
##### 118ZL
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 118ZM
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Partners: meaning of “contribution to the trade”
#### Levies and repayments under the Financial Services and Markets Act 2000.
##### 118ZN
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 118ZO
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Chapter VIIA — Paying and collecting agents
##### 118A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 118B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 118C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 118D
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 118E
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 118F
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 118G
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 118H
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 118I
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 118J
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 118K
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Levies and repayments under the Financial Services and Markets Act 2000.
##### 126A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 127A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 129A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 129B
- (1) The income which, as income deriving from investments of a description specified in any of the relevant provisions, is eligible for relief from tax by virtue of that provision shall be taken to include any relevant stock lending fee.
- (2) For the purposes of this section the relevant provisions are sections 613(4) and 614(3) and section 186 of the Finance Act 2004.
- (3) In this section “*relevant stock lending fee*”, in relation to investments of any description, means any amount, in the nature of a fee, which is payable in connection with any stock lending arrangement relating to investments which, but for any transfer under the arrangement, would be investments of that description.
- (4) In this section “*stock lending arrangement*” has the same meaning as in section 263B of the 1992 Act.
#### Payments to trustees of approved profit sharing schemes.
#### Conventional basis: general charge on receipts after discontinuance . . . .
#### Paying agents.
##### 140A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 140B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 140C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 140D
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 140E
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 140F
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 140G
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 140H
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Definitions.
##### 144A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 146A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 151A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 155ZA
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 155ZB
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 155AA
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 155A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Cars available for private use.
##### 156A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 157A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 159AA
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 159AB
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 159AC
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 159A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 161A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 161B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 168A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 168AA
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 168AB
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 168B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 168C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 168D
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 168E
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 168F
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 168G
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Exceptions from tax.
#### Change of scheme employer.
##### 177A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 177B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Contributions in respect of share option gains
#### Interpretation of sections 185 and 186 and Schedules 9 and 10.
##### 187A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Removal expenses and benefits
##### 191A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 191B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 192A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Foreign pensions.
##### 197A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 197AA
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 197AB
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 197AC
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Mileage allowances
##### 197AD
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 197AE
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Giving effect to mileage allowance relief
##### 197AF
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 197AG
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 197AH
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Mileage allowances
##### 197B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 197C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 197D
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 197E
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 197F
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Sporting and recreational facilities
##### 197G
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 198A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 200ZA
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 200AA
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 200A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 200B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 200C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 200D
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 200E
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 200F
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 200G
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 200H
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 200J
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##### 201AA
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##### 201A
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##### 202A
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##### 202B
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##### 203A
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##### 203B
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##### 203C
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##### 203D
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##### 203E
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##### 203F
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##### 203FA
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##### 203FB
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##### 203G
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##### 203H
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##### 203I
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##### 203J
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##### 203K
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##### 203L
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##### 206A
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##### 207A
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#### PAYE: payment by intermediary.
##### 209A
- (1) Subsection (3AA) of section 209 does not apply in relation to a security issued by a company (the “*issuing company*”) if the security is one which to a significant extent reflects dividends or other distributions in respect of, or fluctuations in the value of, shares in one or more companies each of which is—
- (a) the issuing company; or
- (b) an associated company of the issuing company;
but this subsection is subject to the following provisions of this section.
- (2) Subsection (1) above does not prevent subsection (3AA) of section 209 above from applying in relation to a security if—
- (a) the issuing company is a bank or securities house;
- (b) the security is issued by the issuing company in the ordinary course of its business; and
- (c) the security reflects dividends or other distributions in respect of, or fluctuations in the value of, shares in companies falling within paragraph (a) or (b) of subsection (1) above by reason only that the security reflects fluctuations in a qualifying index.
- (3) In subsection (2)(c) above “*qualifying index*” means an index whose underlying subject matter includes both—
- (a) shares in one or more companies falling within paragraph (a) or (b) of subsection (1) above, and
- (b) shares in one or more companies falling within neither of those paragraphs,
and which is an index such that the shares falling within paragraph (b) above represent a significant proportion of the market value of the underlying subject matter of the index.
- (4) In this section—
- “*bank*” has the meaning given by section 840A;
- “*securities house*” means any person—who is authorised for the purposes of the Financial Services and Markets Act 2000; andwhose business consists wholly or mainly of dealing in financial instruments as principal;and in paragraph (b) above “*financial instrument*” has the meaning given by section 984 of ITA 2007.
- (5) For the purposes of this section a company is an “*associated company*” of another at any time if at that time one has control of the other or both are under the control of the same person or persons.
- (6) For the purposes of subsection (5) above, “*control*”, in relation to a company, means the power of a person to secure—
- (a) by means of the holding of shares or the possession of voting power in or in relation to the company or any other company, or
- (b) by virtue of any powers conferred by the articles of association or other document regulating the company or any other company,
that the affairs of the company are conducted in accordance with his wishes.
- (7) There shall be left out of account for the purposes of subsection (6) above—
- (a) any shares held by a company, and
- (b) any voting power or other powers arising from shares held by a company,
if a profit on a sale of the shares would be treated as a trading receipt of a trade carried on by the company and the shares are not, within the meaning of Chapter 1 of Part 12, assets of an insurance company’s long-term insurance fund (see section 431(2)).
##### 209B
- (1) Subsection (3AA) of section 209 does not at any time apply in relation to a security issued by a company (the “*issuing company*”) if at that time, or any earlier time on or after 17th April 2002, there are or have been any hedging arrangements that relate to some or all of the company’s liabilities under the security.
- (2) Subsection (1) above does not prevent subsection (3AA) of section 209 from applying in relation to a security at any time if—
- (a) conditions 1 to 4 below are satisfied in relation to any such hedging arrangements at that time; and
- (b) at all earlier times on or after 17th April 2002 when there have been hedging arrangements that relate to some or all of the company’s liabilities under the security, conditions 1 to 4 below were satisfied in relation to those hedging arrangements.
- (3) Where subsection (3AA) of section 209 at any time ceases to apply in relation to a security by virtue of this section, subsection (2)(d) of that section shall have effect in relation to the security as from that time as it would have had effect if subsection (3AA) had never applied in relation to the security.
- (4) Condition 1 is that the hedging arrangements do not constitute, include, or form part of, any scheme or arrangement the purpose or one of the main purposes of which is the avoidance of tax (including stamp duty or stamp duty land tax).
- (5) Condition 2 is that the hedging arrangements are such that, where for the purposes of corporation tax a deduction in respect of the security falls to be made at any time by the issuing company, then at that time, or within a reasonable time before or after it, any amounts intended under the hedging arrangements to offset some or all of that deduction arise—
- (a) to the issuing company; or
- (b) to a company which is a member of the same group of companies as the issuing company.
- (6) Condition 3 is that the whole of every amount arising as mentioned in subsection (5) above is brought into charge to corporation tax—
- (a) by a company falling within paragraph (a) or (b) of that subsection, or
- (b) by two or more companies, taken together, each of which falls within paragraph (a) or (b) of that subsection.
- (7) Condition 4 is that for the purposes of corporation tax any deductions in respect of expenses of establishing or administering the hedging arrangements are reasonable, in proportion to the amounts required to be brought into charge to corporation tax by subsection (6) above.
- (8) For the purposes of this section “*hedging arrangements*”, in relation to a security, means any scheme or arrangement for the purpose, or for purposes which include the purpose, of securing that an amount of income or gain accrues, or is received or receivable, whether directly or indirectly, which is intended to offset some or all of the amounts which fall to be brought into account, in accordance with generally accepted accounting practice, in respect of amounts accruing or falling to be paid in accordance with the terms of the security.
- (9) Any reference in this section to two companies being members of the same group of companies is a reference to their being members of the same group of companies for the purposes of Chapter 4 of Part 10 of this Act (group relief).
##### 213A
- (1) A reference in the Corporation Tax Acts to distributions of a company shall not apply to a distribution if—
- (a) it is a distribution consisting of—
- (i) the transfer of part of a business by a company (“the distributing company”) to one or more other companies (“the transferee company or companies”), and
- (ii) the issue of shares by the transferee company or companies to the members of the distributing company, and
- (b) the requirements of either section 140A(1A) of the 1992 Act (division of UK business) or section 140C(1A) of that Act (division of non-UK business) are satisfied in relation to the distribution.
- (2) A distribution to which this section applies is an “*exempt distribution*” for the purposes of sections 214 to 217.
- (3) The expression “*relevant company*” in sections 214 to 217 includes the distributing company and the transferee company or companies.
### Industrial and provident society dividends etc
##### 230A
- (1) This section applies if—
- (a) a dividend or bonus is granted by a registered industrial and provident society, and
- (b) section 132 (deduction for dividends etc granted by industrial and provident societies) of CTA 2009 allows the sum representing the dividend or bonus to be deducted in calculating the profits of a trade.
- (2) The dividend, or the bonus, is not treated as a distribution for the purposes of the Corporation Tax Acts.
##### 231A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 231AA
- (1) A person shall not be entitled to a tax credit under section 231 . . . in respect of a qualifying distribution if—
- (a) he is the borrower under a stock lending arrangement or the lender under a creditor repo or creditor quasi-repo;
- (b) the qualifying distribution is, or is a payment representative of, a distribution in respect of securities to which the arrangement or repo in question relates; and
- (c) a manufactured dividend representative of that distribution is paid by that person in respect of securities to which the arrangement or repo in question relates.
- (1A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2) In this section “*stock lending arrangement*” has the same meaning as in section 263B of the 1992 Act and, in relation to any such arrangement, any reference to the borrower, or the securities to which the arrangement relates, shall be construed accordingly.
- (3) In this section “*creditor repo*” and “*creditor quasi-repo*” have the meaning given by Schedule 13 to the Finance Act 2007.
- (4) For the purposes of this section “*manufactured dividend*” has the same meaning as in paragraph 2 of Schedule 23A (and any reference to a manufactured dividend being paid accordingly includes a reference to a payment falling by virtue of section 736B(2) . . . to be treated for the purposes of Schedule 23A as if it were made).
- (5) For the purposes of this section a person is taken to have paid a manufactured dividend representative of a distribution in respect of securities to which a creditor repo relates if (as a result of paragraph 13(1) of Schedule 13 to the Finance Act 2007) the person is treated for the purposes of Chapter 9 of Part 15 of ITA 2007 as making a payment which is representative of the income payable on the securities.
##### 231AB
- (1) A person shall not be entitled to a tax credit under section 231 . . . in respect of a qualifying distribution if—
- (a) the person is the borrower under a debtor repo or debtor quasi-repo;
- (b) the qualifying distribution is a manufactured dividend paid to the borrower in consequence of that repo; and
- (c) the arrangement or arrangements in relation to that repo are not such that the actual dividend which the manufactured dividend represents is receivable otherwise than by the borrower under that repo.
- (1A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2) In this section “*debtor repo*” and “*debtor quasi-repo*” have the meaning given by Schedule 13 to the Finance Act 2007.
- (3) Subsection (4) of section 231AA applies for the purposes of this section as it applies for the purposes of that section.
##### 231B
- (1) This section applies in any case where—
- (a) a person (“A”) is entitled to a tax credit in respect of a qualifying distribution;
- (b) arrangements subsist such that another person (“B”) obtains, whether directly or indirectly, a payment representing any of the value of the tax credit;
- (c) the arrangements (whether or not made directly between A and B) were entered into for an unallowable purpose; and
- (d) the condition in subsection (2) below is satisfied.
- (2) The condition is that if B had been the person entitled to the tax credit and the qualifying distribution to which it relates, and had received the distribution when it was made, then—
- (a) B would not have been entitled to obtain any payment under section 231(2) or (3) in respect of the tax credit; and
- (b) if B is a company, B could not have used the income consisting of the distribution to frank a distribution actually made in the accounting period in which it would have received the distribution to which the tax credit relates.
- (3) This section does not apply if and to the extent that any other provision of the Tax Acts has the effect of cancelling or reducing the tax advantage which would otherwise be obtained by virtue of the arrangements.
- (4) Where this section applies—
- (a) no claim shall be made under section 231(2) for payment of the amount of the tax credit;
- (b) no claim shall be made under section 397(2) of ITTOIA 2005. . . in respect of the tax credit;
- (c) the income consisting of the distribution in respect of which A is entitled to the tax credit shall not be regarded for the purposes of section 241 as franked investment income; and
- (d) no claim shall be made under section 35 of the Finance (No. 2) Act 1997 (transitional relief) for payment of an amount determined by reference to that distribution.
- (5) For the purposes of this section, the question whether any arrangements were entered into for an “unallowable purpose” shall be determined in accordance with subsections (6) and (7) below.
- (6) Arrangements are entered into for an unallowable purpose if the purposes for which at least one person is a party to the arrangements include a purpose which is not amongst the business or other commercial purposes of that person.
- (7) Where one of the purposes for which a person enters into any arrangements is the purpose of securing that that person or another obtains a tax advantage, that purpose shall be regarded as a business or other commercial purpose of the person only if it is neither the main purpose, nor one of the main purposes, for which the person enters into the arrangements.
- (8) Any reference in this section to a person obtaining a tax advantage includes a reference to a person obtaining a payment representing any of the value of a tax credit in circumstances where, had the person obtaining the payment been entitled to the tax credit and the qualifying distribution to which it relates, that person—
- (a) would not have been entitled to obtain any payment under section 231(2) or (3) in respect of the tax credit; and
- (b) if that person is a company, could not have used the income consisting of the distribution to frank a distribution actually made in the accounting period in which it would have received the distribution to which the tax credit relates.
- (9) If an amount representing any of the value of a tax credit to which a person is entitled is applied at the direction of, or otherwise in favour of, some other person (whether by way of set off or otherwise), the case shall be treated for the purposes of this section as one where that other person obtains a payment representing any of the value of the tax credit.
- (10) In determining for the purposes of subsections (2)(b) and (8)(b) b above whether a company could have used the income consisting of the distribution in question to frank a distribution of the company, the company shall be taken to use its actual franked investment income to frank distributions before using the income consisting of the distribution in question.
- (11) References in this section to using franked investment income to frank a distribution of a company have the same meaning as in Chapter V of Part VI.
- (12) In this section—
- “*arrangements*” means arrangements of any kind, whether in writing or not (and includes a series of arrangements, whether or not between the same parties);
- “*business or other commercial purposes*” includes the efficient management of investments;
- “*franked investment income*” has the same meaning as in Chapter V of Part VI and references to income consisting of a distribution shall be construed accordingly;
- “*tax advantage*” has the meaning given by section 840ZA
#### Section 209(3AA): link to shares of company or associated company
##### 234A
- (1) This section applies where dividend or interest is distributed by a company which is—
- (a) a company within the meaning of the Companies Act 1985 or the Companies (Northern Ireland) Order 1986, or
- (b) a company created by letters patent or by or in pursuance of an Act.
- (2) If the company makes a payment of dividend or interest to any person, and subsection (3) below does not apply, within a reasonable period the company shall send an appropriate statement to that person.
- (3) If the company makes a payment of dividend or interest into a bank or building society account held by any person, within a reasonable period the company shall send an appropriate statement to either—
- (a) the bank or building society concerned, or
- (b) the person holding the account.
- (4) In a case where—
- (a) a statement is received by a person under subsection (2) or (3)(b) above,
- (b) the whole or part of the sum concerned is paid to or on behalf of the person as nominee for another person, and
- (c) the nominee makes a payment of the sum or part to the other person and subsection (5) below does not apply,
within a reasonable period the nominee shall send an appropriate statement to that person.
- (5) In a case where—
- (a) a statement is received by a person under subsection (2) or (3)(b) above,
- (b) the whole or part of the sum concerned is paid to or on behalf of the person as nominee for another person, and
- (c) the nominee makes a payment of the sum or part into a bank or building society account held by the other person,
within a reasonable period the nominee shall send an appropriate statement to either the bank or building society concerned or the other person.
- (6) In the case of a payment of interest which is not a qualifying distribution or part of a qualifying distribution, references in this section to an appropriate statement are to a written statement showing—
- (a) the gross amount which, after deduction of the income tax appropriate to the interest, corresponds to the net amount actually paid,
- (b) the rate and the amount of income tax appropriate to such gross amount,
- (c) the net amount actually paid, and
- (d) the date of the payment.
- (7) In the case of a payment of dividend or interest which is a qualifying distribution or part of a qualifying distribution, references in this section to an appropriate statement are to a written statement showing—
- (a) the amount of the dividend or interest paid,
- (b) the date of the payment, and
- (c) the amount of the tax credit to which a person is entitled in respect of the dividend or interest, or to which a person would be so entitled if he had a right to a tax credit in respect of the dividend or interest.
- (8) In this section “*send*” means send by post.
- (8A) In this section “*bank*” has the meaning given by section 840A.
- (9) If a person fails to comply with subsection (2), (3), (4) or (5) above, the person shall incur a penalty of £60 in respect of each offence, except that the aggregate amount of any penalties imposed under this subsection on a person in respect of offences connected with any one distribution of dividends or interest shall not exceed £600.
- (10) The Board may by regulations provide that where a person is under a duty to comply with subsection (2), (3), (4) or (5) above, the person shall be taken to comply with the subsection if the person either—
- (a) acts in accordance with the subsection concerned, or
- (b) acts in accordance with rules contained in the regulations;
and subsection (9) above shall be construed accordingly.
- (11) Regulations under subsection (10) above may make different provision for different circumstances.
##### 245A
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##### 245B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Chapter VA — Foreign Income Dividends
### Election by company paying dividend
#### Taxation of certain recipients of distributions and in respect of non-qualifying distributions.
##### 246A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 246B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Recipient of foreign income dividend
##### 246C
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##### 246D
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### Companies: payments and receipts
##### 246E
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##### 246F
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##### 246G
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##### 246H
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Foreign source profit and distributable foreign profit
##### 246I
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### Matching of dividend with distributable foreign profit
##### 246J
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##### 246K
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##### 246L
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##### 246M
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Repayment or set-off of advance corporation tax
##### 246N
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 246P
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 246Q
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 246R
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### International headquarters companies
##### 246S
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 246T
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 246U
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##### 246V
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##### 246W
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Adjustments
##### 246X
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Application of this Chapter
##### 246Y
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Taxation of certain recipients of distributions and in respect of non-qualifying distributions.
### Approved share incentive plans
##### 251A
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##### 251B
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##### 251C
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#### Further interpretation of sections 135 to 139.
##### 251D
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 256A
- (1) For the purposes of this Chapter an individual's adjusted net income for a year of assessment is calculated as follows.
*Step 1*
Take the amount of the individual's net income for the year of assessment.
*Step 2*
If in the year of assessment the individual makes, or is treated under section 426 of ITA 2007 as making, a gift that is a qualifying donation for the purposes of Chapter 2 of Part 8 of that Act (gift aid) deduct the grossed up amount of the gift.
*Step 3*
If the individual is given relief in accordance with section 192 of FA 2004 (relief at source) in respect of any contribution paid in the year of assessment under a pension scheme, deduct the gross amount of the contribution.
*Step 4*
Add back any relief under section 266 of this Act given by virtue of subsection (7) of that section (payments for life insurance etc) that was deducted in calculating the individual's net income for the year of assessment.
The result is the individual's adjusted net income for the year of assessment.
- (2) The grossed up amount of a gift is the amount of the gift grossed up by reference to the basic rate for the year of assessment.
- (3) The gross amount of a contribution is the amount of the contribution before deduction of tax under section 192(1) of FA 2004.
##### 256B
In this Chapter “*the minimum amount*” means £2,350.
##### 257AA
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 257A
- (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2) If the claimant is, for the whole or any part of the year of assessment, a married man whose wife is living with him and whose marriage was entered into before 5th December 2005, and either of them was born before 6th April 1935, he shall (subject to subsection (3A) below) be entitled for that year to a tax reduction calculated by reference to £2,665 . . . .
- (3) If the claimant is, for the whole or any part of the year of assessment, a married man whose wife is living with him and whose marriage was entered into before 5th December 2005, and either of them
- (a) is at any time within that year of the age of 75 or upwards, and
- (b) was born before 6th April 1935,
he shall (subject to subsection (3A) below) be entitled for that year to a tax reduction calculated by reference to £2,705 (instead of to the reduction provided for by subsection . . . (2) above).
- (3A) Subsections (2) and (3) above shall not apply in relation to the claimant for any year of assessment if an election made by the claimant and his wife under section 257AB(1)(c) has effect for that year.
- (4) For the purposes of subsection (3) above a person who would have been of or over the age of 75 within the year of assessment if he had not died in the course of it shall be treated as having been of that age within that year.
- (5) In relation to a claimant whose adjusted net income for the year of assessment exceeds £12,300, subsections (2) and (3) above shall apply as if the amounts specified in them were reduced by—
- (a) one half of the excess, less
- (b) any reduction made in his allowance under section 257 by virtue of subsection (5) of that section,
. . .
- (5A) The amounts specified in subsections (2) and (3) above shall not by virtue of subsection (5) above be treated as reduced below the minimum amount.
- (6) A man shall not be entitled by virtue of this section to more than one tax reduction for any year of assessment; and in relation to a claim by a man who becomes married in the year of assessment and has not previously in the year been entitled to relief under this section, this section shall have effect as if the amounts specified in subsections (2) and (3) above were reduced by one twelfth for each month of the year ending before the date of the marriage.
- In this subsection “*month*” means a month beginning with the 6th day of a month of the calendar year.
- (6A) A tax reduction under this section is given effect at Step 6 of the calculation in section 23 of ITA 2007.
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 257AB
- (1) This section applies if —
- (a) the claimant is, for the whole or any part of the year of assessment, living with his spouse or civil partner,
- (b) either the claimant or his spouse or civil partner was born before 6th April 1935,
- (c) the marriage or civil partnership was entered into on or after 5th December 2005 or, if the marriage was entered into before that date, an election for this section to apply has effect for that year, and
- (d) the claimant's net income for that year exceeds that of his spouse or civil partner or, if they have the same amount of net income for that year, the claimant is specified in an election as the person to be entitled to relief under this section for that year.
- (2) The claimant shall be entitled for that year to a tax reduction—
- (a) calculated by reference to £5,975 (if either the claimant or his spouse or civil partner is at any time within that year of the age of 75 or upwards), or
- (b) calculated by reference to £5,905 (in any other case).
- (3) For the purposes of subsection (2)(a) above an individual who would have been of or over the age of 75 within the year of assessment if he had not died in the course of it shall be treated as having been of that age within that year.
- (4) In relation to a claimant whose adjusted net income for the year of assessment exceeds £19,500, subsection (2) above applies as if the amounts specified in it were reduced by—
- (a) one half of the excess, less
- (b) any reduction made in his allowance under section 257 by virtue of subsection (5) of that section.
- (5) The amounts specified in subsection (2) above shall not by virtue of subsection (4) above be treated as reduced below the minimum amount.
- (6) An individual shall not be entitled by virtue of this section to more than one tax reduction for any year of assessment.
- (7) In relation to a claim by an individual who —
- (a) becomes a spouse or civil partner in the year of assessment, and
- (b) has not previously in the year been entitled to relief under this section,
this section shall have effect as if the amounts specified in subsection (2) above were reduced by one twelfth for each month of the year ending before the date of the marriage or civil partnership.
- In this subsection “*month*” means a month beginning with the 6th day of a month of the calendar year.
- (8) An election under subsection (1)(c) —
- (a) shall be made jointly by the parties to the marriage,
- (b) shall be made before the first year of assessment for which it is to have effect,
- (c) shall have effect for that and each succeeding year of assessment for which any party to the marriage is entitled to relief under this section, and
- (d) shall be irrevocable.
- (9) An election under subsection (1)(d) —
- (a) shall be made jointly by the parties to the marriage or civil partnership, and
- (b) shall be made on or before the 5th anniversary of the 31st January next following the end of the year of assessment to which the election relates.
- (10) A tax reduction under this section is given effect at Step 6 of the calculation in section 23 of ITA 2007.
#### Credit-tokens.
##### 257BA
- (1) An individual may elect that for any year of assessment for which the individual's spouse or civil partner is entitled to a tax reduction under section 257A or 257AB—
- (a) the individual shall be entitled (on making a claim) to a tax reduction calculated by reference to half the minimum amount, and
- (b) the spouse or civil partner's appropriate amount shall be reduced by half the minimum amount.
- (2) An individual and the individual's spouse or civil partner may jointly elect that for any year of assessment for which the individual is entitled to a tax reduction under section 257A or 257AB—
- (a) the individual's spouse or civil partner shall be entitled (on making a claim) to a tax reduction calculated by reference to the minimum amount, and
- (b) the individual's appropriate amount shall be reduced by the minimum amount.
- (3) An individual may elect that for any year of assessment for which the individual's spouse or civil partner is entitled to a tax reduction by virtue of an election under subsection (2) above—
- (a) the individual shall be entitled (on making a claim) to a tax reduction calculated by reference to half the minimum amount (in addition to any tax reduction to which the individual is already entitled under section 257A or 257AB), and
- (b) the tax reduction to which the spouse or civil partner is entitled by virtue of that election shall be calculated by reference to half the minimum amount (instead of by reference to the minimum amount).
- (3A) In this section “*the appropriate amount*” means the amount by reference to which the calculation of the tax reduction is to be made.
- (4) An election under this section shall be made by giving notice to the inspector in such form as the Board may determine and—
- (a) subject to subsections (5) and (7) below, shall be made before the first year of assessment for which it is to have effect, and
- (b) shall have effect for that and each succeeding year of assessment for which the individual concerned is entitled to relief under section 257A or 257AB, subject to its withdrawal under subsection (8) below or a subsequent election under this section.
- (5) An election may be made during the first year of assessment for which it is to have effect if that is the year of assessment in which the marriage or civil partnership takes place.
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (7) An election may be made within the first thirty days of the first year of assessment for which it is to have effect if before that year the inspector has been given written notification that it is intended to make the election.
- (8) The person or persons by whom an election was made may withdraw it by giving notice to the inspector in such form as the Board may determine; but the withdrawal shall not have effect until the year of assessment after the one in which the notice is given.
- (9) An individual shall not be entitled by virtue of an election under this section to more than one tax reduction for any year of assessment.
- (10) A tax reduction under this section is given effect at Step 6 of the calculation in section 23 of ITA 2007.
##### 257BB
- (1) Where—
- (a) an individual is entitled to a tax reduction under section 257A or 257AB, but
- (b) the amount of the tax reduction to which the individual is entitled is greater than the individual's comparable tax liability,
the individual's spouse or civil partner shall be entitled (in addition to any tax reduction to which that spouse or civil partner is entitled by virtue of an election under section 257BA) to a tax reduction equal to the unused part of the individual's MCA tax reductions.
- (1A) The individual's MCA tax reductions are the sum of—
- (a) the tax reduction to which the individual is entitled under section 257A or 257AB, and
- (b) any tax reduction to which the individual is entitled by virtue of an election under section 257BA(3).
- (1B) The unused part of the individual's MCA tax reductions is equal to—
- (a) the individual's MCA tax reductions, less
- (b) the individual's comparable tax liability.
- (2) Subsection (1) above shall not apply for a year of assessment unless the claimant’s spouse or civil partner gives notice to the inspector that it is to apply.
- (3) Where—
- (a) an individual is entitled to a tax reduction by virtue of an election under section 257BA, but
- (b) the amount of the tax reduction to which the individual is entitled is greater than the individual's comparable tax liability,
the individual's spouse or civil partner shall be entitled (in addition to any tax reduction to which that spouse or civil partner is entitled by virtue of section 257A or 257AB) to a tax reduction equal to the unused part of the individual's tax reduction.
- (3AA) The unused part of the individual's tax reduction is equal to—
- (a) the tax reduction to which the individual is entitled by virtue of the election under section 257BA, less
- (b) the individual's comparable tax liability.
- (3A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) Subsection (3) above shall not apply for a year of assessment unless the claimant’s spouse or civil partner gives notice to the inspector that it is to apply.
- (5) Any notice under subsection (2) or (4) above—
- (a) shall be given on or before the fifth anniversary of the 31st January next following the end of the year of assessment to which it relates,
- (b) shall be in such form as the Board may determine, and
- (c) shall be irrevocable.
- (5A) For the purposes of this section, the comparable tax liability of an individual is the amount of the individual's tax left after Step 6 of the calculation in section 23 of ITA 2007, making that calculation with the modifications set out in subsections (5B) and (5C).
- (5B) In making that calculation, do not deduct any tax reduction under—
- (a) section 788 (double taxation arrangements: relief by agreement), or
- (b) section 790(1) (relief for foreign tax where there are no double taxation arrangements).
- (5C) If the individual's entitlement to a tax reduction under section 257A, 257AB, 257BA or this section is extinguished under section 423(4) of ITA 2007 (gift aid: restriction of reliefs) to any extent, deduct from the amount calculated in accordance with subsections (5A) and (5B) the amount by which the tax reduction is reduced.
- (5D) For the purposes of this section a person is treated as being entitled to a tax reduction under section 788 if the person is entitled to credit against income tax under arrangements which have effect under that section.
- (5E) A tax reduction under this section is given effect at Step 6 of the calculation in section 23 of ITA 2007.
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 257B
- (1) Where—
- (a) a man is entitled to relief under section 257A, but
- (b) the amount which he is entitled to deduct from his total income by virtue of that section exceeds what is left of his total income after all other deductions have been made from it,
his wife shall be entitled to a deduction from her total income of an amount equal to the excess.
- (2) In determining for the purposes of subsection (1)(b) above the amount that is left of a person’s total income for a year of assessment after other deductions have been made from it, there shall be disregarded any deduction made—
- (a) on account of any payments of relevant loan interest which become due in that year and to which section 369 applies, or
- (b) under section 289 or
- (c) on account of any payments to which section 593(2) or 639(3) applies,or
- (d) on account of any payments to which section 54(5) of the Finance Act 1989 applies.
, or
- (e) on account of any payments to which section 32(4) of the Finance Act 1991 applies.
- (3) This section shall not apply for a year of assessment unless the claimant’s husband has given to the inspector written notice that it is to apply; and any such notice—
- (a) shall be given not later than six years after the end of the year of assessment to which it relates,
- (b) shall be in such form as the Board may determine, and
- (c) shall be irrevocable.
##### 257C
- (1) If the retail prices index for the month of September preceding a year of assessment is higher than it was for the previous September, then, unless Parliament otherwise determines, sections 256B, 257. . . , 257A and 257AB shall apply for that year as if for each amount specified in them as they applied for the previous year (whether by virtue of this section or otherwise) there were substituted an amount arrived at by increasing the amount for the previous year by the same percentage as the percentage increase in the retail prices index, and—
- (a) if in the case of an amount specified in sections 257(5) , 257A(5) and 257AB(4) the result is not a multiple of £100, rounding it up to the nearest amount which is such a multiple;
- (b) if in the case of any other amount the increase is not a multiple of £10, rounding the increase up to the nearest amount which is such a multiple.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2A) Subsection (1) above shall not require any change to be made in the amounts deductible or repayable under PAYE regulations during the period beginning with 6th April and ending with 17th May in the year of assessment.
- (3) The Treasury shall in each year of assessment make an order specifying the amounts which by virtue of subsection (1) above will be treated as specified for the following year of assessment in sections 256B, 257. . . , 257A and 257AB.
- (4) *This section shall have effect in relation to reliefs for the year* 1990-91 (*as well as for later years*);*and for that purpose it shall be assumed that sections* 257*and* 257A*applied for the year* 1989-90*as they apply, apart from this section, for the year* 1990-91.
##### 257D
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 257E
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 257F
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 261A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 266A
- (1) This section applies if—
- (a) pursuant to an employer-financed retirement benefits scheme, the employer in any year of assessment pays a sum with a view to the provision of any relevant benefits for or in respect of any employee of that employer, and
- (b) the payment is made under such an insurance or contract as is mentioned in section 266.
This section applies whether or not the accrual of the relevant benefits is dependent on any contingency.
- (2) Relief, if not otherwise allowable, shall be given to that employee under section 266 in respect of the payment to the extent, if any, to which such relief would have been allowable to him if—
- (a) the payment had been made by him, and
- (b) the insurance or contract under which the payment is made had been made with him.
- (3) For the purposes of subsection (1)(a) benefits are provided in respect of an employee if they are provided for the employee’s spouse, widow or widower, children, dependants or personal representatives.
- (4) If a sum within subsection (1) is paid with a view to the provision of benefits for or in respect of more than one employee of the employer, part of it is to be treated as paid for or in respect of each of them.
- (5) The amount treated as paid for or in respect of each employee is—
$$A×BC$where—A is the sum paid,B is the amount which would have had to be paid to secure the benefits to be provided for or in respect of the employee in question, andC is the total amount which would have had to be paid to secure the benefits to be provided for or in respect of all the employees if separate payments had been made in the case of each of them.$
- (6) This section does not apply if—
- (a) in the year of assessment in which the sum is paid the earnings from the employee’s employment are (or, if there are none, would be if there were any) earnings charged on remittance, or
- (b) the employee is not domiciled in the United Kingdom in the tax year in which the sum is paid and the conditions in subsection (7) are met.
- (7) Those conditions are—
- (a) that the employment is with a foreign employer, and
- (b) that, on a claim made by the employee, the Board are satisfied that the pension scheme corresponds to a registered pension scheme.
- (8) In subsection (6)(a) “*earnings charged on remittance*” means earnings which are taxable earnings under—
- (a) section 22 of ITEPA 2003 (chargeable overseas earnings for year when employee resident and ordinarily resident, but not domiciled, in UK), or
- (b) section 26 of that Act (foreign earnings for year when employee resident, but not ordinarily resident, in UK).
- (9) In this section—
- “*employer-financed retirement benefits scheme*”, and
- “*relevant benefits*”,
- have the same meaning as in Chapter 2 of Part 6 of ITEPA 2003 (see sections 393A and 393B of that Act).
#### Supplementary provisions.
##### 282A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 282B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Further interpretation of sections 135 to 139.
##### 289A
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##### 289B
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##### 290A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Credit-tokens.
##### 291A
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##### 291B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 299A
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##### 299B
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##### 300A
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##### 301A
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##### 303AA
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#### Conditional acquisition of shares.
##### 303A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Further interpretation of sections 135 to 139.
##### 304A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 305A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Provisions supplementary to section 138.
#### Approved profit sharing schemes.
##### 326A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 326B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 326BB
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 326C
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##### 326D
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##### 327A
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#### Relief for contributions in respect of share option gains.
##### 329AA
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##### 329AB
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##### 329A
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##### 329B
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##### 329C
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##### 331A
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##### 332A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 333A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 333B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 338B
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##### 337A
- (1) For the purposes of corporation tax, subject to any provision of the Corporation Tax Acts expressly authorising a deduction—
- (a) a company’s profits shall be computed without any deduction in respect of dividends or other distributions, and
- (b) a company’s income from any source shall be computed without any deduction in respect of charges on income.
- (2) In computing a company’s income from any source for the purposes of corporation tax—
- (a) no deduction shall be made in respect of interest except in accordance with Chapter 2 of Part 4 of the Finance Act 1996 (loan relationships); and
- (b) no deduction shall be made in respect of losses from intangible fixed assets within Schedule 29 to the Finance Act 2002 except in accordance with that Schedule.
##### 338A
- (1) This section defines what payments or other amounts are “*charges on income*” for the purposes of corporation tax.
This section has effect subject to any express exceptions in the Corporation Tax Acts.
- (2) Subject to the following provisions of this section, the following (and only the following) are charges on income—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) qualifying donations within the meaning of section 339 (qualifying donations to charity);
- (c) amounts allowed as charges on income under section 587B(2)(a)(ii) (gifts of shares etc to charity).
- (3) No payment that is deductible in computing profits or any description of profits for the purposes of corporation tax shall be treated as a charge on income.
- (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 339A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 342A
- (1) In this section—
- (a) references to the relevant event, in relation to a company in administration, are references—
- (i) to the administrator sending a notice in respect of the company under paragraph 84(1) of Schedule B1 to the Insolvency Act 1986 (company moving from administration to dissolution), or
- (ii) in the case of a company which enters administration otherwise than under that Act, to the doing of any other act for a like purpose, and
- (b) references to a company’s final year are references to the financial year in which the relevant event occurs, and references to the company’s penultimate year are references to the last financial year preceding its final year.
- (2) Subject to subsections (3) and (4)—
- (a) corporation tax shall be charged on the profits of the company arising in the administration in its final year at the rate of corporation tax fixed or proposed for the penultimate year, but
- (b) where the corporation tax charged on the company’s income included in those profits falls to be calculated or reduced in accordance with section 13, it shall be so calculated or reduced in accordance with such rate or fraction fixed or proposed for the penultimate year as is applicable under that section.
- (3) If, before the relevant event, any of the rates or fractions mentioned in subsection (2) has been fixed or proposed for the final year, that subsection shall have effect in relation to that rate or fraction as if for the references to the penultimate year there were substituted references to the final year.
- (4) If, in the case of the company’s final accounting period, the income (if any) which consists of interest received or receivable by the company under section 826 does not exceed £2,000, that income shall not be subject to corporation tax.
- (5) In subsection (4) “*the company’s final accounting period*” means the last accounting period of the company before the relevant event.
- (6) An assessment on the company’s profits for an accounting period in which the company is in administration shall not be invalid because made before the end of the accounting period.
- (7) In making an assessment after the company enters administration and before the date of the relevant event, the administrator may act on an assumption as to when that date will fall so far as it governs section 12(3).
- (8) The assumption of the wrong date shall not alter the company’s final and penultimate year and, if the right date is later—
- (a) an accounting period shall end on the date assumed and a new accounting period shall begin, and
- (b) thereafter, section 12(3) shall apply as if the company had entered administration at the beginning of that new accounting period.
- (9) Subsections (7) and (9) of section 342 apply in relation to this section as they apply in relation to that section, except that in subsection (7) of that section the reference to the completion of the winding up is to be read as a reference to the relevant event.
- (10) Where the company entered administration before its final year, paragraphs (a) and (b) of subsection (2) (but not subsection (3)) apply in relation to the company’s profits arising at any time in its penultimate year.
#### Foreign pensions.
#### P.A.Y.E.: meaning of payment.
##### 343ZA
- (1) This section applies where—
- (a) a company (“the predecessor”) ceases to carry on a trade,
- (b) another company (“*the successor*”) begins to carry on the activities of that trade as its trade or as part of its trade,
- (c) in the accounting period in which the predecessor ceases to carry on the trade the predecessor would (apart from this section) be entitled under Part 2 of the Capital Allowances Act to a balancing allowance in respect of the trade, and
- (d) the predecessor's ceasing to carry on the trade is part of a scheme or arrangement the main purpose, or one of the main purposes, of which is to entitle the predecessor to that balancing allowance.
- (2) This section also applies where—
- (a) a company (“the predecessor”) ceases to carry on part of a trade,
- (b) another company (“*the successor*”) begins to carry on the activities of that part of the trade as its trade or as part of its trade, and
- (c) the predecessor's ceasing to carry on the part of the trade mentioned in paragraph (a) is part of a scheme or arrangement the main purpose, or one of the main purposes, of which is to entitle the predecessor, on cessation of the trade, to a balancing allowance in respect of the trade under Part 2 of the Capital Allowances Act.
- (3) This section does not apply where section 343 applies.
- (4) Where this section applies, the Corporation Tax Acts have effect subject to section 343(2), but as if the words “and are subject to section 343A (company reconstructions involving business of leasing plant or machinery)” were omitted.
- (5) Where this section applies because of subsection (1), and the successor carries on the activities of the trade the predecessor ceased to carry on as part of the successor's trade, for the purposes of section 343(2) that part of the successor's trade is to be treated as a separate trade carried on by the successor.
- (6) Where this section applies because of subsection (2), for the purposes of section 343(2)—
- (a) that part of the trade which the predecessor ceased to carry on is to be treated as a separate trade carried on by the predecessor, and
- (b) where the successor carries on the activities of that part of the trade as part of its trade, that part of the successor's trade is to be treated as a separate trade carried on by the successor.
- (7) Where subsection (5) or (6) applies, such apportionment of receipts, expenses, assets and liabilities is to be made as may be just.
- (8) Section 343(10) applies to an apportionment under subsection (7) as it applies to an apportionment under section 343(9).
##### 343A
- (1) This section applies if the trade is or forms part of a business of leasing plant or machinery which the predecessor or the successor carries on on the day of cessation.
- (2) If, on the day of cessation, both the predecessor and the successor carry on the trade otherwise than in partnership, section 343(2) does not apply unless—
- (a) the principal company or companies of the predecessor immediately before the cessation are the same as the principal company or companies of the successor immediately afterwards, and
- (b) if any such principal company is a consortium principal company, the relevant fraction in relation to the predecessor immediately before the cessation is the same as the relevant fraction in relation to the successor immediately afterwards (irrespective of whether the members of each consortium are the same).
- (3) If, on the day of cessation, the predecessor or the successor carries on the trade in partnership, section 343(2) does not apply unless—
- (a) the predecessor ceases to carry on the whole of its trade, and
- (b) that trade is a business of leasing plant or machinery which the predecessor carries on in partnership on the day of cessation.
- (4) In any case where section 343(2) does not apply as a result of this section, the plant or machinery belonging to the trade shall be treated for the purposes of the Corporation Tax Acts as sold by the predecessor to the successor on the day of the cessation for an amount equal to its market value as at that day.
- (5) In this section—
- “business of leasing plant or machinery”—has the same meaning as in Part 2 of Schedule 10 to the Finance Act 2006 (sale etc of lessor companies etc) (if the business is carried on otherwise than in partnership), andhas the same meaning as in Part 3 of that Schedule (if the business is carried on in partnership),
- “*consortium principal company*” means a company which is a principal company as a result of paragraph 12 of that Schedule,
- “*market value*”, in relation to plant or machinery, is to be construed in accordance with paragraph 41(8) of that Schedule,
- “*plant or machinery*” has the same meaning as in Part 2 of the Capital Allowances Act,
- “*principal company*” is to be construed in accordance with paragraph 11 or (as the case may be) 12 of Schedule 10 to the Finance Act 2006, and
- “*relevant fraction*” has the same meaning as in paragraph 12 of that Schedule.
#### Provisions supplementary to section 138.
#### Application of lower rate to company distributions.
#### Section 209(3AA): link to shares of company or associated company
##### 347A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 347B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### No tax credit for borrower under stock lending arrangement or interim holder under repurchase agreement.
##### 349ZA
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 349A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Information relating to distributions.
##### 349B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 349C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 349D
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##### 349E
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##### 350A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 356A
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##### 356B
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##### 356C
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##### 356D
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#### Information relating to distributions.
##### 357A
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##### 357B
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##### 357C
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##### 360A
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#### Procedure for making election.
#### Returns.
##### 367A
- (1) Sections 353 and 365 have effect as if—
- (a) purchase and resale arrangements involved the making of a loan, and
- (b) alternative finance return were interest.
- (2) Section 366 has effect accordingly.
- (3) In this section—
- “*alternative finance return*” has the meaning given in sections 564I to 564L of ITA 2007, and
- “*purchase and resale arrangements*” means arrangements to which section 564C of ITA 2007 applies.
#### Interpretation of Part VI.
##### 374A
- (1) This section applies where, in the case of any loan, interest on the loan never has been relevant loan interest or the borrower never has been a qualifying borrower.
- (2) Without prejudice to subsection (3) below, in relation to a payment of interest—
- (a) as respects which either of the conditions mentioned in paragraphs (a) and (b) of section 374(1) is fulfilled, and
- (b) from which a deduction was made as mentioned in section 369(1),
section 369 shall have effect as if the payment of interest were a payment of relevant loan interest made by a qualifying borrower.
- (3) Nothing in subsection (2) above shall be taken as regards the borrower as entitling him to make any deduction or to retain any amount deducted and, accordingly, where any amount has been deducted, he shall be liable to make good that amount and an officer of the Board may make such assessments as may in his judgment be required for recovering that amount.
- (4) The Management Act shall apply to an assessment under subsection (3) above as if it were an assessment to income tax for the year of assessment in which the deduction was made . . . .
- (5) If the borrower fraudulently or negligently makes any false statement or representation in connection with the making of any deduction, he shall be liable to a penalty not exceeding the amount deducted.
##### 375A
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##### 376A
- (1) The Board shall maintain, and publish in such manner as they consider appropriate, a register for the purposes of section 376(4).
- (1A) The following are entitled to be registered—
- (a) a person who has permission under Part 4 of the Financial Services and Markets Act 2000—
- (i) to accept deposits; or
- (ii) to effect or carry out contracts of general insurance;
- (b) a 90 per cent subsidiary of a person mentioned in—
- (i) section 376(4)(e); or
- (ii) paragraph (a) above;
- (c) any other body whose activities and objects appear to the Board to qualify it for registration.
- (2) If the Board are satisfied that an applicant for registration is entitled to be registered, they may register the applicant generally or in relation to any description of loan specified in the register, with effect from such date as may be so specified; and a body which is so registered shall become a qualifying lender in accordance with the terms of its registration.
- (3) The registration of any body may be varied by the Board—
- (a) where it is general, by providing for it to be in relation to a specified description of loan, or
- (b) where it is in relation to a specified description of loan, by removing or varying the reference to that description of loan,
and where they do so, they shall give the body written notice of the variation and of the date from which it is to have effect.
- (4) If it appears to the Board at any time that a body which is registered under this section would not be entitled to be registered if it applied for registration at that time, the Board may by written notice given to the body cancel its registration with effect from such date as may be specified in the notice.
- (5) The date specified in a notice under subsection (3) or (4) above shall not be earlier than the end of the period of 30 days beginning with the date on which the notice is served.
- (6) Any body which is aggrieved by the failure of the Board to register it under this section, or by the variation or cancellation of its registration, may, by notice given to the Board before the end of the period of 30 days beginning with the date on which the body is notified of the Board’s decision, require the matter to be determined by the Special Commissioners; and the Special Commissioners shall thereupon hear and determine the matter in like manner as an appeal.
### Losses from UK property business or overseas property business
##### 379A
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##### 379B
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#### Meaning of “adjusted net income”
##### 384A
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### Losses from Schedule A business or overseas property business
##### 392A
- (1) Where a company incurs a Schedule A loss in an accounting period, the loss shall be set off for the purposes of corporation tax against the company’s total profits for that period.
- (2) To the extent that a company’s Schedule A loss cannot be set off under subsection (1), it shall, if the company continues to carry on the Schedule A business in the succeeding accounting period, be carried forward to that period and be treated for the purposes of this section as a Schedule A loss of that period.
- (3) Where a company with investment business—
- (a) ceases to carry on a Schedule A business, but
- (b) continues to be a company with investment business,
any Schedule A loss that cannot be used under the preceding provisions shall be carried forward to the succeeding accounting period and be treated for the purposes of section 75 as if it were expenses of management deductible for that period.
- (4) In this section—
- (a) a “*Schedule A loss*” means a loss incurred by a company in a Schedule A business carried on by it; and
- (b) “*company with investment business*” has the same meaning as in Part IV.
- (5) The preceding provisions of this section apply to a Schedule A business only to the extent that it is carried on—
- (a) on a commercial basis, or
- (b) in the exercise of statutory functions.
- (6) For the purposes of subsection (5)(a)—
- (a) a business or part is not carried on on a commercial basis unless it is carried on with a view to making a profit, but if it is carried on so as to afford a reasonable expectation of profit it is treated as carried on with a view to making a profit; and
- (b) if there is a change in the manner in which a business or part is carried on, it is treated as having been carried on throughout an accounting period in the way in which it was being carried on by the end of the period.
- (7) In subsection (5)(b) “*statutory functions*” means functions conferred by or under any enactment (including an enactment contained in a local or private Act).
##### 392B
- (1) Where in any accounting period a company incurs a loss in an overseas property business (whether carried on by it solely or in partnership)—
- (a) the loss shall be carried forward to the succeeding accounting period and set against any profits of the business for that period,
- (b) if there are no profits of the business for that period, or if the profits for that period are exceeded by the amount of the loss, the loss or the remainder of it shall be carried forward again and set against any profits of the business for the next succeeding accounting period,
and so on.
- (2) Subsections (5) to (7) of section 392A apply in relation to relief under subsection (1) above and an overseas property business as they apply in relation to relief under section 392A(1) to (3) and a Schedule A business.
##### 393A
- (1) Subject to section 492(3), where in any accounting period ending on or after 1st April 1991 a company carrying on a trade incurs a loss in the trade, then, subject to subsection (3) below, the company may make a claim requiring that the loss be set off for the purposes of corporation tax against profits (of whatever description)—
- (a) of that accounting period, and
- (b) if the company was then carrying on the trade and the claim so requires, of preceding accounting periods falling wholly or partly within the period specified in subsection (2) below;
and, subject to that subsection and to any relief for an earlier loss, the profits of any of those accounting periods shall then be treated as reduced by the amount of the loss, or by so much of that amount as cannot be relieved under this subsection against profits of a later accounting period.
- (2) The period referred to in paragraph (b) of subsection (1) is (subject to subsection (2A) below) the period of twelve months immediately preceding the accounting period in which the loss is incurred; but the amount of the reduction that may be made under that subsection in the profits of an accounting period falling partly before the beginning of that period shall not exceed a part of those profits proportionate to the part of the accounting period falling within that period.
- (2A) This section shall have effect in relation to any loss to which this subsection applies as if, in subsection (2) above, the words “three years” were substituted for the words “twelve months”.
- (2B) Where a company ceases to carry on a trade at any time, subsection (2A) above applies to the following—
- (a) the whole of any loss incurred in that trade by that company in an accounting period beginning twelve months or less before that time; and
- (b) the part of any loss incurred in that trade by that company in an accounting period ending, but not beginning, in that twelve months which is proportionate to the part of that accounting period falling within those twelve months.
- (2C) Where—
- (a) a loss is incurred by a company in a ring fence trade carried on by that company, and
- (b) the accounting period in which the loss is incurred is an accounting period for which an allowance under section 164 of the Capital Allowances Act (abandonment expenditure incurred before cessation of ring fence trade) is made to that company,
subsection (2A) above applies to so much of the amount of that loss not falling within subsection (2B) above as does not exceed the amount of that allowance.
- (3) Subsection (1) above shall not apply to trades falling within Case V of Schedule D; and a loss incurred in a trade in any accounting period shall not be relieved under that subsection unless—
- (a) the trade is one carried on in the exercise of functions conferred by or under any enactment (including an enactment contained in a local or private Act), or
- (b) for that accounting period the trade was being carried on on a commercial basis and with a view to the realisation of gain in the trade or in any larger undertaking of which the trade formed part;
but this subsection is without prejudice to section 397.
- (4) For the purposes of subsection (3) above—
- (a) where at any time a trade is carried on so as to afford a reasonable expectation of gain, it shall be treated as being carried on at that time with a view to the realisation of gain; and
- (b) where in an accounting period there is a change in the manner in which a trade is being carried on, it shall be treated as having throughout the accounting period been carried on in the way in which it was being carried on by the end of that period.
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (7) Subject to subsection (7A) below, where a company ceases to carry on a trade, subsection (9) of section 393 shall apply in computing for the purposes of this section a loss in the trade in an accounting period ending with the cessation, or ending at any time in the twelve months immediately preceding the cessation, as it applies in computing a loss in an accounting period for the purposes of subsection (1) of that section.
- (7A) For the purposes of this section where—
- (a) subsection (7) above has effect for computing the loss for any accounting period, and
- (b) that accounting period is one beginning before the beginning of the twelve months mentioned in that subsection,
the part of that loss that is not the part falling within subsection (2B)(b) above shall be treated as reduced (without any corresponding increase in the part of the loss that does fall within subsection (2B)(b) above) by an amount equal to so much of the aggregate of the charges on income treated as expenses by virtue of subsection (7) above as is proportionate to the part of the accounting period that does not fall within those twelve months.
- (8) Relief shall not be given by virtue of subsection (1)(b) above in respect of a loss incurred in a trade so as to interfere with any relief under section 338 in respect of payments made wholly and exclusively for the purposes of that trade.
- (9) For the purposes of this section—
- (a) the amount of a loss incurred in a trade in an accounting period shall be computed in the same way as trading income from the trade in that period would have been computed;
- (b) “*trading income*” means, in relation to any trade, the income which falls or would fall to be included in respect of the trade in the total profits of the company; and
- (c) references to a company carrying on a trade refer to the company carrying it on so as to be within the charge to corporation tax in respect of it.
- (10) A claim under subsection (1) above may only be made within the period of two years immediately following the accounting period in which the loss is incurred or within such further period as the Board may allow.
- (11) In any case where—
- (a) by virtue of section 165 of the Capital Allowances Act (abandonment expenditure within 3 years of ceasing ring fence trade) the qualifying expenditure of the company for the chargeable period related to the cessation of its ring fence trade is treated as increased by any amount, or
- (b) by virtue of section 416 of that Act (expenditure on restoration within 3 years of ceasing to trade) any expenditure is treated as qualifying expenditure incurred by the company on the last day of trading,
then, in relation to any claim under subsection (1) above to the extent that it relates to an increase falling within paragraph (a) above or to expenditure falling within paragraph (b) above, subsection (10) above shall have effect with the substitution of “five years” for “two years”.
- (12) In this section “*ring fence trade*” has the same meaning as in section 162 of the Capital Allowances Act.
##### 393B
- (1) This section applies if these conditions are met—
- (a) a company makes a claim under section 393A(1) requiring that a loss incurred in a ring fence trade be set off against profits;
- (b) section 393A(2A) applies in relation to that claim (three year set off period) by virtue of—
- (i) section 393A(2B) (loss precedes cessation of trade), or
- (ii) section 393A(2C) (loss arises in year when general decommissioning expenditure incurred); and
- (c) the loss incurred in the ring fence trade that may be set off under section 393A (“L”) exceeds the profits against which L may be set off under section 393A (“P”).
- (2) The profits of the ring fence trade of an accounting period are to be relieved under subsection (3) if that period—
- (a) falls wholly or partly before the three year set off period, and
- (b) ends on or after 17 April 2002.
- (3) Subject to any relief for an earlier loss, those profits of that accounting period shall be treated as reduced by—
- (a) the amount by which L exceeds P, or
- (b) so much of that amount as cannot be relieved under this subsection against profits of the ring fence trade of a later accounting period.
- (4) Subsection (3) is subject to subsection (5) in the case of an accounting period that falls partly (but not wholly) before the three year set off period.
- (5) The amount of the reduction of the profits of the ring fence trade that may be made under subsection (3) shall not exceed a part of those profits proportionate to the part of the accounting period that falls before the three year set off period.
- (6) Subsection (3) is subject to subsection (7) in the case of an accounting period that begins before 17 April 2002 and ends on or after that date.
- (7) The amount of the reduction of the profits of the ring fence trade that may be made under subsection (3) shall not exceed a part of those profits proportionate to the part of the accounting period that falls after 16 April 2002.
- (8) In this section—
- “*ring fence*” has the same meaning as in section 162 of the Capital Allowances Act;
- “*three year set off period*” means the period of three years that applies to the claim under section 393A(1) by virtue of section 393A(2A) and section 393A(2B) or (2C).
#### Children’s tax credit.
##### 403ZA
- (1) For the purposes of section 403 a trading loss means a loss incurred by the surrendering company in the surrender period in carrying on a trade, computed as for the purposes of section 393A(1).
- (2) That section does not apply to a trading loss which would be excluded from section 393A(1) by—
- (a) section 393A(3) (foreign trades and certain trades not carried on with a view to gain), or
- (b) section 397 (farming and market gardening: restriction on loss relief).
- (3) Where a company owned by a consortium—
- (a) has in any relevant accounting period incurred a trading loss, and
- (b) has profits (of whatever description) of that accounting period against which that loss could be set off under section 393A(1),
the amount of the loss available to a member of the consortium on a consortium claim shall be determined on the assumption that the company has made a claim under section 393A(1) requiring the loss to be so set off.
- (4) Where the company mentioned in subsection (3) is a group/consortium company, the amount of the loss available under that subsection shall be determined before any reduction is made under section 405(1) to (3).
##### 403ZB
- (1) For the purposes of section 403 excess capital allowances means capital allowances falling to be made to the surrendering company for the surrender period to the extent that they are to be given effect under section 260 of the Capital Allowances Act (special leasing: excess allowance).
- (2) In determining the amount of the allowances falling to be made for the surrender period, no account shall be taken of any allowances carried forward from an earlier period.
- (3) The amount of the company’s income of the relevant class means its amount before deduction of—
- (a) losses of any other period, or
- (b) capital allowances.
##### 403ZC
- (1) For the purposes of section 403 a non-trading deficit on its loan relationships means a deficit of the surrendering company to which section 83 of the Finance Act 1996 applies.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 403ZD
- (1) References in section 403 to charges on income, Schedule A losses and management expenses shall be construed as follows.
- (2) Charges on income means the aggregate of the amounts paid by the surrendering company in the surrender period by way of charges on income.
- (3) A Schedule A loss means a loss incurred by the surrendering company in the surrender period in a Schedule A business carried on by the company.
It does not include—
- (a) an amount treated as such a loss by section 392A(2) (losses carried forward from earlier period), or
- (b) a loss which would be excluded from section 392A by subsection (5) of that section (certain businesses not carried on with a view to gain).
- (4) Management expenses means the aggregate of the amounts deductible under section 75(1) (expenses of management of company with investment business) by the surrendering company for this period.
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) A non-trading loss on intangible fixed assets means a non-trading loss on intangible fixed assets, within the meaning of Schedule 29 to the Finance Act 2002, for the surrender period.
It does not include so much of any such loss as is attributable to an amount being carried forward under paragraph 35(3) of that Schedule (amounts carried forward from earlier periods).
##### 403ZE
- (1) For the purposes of section 403 the surrendering company’s gross profits of the surrender period means its profits for that period—
- (a) without any deduction in respect of such losses, allowances and other amounts as are mentioned in paragraph (a) or (b) of subsection (1) of that section, and
- (b) without any deduction falling to be made—
- (i) in respect of losses, allowances or other amounts of any other period (whether or not of a description within subsection (1) of that section), or
- (ii) by virtue of section 75(9) or 392A(3) (other amounts carried forward).
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 403A
- (1) The amount which, on a claim for group relief, may be set off against the total profits of the claimant company for an accounting period (“*the claim period*”), and accordingly the amount to which any consent required in respect of that claim may relate, shall not exceed whichever is the smaller of the following amounts—
- (a) the unused part of the surrenderable amount for the overlapping period; and
- (b) the unrelieved part of the claimant company’s total profits for the overlapping period.
- (2) For the purposes of any claim for group relief—
- (a) the unused part of the surrenderable amount for the overlapping period is the surrenderable amount for that period reduced by the amount of any prior surrenders attributable to the overlapping period; and
- (b) the unrelieved part of the claimant company’s total profits for the overlapping period is the amount of its total profits for that period reduced by the amount of any previously claimed group relief attributable to the overlapping period.
- (3) For the purposes of any claim for group relief—
- (a) the surrenderable amount for the overlapping period is so much of the surrenderable amount for the accounting period of the surrendering company to which the claim relates as is attributable, on an apportionment in accordance with section 403B, to the overlapping period;
- (b) the surrenderable amount for an accounting period of the surrendering company is the total amount for that accounting period of the losses and other amounts which (disregarding this section and section 403C) are available in that company’s case for set off by way of group relief; and
- (c) the amount of the claimant company’s total profits for the overlapping period is so much of its total profits for the claim period as is attributable, on an apportionment in accordance with section 403B, to the overlapping period.
- (4) In relation to any claim for group relief (“*the relevant claim*”) the amount of the prior surrenders attributable to the period which is the overlapping period in the case of the relevant claim is equal to the aggregate amount (if any) produced by—
- (a) taking the amount of every claim for group relief (whether a group claim or a consortium claim) which—
- (i) has been made before the relevant claim,
- (ii) was made in respect of the whole or any part of the amount which, in relation to the relevant claim, is the surrenderable amount for the accounting period of the surrendering company to which the claim relates, and
- (iii) has not been withdrawn;
- (b) treating the amount of group relief which (having regard to the provisions of this section) is allowable under each such claim as an amount of relief for the period which is the overlapping period in the case of that claim;
- (c) determining how much of each amount treated in accordance with paragraph (b) above as an amount of relief for a particular period is attributable, on an apportionment in accordance with section 403B, to the period (if any) which is common to both—
- (i) that period; and
- (ii) the period which is the overlapping period in the case of the relevant claim;
and
- (d) aggregating all the amounts determined under paragraph (c) above in respect of the previously made claims.
- (5) In relation to any claim for group relief (“*the relevant claim*”), the amount of previously claimed group relief attributable to the period which is the overlapping period in the case of that claim is the aggregate amount produced by—
- (a) taking the amount of every claim for group relief (whether a group claim or a consortium claim) which—
- (i) has been made before the relevant claim,
- (ii) was a claim to set off an amount by way of group relief against the claimant company’s total profits for the period which, in relation to the relevant claim, is the claim period, and
- (iii) has not been withdrawn;
- (b) treating the amount of group relief which (having regard to the provisions of this section) is allowable under each such claim as an amount of relief for the period which is the overlapping period in the case of that claim;
- (c) determining how much of each amount treated in accordance with paragraph (b) above as an amount of relief for a particular period is attributable, on an apportionment in accordance with section 403B, to the period (if any) which is common to both—
- (i) that period; and
- (ii) the period which is the overlapping period in the case of the relevant claim;
and
- (d) aggregating all the amounts determined under paragraph (c) above in respect of the previously made claims.
- (6) For the purposes of this section the amount of group relief allowable on any claim (“*the finalised claim*”) shall fall to be determined as at the time when that claim ceases to be capable of being withdrawn as if—
- (a) every claim that became incapable of being withdrawn before that time were a claim made before the finalised claim; and
- (b) every claim that remains capable of being withdrawn at that time were a claim made after the finalised claim.
- (7) Subject to subsection (6) above and without prejudice to any power to withdraw and resubmit claims, where (but for this subsection) more than one claim for group relief would be taken for the purposes of subsections (4) and (5) above to have been made at the same time, those claims shall be deemed, instead, to have been made—
- (a) in such order as the company or companies making them may, by notice to any officer of the Board, elect or, as the case may be, jointly elect; and
- (b) if there is no such election, in such order as an officer of the Board may direct.
- (8) In this section “*the overlapping period*”, in relation to a claim for group relief, means (subject to subsection (9) below and section 406(3) and (7)) the period which is common to both—
- (a) the claim period; and
- (b) the accounting period of the surrendering company to which the claim relates.
- (9) For the purposes of this section any time in the period which, in relation to any claim for group relief, is common to both the accounting periods mentioned in subsection (8) above but which is a time when the qualifying conditions were not satisfied—
- (a) shall be treated as not comprised in the period which is the overlapping period in the case of that claim; and
- (b) shall be treated instead, in relation to each of those accounting periods, as if it constituted a part of that accounting period which was not common to both periods.
- (10) For the purposes of subsection (9) above the qualifying conditions are satisfied in relation to any claim for group relief at the following times, that is to say—
- (a) if (or so far as) the claim is a group claim for the surrender of any loss or other amount other than a qualifying overseas loss, whenever the conditions in paragraphs (a) to (c) of section 402(2) are satisfied;
- (ab) if (or so far as) the claim is a group claim for the surrender of a qualifying overseas loss, whenever the condition specified in section 402(2A) is satisfied; and
- (b) if the claim is a consortium claim, whenever the conditions specified in section 402(3) for the making of that claim and the condition specified in section 402(3B) are satisfied in the case of the claimant company and the surrendering company.
- (11) For the purposes of subsection (10) above a “*qualifying overseas loss*” means a loss or other amount that is available for surrender by way of group relief in accordance with sections 403F and 403G and Schedule 18A (relief in respect of overseas losses of non-resident companies).
##### 403B
- (1) Subject to subsection (2) below, where an apportionment falls to be made under section 403A for the purpose of determining how much of an amount for any period (“*the first period*”) is attributable to any other period (“*the second period*”) which comprises the whole or a part of the first period—
- (a) the whole of that amount shall be attributed to the second period if the first and second periods begin and end at the same times; and
- (b) in any other case, the apportionment shall be made on a time basis according to how much of the first period coincides with the second period.
- (2) Where the circumstances of a particular case are such that the making on the time basis mentioned in subsection (1)(b) above of some or all of the apportionments to be made in that case would work in a manner that would be unjust or unreasonable in relation to any person, those apportionments shall be made instead (to the extent only that is necessary in order to avoid injustice and unreasonableness) in such other manner as may be just and reasonable.
##### 403C
- (1) In the case of a consortium claim the amount that may be set off against the total profits of the claimant company is limited by this section.
- (2) Where the claimant company is a member of the consortium, the amount that may be set off against the total profits of that company for the overlapping period is limited to the relevant fraction of the surrenderable amount.
That fraction is whichever is the lowest in that period of the following percentages—
- (a) the percentage of the ordinary share capital of the surrendering company that is beneficially owned by the claimant company;
- (b) the percentage to which the claimant company is beneficially entitled of any profits available for distribution to equity holders of the surrendering company; and
- (c) the percentage to which the claimant company would be beneficially entitled of any assets of the surrendering company available for distribution to its equity holders on a winding-up.
If any of those percentages have fluctuated in that period, the average percentage over the period shall be taken.
- (3) Where the surrendering company is a member of the consortium, the amount that may be set off against the total profits of the claimant company for the overlapping period is limited to the relevant fraction of the claimant company’s total profits for the overlapping period.
That fraction is whichever is the lowest in that period of the following percentages—
- (a) the percentage of the ordinary share capital of the claimant company that is beneficially owned by the surrendering company;
- (b) the percentage to which the surrendering company is beneficially entitled of any profits available for distribution to equity holders of the claimant company; and
- (c) the percentage to which the surrendering company would be beneficially entitled of any assets of the claimant company available for distribution to its equity holders on a winding-up.
If any of those percentages have fluctuated in that period, the average percentage over the period shall be taken.
- (4) In any case where the claimant or surrendering company is a subsidiary of a holding company which is owned by a consortium, for the references in subsection (2) or (3) above to the claimant or surrendering company there shall be substituted references to the holding company.
- (5) Expressions used in this section and in section 403A have the same meanings in this section as in that section.
- (6) Schedule 18 has effect for supplementing this section.
##### 403D
- (1) In determining for the purposes of this Chapter the amounts for any accounting period of the losses and other amounts available for surrender by way of group relief by a non-resident company carrying on a trade in the United Kingdom through a permanent establishment, no loss or other amount shall be treated as so available (but see also subsection (11) below) except in so far as—
- (a) it is attributable to activities of that company the income and gains from which for that period are, or (were there any) would be, brought into account in computing the company’s chargeable profits for that period for corporation tax purposes;
- (b) it is not attributable to activities of the company which are made exempt from corporation tax for that period by any double taxation arrangements; and
- (c) no part of—
- (i) the loss or other amount, or
- (ii) any amount brought into account in computing it,
corresponds to, or is represented in, any amount which, for the purposes of any foreign tax, is (in any period) deductible from or otherwise allowable against non-UK profits of the company or any other person.
- (2) In determining for the purposes of sections 403A and 403C the total profits for an accounting period of a non-resident company, there shall be disregarded—
- (a) amounts not falling to be comprised for corporation tax purposes in the chargeable profits of the company for that accounting period, and
- (b) so far as not falling within paragraph (a) above, any amounts arising from activities which are made exempt from corporation tax for that period by any double taxation arrangements.
- (3) In this section “*non-UK profits*”, in relation to any person, means amounts which—
- (a) are taken for the purposes of any foreign tax to be the amount of the profits, income or gains on which (after allowing for deductions) that person is charged with that tax, and
- (b) are not amounts corresponding to, and are not represented in, the total profits (of that or any other person) for any accounting period,
or amounts taken into account in computing such amounts.
- (4) Subsection (2) above applies for the purposes of subsection (3)(b) above as it applies for the purposes of sections 403A and 403C.
- (5) For the purposes of this section an amount shall not be taken to be an amount which for the purposes of any foreign tax is deductible from or otherwise allowable against any non-UK profits of any person by reason only that it is—
- (a) an amount of profits brought into account for the purpose of being excluded from the profits that are non-UK profits of that person by reference to that foreign tax; or
- (b) an amount brought into account in computing the amount of any profits falling to be so excluded.
- (6) So much of the law of any territory outside the United Kingdom as for the purposes of any foreign tax makes the deductibility of any amount dependent on whether or not it is deductible for tax purposes in the United Kingdom shall be disregarded for the purposes of this section.
- (7) For the purposes of this section activities of a company are made exempt from corporation tax for any period by double taxation arrangements if the effect of any such arrangements is that the income and gains (if any) arising for that period from those activities is to be disregarded in computing the company’s chargeable profits.
- (8) In this section “*double taxation arrangements*” means any arrangements having effect by virtue of section 788.
- (9) In this section “*foreign tax*” means any tax chargeable under the law of any territory outside the United Kingdom which—
- (a) is charged on income and corresponds to United Kingdom income tax; or
- (b) is charged on income or chargeable gains or both and corresponds to United Kingdom corporation tax;
but for the purposes of this section a tax shall not be treated as failing to correspond to income tax or corporation tax by reason only that it is chargeable under the law of a province, state or other part of a country, or is levied by or on behalf of a municipality or other local body.
- (10) In determining for the purposes of this section whether any activities are made exempt from corporation tax for any period by any double taxation arrangements any requirement that a claim is made before effect is given to any provision of the arrangements shall be disregarded.
- (11) Any loss or other amount that is available for surrender by way of group relief in accordance with this section is in addition to any loss or other amount that is so available in accordance with sections 403F and 403G and Schedule 18A (relief in respect of overseas losses of non-resident companies).
##### 403E
- (1) In determining, for the purposes of this Chapter, the amounts for any accounting period of the losses and other amounts available for surrender by way of group relief by any company resident in the United Kingdom (“*the resident company*”), a loss or other amount shall be treated as not so available in so far as it—
- (a) is attributable to an overseas permanent establishment of that company, and
- (b) is a loss or other amount falling within subsection (2) below.
- (2) Subject to subsection (3) below, a loss or other amount attributable to an overseas permanent establishment falls within this subsection if the whole or any part of it is, or represents, an amount which, for the purposes of foreign tax under the law of the territory where that permanent establishment is situated, is (in any period) deductible from or otherwise allowable against non-UK profits of a person other than the resident company.
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) The reference in subsections (1) and (2) above to a loss or other amount attributable to an overseas permanent establishment of a company is a reference to the loss or other amount (if any) that would be surrenderable by that company by way of group relief if the amount surrenderable by that company were computed—
- (a) by reference only to that permanent establishment, and
- (b) by the application in relation to that permanent establishment of principles corresponding in all material respects to those applicable for the purposes of corporation tax to the computation of the equivalent losses or other amounts in the case of the UK permanent establishment of a non-resident company.
- (5) In subsection (4)(b) above the reference to the UK permanent establishment of a non-resident company is a reference to any permanent establishment through which a company which is not resident in the United Kingdom carries on a trade in the United Kingdom.
- (6) References in this section to an overseas permanent establishment of a company are references to any permanent establishment through which that company carries on a trade in a territory outside the United Kingdom.
- (7) In this section “*foreign tax*” and “*non-UK profits*” have the same meaning as in section 403D.
- (8) Where the deductibility of any amount for the purposes of any foreign tax is dependent on whether or not that amount, or a corresponding amount, is deductible for tax purposes in the United Kingdom, this section shall have effect as if that amount were deductible for the purposes of that foreign tax if, and only if, the resident company is treated for the purposes of that tax as resident in the territory where that tax is charged.
##### 403F
- (1) This section has effect for determining for the purposes of this Chapter the extent to which a loss or other amount is available for surrender by way of group relief by a non-resident company—
- (a) which is resident in an EEA territory, or
- (b) which is not so resident but which carries on a trade in an EEA territory through a permanent establishment,
in a case where a group claim may be made as a result of the condition in section 402(2A) being satisfied.
- (2) A loss or other amount is not available for surrender by way of group relief by the non-resident company except in so far as, in relation to the EEA territory, the amount meets—
- (a) the equivalence condition,
- (b) the EEA tax loss condition,
- (c) the qualifying loss condition, and
- (d) the precedence condition.
- (3) Part 1 of Schedule 18A determines, in the case of any amount and any EEA territory, the extent to which those conditions are met.
- (4) In so far as a loss or other amount meets those conditions, Part 2 of Schedule 18A applies—
- (a) for calculating the amount of the loss or other amount (if any) that is available for surrender by way of group relief, and
- (b) otherwise for making provision in relation to the application of this Chapter to the non-resident company.
- (5) This section is subject to section 403G (unallowable overseas losses of non-resident companies).
##### 403G
- (1) This section applies in the case of a loss or other amount arising to a non-resident company—
- (a) which is resident in any EEA territory, or
- (b) which is not so resident but which carries on a trade in an EEA territory through a permanent establishment,
where the amount is not attributable for corporation tax purposes to any UK permanent establishment of the non-resident company.
- (2) The amount is not available for surrender by way of group relief by the non-resident company in so far as conditions A and B are met.
- (3) Condition A is that—
- (a) the amount would not qualify for group relief but for any relevant arrangements, or
- (b) the amount would not have arisen to the non-resident company but for any relevant arrangements.
- (4) Condition B is that the main purpose, or one of the main purposes, of the relevant arrangements was to secure that the amount would qualify for group relief.
- (5) In this section references to relevant arrangements, in relation to any amount, are to—
- (a) arrangements made on or after 20th February 2006, or
- (b) arrangements made before that date where the amount would (but for this section) first qualify for group relief on or after that date or (as the case may be) the amount arises on or after that date.
- (6) In this section—
- “*arrangements*” includes any agreement, understanding, scheme, transaction or series of transactions (whether or not legally enforceable),
- “*UK permanent establishment*”, in relation to the non-resident company, means any permanent establishment through which it carries on a trade in the United Kingdom.
##### 411ZA
- (1) This section applies if the surrendering company is prevented from obtaining a deduction in respect of an amount by section 520 of CTA 2009 (provision not at arm's length: non-deductibility of relevant return).
- (2) The amount may not be surrendered by way of group relief.
##### 411A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Elections as to transfer of relief under section 257A.
#### Further interpretation of sections 135 to 139.
#### Interpretation.
#### Relief for contributions in respect of share option gains.
#### Exemptions from section 148.
##### 431ZA
- (1) An insurance company may, in its company tax return for the first accounting period of the company beginning on or after 1 January 2008 in which any of the assets of the company's long-term insurance fund would (apart from this section) be foreign business assets, elect that none of the assets of the company's long-term insurance fund are to be regarded for the purposes of this Act as being foreign business assets.
- (2) The election has effect for that accounting period and all subsequent accounting periods of the company.
- (3) An election under subsection (1) is irrevocable.
##### 431A
- (1) The Treasury may by order amend any of the life assurance provisions of the Corporation Tax Acts where it is expedient to do so in consequence of the exercise of any power under the Financial Services and Markets Act 2000, in so far as that Act relates to insurance companies.
- (2) Where any exercise of a power under that Act has effect for a period ending on or before, or beginning before and ending after, the day on which an order containing an amendment in consequence of that exercise is made under subsection (1) above, the power conferred by that subsection includes power to provide for the amendment to have effect in relation to that period.
- (3) The Treasury may by order amend any of the following provisions—
- (a) sections 432ZA, 432A, 432B to 432G and 755A . . . ;
- (b) sections 83A, 85, 88 and 89 of the Finance Act 1989;
- (c) section 210A of the Taxation of Chargeable Gains Act 1992.
- (4) An order under subsection (3) above may only be made so as to have effect in relation to periods of account—
- (a) beginning on or after 1st January 2005, and
- (b) ending before 1st October 2006.
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) Any power conferred by this section to make an order includes power to make—
- (a) different provision for different cases or different purposes, and
- (b) incidental, supplemental, consequential or transitional provision and savings.
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 431AA
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 432A
- (1) This section has effect for determining for the purposes of any provision of the Corporation Tax Acts in relation to any period for which an insurance company carries on business what parts of—
- (a) income arising from the assets of the company’s long-term insurance fund, or
- (b) gains or losses accruing on the disposal of such assets,
are referable to any category of business.
- (1A) If the company carries on only one category of business in the period, all of the income and gains or losses referred to in subsection (1) above is referable to that category of business; but if the company carries on more than one category of business in the period, the following provisions shall apply.
- (2) The categories of business referred to in subsections (1) and (1A) above are—
- (a) basic life assurance and general annuity business,
- (b) gross roll-up business, and
- (c) PHI business.
- (3) Income arising from, and gains or losses accruing on the disposal of, assets linked to any category of business is referable to that category of business.
- (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4A) Income arising from, and gains or losses accruing on the disposal of, foreign currency assets is referable to gross roll-up business.
- (5) There is referable to any category of business . . . the relevant fraction of any income, gains or losses not directly referable to any category of business.
- (6) For the purposes of subsection (5) above “*the relevant fraction*”, in relation to basic life assurance and general annuity business, is—
$$AA+B+C$where—A is the aggregate of—(a) the mean of the opening and closing liabilities of the basic life assurance and general annuity business (but taking that mean to be nil if it would otherwise be below nil), reduced (but not below nil) by the mean of the opening and closing net values of any assets directly referable to that category of business,(b) if there has been a relevant reattribution, the mean of the opening and closing amounts of the shareholders' excess assets, and(c) the mean of the appropriate parts (that is, the parts relating to that category) of the opening and closing amounts of the free assets amounts;B is the aggregate of—(a) the mean of the opening and closing liabilities of the gross roll-up business (but taking that mean to be nil if it would otherwise be below nil), reduced (but not below nil) by the mean of the opening and closing net values of any assets directly referable to that category of business, and(b) the mean of the appropriate parts (that is, the parts relating to that category) of the opening and closing amounts of the free assets amounts; andC is the aggregate of—(a) the mean of the opening and closing liabilities of the PHI business (but taking that mean to be nil if it would otherwise be below nil), reduced (but not below nil) by the mean of the opening and closing net values of any assets directly referable to that category of business, and(b) the mean of the appropriate parts (that is, the parts relating to that category) of the opening and closing amounts of the free assets amounts.$
- (6A) For the purposes of subsection (5) above “*the relevant fraction*”, in relation to gross roll-up business, is—
$$BA+B+C$where A, B and C have the same meaning as in subsection (6) above.$
- (6B) For the purposes of subsection (5) above “*the relevant fraction*”, in relation to PHI business, is—
$$CA+B+C$where A, B and C have the same meaning as in subsection (6) above.$
- (6C) But if the denominator found in accordance with subsection (6), (6A) or (6B) above is nil, the relevant fraction for the purposes of subsection (5) above in relation to the category of business in question is such fraction as is just and reasonable.
- (7) For the purposes of subsections (5), (6) , (6A) and (6B) above—
- (a) income, gains or losses are directly referable to a category of business if referable to that category by virtue of subsection (3) or (4A) above, . . .
- (b) assets are directly referable to a category of business if income arising from the assets is, and gains or losses accruing on the disposal of the assets are, so referable by virtue of subsection (3) or (4A) above, and
- (c) amounts are directly referable to basic life assurance and general annuity business if they fall within any of the following provisions—
- (i) sections . . . . . . 442A,
- (ii) section 85(2C) or 85A of the Finance Act 1989.
- (8) In subsection (6) above—
- (a) “*appropriate part*”, in relation to the free assets amount, means—
- (i) where none (or none but an insignificant proportion) of the liabilities of the long-term business are with-profits liabilities, the part of that amount which bears to the whole the proportion A/B where—
A is the amount of the liabilities of the category of business in question (but taking that amount to be nil if it would otherwise be below nil);
B is the whole amount of the liabilities of the long-term business; and
- (ii) in any other case the part of the free assets amount which bears to the whole the proportion C/D where—
C is the amount of the with-profits liabilities of the category of business in question;
D is the whole amount of the with-profits liabilities of the long-term business; and
- (b) the amount of the shareholders' excess assets in relation to any period of account of the company is the amount equal to SXA — L27 where—
- (i) SXA is the aggregate amount of the assets shown in its non-participating funds which are attributed to its shareholders as a result of a relevant reattribution; and
- (ii) L27 is the amount (if any) shown in line 27 of Form 19 in its periodical return for the relevant period of account.
This is subject to subsection (8ZA) below.
- (8ZA) If for the purposes of subsection (8)(a) above either B or D is nil then, in paragraph (c) of the definition of A and paragraph (b) of the definitions of B and C in subsection (6) above, “*appropriate part*”, in relation to the free assets amount, means the part of that amount which bears to the whole such proportion as is just and reasonable.
- (8A) In this section—
- “*non-participating funds*” means accounts which relate exclusively to policies or contracts under which the policy holders or annuitants are not eligible to participate in surplus;
- “*reattribution*” in relation to an insurance company which has an inherited estate, means the attribution of assets to shareholders' interests as a result of—an agreement between the company and the relevant regulator as to the amount of that estate and its attribution between shareholders and policy holders; ora decision of the company to specify and identify an amount of assets (otherwise than in connection with a transfer to the company's long-term insurance fund) as attributable only to shareholders' interests;a reattribution is “relevant” if it arises as a result of any of the following—a transfer of business under—section 49 of, or Schedule 2C to, the Insurance Companies Act 1982;an insurance business transfer scheme (within the meaning of section 431(2));a scheme of arrangement under section 425 of the Companies Act 1985;an order under section 68 of the Insurance Companies Act 1982;a waiver under section 148 of the Financial Services and Markets Act 2000;an amendment to the company's memorandum, articles of association or other instrument regulating the company.
- (8B) In subsection (8A) above—
- “*inherited estate*” has the same meaning as it has in the Insurance Prudential Sourcebook; and
- “*relevant regulator*” means the Financial Services Authority, the Treasury or the Secretary of State.
- (9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (9A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (9B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 432B
- (1) This section and sections 432C to 432G have effect where it is necessary in accordance with section 83 of the Finance Act 1989 to determine what parts of any items brought into account, within the meaning of that section, are referable to life assurance business or gross roll-up business.
- (2) Where for that purpose reference falls to be made to more than one account recognised for the purposes of that section, the provisions of sections 432C to 432G apply separately in relation to each account.
- (3) Section 432C applies where the business with which an account is concerned (“*the relevant business*”) relates exclusively to policies or contracts under which the policy holders or annuitants are not eligible to participate in surplus; and sections 432E and 432F apply where the relevant business relates wholly or partly to other policies or contracts (and section 432G applies in either case).
- (4) The following provisions of this section have effect where section 432C—
- (a) applies in relation to any account for a fund in which shareholders' excess assets are held, . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5) The part of the amount brought into account as income which is referable in accordance with section 432C to gross roll-up business is reduced by . . . the shareholders' excess income.
- (6) The part of the amount brought into account as the increase or decrease in the value of assets or as other income which is referable in accordance with section 432C to gross roll-up business is reduced or increased as follows.
- (7) The part of that amount is—
- (a) reduced by . . . the shareholders' excess gains, or
- (b) increased by . . . the shareholders' excess losses,
as the case may be.
- (8) But if, in relation to the fund in question, an election in accordance with Rule 9.10(c) of the Prudential Sourcebook (Insurers) has effect for the period of account, the following rules apply.
- (8A) In any case where there are adjusted shareholders' excess gains (“amount A”) and an adjusted increase in value of inherited estate assets (“amount B”), the part of the amount mentioned in subsection (6) (“*the relevant amount*”) is reduced by . . . the lower of amounts A and B.
- (8B) The difference between amounts A and B is carried forward to the next period of account—
- (a) as shareholders' excess gains (if amount A is the greater amount), or
- (b) as an increase in value of inherited estate assets (if amount B is the greater amount).
- (8C) In any case where there are adjusted shareholders' excess losses (“amount C”) and an adjusted decrease in value of inherited estate assets (“amount D”), the relevant amount is increased by . . . the lower of amounts C and D.
- (8D) The difference between amounts C and D is carried forward to the next period of account—
- (a) as shareholders' excess losses (if amount C is the greater amount), or
- (b) as a decrease in value of inherited estate assets (if amount D is the greater amount).
- (8E) In any other case—
- (a) the relevant amount is neither reduced nor increased, and
- (b) the adjusted shareholders' excess gains or losses, and the adjusted increase or decrease in value of inherited estate assets, are carried forward to the next period of account as shareholders' excess gains or losses and an increase or decrease in value of inherited estate assets (as the case may be).
- (8F) For the purposes of subsections (8A) to (8E), in relation to any period of account (“*the relevant period*”), the adjusted shareholders' excess gains or losses, and the adjusted increase or decrease in value of inherited estate assets, are determined as follows.
*Step 1*Find the amount of shareholders' excess gains or losses, and the amount of the increase or decrease in value of inherited estate assets, for the relevant period.
*Step 2*Find the amount (if any) of shareholders' excess gains or losses, and the amount (if any) of the increase or decrease in value of inherited estate assets, carried forward to the relevant period (without being taken into account for the purposes of step 3 or 4 in any previous period of account).
*Step 3*This step applies if, for the relevant period, there are shareholders' excess gains or an increase in value of inherited estate assets.In such a case—increase that amount by the amount of any such gains or (as the case may be) of any such increase in value so carried forward to the relevant period, orreduce that amount (but not below nil) by the amount of any shareholders' excess losses or (as the case may be) of any decrease in value of inherited estate assets so carried forward to the relevant period.The resulting amount is the adjusted shareholders' excess gains or (as the case may be) the adjusted increase in value of inherited estate assets for the relevant period.
*Step 4*This step applies if, for the relevant period, there are shareholders' excess losses or a decrease in value of inherited estate assets.In such a case—increase that amount by the amount of any such losses or (as the case may be) of any such decrease in value so carried forward to the relevant period, orreduce that amount (but not above nil) by the amount of any shareholders' excess gains or (as the case may be) of any increase in value of inherited estate assets so carried forward to the relevant period.The resulting amount is the adjusted shareholders' excess losses or (as the case may be) the adjusted decrease in value of inherited estate assets for the relevant period.8GFor the purposes of subsections (8A) to (8F), in relation to any company and any period of account,—“*decrease in value of inherited estate assets*” means so much of the amount of the decrease in value of assets brought into account in line 13 of Form 40 in the periodical return of the company for that period as relates to shareholders' excess assets;“*increase in value of inherited estate assets*” means so much of the amount of the increase in value of assets brought into account in line 13 of Form 40 in the periodical return of the company for that period as relates to shareholders' excess assets.9For the purposes of this section—. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .“*shareholders' excess gains*” means the amount by which—athe aggregate amount of investment gains and amounts chargeable under Case VI of Schedule D by virtue of section 85(2C)(c) of the Finance Act 1989 for the accounting periods comprised in the period of account exceedsbthe aggregate amount that would be found under paragraph (a) if section 432A(6) were amended in accordance with subsection (10) below;“*shareholders' excess income*” means the amount by which—athe investment income referable to basic life assurance and general annuity business in accordance with section 432A for the accounting periods comprised in the period of account exceedsbthe amount that would be so referable if section 432A(6) were amended in accordance with subsection (10) below;“*shareholders' excess losses*” means the amount by which—ainvestment losses for the accounting periods comprised in the period of account exceedsbthe amount that would be found under paragraph (a) if section 432A(6) were amended in accordance with subsection (10) below.10For the purposes of the definitions of “shareholders' excess gains”, “shareholders' excess income” and “shareholders' excess losses”, the amendments of section 432A(6) mentioned in those definitions are—ain the definition of A, in paragraph (b) the insertion after “the mean of” of “the appropriate parts of”;bin the definition of A, in paragraph (b) the insertion after “assets” of—(and for this purpose the definition of “appropriate part” in subsection (8)(a) below applies in relation to the shareholders' excess assets as it applies in relation to the free assets amount); andcthe substitution for the definitions of B and C of—B is the amount that would be given by A if A applied in relation to gross roll-up business; andC is the amount that would be given by A if A applied in relation to PHI business..11For the purposes of subsection (9)—athe amount of a company's investment gains is the greater of LG + OIG + NTC - NTD and nil where—iLG is the amount of BLAGAB chargeable gains accruing from disposals of assets of the company's long-term insurance fund in each accounting period comprised in the period of account after deducting the aggregate of BLAGAB allowable losses so accruing in the accounting period and in any accounting period to which section 8(1)(b) of the Taxation of Chargeable Gains Act 1992 (company's total profits to include chargeable gains) applies;iaOIG is the amount of offshore income gains accruing in each such accounting period and charged to corporation tax under Case VI of Schedule D by virtue of section 761(1)(b)(ii);iiNTC is the amount of non-trading credits for the period of account which arise to the company from increases in the fair value of the company's loan relationships or from related transactions; andiiiNTD is the amount of non-trading debits for the period of account which arise to the company from decreases in the fair value of the company's loan relationships or from related transactions;b“*investment income*” means the aggregate of—ithe non-trading credits for the period of account which do not arise to the company from increases in the fair value of the company's loan relationships or from related transactions;iaannuities or other annual payments in each accounting period comprised in the period of account that are chargeable under Case III of Schedule D by virtue of paragraph (b) of that Case;iiincome for each such accounting period falling with Schedule A; andiiiincome for each such accounting period falling within Case V of Schedule D; andcthe amount of a company's investment losses is the greater ofLA + NTD – OIG – NTC (where there is an amount LA in the period of account)orNTD – NTC – LG – OIG (where there is an amount LG in the period of account)and nil where—iLA is the amount of the company's BLAGAB allowable losses accruing from disposals of assets of the company's long-term insurance fund in each accounting period comprised in the period of account after deducting BLAGAB chargeable gains so accruing; andiiLG, OIG, NTC and NTD have the same meanings as they have in relation to a company's investment gains.12In subsection (11)—“*BLAGAB allowable losses*” means allowable losses referable in accordance with section 432A to the company's basic life assurance and general annuity business;“*BLAGAB chargeable gains*” means chargeable gains referable in accordance with section 432A to the company's basic life assurance and general annuity business;“*related transaction*” has the meaning given by section 84(5) of the Finance Act 1996.
##### 432C
- (1) This section specifies the extent to which the net amount is referable to life assurance business or to gross roll-up business.
- (2) In this section “*the net amount*” means the aggregate of the amounts brought into account—
- (a) as investment income,
- (b) as an increase in the value of assets, or
- (c) as other income,
less the aggregate of the amounts brought into account as a decrease in the value of assets.
- (3) To the extent that the net amount is attributable to—
- (a) assets linked to life assurance business, or
- (b) foreign currency assets,
it is referable to life assurance business.
- (4) There is also referable to life assurance business the appropriate fraction of so much of the net amount as is not attributable to linked assets or foreign currency assets.
- (5) For the purposes of subsection (4) above “the appropriate fraction” is—
$$AA+B$where—A is the mean of the opening and closing liabilities of the relevant business so far as referable to life assurance business (but taking that mean to be nil if it would otherwise be below nil), reduced (but not below nil) by the aggregate of the mean of the opening and closing net values of assets linked to the relevant business so far as so referable and foreign currency assets; andB is the mean of the opening and closing liabilities of the relevant business so far as referable to PHI business, reduced (but not below nil) by the mean of the opening and closing net values of any assets linked to PHI business.$
- (6) But if the denominator found in accordance with subsection (5) above is nil, the appropriate fraction for the purposes of subsection (4) above is such fraction as is just and reasonable.
- (7) To the extent that the net amount is attributable to—
- (a) assets linked to gross roll-up business, or
- (b) foreign currency assets,
it is referable to gross roll-up business.
- (8) There is also referable to gross roll-up business the relevant fraction of so much of the net amount as is not attributable to linked assets or foreign currency assets.
- (9) For the purposes of subsection (8) above “the relevant fraction” is—
$$CC+D$where—C is the mean of the opening and closing liabilities of the relevant business so far as referable to gross roll-up business (but taking that mean to be nil if it would otherwise be below nil), reduced (but not below nil) by the aggregate of the mean of the opening and closing net values of any assets linked to gross roll-up business and foreign currency assets; andD is the mean of the opening and closing liabilities of the relevant business so far as referable to basic life assurance and general annuity business or PHI business (but taking that mean to be nil if it would otherwise be below nil), reduced (but not below nil) by the mean of the opening and closing net values of any assets linked to either of those categories of business.$
- (10) But if the denominator found in accordance with subsection (9) above is nil, the relevant fraction for the purposes of subsection (8) above is such fraction as is just and reasonable.
- (11) For the purposes of this section, so much of the net amount—
- (a) as is brought into account as other income in an internal linked fund of the company, and
- (b) as is not attributable to assets of that fund,
is to be treated as linked to a category of business to the same extent as income attributable to an asset of the fund would, by virtue of section 432ZA, be referable to that category of business.
##### 432D
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 432E
- (1) The part of the net amount which is referable to life assurance business or to gross roll-up business is—
- (a) the amount determined in accordance with subsections (2) and (2A) below, or
- (b) if greater, the amount determined in accordance with subsection (3) below.
- (1A) In this section “*the net amount*” means the aggregate of the amounts brought into account—
- (a) as investment income,
- (b) as an increase in the value of assets, or
- (c) as other income,
less the aggregate of the amounts brought into account as a decrease in the value of assets.
- (2) For the purposes of subsection (1) above there shall be determined the amount which is such as to secure—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) . . . that
$$CS-CAS=(S-AS)×CASAS$where—S is the surplus of the relevant business;AS is so much of that surplus as is allocated to persons entitled to the benefits provided for by the policies or contracts to which the relevant business relates;CAS is so much of the surplus so allocated as is attributable to policies or contracts of life assurance business or of gross roll-up business; andCS is so much of the surplus of the relevant business as would remain if the relevant business were confined to life assurance business or to gross roll-up business.$
- (2A) In a case where an amount or amounts are taken into account under subsection (2) of section 83 of the Finance Act 1989 by virtue of subsection (2B) of that section or by virtue of section . . . 444AB, 444ABC,444AEA, 444AF(2) or 444AK(2) of this Act, the amount determined under subsection (2) above is increased by—
$$CASAS×RP$where—CAS and AS have the same meanings as in subsection (2) above; andRP is the amount or the aggregate of the amounts taken into account under subsection (2) of section 83 of the Finance Act 1989 by virtue of any of the following provisions—subsection (2B) of that section;section 444AB or 444ABC of this Act;section 444AEA of this Act;. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .subsection (2) of section 444AF of this Act (and see subsections (5) and (6) of that section);subsection (2) of section 444AK of this Act (but only for the purposes mentioned in subsection (3) of that section).$
- (3) For the purposes of subsection (1) above there shall also be determined the aggregate of—
- (a) the applicable percentage of what is left of the mean of the opening and closing liabilities of the relevant business so far as referable to the category of business concerned (but taking that mean to be nil if it would otherwise be below nil) after deducting from it the mean of the opening and closing values of any assets of the relevant business linked to that category of business and foreign currency assets, and
- (b) the part of the net amount . . . that is attributable to assets linked to that category of business and foreign currency assets.
- (4) Subject to subsection (4A) below, for the purposes of subsection (3) above “*the applicable percentage*”, in any case, is—
$$AB×100$where—A is so much of the net amount as is brought into account in respect of the relevant business less such part of it as is attributable to linked assets and foreign currency assets; andB is the mean of the opening and closing liabilities of the relevant business reduced by the mean of the opening and closing values of any assets of the relevant business which are linked assets and foreign currency assets.$
- (4A) If the mean of the opening and closing liabilities of the relevant business reduced by the opening and closing values of any assets of the relevant business which are linked assets or foreign currency assets is nil then, for the purposes of subsection (3) above, “*the applicable percentage*” is such percentage as is just and reasonable.
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Further interpretation of sections 135 to 139.
#### Interpretation.
##### 434A
- (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2) Where for any accounting period the loss arising to an insurance company from its life assurance business falls to be computed in accordance with the provisions of this Act applicable to Case I of Schedule D—
- (a) the loss resulting from the computation shall be reduced (but not below nil) by . . . —
- (i) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (ii) any relevant non-trading deficit for that period on the company’s debtor relationships; and
- (iii) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) if the whole or any part of that loss as so reduced is set off—
- (i) under section 393A, or
- (ii) under section 403(1),
any loss for that period under section 436A shall be reduced (but not below nil) by the total of the amounts set off as mentioned in sub-paragraphs (i) and (ii) above.
- (2A) The reference in subsection (2)(a)(ii) above to a relevant non-trading deficit for any period on a company’s debtor relationships is a reference to the non-trading deficit on the company’s loan relationships which would be produced by any separate computation made under paragraph 2(1) of Schedule 11 to the Finance Act 1996 for the company’s basic life assurance and general annuity business if credits and debits given in respect of the company’s creditor relationships (within the meaning of Chapter II of Part IV of that Act) were disregarded.
- (3) In the case of a company carrying on life assurance business, no relief shall be allowable —
- (a) under Chapter II (loss relief) or Chapter IV (group relief) of Part X, or
- (b) in respect of any amount representing a non-trading deficit on the company’s loan relationships that has been computed otherwise than by reference to debits and credits referable to that business,
against the policy holders’ share of the relevant profits for any accounting period.
#### Meaning of “distribution”.
##### 438A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Section 209(3AA): link to shares of company or associated company
##### 440A
- (1) Subsection (2) below applies where the assets of an insurance company include securities of a class all of which would apart from this section be regarded for the purposes of corporation tax on chargeable gains as one holding.
- (2) Where this subsection applies—
- (a) so many of the securities as are identified in the company’s records as securities by reference to the value of which there are to be determined benefits provided for under policies or contracts the effecting of all (or all but an insignificant proportion) of which constitutes the carrying on of—
- (i) basic life assurance and general annuity business, or
- (ii) gross roll-up business,
shall be treated for the purposes of corporation tax as a separate holding linked solely to that business,
- (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (d) so many of the securities as are included in the company’s long-term insurance fund but do not fall within paragraph (a) shall be treated for those purposes as a separate holding which is an asset of that fund (but not of the description mentioned in that paragraph), and
- (e) any remaining securities shall be treated for those purposes as a separate holding which is not of any of the descriptions mentioned in the preceding paragraphs.
- (3) Subsection (2) above also applies where the assets of an insurance company include securities of a class and apart from this section some of them would be regarded as a 1982 holding, and the rest as a section 104 holding, for the purposes of corporation tax on chargeable gains.
- (4) In a case within subsection (3) above—
- (a) the reference in any paragraph of subsection (2) above to a separate holding shall be construed, where necessary, as a reference to a separate 1982 holding and a separate section 104 holding, and
- (b) the questions whether such a construction is necessary in the case of any paragraph and, if it is, how many securities falling within the paragraph constitute each of the two holdings shall be determined in accordance with paragraph 12 of Schedule 6 to the Finance Act 1990 and the identification rules applying on any subsequent acquisitions and disposals.
- (5) Section 105 of the 1992 Act shall have effect where subsection (2) above applies as if securities regarded as included in different holdings by virtue of that subsection were securities of different kinds.
- (6) In this section—
- “*1982 holding*” has the same meaning as in section 109 of the 1992 Act;
- “*section 104 holding*” has the same meaning as in section 104(3) of that Act; and
- “*securities*” means shares, or securities of a company, and any other assets where they are of a nature to be dealt in without identifying the particular assets disposed or acquired.
- (7) In a case where the profits of a company’s life assurance business are charged to tax in accordance with Case I of Schedule D this section has effect with the modification specified in section 440B(4).
##### 441A
- (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 444A
- (1) . . . This section applies where an insurance business transfer scheme has effect to transfer long-term business from one person (“the transferor”) to another (“the transferee”).
- (2) Any expenses payable which (assuming the transferor had continued to carry on the business transferred after the transfer) would have fallen to be brought into account by the transferor in determining the deduction for expenses payable to be allowed under section 76 in computing profits for an accounting period following the period which ends with the day on which the transfer takes place shall, instead, be brought into account under and in accordance with that section by the transferee as expenses payable by him (and giving effect in the case of acquisition expenses, to section 86(6) to (9) of the Finance Act 1989).
- (3) Any loss which (assuming the transferor had continued to carry on the business transferred after the transfer)—
- (a) would have been available under section 436A(4) to be set off against profits of the transferor for the accounting period following that which ends with the day on which transfer takes place, . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
shall, instead, be treated as a loss of the transferee (and available to be set off against profits of gross roll-up business)if the conditions in paragraphs (a) and (b) of section 343(1) are satisfied in relation to the business transferred (construing references to an event as to the transfer).
- (3ZA) Where subsection (3) above has effect, sections 343(4), (5) and (7) to (12) and 344 apply in relation to the business in which the loss arose construing—
- (a) references to the predecessor and the successor as to (respectively) the transferor and the transferee, and
- (b) references to section 343(3) as to subsection (3) of this section,
except that nothing in section 343(8) to (10) and (12) applies in relation to the transferee.
- (3A) Any subsection (2) excess (within the meaning of section 432F(2)) which (assuming the transferor had continued to carry on the business transferred after the transfer) would have been available under section 432F(3) or (4) to reduce a subsection (3) figure (within the meaning of section 432F(1)) of the transferor in an accounting period following that which ends with the day on which transfer takes place—
- (a) shall, instead, be treated as a subsection (2) excess of the transferee, and
- (b) shall be taken into account in the first accounting period of the transferee ending after the date of the transfer (to reduce the subsection (3) figure or, as the case may be, to produce or increase a subsection (2) excess for that period),
in relation to the revenue account of the transferee dealing with or including the business transferred.
- (4) Where acquisition expenses are treated as expenses payable by the transferee by virtue of subsection (2) above, the amount deductible for the first accounting period of the transferee ending after the transfer takes place shall be calculated as if that accounting period began with the day after the transfer.
- (5) Where the transfer is of part only of the transferor’s long-term business, subsection (2), (3) or (3A) above shall apply only to such part of any amount to which it would otherwise apply as is appropriate.
- (6) Any question arising as to the operation of subsection (5) above shall be determined by the Special Commissioners who shall determine the question in the same manner as they determine appeals; but both the transferor and transferee shall be entitled to appear and be heard or to make representations in writing.
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Classes of life assurance business
##### 431B
- (1) In this Chapter “*pension business*” means so much of a company’s life assurance business as is referable to contracts entered into for the purposes of a registered pension scheme or is the reinsurance of such business.
- (2) Where a pension scheme ceases to be a registered pension scheme by virtue of the withdrawal of registration of the pension scheme under section 157 of the Finance Act 2004, any of the company’s life assurance business that was pension business when the pension scheme was a registered pension scheme is to be treated as ceasing to be pension business at the beginning of the period of account of the company in which the pension scheme so ceases to be a registered pension scheme.
- (3) Where—
- (a) immediately before 6th April 2006 an annuity contract falls within any of the descriptions of contracts specified in subsection (2) of this section as it had effect immediately before that date, but
- (b) on or after that date the contract does not fall to be regarded for the purposes of this section as having been entered into for the purposes of a registered pension scheme,
the contract is to be treated for the purposes of this section as having been entered into for such purposes.
##### 431BA
- (1) In this Chapter “*child trust fund business*” means so much of a company's life assurance business as is referable to child trust fund policies (but not including the reinsurance of such business).
- (2) In this section “*child trust fund policy*” means a policy of life insurance which is an investment under a child trust fund (within the meaning of the Child Trust Funds Act 2004).
##### 431BB
- (1) In this Chapter “*individual savings account business*” means so much of a company's life assurance business as is referable to individual savings account policies (but not including the reinsurance of such business).
- (2) In this section “*individual savings account policy*” means a policy of life insurance which is an investment of a kind specified in regulations made by virtue of section 695(1) of ITTOIA 2005.
##### 431C
- (1) In this Chapter “*life reinsurance business*” means reinsurance of life assurance business other than pension business or business of any description excluded from this section by regulations made by the Board.
- (2) Regulations under subsection (1) above may describe the excluded business by reference to any circumstances appearing to the Board to be relevant.
##### 431D
- (1) In this Chapter “*overseas life assurance business*” means so much of a company's relevant life assurance business as is with a policy holder or annuitant not residing in the United Kingdom (but not including the reinsurance of such business).
- (1A) In subsection (1) above “*relevant life assurance business*” means life assurance business other than—
- (a) pension business
- (b) individual savings account business,
- (c) child trust fund business, and
- (d) business of any description prescribed by regulations made by the Commissioners for Her Majesty's Revenue and Customs.
- (2) Regulations under subsection (1A) above may describe the excluded business by reference to any circumstances appearing to the Board to be relevant.
- (3) The Board may by regulations—
- (a) make provision as to the circumstances in which a trustee who is a policy holder or annuitant residing in the United Kingdom is to be treated for the purposes of this section as not so residing; and
- (b) provide that nothing in Chapter II of Part XIII or Chapter 9 of Part 4 of ITTOIA 2005 shall apply to a policy or contract which constitutes overseas life assurance business by virtue of any such provision as is mentioned in paragraph (a) above.
- (4) Regulations under subsection (1A) or (3) above may contain such supplementary, incidental, consequential or transitional provision as appears to the Board to be appropriate (including provision amending any enactment or any instrument made under an enactment).
##### 431E
- (1) The Board may by regulations make provision for giving effect to section 431D.
- (2) Such regulations may, in particular—
- (a) provide that, in such circumstances as may be prescribed, any prescribed issue as to whether business is or is not overseas life assurance business (or overseas life assurance business of a particular kind) shall be determined by reference to such matters (including the giving of certificates or undertakings, the giving or possession of information or the making of declarations) as may be prescribed,
- (b) require companies to obtain certificates, undertakings, information or declarations from policy holders or annuitants, or from trustees or other companies, for the purposes of the regulations,
- (c) make provision for dealing with cases where any issue such as is mentioned in paragraph (a) above is (for any reason) wrongly determined, including provision allowing for the imposition of charges to tax (with or without limits on time) on the insurance company concerned or on the policy holders or annuitants concerned,
- (d) require companies to supply information and make available books, documents and other records for inspection on behalf of the Board, and
- (e) make provision (including provision imposing penalties) for contravention of, or non-compliance with, the regulations.
- (3) The regulations may—
- (a) make different provision for different cases, and
- (b) contain such supplementary, incidental, consequential or transitional provision as appears to the Board to be appropriate.
##### 431EA
In this Chapter “*gross roll-up business*” means business of any of the following kinds—
- (a) pension business;
- (b) child trust fund business;
- (c) individual savings account business;
- (d) life reinsurance business; and
- (e) overseas life assurance business.
##### 431F
In this Chapter “*basic life assurance and general annuity business*” means life assurance business other than gross roll-up business.
### Basis of taxation etc
##### 431G
- (1) This section applies in relation to an insurance company which carries on life assurance business (whether or not it also carries on insurance business of any other kind).
- (2) Subject as follows, the profits of the life assurance business for any accounting period shall be charged to tax under the I minus E basis.
- (3) Where in the case of an insurance company for an accounting period either—
- (a) all of its life assurance business is reinsurance business and none of that business is of a type excluded from this subsection by regulations made by the Board, or
- (b) all, or substantially all, of its life assurance business is gross roll-up business,
the profits of that business for the accounting period shall be charged to tax in accordance with Case I of Schedule D and not otherwise.
- (4) Where—
- (a) the profits of the life assurance business of an insurance company for any accounting period are charged to tax under the I minus E basis, and
- (b) had those profits been charged to tax in accordance with Case I of Schedule D, a loss would have arisen to the company from that business for the period,
the loss (after being reduced in accordance with section 434A(2)(a)) may be set-off under section 393A or section 403(1).
- (5) The application, in relation to the life assurance business of an insurance company, of any provision of Case I of Schedule D is not to be taken—
- (a) to prevent the application of the I minus E basis in relation to that business of the company for any accounting period, or
- (b) to affect the operation of the I minus E basis in relation to the that business of the company for any accounting period except as specifically provided by the Corporation Tax Acts.
##### 431H
- (1) This section applies in relation to an insurance company which carries on life assurance business and insurance business of any other kind.
- (2) For the purposes of the Corporation Tax Acts—
- (a) the life assurance business, and
- (b) the other insurance business,
are to be treated as separate businesses.
- (3) The profits of the other insurance business shall be charged to tax under Case I of Schedule D as the profits of a separate trade.
- (4) But subsection (3) above does not apply where that business is mutual business.
- (5) As to the profits of the life assurance business, see section 431G.
##### 432YA
- (1) This section applies in the case of—
- (a) a company which is a non-profit company, or
- (b) the non-profit fund of a company which is not a non-profit company,
if an amount (“*the relevant amount*”) is shown in paragraph 4(12) of Appendix 9.4 to the periodical return for the company for a period of account which ends on or after 31st December 2006 but before 1st January 2009 (a “relevant period of account”).
- (2) In computing profits of long-term business which is not life assurance business in accordance with the provisions applicable to Case I of Schedule D—
- (a) X shall be added to the closing long term business provision of the company for the relevant period of account; and
- (b) XA shall be brought into account as a trading receipt of the company for each subsequent period of account until the total sum of the amounts so bought into account is equal to X (and if that total sum would otherwise exceed X, the excess shall be ignored).
- (2A) In applying subsection (2)(b) above no account shall be taken of a period of account which is deemed to exist by virtue of section 444AA(4).
- (2B) X is—
- (a) where the relevant period of account ends before 1st April 2007, the whole of the relevant amount;
- (b) where the relevant period of account ends on or after 1st April 2007 but before 1st January 2008, two-thirds of the relevant amount;
- (c) where the relevant period of account ends on or after 1st January 2008, one-third of the relevant amount.
- (2C) XA is the amount found by applying the following formula—
$$Y12×Z$Here—Y is the number of months of the period of account in question (part of a month being counted as a month); andZ is—(a) where X is the whole of the relevant amount, one-third of X;(b) where X is two thirds of the relevant amount, one-half of X;(c) where X is one third of the relevant amount, the whole of X.$
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5) In this section—
- “*long term business provision*” has the same meaning as in Schedule 9A to the Companies Act 1985;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) This section is subject to sections 82E and 82F of the Finance Act 1989 (treatment of transferors and transferees under insurance business transfer schemes) and those sections shall apply in relation to this section as if any reference in them to a provision of section 82D of that Act (treatment of profits: life assurance – adjustment consequent on change in Insurance Prudential Sourcebook) were a reference to the corresponding provision of section 432YA.
##### 432ZA
- (1) In this Chapter “*linked assets*” means assets of an insurance company which are identified in its records as assets by reference to the value of which benefits provided for under a policy or contract are to be determined and in a case where only part of an asset is so identified, references to a linked asset are references to that part.
- (2) Linked assets shall be taken—
- (a) to be linked to long-term business of a particular category if the policies or contracts providing for the benefits concerned are policies or contracts the effecting of which constitutes the carrying on of business of that category; and
- (b) to be linked solely to long-term business of a particular category if all (or all but an insignificant proportion) of the policies or contracts providing for the benefits concerned are policies or contracts the effecting of which constitutes the carrying on of business of that category.
- (3) Where an asset is linked to more than one category of long-term business, a part of the asset shall be taken to be linked to each category; and references in this Chapter to assets linked (but not solely linked) to any category of business shall be construed accordingly.
- (4) Where subsection (3) above applies, the part of the asset linked to any category of business shall be a proportion determined as follows—
- (a) where in the records of the company values are shown for the asset in funds referable to particular categories of business, the proportion shall be determined by reference to those values;
- (b) in any other case the proportion shall be equal to the proportion A/B where—
A is the total of the linked liabilities of the company which are liabilities of the internal linked fund in which the asset is held and are referable to that category of business;
B is the total of the linked liabilities of the company which are liabilities of that fund.
- (5) For the purposes of sections 432A to 432E—
- (a) income arising in any period from assets linked but not solely linked to a category of business,
- (b) gains arising in any period from the disposal of such assets, and
- (c) increases and decreases in the value of such assets,
shall be treated as arising to that category of business in the proportion which is the mean of the proportions determined under subsection (4) above at the beginning and end of the period.
- (6) In this section—
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*linked liabilities*” means liabilities in respect of benefits to be determined by reference to the value of linked assets.
- (7) In the case of a policy or contract the effecting of which constitutes a class of life assurance business the fact that it also constitutes PHI business shall be disregarded for the purposes of this section unless the benefits to be provided which constitute PHI business are to be determined by reference to the value of assets.
##### 432AA
- (1) An insurance company is treated as carrying on separate Schedule A businesses, or overseas property businesses, in accordance with the following rules.
- (2) The exploitation of land held as an asset of the company’s long-term insurance fund is treated as a separate business from the exploitation of land not so held.
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) The exploitation of land held as an asset linked to any of the following categories of business is regarded as a separate business—
- (a) basic life assurance and general annuity business;
- (b) gross roll-up business; and
- (c) PHI business.
- (5) Accordingly, the exploitation of land held as an asset of the company’s long-term insurance fund otherwise than as mentioned in subsection . . . (4) is treated as a separate business from any other.
- (6) In this section “*land*” means any estate, interest or rights in or over land.
##### 432AB
- (1) This section applies to any loss arising in a Schedule A business or overseas property business.
- (2) A loss arising from any category of business mentioned in section 432A(2) shall be apportioned under that section in the same way as income.
- (3) So far as a loss is referable to basic life assurance and general annuity business, it shall be treated for the purposes of section 76 as expenses payable which fall to be brought into account at Step 3 in subsection (7) of that section.
- (4) Where a company is treated under section 432AA as carrying on—
- (a) more than one Schedule A business, or
- (b) more than one overseas property business,
then, in relation to either kind of business, the reference in subsection (3) above to a loss referable to basic life assurance and general annuity business shall be construed as a reference to any aggregate net loss after setting the losses from those businesses which are so referable against any profits from those businesses that are so referable.
- (5) The provisions of section 392A or 392B (loss relief) do not apply to a loss referable to life assurance business or any category of life assurance business.
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 432CA
- (1) This section applies where—
- (a) an insurance company is not a non-profit company in relation to a period of account (“the current period of account”),
- (b) in the case of any business with which an account of the company for the current period of account is concerned (“the relevant business”), an amount is a relevant brought into account amount for that period of account (see subsection (2)),
- (c) section 432C applies for determining the extent to which the relevant brought into account amount is referable to life assurance business or to gross roll-up business, and
- (d) the line 51 reduction condition is met (see subsection (3)).
- (2) An amount is a relevant brought into account amount for a period of account if—
- (a) it is brought into account as mentioned in subsection (2)(b) of section 83 of the Finance Act 1989 (increases in value of non-linked assets) for that period,
- (b) it is deemed to be brought into account for that period by subsection (2B) of that section in consequence of the transfer of non-linked assets, or
- (c) it is taken into account under subsection (2) of that section for that period by virtue of section 444AB as being the relevant amount in relation to non-linked assets.
- (3) The line 51 reduction condition is met if—
- (a) the amount shown in column 1 of line 51 of Form 14 of the company's periodical return in respect of the relevant business for the current period of account, is less than
- (b) the amount so shown for the period of account immediately before it;
and the amount of the difference is “the relevant reduction”.
- (4) Section 432C applies in relation to so much of the relevant brought into account amount as does not exceed the relevant reduction (“the affected amount”) as if it were brought into account as an increase in the value of assets in the case of the relevant business for the applicable appropriate period of account of the company.
- (5) A period of account is an “appropriate period of account” if it ended before the current period of account and—
- (a) the amount shown in column 1 of line 51 of Form 14 of the company's periodical return in respect of the relevant business for it, was more than
- (b) the amount so shown for the period of account immediately before it;
and the amount of the difference is “the relevant increase.”
- (6) The “applicable” appropriate period of account is the one which ended most recently (“the most recent appropriate period of account”).
- (7) But if the relevant increase in the case of the most recent appropriate period of account is less than the affected amount, the most recent appropriate period of account is the applicable appropriate period of account in relation to only so much of the affected amount as does not exceed that relevant increase.
- (8) In that case, the appropriate period of account which ended most recently before the most recent appropriate period of account is the applicable appropriate period of account in relation to so much of the remainder as does not exceed the relevant increase in the case of that appropriate period of account (and, where necessary, so on until the applicable appropriate period of account is established in relation to all of the affected amount or there are no more appropriate periods of account).
- (9) If the current period of account is not the first in relation to which this section has applied in the case of the business concerned, the amount of the relevant increase in the case of any appropriate period of account (“*the period in question*”) is to be treated as reduced by the relevant aggregate.
- (10) The “relevant aggregate” is the aggregate of so much of the affected amount for any period or periods of account earlier than the current period of account as was an amount to which section 432C applied as if it were brought into account as mentioned in subsection (4) for the period in question.
- (11) For the purposes of this section an insurance company which has elected under section 83YA(9) of the Finance Act 1989 (changes in value of assets brought into account: non-profit companies) to be treated as a non-profit company in relation to a period of account is to be regarded as a non-profit company in relation to the period of account.
##### 432CB
- (1) This section applies where, under an insurance business transfer scheme, there is a transfer of long-term business—
- (a) from a non-profit fund of an insurance company (“*the transferor*”) which is not a non-profit company in relation to the relevant period of account,
- (b) to another insurance company (“*the transferee*”) to constitute or form part of a non-profit fund of the transferee (“*the transferee's non-profit fund*”),
(“*the transfer*”) and conditions A and B are met.
- (2) Condition A is that the fair value of the assets transferred by the transfer exceeds by an amount (“the chargeable excess”) the amount of the relevant liabilities transferred by the transfer.
For this purpose “relevant” liabilities are liabilities of a type shown (or treated as shown) in any of lines 14, 17, 21 to 23 and 31 to 38 of Form 14 of a periodical return of an insurance company.
- (3) Condition B is that the main purpose, or one of the main purposes, of the transferor or the transferee (or both) in entering into any part of the transfer scheme arrangements is to secure a reduction in tax as a result of section 432C having effect in the case of the transferee, rather than the transferor, in relation to the business transferred by the transfer.
- (4) The chargeable excess is to be brought into account by the transferor as mentioned in section 83(2)(b) of the Finance Act 1989 for the relevant period of account.
- (5) Where there is no amount shown in relation to the transferee's non-profit fund in column 1 of line 51 of Form 14 of the periodical return of the transferee for the first period of account of the transferee ending on or after the transfer date (“the first post-transfer period of account”), the chargeable excess is to be brought into account by the transferee as mentioned in section 83(2) of the Finance Act 1989 as a decrease in the value of non-linked assets for the first post-transfer period of account.
- (6) Where—
- (a) there is an amount shown in relation to the transferee's non-profit fund in column 1 of line 51 of Form 14 of the periodical return of the transferee for the first post-transfer period of account, and
- (b) the amount so shown in column 1 of line 51 of Form 14 of the periodical return of the transferee for that period of account, or for any other period of account of the transferee ending after the transfer date, (an “affected period of account”) is less than the total chargeable excess amount,
the relevant amount is to be brought into account by the transferee as mentioned in section 83(2) of the Finance Act 1989 as a decrease in the value of non-linked assets for the affected period of account.
- (7) For this purpose “the relevant amount” is the amount by which—
- (a) the amount shown in relation to the transferee's non-profit fund in column 1 of line 51 of Form 14 of the periodical return of the transferee for the affected period of account, is less than
- (b) the total chargeable excess amount less any amount brought into account by the transferee as mentioned in section 83(2) of the Finance Act 1989 as a decrease in the value of non-linked assets for any earlier period of account by virtue of the operation of this section in relation to the transferee's non-profit fund.
- (8) In subsections (6) and (7) “*the total chargeable excess amount*” means the aggregate of—
- (a) the chargeable excess, and
- (b) any amount which is the chargeable excess in relation to any other transfer of business to the transferee's non-profit fund.
- (9) In this section “*the relevant period of account*” means—
- (a) the period of account of the transferor ending immediately before the transfer date, or
- (b) if no period of account of the transferor so ends, the period of account of the transferor covering the transfer date.
- (10) In this section “*the transfer scheme arrangements*” means the insurance business transfer scheme and any relevant associated operations; and for this purpose “*relevant associated operations*” means—
- (a) any other insurance business transfer scheme,
- (b) any contract of reinsurance, or
- (c) any reconstruction or amalgamation involving the transferor, a dependant of the transferor which is an insurance undertaking or the transferee,
which is effected in connection with the insurance business transfer scheme.
- (11) In subsection (10)—
- “dependant”, and
- “insurance undertaking”,
have the same meaning as in the Insurance Prudential Sourcebook.
- (12) In this section “*the transfer date*” means the date on which the insurance business transfer scheme takes effect.
- (13) For the purposes of this section an insurance company which has elected under section 83YA(9) of the Finance Act 1989 (changes in value of assets brought into account: non-profit companies) to be treated as a non-profit company in relation to a period of account is to be regarded as a non-profit company in relation to the period of account.
#### Meaning of “distribution”.
##### 432F
- (1) The provisions of this section provide for the reduction of the amount determined in accordance with section 432E(3) (“the subsection (3) figure”) for an accounting period in which that amount exceeds, or would otherwise exceed, the amount determined in accordance with section 432E(2) (“the subsection (2) figure”).
- (2) . . . There shall be determined for each accounting period the amount (if any) by which the subsection (2) figure . . . exceeds the subsection (3) figure (“the subsection (2) excess”).
- (3) Where there is a subsection (2) excess, the amount shall be carried forward and if in any subsequent accounting period the subsection (3) figure exceeds, or would otherwise exceed, the subsection (2) figure, it shall be reduced by the amount or cumulative amount of subsection (2) excesses so far as not previously used under this subsection.
- (4) Where in an accounting period that amount is greater than is required to bring the subsection (3) figure down to the subsection (2) figure, the balance shall be carried forward and aggregated with any subsequent subsection (2) excess for use in subsequent accounting periods.
##### 432G
- (1) There is referable to the life assurance business of the transferee the appropriate fraction of the amount brought into account as a business transfer-in and of any amount taken into account as profits under section 444ABD(1).
- (2) For the purposes of subsection (1) above “the appropriate fraction” is—
$$LABLTL$where—LABL is the amount of the liabilities transferred that are referable to the life assurance business (but is nil if it would otherwise be below nil); andTL is the whole of the liabilities transferred.$
- (3) But if the amount of the liabilities transferred is nil, the appropriate fraction for the purposes of subsection (1) above is such fraction as is just and reasonable.
- (4) There is referable to the gross roll-up business of the transferee the relevant fraction of the amount brought into account as a business transfer-in and of any amount taken into account as profits under section 444ABD(1).
- (5) For the purposes of subsection (4) above “the relevant fraction” is—
$$GRBLTL$where—GRBL is the amount of the liabilities transferred that are referable to the gross roll-up business (but is nil if it would otherwise be below nil); andTL has the same meaning as in subsection (2) above.$
- (6) But if the amount of the liabilities transferred is nil, the relevant fraction for the purposes of subsection (4) above is such fraction as is just and reasonable.
### Miscellaneous provisions relating to life assurance business
##### 434AZA
- (1) Where this section applies in the case of a company carrying on life assurance business, relief allowable under section 393A or Chapter 4 of Part 10 in respect of losses incurred by the company in the life assurance business in an accounting period is reduced in accordance with section 434AZB.
- (2) This section applies in the case of a company where—
- (a) there has been a relevant addition to one or more non-profit funds in a period of account ending no later than the accounting period (“the relevant period of account”) (see subsection (3)),
- (b) the company is not a non-profit company in relation to the relevant period of account and has not elected under subsection (9) of section 83YA of the Finance Act 1989 to be treated for the purposes of that section as if it were, and
- (c) condition A or B is met,
and, if the relevant period of account is not the period of account ending with the accounting period (“the current period of account”), condition C is also met.
- (3) For the purposes of subsection (2), there is a relevant addition to a non-profit fund in the relevant period of account if an amount is shown as a transfer from non-technical account in line 32 of the Form 58 of the non-profit fund in the periodical return for that period of account.
- (4) Condition A is that there is a relevant book value election in relation to assets of a non-profit fund of the company.
- (5) For the purposes of subsection (4), there is a relevant book value election in relation to assets of a non-profit fund if an amount is shown in relation to the non-profit fund as the excess of the value of net admissible assets in line 51 of the Form 14 of the non-profit fund in the periodical return for the current period of account.
- (6) Condition B is that the company is party to arrangements the main purpose, or one of the main purposes, of which is to reduce the relevant admissible value of assets of a non-profit fund of the company, other than any structural assets.
- (7) For the purposes of subsection (6) (and section 434AZB), the “*relevant admissible value*” means the value reflected in line 89 of Form 13 of the periodical return for the current period of account.
- (8) Condition C is that the surplus arising since the last valuation shown in line 34 of the Form 58 of the non-profit fund, or any of the non-profit funds, in relation to which condition A or B is met in the periodical return for the current period of account is a negative amount.
#### Chargeable payments connected with exempt distributions.
##### 434AZB
- (1) The amount of the relief allowable as mentioned in section 434AZA(1) is reduced by whichever of the following is the least—
- (a) the amount of the loss,
- (b) the amount specified in subsection (2), and
- (c) the amount specified in subsection (4).
- (2) The amount mentioned in subsection (1)(b) is—
- (a) where only condition A in section 434AZA is met, the relevant amount relating to the non-profit fund in relation to which it is met or (where it is met in relation to more than one non-profit fund) the sum of the relevant amounts relating to them,
- (b) where only condition B is met, the amount of the relevant reduction relating to the non-profit fund in relation to which it is met or (where it is met in relation to more than one non-profit fund) the sum of the relevant reductions relating to them, and
- (c) where both condition A and condition B are met, the aggregate of the amounts in paragraphs (a) and (b).
- (3) In subsection (2)—
- (a) “*relevant amount*”, in relation to a non-profit fund, means the amount shown in relation to the non-profit fund as the excess of the value of net admissible assets in line 51 of the Form 14 of the non-profit fund in the periodical return for the current period of account (as reduced by any amount which has had effect to reduce relief for losses for a previous accounting period), and
- (b) “*relevant reduction*”, in relation to a non-profit fund, means the reduction of the relevant admissible value of assets of the non-profit fund (other than structural assets) which is attributable to the arrangements (as so reduced).
- (4) The amount mentioned in subsection (1)(c) is—
- (a) if the relevant period of account is the current period of account, the amount referred to in section 434AZA(3) in the case of the non-profit fund, or of each of the non-profit funds, to which there has been a relevant addition in the relevant period of account, and
- (b) otherwise, so much of the amount shown in line 31 of the Form 58 of the non-profit fund or non-profit funds in the periodical return for the current period of account as is attributable to the amount so referred to.
##### 434AZC
- (1) For the purposes of sections 434AZA and 434AZB, a non-profit fund required to support a with-profits fund is to be treated as not being a non-profit fund.
- (2) Sections 434AZA and 434AZB apply to a non-profit part of a with-profits fund as if references to something shown in the Form 14 or Form 58 of the non-profit fund in a periodical return were to what would be so shown if there were a Form 14 or Form 58 of the non-profit part of the with-profits fund in the periodical return.
- (3) In sections 434AZA and 434AZB—
- “*arrangements*” includes any agreement, understanding, scheme, transaction or series of transactions (whether or not legally enforceable), and
- “*structural assets*” has the same meaning as in section 83XA of the Finance Act 1989 (see subsection (3) of that section and any regulations made under it).
##### 434B
- (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 434C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 434D
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 434E
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 436A
- (1) Profits arising to an insurance company from gross roll-up business—
- (a) are to be treated as income within Schedule D, and
- (b) are chargeable under Case VI of that Schedule.
- (2) For that purpose—
- (a) the gross roll-up business is to be treated separately, and
- (b) the profits from it are to be computed in accordance with the provisions of this Act applicable to Case I of Schedule D.
- (3) In making that computation, sections 82 and 82B to 83AB 83ZA of the Finance Act 1989 apply with the necessary modifications.
- (4) If in any accounting period an insurance company incurs a loss, to be computed on the same basis as the profits, arising from its gross roll-up business—
- (a) the loss must be set off against the amount of any profits chargeable under this section for any subsequent accounting period, and
- (b) accordingly, the amount of the company's profits so charged in any such accounting period is to be treated as reduced by the amount of the loss or so much of that amount as cannot be relieved under this section against profits of an earlier accounting period.
- (5) Section 396 does not apply to a loss incurred by an insurance company on its gross roll-up business.
- (6) No loss to which section 396 applies may be set off under subsection (4) above against the amount of any profits chargeable under this section.
- (7) This section does not apply in relation to an insurance company for an accounting period if the profits of its long-term business for the accounting period are charged to tax under Case I of Schedule D.
##### 436B
- (1) Gains referable to gross roll-up business are not chargeable gains.
- (2) For the purposes of this section “*gains referable to gross roll-up business*” means gains which—
- (a) accrue to an insurance company on the disposal by it of assets of its long-term insurance fund, and
- (b) are referable (in accordance with section 432A) to gross roll-up business.
##### 437A
- (1) For the purposes of section 437 an annuity is a steep-reduction annuity if—
- (a) the amount of any payment in respect of the annuity (but not the term of the annuity) depends on any contingency other than the duration of a human life or lives;
- (b) the annuitant is entitled in respect of the annuity to payments of different amounts at different times; and
- (c) those payments include a payment (“*a reduced payment*”) of an amount which is substantially smaller than the amount of at least one of the earlier payments in respect of that annuity to which the annuitant is entitled.
- (2) Where there are different intervals between payments to which an annuitant is entitled in respect of any annuity, the question whether or not the conditions in subsection (1)(b) and (c) above are satisfied in the case of that annuity shall be determined by assuming—
- (a) that the annuitant’s entitlement, after the first payment, to payments in respect of that annuity is an entitlement to payments at yearly intervals on the anniversary of the first payment; and
- (b) that the amount to which the annuitant is assumed to be entitled on each such anniversary is equal to the annuitant’s assumed entitlement for the year ending with that anniversary.
- (3) For the purposes of subsection (2) above an annuitant’s assumed entitlement for any year shall be determined as follows—
- (a) the annuitant’s entitlement to each payment in respect of the annuity shall be taken to accrue at a constant rate during the interval between the previous payment and that payment; and
- (b) his assumed entitlement for any year shall be taken to be equal to the aggregate of the amounts which, in accordance with paragraph (a) above, are treated as accruing in that year.
- (4) In the case of an annuity to which subsection (2) above applies, the reference in section 437(1CB)(a) to the making of a reduced payment shall be construed as if it were a reference to the making of a payment in respect of that annuity which (applying subsection (3)(a) above) is taken to accrue at a rate that is substantially less than the rate at which at least one of the earlier payments in respect of that annuity is taken to accrue.
- (5) Where—
- (a) any question arises for the purposes of this section whether the amount of any payment in respect of any annuity—
- (i) is substantially smaller than the amount of, or
- (ii) accrues at a rate substantially less than,
an earlier payment in respect of that annuity, and
- (b) the annuitant or, as the case may be, every annuitant is an individual who is beneficially entitled to all the rights conferred on him as such an annuitant,
that question shall be determined without regard to so much of the difference between the amounts or rates as is referable to a reduction falling to be made as a result of the occurrence of a death.
- (6) Where the amount of any one or more of the payments to which an annuitant is entitled in respect of an annuity depends on any contingency, his entitlement to payments in respect of that annuity shall be determined for the purposes of section 437(1CA) to (1CC) and this section according to whatever (applying any relevant actuarial principles) is the most likely outcome in relation to that contingency.
- (7) Where any agreement or arrangement has effect for varying the rights of an annuitant in relation to a payment in respect of any annuity, that payment shall be taken, for the purposes of section 437(1CA) to (1CC) and this section, to be a payment of the amount to which the annuitant is entitled in accordance with that agreement or arrangement.
- (8) References in this section to a contingency include references to a contingency that consists wholly or partly in the exercise by any person of any option.
##### 438B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 438C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 439A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 439B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 440B
- (1) The following provisions apply where the profits of a company’s life assurance business are charged to tax in accordance with Case I of Schedule D in accordance with section 431G(3).
- (1A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) Subsection (1) of section 440 applies as if the only categories set out in subsection (4) of that section were—
- (a) assets of the long-term insurance fund, and
- (b) other assets.
- (4) Section 440A applies as if for paragraphs (a), (d) and (e) of subsection (2) there were substituted—
- (“) so many of the securities as are included in the company's long-term insurance fund shall be treated for the purposes of corporation tax as a separate holding which is an asset of that fund, and
- (b) any remaining securities shall be treated for those purposes as a separate holding which is not of the description mentioned in the preceding paragraph.”.
- (4A) Section 440(2) does not apply if either the transferor or the company by which the asset is acquired is a company whose profits are charged to tax in accordance with Case I of Schedule D (or if they both are).
- (4B) Section 211 of the 1992 Act does not apply if the transferor is a company whose profits are charged to tax in accordance with Case I of Schedule D.
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 440C
- (1) Subsection (2) makes provision for a case where—
- (a) subsection (4) of section 431G applies in relation to the profits of the life assurance business of an insurance company for any accounting period, but
- (b) the profits of that business for a succeeding accounting period fall to be charged to tax in accordance with Case I of Schedule D by virtue of subsection (3) of that section.
- (2) The loss referred to in section 431G(4)(b) (less any loss for the same accounting period set off under section 436A for any intervening accounting period and any amount deducted for any such period in respect of the loss by virtue of section 85A(3)(b) of the Finance Act 1989) may be set off under section 393 against profits of that succeeding accounting period (without being reduced in accordance with section 434A(2)(a)).
- (3) In determining whether any loss has been set off under section 436A for any intervening accounting period, or whether any amount has been deducted for any such period in respect of the loss by virtue of section 85A(3)(b) of the Finance Act 1989, losses of earlier accounting periods are to be assumed to be set off before those of later accounting periods.
- (4) Subsection (5) makes provision for a case where—
- (a) a loss arises to an insurance company for an accounting period for which the profits of its life assurance business fall to be charged to tax in accordance with Case I of Schedule D by virtue of section 431G(3)(b),
- (b) the profits of that business for a subsequent accounting period are charged to tax under the I minus E basis, and
- (c) had those profits (instead) been charged to tax in accordance with Case I of Schedule D, any of that loss would have been available to be set off against them under section 393.
- (5) The loss is to be treated for the purposes of the operation of section 436A in relation to the subsequent accounting period as if it were a loss arising from its gross roll-up business in the accounting period in which it arose.
- (6) Subsections (7) and (8) make provision for a case where—
- (a) the profits of the life assurance business of an insurance company for an accounting period are charged to tax under the I minus E basis,
- (b) the profits of that business for its next accounting period fall to be charged to tax in accordance with Case I of Schedule D by virtue of section 431G(3), and
- (c) that prevents the giving of relief in accordance with section 86(8) of the Finance Act 1989 (acquisition expenses relieved in fractions under section 76).
- (7) Any relief which would have been so given in—
- (a) the next accounting period, or
- (b) any subsequent accounting period for which the profits of the company's life assurance business continue to be charged to tax in accordance with Case I of Schedule D,
may be given by set-off against any gains treated as accruing under section 213(1) of the 1992 Act at the end of the accounting period.
- (8) But if the profits of the company's life assurance business for a subsequent accounting period are charged to tax under the I minus E basis, any relief not previously given under subsection (7) is to be treated for the purposes of the operation of section 76 in relation to the first subsequent accounting period for which profits are so charged as if it were an amount which is to be relieved under that section by virtue of section 86(8) and (9) of the Finance Act 1989.
#### Stock dividends: distributions.
##### 440D
Schedule 19ABA (which makes modifications of this Act in relation to BLAGAB group reinsurers) shall have effect.
##### 441B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 442A
- (1) Where an insurance company reinsures any risk in respect of a policy or contract attributable to its basic life assurance and general annuity business, the investment return on the policy or contract shall be treated as accruing to the company while the risk remains reinsured by the company under the reinsurance arrangement and shall be charged to tax under Case VI of Schedule D.
- (2) The Board may make provision by regulations as to the amount of investment return to be treated as accruing in each accounting period during which the reinsurance arrangement is in force.
- (3) The regulations may, in particular, provide that the investment return to be treated as accruing to the company in respect of a policy or contract in any accounting period shall be calculated by reference to—
- (a) the aggregate of the sums paid by the company to the reinsurer during that accounting period and any earlier accounting periods by way of premium or otherwise;
- (b) the aggregate of the sums paid by the reinsurer to the company during that accounting period and any earlier accounting periods by way of commission or otherwise;
- (c) the aggregate amount of the net investment return treated as accruing to the company in any earlier accounting periods, that is to say, net of tax at such rate as may be prescribed; and
- (d) such percentage rate of return as may be prescribed.
- (3A) Where a transfer of the reinsurance arrangement from one insurance company (“*the transferor*”) to another (“*the transferee*”) is effected by novation or an insurance business transfer scheme, for the purpose of calculating the investment return to be treated as accruing to the transferee in respect of the policy or contract after the transfer, the references to the company in subsection (3)(a), (b) and (c) above include (as well as the transferee)—
- (a) the transferor, and
- (b) any insurance company from which the reinsurance arrangement was transferred on an earlier transfer effected by novation or an insurance business transfer scheme.
- (4) The regulations shall provide that the amount of investment return to be treated as accruing . . . in respect of a policy or contract in the final accounting period during which the policy or contract is in force is the amount, ascertained in accordance with regulations, by which the profit over the whole period during which the policy or contract, and the reinsurance arrangement, were in force exceeds the aggregate of the amounts treated as accruing in earlier accounting periods.
- (5) Regulations under this section—
- (a) may exclude from the operation of this section such descriptions of insurance company, such descriptions of policies or contracts and such descriptions of reinsurance arrangements as may be prescribed;
- (b) may make such supplementary provision as to the ascertainment of the investment return to be treated as accruing to the company as appears to the Board to be appropriate, including provision requiring payments made during an accounting period to be treated as made on such date or dates as may be prescribed; and
- (c) may make different provision for different cases or descriptions of case.
- (6) In this section “*prescribed*” means prescribed by regulations under this section.
##### 444AZA
- (1) This section applies where—
- (a) an insurance business transfer scheme has effect to transfer life assurance business from one person (“*the transferor*”) to another (“*the transferee*”),
- (b) assuming the transferor had continued to carry on the business transferred after the transfer, the amount of any profits would have been charged to tax in respect of that business under the I minus E basis,
- (c) the profits in respect of the business transferred for the first period of account of the transferee ending after the date on which the transfer takes effect are charged to tax in accordance with Case I of Schedule D by virtue of section 431G(3), and
- (d) the conditions in paragraphs (a) and (b) of section 343(1) are satisfied in relation to the business transferred (construing references to an event as to a transfer).
- (2) Any loss which (assuming the transferor had continued to carry on the business transferred after the transfer) would have been available to be set off against profits chargeable under section 436A (a “Case VI loss”) shall instead be treated as a loss of the transferee (a “Case I loss”) available to be set off against GRBP in relation to a period of account.
- (3) For the purposes of subsection (2) above “*GRBP*”, in relation to a period of account, is—
$P×GRBTLTL$
where—
- *P* is the amount of such profits of the transferee's life assurance business for the period of account as relate to the business transferred (that amount being determined in accordance with section 343(9) and (10), where applicable),
- *GRBTL* is the mean of the opening and closing liabilities of the transferred gross roll-up business for the period of account, and
- *TL* is the mean of the opening and closing liabilities of the transferred life assurance business for the period of account.
- (4) Where the transfer is of part only of the transferor's long-term business, subsection (2) above shall apply only to such part of any Case VI loss to which it would otherwise apply as is appropriate.
- (5) Any question arising as to the operation of subsection (4) above shall be determined by the Special Commissioners who shall determine the question in the same manner as they determine appeals; but both the transferor and the transferee shall be entitled to appear and be heard or to make representations in writing.
#### Tax credits for certain recipients of qualifying distributions.
##### 444AZB
- (1) This section applies where—
- (a) an insurance business transfer scheme has effect to transfer life assurance business from one person (“*the transferor*”) to another (“*the transferee*”),
- (b) assuming the transferor had continued to carry on the business transferred after the transfer, the amount of any profits would have been charged to tax in accordance with Case I of Schedule D by virtue of section 431G(3),
- (c) the profits in respect of the business transferred for the first period of account of the transferee ending after the date on which the transfer takes effect are charged to tax under the I minus E basis, and
- (d) the conditions in paragraphs (a) and (b) of section 343(1) are satisfied in relation to the business transferred (construing references to an event as to a transfer).
- (2) The relevant fraction of any loss which (assuming the transferor had continued to carry on the business transferred after the transfer) would have been available to be set off against profits of that business (a “Case I loss”) shall instead be treated as a loss of the transferee (a “Case VI loss”) available to be set off against the amount of such profits chargeable under section 436A for a period of account as relate to the business transferred (that amount being determined in accordance with section 343(9) and (10), where applicable).
- (3) For the purposes of subsection (2) above “*the relevant fraction*”, in relation to a period of account, is—
$GRBTLTL$
where—
- *GRBTL* is the mean of the opening and closing liabilities of the transferred gross roll-up business for the period of account, and
- *TL* is the mean of the opening and closing liabilities of the transferred life assurance business for the period of account.
- (4) Where the transfer is of part only of the transferor's long-term business, subsection (2) above shall apply only to such part of the amount of any Case I loss to which it would otherwise apply as is appropriate.
- (5) Any question arising as to the operation of subsection (4) above shall be determined by the Special Commissioners who shall determine the question in the same manner as they determine appeals; but both the transferor and the transferee shall be entitled to appear and be heard or to make representations in writing.
##### 444AA
- (1) This section applies where the whole, or substantially the whole, of the long-term business of a person (“*the transferor*”) is transferred from that person—
- (a) by one insurance business transfer scheme, or
- (b) by two or more insurance business transfer schemes which are associated.
- (2) For the purposes of subsection (1) above two or more insurance business transfer schemes are associated if they form part of an arrangement for the transfer of the whole, or substantially the whole, of the transferor's long-term business.
- (3) Where (apart from this subsection) there would not be a periodical return of the transferor covering a period ending immediately before a relevant transfer date, there is to be deemed for the purposes of corporation tax to be a periodical return of the transferor covering the period—
- (a) beginning immediately after the last period ending before the relevant transfer date which is covered by a periodical return of the transferor, and
- (b) ending immediately before the relevant transfer date,
containing such entries as would be included in an actual periodical return of the transferor covering that period (and so making that period a period of account of the transferor).
- (4) There is to be deemed for the purposes of corporation tax to be a periodical return of the transferor—
- (a) covering a relevant transfer date, and
- (b) containing such entries as would be included in an actual periodical return covering the relevant transfer date,
(and so making the relevant transfer date a period of account of the transferor).
- (5) Any actual periodical return covering a period which includes a relevant transfer date is to be ignored for the purposes of corporation tax.
- (6) Where the transferor continues to carry on long-term business after a relevant transfer date, there is to be deemed for the purposes of corporation tax to be a periodical return of the transferor covering the immediate post-RTD period containing such entries as would be included in an actual periodical return covering that period (and so making that period a period of account of the transferor).
- (7) In this section “*relevant transfer date*” means—
- (a) in relation to a case within paragraph (a) of subsection (1) above, the date that is the transfer date in relation to the insurance business transfer scheme, and
- (b) in relation to a case within paragraph (b) of that subsection—
- (i) the earliest date that is the transfer date in relation to any of the insurance business transfer schemes, other than one that is a preliminary non-EEA transfer scheme, and
- (ii) (where there are two or more insurance business transfer schemes that are not preliminary non-EEA transfer schemes) the latest date that is the transfer date in relation to any of them.
- (8) In subsection (6) above “*the immediate post-RTD period*” means the period beginning immediately after the relevant transfer date mentioned in that subsection and (subject to subsection (9) below) ending with—
- (a) the end of the period covered by the periodical return covering a period which includes a relevant transfer date (if there is one), or
- (b) (if there is not) the period covered by the accounts of the company prepared in accordance with generally accepted accounting practice which includes the relevant transfer date.
- (9) If the case is within subsection (1)(b) above and two or more of the insurance business transfer schemes are not preliminary non-EEA transfer schemes, the period ends with the latest date that is the transfer date in relation to any of them if that is before the end of the period mentioned in paragraph (a) or (b) of subsection (8) above.
- (10) In this section and sections 444AB to 444AEC “*the transfer date*”, in relation to an insurance business transfer scheme, means the date on which it takes effect.
- (11) For the purposes of this section an insurance business transfer scheme is a preliminary non-EEA transfer scheme if—
- (a) it is an insurance business transfer scheme by virtue of paragraph (b) of the definition of “insurance business transfer scheme” in section 431(2), and
- (b) the transfer date in relation to it is earlier than the transfer date in relation to an associated insurance business transfer scheme which is an insurance business transfer scheme by virtue of paragraph (a) of that definition.
##### 444AB
- (1) This section applies where, immediately after an insurance business transfer scheme has effect to transfer long-term business from one person (“*the transferor*”) to one or more others (“*the transferee*” or “*the transferees*”), the transferor—
- (a) does not carry on long-term business, but
- (b) holds assets which, immediately before the transfer, were assets of its long-term insurance fund.
- (2) The transferor shall be charged to tax under Case VI of Schedule D in respect of the taxable amount as if it had been received by the transferor during the accounting period beginning immediately after the day of the transfer.
- (3) If the transferor was charged to tax on the profits of its life assurance business under Case I of Schedule D for the accounting period ending immediately before the transfer, the taxable amount is the whole of the previously untaxed amount.
- (4) Otherwise, the taxable amount is the non-BLAGAB fraction of the previously untaxed amount.
- (5) The previously untaxed amount is the lesser of—
- (a) if there are no retained liabilities, the fair value of the retained assets or, if there are, so much of the fair value of the retained assets as exceeds the amount of the retained liabilities, and
- (b) the amount by which the fair value of the assets of the transferor’s long-term insurance fund immediately before the transfer exceeds the amount of the relevant pre-transfer liabilities.
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6A) In subsection (5) above—
- (a) “*the retained assets*” means such of the assets held by the transferor immediately after the transfer as were assets of its long-term insurance fund immediately before the transfer; and
- (b) “*the retained liabilities*” means such of the liabilities of the transferor immediately after the transfer as were included in column 1 of line 14, 17, 22, 31 or 38 of Form 14 in the periodical return of the transferor covering the period of account ending immediately before the transfer.
- (7) Subject to subsection (8) below, the amount of the relevant pre-transfer liabilities is the aggregate of the amounts shown in column 1 of lines 14 and 49 of Form 14 in the periodical return of the transferor covering the period of account ending immediately before the transfer.
- (8) If the amount of the liabilities transferred exceeds the value of the assets so transferred, as brought into account for the first period of account of the transferee (or any of the transferees) ending after the transfer, the amount of the relevant pre-transfer liabilities is the amount arrived at by deducting the excess from the aggregate of the amounts shown as mentioned in subsection (7) above.
- (9) For the purposes of subsection (4) above the non-BLAGAB fraction of the previously untaxed amount is the fraction of which—
- (a) the numerator is the amount of the liabilities transferred, apart from those which are liabilities of basic life assurance and general annuity business, and
- (b) the denominator is the amount of the liabilities transferred.
- (10) References in this section to assets held by the transferor after the transfer do not include any held on trust for the transferee or any of the transferees.
- (11) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 444ABA
- (1) For the purposes of section 444AB the relevant amount in relation to assets that are relevant non-transferred assets is—
$$FVA-RVA$where—FVA is the fair value of the assets on the transfer date, andRVA is the recognised value of the assets.$
- (2) For the purposes of this section and section 444ABB—
- (a) the recognised value of any assets which, immediately before the transfer date, are held by the transferor in a non-profit fund which is not a Form 14 line 51 fund is the relevant Form 13 value of those assets, and
- (b) the recognised value of any other assets is the appropriate fraction of the relevant Form 13 value of those assets.
- (3) For the purposes of subsection (2) above a non-profit fund is a Form 14 line 51 fund if an amount in respect of the fund is shown (or treated as shown) in line 51 of Form 14 in the periodical return of the transferor covering the relevant period of account.
- (4) For the purposes of subsection (2) above the relevant Form 13 value of any assets is the value which is shown (or treated as shown) in respect of the assets in Form 13 in the periodical return of the transferor covering the relevant period of account (ignoring lines 91 to 99 of that Form).
- (5) For the purposes of subsection (2)(b) above the appropriate fraction is—
$$1-AB$where—A is the amount shown (or treated as shown) in line 51 of Form 14 in the periodical return of the transferor covering the relevant period of account in respect of the fund in which, immediately before the transfer date, the assets are held by the transferor, increased or reduced as mentioned in subsection (6) below, andB is the amount shown (or treated as shown) in line 89 of Form 13 in that periodical return in respect of that fund.$
- (6) The increase or reduction referred to in the definition of A in subsection (5) above is any increase or decrease deemed to be brought into account by section 83YA(3) or (4) of the Finance Act 1989 in respect of the fund for the relevant period of account.
- (7) See section 444AA for the meaning of “the transfer date”, and section 444AB for the meaning of “the relevant period of account”, in this section.
##### 444ABAA
- (1) For the purposes of section 444AB the relevant amount in relation to assets that are non-profit fund transferred assets is—
$$FVA-(ABTO+TL)$where—FVA is the fair value of the assets on the transfer date,ABTO is any amount brought into account in respect of the assets as a business transfer-out and shown (or treated as shown) in line 32 of Form 40 in the periodical return of the transferor for the period of account of the transferor including the transfer date, andTL is the amount of any non-profit fund transferred liabilities which are shown (or treated as shown) in any of lines 17, 21 to 23 and 31 to 38, but not in line 61, in Form 14 in the periodical return for the period of account of the transferor ending (or treated as ending by section 444AA) immediately before the transfer date or, if there is no period of account of the transferor so ending (or treated as so ending), the amount of any liabilities which would be so shown if one did.$
- (2) In subsection (1) “*non-profit fund transferred liabilities*” means such of the liabilities of the transferor's long-term insurance fund as are transferred from the transferor to the transferee by the insurance business transfer scheme and were, immediately before their transfer, liabilities of a non-profit fund of the transferor.
- (3) See section 444AA for the meaning of “the transfer date” in this section.
#### No tax credit for borrower under stock lending arrangement or interim holder under repurchase agreement.
##### 444ABB
- (1) For the purposes of section 444AB the relevant amount in relation to assets that are retained assets is the lesser of FVA and UTA, where—
- (a) FVA is the fair value of the assets on the transfer date, and
- (b) UTA is the amount by which the fair value of the assets of the long-term insurance fund of the transferor immediately before the transfer date exceeds the amount shown (or treated as shown) in line 32 of Form 40 in the periodical return of the transferor covering the transfer date.
- (2) See section 444AA for the meaning of “the transfer date” in this section.
##### 444ABBA
- (1) This section applies where an insurance business transfer scheme has effect to transfer long-term business from one person (“*the transferor*”) to another (“*the transferee*”).
- (2) If the transferor and the transferee jointly elect, the transferee (and not the transferor) is chargeable to any amount of additional corporation tax to which the transferor would otherwise be chargeable by virtue of section 444AB(4) in relation to relevant non-transferred assets.
- (3) An election under subsection (2) above—
- (a) is to be irrevocable, and
- (b) is to be made by notice to an officer of Revenue and Customs no later than the end of the period of 90 days beginning with the day following the transfer date,
and a copy of the notice containing the election must accompany the tax return of the transferee for the first accounting period ending after the transfer. Paragraphs 54 to 60 of Schedule 18 to the Finance Act 1998 (claims and elections for corporation tax purposes) do not apply to such an election.
- (4) Where an election under subsection (2) above has been made, the transferor must inform the transferee of—
- (a) the amount of any additional corporation tax to which the transferor considers the election to apply, and
- (b) the day on which that tax is due and payable,
no later than the end of the period of 8 months beginning with the day following the transfer date.
- (5) Tax chargeable on the transferee by virtue of an election under subsection (2) above—
- (a) is due in accordance with section 59D of the Management Act on the day on which it would have been due if no election had been made, and
- (b) for the purposes of that section, is to be treated as tax payable by the transferor (and not as tax payable by the transferee).
- (6) See section 444AA for the meaning of “the transfer date” in this section.
##### 444ABC
- (1) This section applies where an insurance business transfer scheme has effect to transfer part (but not the whole or substantially the whole) of the long-term business of a person (“*the transferor*”) to another person (“*the transferee*”) and the condition in subsection (2) below is met.
- (2) That condition is that any of the assets of the transferor's long-term insurance fund which are transferred from the transferor to the transferee by the insurance business transfer scheme are not, immediately after their transfer—
- (a) if the transferee is an insurance company, assets of the transferee's long-term insurance fund, or
- (b) if the transferee is not an insurance company, assets of a with-profits fund of the transferee,
(“relevant non-transferred assets”).
- (3) The relevant amount in relation to the relevant non-transferred assets (see subsection (4) below) is to be taken into account under section 83(2) of the Finance Act 1989 as an increase in value of the assets of the long-term insurance fund of the transferor for the period of account covering the transfer date.
- (4) The relevant amount in relation to the relevant non-transferred assets is—
$$FVA-BTO$whereFVA is the fair value of the assets on the transfer date, andBTO is any amount brought into account in respect of the assets as a business transfer-out.$
- (5) See section 444AA for the meaning of “the transfer date” in this section.
##### 444ABD
- (1) Any profits representing the amount by which—
- (a) the value of the liabilities transferred by an insurance business transfer scheme, exceeds
- (b) the value of the assets transferred by the insurance business transfer scheme shown (or treated as shown) in line 32 of the periodical return of the transferor for the period of account of the transferor including the transfer date,
are to be taken into account as profits of that period of account.
- (2) See section 444AA for the meaning of “the transfer date” in this section.
##### 444AC
- (1) This section applies where an insurance business transfer scheme has effect to transfer long-term business from one person (“*the transferor*”) to another (“*the transferee*”).
- (2) If—
- (a) the transferee's line 31 amount in relation to the transfer, exceeds
- (b) the aggregate amount of the liabilities to policy holders and annuitants transferred to the transferee and of any relevant debts,
the excess is not to be regarded as a business transfer-in of the transferee for the purposes of section 83(2)(e) of the Finance Act 1989.
- (2A) Subject to subsections (2C) and (2D) below, subsection (2B) below applies if—
- (a) the aggregate amount of the liabilities to policy holders and annuitants transferred to the transferee and of any relevant debts, exceeds
- (b) the transferee's line 31 amount in relation to the transfer.
- (2B) Where this subsection applies—
- (a) the life assurance part of the excess is to be taken into account as a receipt of the transferee in computing in accordance with the provisions of this Act applicable to Case I of Schedule D the profits of its life assurance business for the period of account of the transferee in which the transfer takes place (“*the relevant period of account*”); and
- (b) the relevant proportion of the excess is to be taken into account as a receipt of the transferee in so computing the profits of its gross roll-up business for the relevant period of account;
and, for this purpose, “*the life assurance part of the excess*” means the proportion of the excess that the liabilities of the transferee's life assurance business that are transferred bear to the total liabilities transferred and “*the relevant proportion*”, in relation to the transferee's gross roll-up business, is the proportion that the liabilities of gross roll-up business that are transferred bear to the total liabilities transferred.
- (2C) Subsection (2B) above does not require the life assurance part of the excess to be taken into account as a receipt of the transferee in so computing the profits of its life assurance business for the relevant period of account if—
- (a) transferred liabilities of an aggregate amount equal to the life assurance part of the excess are not taken into account in so computing those profits for that period of account, and
- (b) the amount of the closing liabilities of that period of account is taken into account as opening liabilities in so computing those profits for the next period of account.
- (2D) Subsection (2B) above does not require the relevant proportion of the excess to be taken into account as a receipt of the transferee in so computing the profits of its gross roll-up business for the relevant period of account if—
- (a) transferred liabilities of an aggregate amount equal to the relevant proportion of the excess are not taken into account in so computing those profits for that period of account, and
- (b) the amount of the closing liabilities of that period of account is taken into account as opening liabilities in so computing those profits for the next period of account.
- (2E) In subsections (2C)(a) and (2D)(a) above “*transferred liabilities*” means—
- (a) liabilities to policy holders or annuitants at the end of the relevant period of account that were transferred to the transferee, and
- (b) payments made to discharge, during that period of account, liabilities to policy holders or annuitants that were transferred to the transferee.
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) In this section “*relevant debts*” means debts which become debts of the transferee's long-term insurance fund as a result of the transfer.
- (5) But if—
- (a) the aggregate amount of any relevant reinsurance amounts and of the fair value, as at the date of the transfer, of the assets which become assets of the transferee's long-term insurance fund as a result of the transfer, exceeds
- (b) the transferee's line 31 amount in relation to the transfer,
the amount of any relevant debts for the purposes of this section is to be reduced (but not below nil) by the excess.
- (5A) In subsection (5)(a) above “*relevant reinsurance amounts*” means—
- (a) amounts which are comprised in line 16 of Form 14 in the periodical return of the transferor covering the period ending immediately before the transfer (or would be so comprised if the transferor drew up a periodical return covering that period), or
- (b) other amounts which arise under contracts of reinsurance in relation to which the reinsurer is the transferee and which, as at the date of the transfer, have fallen due to the transferor,
and which (in either case) do not become assets of the transferee's long-term insurance fund as a result of the transfer because (and only because) they arise under contracts of reinsurance in relation to which the reinsurer is the transferee.
- (6) In determining the amount of the liabilities transferred for the purposes of this section, there is to be disregarded any reduction in the transferee's liabilities resulting from reinsurance under a contract of reinsurance which is a relevant financial reinsurance contract (within the meaning of section 82C of the Finance Act 1989).
- (7) But where—
- (a) such a reduction results from reinsurance under a contract which was entered into by the transferor as cedant before the day on which the transfer takes place, and
- (b) the transferor's rights and obligations under the contract are transferred to the transferee under the transfer,
the amount of the reduction that would (apart from this subsection) be disregarded under subsection (6) above shall be reduced (but not below nil) by the amount given by subsection (8) below or, if less, the amount given by subsection (9) below.
- (8) The amount given by this subsection is the amount by which the liabilities at the end of the closing period which fell to be taken into account in computing in accordance with the provisions of this Act applicable to Case I of Schedule D the profits of the transferor's business for that period were reduced as a result of reinsurance under the contract.
- (9) The amount given by this subsection is the amount given by paragraph (a) below reduced (but not below nil) by the amount given by paragraph (b) below—
- (a) the amount given by this paragraph is the aggregate of the relevant amounts for any accounting period, and for this purpose the relevant amount for an accounting period is the amount in sub-paragraph (i) or (ii) below or, where applicable, the aggregate of those amounts—
- (i) the amount by which the profits of the transferor's business, computed in accordance with the provisions of this Act applicable to Case I of Schedule D, were increased for that accounting period as a result of reinsurance under the contract;
- (ii) the amount by which the losses of the transferor's business, so computed, were reduced for that accounting period as a result of reinsurance under the contract; and
- (b) the amount given by this paragraph is the aggregate of the relevant amounts for any accounting period, and for this purpose the relevant amount for an accounting period is the amount in sub-paragraph (i) or (ii) below or, where applicable, the aggregate of those amounts—
- (i) the amount by which the profits of the transferor's business, so computed, were reduced for that accounting period as a result of a reduction in reinsurance under the contract;
- (ii) the amount by which the losses of the transferor's business, so computed, were increased for that accounting period as a result of a reduction in reinsurance under the contract.
- (10) In subsections (8) and (9) above—
- “*the closing period*” means the accounting period of the transferor ending with the day on which the transfer takes place;
- “the transferor's business” means—the transferor's life assurance business, andits gross roll-up business.
- (11) . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 444ACZA
- (1) This section applies where an insurance business transfer scheme has effect to transfer part (but not the whole or substantially the whole) of the long-term business of a person (“*the transferor*”) to another person (“*the transferee*”) and the condition in subsection (2) below is met.
- (2) The condition is that the transferor did not carry on life assurance business that is mutual business during the period of account of the transferor covering the transfer date.
- (3) The amount which (apart from this section) would be regarded as other income of the transferee for the purposes of section 83(2)(e) of the Finance Act 1989 for the period of account of the transferee which includes the transfer date is to be reduced by an amount equal to the transferred surplus.
- (4) In subsection (4) above “*the transferred surplus*” means such part of the amount shown (or treated as shown) in line 13 of Form 14 in the periodical return of the transferor covering the last period of account of the transferor ending before the transfer date as it is just and reasonable to regard as being attributable to the transfer.
- (5) See section 444AA for the meaning of “the transfer date” in this section.
##### 444ACA
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 444AD
- (1) This section applies where an insurance business transfer scheme has effect to transfer long-term business from one person (“*the transferor*”) to another (“*the transferee*”).
- (2) If the transferor and the transferee jointly elect, section 83(2B) of the Finance Act 1989 does not apply to the transferor by reason of the transfer as respects so much of the value of the assets to which it would otherwise so apply as does not exceed the amount specified in subsection (4) below.
- (3) An election under subsection (2) above—
- (a) is irrevocable, and
- (b) is to be made by notice to an officer of the Board no later than the end of the period of 28 days beginning with the day following that on which the transfer takes place;
and a copy of the notice containing the election must accompany the tax return of the transferee for the first accounting period ending after the transfer.
Paragraphs 54 to 60 of Schedule 18 to the Finance Act 1998 (claims and elections for corporation tax purposes) do not apply to such an election.
- (4) The amount referred to in subsection (2) above is the amount by which—
- (a) the fair value of such of the assets of the long-term insurance fund of the transferee immediately after the transfer as were assets of the transferor’s long-term insurance fund immediately before the transfer, is greater than
- (b) the transferee's line 31 amount in relation to the transfer representing the transferor’s long-term insurance fund.
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) For the purposes of this section “*insurance business transfer scheme*” includes a scheme which would be such a scheme but for section 105(1)(b) of the Financial Services and Markets Act 2000 (which requires the business transferred to be carried on in an EEA State).
##### 444AE
- (1) This section applies where an insurance business transfer scheme has effect to transfer long-term business from one person (“*the transferor*”) to another (“*the transferee*”).
- (2) If a contingent loan made to the transferor (within the meaning of subsection (1) of section 83ZA of the Finance Act 1989) is transferred to the transferee, that section has effect as if—
- (a) the contingent loan had become repayable by the transferor immediately before the transfer, and
- (b) the contingent loan were made to the transferee immediately after the transfer.
##### 444AEA
- (1) This section applies where—
- (a) as a result of the whole or any part of transfer scheme arrangements involving the transfer of long-term business from one person (“*the transferor*”) to another (“*the transferee*”) a Case I advantage is obtained by the transferor or the transferee (or by both), and
- (b) the sole or main purpose, or one of the main purposes, of the whole or any part of the transfer scheme arrangements is the obtaining of that Case I advantage.
- (2) In subsection (1) above “*transfer scheme arrangements*” means an insurance business transfer scheme (“*the relevant transfer scheme*”) together with any relevant associated operations.
- (3) If a Case I advantage is obtained by the transferor (see subsection (1) of section 444AEB), the amount of the transferor's Case I advantage (see subsection (2) of that section) is to be taken into account as an increase in value of the assets of the long-term insurance fund of the transferor for the period of account of the transferor covering the transfer date.
- (4) If a Case I advantage is obtained by the transferee (see subsection (1) of section 444AEC), the amount of the transferee's Case I advantage (see subsection (2) of that section) is to be taken into account as an increase in value of the assets of the long-term insurance fund of the transferee for the first period of account of the transferee ending after the transfer date.
- (5) In this section and sections 444AEB and 444AEC “*relevant associated operations*”, in relation to the relevant transfer scheme, means—
- (a) any other insurance business transfer scheme,
- (b) any contract of reinsurance,
- (c) any reconstruction or amalgamation involving the transferor, a dependant of the transferor which is an insurance undertaking or the transferee, or
- (d) any surplus-increasing transfer of assets,
which is effected in connection with the relevant transfer scheme.
- (6) In subsection (5) above—
- “*dependant*” and “*insurance undertaking*” have the same meaning as in the Insurance Prudential Sourcebook, and
- “*surplus-increasing transfer of assets*” means a transfer of assets of the transferor's long-term insurance fund to the transferee which is not brought into account for any period of account of the transferee but increases the amount of total surplus shown in line 39 of Form 58 in any periodical return of the transferee.
- (7) See section 444AA for the meaning of “the transfer date” in this section.
##### 444AEB
- (1) A Case I advantage is obtained by the transferor if—
- (a) Case I profits of its life assurance business for a period of account to which this section applies are less than they would be but for the transfer scheme arrangements or any part of the transfer scheme arrangements, or
- (b) Case I losses of its life assurance business for such a period of account are greater than they would be but for the transfer scheme arrangements or any part of the transfer scheme arrangements.
- (2) If a Case I advantage is obtained by the transferor, the amount of the Case I advantage is the aggregate of—
- (a) the amounts (if any) by which Case I profits for each period of account to which this section applies are less than they would be but for the transfer scheme arrangements or part, and
- (b) the amounts (if any) by which Case I losses for each such period of account are greater than they would be but for the transfer scheme arrangements or part.
- (3) This section applies to a period of account if it is—
- (a) the period of account of the transferor covering the transfer date,
- (b) any earlier period of account of the transferor, or
- (c) where any relevant associated operations are effected in any later period of account, that period of account.
- (4) In this section and section 444AEC “Case I profits” and “*Case I losses*” means profits and losses computed in accordance with the provisions of Case I of Schedule D.
- (5) See section 444AA for the meaning of “the transfer date”, and section 444AEA for the meaning of “relevant associated operations”, in this section.
##### 444AEC
- (1) A Case I advantage is obtained by the transferee if—
- (a) Case I profits of its life assurance business for a period of account to which this section applies are less than they would be but for the transfer scheme arrangements or any part of the transfer scheme arrangements, or
- (b) Case I losses of its life assurance business for such a period of account are greater than they would be but for the transfer scheme arrangements or any part of the transfer scheme arrangements.
- (2) If a Case I advantage is obtained by the transferee, the amount of the Case I advantage is—
- (a) the amount by which Case I profits for each period of account to which this section applies are less than they would be but for the transfer scheme arrangements or part, or
- (b) the amount by which Case I losses for each such period of account are greater than they would be but for the transfer scheme arrangements or part.
- (3) This section applies to a period of account if it is—
- (a) the first period of account of the transferee ending after the transfer date or after the effecting of the first of any relevant associated operations (if that occurs before the transfer date),
- (b) the second period of account of the transferee ending after the transfer date or after the effecting of the last of any relevant associated operations (if that occurs after the transfer date), or
- (c) any intervening period of account.
- (4) See section 444AA for the meaning of “the transfer date”, section 444AEA for the meaning of “relevant associated operations” and section 444AEB for the meaning of “Case I profits” and “Case I losses”, in this section.
##### 444AECA
- (1) This section applies where—
- (a) as a result of any part of transfer scheme arrangements involving the transfer of long-term business from one person (“*the transferor*”) to another (“*the transferee*”) a Case I advantage is obtained by the transferor or the transferee (or by both), and
- (b) the sole or main purpose, or one of the main purposes, of that part of the transfer scheme arrangements is the obtaining of that Case I advantage.
- (2) In subsection (1) above “*transfer scheme arrangements*” has the same meaning as in section 444AEA.
- (3) If a Case I advantage is obtained by the transferor (see subsection (1) of section 444AECB), the amount of the transferor's Case I advantage (see subsection (3) of that section) is to be taken into account as an increase in value of the assets of the long-term insurance fund of the transferor—
- (a) to the extent that the advantage is obtained by the transferor in the period of account covering the transfer date or any earlier period of account—
- (i) for the period of account of the transferor ending (or treated as ending) immediately before the transfer date, or
- (ii) where there is no such period, for the period of account of the transferor including the transfer date, and
- (b) to the extent that the advantage is obtained by the transferor in any later period of account of the transferor in which any relevant associated operations are effected, for that later period of account.
- (4) If a Case I advantage is obtained by the transferee (see subsection (1) of section 444AECC), the amount of the transferee's Case I advantage (see subsection (2) of that section) is to be taken into account as an increase in value of the assets of the long-term insurance fund of the transferee for the period of account of the transferee in which the advantage is obtained by the transferee.
- (5) See section 444AA for the meaning of “the transfer date”, and section 444AEA for the meaning of “relevant associated operations”, in this section.
##### 444AECB
- (1) A Case I advantage is obtained by the transferor if—
- (a) Case I profits of its life assurance business for a period of account to which this section applies are, or at the relevant time are expected to be, less than they would be but for any part of the transfer scheme arrangements, or
- (b) Case I losses of its life assurance business for such a period of account are, or at the relevant time are expected to be, greater than they would be but for any part of the transfer scheme arrangements.
- (2) But if any of the relevant associated operations would, by itself, cause the Case I profits to be greater or the Case I losses to be less than they would be but for that operation, the amount by which those profits would be greater or those losses would be less shall be taken into account in determining whether a Case I advantage is obtained by the transferor.
- (3) If a Case I advantage is obtained by the transferor, the amount of the Case I advantage is the aggregate of—
- (a) the amounts (if any) by which Case I profits for each period of account to which this section applies are, or at the relevant time are expected to be, less than they would be but for the relevant part of the arrangements, and
- (b) the amounts (if any) by which Case I losses for each such period of account are, or at the relevant time are expected to be, greater than they would be but for the relevant part of the arrangements.
- (4) This section applies to a period of account if it is—
- (a) the period of account of the transferor covering the transfer date,
- (b) any earlier period of account of the transferor, or
- (c) where any relevant associated operations are effected in any later period of account, that period of account.
- (5) In this section and section 444AECC “*the relevant part of the arrangements*” means, in relation to a Case I advantage, the part of the transfer scheme arrangements as a result of which the Case I advantage is obtained.
- (6) See section 444AA for the meaning of “the transfer date”, section 444AEA for the meaning of “relevant associated operations” and section 444AEB for the meaning of “Case I profits” and “Case I losses” and “the relevant time”, in this section.
##### 444AECC
- (1) A Case I advantage is obtained by the transferee if—
- (a) Case I profits of its life assurance business for a period of account to which this section applies are, or at the relevant time are expected to be, less than they would be but for any part of the transfer scheme arrangements, or
- (b) Case I losses of its life assurance business for such a period of account are, or at the relevant time are expected to be, greater than they would be but for the any part of the transfer scheme arrangements.
- (2) But if any of the relevant associated operations would, by itself, cause the Case I profits to be greater, or the Case I losses to be less, than they would be but for that operation, the amount by which those profits would be greater or those losses would be less shall be taken into account in determining whether a Case I advantage is obtained by the transferor.
- (3) If a Case I advantage is obtained by the transferee, the amount of the Case I advantage is—
- (a) the amount by which Case I profits for each period of account to which this section applies are, or at the relevant time are expected to be, less than they would be but for the relevant part of the arrangements, or
- (b) the amount by which Case I losses for each such period of account are, or at the relevant time are expected to be, greater than they would be but for the relevant part of the arrangements.
- (4) This section applies to a period of account if it is—
- (a) the first period of account of the transferee ending after the transfer date or after the effecting of the first of any relevant associated operations (if that occurs before the transfer date),
- (b) the second period of account of the transferee ending after the transfer date or after the effecting of the last of any relevant associated operations (if that occurs after the transfer date), or
- (c) any intervening period of account.
- (5) See section 444AA for the meaning of “the transfer date”, section 444AEA for the meaning of “relevant associated operations”, section 444AEB for the meaning of “Case I profits” and “Case I losses” and “the relevant time” and section 444AECB for the meaning of “the relevant part of the arrangements”, in this section.
##### 444AED
- (1) Section 444AEA does not apply in relation to the transferor or the transferee if, on an application under this section, the Commissioners for Her Majesty's Revenue and Customs (“the HMRC Commissioners”) have given a notice under subsection (2) below.
- (2) A notice under this subsection is a notice stating that the HMRC Commissioners are satisfied—
- (a) that the obtaining of a Case I advantage by the applicant is not the sole or main purpose of the whole or any part of the transfer scheme arrangements, or
- (b) that the transferor and the transferee are members of the same group of companies and that there is no advantage to the group arising from any Case I advantage obtained by the transferor or by the transferee.
- (3) For the purposes of this section there is no advantage to a group arising from any Case I advantage obtained by the transferor or by the transferee if—
- (a) as a result of transfer scheme arrangements, there is an increase in the liability to corporation tax of one or more companies which are members of the group of companies, and
- (b) the amount (or aggregate amount) of that increase is not less than the reduction in the liability to corporation tax of the transferor or the transferee (or both) arising from the obtaining of the Case I advantage.
- (4) An application under this section must be in writing and contain particulars of the transfer scheme arrangements.
- (5) The HMRC Commissioners may by notice require the applicant to provide further particulars in order to enable them to determine the application.
- (6) A requirement may be imposed under subsection (5) above within 30 days of the receipt of the application or of any further particulars required under that subsection.
- (7) If a notice under subsection (5) above is not complied with within 30 days or such longer period as the HMRC Commissioners may allow, they need not proceed further on the application.
- (8) The HMRC Commissioners must give notice of their decision on an application under this section to the applicant within 30 days of receiving the application or, if they give a notice under subsection (5) above, within 30 days of that notice being complied with.
- (9) If the HMRC Commissioners—
- (a) give notice to the applicant under subsection (8) above that they are not satisfied as mentioned in subsection (2) above, or
- (b) do not comply with subsection (8) above,
the applicant may require them to transmit the application to the Special Commissioners.
- (10) A requirement under subsection (9) above must be imposed within 30 days of the giving of the notice or the failure to comply and must be accompanied by any notice given under subsection (5) above and further particulars provided pursuant to any such notice.
- (11) Any notice given by the Special Commissioners has effect for the purposes of subsection (1) above as if it were given by the HMRC Commissioners.
- (12) If any particulars provided under this section do not fully and accurately disclose all facts and considerations material for the decision of the HMRC Commissioners or the Special Commissioners, any resulting notice that they are satisfied as mentioned in subsection (2) above is void.
- (13) For the purposes of this section two companies are members of the same group of companies if they are for the purposes of Chapter 4 of Part 10.
### Surpluses of mutual and former mutual businesses
##### 444AF
- (1) This section applies in relation to a period of account of an insurance company (“*the relevant period*”) if—
- (a) at any time in the relevant period the company carries on life assurance business that is not mutual business,
- (b) the company has an amount of undistributed demutualisation surplus for the relevant period (see subsection (7)), and
- (c) there is a reduction in the amount of the company's unappropriated surplus over the relevant period (see section 444AI).
- (2) Where this section applies in relation to the relevant period, there shall be deemed for the purposes of section 83(2) of the Finance Act 1989 to be brought into account for the relevant period as an increase in the value of the assets of the company's long-term insurance fund whichever of the following amounts is the smallest—
- (a) the amount of the reduction mentioned in subsection (1)(c) above;
- (b) the amount of the company's undistributed demutualisation surplus for the relevant period;
- (c) the amount of the company's relevant receipts reduction for the relevant period (see section 444AJ).
- (3) If the company prepares for the relevant period one or more such separate revenue accounts as are mentioned in section 83A(2)(b) of the Finance Act 1989—
- (a) subsection (2) above shall apply separately in relation to each separate revenue account which is recognised for the purposes of section 83 of that Act; and
- (b) for that purpose, any amount that falls to be determined in order to determine—
- (i) whether that subsection applies in relation to any such separate revenue account, and
- (ii) if so, the amount to be brought into account under that subsection in relation to that account,
shall be determined using only amounts or items which relate to the separate revenue account concerned.
- (4) In applying subsection (2) above in relation to a revenue account or separate revenue account which—
- (a) is recognised for the purposes of section 83 of that Act, and
- (b) is one in relation to which section 432C applies,
that subsection shall have effect as if for “smallest” there were substituted smaller and as if paragraph (c) were omitted.
- (5) This section shall have effect—
- (a) for the purposes of computing in accordance with the provisions of this Act applicable to Case I of Schedule D the profits of the company's life assurance business, and
- (b) for the purposes of so computing profits of the company chargeable under Case VI of Schedule D under section 436A (gross roll-up business).
- (6) But for the purposes mentioned in subsection (5)(b) above, this section and section 444AG have effect subject to the modification in section 444AH; and the Corporation Tax Acts have effect accordingly (so that there may, in particular, be a difference between—
- (a) the amount deemed to be brought into account by virtue of subsection (2) above for a period of account for those purposes, and
- (b) the amount so deemed to be brought into account for that period of account for the purposes mentioned in subsection (5)(a) above).
- (7) For the purposes of this section, the undistributed demutualisation surplus of an insurance company for the relevant period is—
- (a) an amount equal to (UDSP – AD + DTSI – DTSO); or
- (b) if that amount is a negative amount, nil.
For this purpose—
- UDSP is the undistributed demutualisation surplus of the company for the period of account immediately preceding the relevant period,
- AD is any amount deemed under this section to be brought into account for the period of account immediately preceding the relevant period as an increase in the value of the assets of the company's long-term insurance fund,
- DTSI is the total amount of any demutualisation transfer surpluses accruing to the company during the relevant period (see section 444AG),
- DTSO is the total amount of any demutualisation transfer surpluses accruing to any other company (or companies) during the relevant period on a transfer (or transfers) of life assurance business by the company to that other company (or companies).
##### 444AG
- (1) For the purposes of section 444AF and this section, a demutualisation transfer surplus accrues to an insurance company where—
- (a) life assurance business is transferred to the company by a person (“*the transferor*”),
- (b) after the transfer, the company carries on the transferred business otherwise than as mutual business, and
- (c) the condition in subsection (2) below is satisfied in relation to the transfer.
- (2) The condition is that—
- (a) immediately before the transfer, the transferor carried on the transferred business as mutual business, or
- (b) where paragraph (a) above does not apply, some or all of the transferred business was carried on by an insurance company as mutual business at a time on or after 1st January 1990 and before the transfer (“former mutual business”).
- (3) The demutualisation transfer surplus accrues to the company on the date of the transfer.
- (4) The amount of the demutualisation transfer surplus is given by subsection (5) or (6) below.
- (5) Where subsection (2)(a) above applies, the amount of the demutualisation transfer surplus is—
- (a) where the whole of the transferor's life assurance business was transferred to the company under the transfer, the aggregate of—
- (i) the unappropriated surplus of the transferor at the end of the period of account of the transferor ending immediately before the transfer, and
- (ii) the amount of any added surplus accruing to the company in connection with the transfer (see subsection (10));
- (b) otherwise, a just and reasonable portion of that aggregate amount, having regard to how much of the transferor's life assurance business was transferred to the company under the transfer.
- (6) Where subsection (2)(b) above applies, the amount of the demutualisation transfer surplus is—
- (a) where the whole of the transferor's life assurance business was transferred to the company under the transfer and all of the transferred business is former mutual business, the former mutual surplus of the transferor on the transfer date (see subsection (7));
- (b) otherwise, so much of that former mutual surplus as it is just and reasonable to attribute to the company, having regard in particular to—
- (i) how much of the transferor's life assurance business was transferred to the company under the transfer, and
- (ii) how much of the transferred business is former mutual business.
- (7) For the purposes of subsection (6) above, the former mutual surplus of the transferor on the transfer date is—
- (a) the amount given by subsection (8) below, or
- (b) if less, the amount given by subsection (9) below.
- (8) The amount given by this subsection is the total amount of any demutualisation transfer surpluses accruing to the transferor—
- (a) on or after 1st January 1990, and
- (b) on or before the date of the transfer.
- (9) The amount given by this subsection is the lowest amount of unappropriated surplus of the transferor at the end of any period of account ending—
- (a) on or after the date of the last occasion on which a demutualisation transfer surplus accrued to it as mentioned in subsection (8) above, and
- (b) on or before the date of the transfer.
- (10) For the purposes of this section, added surplus accrues to the company in connection with the transfer if—
- (a) an amount of assets is received by the company in connection with the transfer, no later than six months after the date of the transfer,
- (b) the amount is not brought into account by the company,
- (c) the amount is added to the unappropriated surplus of the company, and
- (d) the amount does not derive from any unappropriated surplus of the transferor;
and the amount of the added surplus is the amount referred to in paragraphs (a) to (d) above.
##### 444AH
- (1) The modification in this section has effect for the purposes mentioned in section 444AF(5)(b) only.
- (2) In relation to any demutualisation transfer surplus accruing to a company in a post-2002 period of account—
- (a) the references in section 444AG(5) to the unappropriated surplus of the transferor at the end of the period of account of the transferor ending immediately before the transfer shall be taken to be references to—
- (i) the amount of that unappropriated surplus, or
- (ii) if less, the unappropriated surplus of the transferor at the end of the period of account immediately preceding the first post-2002 period of account of the transferor; and
- (b) the references in sections 444AF and 444AG to the amount of any demutualisation transfer surplus are to have effect accordingly.
- (3) In this section “*post-2002 period of account*”, in relation to an insurance company, means a period of account of the company beginning on or after 1st January 2003 and ending on or after 9th April 2003.
##### 444AI
- (1) For the purposes of section 444AF—
- (a) there is a reduction in the amount of the company's unappropriated surplus over the relevant period if CUS is less than (OUS + TSI – TSO);
- (b) the amount of that reduction is the amount by which CUS is less than (OUS + TSI – TSO).
- (2) In this section—
- CUS is the amount of the company's unappropriated surplus at the end of the relevant period,
- OUS is the amount of the company's unappropriated surplus at the end of the period of account immediately preceding the relevant period,
- TSI is the total amount of any transfer surpluses accruing to the company during the relevant period (see subsections (3) to (7)),
- TSO is the total amount of any transfer surpluses accruing to any other company (or companies) during the relevant period on a transfer (or transfers) of life assurance business by the company to that other company (or companies).
- (3) For the purposes of this section, a transfer surplus accrues to an insurance company where life assurance business is transferred to the company by a person (“*the transferor*”).
- (4) The transfer surplus accrues to the company on the date of the transfer.
- (5) The amount of the transfer surplus is equal to so much of the unappropriated surplus of the transferor at the end of the period of account of the transferor ending immediately before the transfer as is transferred to the company under the transfer.
- (6) But if, immediately before the transfer, the transferor carried on the transferred business as mutual business, the amount of the transfer surplus is the aggregate of—
- (a) the amount given by subsection (5) above, and
- (b) the amount of any added surplus accruing to the company in connection with the transfer.
- (7) Subsection (10) of section 444AG applies for the purposes of subsection (6) above as it applies for the purposes of that section.
##### 444AJ
- (1) For the purposes of sections 444AF and 444AK, the amount of the company's relevant receipts reduction for the relevant period is to be calculated by—
- (a) determining, in the case of each with-profits fund of the company, the amount given by subsection (2) or (6) below for the relevant period, and
- (b) aggregating each of those amounts.
- (2) The amount, in the case of a fund other than a policy holder participation fund, is—
- (a) where the gross transfer to non-technical account for the fund for the relevant period (see subsections (3) and (4)) is greater than the post-policy holder surplus for the fund for the relevant period (see subsection (5)), the amount of the difference;
- (b) otherwise, nil.
- (3) In this section “*the gross transfer to non-technical account*” means the amount shown in line 13 of Form 58 for the fund.
- (4) But if—
- (a) there is a transfer from a with-profits fund of the company to another fund of the company (“the initial transfer”) which is shown in (or included in an amount shown in) line 14 of Form 58 for the with-profits fund,
- (b) there is a transfer from a fund of the company (whether or not the other fund mentioned in paragraph (a) above) to the non-technical account which is shown in (or included in an amount shown in) line 13 of Form 58 for that fund, and
- (c) the transfer to the non-technical account can reasonably be regarded as connected with the initial transfer,
the amount of the gross transfer to non-technical account for the relevant period given by subsection (3) above in the case of the with-profits fund is to be increased by the amount transferred to the non-technical account.
- (5) In this section “*post-policy holder surplus*” means an amount equal to—
$$SA-TAP$where—SA is—(a) the amount shown in line 34 of Form 58 for the fund (surplus arising since last valuation), or(b) if that amount is a negative amount, nil;TAP is the amount shown in line 46 of Form 58 for the fund (total allocated to policy holders).$
- (6) The amount, in the case of a policy holder participation fund, is—
- (a) where TAP is greater than SA, the amount of the difference;
- (b) otherwise, nil;
and for this purpose “*SA*” and “*TAP*” have the same meaning as in subsection (5) above.
- (7) References in this section to Form 58 are references to that Form in the periodical return of the company for the relevant period.
- (8) In this section “*policy holder participation fund*” means a fund in the case of which an amount equal to the amount shown in line 34 of Form 58 for the fund is allocated to policy holders for the relevant period.
##### 444AK
- (1) This section applies if at any time in a period of account of an insurance company (“*the relevant period*”)—
- (a) the company carries on life assurance business as mutual business, and
- (b) the company carries on gross roll-up business.
- (2) If there is a reduction in the amount of the company's unappropriated surplus over the relevant period, there shall be deemed for the purposes of section 83(2) of the Finance Act 1989 to be brought into account for the relevant period as an increase in the value of the assets of the company's long-term insurance fund—
- (a) the amount of that reduction, or
- (b) if less, the amount of the company's relevant receipts reduction for the relevant period (see section 444AJ).
- (3) But subsection (2) above shall have effect only for the purposes of computing in accordance with the provisions of this Act applicable to Case I of Schedule D the profits for the relevant period of the company's gross roll-up business.
- (4) If the company prepares for the relevant period one or more such separate revenue accounts as are mentioned in section 83A(2)(b) of the Finance Act 1989—
- (a) subsection (2) above shall apply separately in relation to each separate revenue account which is recognised for the purposes of section 83 of that Act; and
- (b) for that purpose, any amount that falls to be determined in order to determine—
- (i) whether that subsection applies in relation to any such separate revenue account, and
- (ii) if so, the amount to be brought into account under that subsection in relation to that account,
shall be determined using only amounts or items which relate to the separate revenue account concerned.
- (5) In applying subsection (2) above in relation to a revenue account or separate revenue account which—
- (a) is recognised for the purposes of section 83 of that Act, and
- (b) is one in relation to which section 432C applies,
that subsection shall have effect as if paragraph (b) and the word “or” before it were omitted.
- (6) For the purposes of this section, there is a reduction in the amount of the company's unappropriated surplus over the relevant period if—
- (a) CUS is less than OUS, and
- (b) CUS is less than UUS.
- (7) The amount of that reduction is—
- (a) the amount by which CUS is less than OUS, or
- (b) if OUS is greater than UUS, the amount by which CUS is less than UUS.
- (8) In this section—
- CUS is the amount of the company's unappropriated surplus at the end of the relevant period,
- OUS is the amount of the company's unappropriated surplus at the end of the period of account immediately preceding the relevant period,
- UUS is the amount of the company's unappropriated surplus at the end of the period of account immediately preceding the first period of account of the company to begin on or after 1st January 2003 and to end on or after 9th April 2003.
##### 444AL
- (1) This section applies for the purposes of sections 444AF to 444AK.
- (2) References to mutual business, in relation to any time, include business which at that time is treated for the purposes of section 432E as mutual business.
- (3) “*Unappropriated surplus*”, in relation to a period of account of an insurance company, means an unappropriated surplus on valuation as shown in the periodical return of the company for the period of account.
- (4) References to the unappropriated surplus of the transferor at the end of the period of account of the transferor ending immediately before the transfer are, where a period of account of the transferor does not end at that time, references to the unappropriated surplus on valuation that would have been shown in a periodical return of the transferor for that period had such a return been drawn up.
### Provisions applying in relation to overseas life insurance companies
##### 444B
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#### Procedure for making election.
##### 444C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 444D
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 444E
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Equalisation reserves
##### 444BA
- (1) Subject to the following provisions of this section and to sections 444BB to 444BD, the rules in subsection (2) below shall apply in making any computation, for the purposes of Case I or V of Schedule D, of the profits or losses for any accounting period of an insurance company whose business has at any time been or included business in respect of which it was required, by virtue of equalisation reserve rules, to maintain an equalisation reserve.
- (2) Those rules are—
- (a) that amounts which, in accordance with equalisation reserve rules, are transferred into the equalisation reserve in respect of the company’s business for the accounting period in question are to be deductible;
- (b) that amounts which, in accordance with any such regulations, are transferred out of the reserve in respect of the company’s business for that period are to be treated as receipts of that business; and
- (c) that it must be assumed that all such transfers as are required by equalisation reserve rules to be made into or out of the reserve in respect of the company’s business for any period are made as required.
- (3) Where an insurance company having any business in respect of which it is required, by virtue of equalisation reserve rules, to maintain an equalisation reserve ceases to trade—
- (a) any balance which exists in the reserve at that time for the purposes of the Tax Acts shall be deemed to have been transferred out of the reserve immediately before the company ceases to trade; and
- (b) that transfer out shall be deemed to be a transfer in respect of the company’s business for the accounting period in which the company so ceases and to have been required by equalisation reserve rules.
- (4) Where—
- (a) an amount is transferred into an equalisation reserve in respect of the business of an insurance company for any accounting period,
- (b) the rule in subsection (2)(a) above would apply to the transfer of that amount but for this subsection,
- (c) that company by notice in writing to an officer of the Board makes an election in relation to that amount for the purposes of this subsection, and
- (d) the notice of the election is given not more than two years after the end of that period,
the rule mentioned in subsection (2)(a) above shall not apply to that transfer of that amount and, instead, the amount transferred (the “unrelieved transfer”) shall be carried forward for the purposes of subsection (5) below to the next accounting period and (subject to subsection (6) below) from accounting period to accounting period.
- (5) Where—
- (a) in accordance with equalisation reserve rules, a transfer is made out of an equalisation reserve in respect of an insurance company’s business for any accounting period,
- (b) the rule in subsection (2)(b) above would apply to the transfer but for this subsection, and
- (c) the accounting period is one to which any amount representing one or more unrelieved transfers has been carried forward under subsection (4) above,
that rule mentioned in subsection (2)(b) above shall not apply to that transfer except to the extent (if any) that the amount of the transfer exceeds the aggregate of the amounts representing unrelieved transfers carried forward to that period.
- (6) Where in the case of any company—
- (a) any amount representing one or more unrelieved transfers is carried forward to an accounting period in accordance with subsection (4) above, and
- (b) by virtue of subsection (5) above the rule in subsection (2)(b) above does not apply to an amount representing the whole or any part of any transfer out of an equalisation reserve in respect of the company’s business for that period,
the amount mentioned in paragraph (a) above shall not be carried forward under subsection (4) above to the next accounting period except to the extent (if any) that it exceeds the amount mentioned in paragraph (b) above.
- (7) To the extent that any actual or assumed transfer in accordance with equalisation reserve rules of any amount into an equalisation reserve is attributable to arrangements entered into wholly or mainly for tax purposes—
- (a) the rule in subsection (2)(a) above shall not apply to that transfer; and
- (b) the making of that transfer shall be disregarded in determining, for the purposes of the Tax Acts, whether and to what extent there is subsequently any requirement to make a transfer into or out of the reserve in accordance with equalisation reserve rules;
and this subsection applies irrespective of whether the insurance company in question is a party to the arrangements.
- (8) For the purposes of this section the transfer of an amount into an equalisation reserve is attributable to arrangements entered into wholly or mainly for tax purposes to the extent that the arrangements to which it is attributable are arrangements—
- (a) the sole or main purpose of which is, or
- (b) the sole or main benefit accruing from which might (but for subsection (7) above) be expected to be,
the reduction by virtue of this section of any liability to tax.
- (9) Where—
- (a) any transfer made into or out of an equalisation reserve maintained by an insurance company is made in accordance with equalisation reserve rules in respect of business carried on by that company over a period (“the equalisation period”), and
- (b) parts of the equalisation period are in different accounting periods,
the amount transferred shall be apportioned for the purposes of this section between the different accounting periods in the proportions that correspond to the number of days in the equalisation period that are included in each of those accounting periods.
- (10) The Treasury may by regulations provide in relation to any accounting periods ending on or after 1st April 1996 for specified transitional provisions contained in equalisation reserve rules to be disregarded for the purposes of the Tax Acts in determining how much is required, on any occasion, to be transferred into or out of any equalisation reserve in accordance with the rules.
- (11) In this section, and in sections 444BB to 444BD, “equalisation reserves rules” means the rules in chapter 7.5 of the Integrated Prudential Sourcebook.
##### 444BB
- (1) The Treasury may by regulations make provision modifying section 444BA so as, in cases mentioned in subsection (2) below—
- (a) to require—
- (i) sums by reference to which the amount of any transfer into or out of an equalisation reserve falls to be computed, or
- (ii) the amount of any such transfer,
to be apportioned between different parts of the business carried on for any period by an insurance company; and
- (b) to provide for the purposes of corporation tax for the amounts taken to be transferred into or out of an equalisation reserve to be computed disregarding any such sum or, as the case may be, any such part of a transfer as is attributed, in accordance with the regulations, to a part of the business described for the purpose in the regulations.
- (2) Those cases are cases where an insurance company which, in accordance with equalisation reserve rules, is required to make transfers into or out of an equalisation reserve in respect of any business carried on by that company for any period is carrying on, for the whole or any part of that period—
- (a) any business the income and gains of which fall to be disregarded in making a computation of the company’s profits in accordance with the rules applicable to Case I of Schedule D, or
- (b) any business by reference to which double taxation relief is afforded in respect of any income or gains.
- (3) Section 444BA shall have effect (subject to any regulations under subsection (1) above) in the case of an equalisation reserve maintained by an insurance company which—
- (a) is not resident in the United Kingdom, and
- (b) carries on business in the United Kingdom through a permanent establishment,
only if such conditions as may be prescribed by regulations made by the Treasury are satisfied in relation to that company and in relation to transfers into or out of that reserve.
- (4) Regulations under this section prescribing conditions subject to which section 444BA is to apply in the case of any equalisation reserve maintained by an insurance company may—
- (a) contain conditions imposing requirements on the company to furnish the Board with information with respect to any matters to which the regulations relate, or to produce to the Board documents or records relating to any such matters; and
- (b) provide that, where any prescribed condition is not, or ceases to be, satisfied in relation to the company or in relation to transfers into or out of that reserve, there is to be deemed for the purposes of the Tax Acts to have been a transfer out of that reserve of an amount determined under the regulations.
- (5) Regulations under this section may—
- (a) provide for apportionments under the regulations to be made in such manner, and by reference to such factors, as may be specified or described in the regulations;
- (b) make different provision for different cases;
- (c) contain such supplementary, incidental, consequential and transitional provision as the Treasury may think fit;
- (d) make provision having retrospective effect in relation to accounting periods beginning not more than one year before the time when the regulations are made;
and the powers conferred by this section in relation to transfers into or out of any reserve shall be exercisable in relation to both actual and assumed transfers.
- (6) In this section “*double taxation relief*” means—
- (a) relief under double taxation arrangements which takes the form of a credit allowed against corporation tax, or
- (b) unilateral relief under section 790(1) which takes that form;
and “*double taxation arrangements*” here means arrangements having effect by virtue of section 788.
##### 444BC
- (1) The Treasury may by regulations make provision modifying the operation of section 444BA in relation to cases where an insurance company has, for the purpose of preparing the documents it is required to prepare for the purposes of section 9.3 of the Prudential Sourcebook (Insurers), applied for any period an accounting method described in paragraph 52 or 53 of Schedule 9A to the Companies Act 1985 (accounting on a non-annual basis).
- (2) Subsection (5) of section 444BB applies for the purposes of this section as it applies for the purposes of that section.
##### 444BD
- (1) The Treasury may by regulations provide for section 444BA to have effect, in such cases and subject to such modifications as may be specified in the regulations, in relation to any equivalent reserves as it has effect in relation to equalisation reserves maintained by virtue of equalisation reserve rules.
- (2) For the purposes of this section a reserve is an equivalent reserve if—
- (a) it is maintained, otherwise than by virtue of equalisation reserve rules, either—
- (i) by an EEA firm of the kind mentioned in paragraph 5(d) of Schedule 3 to the Financial Services and Markets Act 2000 which has permission under paragraph 15 of that Schedule (as a result of qualifying for authorisation under paragraph 12(1) of that Schedule) to effect or carry out contracts of insurance in the United Kingdom, or
- (ii) by a firm which has permission under paragraph 4 of Schedule 4 to that Act (as a result of qualifying for authorisation under paragraph 2 of that Schedule) to effect or carry out contracts of insurance in the United Kingdom, or
- (iii) in respect of any business which consists of the effecting or carrying out of contracts of insurance and which is carried on outside the United Kingdom by a company resident in the United Kingdom;
- (b) the purpose for which, or the manner in which, it is maintained is such as to make it equivalent to an equalisation reserve maintained by virtue of equalisation reserve rules.
- (3) For the purposes of this section a reserve is also an equivalent reserve if it is maintained in respect of any credit insurance business in accordance with requirements imposed either—
- (a) by or under any enactment, or
- (b) under so much of the law of any territory as secures compliance with the requirements of Article 1 of the credit insurance directive (equalisation reserves for credit insurance).
- (4) Without prejudice to the generality of subsection (1) above, the modifications made by virtue of that subsection may—
- (a) provide for section 444BA to apply in the case of an equivalent reserve only where such conditions as may be specified in the regulations are satisfied in relation to the company maintaining the reserve or in relation to transfers made into or out of it; and
- (b) contain any other provision corresponding to any provision which, in the case of a reserve maintained by virtue of equalisation reserve rules, may be made under sections 444BA to 444BC.
- (5) Subsections (4) and (5) of section 444BB shall apply for the purposes of this section as they apply for the purposes of that section.
- (6) Without prejudice to the generality of section 444BB(5), the transitional provision which by virtue of subsection (5) above may be contained in regulations under this section shall include—
- (a) provision for treating the amount of any transfers made into or out of an equivalent reserve in respect of business carried on for any specified period as increased by the amount by which they would have been increased if no transfers into the reserve had been made in respect of business carried on for an earlier period; and
- (b) provision for excluding from the rule in section 444BA(2)(b) so much of any amount transferred out of an equivalent reserve as represents, in pursuance of an apportionment made under the regulations, the transfer out of that reserve of amounts in respect of which there has been no entitlement to relief by virtue of section 444BA(2)(a).
- (7) In this section—
- “credit insurance business” means business which consists of the effecting or carrying out of contracts of insurance against risks of loss to the persons insured arising from—the insolvency of debtors of theirs, orfrom the failure (otherwise than through insolvency) of debtors of theirs to pay their debts when due;
- “*the credit insurance directive*” means Council Directive [87/343/EEC](https://www.legislation.gov.uk/european/directive/1987/0343) of 22nd June 1987 amending, as regards credit insurance and suretyship insurance, First Directive 73/239 on the coordination of laws, regulations and administrative provisions relating to the taking-up and pursuit of the business of direct insurance other than life assurance; . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 458A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 461A
- (1) For the purposes of sections 461B and 461C, a “*qualifying society*” is an incorporated friendly society which—
- (a) immediately before its incorporation, was a registered friendly society to which section 461(2) did not apply,
- (b) was formed otherwise than by the incorporation of a registered friendly society or the amalgamation of two or more friendly societies and satisfies subsection (2) below, or
- (c) was formed by the amalgamation of two or more friendly societies and satisfies subsection (3) below,
and in respect of which no direction under section 461C(5) is in force.
- (2) A society satisfies this subsection if its business is limited to the provision, in accordance with the rules of the society, of benefits for or in respect of employees of a particular employer or such other group of persons as is for the time being approved for the purposes of this section by the Board.
- (3) If at the time of the amalgamation referred to in subsection (1)(c) above—
- (a) section 461(2) applied to none of the registered friendly societies being amalgamated (if any), and
- (b) all of the incorporated friendly societies being amalgamated (if any) were qualifying societies,
the society formed by the amalgamation satisfies this subsection.
- (4) For the purposes of this section and section 461C, any group of persons which was approved for the purposes of this section (as mentioned in subsection (2) above) by the Friendly Societies Commission immediately before 1st December 2001 shall be treated as having been approved for the purposes of this section by the Board on that date.
##### 461B
- (1) Subject to the following provisions of this section, a qualifying society shall, on making a claim, be entitled to exemption from . . . corporation tax (whether on income or chargeable gains) on its profits other than those arising from life or endowment business.
- (2) Subsection (1) above shall not apply to any profits arising or accruing to the society from, or by reason of its interest in, a body corporate which is a subsidiary (within the meaning of the Friendly Societies Act 1992) of the society or of which the society has joint control (within the meaning of that Act).
- (2A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) If an incorporated friendly society which is not a qualifying society makes a payment to a member in respect of his interest in the society and the payment is made otherwise than in the course of life or endowment business and exceeds the aggregate of any sums paid by him to the society by way of contributions or deposits, after deducting from that aggregate the amount of—
- (a) any previous payment so made to him by the society, and
- (b) any earlier repayment of such sums paid by him,
the excess shall be treated for the purposes of corporation tax and income tax as a qualifying distribution.
- (4) In relation to an incorporated friendly society which, immediately before its incorporation, was a registered friendly society to which section 461(2) applied—
- (a) the references in subsection (3) above to sums paid to the society shall include sums paid to the registered friendly society,
- (b) the reference in subsection (3)(a) above to any payment made by the society shall include any payment made by the registered friendly society after 26 March 1974 or such later date as was specified in any direction under section 461 (7) relating to it, and
- (c) the reference in subsection (3)(b) above to any repayment shall include any repayment made by the registered friendly society.
- (5) Where a qualifying society at any time ceases by virtue of section 91 of the Friendly Societies Act 1992 (conversion into company) to be registered under that Act, the company into which the society is converted shall be exempt from . . . corporation tax on its profits arising from any part of its business, other than life or endowment business, which relates to contracts made before that time.
- (6) But if during an accounting period of the company there is an increase in the scale of benefits which it undertakes to provide in the course of carrying on any such part of its business, the company shall not be exempt from corporation tax by virtue of subsection (5) above for that or any subsequent accounting period.
- (6A) Where—
- (a) at any time an insurance company acquires by way of transfer of engagements from a qualifying society any business other than life or endowment business, and
- (b) immediately before that time the society was exempt from corporation tax on profits arising from that business,
the insurance company shall be exempt from corporation tax on its profits arising from any part of that business which relates to contracts made before that time.
- (6B) But if during an accounting period of the insurance company there is an increase in the scale of benefits which it undertakes to provide in the course of carrying on any such part of that business, the company shall not be exempt from corporation tax by virtue of subsection (6A) above for that or any subsequent accounting period.
- (7) Any part of a company’s business to which an exemption under subsection (5) or (6A) above relates shall be treated for the purposes of the Corporation Tax Acts as a separate business from any other business carried on by the company.
- (8) The Treasury may by regulations provide that, where any part of the business of a company is exempt from corporation tax by virtue of subsection (5) or (6A) above, the Corporation Tax Acts have effect subject to such modifications (or exceptions) as the Treasury consider appropriate.
- (9) Regulations under subsection (8) above—
- (a) may make different provision for different cases,
- (b) may include any incidental, supplementary, consequential or transitional provisions which the Treasury consider appropriate, and
- (c) may include retrospective provision.
##### 461C
- (1) Subject to subsection (2) below, subsections (3) and (4) below apply where a qualifying society—
- (a) begins to carry on business other than life or endowment business, or
- (b) in the opinion of the Board, begins to carry on business other than life or endowment business on an enlarged scale or of a new character.
- (2) Subsections (3) and (4) below do not apply if—
- (a) the society’s business is limited to the provision, in accordance with the rules of the society, of benefits for or in respect of employees of a particular employer or such other group of persons as is for the time being approved for the purposes of section 461 or 461A by the Board, or
- (b) the society’s rules limit the aggregate amount which may be paid by a member by way of contributions and deposits to not more than £1 per month or such greater amount as is authorised for the purposes of section 461.
- (3) If it appears to the Board, having regard to the restrictions imposed by section 461 on registered friendly societies registered after 31st May 1973, that for the protection of the revenue it is expedient to do so, the Board may give a direction to the society under subsection (4) below.
- (4) A direction under this subsection is that (and has the effect that) the society to which it is given shall cease to be a qualifying society as from the date of the direction.
- (5) A society to which a direction is given may, within 30 days of the date on which it is given, appeal against the direction to the Special Commissioners on the ground that—
- (a) it has not begun to carry on business as mentioned in subsection (1) above;
- (b) subsections (3) and (4) above do not apply to it by reason of subsection (2) above; or
- (c) the direction is not necessary for the protection of the revenue.
##### 461D
- (1) Where—
- (a) at any time a friendly society (“*the transferee*”) acquires by way of transfer of engagements or amalgamation from another friendly society (“*the transferor*”) any business, other than life or endowment business, consisting of business which relates to contracts made before that time, and
- (b) immediately before that time the transferor was exempt from corporation tax on profits arising from that business,
the transferee is so exempt after that time.
- (2) But if during an accounting period of the transferee there is an increase in the scale of benefits which it undertakes to provide in the course of carrying on that business, the transferee shall not be exempt from corporation tax by virtue of subsection (1) above for that or any subsequent accounting period.
- (3) Where—
- (a) at any time a friendly society (“*the transferee*”) acquires by way of transfer of engagements or amalgamation from another friendly society (“*the transferor*”) any business, other than life or endowment business, consisting of business which relates to contracts made before that time, and
- (b) immediately before that time the transferor was not exempt from corporation tax on profits arising from that business,
the transferee is not so exempt after that time.
- (4) The Treasury may by regulations provide that, where any business of a friendly society is exempt from corporation tax by virtue of subsection (1) above, or not so exempt by virtue of subsection (3) above, the Corporation Tax Acts have effect subject to such modifications (or exceptions) as the Treasury consider appropriate.
- (5) Regulations under subsection (4) above—
- (a) may make different provision for different cases,
- (b) may include any incidental, supplementary, consequential or transitional provisions which the Treasury consider appropriate, and
- (c) may include retrospective provision.
##### 462A
- (1) Where a registered friendly society has tax exempt life or endowment business which includes contracts—
- (a) made before 20th March 1991, and
- (b) expressed at the outset not to be made in the course of such business,
the society may by notice to the inspector elect that section 460(1) shall not apply to so much of the profits arising from such business as is attributable to such contracts.
- (2) Where a registered friendly society has tax exempt life or endowment business which includes contracts falling within subsection (3) below, the society may by notice to the inspector elect that section 460(1) shall not apply to so much of the profits arising from such business as is attributable to such contracts.
- (3) A contract falls within this subsection if—
- (a) at the outset, it is neither expressed to be made in the course of tax exempt life or endowment business nor expressed not to be so made but is assumed by the society not to be so made, and
- (b) the policy issued in pursuance of it falls within paragraph 21(1)(b) of Schedule 15.
- (4) An election under subsection (2) above shall only be valid if the society satisfies the inspector (or the Commissioners on appeal) that it is possible to identify all the contracts to which the election relates.
- (5) If the inspector decides that he is not satisfied as mentioned in subsection (4) above, he shall give notice of his decision to the society; and section 42(3), (4) and (9) of, and paragraph 1(1) to (1E) of Schedule 2 to, the Management Act shall apply in relation to such a decision as they apply in relation to a decision of an inspector on a claim.
- (6) An election under subsection (1) or (2) above shall have effect for accounting periods ending on or after the day on which the Finance Act 1991 was passed.
- (7) No election under subsection (1) or (2) above may be made after 31st July 1992.
- (8) Where a friendly society has made an election under subsection (1) or (2) above, then, for any accounting period for which the election has effect—
- (a) section 460(1) shall apply to profits arising from life or endowment business which would have been included in the society’s tax exempt life or endowment business had no account been taken of the contracts to which the election relates, and
- (b) section 462(1), in its application to the society, shall have effect with the insertion after “policies” of “and all policies issued in pursuance of contracts to which an election under section 462A(1) or (2) relates”.
- (9) If a friendly society which (or a branch of which) has made an election under subsection (1) or (2) above becomes an incorporated friendly society, the election shall have effect in relation to the incorporated friendly society as it had effect in relation to the society (or branch) which made the election (and accordingly, in relation to accounting periods of the incorporated friendly society, “*the society*” in subsection (8)(a) and (b) above shall be read as referring to the incorporated friendly society).
#### Married couple's allowance (post-5th December 2005 marriages and civil partnerships etc.)
##### 465A
- (1) This section applies where any assets of a branch of a registered friendly society have been identified in a scheme under section 6(5) of the Friendly Societies Act 1992 (property, rights etc. excluded from transfer to the society on its incorporation).
- (2) In relation to any time after the incorporation of the society, the assets shall be treated for the purposes of the Tax Acts as assets of the society (and, accordingly, any tax liability arising in respect of them shall be a liability of the society rather than of the branch).
- (3) Where, by virtue of this section, tax in respect of any of the assets becomes chargeable on and is paid by the society, the society may recover from the trustees in whom those assets are vested the amount of the tax paid.
##### 468AA
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##### 468A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 468B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Married couple’s allowance(pre-5th December 2005 marriages).
##### 468C
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##### 468D
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 468E
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Married couple's allowance (post-5th December 2005 marriages and civil partnerships etc.)
##### 468EE
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##### 468F
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##### 468G
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### Distributions of authorised unit trusts: general
##### 468H
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##### 468I
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### Dividend and foreign income distributions
##### 468J
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##### 468K
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### Interest distributions
##### 468L
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#### Transfer of relief under section 257A.
##### 468M
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 468N
- (1) Subsection (2) below applies where—
- (a) an interest distribution is made for a distribution period to a unit holder; and
- (b) the gross income entered in the distribution accounts for the purposes of computing the total amount available for distribution to unit holders does not derive from eligible income entirely.
- (2) Where this subsection applies, the obligation to deduct under section 349(2) shall not apply to the relevant amount of the interest distribution to the unit holder if the residence condition is on the distribution date fulfilled with respect to him.
- (3) Section 468O makes provision with respect to the circumstances in which the residence condition is fulfilled with respect to a unit holder.
- (4) This is how to calculate the relevant amount of the interest distribution—
$$R=AxBC$Where—R = the relevant amount;A = the amount of the interest distribution before deduction of tax to the unit holder in question;B = such amount of the gross income as derives from eligible income;C = the amount of the gross income.$
- (5) In subsection (4) above the references to the gross income are references to the gross income entered as mentioned in subsection (1)(b) above.
##### 468O
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 468P
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##### 468PA
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##### 468PB
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Distributions to corporate unit holder
##### 468Q
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##### 468R
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##### 469A
- (1) The Tax Acts shall have effect in relation to any common investment fund established under section 42 of the Administration of Justice Act 1982 (common investment funds for money paid into court) as if—
- (a) the fund were an authorised unit trust;
- (b) the person who is for the time being the investment manager of the fund were the trustee of that authorised unit trust; and
- (c) the persons with qualifying interests were the unit holders in that authorised unit trust.
- (1A) For the purposes of subsection (1)(c) above, the persons with qualifying interests are—
- (a) in relation to shares in the fund held by the Accountant General, the persons whose interests entitle them, as against him, to share in the fund’s investments;
- (b) in relation to shares in the fund held by any other person authorised by the Lord Chancellor to hold such shares on behalf of others (an “authorised person”)—
- (i) if there are persons whose interests entitle them, as against the authorised person, to share in the fund’s investments, those persons;
- (ii) if not, the authorised person;
- (c) in relation to shares in the fund held by persons authorised by the Lord Chancellor to hold such shares on their own behalf, those persons.
- (2) In this section “*the Accountant General*” means . . . the Accountant General of the Supreme Court of Judicature in England and Wales or the Accountant General of the Supreme Court of Judicature of Northern Ireland.
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 472A
- (1) This section applies in relation to securities—
- (a) which are held by a company carrying on a banking business, an insurance business or a business consisting wholly or partly in dealing in securities; and
- (b) which are such that a profit on their sale would form part of the trading profits of that business.
- (2) Profits and losses arising from such securities that in accordance with generally accepted accounting practice are—
- (a) calculated by reference to the fair value of the securities, and
- (b) recognised in that company's statement of recognised gains and losses or statement of changes in equity,
shall be brought into account in computing the profits or losses of a business in accordance with the provisions of this Act applicable to Case I of Schedule D.
- (3) Subsection (2) does not apply—
- (a) to an amount to the extent that it derives from or otherwise relates to an amount brought into account under that subsection in an earlier period of account, or
- (b) to an amount recognised for accounting purposes by way of correction of a fundamental error.
- (4) In this section, “securities”—
- (a) includes shares and any rights, interests or options that by virtue of section 99, 135(5) or 136(5) of the Taxation of Chargeable Gains Act 1992 are treated as shares for the purposes of sections 126 to 136 of that Act; but
- (b) does not include a loan relationship (within the meaning of Chapter 2 of Part 4 of the Finance Act 1996).
##### 477A
- (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (1A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) . . . Dividends or interest payable in respect of shares in, or deposits with or loans to, a building society shall be dealt with for the purposes of corporation tax as follows—
- (a) to the extent that it would not otherwise fall to be so regarded, liability to pay the dividends or interest shall be treated for the purposes of Chapter II of Part IV of the Finance Act 1996 as a liability arising under a loan relationship of the building society;
- (aa) if the dividends or interest are payable to a company, then, to the extent that they would not otherwise fall to be so regarded, they shall be treated for those purposes as payable to that company in pursuance of a right arising under a loan relationship of that company;
- (b) no part of any such dividends or interest . . . shall be treated as a distribution of the society or as franked investment income of any company resident in the United Kingdom.
- (3A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3C) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) Subsection (3)(a) above shall apply to any interest paid by the society under a certified SAYE savings arrangement as if it were a dividend on a share in the society.
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (9) In this section “*dividend*” includes any distribution (whether or not described as a dividend).
- (10) In this section—
- “*certified SAYE savings arrangement*” has the meaning given by section 703 of ITTOIA 2005
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 477B
- (1) In computing for the purposes of corporation tax the income of a building society from the trade carried on by it, there shall be allowed as a deduction, if subsection (2) below applies, the incidental costs of obtaining finance by means of issuing shares in the society which are qualifying shares.
- (1A) A deduction shall not be allowed by virtue of subsection (1) above to the extent that the costs in question fall to be brought into account as debits for the purposes of Chapter 2 of Part 4 of the Finance Act 1996 (loan relationships).
- (2) This subsection applies if any amount payable in respect of the shares by way of dividend or interest is deductible in computing for the purposes of corporation tax the income of the society from the trade carried on by it.
- (3) In subsection (1) above, “*the incidental costs of obtaining finance*” means expenditure on fees, commissions, advertising, printing and other incidental matters (but not including stamp duty), being expenditure wholly and exclusively incurred for the purpose of obtaining the finance (whether or not it is in fact obtained), or of providing security for it or of repaying it.
- (4) This section shall not be construed as affording relief—
- (a) for any sums paid in consequence of, or for obtaining protection against, losses resulting from changes in the rate of exchange between different currencies, or
- (b) for the cost of repaying qualifying shares so far as attributable to their being repayable at a premium or to their having been issued at a discount.
- (5) In this section—
- “*dividend*” has the same meaning as in section 477A, and
- “*qualifying share*” has the same meaning as in section 117(4) of the 1992 Act.
##### 480A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 480B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Transfer of relief under section 257A where relief exceeds income or 257AB.
##### 480C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Transitional relief: the elderly.
##### 482A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### PETROLEUM EXTRACTION ACTIVITIES
##### 494AA
- (1) This section applies where—
- (a) a company (“*the seller*”) carrying on a trade has disposed of an asset which was used for the purposes of that trade, or an interest in such an asset;
- (b) the asset is used, under a lease, by the seller or a company associated with the seller (“*the lessee*”) for the purposes of a ring fence trade carried on by the lessee; and
- (c) the lessee uses the asset before the end of the period of two years beginning with the disposal.
- (2) Subject to subsection (4) below, subsection (3) below applies to so much (if any) of the expenditure incurred by the lessee under the lease as—
- (a) falls, in accordance with generally accepted accounting practice, to be treated in the accounts of the lessee as a finance charge;. . . or
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (c) falls, if the case is one where the lease is a long funding operating lease, to be deductible in computing the profits of the lessee for the purposes of corporation tax (after first making against any such expenditure any reductions falling to be made by virtue of section 502K).
- (3) The expenditure shall not be allowable in computing for the purposes of Schedule D the profits of the ring fence trade.
- (4) Expenditure shall not be disallowed by virtue of subsection (3) above to the extent that the disposal referred to in subsection (1) above is made for a consideration which—
- (a) is used to meet expenditure incurred by the seller in carrying on oil extraction activities or in acquiring oil rights otherwise than from a company associated with the seller; or
- (b) is appropriated to meeting expenditure to be so incurred by the seller.
- (5) Where any expenditure—
- (a) would apart from subsection (3) above be allowable in computing for the purposes of Schedule D the profits of the ring fence trade for an accounting period, but
- (b) by virtue of that subsection is not so allowable,
that expenditure shall be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 as if it were a non-trading debit in respect of a loan relationship of the lessee for that accounting period.
- (6) In this section —
- “*long funding operating lease*” means a long funding operating lease for the purposes of Part 2 of the Capital Allowances Act (see section 70YI(1) of that Act);
- “*lease*”, in relation to an asset, has the same meaning as in sections 781 to 784.
##### 494A
- (1) In section 403(3) (availability of charges, Schedule A losses and management expenses for surrender as group relief) the reference to the gross profits of the surrendering company for an accounting period does not include the company’s relevant ring fence profits for that period.
- (2) If for that period—
- (a) there are no charges on income paid by the company that are allowable under section 338, . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
all the company’s ring fence profits are relevant ring fence profits.
- (3) In any other case the company’s relevant ring fence profits are so much of its ring fence profits as exceeds the amount of the charges on income paid by the company as—
- (a) are allowable under section 338 for that period, . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 496A
Schedule 19B to this Act (exploration expenditure supplement) shall have effect.
##### 496B
Schedule 19C to this Act (ring fence expenditure supplement) shall have effect.
#### Life assurance premiums paid by employer
##### 501A
- (1) Where in any accounting period beginning on or after 17th April 2002 a company carries on a ring fence trade, a sum equal to 20 per cent of its adjusted ring fence profits for that period shall be charged on the company as if it were an amount of corporation tax chargeable on the company.
- (2) A company’s adjusted ring fence profits for an accounting period are the amount which, on the assumption mentioned in subsection (3) below, would be determined for that period (in accordance with this Chapter) as the profits of the company’s ring fence trade chargeable to corporation tax.
- (3) The assumption is that financing costs are left out of account in computing—
- (a) the amount of the profits or loss of any ring fence trade of the company’s for each accounting period beginning on or after 17th April 2002; and
- (b) where for any such period the whole or part of any loss relief is surrendered to the company in accordance with section 492(8), the amount of that relief or, as the case may be, that part.
- (4) For the purposes of this section, “*financing costs*” means the costs of debt finance.
- (5) In calculating the costs of debt finance for an accounting period the matters to be taken into account include—
- (a) any costs giving rise to debits in respect of debtor relationships of the company under Chapter 2 of Part 4 of the Finance Act 1996 (loan relationships) , other than debits in respect of exchange losses from such relationships (see section 103(1A) and (1B) of that Act);
- (b) any exchange gain or loss from a debtor relationship, within the meaning of that Chapter (see section 103(1A) and (1B) of that Act), in relation to debt finance;
- (c) any credit or debit falling to be brought into account under Schedule 26 to the Finance Act 2002 (derivative contracts) in relation to debt finance;
- (d) the financing cost implicit in a payment under a finance lease;
- (dd) where the company is the lessee under a long funding operating lease, the amount deductible in respect of payments under the lease in computing the profits of the lessee for the purposes of corporation tax (after first making against any such amount any reductions falling to be made by virtue of section 502K); and
- (e) any other costs arising from what would be considered in accordance with generally accepted accounting practice to be a financing transaction.
- (6) Where an amount representing the whole or part of a payment falling to be made by a company—
- (a) falls (or would fall) to be treated as a finance charge under a finance lease for the purposes of accounts relating to that company and one or more other companies and prepared in accordance with generally accepted accounting practice, but
- (b) is not so treated in the accounts of the company,
the amount shall be treated for the purposes of this section as financing costs falling within subsection (5)(d) above.
- (7) If—
- (a) in computing the adjusted ring fence profits of a company for an accounting period, an amount falls to be left out of account by virtue of subsection (5)(d) above, but
- (b) the whole or any part of that amount is repaid,
the repayment shall also be left out of account in computing the adjusted ring fence profits of the company for any accounting period.
- (8) In this section “*finance lease*” means any arrangements—
- (a) which provide for an asset to be leased or otherwise made available by a person to another person (“*the lessee*”), and
- (b) which, under generally accepted accounting practice,—
- (i) fall (or would fall) to be treated, in the accounts of the lessee or a person connected with the lessee, as a finance lease or a loan, or
- (ii) are comprised in arrangements which fall (or would fall) to be so treated.
- (9) For the purposes of applying subsection (8)(b) above, the lessee and any person connected with the lessee are to be treated as being companies which are incorporated in a part of the United Kingdom.
- (10) In this section “*accounts*”, in relation to a company, includes any accounts which—
- (a) relate to two or more companies of which that company is one, and
- (b) are drawn up in accordance with generally accepted accounting practice.
- (11) In this section “*long funding operating lease*” means a long funding operating lease for the purposes of Part 2 of the Capital Allowances Act (see section 70YI(1) of that Act).
##### 501B
- (1) Subject to subsection (3) below, the provisions of section 501A(1) relating to the charging of a sum as if it were an amount of corporation tax shall be taken as applying, subject to the provisions of the Taxes Acts, and to any necessary modifications, all enactments applying generally to corporation tax, including—
- (a) those relating to returns of information and the supply of accounts, statements and reports;
- (b) those relating to the assessing, collecting and receiving of corporation tax;
- (c) those conferring or regulating a right of appeal; and
- (d) those concerning administration, penalties, interest on unpaid tax and priority of tax in cases of insolvency under the law of any part of the United Kingdom.
- (2) Accordingly (but without prejudice to subsection (1) above) the Management Act shall have effect as if any reference to corporation tax included a reference to a sum chargeable under section 501A(1) as if it were an amount of corporation tax.
- (3) In any regulations made under section 32 of the Finance Act 1998 (as at 17th April 2002, the Corporation Tax (Treatment of Unrelieved Surplus Advance Corporation Tax) Regulations 1999)—
- (a) references to corporation tax do not include a reference to a sum chargeable on a company under section 501A(1) as if it were corporation tax; and
- (b) references to profits charged to corporation tax do not include a reference to adjusted ring fence profits, within the meaning of section 501A(1).
- (4) In this section “*the Taxes Acts*” has the same meaning as in the Management Act.
### Chapter 5A — Special rules for long funding leases of plant or machinery: corporation tax
### Introductory
##### 502A
This Chapter has effect for the purposes of corporation tax only.
### Lessors under long funding finance leases
##### 502B
- (1) This section applies for determining for the purposes of corporation tax the profits of a company for any period of account in which it is the lessor of any plant or machinery under a long funding finance lease.
- (2) The amount to be brought into account as the lessor's taxable income from the lease for the period of account is the amount of the rental earnings in respect of the lease for the period of account.
- (3) The “rental earnings” for any period is the amount which, in accordance with generally accepted accounting practice, falls (or would fall) to be treated as the gross return on investment for that period in respect of the lease where it meets the finance lease test.
- (4) If the lease is one which, under generally accepted accounting practice, falls (or would fall) to be treated as a loan in the accounts in question, so much of the rentals under the lease as fall (or would fall) to be treated as interest are to be treated for the purposes of this section as rental earnings.
##### 502C
- (1) This section applies for determining for the purposes of corporation tax the profits of a company which is or has been the lessor under a long funding finance lease.
- (2) This section has effect where a profit or loss (whether of an income or capital nature)—
- (a) arises to the company in connection with the lease, and
- (b) in accordance with generally accepted accounting practice falls to be recognised for accounting purposes in a period of account, but
- (c) would not, apart from this section, be brought into account in computing the profits of the company for the purposes of corporation tax.
- (3) The profit or loss is to be treated—
- (a) in the case of a profit, as income of the company attributable to the lease,
- (b) in the case of a loss, as a revenue expense incurred by the company in connection with the lease.
- (4) Any reference in this section to an amount falling to be recognised for accounting purposes in a period of account is a reference to an amount falling to be recognised for accounting purposes—
- (a) in the company's profit and loss account or income statement,
- (b) in the company's statement of recognised gains and losses or statement of changes in equity, or
- (c) in any other statement of items brought into account in computing the company's profits or losses for that period.
##### 502D
- (1) This section applies for determining the liability to corporation tax of a company which is or has been the lessor under a long funding finance lease.
- (2) Where—
- (a) the lease terminates, and
- (b) a sum calculated by reference to the termination value is paid to the lessee,
no deduction in respect of the sum paid to the lessee is allowed in computing the profits of the company.
- (3) This section does not prevent a deduction in respect of a sum to the extent that the sum is brought into account in determining the company's rental earnings.
### Lessors under long funding operating leases
##### 502E
- (1) This section applies for determining for the purposes of corporation tax the profits of a company for any period of account—
- (a) for the whole of which, or
- (b) for any part of which,
the company is the lessor of any plant or machinery under a long funding operating lease.
- (2) A deduction is allowed in computing the profits of the company for the period of account.
- (3) The amount of the deduction for any period of account is to be determined as follows.
- (4) First, find the “*relevant value*” for the purposes of subsection (6)(a) below, which is—
- (a) if the only use of the plant or machinery by the lessor has been the leasing of it under the long funding operating lease as a qualifying activity, cost;
- (b) if the last previous use of the plant or machinery by the lessor was the leasing of it under another long funding operating lease as a qualifying activity, market value;
- (c) if the last previous use of the plant or machinery by the lessor was the leasing of it under a long funding finance lease as a qualifying activity, the recognised value;
- (d) if the last previous use of the plant or machinery by the lessor was for the purposes of a qualifying activity other than leasing under a long funding lease, the lower of cost and market value;
- (e) if the lessor owns the plant or machinery as a result of having incurred expenditure on its provision for purposes other than those of a qualifying activity, but—
- (i) the plant or machinery is brought into use by the lessor for the purposes of a qualifying activity on or after 1st April 2006, and
- (ii) that qualifying activity is the leasing of the plant or machinery under the long funding operating lease,
the relevant value is the lower of first use market value and first use amortised value.
- (5) In subsection (4) above—
- “*cost*” means the amount of the expenditure incurred by the lessor on the provision of the plant or machinery;
- “*first use amortised value*” means the value that the plant or machinery would have at the time when it is first brought into use for the purposes of the qualifying activity, on the assumption that—the cost of acquiring the plant or machinery had been written off on a straight line basis over the remaining useful economic life of the plant or machinery, andany further capital expenditure incurred had been written off on a straight line basis over so much of the remaining economic life of the plant or machinery as remains at the time when the expenditure is incurred;
- “*first use market value*” means the market value of the plant or machinery at the time when it is first brought into use for the purposes of the qualifying activity;
- “*market value*” means the market value of the plant or machinery at the commencement of the term of the long funding operating lease;
- “*recognised value*” means the value at which the plant or machinery is recognised in the books or other financial records of the lessor at the commencement of the long funding operating lease.
- (6) From—
- (a) the relevant value determined in accordance with subsection (4) above,
subtract
- (b) the amount which, at the commencement of the term of the lease, is (or, in a case falling within subsection (4)(e) above, would have been) expected to be the residual value of the plant or machinery,
to find the expected gross reduction in value over the term of the lease.
- (7) Apportion the amount of that expected gross reduction in value to each period of account in which any part of the term of the lease falls.
- (8) The apportionment must be on a time basis according to the proportion of the term of the lease that falls in each period of account.
- (9) The amount of the deduction for any period of account is the amount so apportioned to that period.
##### 502F
- (1) This section applies if in any period of account—
- (a) a company is the lessor of any plant or machinery under a long funding operating lease,
- (b) the company incurs capital expenditure in relation to the plant or machinery, and
- (c) that capital expenditure (the “additional expenditure”) is not reflected in the market value of the plant or machinery at the commencement of the term of the lease.
- (2) In a case falling within section 502E(4)(e) above, subsection (1)(c) above has effect as if the reference to the commencement of the term of the lease were a reference to the time when the plant or machinery is first brought into use by the lessor for the purposes of the qualifying activity.
- (3) Where this section applies, an additional deduction is allowed in computing the profits of the company for each post-expenditure period of account in which the company is the lessor of the plant or machinery under the lease.
- (4) The amount of the deduction for any such period of account is to be determined as follows.
- (5) Find ARV, CRV, PRV, and TRV where—
- “ARV” is the amount which, at the time when the additional expenditure is incurred, is expected to be the residual value of the plant or machinery;
- “CRV” is the amount which, at the commencement of the term of the lease, is expected to be the residual value of the plant or machinery;
- “PRV” is the sum of any amounts that fell to be taken into account as RRV (see subsection (6)) in the application of this section in relation to any previous additional expenditure incurred by the company in relation to the leased plant or machinery;
- “TRV” is the total of CRV and PRV.
- (6) Find RRV, where—
- (a) if ARV exceeds TRV, RRV is the portion of the excess that is a result of the additional expenditure, but
- (b) if ARV does not exceed TRV, RRV is nil.
- (7) From—
- (a) the amount of the additional expenditure,
subtract
- (b) RRV,
to find the expected partial reduction in value over the remainder of the term of the lease.
- (8) Apportion the amount of that expected partial reduction in value to each post-expenditure period of account in which any part of the term of the lease falls.
- (9) The apportionment must be on a time basis according to the proportion of the term of the lease that falls in each post-expenditure period of account.
- (10) The amount of the additional deduction for any period of account is the amount so apportioned to that period.
- (11) In this section “*post-expenditure period of account*” means any period of account ending after the incurring of the additional expenditure.
##### 502G
- (1) This section applies for determining the liability to corporation tax of a company which is the lessor immediately before the termination of a long funding operating lease.
- (2) Step 1 is to find—
- (a) the termination amount (TA);
- (b) the total of any sums paid to the lessee that are calculated by reference to the termination value (LP).
- (3) Step 2 is to find—
- (a) the relevant value for the purposes of section 502E(6)(a) (RV);
- (b) the total of the deductions allowable under section 502E for periods of account for the whole or part of which the company was the lessor before the termination of the lease (TD1);
- (c) the amount, if any, (ERV) by which RV exceeds TD1.
- (4) Step 3 is to find—
- (a) the total of any amounts of capital expenditure incurred by the company which constitute additional expenditure for the purposes of section 502F in the case of the lease (TAE);
- (b) the total of any deductions allowable under section 502F for periods of account for the whole or part of which the company was the lessor before the termination of the lease (TD2);
- (c) the amount, if any, (EAE) by which TAE exceeds TD2.
- (5) Step 4 is to find the total of ERV and EAE (T).
- (6) If (TA – LP) exceeds T, treat a profit of an amount equal to the excess as arising to the company in the period of account in which the lease terminates.
- (7) If T exceeds (TA – LP), treat a loss of an amount equal to the excess as arising to the company in that period of account.
- (8) A profit or loss treated as arising to the company under subsection (6) or (7) above is to be treated—
- (a) in the case of a profit, as income of the company attributable to the lease,
- (b) in the case of a loss, as a revenue expense incurred by the company in connection with the lease.
- (9) In computing the profits of the company, no deduction is allowed in respect of any sums paid to the lessee that are calculated by reference to the termination value.
### Lessors under long funding finance or operating leases: avoidance etc
#### Early conversion or surrender of life policies.
##### 502GA
- (1) Sections 502B to 502G do not apply in the case of a company which is or has been the lessor of any plant or machinery under a long funding lease if the following condition is met.
- (2) The condition is that any part of the expenditure incurred by the company on the acquisition of the plant or machinery for leasing under the lease—
- (a) is (apart from those sections) allowable as a deduction in calculating its profits or losses for the purposes of corporation tax, and
- (b) is so allowable as a result of the plant or machinery forming part of its trading stock.
- (3) For the purposes of this section the cases in which expenditure incurred by a company on the acquisition of any plant or machinery for leasing under a lease is allowable as such a deduction include any case where—
- (a) the company becomes entitled to the deduction at any time after the expenditure is incurred, and
- (b) the deduction arises as a result of the plant or machinery forming part of its trading stock at that time.
- (4) If—
- (a) at any time any of sections 502B to 502G has applied for determining the amounts to be taken into account in calculating the profits or losses of the company for the purposes of corporation tax, and
- (b) the condition in subsection (2) is met at any subsequent time,
those amounts, and any other amounts which (as a result of this section) are to be so taken into account, are subject to such adjustments as are just and reasonable.
- (5) All such assessments and adjustments of assessments are to be made as are necessary to give effect to subsection (4).
##### 502GB
- (1) This section applies if—
- (a) a company is the lessee of any plant or machinery under a lease (“lease A”) that is not a long funding lease,
- (b) it enters into a lease (“lease B”) of any of that plant or machinery (as lessor), and
- (c) lease B is a long funding lease.
- (2) Sections 502B to 502G do not apply in relation to lease B.
- (3) If by virtue of section 70H of the Capital Allowances Act (tax return by lessee treating lease as long funding lease) lease A becomes a long funding lease (and does not cease to be such a lease), treat this section as never having applied in relation to lease B.
##### 502GC
- (1) Sections 502B to 502G do not apply in the case of a company which is or has been the lessor of any plant or machinery under a long funding lease if conditions A to C are met.
- (2) Condition A is that the long funding lease forms part of any arrangement entered into by the company which includes one or more other transactions (whether the arrangement is entered into before or after or at the inception of the lease).
- (3) Condition B is that the main purpose, or one of the main purposes, of the arrangement is to secure that, over the relevant period, there would be a substantial difference between—
- (a) the total amount of the amounts under the arrangement which are, in accordance with generally accepted accounting practice, recognised in determining the company's profit or loss for any period or taken into account in calculating the amounts which are so recognised, and
- (b) the total amount of the amounts under the arrangement which are taken into account in calculating the profits or losses of the company for the purposes of corporation tax.
- (4) For the purposes of condition B “*the relevant period*” means the period which begins with the inception of the lease and ends with the end of the term of the lease.
- (5) Condition C is that the difference would be attributable (wholly or partly) to the application of any of sections 502B to 502G in relation to the company by reference to the plant or machinery under the lease.
- (6) The reference in this section to an amount being recognised in determining a company's profit or loss for a period is to an amount being recognised for accounting purposes—
- (a) in the company's profit and loss account or income statement,
- (b) in the company's statement of recognised gains and losses or statement of changes in equity, or
- (c) in any other statement of items brought into account in calculating the company's profits and losses for that period.
- (7) For the purposes of this section it does not matter whether the parties to any transaction which forms part of the arrangement differ from the parties to any of the other transactions.
- (8) For the purposes of this section the cases in which two or more transactions are to be taken as forming part of an arrangement include any case in which it would be reasonable to assume that one or more of them—
- (a) would not have been entered into independently of the other or others, or
- (b) if entered into independently of the other or others, would not have taken the same form or been on the same terms.
- (9) If—
- (a) at any time any of sections 502B to 502G has applied for determining the amounts to be taken into account in calculating the profits or losses of the company for the purposes of corporation tax, and
- (b) conditions A to C are met at any subsequent time,
those amounts, and any other amounts which (as a result of this section) are to be so taken into account, are subject to such adjustments as are just and reasonable.
- (10) All such assessments and adjustments of assessments are to be made as are necessary to give effect to subsection (9).
##### 502GD
- (1) If a company is or has been a lessor under a long funding lease of a film, sections 502B to 502G do not apply in respect of the lease.
- (2) “*Film*” has the same meaning as in Part 15 of CTA 2009 (see section 1181 of that Act).
### Insurance company as lessor
##### 502H
- (1) This section applies to a company carrying on life assurance business if it is the lessor under a long funding lease in a period of account.
- (2) In this section—
- (a) subsections (3) to (7) have effect in relation to—
- (i) basic life assurance and general annuity business, and
- (ii) PHI business, . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) Subsection (4) below applies in the case of each of the following amounts—
- (a) an amount of rental earnings which the company is required by section 502B (long funding finance lease) to bring into account as taxable income,
- (b) an amount treated under section 502C(3)(a) (long funding finance lease: lessor's exceptional items) as a profit arising to the company,
- (c) an amount of rental income arising to the company from a long funding operating lease,
- (d) an amount treated under section 502G(8)(a) (long funding operating lease: lessor's excess termination amount) as a profit arising to the company,
but only if the leased asset is an asset of the company's long-term insurance fund.
- (4) In determining for the purposes of the Corporation Tax Acts in any such case the extent to which any such amount is referable to—
- (a) basic life assurance and general annuity business, or
- (b) PHI business,
section 432A (apportionment of insurance companies' income) is to have effect in relation to the amount as it has effect in relation to the income arising from an asset.
This subsection is subject to subsections (5) and (6) below.
- (5) Before applying subsection (4) above in a case where—
- (a) that subsection applies by virtue of subsection (3)(a) above in relation to an amount of rental earnings, and
- (b) there is an amount which is deductible as a revenue expense by virtue of section 502C(3)(b) (long funding finance lease: lessor's exceptional items),
the amount so deductible is to be given effect by applying it, so far as possible, in reducing the amount of the rental earnings.
- (6) Before applying subsection (4) above by virtue of subsection (3)(c) above in relation to an amount of rental income,—
- (a) any deduction falling to be made under section 502E, or
- (b) any reduction falling to be made under section 502F,
is to be given effect by applying it, so far as possible, in reducing (or further reducing) the amount of the rental income.
- (7) Where, after applying amounts in making reductions required by subsection (5) or (6) above, there remains unapplied an amount in respect of—
- (a) a deduction falling to be made under section 502E,
- (b) a reduction falling to be made under section 502F, or
- (c) an amount deductible as a revenue expense by virtue of section 502C(3)(b),
the amount is to be apportioned under section 432A in the same way as income.
- (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Lessees under long funding finance leases
#### Elections as to transfer of relief under section 257A or 257AB.
##### 502I
- (1) This section applies for determining for the purposes of corporation tax the profits of a company for any period of account in which it is the lessee of any plant or machinery under a long funding finance lease.
- (2) In calculating the company's profits for the period of account,—
- (a) the amount deducted in respect of amounts payable under the lease,
must not exceed
- (b) the amounts which, in accordance with generally accepted accounting practice, fall (or would fall) to be shown in the company's accounts as finance charges in respect of the lease.
- (3) If the lease is one which, under generally accepted accounting practice, falls (or would fall) to be treated as a loan, subsection (2) above applies as if the lease were one which, under generally accepted accounting practice, fell to be treated as a finance lease.
##### 502J
- (1) This section applies where—
- (a) a company is or has been the lessee under a long funding finance lease, and
- (b) in connection with the termination of the lease, a payment calculated by reference to the termination value falls to be made to the company.
- (2) The payment is not to be brought into account in determining for the purposes of corporation tax the profits of the company for any period of account.
- (3) Subsection (2) above does not affect the amount of any disposal value that falls to be brought into account by the company under the Capital Allowances Act.
### Lessees under long funding operating leases
##### 502K
- (1) This section applies for determining for the purposes of corporation tax the profits of a company for any period of account in which it is the lessee of any plant or machinery under a long funding operating lease.
- (2) The deductions that may be allowed in computing the profits of the company for the period of account are to be reduced in accordance with the following provisions of this section.
- (3) The amount of the reduction for any period of account is to be determined as follows.
- (4) First, find the “*relevant value*” for the purposes of subsection (6)(a) below, which is—
- (a) the market value of the plant or machinery at the commencement of the term of the lease, unless paragraph (b) below applies;
- (b) if the lessee—
- (i) has the use of the plant or machinery as a result of having incurred expenditure on its provision for purposes other than those of a qualifying activity, but
- (ii) brings the plant or machinery into use for the purposes of a qualifying activity on or after 1st April 2006,
the lower of first use market value and first use amortised market value.
- (5) In subsection (4) above—
- “*first use amortised market value*” means the value that the plant or machinery would have—at the time when it is first brought into use for the purposes of the qualifying activity, buton the assumption that the market value of the plant or machinery at the commencement of the term of the lease had been written off on a straight line basis over the remaining useful economic life of the plant or machinery;
- “*first use market value*” means the market value of the plant or machinery at the time when it is first brought into use for the purposes of the qualifying activity.
- (6) From—
- (a) the relevant value determined in accordance with subsection (4) above,
subtract
- (b) the amount which, at the commencement of the term of the lease, is (or, in a case falling within subsection (4)(b) above, would have been) expected to be the market value of the plant or machinery at the end of the term of the lease,
to find the expected gross reduction over the term of the lease.
- (7) Apportion the amount of that expected gross reduction to each period of account in which any part of the term of the lease falls.
- (8) The apportionment must be on a time basis according to the proportion of the term of the lease that falls in each period of account.
- (9) The amount of the reduction for any period of account is the amount so apportioned to that period.
### Interpretation of Chapter
##### 502L
- (1) This section has effect for the interpretation of this Chapter.
- (2) In this Chapter—
- “*qualifying activity*” has the same meaning as in Part 2 of the Capital Allowances Act;
- “*residual value*”, in relation to any plant or machinery leased under a long funding operating lease, means—the estimated market value of the plant or machinery on a disposal at the end of the term of the lease,lessthe estimated costs of that disposal.
- (3) Any reference in this Chapter to a sum being written off on a straight line basis over a period of time (the “writing-off period”) is a reference to—
- (a) the sum being apportioned between each of the periods of account in which any part of the writing-off period falls,
- (b) that apportionment being made on a time basis, according to the proportion of the writing-off period that falls in each of the periods of account, and
- (c) the sum being written off accordingly.
- (4) Chapter 6A of Part 2 of the Capital Allowances Act (interpretation of provisions about long funding leases) applies in relation to this Chapter as it applies in relation to that Part.
##### 504A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Eligibility for relief.
#### Transfer of reliefs.
##### 506A
- (1) This section applies to the following transactions—
- (a) the sale or letting of property by a charitable company to a substantial donor,
- (b) the sale or letting of property to a charitable company by a substantial donor,
- (c) the provision of services by a charitable company to a substantial donor,
- (d) the provision of services to a charitable company by a substantial donor,
- (e) an exchange of property between a charitable company and a substantial donor,
- (f) the provision of financial assistance by a charitable company to a substantial donor,
- (g) the provision of financial assistance to a charitable company by a substantial donor, and
- (h) investment by a charitable company in the business of a substantial donor.
- (2) For the purposes of this section a person is a substantial donor to a charitable company in respect of an accounting period if—
- (a) the charitable company receives relievable gifts of at least £25,000 from him in a period of 12 months in which the accounting period wholly or partly falls, or
- (b) the charitable company receives relievable gifts of at least £100,000 from him in a period of six years in which the accounting period wholly or partly falls;
and if a person is a substantial donor to a charitable company in respect of an accounting period by virtue of paragraph (a) or (b), he is a substantial donor to the charitable company in respect of the following five accounting periods.
- (3) A payment made by a charitable company to a substantial donor in the course of or for the purposes of a transaction to which this section applies shall be treated for the purposes of section 505 as non-charitable expenditure.
- (4) If the terms of a transaction to which this section applies are less beneficial to the charitable company than terms which might be expected in a transaction at arm's length, the charitable company shall be treated for the purposes of section 505 as incurring non-charitable expenditure equal to that amount which the Commissioners for Her Majesty's Revenue and Customs determine as the cost to the charitable company of the difference in terms.
- (5) A payment by a charitable company of remuneration to a substantial donor shall be treated for the purposes of section 505 as non-charitable expenditure unless it is remuneration, for services as a trustee, which is approved by—
- (a) the Charity Commission,
- (b) another body with responsibility for regulating charities by virtue of legislation having effect in respect of any Part of the United Kingdom, or
- (c) a court.
##### 506B
- (1) Section 506A shall not apply to a transaction within section 506A(1)(b) or (d) if the Commissioners for Her Majesty's Revenue and Customs determine that the transaction—
- (a) takes place in the course of a business carried on by the substantial donor,
- (b) is on terms which are no less beneficial to the charitable company than those which might be expected in a transaction at arm's length, and
- (c) is not part of an arrangement for the avoidance of any tax.
- (2) Section 506A shall not apply to the provision of services to a substantial donor if the Commissioners determine that the services are provided—
- (a) in the course of the actual carrying out of a primary purpose of the charitable company, and
- (b) on terms which are no more beneficial to the substantial donor than those on which services are provided to others.
- (3) Section 506A shall not apply to the provision of financial assistance to a charitable company by a substantial donor if the Commissioners determine that the assistance—
- (a) is on terms which are no less beneficial to the charitable company than those which might be expected in a transaction at arm's length, and
- (b) is not part of an arrangement for the avoidance of any tax.
- (4) Section 506A shall not apply to investment by a charitable company in the business of a substantial donor where the investment takes the form of the purchase of shares or securities listed on a recognised stock exchange.
- (5) A disposal at an undervalue in respect of which relief is available under section 587B of this Act or section 431 of ITA 2007 (gifts of shares, securities and real property to charities etc) shall not be a transaction to which section 506A applies (but may be taken into account in the application of section 506A(2)).
- (6) A disposal at an undervalue to which section 257(2) of the 1992 Act (gifts of chargeable assets) applies shall not be a transaction to which section 506A applies (but may be taken into account in the application of section 506A(2)).
- (7) In the application of section 506A payments by a charitable company, or benefits arising to a substantial donor from a transaction, shall be disregarded in so far as they relate to a donation by the donor, and—
- (a) if the donation is made by a company, the payments or benefits do not prevent the donation being a qualifying donation for the purposes of section 339 because of subsection (3B)(b) of that section (restrictions on associated benefits), or
- (b) if the donation is made by an individual, the payments or benefits do not prevent the donation being a qualifying donation for the purposes of section 416 of ITA 2007 because of subsection (7)(b) of that section (restrictions on associated benefits).
- (8) A company which is wholly owned by a charity within the meaning of section 339(7AB) shall not be treated as a substantial donor in relation to a charitable company which owns it (or any part of it).
- (9) A registered social landlord or housing association shall not be treated as a substantial donor in relation to a charitable company with which it is connected; and for that purpose—
- (a) “*registered social landlord or housing association*” means a body entered on a register maintained under—
- (i) section 1 of the Housing Act 1996,
- (ii) section 57 of the Housing (Scotland) Act 2001, or
- (iii) Article 14 of the Housing (Northern Ireland) Order 1992, and
- (b) a body and a charitable company are connected if (and only if)—
- (i) the one is wholly owned, or subject to control, by the other, or
- (ii) both are wholly owned, or subject to control, by the same person.
##### 506C
- (1) A gift is “*relievable*” for the purposes of section 506A(2) if relief is available in respect of it under—
- (a) section 83A,
- (b) section 339,
- (c) sections 587B and 587C,
- (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (e) section 257 of the 1992 Act (gifts of chargeable assets),
- (f) section 63 of the Capital Allowances Act (gifts of plant and machinery),
- (g) sections 713 to 715 of ITEPA 2003 (payroll giving),
- (h) section 108 of ITTOIA 2005 (gifts of trading stock), . . .
- (i) sections 628 and 630 of ITTOIA 2005 (gifts from settlor-interested trusts), or
- (j) Chapters 2 and 3 of Part 8 of ITA 2007 (gift aid and gifts of shares, securities and real property).
- (2) A charitable company is treated as incurring expenditure in accordance with section 506A(4) at such time (or times) as the Commissioners determine.
- (3) Section 506A applies to a transaction entered into in an accounting period with a person who is a substantial donor in respect of that period, even if it was not until after the transaction was entered into that he first satisfied the definition of “substantial donor” in respect of that period.
- (4) Either or both of subsections (3) and (4) of section 506A may be applied to a single transaction; but any amount of non-charitable expenditure which a charitable company is treated as incurring under section 506A(3) in respect of a transaction shall be deducted from any amount which it would otherwise be treated as incurring under section 506A(4) in respect of the transaction.
- (5) A charitable company and any other charities with which it is connected are to be treated as a single charitable company for the purposes of section 506A and 506B and this section; and for this purpose “*connected*” means connected in a matter relating to the structure, administration or control of a charity.
- (6) Where remuneration is paid otherwise than in money, section 506A(5) shall apply as to a payment in money of the amount that would, under Part 3 of ITEPA 2003, be the cash equivalent of the remuneration as a benefit.
- (7) In sections 506A and 506B and this section—
- (a) a reference to a substantial donor or other person includes a reference to a person connected with him within the meaning of section 839,
- (b) “*financial assistance*” includes, in particular—
- (i) the provision of a loan, guarantee or indemnity, and
- (ii) entering into alternative finance arrangements within the meaning of section 46 of the Finance Act 2005, and
- (c) a reference to a gift of a specified amount includes a reference to a non-monetary gift of that value.
- (8) On an appeal against an assessment the Special Commissioners may review a decision of the Commissioners in connection with section 506A.
- (9) The Treasury may by regulations vary a sum, or a period of time, specified in section 506A(2).
#### Eligibility for relief.
##### 508A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 508B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 510A
- (1) In this section “*grouping*” means a European Economic Interest Grouping formed in pursuance of Council Regulation [(EEC) No. 2137/85](https://www.legislation.gov.uk/european/regulation/1985/2137) of 25th July 1985, whether registered in Great Britain, in Northern Ireland, or elsewhere.
- (2) Subject to the following provisions of this section, for the purposes of charging corporation tax a grouping shall be regarded as acting as the agent of its members.
- (3) In accordance with subsection (2) above—
- (a) for the purposes mentioned in that subsection the activities of the grouping shall be regarded as those of its members acting jointly and each member shall be regarded as having a share of its property, rights and liabilities; . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
but paragraph (a) above is subject to subsection (6A) below.
- (4) Subject to subsection (5) below, for the purposes of this section a member’s share of any property, rights or liabilities of a grouping shall be determined in accordance with the contract under which the grouping is established.
- (5) Where the contract does not make provision as to the shares of members in the property, rights or liabilities in question a member’s share shall be determined by reference to the share of the profits of the grouping to which he is entitled under the contract (and if the contract makes no provision as to that, the members shall be regarded as having equal shares).
- (6) . . . Where any trade or profession is carried on by a grouping it shall be regarded for the purposes of charging corporation tax as carried on in partnership by the members of the grouping.
- (6A) Chapter 2 of Part 4 of the Finance Act 1996 (loan relationships) shall have effect in relation to a grouping as it has effect in relation to a partnership (see in particular section 87A of, and paragraphs 19 and 20 of Schedule 9 to, that Act).
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 519A
- (1) A health service body shall be exempt from corporation tax.
- (2) In this section “*health service body*” means—
- (a) a Strategic Health Authority established under section 13 of the National Health Service Act 2006. . . . . . ;
- (aa) a Special Health Authority established under section 28 of that Act or section 22 of the National Health Service (Wales) Act 2006;
- (ab) a Primary Care Trust;
- (aba) a Local Health Board;
- (b) a National Health Service trust established under section 25 of the National Health Service Act 2006 or section 18 of the National Health Service (Wales) Act 2006;
- (bb) an NHS foundation trust
- (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (d) a Health Board or Special Health Board, the Common Services Agency for the Scottish Health Service and a National Health Service trust respectively constituted under sections 2, 10 and 12A of the National Health Service (Scotland) Act 1978;
- (e) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (f) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (g) the Scottish Dental Practice Board; . . .
- (h) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (i) a Health and Social Services Board and the Northern Ireland Central Services Agency for the Health and Social Services established under Articles 16 and 26 respectively of the Health and Personal Social Services (Northern Ireland) Order 1972;
- (j) a special health and social services agency established under the Health and Personal Social Services (Special Agencies) (Northern Ireland) Order 1990; and
- (k) a Health and Social Services trust established under the Health and Personal Social Services (Northern Ireland) Order 1991.
- (3) The Treasury may by order disapply subsection (1) in relation to a specified activity, or class of activity, of an NHS foundation trust.
- (4) An order under subsection (3) shall make provision for determining the amount of the profits relating to an activity that are to be charged to corporation tax as a result of the disapplication of subsection (1).
- (5) An order under subsection (3) may, in particular—
- (a) make provision for disregarding profits of less than a specified amount in respect of a financial year or accounting period or a specified part of a financial year or accounting period;
- (b) make provision for disregarding a specified part of profits in respect of a financial year or accounting period or a specified part of a financial year or accounting period;
- (c) make provision for disregarding all or part of profits relating to activity in respect of which receipts or turnover (as defined by the order) are less than a specified amount in respect of a financial year or accounting period or a specified part of a financial year or accounting period.
- (6) An order under subsection (3)—
- (a) may apply, with or without modification, a provision of the Tax Acts,
- (b) may disapply a provision of the Tax Acts,
- (c) may make provision similar to a provision of the Tax Acts, and
- (d) may make provision generally or in relation to a specified body or class of bodies.
- (7) The Treasury may make an order under subsection (3) only—
- (a) in relation to an activity or class of activity that appears to the Treasury to be of a commercial nature,
- (b) where it appears to the Treasury to be expedient for the purpose of avoiding, removing or reducing differences between—
- (i) the fiscal treatment of the body undertaking the activity, and
- (ii) the fiscal treatment of another body or class of body which is of a commercial nature and which undertakes or might undertake the same or a similar activity, and
- (c) if a draft has been laid before, and approved by resolution of, the House of Commons.
- (8) An activity authorised under section 43(1) of the National Health Service Act 2006 shall not be treated as an activity of a commercial nature for the purposes of subsection (7)(a).
#### Transfer of relief under section 257A where relief exceeds income or 257AB.
#### Form of relief.
#### Indexation of amounts in sections 257 , 257A and 257AB.
#### Life assurance premiums paid by employer
#### Company reconstructions without a change of ownership.
### Designs
##### 537A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 537B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Aggregation of wife’s income with husband’s.
##### 539ZA
- (1) This section applies where, for the purposes of determining the application of this Chapter in relation to a policy or contract at any time, it is necessary to have regard to its application at another time.
- (2) It makes no difference to the application of this Chapter at that other time whether liability in respect of a gain arising at that time would have arisen or (as the case may be) would arise because of the application of this Chapter or Chapter 9 of Part 4 of ITTOIA 2005 (which makes provision for income tax purposes corresponding to that made by this Chapter).
- (3) References in this section to this Chapter include references to paragraph 20 of Schedule 15 to this Act and section 79 of the Finance Act 1997 (payments under certain life insurance policies).
##### 539A
- (1) The conditions mentioned in section 539(2)(f) (excepted group life policies) are those set out in the following provisions of this section.
- (2) Condition 1 is that under the terms of the policy a sum or other benefit of a capital nature is payable or arises on the death of each of the individuals insured under the policy who dies without attaining an age which is specified in the policy and is not greater than 75 years.
In determining whether this condition is satisfied, disregard any terms of the policy which exclude from benefit the death of a person in specified circumstances, if the exclusion applies in relation to death in those circumstances in the case of each of the individuals insured under the policy.
- (3) Condition 2 is that under the terms of the policy—
- (a) the same method is to be used for calculating the sums or other benefits of a capital nature payable or arising on each death, and
- (b) if there is any limitation on those sums or other benefits, the limitation is the same in the case of any death.
- (4) Condition 3 is that the policy does not have, and is not capable of having, on any day—
- (a) a surrender value that exceeds the proportion of the premiums paid which, on a time apportionment, is referable to the unexpired paid-up period beginning with that day, or
- (b) if there is no such period, any surrender value.
For the purposes of this subsection the unexpired paid-up period beginning with any day is the period (if any) which—
- (i) begins with that day, and
- (ii) ends with the earliest subsequent day on which—
- (a) a payment of premium falls due under the policy, or
- (b) the term of the policy ends.
- (5) Condition 4 is that no sums or other benefits may be paid or conferred under the policy, except as mentioned in condition 1 or condition 3.
- (6) Condition 5 is that any sums payable or other benefits arising under the policy must (whether directly or indirectly) be paid to or for, or conferred on, or applied at the direction of—
- (a) an individual or charity beneficially entitled to them, or
- (b) a trustee or other person acting in a fiduciary capacity who will secure that the sums or other benefits are paid to or for, or conferred on, or applied in favour of, an individual or charity beneficially.
In this subsection “*charity*” means any body of persons or trust established for charitable purposes only.
- (7) Condition 6 is that no person—
- (a) who is an individual whose life is insured under the policy, or
- (b) who is, within the meaning of section 839, connected with an individual whose life is so insured,
may, by virtue of a group membership right relating to that individual, receive (directly or indirectly) any death benefit in respect of another group member.
In this subsection—
- (i) “*group membership right*”, in relation to an individual, means any right (including the right of any person to be considered by trustees in their exercise of a discretion) that is referable to that individual’s being one of the individuals whose lives are insured by the policy; and
- (ii) “*death benefit in respect of another group member*” means—
- (a) any sums or other benefits payable or arising under the policy on the death of any other of those individuals, or
- (b) anything representing any such sums or benefits.
- (8) Condition 7 is that a tax avoidance purpose is not the main purpose, or one of the main purposes, for which a person is at any time—
- (a) the holder, or one of the holders, of the policy, or
- (b) the person, or one of the persons, beneficially entitled under the policy.
In this subsection—
- (i) “*tax avoidance purpose*” means any purpose that consists in securing a tax advantage (whether for the holder of the policy or any other person); and
- (ii) “*tax advantage*” has the meaning given by section 840ZA.
#### Transfers of trade to obtain balancing allowances
##### 546A
- (1) This section applies in any case where—
- (a) as a result of any transaction (the “*material transaction*”) the whole or part of or a share in the rights conferred by a policy or contract (“*the material interest*”) becomes beneficially owned by one person or by two or more persons jointly or in common (“*the new ownership*”);
- (b) immediately before the material transaction, the material interest was in the beneficial ownership of one person or of two or more persons jointly (“*the old ownership*”); and
- (c) at least one person who is a member of the old ownership is also a member of the new ownership.
- (2) In any such case, the material transaction shall, in accordance with the following provisions of this section, be taken for the purposes of this Chapter (other than this section) to be one or more assignments, of part only of the rights conferred by the policy or contract.
- (3) For the purposes of this Chapter (other than this section), the members of the old ownership shall be treated—
- (a) where the old ownership consists of two or more persons beneficially entitled jointly, as if the material interest had been in their beneficial ownership in equal shares instead of jointly;
- (b) where the new ownership consists of two or more persons beneficially entitled jointly, as if the result of the material transaction had been that the material interest was in the beneficial ownership of those persons in equal shares instead of jointly; and
- (c) as if the material transaction had been the assignment by each member of the old ownership of so much (if any) of his old share as exceeds his new share (or, if he does not have a new share, the whole of his old share).
- (4) In this section—
- “*new share*”, in relation to the material interest and a person who is a member of the new ownership, means—if there is only one member of the new ownership, the material interest;if there are two or more members of the new ownership beneficially entitled to the material interest in common, the member’s share in the material interest; orif there are two or more members of the new ownership beneficially entitled to the material interest jointly, the share attributed to the member by subsection (3)(b) above;
- “*old share*”, in relation to the material interest and a person who is a member of the old ownership, means—if there is only one member of the old ownership, the material interest; orif there are two or more members of the old ownership, the share attributed to the member by subsection (3)(a) above.
##### 546B
- (1) This section applies in relation to a policy or contract in any case where—
- (a) a section 546 excess occurs at the end of any year (including the final year, whether or not ending with a terminal chargeable event); and
- (b) the condition in subsection (2) below is satisfied in relation to that year.
This subsection is subject to subsection (1A) below.
- (1A) In the case of a policy which is a qualifying policy (whether or not the premiums under the policy are eligible for relief under section 266) this section applies only if—
- (a) the section 546 excess occurs within the time described in section 540(1)(b)(i); or
- (b) the policy has been converted into a paid-up policy within that time.
- (2) The condition is that—
- (a) during the year there has been an assignment for money or money’s worth of part of or a share in the rights conferred by the policy or contract; or
- (b) during the year there has been both—
- (i) an assignment, otherwise than for money or money’s worth, of the whole or part of or a share in the rights conferred by the policy or contract; and
- (ii) an earlier surrender of part of or a share in the rights conferred by the policy or contract.
- (3) Where this section applies—
- (a) the occurrence of the section 546 excess shall be treated for the purposes of this Chapter as not being a chargeable event; but
- (b) the amount of the section 546 excess shall be charged to tax in accordance with the provisions of section 546C.
- (4) In this section—
- “*final year*” has the meaning given by section 546(4);
- “*section 546 excess*”, in relation to any year, means an excess, occurring at the end of the year, of—the reckonable aggregate value mentioned in subsection (2) of section 546, overthe allowable aggregate amount mentoned in subsection (3) of that section;
- “*terminal chargeable event*” means any chargeable event other than—
- (a) an assignment for money or money’s worth of the whole of the rights conferred by the policy or contract;
- (b) the occurrence of a section 546 excess; or
- (c) a chargeable event by virtue of section 546C(7)(a);
##### 546C
- (1) This section applies where, in relation to any policy or contract, the amount of a section 546 excess occurring at the end of any year falls to be charged to tax in accordance with this section by virtue of section 546B(3)(b).
- (2) The following amounts shall be calculated as at the end of that year—
- (a) the aggregate of the values calculated under section 546(1)(a) in respect of any part of or share in the rights conferred by the policy or contract which has been assigned for money or money’s worth, or surrendered, during the year;
- (b) the amount by which—
- (i) the reckonable aggregate value mentioned in section 546(2), as at the end of the year, exceeds
- (ii) the aggregate calculated under paragraph (a) above;
and
- (c) the amount by which—
- (i) the allowable aggregate amount mentioned in section 546(3), as at the end of the year, exceeds
- (ii) the amount calculated under paragraph (b) above.
- (3) In this section—
- (a) “*relevant transaction*” means any assignment for money or money’s worth, or any surrender, of a part of or share in the rights conferred by the policy or contract which has happened during the year;
- (b) “*transaction value*”, in relation to any relevant transaction, means the value calculated in accordance with section 546(1)(a) in the case of that transaction;
- (c) “*the amount of available premium*” means—
- (i) in relation to the earliest relevant transaction, the amount calculated under subsection (2)(c) above (that amount being taken to be nil if there is no such excess as is there mentioned); and
- (ii) in relation to each successive relevant transaction, that amount as successively reduced under subsections (5) to (7) below.
- (4) Subsection (5) below shall apply successively to each of the relevant transactions that happened in the year, in the order in which they happened.
If the year is the final year and ends with a terminal chargeable event, this subsection is subject to section 546D.
- (5) Where this subsection applies in relation to a relevant transaction—
- (a) the transaction value shall be compared to the amount of available premium; and
- (b) if the amount of available premium exceeds or is equal to the transaction value, subsection (6) below shall apply in relation to the transaction; but
- (c) if the transaction value exceeds the amount of available premium, subsection (7) below shall apply in relation to the transaction.
- (6) Where this subsection applies in relation to a relevant transaction—
- (a) the amount of available premium shall be reduced (or further reduced) by the transaction value; and
- (b) that reduction shall have effect in relation to the next subsequent relevant transaction.
- (7) Where this subsection applies in relation to a relevant transaction—
- (a) the relevant transaction shall for the purposes of this Chapter be a chargeable event in relation to the policy or contract, except as provided by sections 540(3) and 542(3);
- (b) a gain of an amount equal to that by which the transaction value exceeds the amount of available premium shall be treated for the purposes of this Chapter as arising in connection with the policy or contract on the happening of that chargeable event; and
- (c) in relation to any subsequent relevant transaction, the amount of available premium shall be reduced to nil.
- (8) Where the whole or any part of the amount of any gain treated as arising by subsection (7)(b) above falls to be treated under section 547(1)(b) as forming part of the income of any company for—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) the accounting period in which the chargeable event in question happened,
that . . . accounting period shall be taken to be the one which includes the end of the year as at which the section 546 excess in question occurs, instead of the one (if different) in which the relevant transaction happened.
- (9) Where this section applies in relation to the final year and that year ends with a terminal chargeable event—
- (a) effect shall be given to this section before applying the provisions of this Chapter in relation to the terminal chargeable event; and
- (b) in applying this Chapter in relation to the terminal chargeable event, any chargeable event by virtue of subsection (7)(a) above accordingly falls to be regarded as having occurred before the terminal chargeable event.
- (10) This section shall be construed as one with section 546B.
##### 546D
- (1) This section applies in any case where the year mentioned in section 546C(4) is the final year and that year ends with a terminal chargeable event.
- (2) In any such case there shall be calculated, as at the end of the year, the amount of the gain (“*the gains limit*”) that would have been treated as arising on the happening of the terminal chargeable event, apart from the application of sections 546B and 546C in relation to that year.
- (3) Subsection (5) of section 546C shall apply successively to each of the relevant transactions that happened in the year, in the order in which they happened, unless and until the transaction in question (the “*final transaction*”) is such that the aggregate of—
- (a) its transaction value apart from subsection (4) below, and
- (b) the sum of the transaction values of any relevant transactions to which subsection (5) of that section has previously applied,
exceeds the gains limit.
- (4) If, in the case of the final transaction,—
- (a) the aggregate mentioned in subsection (3) above exceeds the gains limit, but
- (b) the sum mentioned in paragraph (b) of that subsection is less than that limit,
subsection (5) of section 546C shall apply in relation to that transaction, but for the purposes of subsections (5) to (7) of that section its transaction value shall be reduced to an amount equal to the difference between the gains limit and the sum mentioned in paragraph (b) above.
- (5) Except as provided by subsection (4) above, subsection (5) of section 546C shall not apply in relation to the final transaction or any subsequent relevant transaction.
- (6) This section shall be construed as one with sections 546B and 546C.
##### 547A
- (1) If—
- (a) immediately before the happening of a chargeable event, two or more persons have relevant interests in the rights conferred by the policy or contract in question, and
- (b) any of those persons is a company,
section 547 shall have effect in relation to each such company as if it had been the only person with a relevant interest in those rights, but with references to the amount of the gain construed as references to the company's proportionate share of the amount of the gain.
- (2) References in this section to the rights conferred by a policy or contract are, in the case of an assignment or surrender of only a part of or share in any rights, references to that part or share.
- (3) For the purposes of this section, a person has a “relevant interest" in the rights conferred by a policy or contract—
- (a) in the case of an individual, if a share in the rights is vested in him as beneficial owner, or is held on non-charitable trusts created, or as security for a debt owed, by him;
- (b) in the case of a company, if a share in the rights is in the beneficial ownership of the company, or is held on non-charitable trusts created, or as security for a debt owed, by the company;
- (c) in the case of personal representatives, if a share in the rights is vested in them;
- (cc) in the case of trustees of a charitable trust, if a share in the rights is held by them or as security for a debt owed by them;
- (d) in the case of trustees of a non-charitable trust—
- (i) if a share in the rights is held by them, and the person who created the trusts is not resident in the United Kingdom or has died or (in the case of a company or foreign institution) has been dissolved or wound up or has otherwise come to an end;
- (ia) if a share in the rights is held by them which does not also fall within paragraph (a), (b) or (c) above or sub-paragraph (i) above; or
- (ii) if a share in the rights is held as security for a debt owed by them;
- (e) in the case of a foreign institution, if a share in the rights is in the beneficial ownership of the foreign institution, or is held as security for a debt owed by the foreign institution.
- (4) For the purposes of subsection (1) above, a person’s “proportionate share" of the amount of a gain is that share of it which is proportionate to the share of the rights by reference to which he has the relevant interest in question.
- (5) Where, immediately before the happening of a chargeable event, the rights conferred by the policy or contract in question are, or a share in those rights is, held as security for one or more debts owed by two or more persons, this section shall effect in relation to the chargeable event as if—
- (a) each of those persons were instead the sole debtor in respect of a separate debt; and
- (b) the security for that separate debt were the appropriate share of the security for the actual debt or debts (so far as consisting of the rights, or a share in the rights, conferred by the policy or contract);
and for the purposes of paragraph (b) above the appropriate share, in the case of any person, is a share which is proportionate to that share of the actual debt or, as the case may be, the aggregate of the two or more actual debts, for which he is liable as between the debtors.
- (6) Where, immediately before the happening of a chargeable event, the rights conferred by the policy or contract in question are, or a share in those rights is, held on non-charitable trusts created by two or more persons, this section shall have effect in relation to that chargeable event as if—
- (a) each of those persons had instead been the sole settlor in relation to a separate share of the rights or share so held; and
- (b) that separate share were proportionate to the share which originates from him of the whole of the property subject to the trusts immediately before the happening of the chargeable event.
- (7) The reference in subsection (6)(b) above to the share of the property which originates from a person is a reference to the share of the property which consists of—
- (a) property which that person has provided directly or indirectly for the purposes of the trusts;
- (b) property representing property which that person has so provided; and
- (c) so much of any property which represents both property so provided and other property as, on a just apportionment, represents the property so provided.
- (8) References in subsection (7) above to property which a person has provided directly or indirectly—
- (a) include references to property which has been provided directly or indirectly by another in pursuance of reciprocal arrangements with the person, but
- (b) do not include references to property which the person has provided directly or indirectly in pursuance of reciprocal arrangements with another.
- (9) References in subsection (7) above to property which represents other property include references to property which represents accumulated income from that other property.
- (10) Where immediately before the happening of a chargeable event—
- (a) the rights conferred by the policy or contract in question are, or a share in those rights is, held subject to any non-charitable trusts, and
- (b) different shares of the whole of the property subject to those trusts originate (within the meaning of subsection (6)(b) above) from different persons,
the rights or share shall, in relation to that chargeable event, be taken for the purposes of this section to be held on non-charitable trusts created by those persons.
- (11) Where the rights conferred by a policy or contract are, or an interest in any such rights is, in the beneficial ownership of two or more persons jointly, the rights or interest shall be treated for the purposes of this section as if they were in the beneficial ownership of those persons in equal shares.
- (12) A non-fractional interest in the rights conferred by a policy or contract shall be treated for the purposes of this section as if it were instead such a share in those rights as may justly and reasonably be regarded for those purposes as representing the non-fractional interest.
- (13) For the purposes of subsection (12) above, a “non-fractional interest" in the rights conferred by a policy or contract is an interest in some or all of those rights which is not a share in all of those rights (otherwise than by virtue only of subsection (2) above).
- (14) This section applies in a case where the same person has two or more relevant interests in the rights conferred by a policy or contract as it applies in a case where two or more persons have separate relevant interests, unless—
- (a) that person is the only person with a relevant interest in those rights, and
- (b) he has all the relevant interests in the same capacity,
in which case section 547 applies.
- (15) In this section—
- “*foreign institution*” means a person which is a company or other institution resident or domiciled outside the United Kingdom;
- “*personal representatives*” has the same meaning as in Part XVI.
- (16) For the purposes of this section, property held for the purposes of a foreign institution shall be regarded as in the beneficial ownership of the foreign institution.
- (17) Any reference in this section to trusts created by an individual includes a reference to trusts arising under—
- (a) section 11 of the Married Women's Property Act 1882;
- (b) section 2 of the Married Women's Policies of Assurance (Scotland) Act 1880; or
- (c) section 4 of the Law Reform (Husband and Wife) Act (Northern Ireland) 1964;
and references to the settlor or to the person creating the trusts shall be construed accordingly.
##### 548A
- (1) This section applies if—
- (a) a relevant chargeable event occurs in respect of a policy or contract,
- (b) commission in respect of the policy or contract has at any time been rebated or reinvested, and
- (c) condition A or B is met.
- (2) For the purposes of performing the calculation under section 541(1)(b) or (c) or 543(1)(a) or (b) for the chargeable event, the total amount paid under the policy or contract by way of premiums in any period is to be reduced by the total amount of commission attributable to those premiums that has been rebated or reinvested.
- (3) Condition A is that the total amount paid under the policy or contract by way of premiums in a relevant period exceeds £100,000.
- (4) Condition B is that—
- (a) at a time when the policy or contract was the taxable person's, the taxable person's policies and contracts exceeded the relevant threshold as respects a relevant period, and
- (b) payments under the policy or contract by way of premiums were made in that relevant period.
- (5) In subsection (4)(a) “*taxable person*” means the person whose policy or contract the policy or contract is, immediately before the chargeable event.
- (6) For the purposes of subsection (4)(a) a person's policies and contracts “exceed the relevant threshold” as respects a relevant period if the total amount of payments under them by way of premiums in that relevant period exceeds the sum specified in subsection (3).
- (7) In this section “*relevant chargeable event*” means a chargeable event within—
- (a) any of sub-paragraphs (ii) to (iv) of section 540(1)(a) (including those sub-paragraphs as they apply in relation to a qualifying policy),
- (b) section 542(1)(a) or (b), or
- (c) section 545(1)(a) to (c).
- (8) In this section “*relevant period*” means—
- (a) the period beginning with the beginning of the year of assessment in which the chargeable event occurs and ending with the chargeable event, or
- (b) any of the 3 preceding years of assessment.
- (9) References in this section to a premium include, in relation to a contract for a life annuity, lump sum consideration.
- (10) The Treasury may by order—
- (a) substitute another sum for the sum for the time being specified in subsection (3);
- (b) amend the definition of “relevant period”.
#### Transfers of trade to obtain balancing allowances
##### 548B
- (1) This section supplements section 548A.
- (2) “*Commission*”, in relation to a policy or contract, includes any passing of value to or for the benefit of an intermediary, or a person connected with an intermediary, that can reasonably be taken to represent a reward in respect of the policy or contract.
- (3) Commission in respect of a policy or contract is “reinvested” if, as a result of a waiver of an entitlement to it, there is an increase in the total value of a relevant person's policies and contracts.
- (4) The amount of commission reinvested is the amount of the increase.
- (5) Commission in respect of a policy or contract is “rebated” if—
- (a) value passes (directly or indirectly) from an intermediary, or a person connected with an intermediary, to or for the benefit of a relevant person (and the passing of value does not amount to the reinvestment of the commission), and
- (b) the passing of value can reasonably be taken to be in respect of the commission.
- (6) The amount of commission rebated is the amount of value passed.
- (7) A policy or contract is a person's policy or contract if a gain arising in connection with it would be—
- (a) a gain for which the person, or (if the person is an individual) the person's spouse or civil partner, would be liable to tax under Chapter 9 of Part 4 of ITTOIA 2005, or
- (b) treated by virtue of section 547(1) above as forming part of the person's income.
- (8) Any necessary apportionment is to be made (on a just and reasonable basis) as regards—
- (a) commission which is attributable to two or more premiums, and
- (b) any part of such commission that has been rebated or reinvested.
- (9) Commission which is in respect of one or more policies or contracts (but is not attributable to particular premiums) is to be attributed to such premiums as is just and reasonable.
- (10) In subsections (3) and (5), “*relevant person*” means—
- (a) any of the policyholders (including any of the persons who hold the contract),
- (b) a person who beneficially owns the rights under the policy or contract,
- (c) if those rights are held on trust, any of the trustees, or
- (d) a person connected (within the meaning of section 839) with a person within any of paragraphs (a) to (c).
- (11) In subsections (8) and (9), references to a premium include, in relation to a contract for a life annuity, lump sum consideration.
##### 551A
- (1) Where—
- (a) an amount is included in a company’s income by virtue of section 547(1)(b), and
- (b) the rights, or the part or share, in question were held immediately before the happening of the chargeable event on non-charitable trusts,
the company shall be entitled to recover from the trustees, to the extent of any sums, or to the value of any benefits, received by them by reason of the event, the amount (if any) by which T1 exceeds T2.
- (2) For the purposes of subsection (1) above—
- T1 is the tax with which the company is chargeable for the accounting period in question; and
- T2 is the tax with which the company would have been chargeable for the accounting period if the amount mentioned in subsection (1)(a) above had not been included as there mentioned.
- (3) A company may require the Board to certify any amount recoverable by the company by virtue of this section, and the certificate shall be conclusive evidence of the amount.
##### 552ZA
- (1) This section supplements section 552 and shall be construed as one with it.
- (2) Where the obligations under any policy or contract of the body that issued, entered into or effected it (“*the original insurer*”) are at any time the obligations of another body (“*the transferee*”) to whom there has been a transfer of the whole or any part of a business previously carried on by the original insurer, section 552 shall have effect in relation to that time, except where the chargeable event—
- (a) happened before the transfer, and
- (b) in the case of a death or an assignment, is an event of which the notification mentioned in subsection (6) or (7) of that section was given before the transfer,
as if the policy or contract had been issued, entered into or effected by the transferee.
- (3) Where, in consequence of section 546C(7)(a) of this Act and section 514(1) of ITTOIA 2005, paragraph (a) or (b) of section 552(1) requires certificates to be delivered in respect of two or more surrenders, happening in the same year, of part of or a share in the rights conferred by the policy or contract, a single certificate may be delivered under the paragraph in question in respect of all those surrenders (and may treat them as if they together constituted a single surrender) unless between the happening of the first and the happening of the last of them there has been—
- (a) an assignment of part of or a share in the rights conferred by the policy or contract; or
- (b) an assignment, otherwise than for money or money’s worth, of the whole of the rights conferred by the policy or contract.
- (4) Where the appropriate policy holder is two or more persons—
- (a) section 552(1)(a) requires a certificate to be delivered to each of them; but
- (b) nothing in section 552 or this section requires a body to deliver a certificate under subsection (1)(a) of that section to any person whose address has not been provided to the body (or to another body, at a time when the obligations under the policy or contract were obligations of that other body).
- (5) A certificate under section 552(1)(b) or (3)—
- (a) shall be in a form prescribed for the purpose by the Board; and
- (b) shall be delivered by any means prescribed for the purpose by the Board;
and different forms, or different means of delivery, may be prescribed for different cases or different purposes.
- (6) The Board may by regulations make such provision as they think fit for securing that they are able—
- (a) to ascertain whether there has been or is likely to be any contravention of the requirements of section 552 or this section; and
- (b) to verify any certificate under that section.
- (7) Regulations under subsection (6) above may include, in particular, provisions requiring persons to whom premiums under any policy are or have at any time been payable—
- (a) to supply information to the Board; and
- (b) to make available books, documents and other records for inspection on behalf of the Board.
- (8) Regulations under subsection (6) above may—
- (a) make different provision for different cases; and
- (b) contain such supplementary, incidental, consequential or transitional provision as appears to the Board to be appropriate.
##### 552ZB
- (1) The Commissioners for Her Majesty's Revenue and Customs may make regulations—
- (a) requiring relevant persons—
- (i) to provide prescribed information to persons who apply for the issue of qualifying policies or who are, or may be, required to make statements under paragraph B3(2) of Schedule 15;
- (ii) to provide to an officer of Revenue and Customs prescribed information about qualifying policies which have been issued by them or in relation to which they are or have been a relevant transferee;
- (b) making such provision (not falling within paragraph (a)) as the Commissioners think fit for securing that an officer of Revenue and Customs is able—
- (i) to ascertain whether there has been or is likely to be any contravention of the requirements of the regulations or of paragraph B3(2) of Schedule 15;
- (ii) to verify any information provided to an officer of Revenue and Customs as required by the regulations.
- (2) The provision that may be made by virtue of subsection (1)(b) includes, in particular, provision requiring relevant persons to make available books, documents and other records for inspection by or on behalf of an officer of Revenue and Customs.
- (3) The regulations may—
- (a) make different provision for different cases or circumstances, and
- (b) contain incidental, supplementary, consequential, transitional, transitory or saving provision.
- (4) In this section—
- “*prescribed*” means prescribed by the regulations,
- “*qualifying policy*” includes a policy which would be a qualifying policy apart from—paragraph A1(2), B1(2), B2(2) or B3(3) of Schedule 15, orparagraph 17(2)(za) of that Schedule (including as applied by paragraph 18), and
- “*relevant person*” means a person—who issues, or has issued, qualifying policies, orwho is, or has been, a relevant transferee in relation to qualifying policies.
- (5) For the purposes of this section a person (“X”) is at any time a “*relevant transferee*” in relation to a qualifying policy if the obligations under the policy of its issuer are at that time the obligations of X as a result of there having been a transfer to X of the whole or any part of a business previously carried on by the issuer.
##### 552A
- (1) This section has effect for the purpose of securing that, where it applies to an overseas insurer, another person is the overseas insurer’s tax representative.
- (2) In this section “*overseas insurer*” means a person who is not resident in the United Kingdom who carries on a business which consists of or includes the effecting and carrying out of—
- (a) policies of life insurance;
- (b) contracts for life annuities; or
- (c) capital redemption policies.
- (3) This section applies to an overseas insurer—
- (a) if the condition in subsection (4) below is satisfied on the designated day; or
- (b) where that condition is not satisfied on that day, if it has subsequently become satisfied.
- (4) The condition mentioned in subsection (3) above is that—
- (a) there are in force relevant insurances the obligations under which are obligations of the overseas insurer in question or of an overseas insurer connected with him; and
- (b) the total amount or value of the gross premiums paid under those relevant insurances is £1 million or more.
- (5) In this section “*relevant insurance*” means any policy of life insurance, contract for a life annuity or capital redemption policy . . . in the case of which—
- (a) the holder is resident in the United Kingdom;
- (b) the obligations of the insurer are obligations of a person not resident in the United Kingdom; and
- (c) those obligations are not attributable to a branch or agency of that person’s in the United Kingdom.
- (6) Before the expiration of the period of three months following the day on which this section first applies to an overseas insurer, the overseas insurer must nominate to the Board a person to be his tax representative.
- (7) A person shall not be a tax representative unless—
- (a) if he is an individual, he is resident in the United Kingdom and has a fixed place of residence there, or
- (b) if he is not an individual, he has a business establishment in the United Kingdom,
and, in either case, he satisfies such other requirements (if any) as are prescribed in regulations made for the purpose by the Board.
- (8) A person shall not be an overseas insurer’s tax representative unless—
- (a) his nomination by the overseas insurer has been approved by the Board; or
- (b) he has been appointed by the Board.
- (9) The Board may by regulations make provision supplementing this section; and the provision that may be made by any such regulations includes provision with respect to—
- (a) the making of a nomination by an overseas insurer of a person to be his tax representative;
- (b) the information which is to be provided in connection with such a nomination;
- (c) the form in which such a nomination is to be made;
- (d) the powers and duties of the Board in relation to such a nomination;
- (e) the procedure for approving, or refusing to approve, such a nomination, and any time limits applicable to doing so;
- (f) the termination, by the overseas insurer or the Board, of a person’s appointment as a tax representative;
- (g) the appointment by the Board of a person as the tax representative of an overseas insurer (including the circumstances in which such an appointment may be made);
- (h) the nomination by the overseas insurer, or the appointment by the Board, of a person to be the tax representative of an overseas insurer in place of a person ceasing to be his tax representative;
- (j) circumstances in which an overseas insurer to whom this section applies may, with the Board’s agreement, be released (subject to any conditions imposed by the Board) from the requirement that there must be a tax representative;
- (k) appeals to the Special Commissioners against decisions of the Board under this section or regulations under it.
- (10) The provision that may be made by regulations under subsection (9) above also includes provision for or in connection with the making of other arrangements between the Board and an overseas insurer for the purpose of securing the discharge by or on behalf of the overseas insurer of the relevant duties, within the meaning of section 552B.
- (11) Section 839 (connected persons) applies for the purposes of this section.
- (12) In this section—
- “*capital redemption policy*” means a capital redemption policy in relation to which this Chapter and Chapter 9 of Part 4 of ITTOIA 2005 have effect;
- “*contract for a life annuity*” means a contract for a life annuity in relation to which this Chapter and Chapter 9 of Part 4 of ITTOIA 2005 have effect;
- “*the designated day*” means such day as the Board may specify for the purpose in regulations;
- “*policy of life insurance*” means a policy of life insurance in relation to which this Chapter and Chapter 9 of Part 4 of ITTOIA 2005 have effect;
- “*tax representative*” means a tax representative under this section.
##### 552B
- (1) It shall be the duty of an overseas insurer’s tax representative to secure (where appropriate by acting on the overseas insurer’s behalf) that the relevant duties are discharged by or on behalf of the overseas insurer.
- (2) For the purposes of this section “*the relevant duties*” are—
- (a) the duties imposed by section 552,
- (b) the duties imposed by section 552ZA(2), (4) or (5), and
- (c) any duties imposed by regulations made under subsection (6) of section 552ZA by virtue of subsection (7) of that section,
so far as relating to relevant insurances under which the overseas insurer in question has any obligations.
- (3) An overseas insurer’s tax representative shall be personally liable—
- (a) in respect of any failure to secure the discharge of the relevant duties, and
- (b) in respect of anything done for purposes connected with acting on the overseas insurer’s behalf,
as if the relevant duties were imposed jointly and severally on the tax representative and the overseas insurer.
- (4) In the application of this section in relation to any particular tax representative, it is immaterial whether any particular relevant duty arose before or after his appointment.
- (5) This section has effect in relation to relevant duties relating to chargeable events happening on or after the day by which section 552A(6) requires the nomination of the overseas insurer’s first tax representative to be made.
- (5A) In subsection (5) “*chargeable event*” has the same meaning as in section 552 (see subsection (10) of that section).
- (6) Expressions used in this section and in section 552A have the same meaning in this section as they have in that section.
##### 553A
- (1) A policy of life insurance which, immediately before the happening of a chargeable event or a relevant event—
- (a) is an overseas policy, but
- (b) is not a new non-resident policy,
shall, in relation to that event, be treated for the purposes of this Chapter as if it were a new non-resident policy.
- (2) A policy of life insurance which, immediately before the happening of a relevant event—
- (a) is an overseas policy, and
- (b) is a new non-resident policy,
shall, in relation to that event, be taken for the purposes of this Chapter not to be a qualifying policy.
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) In this section—
- “*new non-resident policy*” means a new non-resident policy as defined in paragraph 24 of Schedule 15 (and in subsection (2) above includes a policy treated as such by virtue of subsection (1) above);
- “*overseas policy*” means a policy of life insurance which, by virtue of section 431D(1)(a), forms part of the overseas life assurance business of an insurance company or friendly society;
- “*relevant event*”, in relation to a policy of life insurance, means an event which would be a chargeable event in relation to that policy if the policy were assumed not to be a qualifying policy.
- (5) This section applies in relation to chargeable events and relevant events happening on or after 17th March 1998 in relation to policies of life insurance issued in respect of insurances made on or after that date.
- (6) A policy of life insurance issued in respect of an insurance made before 17th March 1998 shall be treated for the purposes of this section as issued in respect of one made on or after that date if it is varied on or after that date so as to increase the benefits secured or to extend the term of the insurance; and any exercise of rights conferred by the policy shall be regarded for this purpose as a variation.
##### 553B
- (1) A capital redemption policy which immediately before the happening of a chargeable event—
- (a) is an overseas policy, but
- (b) is not a new offshore capital redemption policy,
shall, in relation to that event, be treated for the purposes of this Chapter as if it were a new offshore capital redemption policy.
- (2) In this section—
- “*new offshore capital redemption policy*” has the same meaning as in section 553;
- “*overseas policy*” means a capital redemption policy which, by virtue of section 431D(1), forms part of the overseas life assurance business of an insurance company.
- (3) This section applies in relation to capital redemption policies where the contract is made on or after 23rd March 1999.
##### 553C
- (1) The Treasury may by regulations make provision imposing a yearly charge to corporation tax in relation to personal portfolio bonds (“yearly" being construed for this purpose by reference to years as defined in section 546(4)).
- (2) Subject to any provision to the contrary made by the regulations, any charge to corporation tax under this section is in addition to any other charge to corporation tax under this Chapter.
- (3) The regulations may make provision with respect to or in connection with all or any of the following—
- (a) the method by which the charge to corporation tax, or any relief, allowance or deduction against or in respect of the tax, is to be imposed or given effect;
- (b) the person who is to be liable for the tax;
- (c) the periods for or in respect of which the tax is to be charged;
- (d) the amounts in respect of which, or by reference to which, the tax is to be charged;
- (e) the period or periods by reference to which those amounts are to be determined;
- (f) the rate or rates at which the tax is to be charged;
- (g) any reliefs, allowances or deductions which are to be given or made against or in respect of the tax;
- (h) the administration of the tax.
- (4) The provision that may be made by the regulations includes provision for imposing the charge to corporation tax by a method which involves—
- (a) treating an event described in the regulations as if it were a chargeable event;
- (b) treating an amount determined in accordance with the regulations as if it were a gain treated as arising on the happening of a chargeable event; or
- (c) deeming an amount determined in accordance with the regulations to be income of a company; . . .
- (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5) The provision that may be made in the regulations includes provision for the amount or amounts in respect of which, or by reference to which, the tax is to be charged for periods beginning after the coming into force of the regulations to be determined in whole or in part by reference to periods beginning or ending, premiums paid, or events happening, before, on or after the day on which the Finance Act 1998 is passed.
- (6) The regulations may make provision excluding, or applying (with or without modification), other provisions of this Chapter in relation to policies or contracts which are also personal portfolio bonds.
- (7) In this section, “*personal portfolio bond*” means a policy of life insurance, contract for a life annuity or capital redemption policy under whose terms—
- (a) some or all of the benefits are determined by reference to the value of, or the income from, property of any description (whether or not specified in the policy or contract) or fluctuations in, or in an index of, the value of property of any description (whether or not so specified); and
- (b) some or all of the property, or such an index, may be selected by, or by a person acting on behalf of, the holder of the policy or contract or a person connected with him (or the holder of the policy or contract and a person connected with him);
but a policy or contract is not a personal portfolio bond if the only property or index which may be so selected is of a description prescribed for this purpose in the regulations.
- (8) The regulations may prescribe additional conditions which must be satisfied if a policy or contract is to be a personal portfolio bond.
- (9) The regulations—
- (a) may make different provision for different cases, different circumstances or different periods; and
- (b) may make incidental, consequential, supplemental or transitional provision.
- (9A) The Treasury may by regulations make provision, in relation to any policy or contract to which this subsection applies, for—
- (a) treating an event described in the regulations as if it were a chargeable event, and
- (b) treating an amount determined in accordance with the regulations as if it were a gain treated as arising on the happening of a chargeable event.
- (9B) Regulations under subsection (9A) may make such provision for the purposes only of enabling the gain to be taken into account in the application of this Chapter to the policy or contract on the later happening of a chargeable event.
- (9C) Regulations under subsection (9A) may make any provision for the calculation of the amount of the gain which regulations under subsection (1) may make for the calculation of the amount charged to corporation tax by virtue of regulations under that subsection.
- (9D) Subsections (6), (8) and (9) apply to regulations under subsection (9A).
- (9E) Subsection (9A) applies to a policy or contract if—
- (a) it is a personal portfolio bond, and
- (b) liability in respect of a gain arising in relation to it would arise by virtue of any of sections 464 to 468 of ITTOIA 2005 (persons liable for tax under Chapter 9 of Part 4 of that Act).
- (10) In this section, “holder", in the case of a policy or contract held by two or more persons, includes a reference to any of those persons.
- (11) Section 839 (connected persons) applies for the purposes of this section.
##### 559A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Substitution of security: supplemental.
### Chapter 5A — Share loss relief
### Relief for losses on unquoted shares in trading companies
##### 576A
- (1) For the purposes of this Chapter a qualifying trading company is a company which meets each of conditions A to D.
- (2) Condition A is that the company either—
- (a) meets each of the following requirements on the date of the disposal—
- (i) the trading requirement (see section 576B),
- (ii) the control and independence requirement (see section 576D),
- (iii) the qualifying subsidiaries requirement (see section 576E), and
- (iv) the property managing subsidiaries requirement (see section 576F), or
- (b) has ceased to meet any of those requirements at a time which is not more than 3 years before that date and has not since that time been an excluded company, an investment company or a trading company.
- (3) Condition B is that the company either—
- (a) has met each of the requirements mentioned in condition A for a continuous period of 6 years ending on that date or at that time, or
- (b) has met each of those requirements for a shorter continuous period ending on that date or at that time and has not before the beginning of that period been an excluded company, an investment company or a trading company.
- (4) Condition C is that the company—
- (a) met the gross assets requirement (see section 576G) both immediately before and immediately after the issue of the shares in respect of which the relief is claimed under this Chapter, and
- (b) met the unquoted status requirement (see section 576H) at the relevant time within the meaning of that section.
- (5) Condition D is that the company has carried on its business wholly or mainly in the United Kingdom throughout the period—
- (a) beginning with the incorporation of the company or, if later, 12 months before the shares in question were issued, and
- (b) ending with the date of the disposal.
### Qualifying trading companies: the requirements
##### 576B
- (1) The trading requirement is that—
- (a) the company, disregarding any incidental purposes, exists wholly for the purpose of carrying on one or more qualifying trades, or
- (b) the company is a parent company and the business of the group does not consist wholly or as to a substantial part in the carrying on of non-qualifying activities.
- (2) If the company intends that one or more other companies should become its qualifying subsidiaries with a view to their carrying on one or more qualifying trades—
- (a) the company is treated as a parent company for the purposes of subsection (1)(b), and
- (b) the reference in subsection (1)(b) to the group includes the company and any existing or future company that will be its qualifying subsidiary after the intention in question is carried into effect.
This subsection does not apply at any time after the abandonment of that intention.
- (3) For the purpose of subsection (1)(b) the business of the group means what would be the business of the group if the activities of the group companies taken together were regarded as one business.
- (4) For the purpose of determining the business of a group, activities are disregarded to the extent that they are activities carried on by a mainly trading subsidiary otherwise than for its main purpose.
- (5) For the purposes of determining the business of a group, activities of a group company are disregarded to the extent that they consist in—
- (a) the holding of shares in or securities of a qualifying subsidiary of the parent company,
- (b) the making of loans to another group company,
- (c) the holding and managing of property used by a group company for the purpose of one or more qualifying trades carried on by a group company, or
- (d) the holding and managing of property used by a group company for the purpose of research and development from which it is intended—
- (i) that a qualifying trade to be carried on by a group company will be derived, or
- (ii) that a qualifying trade carried on or to be carried on by a group company will benefit.
- (6) Any reference in subsection (5)(d)(i) or (ii) to a group company includes a reference to any existing or future company which will be a group company at any future time.
- (7) In this section—
- “*excluded activities*” has the meaning given by section 192 of ITA 2007 read with sections 193 to 199 of that Act,
- “*group*” means a parent company and all its qualifying subsidiaries,
- “*group company*”, in relation to a group, means the parent company or any of its qualifying subsidiaries,
- “*incidental purposes*” means purposes having no significant effect (other than in relation to incidental matters) on the extent of the activities of the company in question,
- “*mainly trading subsidiary*” means a subsidiary which, apart from incidental purposes, exists wholly for the purpose of carrying on one or more qualifying trades, and any reference to the main purpose of such a subsidiary is to be read accordingly,
- “*non-qualifying activities*” means—excluded activities, andactivities (other than research and development) carried on otherwise than in the course of a trade,
- “*parent company*” means a company that has one or more qualifying subsidiaries,
- “*qualifying subsidiary*” is to be read in accordance with section 191 of ITA 2007,
- “*qualifying trade*” has the meaning given by section 189 of that Act,
- “*research and development*” has the meaning given by section 837A.
- (8) In sections 189(1)(b) and 194(4)(c) of ITA 2007 (as applied by subsection (7) for the purposes of the definitions of “excluded activities” and “qualifying trade”) “*period B*” means the continuous period that is relevant for the purposes of section 576A(3).
- (9) In section 195 of ITA 2007 as applied by subsection (7) for the purposes mentioned in subsection (8), references to the issuing company are to be read as references to the company mentioned in subsection (1).
#### Loan to buy machinery or plant.
##### 576C
- (1) A company is not regarded as ceasing to meet the trading requirement by reason only of anything done in consequence of the company or any of its subsidiaries being in administration or receivership.
This has effect subject to subsections (2) and (3).
- (2) Subsection (1) applies only if—
- (a) the entry into administration or receivership, and
- (b) everything done as a result of the company concerned being in administration or receivership,
is for genuine commercial reasons, and is not part of a scheme or arrangement the main purpose or one of the main purposes of which is the avoidance of tax.
- (3) A company ceases to meet the trading requirement if before the time that is relevant for the purposes of section 576A(2)—
- (a) a resolution is passed, or an order is made, for the winding up of the company or any of its subsidiaries (or, in the case of a winding up otherwise than under the Insolvency Act 1986 or the Insolvency (Northern Ireland) Order 1989, any other act is done for the like purpose), or
- (b) the company or any of its subsidiaries is dissolved without winding up.
This is subject to subsection (4).
- (4) Subsection (3) does not apply if —
- (a) the winding up is for genuine commercial reasons, and is not part of a scheme or arrangement the main purpose or one of the main purposes of which is the avoidance of tax, and
- (b) the company continues, during the winding up, to be a trading company.
- (5) References in this section to a company being “in administration” or “in receivership” are to be read in accordance with section 252 of ITA 2007.
##### 576D
- (1) The control element of the requirement is that—
- (a) the company must not control (whether on its own or together with any person connected with it) any company which is not a qualifying subsidiary of the company, and
- (b) no arrangements must be in existence by virtue of which the company could fail to meet paragraph (a) (whether at a time during the continuous period that is relevant for the purposes of section 576A(3) or otherwise).
- (2) The independence element of the requirement is that—
- (a) the company must not—
- (i) be a 51% subsidiary of another company, or
- (ii) be under the control of another company (or of another company and any other person connected with that other company), without being a 51% subsidiary of that other company, and
- (b) no arrangements must be in existence by virtue of which the company could fail to meet paragraph (a) (whether at a time during the continuous period that is relevant for the purposes of section 576A(3) or otherwise).
- (3) This section is subject to section 576J(3).
- (3A) Section 839 (connected persons) applies for the purposes of this section.
- (4) In this section—
- “*arrangements*” includes any scheme, agreement or understanding, whether or not legally enforceable,
- “control” is to be read as follows—in subsection (1)(a), in accordance with section 416(2) to (6),in subsection (2)(a), in accordance with section 840,
- “*qualifying subsidiary*” is to be read in accordance with section 191 of ITA 2007.
#### Relevant loan interest.
##### 576E
- (1) The qualifying subsidiaries requirement is that any subsidiary that the company has must be a qualifying subsidiary of the company.
- (2) In this section “*qualifying subsidiary*” is to be read in accordance with section 191 of ITA 2007.
##### 576F
- (1) The property managing subsidiaries requirement is that any property managing subsidiary that the company has must be a qualifying 90% subsidiary of the company.
- (2) In this section—
- “*property managing subsidiary*” has the meaning given by section 188(2) of ITA 2007,
- “*qualifying 90% subsidiary*” has the meaning given by section 190 of that Act.
##### 576G
- (1) The gross assets requirement in the case of a single company is that the value of the company's gross assets—
- (a) must not exceed £7 million immediately before the shares in respect of which the relief is claimed under this Chapter are issued, and
- (b) must not exceed £8 million immediately afterwards.
- (2) The gross assets requirement in the case of a parent company is that the value of the group assets—
- (a) must not exceed £7 million immediately before the shares in respect of which the relief is claimed under this Chapter are issued, and
- (b) must not exceed £8 million immediately afterwards.
- (3) The value of the group assets means the aggregate of the values of the gross assets of each of the members of the group, disregarding any that consist in rights against, or shares in or securities of, another member of the group.
- (4) In this section—
- “*group*” means a parent company and its qualifying subsidiaries,
- “*parent company*” means a company that has one or more qualifying subsidiaries,
- “*qualifying subsidiary*” is to be read in accordance with section 191 of ITA 2007, and
- “*single company*” means a company that does not have one or more qualifying subsidiaries.
##### 576H
- (1) The unquoted status requirement is that, at the time (“*the relevant time*”) at which the shares in respect of which the relief is claimed under this Chapter are issued—
- (a) the company must be an unquoted company,
- (b) there must be no arrangements in existence for the company to cease to be an unquoted company, and
- (c) there must be no arrangements in existence for the company to become a subsidiary of another company (“the new company”) by virtue of an exchange of shares, or shares and securities, if—
- (i) section 576J applies in relation to the exchange, and
- (ii) arrangements have been made with a view to the new company ceasing to be an unquoted company.
- (2) The arrangements referred to in subsection (1)(b) and (c)(ii) do not include arrangements in consequence of which any shares, stocks, debentures or other securities of the company or the new company are at any subsequent time—
- (a) listed on a stock exchange that is a recognised stock exchange by virtue of an order made under section 1005(1)(b) of ITA 2007, or
- (b) listed on an exchange, or dealt in by any means, designated by an order made for the purposes of section 184(3)(b) or (c) of that Act,
if the order was made after the relevant time.
- (3) In this section—
- “*arrangements*” includes any scheme, agreement or understanding, whether or not legally enforceable,
- “*debenture*” has the meaning given by section 744 of the Companies Act 1985,
- “*unquoted company*” has the meaning given by section 184(2) of ITA 2007.
@@ -32300,7 +32300,7 @@
- (5) For the purposes of the definition of “trading group” in subsection (1), any trade carried on by a subsidiary which is an excluded company is treated as not constituting a trade.
#### Interest ceasing to be relevant loan interest, etc.
#### Interest which never has been relevant loan interest etc.
##### 577A
@@ -32734,7 +32734,7 @@
- (5) Any reference in . . . section 589A to an employee being employed by an employer is a reference to the employee holding office or employment under the employer.
#### Losses other than terminal losses.
#### Losses from overseas property business.
##### 590A
@@ -32852,7 +32852,7 @@
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Write-off of government investment.
#### Dealings in commodity futures etc: withdrawal of loss relief.
#### Computation of gross profits.
@@ -32996,9 +32996,9 @@
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Election that assets not be foreign business assets
#### Company carrying on life assurance business and other insurance business
#### Interpretative provisions relating to insurance companies.
#### Company carrying on life assurance business
##### 682A
@@ -33056,7 +33056,7 @@
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Apportionment of asset value increase where line 51 amount decreases
#### Section 432B apportionment: non-participating funds
##### 686E
@@ -33186,7 +33186,7 @@
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Section 432B apportionment: participating funds.
#### Section 432B apportionment: value of non-participating funds.
#### Section 432B apportionment: supplementary provisions.
@@ -33244,7 +33244,7 @@
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Reduced loss relief for additions to non-profit funds
#### Computation of losses and limitation on relief.
##### 726A
@@ -33254,7 +33254,7 @@
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Sections 434AZA and 434AZB: supplementary
#### Additions to non-profit funds: amount of loss reduction
##### 730A
@@ -33278,7 +33278,7 @@
Schedule 23A to this Act shall have effect in relation to certain cases where under a contract or other arrangements for the transfer of shares or other securities a person is required to pay to the other party an amount representative of a dividend or payment of interest on the securities.
#### Modifications for change of tax basis
#### Modifications where tax charged under Case I of Schedule D.
##### 736B
@@ -33452,7 +33452,7 @@
- “*transfer*” means a transfer otherwise than by way of sale.
#### Transfers of business: election for transferee to pay tax of transferor
#### Retained assets
##### 737A
@@ -33492,7 +33492,7 @@
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Transfers of business: transferor shares are assets of transferee's long-term insurance fund etc
#### Transfer schemes transferring part of business: reduction in income of transferee
##### 747A
@@ -33744,7 +33744,7 @@
- (5) In subsection (4) “*the relevant amount*” means the amount (if any) by which it is just and reasonable that the chargeable profits should be treated as reduced, having regard to the effect of Parts 3 and 4 of Schedule 15 to FA 2009 on amounts brought into account for the purposes of corporation tax by the payer, or any other company.
#### Taxation in respect of other business: incorporated friendly societies etc.
#### Taxation in respect of other business: incorporated friendly societies qualifying for exemption.
##### 751AB
@@ -33842,1722 +33842,1722 @@
and paragraph 12G of that Schedule (gross income) applies for the purposes of this section as it applies for the purposes of Part 2A of that Schedule (with references to C read as references to the controlled foreign company).
#### Transfers of other business
##### 751AC
- (1) This section applies if—
- (a) an exempt period in relation to a controlled foreign company ends in accordance with paragraph 15F(2) of Schedule 25 (time exempt period ends if there is an early termination event), other than by reason of an early termination event within paragraph 15F(3)(b),
- (b) an accounting period (“*the relevant accounting period*”) of the company ends after that exempt period but before the time the exempt period would have ended had paragraph 15F(2) of that Schedule not applied,
- (c) an apportionment under section 747(3) would fall to be made as regards the relevant accounting period, and
- (d) a company resident in the United Kingdom (“the UK resident company”) has a relevant interest in the controlled foreign company in that period.
- (2) The UK resident company may make an application to the Commissioners for Her Majesty's Revenue and Customs for the chargeable profits of the controlled foreign company for that accounting period (“the chargeable profits”) to be reduced to an amount (“*the specified amount*”) specified in the application (which may be nil).
- (3) If the Commissioners grant the application—
- (a) the chargeable profits are treated as reduced to the specified amount, and
- (b) the controlled foreign company's creditable tax (if any) for that period is treated as reduced by so much of that tax as, on a just and reasonable basis, relates to the reduction in the chargeable profits,
for the purpose of applying section 747(3) to (5) for determining the sum (if any) chargeable on the UK resident company under section 747(4)(a) (but for no other purpose).
- (4) The Commissioners may grant the application only if—
- (a) they are satisfied that the specified amount is not less than the relevant amount, and
- (b) they have not previously granted an application made by the UK resident company in respect of the relevant accounting period under section 751A or 751AB.
- (5) “*The relevant amount*” means the amount (if any) equal to so much of the chargeable profits as it is just and reasonable to regard as referable to—
- (a) the relevant transaction which triggered the end of the exempt period, or
- (b) any later relevant transaction occurring before the time the exempt period would have ended had paragraph 15F(2) of Schedule 25 not applied.
- (6) “*Relevant transaction*” has the meaning given by paragraph 15E of Schedule 25 (and it does not matter if the transaction occurs pursuant to an agreement entered into by the controlled foreign company before the relevant time (within the meaning of paragraph 15G of that Schedule)).
#### Election as to tax exempt business.
##### 751B
- (1) An application by a company under section 751A—
- (a) must be made in such form as the HMRC Commissioners may determine,
- (b) must be accompanied by such documents (or copies of documents) in the company's possession or power as those Commissioners may reasonably require for the purpose of determining whether to grant the application, and
- (c) must contain such information as those Commissioners may reasonably require for that purpose.
- (2) An application by a company under section 751A—
- (a) may be made at any time on or before the filing date (within the meaning of Schedule 18 to the Finance Act 1998) for the relevant company tax return of the company, and
- (b) may be amended or withdrawn at any time before the application is determined by those Commissioners.
- (3) If an application by a company under section 751A is granted after the company has delivered its relevant company tax return, it has 30 days beginning with the day on which the application is granted in which to amend that return to give effect to section 751A.
- (4) The time limits otherwise applicable to an amendment of a company tax return do not prevent an amendment being made under subsection (3).
- (5) If the HMRC Commissioners refuse an application by a company under section 751A, the company may appeal to the Special Commissioners against the refusal.
- (6) Notice of an appeal must be given in writing to the HMRC Commissioners within 30 days after the application is refused.
- (7) On an appeal—
- (a) if the Special Commissioners are satisfied that the relevant amount is a different amount from the amount specified in the application, they must direct the HMRC Commissioners to grant the application as if the amount specified in it were that different amount,
- (b) if the Special Commissioners are satisfied that the relevant amount is the amount specified in the application, they must direct the HMRC Commissioners to grant the application, and
- (c) in any other case, the Special Commissioners must confirm the refusal.
- (8) For the purposes of subsection (7) “*the relevant amount*” means the amount (if any) equal to so much of the chargeable profits mentioned in subsection (4) of section 751A as can reasonably be regarded as representing the value mentioned in that subsection.
- (9) Part 5 of the Management Act (appeals against assessments to tax), apart from section 50, applies in relation to an appeal under this section as it applies in relation to an appeal against an assessment to tax.
- (10) In this section “*relevant company tax return*”, in relation to a company, means the return for the accounting period for which—
- (a) any sum is chargeable on the company under section 747(4)(a), or
- (b) any sum would be so chargeable but for section 751A,
in respect of the chargeable profits of the controlled foreign company for the accounting period mentioned in section 751A(1).
- (11) In this section “*the HMRC Commissioners*” means the Commissioners for Her Majesty's Revenue and Customs.
#### Life or endowment business: application of the Corporation Tax Acts.
##### 752A
- (1) This section has effect for the purpose of determining for the purposes of this Chapter who has a relevant interest in a controlled foreign company at any time; and references in this Chapter to relevant interests shall be construed accordingly.
- (2) A UK resident company which has a direct or indirect interest in a controlled foreign company has a relevant interest in the company by virtue of that interest unless subsection (3) below otherwise provides.
- (3) A UK resident company which has an indirect interest in a controlled foreign company does not have a relevant interest in the company by virtue of that interest if it has the interest by virtue of having a direct or indirect interest in another UK resident company.
- (4) A related person who has a direct or indirect interest in a controlled foreign company has a relevant interest in the company by virtue of that interest unless subsection (5) or (6) below otherwise provides.
- (5) A related person who has an indirect interest in a controlled foreign company does not have a relevant interest in the company by virtue of that interest if he has the interest by virtue of having a direct or indirect interest in—
- (a) a UK resident company; or
- (b) another related person.
- (6) A related person who has a direct or indirect interest in a controlled foreign company does not have a relevant interest in the company by virtue of that interest to the extent that a UK resident company—
- (a) has the whole or any part of the same interest indirectly, by virtue of having a direct or indirect interest in the related person, and
- (b) by virtue of that indirect interest in the controlled foreign company, has a relevant interest in the company by virtue of subsection (2) above.
- (7) A person who—
- (a) has a direct interest in a controlled foreign company, but
- (b) does not by virtue of subsections (2) to (6) above have a relevant interest in the company by virtue of that interest,
has a relevant interest in the company by virtue of that interest unless subsection (8) below otherwise provides.
- (8) A person does not by virtue of subsection (7) above have a relevant interest in a controlled foreign company by virtue of having a direct interest in the company to the extent that another person—
- (a) has the whole or any part of the same interest indirectly, and
- (b) by virtue of that indirect interest, has a relevant interest in the company by virtue of subsections (2) to (6) above.
- (9) No person has a relevant interest in a controlled foreign company otherwise than as provided by subsections (2) to (8) above.
- (10) In this section—
- “*related person*” means a person who—is not a UK resident company, butis connected or associated with a UK resident company which has by virtue of subsection (2) above a relevant interest in the controlled foreign company in question;
- “*UK resident company*” means a company resident in the United Kingdom.
##### 752B
- (1) For the purposes of section 752(3) above, where a person has a relevant interest in a controlled foreign company by virtue of indirectly holding issued ordinary shares of the company, the percentage of the issued ordinary shares of the company which the relevant interest represents is equal to—
$$P×S$where—P is the product of the appropriate fractions of that person and each of the share-linked companies through which he indirectly holds the shares in question, other than the lowest share-linked company; andS is the percentage of issued ordinary shares of the controlled foreign company which is held directly by the lowest share-linked company.$
- (2) In subsection (1) above and this subsection—
- “the appropriate fraction", in the case of a person who directly holds ordinary shares of a share-linked company, means that fraction of the issued ordinary shares of that company which his holding represents;
- “*the lowest share-linked company*”, in relation to a person who indirectly holds ordinary shares of a controlled foreign company, means the share-linked company which directly holds the shares in question;
- “*share-linked company*” means a company which is share-linked to the controlled foreign company in question.
- (3) Where a person has different indirect holdings of shares of the controlled foreign company (as in a case where different shares are held through different companies which are share-linked to the controlled foreign company)—
- (a) subsection (1) above shall apply separately in relation to the different holdings with any necessary modifications; and
- (b) for the purposes of section 752(3) above the percentage of the issued ordinary shares of the company which the relevant interest represents is the aggregate of the percentages resulting from those separate applications.
- (4) Where, for the purposes of subsection (3) of section 752, the percentage of the issued ordinary shares of the controlled foreign company which a person directly or indirectly holds varies during the relevant accounting period, he shall be treated for the purposes of that subsection as holding throughout that period that percentage of the issued ordinary shares of the company which is equal to the sum of the relevant percentages for each holding period in the relevant accounting period.
- (5) For the purposes of subsection (4) above—
- “holding period", in the case of any person, means a part of the relevant accounting period during which the percentage of the issued ordinary shares of the controlled foreign company which the person holds (whether directly or indirectly) remains the same;
- “the relevant percentage", in the case of a holding period, means the percentage equal to—$P×HA$where—P is the percentage of the issued ordinary shares of the controlled foreign company which the person in question directly or indirectly holds in the holding period, as calculated in accordance with subsections (1) to (3) above so far as applicable;H is the number of days in the holding period; andA is the number of days in the relevant accounting period.
##### 752C
- (1) In this section “*the relevant provisions*” means sections 752 to 752B and this section.
- (2) For the purposes of the relevant provisions—
- (a) a person has a direct interest in a company if (and only if) he has an interest in the company otherwise than by virtue of having an interest in another company;
- (b) a person has an indirect interest in a company if (and only if) he has an interest in the company by virtue of having an interest in another company;
- (c) a person indirectly holds shares of a controlled foreign company if (and only if) he directly holds ordinary shares of a company which is share-linked to the controlled foreign company.
- (3) For the purposes of the relevant provisions, a company is “share-linked" to a controlled foreign company if it has an interest in the controlled foreign company only by virtue of directly holding ordinary shares—
- (a) of the controlled foreign company, or
- (b) of the controlled foreign company or of one or more companies which are share-linked to the controlled foreign company by virtue of paragraph (a) above, or
- (c) of the controlled foreign company or of one or more companies which are share-linked to the controlled foreign company by virtue of paragraph (a) or (b) above,
and so on.
- (4) For the purposes of the relevant provisions, a company (“company A") has an intermediate interest in a controlled foreign company if (and only if)—
- (a) it has a direct or indirect interest in the controlled foreign company; and
- (b) one or more other persons have relevant interests in the controlled foreign company by virtue of having a direct or indirect interest in company A.
- (5) Any interest or shares held by a nominee or bare trustee shall be treated for the purposes of the relevant provisions as held by the person or persons for whom the nominee or bare trustee holds the interest or shares.
- (6) Where—
- (a) an interest in a controlled foreign company is held in a fiduciary or representative capacity, and
- (b) subsection (5) above does not apply, but
- (c) there are one or more identifiable beneficiaries,
the interest shall be treated for the purposes of the relevant provisions as held by that beneficiary or, as the case may be, as apportioned on a just and reasonable basis among those beneficiaries.
- (7) In the relevant provisions—
- “*bare trustee*” means a person acting as trustee—for a person absolutely entitled as against the trustee; orfor any person who would be so entitled but for being a minor or otherwise under a disability; orfor two or more persons who are or would, but for all or any of them being a minor or otherwise under a disability, be jointly so entitled;
- “ordinary shares", in the case of any company, means shares of a single class, however described, which is the only class of shares issued by the company;
- “*the relevant accounting period*” means the accounting period mentioned in section 752(1);
- “*share*” includes a reference to a fraction of a share.
##### 754A
- (1) This section applies where—
- (a) a company resident in the United Kingdom (“the UK company") has an interest in a controlled foreign company at any time during an accounting period of the controlled foreign company;
- (b) the UK company delivers a company tax return; and
- (c) at the time when the UK company delivers the company tax return, it is not established whether or not the controlled foreign company has pursued an acceptable distribution policy in relation to the accounting period.
- (2) If the UK company is of the opinion that the controlled foreign company is likely to pursue an acceptable distribution policy in relation to the accounting period, the UK company shall make the company tax return on the basis that the accounting period of the controlled foreign company is one in relation to which the controlled foreign company pursues such a policy.
- (3) If the UK company is not of the opinion that the controlled foreign company is likely to pursue an acceptable distribution policy in relation to the accounting period, the UK company shall make the company tax return on the basis that the accounting period of the controlled foreign company is one in relation to which the controlled foreign company does not pursue such a policy.
- (4) In any case where—
- (a) the UK company acts in pursuance of subsection (2) above, but
- (b) it becomes established that the controlled foreign company has not pursued an acceptable distribution policy in relation to the accounting period,
the UK company shall amend the company tax return on the basis that the accounting period is not one in relation to which the controlled foreign company pursues an acceptable distribution policy.
- (5) In any case where—
- (a) the UK company acts in pursuance of subsection (3) above, but
- (b) it becomes established that the controlled foreign company has pursued an acceptable distribution policy in relation to the accounting period,
the UK company shall amend the company tax return on the basis that the accounting period is one in relation to which the controlled foreign company pursues an acceptable distribution policy.
- (6) Any amendment required to be made to the company tax return by virtue of subsection (4) or (5) above (“*an ADP amendment*”) shall be made by the UK company before the expiration of the period of 30 days next following the end of the period allowed for establishing an ADP in relation to the accounting period of the controlled foreign company.
- (7) Subject to subsection (8) below, the making of any ADP amendment is subject to, and must be in accordance with, the other provisions of the Corporation Tax Acts as they apply for the purposes of this Chapter.
- (8) The time limits otherwise applicable to amendment of a company tax return do not apply to an ADP amendment.
- (9) A company which fails to make an ADP amendment required by subsection (4) above within the time allowed for doing so shall be liable to a tax-related penalty under paragraph 20 of Schedule 18 to the Finance Act 1998 (penalty, not exceeding amount of tax understated, for incorrect or uncorrected return).
- (10) For the purposes of this section, if it has not previously been established whether or not the controlled foreign company has pursued an acceptable distribution policy in relation to the accounting period, it shall be taken to be established immediately after the end of the period allowed for establishing an ADP in relation to that accounting period.
- (11) In this section, “*the period allowed for establishing an ADP*” means, in relation to an accounting period of a controlled foreign company, the period ending with the expiration of—
- (a) subject to paragraph (b) below, the period of eighteen months next following the end of the accounting period; or
- (b) if the Board have, in the case of the accounting period, allowed further time under paragraph 2(1)(b) of Schedule 25, the further time so allowed.
- (12) In this section any reference to a controlled foreign company pursuing an acceptable distribution policy in relation to an accounting period shall be construed in accordance with Part I of Schedule 25.
##### 754B
- (1) This section has effect where a determination requiring the Board’s sanction is made for any of the following purposes, that is to say—
- (a) the giving of a closure notice; or
- (b) the making of a discovery assessment.
- (2) If the closure notice or, as the case may be, notice of the discovery assessment is given to any person without—
- (a) the determination, so far as it is taken into account in the closure notice or the discovery assessment, having been approved by the Board, or
- (b) notification of the Board’s approval having been served on that person at or before the time of the giving of the notice,
the closure notice or, as the case may be, the discovery assessment shall be deemed to have been given or made (and in the case of an assessment notified) in the terms (if any) in which it would have been given or made had that determination not been taken into account.
- (3) A notification under subsection (2)(b) above—
- (a) must be in writing;
- (b) must state that the Board have given their approval on the basis that—
- (i) an amount of chargeable profits, and
- (ii) an amount of creditable tax (which may be nil),
for the accounting period of the controlled foreign company in question fall to be apportioned under section 747(3) to the person in question;
- (c) must state the amounts mentioned in sub-paragraphs (i) and (ii) of paragraph (b) above; and
- (d) subject to paragraphs (a) to (c) above, may be in such form as the Board may determine.
- (4) For the purposes of this section, the Board’s approval of a determination requiring their sanction—
- (a) must be given specifically in relation to the case in question and must apply to the amount determined; but
- (b) subject to that, may be given by the Board (either before or after the making of the determination) in any such form or manner as they may determine.
- (5) In this section references to a determination requiring the Board’s sanction are references (subject to subsection (6) below) to any determination of the amount of chargeable profits or creditable tax for an accounting period of a controlled foreign company which falls to be apportioned to a particular person under section 747(3).
- (6) For the purposes of this section, a determination shall be taken, in relation to a closure notice or a discovery assessment, not to be a determination requiring the Board’s sanction if—
- (a) an agreement about the relevant amounts has been made between an officer of the Board and the person in whose case it is made;
- (b) that agreement is in force at the time of the giving of the closure notice or, as the case may be, notice of the assessment; and
- (c) the matters to which the agreement relates include the amount determined.
- (7) In paragraph (a) of subsection (6) above, “*the relevant amounts*” means—
- (a) the amount of chargeable profits, and
- (b) the amount of creditable tax (which may be nil),
for the accounting period of the controlled foreign company in question which fall to be apportioned under section 747(3) to the person mentioned in that paragraph.
- (8) For the purposes of subsection (6) above an agreement made between an officer of the Board and any person (“the taxpayer") in relation to any matter shall be taken to be in force at any time if, and only if—
- (a) the agreement is one which has been made or confirmed in writing;
- (b) that time is after the end of the period of thirty days beginning—
- (i) in the case of an agreement made in writing, with the day of the making of the agreement, and
- (ii) in any other case, with the day of the agreement’s confirmation in writing; and
- (c) the taxpayer has not, before the end of that period of thirty days, served a notice on an officer of the Board stating that he is repudiating or resiling from the agreement.
- (9) The references in subsection (8) above to the confirmation in writing of an agreement are references to the service on the taxpayer by an officer of the Board of a notice—
- (a) stating that the agreement has been made; and
- (b) setting out the terms of the agreement.
- (10) The matters that may be questioned on so much of any appeal by virtue of any provision of the Management Act or Schedule 18 to the Finance Act 1998 (company tax returns, assessments and related matters) as relates to a determination the making of which has been approved by the Board for the purposes of this section shall not include the Board’s approval, except to the extent that the grounds for questioning the approval are the same as the grounds for questioning the determination itself.
- (11) In this section—
- “*closure notice*” means a notice under paragraph 32 of Schedule 18 to the Finance Act 1998 (completion of enquiry and statement of conclusions);
- “*discovery assessment*” means a discovery assessment or discovery determination under paragraph 41 of that Schedule (including an assessment by virtue of paragraph 52 of that Schedule).
##### 755A
- (1) This section applies in any case where—
- (a) an amount (“the apportioned profit") of a controlled foreign company’s chargeable profits for an accounting period falls to be apportioned under section 747(3) to a company resident in the United Kingdom (“the UK company");
- (b) the UK company carries on life assurance business in that one of its accounting periods (“the relevant accounting period") in which ends the accounting period of the controlled foreign company; and
- (c) the property or rights which represent the UK company’s relevant interest in the controlled foreign company constitute to any extent assets of the UK company’s long-term insurance fund.
- (2) Subsections (3) and (4) below apply if, in the case of the relevant accounting period, the UK company is charged to tax under the I minus E basis in respect of life assurance business.
- (3) Where this subsection applies, the “*appropriate rate*” for the purposes of section 747(4)(a) and paragraph 1 of Schedule 26 in relation to the policy holders’ part of any BLAGAB apportioned profit shall be—
- (a) if a single rate of tax under section 88(1) of the Finance Act 1989 (lower corporation tax rate on certain insurance company profits) is applicable in relation to the relevant accounting period, that rate; or
- (b) if more than one such rate of tax is applicable in relation to the relevant accounting period, the average of those rates over the whole of that period.
- (4) Where this subsection applies, the “*appropriate rate*” for the purposes of section 747(4)(a) and paragraph 1 of Schedule 26 shall be nil in relation to so much of the apportioned profit as is referable to gross roll-up business carried on by the UK company.
- (4A) In any case where—
- (a) paragraph 4 of Schedule 26 to this Act applies to a dividend received by the UK company, and
- (b) but for this subsection, subsection (4) of section 804B of this Act would apply to that dividend,
the amount of credit for foreign tax in respect of that dividend shall be treated, for the purposes of that section, as wholly attributable to basic life assurance and general annuity business.
- (5) If, in the case of the relevant accounting period, the UK company is charged to tax under Case I of Schedule D in respect of its profits from life assurance business, the “*appropriate rate*” for the purposes of—
- (a) section 747(4)(a), and
- (b) paragraph 1 of Schedule 26,
shall be nil in relation to so much of the apportioned profit as is referable to the UK company’s relevant interest so far as represented by assets of its long-term insurance fund.
- (6) If, in the case of the relevant accounting period,—
- (a) the UK company is charged to tax under the I minus E basis in respect of life assurance business,
- (b) any creditable tax of the controlled foreign company falls to be apportioned to the UK company, and
- (c) the apportioned profit is to any extent referable to gross roll-up business,
so much of the creditable tax so apportioned as is attributable to the apportioned profit so far as so referable shall be left out of account for the purposes of this Chapter, other than section 747(3) and this section, and shall be treated as extinguished.
- (7) If, in the case of the relevant accounting period,—
- (a) the UK company is charged to tax under Case I of Schedule D in respect of its profits from life assurance business, and
- (b) any creditable tax of the controlled foreign company falls to be apportioned to the UK company,
so much of the creditable tax so apportioned as is attributable to so much of the apportioned profit as is referable to the UK company’s relevant interest so far as represented by assets of the UK company’s long-term insurance fund shall be left out of account for the purposes of this Chapter, other than section 747(3) and this section, and shall be treated as extinguished.
- (8) Any set off under paragraph 1 . . . of Schedule 26 against the UK company’s liability to tax under section 747(4)(a) in respect of the apportioned profit shall be made against only so much of that liability as is attributable to the eligible part of the apportioned profit.
- (9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (10) For the purposes of this section, the “eligible part" of the apportioned profit is any BLAGAB apportioned profit, other than the policy holders’ part.
- (11) For the purposes of this section the policy holders' part of any BLAGAB apportioned profit is—
- (a) where subsection (11A) below applies, the whole of that profit, and
- (b) in any other case, the relevant fraction (within the meaning of subsection (11B) below) of that profit.
- (11A) This subsection applies if—
- (a) the UK company’s life assurance business is mutual business,
- (b) the policy holders' share of the UK company’s relevant profits for the relevant accounting period is equal to all those profits, or
- (c) the policy holders' share of the UK company’s relevant profits for the relevant accounting period is more than its BLAGAB profits for that period.
- (11B) The relevant fraction for the purposes of subsection (11)(b) above is the fraction arrived at by dividing—
- (a) the policy holders' share of the UK company’s relevant profits for the relevant accounting period, by
- (b) the UK company’s BLAGAB profits for that period.
- (11C) In subsections (11A) and (11B) above—
- (a) references to the policy holders' share of the UK company’s share of the relevant profits are to be construed in accordance with sections 88(3) and 89 of the Finance Act 1989, and
- (b) references to the UK company’s BLAGAB profits are to be construed in accordance with section 89(1B) of that Act.
- (12) In this section—
- “*BLAGAB apportioned profit*” means so much of the apportioned profit as is referable to basic life assurance and general annuity business carried on by the UK company;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (13) For the purposes of this section, the part of the apportioned profit which is referable to—
- (a) basic life assurance and general annuity business, or
- (ba) gross roll-up business,
carried on by the UK company is the part which would have been so referable under section 432A had the apportioned profit been a dividend paid to the UK company at the end of the accounting period mentioned in subsection (1)(a) above in respect of the property or rights which represent the UK company’s relevant interest in the controlled foreign company.
- (14) For the purposes of this section, any attribution of creditable tax to a particular part of the apportioned profit shall be made in the proportion which that part of the apportioned profit bears to the whole of the apportioned profit.
##### 755B
- (1) This section applies where—
- (a) a controlled foreign company carries on general insurance business in an accounting period;
- (b) an amount of the company’s chargeable profits, and an amount of its creditable tax (if any), for that accounting period falls to be apportioned under section 747(3) to a company resident in the United Kingdom (“the UK company");
- (c) the UK company delivers a company tax return for that one of its accounting periods in which the controlled foreign company’s accounting period ends; and
- (d) in making or amending the return, the UK company has regard to accounts of the controlled foreign company drawn up using a method falling within subsection (2) below.
- (2) The methods which fall within this subsection are—
- (a) the method described in paragraph 52 of Schedule 9A to the Companies Act 1985 (which provides for a technical provision to be made in the accounts which is later replaced by a provision for estimated claims outstanding); and
- (b) any method which would have fallen within paragraph (a) above, had final replacement of the technical provision, as described in sub-paragraph (4) of paragraph 52 of that Schedule, taken place, and been required to take place, no later than the end of the year referred to in that sub-paragraph as the third year following the underwriting year.
- (3) Where this section applies—
- (a) the UK company may make any amendments of its company tax return arising from the replacement of the technical provision in the controlled foreign company’s accounts at any time within twelve months from the date on which the provision was replaced; and
- (b) notice of intention to enquire into the return under paragraph 24 of Schedule 18 to the Finance Act 1998 may be given at any time up to two years from that date (or at any later time in accordance with the general rule in sub-paragraph (3) of that paragraph).
- (4) If, in a case where this section applies, the accounts of the controlled foreign company are drawn up using a method falling within paragraph (b) of subsection (2) above—
- (a) the controlled foreign company, and
- (b) any person with an interest in the controlled foreign company,
shall be treated for the purposes of this section as if final replacement of the technical provision, as described in sub-paragraph (4) of paragraph 52 of Schedule 9A to the Companies Act 1985, had taken place at, and been required to take place no later than, the end of the year referred to in that sub-paragraph as the third year following the underwriting year.
- (5) Regulations under section 755C may make provision with respect to the determination of the amount of the provision by which the technical provision is to be treated as replaced in cases falling within subsection (4) above.
- (6) In this section “general insurance business” means business which consists of the effecting or carrying out of contracts which fall within Part I of Schedule 1 to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001.
##### 755C
- (1) The Treasury may by regulations provide for the provisions of this Chapter to have effect with prescribed modifications in any case where a non-resident company—
- (a) carries on general insurance business; and
- (b) draws up accounts relating to that business using a method falling within subsection (2) of section 755B.
- (2) Regulations under subsection (1) above may—
- (a) make different provision for different cases;
- (b) make provision having effect in relation to accounting periods of non-resident companies ending not more than one year before the date on which the regulations are made; and
- (c) contain such supplementary, incidental, consequential and transitional provision as the Treasury may think fit.
- (3) In this section—
- “*general insurance business*” has the same meaning as in section 755B;
- “*non-resident company*” means a company resident outside the United Kingdom;
- “*prescribed*” means prescribed in regulations under this section.
##### 755D
- (1) For the purposes of this Chapter “control", in relation to a company, means the power of a person to secure—
- (a) by means of the holding of shares or the possession of voting power in or in relation to the company or any other company, or
- (b) by virtue of any powers conferred by the articles of association or other document regulating the company or any other company,
that the affairs of the company are conducted in accordance with his wishes.
- (2) Where two or more persons, taken together, have the power mentioned in subsection (1) above, they shall be taken for the purposes of this Chapter to control the company.
- (3) The 40 per cent test in this subsection is satisfied in the case of one of two persons who, taken together, control a company if that one of them has interests, rights and powers representing at least 40 per cent of the holdings, rights and powers in respect of which the pair of them fall to be taken as controlling the company.
- (4) The 40 per cent test in this subsection is satisfied in the case of one of two persons who, taken together, control a company if that one of them has interests, rights and powers representing—
- (a) at least 40 per cent, but
- (b) not more than 55 per cent,
of the holdings, rights and powers in respect of which the pair of them fall to be taken as controlling the company.
- (5) For the purposes of this Chapter any question—
- (a) whether a company is controlled by a person, or by two or more persons taken together, or
- (b) whether, in the case of any company, the applicable 40 per cent test is satisfied in the case of each of two persons who, taken together, control the company,
shall be determined after attributing to each of the persons all the rights and powers mentioned in subsection (6) below that are not already attributed to that person for the purposes of subsections (1) to (4) above.
- (6) The rights and powers referred to in subsection (5) above are—
- (a) rights and powers which the person is entitled to acquire at a future date or which he will, at a future date, become entitled to acquire;
- (b) rights and powers of other persons, to the extent that they are rights or powers falling within subsection (7) below;
- (c) if the person is resident in the United Kingdom, rights and powers of any person who is resident in the United Kingdom and connected with the person; and
- (d) if the person is resident in the United Kingdom, rights and powers which for the purposes of subsection (5) above would be attributed to a person who is resident in the United Kingdom and connected with the person (a “*UK connected person*”) if the UK connected person were himself the person.
- (7) Rights and powers fall within this subsection to the extent that they—
- (a) are required, or may be required, to be exercised in any one or more of the following ways, that is to say—
- (i) on behalf of the person;
- (ii) under the direction of the person; or
- (iii) for the benefit of the person; and
- (b) are not confined, in a case where a loan has been made by one person to another, to rights and powers conferred in relation to property of the borrower by the terms of any security relating to the loan.
- (8) In subsections (6)(b) to (d) and (7) above, the references to a person’s rights and powers include references to any rights or powers which he either—
- (a) is entitled to acquire at a future date, or
- (b) will, at a future date, become entitled to acquire.
- (9) In paragraph (d) of subsection (6) above, the reference to rights and powers which would be attributed to a UK connected person if he were the person includes a reference to rights and powers which, by applying that paragraph wherever one person resident in the United Kingdom is connected with another person, would be so attributed to him through a number of persons each of whom is resident in the United Kingdom and connected with at least one of the others.
- (10) In determining for the purposes of this section whether one person is connected with another in relation to a company, subsection (7) of section 839 shall be disregarded.
- (11) References in this section—
- (a) to rights and powers of a person, or
- (b) to rights and powers which a person is or will become entitled to acquire,
include references to rights or powers which are exercisable by that person, or (when acquired by that person) will be exercisable, only jointly with one or more other persons.
### Meaning of offshore fund
#### Conditions for tax exempt business.
##### 751AC
##### 756A
- (1) In this Chapter references to an offshore fund are to a collective investment scheme constituted by—
- (a) a company that is resident outside the United Kingdom, or
- (b) a unit trust scheme the trustees of which are not resident in the United Kingdom, or
- (c) arrangements not falling within paragraph (a) or (b) taking effect by virtue of the law of a territory outside the United Kingdom and which under that law create rights in the nature of co-ownership (without restricting that expression to its meaning in the law of any part of the United Kingdom).
- (2) Subsection (1) has effect subject to—
- section 756B (treatment of umbrella funds), and
- section 756C (treatment of funds comprising more than one class of interest).
- (3) In this section “*collective investment scheme*” means any arrangements which are a collective investment scheme for the purposes of Part 17 of the Financial Services and Markets Act 2000 (see section 235 of that Act and orders made under subsection (5) of that section) or would be if the words “, within a period appearing to him to be reasonable,” were omitted from section 236(3)(a) of that Act.
- (4) But the reference to offshore funds in section 760(3)(a) does not include any arrangements which are not a collective investment scheme for the purposes of that Part of that Act.
### Treatment of umbrella funds
##### 756B
- (1) In this Chapter, an “*umbrella fund*” means an offshore fund—
- (a) which provides arrangements for separate pooling of the contributions of the participants and the profits or income out of which payments are made to them; and
- (b) under which the participants are entitled to exchange rights in one pool for rights in another;
and references in this Chapter to a part of an umbrella fund are to such of the arrangements as relate to a separate pool.
- (2) For the purposes of this Chapter (except subsection (1))—
- (a) each part of an umbrella fund shall be regarded as a separate offshore fund, and
- (b) the umbrella fund as a whole shall not be regarded as an offshore fund.
- (3) In this Chapter, in relation to a part of an umbrella fund—
- (a) a reference to the assets of an offshore fund is to such of the assets of the umbrella fund as under the arrangements form part of the separate pool to which that part of the umbrella fund relates;
- (b) a reference to the income of an offshore fund is to the income arising from those assets;
- (c) a reference to a person having an interest in an offshore fund is to a person for the time being having an interest in that separate pool; and
- (d) a reference to an offshore fund being a non-qualifying fund shall be read in relation to times before the coming into force of this section as a reference to the umbrella fund being a non-qualifying fund.
### Treatment of funds comprising more than one class of interest
##### 756C
- (1) For the purposes of this Chapter where there is more than one class of interest in an offshore fund (the “*main fund*”)—
- (a) each class of interest shall be regarded as a separate offshore fund, and
- (b) the main fund shall not be regarded as an offshore fund.
- (2) In this section, references to a class of interest in an offshore fund do not include—
- (a) a part of an umbrella fund which is regarded as an offshore fund by virtue of section 756B, or
- (b) a class of interest in an offshore fund which by virtue of section 759(5), (6) or (8) is not a material interest in the fund.
- (3) In this Chapter, in relation to a class of interest in an offshore fund—
- (a) a reference to the assets of an offshore fund is to the assets of the main fund;
- (b) a reference to the income of an offshore fund is to such of the income of the main fund as is attributable to interests of that class under the arrangements constituting the main fund;
- (c) a reference to a person having an interest in an offshore fund is to a person for the time being having an interest of that class; and
- (d) a reference to an offshore fund being a non-qualifying fund shall be read in relation to times before the coming into force of this section as a reference to the main fund being a non-qualifying fund.
#### Maximum benefits payable to members.
##### 762ZA
- (1) Chapter 2 of Part 13 of ITA 2007 (transfer of assets abroad) applies in relation to an offshore income gain arising to a person resident or domiciled outside the United Kingdom as if the offshore income gain were income becoming payable to the person.
- (2) Income treated as arising under that Chapter by virtue of subsection (1) is regarded as “*foreign*” for the purposes of section 726, 730 or 735 of that Act.
- (3) Subsection (1) does not apply in relation to an offshore income gain if (and to the extent that) it is treated, by virtue of section 762(1), as arising to a person resident or ordinarily resident in the United Kingdom.
- (4) The following provisions apply if section 762(2) applies in relation to an offshore income gain (“the relevant offshore income gain”).
- (5) If—
- (a) by virtue of section 762(3) an offshore income gain is treated as arising in a tax year to a person resident or ordinarily resident in the United Kingdom, and
- (b) it is so treated by reason of the relevant offshore income gain (or part of it),
for that and subsequent tax years subsection (1) does not apply in relation to the relevant offshore income gain (or that part).
- (6) If, by virtue of subsection (1) as it applies in relation to the relevant offshore income gain, income is treated under Chapter 2 of Part 13 of ITA 2007 as arising in a tax year, reduce (with effect from the following tax year) the OIG amount in question by the amount of the income.
##### 762ZB
- (1) This section applies to income treated as arising under section 761(1) to an individual in a tax year if—
- (a) section 809B, 809D or 809E of ITA 2007 (remittance basis) applies to the individual for that year, and
- (b) the individual is not domiciled in the United Kingdom in that year.
- (2) Treat the income as relevant foreign income of the individual.
- (3) For the purposes of Chapter A1 of Part 14 of ITA 2007 (remittance basis)—
- (a) treat any consideration obtained on the disposal of the asset as deriving from the income, and
- (b) unless the consideration so obtained is of an amount equal to the market value of the asset, treat the asset as deriving from the income.
- (4) In subsection (3)—
- (a) “*the asset*” means the asset the disposal of which causes the income to be treated as arising, and
- (b) “*the disposal*” means the disposal mentioned in paragraph (a).
##### 762A
- (1) This section applies where—
- (a) classes of interest in an offshore fund (the “*main fund*”) are treated as separate offshore funds under section 756C; and
- (b) as the result of—
- (i) a reorganisation within the meaning of section 126 of the 1992 Act, or
- (ii) a conversion of securities within the meaning of section 132 of that Act,
a person exchanges an interest of one class (A) in the main fund for an interest of another class (B) in that fund.
- (2) Where—
- (a) the interest of class A—
- (i) is at the time of the exchange an interest in a non-qualifying offshore fund, or
- (ii) has been an interest in such a fund at any material time, and
- (b) the interest of class B is at the time of the exchange an interest in a fund which is certified by the Board as a distributing offshore fund,
section 127 of the 1992 Act (equation of original shares and new holding) shall not prevent the exchange constituting a disposal for the purposes of this Chapter.
- (3) Any such disposal shall be treated as a disposal for a consideration equal to the market value of the rights at the time of the exchange.
- (4) In this section—
- “*class of interest*” has the same meaning as in section 756C(1);
- “*material time*” has the same meaning as in section 757.
##### 765A
- (1) Section 765(1) shall not apply to a transaction which is a movement of capital to which Article 1 of the Directive of the Council of the European Communities dated 24th June 1988 No. [88/361/EEC](https://www.legislation.gov.uk/european/directive/1988/0361) applies.
- (2) Where if that Article did not apply to it a transaction would be unlawful under section 765(1), the body corporate in question (that is to say, the body corporate resident in the United Kingdom) shall—
- (a) give to the Board within six months of the carrying out of the transaction such information relating to the transaction, or to persons connected with the transaction, as regulations made by the Board may require, and
- (b) where notice is given to the body corporate by the Board, give to the Board within such period as is prescribed by regulations made by the Board (or such longer period as the Board may in the case allow) such further particulars relating to the transaction, to related transactions, or to persons connected with the transaction or related transactions, as the Board may require.
#### Exemption for trade unions and employers’ associations.
##### 767A
- (1) Where it appears to the Board that—
- (a) there has been a change in the ownership of a company (“*the tax-payer company*”),
- (b) any corporation tax assessed on the tax-payer company for an accounting period beginning before the change remains unpaid at any time after the relevant date, and
- (c) any of the three conditions mentioned below is fulfilled,
any person mentioned in subsection (2) below may be assessed by the Board and charged (in the name of the tax-payer company) to an amount of corporation tax in accordance with this section.
- (2) The persons are—
- (a) any person who at any time during the relevant period before the change in the ownership of the tax-payer company had control of it;
- (b) any company of which the person mentioned in paragraph (a) above has at any time had control within the period of three years before that change.
- (3) In subsection (2) above, “*the relevant period*” means—
- (a) the period of three years before the change in the ownership of the tax-payer company; or
- (b) if during the period of three years before that change (“*the later change*”) there was a change in the ownership of the tax-payer company (“*the earlier change*”), the period elapsing between the earlier change and the later change.
- (4) The first condition is that—
- (a) at any time during the period of three years before the change in the ownership of the tax-payer company the activities of a trade or business of that company cease or the scale of those activities become small or negligible; and
- (b) there is no significant revival of those activities before that change occurs.
- (5) The second condition is that at any time after the change in the ownership of the tax-payer company, but under arrangements made before that change, the activities of a trade or business of that company cease or the scale of those activities become small or negligible.
- (6) The third condition is that—
- (a) at any time during the period of six years beginning three years before the change in the ownership of the tax-payer company there is a major change in the nature or conduct of a trade or business of that company;
- (b) there is a transfer or there are transfers of assets of the tax-payer company to a person mentioned in subsection (7) below or to any person under arrangements which enable any of those assets or any assets representing those assets to be transferred to a person mentioned in subsection (7) below;
- (c) that transfer occurs or those transfers occur during the period of three years before the change in the ownership of the tax-payer company or after that change but under arrangements made before that change; and
- (d) the major change mentioned in paragraph (a) above is attributable to that transfer or those transfers.
- (7) The persons are—
- (a) any person mentioned in subsection (2)(a) above; and
- (b) any person connected with him.
- (8) The amount of tax charged in an assessment made under this section must not exceed the amount of the tax which, at the time of that assessment, remains unpaid by the tax-payer company.
- (9) For the purposes of this section the relevant date is the date six months from the date on which the corporation tax is assessed as mentioned in subsection (1)(b) above.
- (10) Any assessment made under this section shall not be out of time if made within three years from the date on which the liability of the tax-payer company to corporation tax for the accounting period mentioned in subsection (1)(b) above is finally determined.
##### 767AA
- (1) Where it appears to the Board that—
- (a) there has been a change in the ownership of a company (“the transferred company"),
- (b) any corporation tax relating to an accounting period ending on or after the change has been assessed on the transferred company or an associated company,
- (c) that tax remains unpaid at any time more than six months after it was assessed, and
- (d) the condition set out in subsection (2) below is fulfilled,
any person mentioned in subsection (4) below may be assessed by the Board and charged to an amount of corporation tax not exceeding the amount remaining unpaid.
- (2) The condition is that it would be reasonable (apart from this section) to infer, from either or both of—
- (a) the terms of any transactions entered into in connection with the change, and
- (b) the other circumstances of the change and of any such transactions,
that at least one of those transactions was entered into by one or more of its parties on the assumption, as regards a potential tax liability, that that liability would be unlikely to be met, or met in full, if it were to arise.
- (3) In subsection (2) above the reference to a potential tax liability is a reference to a liability to pay corporation tax which—
- (a) in circumstances which were reasonably foreseeable at the time of the change in ownership, or
- (b) in circumstances the occurrence of which is something of which there was at that time a reasonably foreseeable risk,
would or might arise from an assessment made, after the change in ownership, on the transferred company or an associated company (whether or not a particular associated company).
- (4) The persons mentioned in subsection (1) above are—
- (a) any person who at any time during the relevant period had control of the transferred company;
- (b) any company of which the person mentioned in paragraph (a) above has at any time had control within the period of three years before the change in the ownership of the transferred company.
- (5) In subsection (4) above, “*the relevant period*” means—
- (a) the period of three years before the change in the ownership of the transferred company; or
- (b) if during the period of three years before that change (“the later change") there was a change in the ownership of the transferred company (“the earlier change"), the period elapsing between the earlier change and the later change.
- (6) For the purposes of this section a transaction is entered into in connection with a change in the ownership of a company if—
- (a) it is the transaction, or one of the transactions, by which that change is effected; or
- (b) it is entered into as part of a series of transactions, or scheme, of which transactions effecting the change in ownership have formed or will form a part.
- (7) For the purposes of this section—
- (a) references to a scheme are references to any scheme, arrangements or understanding of any kind whatever, whether or not legally enforceable, involving a single transaction or two or more transactions;
- (b) it shall be immaterial in determining whether any transactions have formed or will form part of a series of transactions or scheme that the parties to any of the transactions are different from the parties to another of the transactions; and
- (c) the cases in which any two or more transactions are to be taken as forming part of a series of transactions or scheme shall include any case in which it would be reasonable to assume that one or more of them—
- (i) would not have been entered into independently of the other or others; or
- (ii) if entered into independently of the other or others, would not have taken the same form or been on the same terms.
- (8) In this section references, in relation to the transferred company and an assessment to tax, to an associated company are references to any compnay (whenever formed) which, at the time of the assessment or at an earlier time after the change in ownership—
- (a) has control of the transferred company;
- (b) is a company of which the transferred company has control; or
- (c) is a company under the control of the same person or persons as the transferred company.
- (9) A person assessed and charged to tax under this section shall be assessed and charged in the name of the company by whom the tax to which the assessment relates remains unpaid.
- (10) Any assessment made under this section shall not be out of time if made within three years from the date of the final determination of the liability of the company by whom the tax remains unpaid to corporation tax for the accounting period for which that tax was assessed.
##### 767B
- (1) In relation to corporation tax assessed under section 767A—
- (a) section 86 of the Management Act (interest on overdue tax), in so far as it has effect in relation to accounting periods ending on or before 30th September 1993, and
- (b) section 87A of that Act (corresponding provision for corporation tax due for accounting periods ending after that date),
shall have effect as if the references in section 86 to the reckonable date and in section 87A to the date when the tax becomes due and payable were, respectively, references to the date which is the reckonable date in relation to the tax-payer company and the date when the tax became due and payable by the tax-payer company.
- (1A) In relation to corporation tax assessed under section 767AA, section 87A of the Management Act shall have effect as if the references to the date when the tax becomes due and payable were references to the date when the tax became due and payable by the transferred company or the associated company (as the case may be).
- (2) A payment in pursuance of an assessment under section 767A or 767AA shall not be allowed as a deduction in computing any income, profits or losses for any tax purposes; but any person making such a payment shall be entitled to recover an amount equal to the payment from the tax-payer company or the transferred company or associated company (as the case may be).
- (3) In subsection (2) above the reference to a payment in pursuance of an assessment includes a reference to a payment of interest under section 86 or 87A of the Management Act (as they have effect by virtue of subsection (1) above).
- (4) For the purposes of sections 767A, 767AA and 767C, “*control*”, in relation to a company, shall be construed in accordance with section 416 as modified by subsections (5) and (6) below.
- (5) In subsection (2)(a) for “the greater part of” there shall be substituted “50 per cent. of”.
- (6) For subsection (3) there shall be substituted—
- (”) Where two or more persons together satisfy any of the conditions in subsection (2) above and do so by reason of having acted together to put themselves in a position where they will in fact satisfy the condition in question, each of those persons shall be treated as having control of the company.”
- (7) In section 767A(6) “*a major change in the nature or conduct of a trade or business*” includes any change mentioned in any of paragraphs (a) to (d) of section 245(4); and also includes a change falling within any of those paragraphs which is achieved gradually as the result of a series of transfers.
- (8) In section 767A(6) “*transfer*”, in relation to an asset, includes any disposal, letting or hiring of it, and any grant or transfer of any right, interest or licence in or over it, or the giving of any business facilities with respect to it.
- (9) Section 839 shall apply for the purposes of section 767A(7).
- (10) Subsection (9) of section 768 shall apply for the purposes of sections 767A and 767AA as it applies for the purposes of section 768.
##### 767C
- (1) This section applies where it appears to the Board that—
- (a) there has been a change in the ownership of a company (“the subject company"); and
- (b) in connection with that change a person (“the seller") may be or become liable to be assessed and charged to corporation tax under section 767A or 767AA.
- (2) The Board may by notice require any person to supply to them—
- (a) any document in the person’s possession or power which appears to the Board to be relevant for determining any one or more of the matters referred to in subsection (3) below; or
- (b) any particulars which appear to them to be so relevant.
- (3) Those matters are—
- (a) whether the seller is or may become liable as mentioned in subsection (1) above and the extent of the liability or potential liability; and
- (b) whether the subject company or an associated company is or may become liable to be assessed to any tax in respect of which the seller is or could become liable as mentioned in subsection (1) above, and the extent of the liability or potential liability of the subject company or associated company.
- (4) Without prejudice to the following provisions of this section, the references in subsection (2) above to documents and particulars are references to the documents and particulars specified or described in the notice.
- (5) A notice under subsection (2) above must specify the period, which must not be less than 30 days, within which the notice must be complied with.
- (6) Any person to whom any documents are supplied under this section may take copies of them or of any extracts from them.
- (7) A notice under subsection (2) above shall not oblige a person to supply any documents or particulars relating to the conduct of any pending appeal relating to tax.
- (8) In relation to any notice under subsection (2) above—
- (a) subsection (4) of section 20B of the Taxes Management Act 1970 (rules relating to copies of documents) shall apply as it applies in relation to a notice under section 20(1) of that Act; and
- (b) subsections (8) to (14) of section 20B of that Act (rules about obtaining documents etc. from professional advisers) shall apply as they apply in relation to a notice under section 20(3) of that Act but as if any reference to an inspector were a reference to the Board;
and subsection (8C) of section 20 of that Act (exclusion of personal records and journalistic material) shall apply for the purposes of this section as it applies for the purposes of that section.
- (9) In this section references, in relation to the subject company and an assessment to tax, to an associated company are references to any company which, at the time of the assessment or at an earlier time after the change in ownership—
- (a) has control of the subject company;
- (b) is a company of which the subject company has control; or
- (c) is a company under the control of the same person or persons as the subject company.
- (10) In this section “*document*” means anything in which information of any description is recorded.
##### 768A
- (1) In any case where—
- (a) within any period of three years there is both a change in the ownership of a company and (either earlier or later in that period, or at the same time) a major change in the nature or conduct of a trade carried on by the company, or
- (b) at any time after the scale of the activities in a trade carried on by a company has become small or negligible, and before any considerable revival of the trade, there is a change in the ownership of the company,
no relief shall be given under section 393A(1) by setting a loss incurred by the company in an accounting period ending after the change in ownership against any profits of an accounting period beginning before the change in ownership.
- (2) Subsections (2) to (4), (8) and (9) of section 768 shall apply for the purposes of this section as they apply for the purposes of that section.
- (3) This section applies in relation to changes in ownership occurring on or after 14th June 1991.
##### 768B
- (1) This section applies where there is a change in the ownership of a company with investment business and—
- (a) after the change there is a significant increase in the amount of the company’s capital; or
- (b) within the period of six years beginning three years before the change there is a major change in the nature or conduct of the business carried on by the company; or
- (c) the change in the ownership occurs at any time after the scale of the activities in the business carried on by the company has become small or negligible and before any considerable revival of the business.
- (2) For the purposes of subsection (1)(a) above, whether there is a significant increase in the amount of a company’s capital after a change in the ownership of the company shall be determined in accordance with the provisions of Part I of Schedule 28A.
- (3) In paragraph (b) of subsection (1) above “*major change in the nature or conduct of a business*” includes a major change in the nature of the investments held by the company, even if the change is the result of a gradual process which began before the period of six years mentioned in that paragraph.
- (4) For the purposes of this section—
- (a) the accounting period of the company in which the change in the ownership occurs shall be divided into two parts, the first the part ending with the change, the second the part after;
- (b) those parts shall be treated as two separate accounting periods; and
- (c) the amounts in issue for the accounting period being divided shall be apportioned to those parts.
- (5) In Schedule 28A—
- (a) Part II shall have effect for identifying the amounts in issue for the accounting period being divided; and
- (b) Part III shall have effect for the purpose of apportioning those amounts to the parts of that accounting period.
- (6) Any sums which—
- (a) are, or are treated as, expenses of management referable to the accounting period being divided, and
- (b) under Part III of Schedule 28A are apportioned to either part of that period,
shall be treated for the purposes of section 75 expenses of management referable to that part.
- (7) Any charges which under Part III of Schedule 28A are apportioned to either part of the accounting period being divided shall be treated for the purposes of sections 338 and 75 as paid in that part.
- (8) Any allowances which under Part III of Schedule 28A are apportioned to either part of the accounting period being divided shall be treated for the purposes of section 253 of the Capital Allowances Act and section 75(7) as falling to be made in that part.
- (9) In computing the total profits of the company for an accounting period ending after the change in the ownership, no deduction shall be made under section 75 by reference to—
- (a) expenses of management deductible or allowances falling to be made for an accounting period beginning before the change; or
- (b) charges paid in such an accounting period.
- (10) Part IV of Schedule 28A shall have effect for the purpose of restricting, in a case where this section applies, the debits and non-trading deficits to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships) in respect of the company’s loan relationships (including debits so brought into account by virtue of paragraph 14(3)of Schedule 26 to the Finance Act 2002).
- (12) Subject to the modification in subsection (13) below, subsections (6) to (9) of section 768 shall apply for the purposes of this section as they apply for the purposes of that section.
- (13) The modification is that in subsection (6) of section 768 for the words “relief in respect of a company’s losses has been restricted” there shall be substituted “deductions from a company’s total profits , or the debits to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 in the case of a company in respect of its loan relationships (or its derivative contracts by virtue of paragraph 14(3) of Schedule 26 to the Finance Act 2002), have been restricted.”
- (14) In this section “*company with investment business*” has the same meaning as in Part IV.
##### 768C
- (1) This section applies where—
- (a) there is a change in the ownership of a company with investment business (“the relevant company”);
- (b) none of paragraphs (a) to (c) of section 768B(1) applies;
- (c) after the change in the ownership the relevant company acquires an asset from another company in circumstances such that section 171(1) of the 1992 Act applies to the acquisition; and
- (d) a chargeable gain (“a relevant gain”) accrues to the relevant company on a disposal of the asset within the period of three years beginning with the change in the ownership.
- (2) For the purposes of subsection (1)(d) above an asset acquired by the relevant company as mentioned in subsection (1)(c) above shall be treated as the same as an asset owned at a later time by that company if the value of the second asset is derived in whole or in part from the first asset, and in particular where the second asset is a freehold and the first asset was a leasehold and the lessee has acquired the reversion.
- (3) For the purposes of this section—
- (a) the accounting period of the relevant company in which the change in the ownership occurs shall be divided into two parts, the first the part ending with the change, the second the part after;
- (b) those parts shall be treated as two separate accounting periods; and
- (c) the amounts in issue for the accounting period being divided shall be apportioned to those parts.
- (4) In Schedule 28A—
- (a) Part V shall have effect for identifying the amounts in issue for the accounting period being divided; and
- (b) Part VI shall have effect for the purpose of apportioning those amounts to the parts of that accounting period.
- (5) Subsections (6) to (8) of section 768B shall apply in relation to the relevant company as they apply in relation to the company mentioned in subsection (1) of that section except that any reference in those subsections to Part III of Schedule 28A shall be read as a reference to Part VI of that Schedule.
- (6) Subsections (7) and (9) below apply only where, in accordance with the relevant provisions of the 1992 Act and Part VI of Schedule 28A, an amount is included in respect of chargeable gains in the total profits for the accounting period of the relevant company in which the relevant gain accrues.
- (7) In computing the total profits of the relevant company for the accounting period in which the relevant gain accrues, no deduction shall be made under section 75 by reference to—
- (a) expenses of management deductible or allowances falling to be made for an accounting period of the relevant company beginning before the change in ownership, or
- (b) charges paid in such an accounting period,
from an amount of the total profits equal to the amount which represents the relevant gain.
- (8) For the purposes of this section, the amount of the total profits for an accounting period which represents the relevant gain is—
- (a) where the amount of the relevant gain does not exceed the amount which is included in respect of chargeable gains for that period, an amount equal to the amount of the relevant gain;
- (b) where the amount of the relevant gain exceeds the amount which is included in respect of chargeable gains for that period, the amount so included.
- (9) Part IV of Schedule 28A shall have effect for the purpose of restricting, in a case where this section applies, the debits and non-trading deficits to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships) in respect of the relevant company’s loan relationships (including debits so brought into account by virtue of paragraph 14(3) of Schedule 26 to the Finance Act 2002).
- (11) Subsections (8) and (9) of section 768 shall apply for the purposes of this section as they apply for the purposes of that section.
- (12) In this section—
- “*the relevant provisions of the 1992 Act*” means section 8(1) of and Schedule 7A to that Act; and
- “*company with investment business*” has the same meaning as in Part 4.
- (13) This section applies in relation to an asset to which Schedule 29 to the Finance Act 2002 applies (intangible fixed assets), with the following adaptations—
- (a) for the reference to section 171(1) of the 1992 Act substitute a reference to paragraph 55 of that Schedule;
- (b) for any reference to a chargeable gain under that Act substitute a reference to a chargeable realisation gain within the meaning of that Schedule that is a credit within paragraph 34(1)(a) of that Schedule (non-trading credits);
- (c) for any reference to a disposal of the asset substitute a reference to its realisation within the meaning of that Schedule;
- (d) for the reference to the relevant provisions of the 1992 Act substitute a reference to Part 6 of that Schedule.
##### 768D
- (1) This section applies where there is a change in the ownership of a company carrying on a Schedule A business and—
- (a) in the case of a company with investment business, either—
- (i) paragraph (a), (b) or (c) of section 768B(1) applies, or
- (ii) section 768C applies;
- (b) in the case of a company which is not a company with investment business, paragraph (a) or (b) of section 768(1) applies.
- (2) Where this section applies the following provisions have effect to prevent relief being given under section 392A by setting a Schedule A loss incurred by the company before the change of ownership against profits arising after the change.
- (3) The accounting period in which the change of ownership occurs is treated for that purpose as two separate accounting periods, the first ending with the change and the second consisting of the remainder of the period.
- (4) The profits or losses of the period in which the change occurs are apportioned to those two periods—
- (a) in the case of a company with investment business—
- (i) where paragraph (a), (b) or (c) of section 768B(1) applies, in accordance with Parts II and III of Schedule 28A, or
- (ii) where section 768C applies, in accordance with Parts V and VI of that Schedule, and
- (b) in the case of a company which is not a company with investment business, according to the length of the periods,
unless in any case the specified method of apportionment would work unjustly or unreasonably in which case such other method shall be used as appears just and reasonable.
- (5) Relief under section 392A(1) against total profits of the same accounting period is available only in relation to each of those periods considered separately.
- (6) A loss made in any accounting period beginning before the change of ownership may not be set off under section 392A(2) against, or deducted by virtue of section 392A(3) from—
- (a) in the case of—
- (i) a company with investment business where paragraph (a), (b) or (c) of section 768B(1) applies, or
- (ii) a company which is not a company with investment business,
profits of an accounting period ending after the change of ownership;
- (b) in the case of a company with investment business where section 768C applies, from so much of those profits as represents the relevant gain within the meaning of that section.
- (7) Subsections (8) and (9) of section 768 (time limits for assessment; information powers) apply for the purposes of this section as they apply for the purposes of that section.
- (8) In this section—
- (a) any reference to a case where paragraph (a) or (b) of section 768(1) applies includes the case where that paragraph would apply if the reference there to a trade carried on by the company were to a Schedule A business carried on by it;
- (b) “*company with investment business*” has the same meaning as in Part 4.
- (9) The provisions of this section apply in relation to an overseas property business as they apply in relation to a Schedule A business.
##### 768E
- (1) Where there is a change in the ownership of a company with investment business and either—
- (a) paragraph (a), (b) or (c) of section 768B(1) applies, or
- (b) section 768C applies,
the following provisions have effect to prevent relief being given under paragraph 35 of Schedule 29 to the Finance Act 2002 by setting a non-trading loss on intangible fixed assets incurred by the company before the change of ownership against profits arising after the change.
- (2) The accounting period in which the change of ownership occurs is treated for that purpose as two separate accounting periods, the first ending with the change and the second consisting of the remainder of the period.
- (3) The profits or losses of the period in which the change occurs are apportioned to those two periods—
- (a) where paragraph (a), (b) or (c) of section 768B(1) applies, in accordance with Parts 2 and 3 of Schedule 28A, or
- (b) where section 768C applies, in accordance with Parts 5 and 6 of that Schedule,
unless in any case the specified method of apportionment would work unjustly or unreasonably in which case such other method shall be used as appears just and reasonable.
- (4) Relief under paragraph 35 of Schedule 29 to the Finance Act 2002 against total profits of the same accounting period is available only in relation to each of those periods considered separately.
- (5) A loss made in any accounting period beginning before the change of ownership may not be set off under paragraph 35(3) of Schedule 29 to the Finance Act 2002 against—
- (a) in a case where paragraph (a), (b) or (c) of section 768B(1) applies, profits of an accounting period ending after the change of ownership;
- (b) in a case where section 768C applies, so much of those profits as represents the relevant gain within the meaning of that section.
- (6) Subsections (8) and (9) of section 768 (time limits for assessment; information powers) apply for the purposes of this section as they apply for the purposes of that section.
- (7) In this section “company with investment business” has the same meaning as in Part 4.
##### 770A
Schedule 28AA (which deals with provision made or imposed otherwise than at arm’s length) shall have effect.
#### Certified unit trusts: corporation tax.
### Factoring of income receipts etc
##### 774A
- (1) For the purposes of section 774B an arrangement is a structured finance arrangement in relation to a person (“*the borrower*”) if the following condition is met in relation to the borrower.
- (2) The condition is that—
- (a) under the arrangement the borrower receives from another person (“*the lender*”) any money or other asset (“the advance”) in any period,
- (b) in accordance with generally accepted accounting practice the accounts of the borrower for that period record a financial liability in respect of the advance,
- (c) the borrower, or a person connected with the borrower, makes a disposal of an asset (“the security”) under the arrangement to or for the benefit of the lender or a person connected with the lender,
- (d) the lender, or a person connected with the lender, is entitled under the arrangement to payments in respect of the security, and
- (e) in accordance with generally accepted accounting practice those payments reduce the amount of the financial liability in respect of the advance recorded in the accounts of the borrower.
- (3) For the purposes of this section, in any case where the borrower is a partnership, references to the accounts of the borrower include the accounts of any member of the partnership.
- (4) For the purposes of this section and section 774B—
- (a) references to a person connected with the borrower do not include the lender, and
- (b) references to a person connected with the lender do not include the borrower.
##### 774B
- (1) This section applies if an arrangement is a structured finance arrangement in relation to a person (“*the borrower*”).
- (1A) If the arrangement would (disregarding this section) have had the relevant effect (see subsections (2) and (3)), the arrangement is not to have that effect.
- (1B) If the arrangement would (disregarding this section) not have had that effect, the payments mentioned in section 774A(2)(d) are to be treated for tax purposes as income of the borrower payable in respect of the security (whether or not those payments are also the income of anyone else for tax purposes).
- (2) If the borrower is a person other than a partnership, the relevant effect is that—
- (a) an amount of income on which the borrower, or a person connected with the borrower, would otherwise have been charged to tax is not so charged,
- (b) an amount which would otherwise have been brought into account in calculating for tax purposes any income of the borrower, or of a person connected with the borrower, is not so brought into account, or
- (c) the borrower, or a person connected with the borrower, becomes entitled to an income deduction.
- (3) If the borrower is a partnership, the relevant effect is that—
- (a) an amount of income on which a member of the partnership would otherwise have been charged to tax is not so charged,
- (b) an amount which would otherwise have been brought into account in calculating for tax purposes any income of a member of the partnership is not so brought into account, or
- (c) a member of the partnership becomes entitled to an income deduction.
- (4) If—
- (a) a person in relation to whom this section applies is within the charge to income tax, and
- (b) in accordance with generally accepted accounting practice the accounts of the person record an amount as a finance charge in respect of the advance,
that person may treat the amount for income tax purposes as interest payable on a loan.
- (5) If a person in relation to whom this section applies is within the charge to corporation tax—
- (a) the advance is to be treated, in relation to the company, for the purposes of Chapter 2 of Part 4 of the Finance Act 1996 as a money debt owed by the company,
- (b) the arrangement is to be treated, in relation to the company, for the purposes of that Chapter as a loan relationship of the company (as a debtor relationship), and
- (c) any amount which, in accordance with generally accepted accounting practice, is recorded in the accounts of the company as a finance charge in respect of the advance is to be treated as interest payable under that relationship.
- (6) For the purposes of this section, in any case where the borrower is a partnership,—
- (a) references to accounts include the accounts of the partnership, and
- (b) any deemed interest is treated as payable by the partnership (whether or not the finance charge is recorded in the accounts of the partnership).
- (7) For the purpose of determining when any deemed interest in respect of the advance is paid—
- (a) the payments mentioned in section 774A(2)(d) are treated as consisting of amounts for repaying the advance and amounts (“the interest elements”) in respect of interest on the advance, and
- (b) the interest elements of those payments are treated as paid when those payments are paid,
and the deemed interest in respect of the advance is treated as paid at the times when the interest elements are treated as paid.
- (8) In this section “*deemed interest*” means any amount which is treated as interest as a result of subsection (4) or (5).
- (9) This section is subject to the exceptions contained in section 774E.
##### 774C
- (1) For the purposes of section 774D an arrangement is a structured finance arrangement in relation to a partnership (“the borrower partnership”) if condition A or B is met in relation to the borrower partnership.
- (2) Condition A is that—
- (a) a person (“the transferor partner”) disposes of an asset (“the security”) under the arrangement to the borrower partnership,
- (b) the transferor partner is a member of the borrower partnership immediately after the disposal (whether or not a member immediately before the disposal),
- (c) under the arrangement the borrower partnership receives from another person (“*the lender*”) any money or other asset (“the advance”) in any period,
- (d) in accordance with generally accepted accounting practice the accounts of the borrower partnership for that period record a financial liability in respect of the advance,
- (e) there is a relevant change in relation to the membership of the borrower partnership involving the lender or a person connected with the lender (see subsection (6)),
- (f) under the arrangement the share of the lender or person connected with the lender in the profits of the borrower partnership is determined by reference (wholly or partly) to payments in respect of the security, and
- (g) in accordance with generally accepted accounting practice those payments reduce the amount of the financial liability in respect of the advance recorded in the accounts of the borrower partnership.
- (3) For the purposes of condition A, references to the accounts of the borrower partnership include the accounts of the transferor partner.
- (4) Condition B is that—
- (a) the borrower partnership holds an asset (“the security”) as a partnership asset at any time before the arrangement is made,
- (b) under the arrangement the borrower partnership receives from another person (“*the lender*”) any money or other asset (“the advance”) in any period,
- (c) in accordance with generally accepted accounting practice the accounts of the borrower partnership for that period record a financial liability in respect of the advance,
- (d) there is a relevant change in relation to the membership of the borrower partnership involving the lender or a person connected with the lender,
- (e) under the arrangement the share of the lender or person connected with the lender in the profits of the borrower partnership is determined by reference (wholly or partly) to payments in respect of the security, and
- (f) in accordance with generally accepted accounting practice those payments reduce the amount of the financial liability in respect of the advance recorded in the accounts of the borrower partnership.
- (5) For the purposes of condition B, references to the accounts of the borrower partnership include the accounts of any person who is a member of the partnership immediately before the arrangement is made.
- (6) For the purposes of this section and section 774D there is a relevant change in relation to the membership of the borrower partnership involving the lender or a person connected with the lender if directly or indirectly in consequence of, or otherwise in connection with, the arrangement—
- (a) the lender, or a person connected with the lender, becomes a member of the borrower partnership at any time, or
- (b) there is at any time a change in the share of a member of the borrower partnership in the profits of the borrower partnership in a case where that member is the lender or a person connected with the lender.
- (7) For the purposes of subsection (6)(b) the reference to a person connected with the lender includes a person who at any time becomes connected with the lender directly or indirectly in consequence of, or otherwise in connection with, the arrangement.
##### 774D
- (1) This section applies if—
- (a) an exempt period in relation to a controlled foreign company ends in accordance with paragraph 15F(2) of Schedule 25 (time exempt period ends if there is an early termination event), other than by reason of an early termination event within paragraph 15F(3)(b),
- (b) an accounting period (“*the relevant accounting period*”) of the company ends after that exempt period but before the time the exempt period would have ended had paragraph 15F(2) of that Schedule not applied,
- (c) an apportionment under section 747(3) would fall to be made as regards the relevant accounting period, and
- (d) a company resident in the United Kingdom (“the UK resident company”) has a relevant interest in the controlled foreign company in that period.
- (2) The UK resident company may make an application to the Commissioners for Her Majesty's Revenue and Customs for the chargeable profits of the controlled foreign company for that accounting period (“the chargeable profits”) to be reduced to an amount (“*the specified amount*”) specified in the application (which may be nil).
- (3) If the Commissioners grant the application—
- (a) the chargeable profits are treated as reduced to the specified amount, and
- (b) the controlled foreign company's creditable tax (if any) for that period is treated as reduced by so much of that tax as, on a just and reasonable basis, relates to the reduction in the chargeable profits,
for the purpose of applying section 747(3) to (5) for determining the sum (if any) chargeable on the UK resident company under section 747(4)(a) (but for no other purpose).
- (4) The Commissioners may grant the application only if—
- (a) they are satisfied that the specified amount is not less than the relevant amount, and
- (b) they have not previously granted an application made by the UK resident company in respect of the relevant accounting period under section 751A or 751AB.
- (5) “*The relevant amount*” means the amount (if any) equal to so much of the chargeable profits as it is just and reasonable to regard as referable to—
- (a) the relevant transaction which triggered the end of the exempt period, or
- (b) any later relevant transaction occurring before the time the exempt period would have ended had paragraph 15F(2) of Schedule 25 not applied.
- (6) “*Relevant transaction*” has the meaning given by paragraph 15E of Schedule 25 (and it does not matter if the transaction occurs pursuant to an agreement entered into by the controlled foreign company before the relevant time (within the meaning of paragraph 15G of that Schedule)).
#### Election as to tax exempt business.
##### 751B
- (1) An application by a company under section 751A—
- (a) must be made in such form as the HMRC Commissioners may determine,
- (b) must be accompanied by such documents (or copies of documents) in the company's possession or power as those Commissioners may reasonably require for the purpose of determining whether to grant the application, and
- (c) must contain such information as those Commissioners may reasonably require for that purpose.
- (2) An application by a company under section 751A—
- (a) may be made at any time on or before the filing date (within the meaning of Schedule 18 to the Finance Act 1998) for the relevant company tax return of the company, and
- (b) may be amended or withdrawn at any time before the application is determined by those Commissioners.
- (3) If an application by a company under section 751A is granted after the company has delivered its relevant company tax return, it has 30 days beginning with the day on which the application is granted in which to amend that return to give effect to section 751A.
- (4) The time limits otherwise applicable to an amendment of a company tax return do not prevent an amendment being made under subsection (3).
- (5) If the HMRC Commissioners refuse an application by a company under section 751A, the company may appeal to the Special Commissioners against the refusal.
- (6) Notice of an appeal must be given in writing to the HMRC Commissioners within 30 days after the application is refused.
- (7) On an appeal—
- (a) if the Special Commissioners are satisfied that the relevant amount is a different amount from the amount specified in the application, they must direct the HMRC Commissioners to grant the application as if the amount specified in it were that different amount,
- (b) if the Special Commissioners are satisfied that the relevant amount is the amount specified in the application, they must direct the HMRC Commissioners to grant the application, and
- (c) in any other case, the Special Commissioners must confirm the refusal.
- (8) For the purposes of subsection (7) “*the relevant amount*” means the amount (if any) equal to so much of the chargeable profits mentioned in subsection (4) of section 751A as can reasonably be regarded as representing the value mentioned in that subsection.
- (9) Part 5 of the Management Act (appeals against assessments to tax), apart from section 50, applies in relation to an appeal under this section as it applies in relation to an appeal against an assessment to tax.
- (10) In this section “*relevant company tax return*”, in relation to a company, means the return for the accounting period for which—
- (a) any sum is chargeable on the company under section 747(4)(a), or
- (b) any sum would be so chargeable but for section 751A,
in respect of the chargeable profits of the controlled foreign company for the accounting period mentioned in section 751A(1).
- (11) In this section “*the HMRC Commissioners*” means the Commissioners for Her Majesty's Revenue and Customs.
#### Maximum benefits payable to members.
##### 752A
- (1) This section has effect for the purpose of determining for the purposes of this Chapter who has a relevant interest in a controlled foreign company at any time; and references in this Chapter to relevant interests shall be construed accordingly.
- (2) A UK resident company which has a direct or indirect interest in a controlled foreign company has a relevant interest in the company by virtue of that interest unless subsection (3) below otherwise provides.
- (3) A UK resident company which has an indirect interest in a controlled foreign company does not have a relevant interest in the company by virtue of that interest if it has the interest by virtue of having a direct or indirect interest in another UK resident company.
- (4) A related person who has a direct or indirect interest in a controlled foreign company has a relevant interest in the company by virtue of that interest unless subsection (5) or (6) below otherwise provides.
- (5) A related person who has an indirect interest in a controlled foreign company does not have a relevant interest in the company by virtue of that interest if he has the interest by virtue of having a direct or indirect interest in—
- (a) a UK resident company; or
- (b) another related person.
- (6) A related person who has a direct or indirect interest in a controlled foreign company does not have a relevant interest in the company by virtue of that interest to the extent that a UK resident company—
- (a) has the whole or any part of the same interest indirectly, by virtue of having a direct or indirect interest in the related person, and
- (b) by virtue of that indirect interest in the controlled foreign company, has a relevant interest in the company by virtue of subsection (2) above.
- (7) A person who—
- (a) has a direct interest in a controlled foreign company, but
- (b) does not by virtue of subsections (2) to (6) above have a relevant interest in the company by virtue of that interest,
has a relevant interest in the company by virtue of that interest unless subsection (8) below otherwise provides.
- (8) A person does not by virtue of subsection (7) above have a relevant interest in a controlled foreign company by virtue of having a direct interest in the company to the extent that another person—
- (a) has the whole or any part of the same interest indirectly, and
- (b) by virtue of that indirect interest, has a relevant interest in the company by virtue of subsections (2) to (6) above.
- (9) No person has a relevant interest in a controlled foreign company otherwise than as provided by subsections (2) to (8) above.
- (10) In this section—
- “*related person*” means a person who—is not a UK resident company, butis connected or associated with a UK resident company which has by virtue of subsection (2) above a relevant interest in the controlled foreign company in question;
- “*UK resident company*” means a company resident in the United Kingdom.
##### 752B
- (1) For the purposes of section 752(3) above, where a person has a relevant interest in a controlled foreign company by virtue of indirectly holding issued ordinary shares of the company, the percentage of the issued ordinary shares of the company which the relevant interest represents is equal to—
$$P×S$where—P is the product of the appropriate fractions of that person and each of the share-linked companies through which he indirectly holds the shares in question, other than the lowest share-linked company; andS is the percentage of issued ordinary shares of the controlled foreign company which is held directly by the lowest share-linked company.$
- (2) In subsection (1) above and this subsection—
- “the appropriate fraction", in the case of a person who directly holds ordinary shares of a share-linked company, means that fraction of the issued ordinary shares of that company which his holding represents;
- “*the lowest share-linked company*”, in relation to a person who indirectly holds ordinary shares of a controlled foreign company, means the share-linked company which directly holds the shares in question;
- “*share-linked company*” means a company which is share-linked to the controlled foreign company in question.
- (3) Where a person has different indirect holdings of shares of the controlled foreign company (as in a case where different shares are held through different companies which are share-linked to the controlled foreign company)—
- (a) subsection (1) above shall apply separately in relation to the different holdings with any necessary modifications; and
- (b) for the purposes of section 752(3) above the percentage of the issued ordinary shares of the company which the relevant interest represents is the aggregate of the percentages resulting from those separate applications.
- (4) Where, for the purposes of subsection (3) of section 752, the percentage of the issued ordinary shares of the controlled foreign company which a person directly or indirectly holds varies during the relevant accounting period, he shall be treated for the purposes of that subsection as holding throughout that period that percentage of the issued ordinary shares of the company which is equal to the sum of the relevant percentages for each holding period in the relevant accounting period.
- (5) For the purposes of subsection (4) above—
- “holding period", in the case of any person, means a part of the relevant accounting period during which the percentage of the issued ordinary shares of the controlled foreign company which the person holds (whether directly or indirectly) remains the same;
- “the relevant percentage", in the case of a holding period, means the percentage equal to—$P×HA$where—P is the percentage of the issued ordinary shares of the controlled foreign company which the person in question directly or indirectly holds in the holding period, as calculated in accordance with subsections (1) to (3) above so far as applicable;H is the number of days in the holding period; andA is the number of days in the relevant accounting period.
##### 752C
- (1) In this section “*the relevant provisions*” means sections 752 to 752B and this section.
- (2) For the purposes of the relevant provisions—
- (a) a person has a direct interest in a company if (and only if) he has an interest in the company otherwise than by virtue of having an interest in another company;
- (b) a person has an indirect interest in a company if (and only if) he has an interest in the company by virtue of having an interest in another company;
- (c) a person indirectly holds shares of a controlled foreign company if (and only if) he directly holds ordinary shares of a company which is share-linked to the controlled foreign company.
- (3) For the purposes of the relevant provisions, a company is “share-linked" to a controlled foreign company if it has an interest in the controlled foreign company only by virtue of directly holding ordinary shares—
- (a) of the controlled foreign company, or
- (b) of the controlled foreign company or of one or more companies which are share-linked to the controlled foreign company by virtue of paragraph (a) above, or
- (c) of the controlled foreign company or of one or more companies which are share-linked to the controlled foreign company by virtue of paragraph (a) or (b) above,
and so on.
- (4) For the purposes of the relevant provisions, a company (“company A") has an intermediate interest in a controlled foreign company if (and only if)—
- (a) it has a direct or indirect interest in the controlled foreign company; and
- (b) one or more other persons have relevant interests in the controlled foreign company by virtue of having a direct or indirect interest in company A.
- (5) Any interest or shares held by a nominee or bare trustee shall be treated for the purposes of the relevant provisions as held by the person or persons for whom the nominee or bare trustee holds the interest or shares.
- (6) Where—
- (a) an interest in a controlled foreign company is held in a fiduciary or representative capacity, and
- (b) subsection (5) above does not apply, but
- (c) there are one or more identifiable beneficiaries,
the interest shall be treated for the purposes of the relevant provisions as held by that beneficiary or, as the case may be, as apportioned on a just and reasonable basis among those beneficiaries.
- (7) In the relevant provisions—
- “*bare trustee*” means a person acting as trustee—for a person absolutely entitled as against the trustee; orfor any person who would be so entitled but for being a minor or otherwise under a disability; orfor two or more persons who are or would, but for all or any of them being a minor or otherwise under a disability, be jointly so entitled;
- “ordinary shares", in the case of any company, means shares of a single class, however described, which is the only class of shares issued by the company;
- “*the relevant accounting period*” means the accounting period mentioned in section 752(1);
- “*share*” includes a reference to a fraction of a share.
##### 754A
- (1) This section applies where—
- (a) a company resident in the United Kingdom (“the UK company") has an interest in a controlled foreign company at any time during an accounting period of the controlled foreign company;
- (b) the UK company delivers a company tax return; and
- (c) at the time when the UK company delivers the company tax return, it is not established whether or not the controlled foreign company has pursued an acceptable distribution policy in relation to the accounting period.
- (2) If the UK company is of the opinion that the controlled foreign company is likely to pursue an acceptable distribution policy in relation to the accounting period, the UK company shall make the company tax return on the basis that the accounting period of the controlled foreign company is one in relation to which the controlled foreign company pursues such a policy.
- (3) If the UK company is not of the opinion that the controlled foreign company is likely to pursue an acceptable distribution policy in relation to the accounting period, the UK company shall make the company tax return on the basis that the accounting period of the controlled foreign company is one in relation to which the controlled foreign company does not pursue such a policy.
- (4) In any case where—
- (a) the UK company acts in pursuance of subsection (2) above, but
- (b) it becomes established that the controlled foreign company has not pursued an acceptable distribution policy in relation to the accounting period,
the UK company shall amend the company tax return on the basis that the accounting period is not one in relation to which the controlled foreign company pursues an acceptable distribution policy.
- (5) In any case where—
- (a) the UK company acts in pursuance of subsection (3) above, but
- (b) it becomes established that the controlled foreign company has pursued an acceptable distribution policy in relation to the accounting period,
the UK company shall amend the company tax return on the basis that the accounting period is one in relation to which the controlled foreign company pursues an acceptable distribution policy.
- (6) Any amendment required to be made to the company tax return by virtue of subsection (4) or (5) above (“*an ADP amendment*”) shall be made by the UK company before the expiration of the period of 30 days next following the end of the period allowed for establishing an ADP in relation to the accounting period of the controlled foreign company.
- (7) Subject to subsection (8) below, the making of any ADP amendment is subject to, and must be in accordance with, the other provisions of the Corporation Tax Acts as they apply for the purposes of this Chapter.
- (8) The time limits otherwise applicable to amendment of a company tax return do not apply to an ADP amendment.
- (9) A company which fails to make an ADP amendment required by subsection (4) above within the time allowed for doing so shall be liable to a tax-related penalty under paragraph 20 of Schedule 18 to the Finance Act 1998 (penalty, not exceeding amount of tax understated, for incorrect or uncorrected return).
- (10) For the purposes of this section, if it has not previously been established whether or not the controlled foreign company has pursued an acceptable distribution policy in relation to the accounting period, it shall be taken to be established immediately after the end of the period allowed for establishing an ADP in relation to that accounting period.
- (11) In this section, “*the period allowed for establishing an ADP*” means, in relation to an accounting period of a controlled foreign company, the period ending with the expiration of—
- (a) subject to paragraph (b) below, the period of eighteen months next following the end of the accounting period; or
- (b) if the Board have, in the case of the accounting period, allowed further time under paragraph 2(1)(b) of Schedule 25, the further time so allowed.
- (12) In this section any reference to a controlled foreign company pursuing an acceptable distribution policy in relation to an accounting period shall be construed in accordance with Part I of Schedule 25.
##### 754B
- (1) This section has effect where a determination requiring the Board’s sanction is made for any of the following purposes, that is to say—
- (a) the giving of a closure notice; or
- (b) the making of a discovery assessment.
- (2) If the closure notice or, as the case may be, notice of the discovery assessment is given to any person without—
- (a) the determination, so far as it is taken into account in the closure notice or the discovery assessment, having been approved by the Board, or
- (b) notification of the Board’s approval having been served on that person at or before the time of the giving of the notice,
the closure notice or, as the case may be, the discovery assessment shall be deemed to have been given or made (and in the case of an assessment notified) in the terms (if any) in which it would have been given or made had that determination not been taken into account.
- (3) A notification under subsection (2)(b) above—
- (a) must be in writing;
- (b) must state that the Board have given their approval on the basis that—
- (i) an amount of chargeable profits, and
- (ii) an amount of creditable tax (which may be nil),
for the accounting period of the controlled foreign company in question fall to be apportioned under section 747(3) to the person in question;
- (c) must state the amounts mentioned in sub-paragraphs (i) and (ii) of paragraph (b) above; and
- (d) subject to paragraphs (a) to (c) above, may be in such form as the Board may determine.
- (4) For the purposes of this section, the Board’s approval of a determination requiring their sanction—
- (a) must be given specifically in relation to the case in question and must apply to the amount determined; but
- (b) subject to that, may be given by the Board (either before or after the making of the determination) in any such form or manner as they may determine.
- (5) In this section references to a determination requiring the Board’s sanction are references (subject to subsection (6) below) to any determination of the amount of chargeable profits or creditable tax for an accounting period of a controlled foreign company which falls to be apportioned to a particular person under section 747(3).
- (6) For the purposes of this section, a determination shall be taken, in relation to a closure notice or a discovery assessment, not to be a determination requiring the Board’s sanction if—
- (a) an agreement about the relevant amounts has been made between an officer of the Board and the person in whose case it is made;
- (b) that agreement is in force at the time of the giving of the closure notice or, as the case may be, notice of the assessment; and
- (c) the matters to which the agreement relates include the amount determined.
- (7) In paragraph (a) of subsection (6) above, “*the relevant amounts*” means—
- (a) the amount of chargeable profits, and
- (b) the amount of creditable tax (which may be nil),
for the accounting period of the controlled foreign company in question which fall to be apportioned under section 747(3) to the person mentioned in that paragraph.
- (8) For the purposes of subsection (6) above an agreement made between an officer of the Board and any person (“the taxpayer") in relation to any matter shall be taken to be in force at any time if, and only if—
- (a) the agreement is one which has been made or confirmed in writing;
- (b) that time is after the end of the period of thirty days beginning—
- (i) in the case of an agreement made in writing, with the day of the making of the agreement, and
- (ii) in any other case, with the day of the agreement’s confirmation in writing; and
- (c) the taxpayer has not, before the end of that period of thirty days, served a notice on an officer of the Board stating that he is repudiating or resiling from the agreement.
- (9) The references in subsection (8) above to the confirmation in writing of an agreement are references to the service on the taxpayer by an officer of the Board of a notice—
- (a) stating that the agreement has been made; and
- (b) setting out the terms of the agreement.
- (10) The matters that may be questioned on so much of any appeal by virtue of any provision of the Management Act or Schedule 18 to the Finance Act 1998 (company tax returns, assessments and related matters) as relates to a determination the making of which has been approved by the Board for the purposes of this section shall not include the Board’s approval, except to the extent that the grounds for questioning the approval are the same as the grounds for questioning the determination itself.
- (11) In this section—
- “*closure notice*” means a notice under paragraph 32 of Schedule 18 to the Finance Act 1998 (completion of enquiry and statement of conclusions);
- “*discovery assessment*” means a discovery assessment or discovery determination under paragraph 41 of that Schedule (including an assessment by virtue of paragraph 52 of that Schedule).
##### 755A
- (a) an arrangement is a structured finance arrangement in relation to a partnership (“the borrower partnership”), and
- (b) any relevant change in relation to the membership of the borrower partnership involving the lender or a person connected with the lender would (disregarding this section) have had the following effect.
- (2) The effect is that—
- (a) an amount of income on which a relevant member of the borrower partnership would otherwise have been charged to tax is not so charged,
- (b) an amount which would otherwise have been brought into account in calculating for tax purposes any income of a relevant member of the borrower partnership is not so brought into account, or
- (c) a relevant member of the borrower partnership becomes entitled to an income deduction.
- (2A) In determining whether the condition in subsection (1)(b) is met it is to be assumed that amounts of income equal to the payments mentioned in section 774C(2)(f) or (4)(e) were payable to the borrower partnership before the time at which the relevant change in relation to its membership involving the lender or a person connected with the lender occurs.
- (3) In this section “*relevant member of the borrower partnership*” means—
- (a) in any case where condition A in section 774C is met in relation to the arrangement, the transferor partner, and
- (b) in any case where condition B in that section is met in relation to the arrangement, any person other than the lender who is a member of the borrower partnership immediately before the time at which the relevant change in relation to the membership of the borrower partnership involving the lender or a person connected with the lender occurs.
- (4) Part 9 of ITTOIA 2005 and section 114 above are to have effect in relation to any relevant member of the borrower partnership as if the relevant change in relation to the membership of the borrower partnership involving the lender or a person connected with the lender had not occurred.
Accordingly, the structured finance arrangement is not to have the effect mentioned in subsection (2).
- (5) The following provisions of this section confer relief from tax the availability of which depends on which of the conditions in section 774C is met in relation to the arrangement.
- (6) In any case where condition A in section 774C is met, if—
- (a) the transferor partner is a person within the charge to income tax, and
- (b) in accordance with generally accepted accounting practice the accounts of the borrower partnership record an amount as a finance charge in respect of the advance,
the transferor partner may treat the amount for income tax purposes as interest payable by the transferor partner on a loan.
- (7) In any case where condition A in that section is met, if the transferor partner is a company within the charge to corporation tax—
- (a) the advance is to be treated, in relation to the company, for the purposes of paragraph 19 of Schedule 9 to the Finance Act 1996 (and the other provisions of Chapter 2 of Part 4 of that Act) as a money debt owed by the borrower partnership,
- (b) the arrangement is to be treated, in relation to the company, as a transaction for the lending of money from which that debt is treated as arising for those purposes, and
- (c) any amount which, in accordance with generally accepted accounting practice, is recorded in the accounts of the borrower partnership as a finance charge in respect of the advance is to be treated as interest payable by the company under that transaction.
- (8) For the purposes of subsections (6) and (7), references to the accounts of the borrower partnership include the accounts of the transferor partner.
- (9) In any case where condition B in section 774C is met, if—
- (a) a relevant member of the borrower partnership is a person within the charge to income tax, and
- (b) in accordance with generally accepted accounting practice the accounts of the borrower partnership record an amount as a finance charge in respect of the advance,
the relevant partner may treat the amount for income tax purposes as interest payable by the borrower partnership on a loan.
- (10) In any case where condition B in that section is met, if a relevant member of the borrower partnership is a company within the charge to corporation tax—
- (a) the advance is to be treated, in relation to the company, for the purposes of paragraph 19 of Schedule 9 to the Finance Act 1996 (and the other provisions of Chapter 2 of Part 4 of that Act) as a money debt owed by that partnership,
- (b) the arrangement is to be treated, in relation to the company, as a transaction for the lending of money from which that debt is treated as arising for those purposes, and
- (c) any amount which, in accordance with generally accepted accounting practice, is recorded in the accounts of the borrower partnership as a finance charge in respect of the advance is to be treated as interest payable by the borrower partnership under that transaction.
- (11) For the purposes of subsections (9) and (10), references to the accounts of the borrower partnership include the accounts of any relevant member of the borrower partnership.
- (12) For the purpose of determining when any deemed interest in respect of the advance is paid—
- (a) the payments mentioned in section 774C(2)(f) or (4)(e) are treated as consisting of amounts for repaying the advance and amounts (“the interest elements”) in respect of interest on the advance, and
- (b) the interest elements of those payments are treated as paid when those payments are paid,
and the deemed interest in respect of the advance is treated as paid at the times when the interest elements are treated as paid.
- (13) In this section “*deemed interest*” means any amount which is treated as interest as a result of any of subsections (6) to (10).
- (14) This section is subject to the exceptions contained in section 774E.
##### 774E
- (1) Section 774B or 774D does not apply if the whole of the advance under the structured finance arrangement—
- (a) is charged to tax on a relevant person (see subsection (7)) as an amount of income,
- (b) is brought into account in calculating for tax purposes any income of a relevant person, or
- (c) is brought into account for the purposes of any provision of the Capital Allowances Act as a disposal receipt, or proceeds from a balancing event or disposal event, of a relevant person.
For the purposes of this subsection the effect of section 785A (rent factoring of leases of plant or machinery) is to be disregarded.
- (2) Subsection (1)(c) is not to be taken as met in any case where—
- (a) the receipt or proceeds gives rise to a balancing charge, and
- (b) the amount of the balancing charge is limited by any provision of the Capital Allowances Act.
- (3) Section 774B or 774D does not apply if, at all times, the whole of the advance under the structured finance arrangement—
- (a) is a debtor relationship of a relevant person for the purposes of Chapter 2 of Part 4 of the Finance Act 1996 (loan relationships), or
- (b) would be a debtor relationship of a relevant person for those purposes if that person were a company within the charge to corporation tax.
For the purposes of this subsection references to a debtor relationship do not include a relationship to which section 100 of the Finance Act 1996 (money debts etc not arising from the lending of money) applies.
- (4) Section 774B or 774D does not apply in so far as the structured finance arrangement is an arrangement in relation to which—
- (a) section 263A of the 1992 Act (agreements for sale and repurchase of securities) applies,
- (b) Schedule 13 to the Finance Act 2007 (sale and repurchase of securities) applies, or
- (c) Chapter 5 of Part 2 of the Finance Act 2005 (alternative finance arrangements) has effect.
- (5) Section 774B or 774D does not apply in so far as—
- (a) the security under the structured finance arrangement is plant or machinery which is the subject of a sale and finance leaseback, or
- (b) the structured finance arrangement is an arrangement in relation to which sections 228B and 228C of the Capital Allowances Act apply with the modifications contained in section 228F of that Act (lease and finance leaseback).
- (6) For the purposes of subsection (5)(a), whether plant or machinery is the subject of a sale and finance leaseback is determined in accordance with section 221 of the Capital Allowances Act.
But, in applying that section, it is to be assumed that the words “and which are not a long funding lease in the case of the lessor” were omitted from section 219(1)(b) of that Act (meaning of “finance lease”).
- (7) For the purposes of this section a “*relevant person*” means—
- (a) if section 774B applies, the borrower under the structured finance arrangement, a person connected with that borrower or (if that borrower is a partnership) a member of the partnership, and
- (b) if section 774D applies, a relevant member of the borrower partnership (within the meaning of that section).
##### 774F
- (1) The Treasury may make regulations prescribing other circumstances in which section 774B or 774D is not to apply in relation to a structured finance arrangement.
- (2) Any regulations under subsection (1) may make provision amending section 774E.
- (3) The power to make regulations under subsection (1) includes—
- (a) power to make provision having effect in relation to times before the making of the regulations (but not times earlier than 6th June 2006),
- (b) power to make different provision for different cases or different purposes, and
- (c) power to make incidental, supplemental, consequential or transitional provision and savings.
##### 774G
- (1) For the purposes of sections 774A to 774D “*arrangement*” includes any agreement or understanding (whether or not legally enforceable).
- (2) For the purposes of sections 774A to 774D “*income deduction*” means—
- (a) a deduction in calculating any income for tax purposes, or
- (b) a deduction against total income or total profits.
- (3) For the purposes of sections 774A to 774D—
- (a) references to a person's receiving any asset include—
- (i) the person's obtaining directly or indirectly the value of any asset or otherwise deriving directly or indirectly any benefit from it, and
- (ii) the discharge (in whole or in part) of any liability of the person,
- (b) references to a disposal of an asset include anything which constitutes a disposal of the asset for the purposes of the 1992 Act,
- (c) references to payments in respect of any asset include—
- (i) payments in respect of any other asset substituted for it under the arrangement, and
- (ii) obtaining directly or indirectly the value of any asset or otherwise deriving directly or indirectly any benefit from it.
- (4) For the purposes of sections 774A to 774D, section 839 (connected persons) applies.
- (5) For the purposes of sections 774A to 774D references to the accounts of any person who is a company include the consolidated group accounts of a group of companies of which it is a member.
- (5A) In determining for the purposes of sections 774A to 774D whether an amount is recorded as a financial liability in respect of the advance it is to be assumed that the period of account in which the advance is received ended immediately after the receipt of the advance.
- (6) If any person does not draw up accounts in accordance with generally accepted accounting practice, sections 774A to 774D apply as if the accounts had been drawn up by the person in accordance with that practice.
- (7) Sections 277 to 281 of ITTOIA 2005 and section 34 above (lease premiums) are not to apply in relation to a premium paid in respect of a grant of a lease where the grant constitutes a disposal of an asset for the purposes of section 774A(2)(c) or 774C(2)(a).
##### 775A
- (1) This section applies in any case where—
- (a) an amount (“the apportioned profit") of a controlled foreign company’s chargeable profits for an accounting period falls to be apportioned under section 747(3) to a company resident in the United Kingdom (“the UK company");
- (b) the UK company carries on life assurance business in that one of its accounting periods (“the relevant accounting period") in which ends the accounting period of the controlled foreign company; and
- (c) the property or rights which represent the UK company’s relevant interest in the controlled foreign company constitute to any extent assets of the UK company’s long-term insurance fund.
- (2) Subsections (3) and (4) below apply if, in the case of the relevant accounting period, the UK company is charged to tax under the I minus E basis in respect of life assurance business.
- (3) Where this subsection applies, the “*appropriate rate*” for the purposes of section 747(4)(a) and paragraph 1 of Schedule 26 in relation to the policy holders’ part of any BLAGAB apportioned profit shall be—
- (a) if a single rate of tax under section 88(1) of the Finance Act 1989 (lower corporation tax rate on certain insurance company profits) is applicable in relation to the relevant accounting period, that rate; or
- (b) if more than one such rate of tax is applicable in relation to the relevant accounting period, the average of those rates over the whole of that period.
- (4) Where this subsection applies, the “*appropriate rate*” for the purposes of section 747(4)(a) and paragraph 1 of Schedule 26 shall be nil in relation to so much of the apportioned profit as is referable to gross roll-up business carried on by the UK company.
- (4A) In any case where—
- (a) paragraph 4 of Schedule 26 to this Act applies to a dividend received by the UK company, and
- (b) but for this subsection, subsection (4) of section 804B of this Act would apply to that dividend,
the amount of credit for foreign tax in respect of that dividend shall be treated, for the purposes of that section, as wholly attributable to basic life assurance and general annuity business.
- (5) If, in the case of the relevant accounting period, the UK company is charged to tax under Case I of Schedule D in respect of its profits from life assurance business, the “*appropriate rate*” for the purposes of—
- (a) section 747(4)(a), and
- (b) paragraph 1 of Schedule 26,
shall be nil in relation to so much of the apportioned profit as is referable to the UK company’s relevant interest so far as represented by assets of its long-term insurance fund.
- (6) If, in the case of the relevant accounting period,—
- (a) the UK company is charged to tax under the I minus E basis in respect of life assurance business,
- (b) any creditable tax of the controlled foreign company falls to be apportioned to the UK company, and
- (c) the apportioned profit is to any extent referable to gross roll-up business,
so much of the creditable tax so apportioned as is attributable to the apportioned profit so far as so referable shall be left out of account for the purposes of this Chapter, other than section 747(3) and this section, and shall be treated as extinguished.
- (7) If, in the case of the relevant accounting period,—
- (a) the UK company is charged to tax under Case I of Schedule D in respect of its profits from life assurance business, and
- (b) any creditable tax of the controlled foreign company falls to be apportioned to the UK company,
so much of the creditable tax so apportioned as is attributable to so much of the apportioned profit as is referable to the UK company’s relevant interest so far as represented by assets of the UK company’s long-term insurance fund shall be left out of account for the purposes of this Chapter, other than section 747(3) and this section, and shall be treated as extinguished.
- (8) Any set off under paragraph 1 . . . of Schedule 26 against the UK company’s liability to tax under section 747(4)(a) in respect of the apportioned profit shall be made against only so much of that liability as is attributable to the eligible part of the apportioned profit.
- (9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (10) For the purposes of this section, the “eligible part" of the apportioned profit is any BLAGAB apportioned profit, other than the policy holders’ part.
- (11) For the purposes of this section the policy holders' part of any BLAGAB apportioned profit is—
- (a) where subsection (11A) below applies, the whole of that profit, and
- (b) in any other case, the relevant fraction (within the meaning of subsection (11B) below) of that profit.
- (11A) This subsection applies if—
- (a) the UK company’s life assurance business is mutual business,
- (b) the policy holders' share of the UK company’s relevant profits for the relevant accounting period is equal to all those profits, or
- (c) the policy holders' share of the UK company’s relevant profits for the relevant accounting period is more than its BLAGAB profits for that period.
- (11B) The relevant fraction for the purposes of subsection (11)(b) above is the fraction arrived at by dividing—
- (a) the policy holders' share of the UK company’s relevant profits for the relevant accounting period, by
- (b) the UK company’s BLAGAB profits for that period.
- (11C) In subsections (11A) and (11B) above—
- (a) references to the policy holders' share of the UK company’s share of the relevant profits are to be construed in accordance with sections 88(3) and 89 of the Finance Act 1989, and
- (b) references to the UK company’s BLAGAB profits are to be construed in accordance with section 89(1B) of that Act.
- (12) In this section—
- “*BLAGAB apportioned profit*” means so much of the apportioned profit as is referable to basic life assurance and general annuity business carried on by the UK company;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (13) For the purposes of this section, the part of the apportioned profit which is referable to—
- (a) basic life assurance and general annuity business, or
- (ba) gross roll-up business,
carried on by the UK company is the part which would have been so referable under section 432A had the apportioned profit been a dividend paid to the UK company at the end of the accounting period mentioned in subsection (1)(a) above in respect of the property or rights which represent the UK company’s relevant interest in the controlled foreign company.
- (14) For the purposes of this section, any attribution of creditable tax to a particular part of the apportioned profit shall be made in the proportion which that part of the apportioned profit bears to the whole of the apportioned profit.
##### 755B
- (1) This section applies where—
- (a) a controlled foreign company carries on general insurance business in an accounting period;
- (b) an amount of the company’s chargeable profits, and an amount of its creditable tax (if any), for that accounting period falls to be apportioned under section 747(3) to a company resident in the United Kingdom (“the UK company");
- (c) the UK company delivers a company tax return for that one of its accounting periods in which the controlled foreign company’s accounting period ends; and
- (d) in making or amending the return, the UK company has regard to accounts of the controlled foreign company drawn up using a method falling within subsection (2) below.
- (2) The methods which fall within this subsection are—
- (a) the method described in paragraph 52 of Schedule 9A to the Companies Act 1985 (which provides for a technical provision to be made in the accounts which is later replaced by a provision for estimated claims outstanding); and
- (b) any method which would have fallen within paragraph (a) above, had final replacement of the technical provision, as described in sub-paragraph (4) of paragraph 52 of that Schedule, taken place, and been required to take place, no later than the end of the year referred to in that sub-paragraph as the third year following the underwriting year.
- (a) a person sells or transfers the right to receive an annual payment to which this section applies (see subsection (4)), and
- (b) the consideration (if any) for the sale or transfer would not, apart from this section, be chargeable to tax.
- (2) In any such case, tax is charged—
- (a) in the case of income tax, under this section; or
- (b) in the case of corporation tax, under Case III of Schedule D.
- (3) Where this section applies—
- (a) the UK company may make any amendments of its company tax return arising from the replacement of the technical provision in the controlled foreign company’s accounts at any time within twelve months from the date on which the provision was replaced; and
- (b) notice of intention to enquire into the return under paragraph 24 of Schedule 18 to the Finance Act 1998 may be given at any time up to two years from that date (or at any later time in accordance with the general rule in sub-paragraph (3) of that paragraph).
- (4) If, in a case where this section applies, the accounts of the controlled foreign company are drawn up using a method falling within paragraph (b) of subsection (2) above—
- (a) the controlled foreign company, and
- (b) any person with an interest in the controlled foreign company,
shall be treated for the purposes of this section as if final replacement of the technical provision, as described in sub-paragraph (4) of paragraph 52 of Schedule 9A to the Companies Act 1985, had taken place at, and been required to take place no later than, the end of the year referred to in that sub-paragraph as the third year following the underwriting year.
- (5) Regulations under section 755C may make provision with respect to the determination of the amount of the provision by which the technical provision is to be treated as replaced in cases falling within subsection (4) above.
- (6) In this section “general insurance business” means business which consists of the effecting or carrying out of contracts which fall within Part I of Schedule 1 to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001.
##### 755C
- (1) The Treasury may by regulations provide for the provisions of this Chapter to have effect with prescribed modifications in any case where a non-resident company—
- (a) carries on general insurance business; and
- (b) draws up accounts relating to that business using a method falling within subsection (2) of section 755B.
- (2) Regulations under subsection (1) above may—
- (a) make different provision for different cases;
- (b) make provision having effect in relation to accounting periods of non-resident companies ending not more than one year before the date on which the regulations are made; and
- (c) contain such supplementary, incidental, consequential and transitional provision as the Treasury may think fit.
- (3) In this section—
- “*general insurance business*” has the same meaning as in section 755B;
- “*non-resident company*” means a company resident outside the United Kingdom;
- “*prescribed*” means prescribed in regulations under this section.
##### 755D
- (1) For the purposes of this Chapter “control", in relation to a company, means the power of a person to secure—
- (a) by means of the holding of shares or the possession of voting power in or in relation to the company or any other company, or
- (b) by virtue of any powers conferred by the articles of association or other document regulating the company or any other company,
that the affairs of the company are conducted in accordance with his wishes.
- (2) Where two or more persons, taken together, have the power mentioned in subsection (1) above, they shall be taken for the purposes of this Chapter to control the company.
- (3) The 40 per cent test in this subsection is satisfied in the case of one of two persons who, taken together, control a company if that one of them has interests, rights and powers representing at least 40 per cent of the holdings, rights and powers in respect of which the pair of them fall to be taken as controlling the company.
- (4) The 40 per cent test in this subsection is satisfied in the case of one of two persons who, taken together, control a company if that one of them has interests, rights and powers representing—
- (a) at least 40 per cent, but
- (b) not more than 55 per cent,
of the holdings, rights and powers in respect of which the pair of them fall to be taken as controlling the company.
- (5) For the purposes of this Chapter any question—
- (a) whether a company is controlled by a person, or by two or more persons taken together, or
- (b) whether, in the case of any company, the applicable 40 per cent test is satisfied in the case of each of two persons who, taken together, control the company,
shall be determined after attributing to each of the persons all the rights and powers mentioned in subsection (6) below that are not already attributed to that person for the purposes of subsections (1) to (4) above.
- (6) The rights and powers referred to in subsection (5) above are—
- (a) rights and powers which the person is entitled to acquire at a future date or which he will, at a future date, become entitled to acquire;
- (b) rights and powers of other persons, to the extent that they are rights or powers falling within subsection (7) below;
- (c) if the person is resident in the United Kingdom, rights and powers of any person who is resident in the United Kingdom and connected with the person; and
- (d) if the person is resident in the United Kingdom, rights and powers which for the purposes of subsection (5) above would be attributed to a person who is resident in the United Kingdom and connected with the person (a “*UK connected person*”) if the UK connected person were himself the person.
- (7) Rights and powers fall within this subsection to the extent that they—
- (a) are required, or may be required, to be exercised in any one or more of the following ways, that is to say—
- (i) on behalf of the person;
- (ii) under the direction of the person; or
- (iii) for the benefit of the person; and
- (b) are not confined, in a case where a loan has been made by one person to another, to rights and powers conferred in relation to property of the borrower by the terms of any security relating to the loan.
- (8) In subsections (6)(b) to (d) and (7) above, the references to a person’s rights and powers include references to any rights or powers which he either—
- (a) is entitled to acquire at a future date, or
- (b) will, at a future date, become entitled to acquire.
- (9) In paragraph (d) of subsection (6) above, the reference to rights and powers which would be attributed to a UK connected person if he were the person includes a reference to rights and powers which, by applying that paragraph wherever one person resident in the United Kingdom is connected with another person, would be so attributed to him through a number of persons each of whom is resident in the United Kingdom and connected with at least one of the others.
- (10) In determining for the purposes of this section whether one person is connected with another in relation to a company, subsection (7) of section 839 shall be disregarded.
- (11) References in this section—
- (a) to rights and powers of a person, or
- (b) to rights and powers which a person is or will become entitled to acquire,
include references to rights or powers which are exercisable by that person, or (when acquired by that person) will be exercisable, only jointly with one or more other persons.
### Meaning of offshore fund
#### Conditions for tax exempt business.
##### 756A
- (1) In this Chapter references to an offshore fund are to a collective investment scheme constituted by—
- (a) a company that is resident outside the United Kingdom, or
- (b) a unit trust scheme the trustees of which are not resident in the United Kingdom, or
- (c) arrangements not falling within paragraph (a) or (b) taking effect by virtue of the law of a territory outside the United Kingdom and which under that law create rights in the nature of co-ownership (without restricting that expression to its meaning in the law of any part of the United Kingdom).
- (2) Subsection (1) has effect subject to—
- section 756B (treatment of umbrella funds), and
- section 756C (treatment of funds comprising more than one class of interest).
- (3) In this section “*collective investment scheme*” means any arrangements which are a collective investment scheme for the purposes of Part 17 of the Financial Services and Markets Act 2000 (see section 235 of that Act and orders made under subsection (5) of that section) or would be if the words “, within a period appearing to him to be reasonable,” were omitted from section 236(3)(a) of that Act.
- (4) But the reference to offshore funds in section 760(3)(a) does not include any arrangements which are not a collective investment scheme for the purposes of that Part of that Act.
### Treatment of umbrella funds
##### 756B
- (1) In this Chapter, an “*umbrella fund*” means an offshore fund—
- (a) which provides arrangements for separate pooling of the contributions of the participants and the profits or income out of which payments are made to them; and
- (b) under which the participants are entitled to exchange rights in one pool for rights in another;
and references in this Chapter to a part of an umbrella fund are to such of the arrangements as relate to a separate pool.
- (2) For the purposes of this Chapter (except subsection (1))—
- (a) each part of an umbrella fund shall be regarded as a separate offshore fund, and
- (b) the umbrella fund as a whole shall not be regarded as an offshore fund.
- (3) In this Chapter, in relation to a part of an umbrella fund—
- (a) a reference to the assets of an offshore fund is to such of the assets of the umbrella fund as under the arrangements form part of the separate pool to which that part of the umbrella fund relates;
- (b) a reference to the income of an offshore fund is to the income arising from those assets;
- (c) a reference to a person having an interest in an offshore fund is to a person for the time being having an interest in that separate pool; and
- (d) a reference to an offshore fund being a non-qualifying fund shall be read in relation to times before the coming into force of this section as a reference to the umbrella fund being a non-qualifying fund.
### Treatment of funds comprising more than one class of interest
##### 756C
- (1) For the purposes of this Chapter where there is more than one class of interest in an offshore fund (the “*main fund*”)—
- (a) each class of interest shall be regarded as a separate offshore fund, and
- (b) the main fund shall not be regarded as an offshore fund.
- (2) In this section, references to a class of interest in an offshore fund do not include—
- (a) a part of an umbrella fund which is regarded as an offshore fund by virtue of section 756B, or
- (b) a class of interest in an offshore fund which by virtue of section 759(5), (6) or (8) is not a material interest in the fund.
- (3) In this Chapter, in relation to a class of interest in an offshore fund—
- (a) a reference to the assets of an offshore fund is to the assets of the main fund;
- (b) a reference to the income of an offshore fund is to such of the income of the main fund as is attributable to interests of that class under the arrangements constituting the main fund;
- (c) a reference to a person having an interest in an offshore fund is to a person for the time being having an interest of that class; and
- (d) a reference to an offshore fund being a non-qualifying fund shall be read in relation to times before the coming into force of this section as a reference to the main fund being a non-qualifying fund.
#### Maximum benefits payable to members.
##### 762ZA
- (1) Chapter 2 of Part 13 of ITA 2007 (transfer of assets abroad) applies in relation to an offshore income gain arising to a person resident or domiciled outside the United Kingdom as if the offshore income gain were income becoming payable to the person.
- (2) Income treated as arising under that Chapter by virtue of subsection (1) is regarded as “*foreign*” for the purposes of section 726, 730 or 735 of that Act.
- (3) Subsection (1) does not apply in relation to an offshore income gain if (and to the extent that) it is treated, by virtue of section 762(1), as arising to a person resident or ordinarily resident in the United Kingdom.
- (4) The following provisions apply if section 762(2) applies in relation to an offshore income gain (“the relevant offshore income gain”).
- (5) If—
- (a) by virtue of section 762(3) an offshore income gain is treated as arising in a tax year to a person resident or ordinarily resident in the United Kingdom, and
- (b) it is so treated by reason of the relevant offshore income gain (or part of it),
for that and subsequent tax years subsection (1) does not apply in relation to the relevant offshore income gain (or that part).
- (6) If, by virtue of subsection (1) as it applies in relation to the relevant offshore income gain, income is treated under Chapter 2 of Part 13 of ITA 2007 as arising in a tax year, reduce (with effect from the following tax year) the OIG amount in question by the amount of the income.
##### 762ZB
- (1) This section applies to income treated as arising under section 761(1) to an individual in a tax year if—
- (a) section 809B, 809D or 809E of ITA 2007 (remittance basis) applies to the individual for that year, and
- (b) the individual is not domiciled in the United Kingdom in that year.
- (2) Treat the income as relevant foreign income of the individual.
- (3) For the purposes of Chapter A1 of Part 14 of ITA 2007 (remittance basis)—
- (a) treat any consideration obtained on the disposal of the asset as deriving from the income, and
- (b) unless the consideration so obtained is of an amount equal to the market value of the asset, treat the asset as deriving from the income.
- (4) In subsection (3)—
- (a) “*the asset*” means the asset the disposal of which causes the income to be treated as arising, and
- (b) “*the disposal*” means the disposal mentioned in paragraph (a).
##### 762A
- (1) This section applies where—
- (a) classes of interest in an offshore fund (the “*main fund*”) are treated as separate offshore funds under section 756C; and
- (b) as the result of—
- (i) a reorganisation within the meaning of section 126 of the 1992 Act, or
- (ii) a conversion of securities within the meaning of section 132 of that Act,
a person exchanges an interest of one class (A) in the main fund for an interest of another class (B) in that fund.
- (2) Where—
- (a) the interest of class A—
- (i) is at the time of the exchange an interest in a non-qualifying offshore fund, or
- (ii) has been an interest in such a fund at any material time, and
- (b) the interest of class B is at the time of the exchange an interest in a fund which is certified by the Board as a distributing offshore fund,
section 127 of the 1992 Act (equation of original shares and new holding) shall not prevent the exchange constituting a disposal for the purposes of this Chapter.
- (3) Any such disposal shall be treated as a disposal for a consideration equal to the market value of the rights at the time of the exchange.
- (4) In this section—
- “*class of interest*” has the same meaning as in section 756C(1);
- “*material time*” has the same meaning as in section 757.
##### 765A
- (1) Section 765(1) shall not apply to a transaction which is a movement of capital to which Article 1 of the Directive of the Council of the European Communities dated 24th June 1988 No. [88/361/EEC](https://www.legislation.gov.uk/european/directive/1988/0361) applies.
- (2) Where if that Article did not apply to it a transaction would be unlawful under section 765(1), the body corporate in question (that is to say, the body corporate resident in the United Kingdom) shall—
- (a) give to the Board within six months of the carrying out of the transaction such information relating to the transaction, or to persons connected with the transaction, as regulations made by the Board may require, and
- (b) where notice is given to the body corporate by the Board, give to the Board within such period as is prescribed by regulations made by the Board (or such longer period as the Board may in the case allow) such further particulars relating to the transaction, to related transactions, or to persons connected with the transaction or related transactions, as the Board may require.
#### Exemption for trade unions and employers’ associations.
##### 767A
- (1) Where it appears to the Board that—
- (a) there has been a change in the ownership of a company (“*the tax-payer company*”),
- (b) any corporation tax assessed on the tax-payer company for an accounting period beginning before the change remains unpaid at any time after the relevant date, and
- (c) any of the three conditions mentioned below is fulfilled,
any person mentioned in subsection (2) below may be assessed by the Board and charged (in the name of the tax-payer company) to an amount of corporation tax in accordance with this section.
- (2) The persons are—
- (a) any person who at any time during the relevant period before the change in the ownership of the tax-payer company had control of it;
- (b) any company of which the person mentioned in paragraph (a) above has at any time had control within the period of three years before that change.
- (3) In subsection (2) above, “*the relevant period*” means—
- (a) the period of three years before the change in the ownership of the tax-payer company; or
- (b) if during the period of three years before that change (“*the later change*”) there was a change in the ownership of the tax-payer company (“*the earlier change*”), the period elapsing between the earlier change and the later change.
- (4) The first condition is that—
- (a) at any time during the period of three years before the change in the ownership of the tax-payer company the activities of a trade or business of that company cease or the scale of those activities become small or negligible; and
- (b) there is no significant revival of those activities before that change occurs.
- (5) The second condition is that at any time after the change in the ownership of the tax-payer company, but under arrangements made before that change, the activities of a trade or business of that company cease or the scale of those activities become small or negligible.
- (6) The third condition is that—
- (a) at any time during the period of six years beginning three years before the change in the ownership of the tax-payer company there is a major change in the nature or conduct of a trade or business of that company;
- (b) there is a transfer or there are transfers of assets of the tax-payer company to a person mentioned in subsection (7) below or to any person under arrangements which enable any of those assets or any assets representing those assets to be transferred to a person mentioned in subsection (7) below;
- (c) that transfer occurs or those transfers occur during the period of three years before the change in the ownership of the tax-payer company or after that change but under arrangements made before that change; and
- (d) the major change mentioned in paragraph (a) above is attributable to that transfer or those transfers.
- (7) The persons are—
- (a) any person mentioned in subsection (2)(a) above; and
- (b) any person connected with him.
- (8) The amount of tax charged in an assessment made under this section must not exceed the amount of the tax which, at the time of that assessment, remains unpaid by the tax-payer company.
- (9) For the purposes of this section the relevant date is the date six months from the date on which the corporation tax is assessed as mentioned in subsection (1)(b) above.
- (10) Any assessment made under this section shall not be out of time if made within three years from the date on which the liability of the tax-payer company to corporation tax for the accounting period mentioned in subsection (1)(b) above is finally determined.
##### 767AA
- (1) Where it appears to the Board that—
- (a) there has been a change in the ownership of a company (“the transferred company"),
- (b) any corporation tax relating to an accounting period ending on or after the change has been assessed on the transferred company or an associated company,
- (c) that tax remains unpaid at any time more than six months after it was assessed, and
- (d) the condition set out in subsection (2) below is fulfilled,
any person mentioned in subsection (4) below may be assessed by the Board and charged to an amount of corporation tax not exceeding the amount remaining unpaid.
- (2) The condition is that it would be reasonable (apart from this section) to infer, from either or both of—
- (a) the terms of any transactions entered into in connection with the change, and
- (b) the other circumstances of the change and of any such transactions,
that at least one of those transactions was entered into by one or more of its parties on the assumption, as regards a potential tax liability, that that liability would be unlikely to be met, or met in full, if it were to arise.
- (3) In subsection (2) above the reference to a potential tax liability is a reference to a liability to pay corporation tax which—
- (a) in circumstances which were reasonably foreseeable at the time of the change in ownership, or
- (b) in circumstances the occurrence of which is something of which there was at that time a reasonably foreseeable risk,
would or might arise from an assessment made, after the change in ownership, on the transferred company or an associated company (whether or not a particular associated company).
- (4) The persons mentioned in subsection (1) above are—
- (a) any person who at any time during the relevant period had control of the transferred company;
- (b) any company of which the person mentioned in paragraph (a) above has at any time had control within the period of three years before the change in the ownership of the transferred company.
- (5) In subsection (4) above, “*the relevant period*” means—
- (a) the period of three years before the change in the ownership of the transferred company; or
- (b) if during the period of three years before that change (“the later change") there was a change in the ownership of the transferred company (“the earlier change"), the period elapsing between the earlier change and the later change.
- (6) For the purposes of this section a transaction is entered into in connection with a change in the ownership of a company if—
- (a) it is the transaction, or one of the transactions, by which that change is effected; or
- (b) it is entered into as part of a series of transactions, or scheme, of which transactions effecting the change in ownership have formed or will form a part.
- (7) For the purposes of this section—
- (a) references to a scheme are references to any scheme, arrangements or understanding of any kind whatever, whether or not legally enforceable, involving a single transaction or two or more transactions;
- (b) it shall be immaterial in determining whether any transactions have formed or will form part of a series of transactions or scheme that the parties to any of the transactions are different from the parties to another of the transactions; and
- (c) the cases in which any two or more transactions are to be taken as forming part of a series of transactions or scheme shall include any case in which it would be reasonable to assume that one or more of them—
- (i) would not have been entered into independently of the other or others; or
- (ii) if entered into independently of the other or others, would not have taken the same form or been on the same terms.
- (8) In this section references, in relation to the transferred company and an assessment to tax, to an associated company are references to any compnay (whenever formed) which, at the time of the assessment or at an earlier time after the change in ownership—
- (a) has control of the transferred company;
- (b) is a company of which the transferred company has control; or
- (c) is a company under the control of the same person or persons as the transferred company.
- (9) A person assessed and charged to tax under this section shall be assessed and charged in the name of the company by whom the tax to which the assessment relates remains unpaid.
- (10) Any assessment made under this section shall not be out of time if made within three years from the date of the final determination of the liability of the company by whom the tax remains unpaid to corporation tax for the accounting period for which that tax was assessed.
##### 767B
- (1) In relation to corporation tax assessed under section 767A—
- (a) section 86 of the Management Act (interest on overdue tax), in so far as it has effect in relation to accounting periods ending on or before 30th September 1993, and
- (b) section 87A of that Act (corresponding provision for corporation tax due for accounting periods ending after that date),
shall have effect as if the references in section 86 to the reckonable date and in section 87A to the date when the tax becomes due and payable were, respectively, references to the date which is the reckonable date in relation to the tax-payer company and the date when the tax became due and payable by the tax-payer company.
- (1A) In relation to corporation tax assessed under section 767AA, section 87A of the Management Act shall have effect as if the references to the date when the tax becomes due and payable were references to the date when the tax became due and payable by the transferred company or the associated company (as the case may be).
- (2) A payment in pursuance of an assessment under section 767A or 767AA shall not be allowed as a deduction in computing any income, profits or losses for any tax purposes; but any person making such a payment shall be entitled to recover an amount equal to the payment from the tax-payer company or the transferred company or associated company (as the case may be).
- (3) In subsection (2) above the reference to a payment in pursuance of an assessment includes a reference to a payment of interest under section 86 or 87A of the Management Act (as they have effect by virtue of subsection (1) above).
- (4) For the purposes of sections 767A, 767AA and 767C, “*control*”, in relation to a company, shall be construed in accordance with section 416 as modified by subsections (5) and (6) below.
- (5) In subsection (2)(a) for “the greater part of” there shall be substituted “50 per cent. of”.
- (6) For subsection (3) there shall be substituted—
- (”) Where two or more persons together satisfy any of the conditions in subsection (2) above and do so by reason of having acted together to put themselves in a position where they will in fact satisfy the condition in question, each of those persons shall be treated as having control of the company.”
- (7) In section 767A(6) “*a major change in the nature or conduct of a trade or business*” includes any change mentioned in any of paragraphs (a) to (d) of section 245(4); and also includes a change falling within any of those paragraphs which is achieved gradually as the result of a series of transfers.
- (8) In section 767A(6) “*transfer*”, in relation to an asset, includes any disposal, letting or hiring of it, and any grant or transfer of any right, interest or licence in or over it, or the giving of any business facilities with respect to it.
- (9) Section 839 shall apply for the purposes of section 767A(7).
- (10) Subsection (9) of section 768 shall apply for the purposes of sections 767A and 767AA as it applies for the purposes of section 768.
##### 767C
- (1) This section applies where it appears to the Board that—
- (a) there has been a change in the ownership of a company (“the subject company"); and
- (b) in connection with that change a person (“the seller") may be or become liable to be assessed and charged to corporation tax under section 767A or 767AA.
- (2) The Board may by notice require any person to supply to them—
- (a) any document in the person’s possession or power which appears to the Board to be relevant for determining any one or more of the matters referred to in subsection (3) below; or
- (b) any particulars which appear to them to be so relevant.
- (3) Those matters are—
- (a) whether the seller is or may become liable as mentioned in subsection (1) above and the extent of the liability or potential liability; and
- (b) whether the subject company or an associated company is or may become liable to be assessed to any tax in respect of which the seller is or could become liable as mentioned in subsection (1) above, and the extent of the liability or potential liability of the subject company or associated company.
- (4) Without prejudice to the following provisions of this section, the references in subsection (2) above to documents and particulars are references to the documents and particulars specified or described in the notice.
- (5) A notice under subsection (2) above must specify the period, which must not be less than 30 days, within which the notice must be complied with.
- (6) Any person to whom any documents are supplied under this section may take copies of them or of any extracts from them.
- (7) A notice under subsection (2) above shall not oblige a person to supply any documents or particulars relating to the conduct of any pending appeal relating to tax.
- (8) In relation to any notice under subsection (2) above—
- (a) subsection (4) of section 20B of the Taxes Management Act 1970 (rules relating to copies of documents) shall apply as it applies in relation to a notice under section 20(1) of that Act; and
- (b) subsections (8) to (14) of section 20B of that Act (rules about obtaining documents etc. from professional advisers) shall apply as they apply in relation to a notice under section 20(3) of that Act but as if any reference to an inspector were a reference to the Board;
and subsection (8C) of section 20 of that Act (exclusion of personal records and journalistic material) shall apply for the purposes of this section as it applies for the purposes of that section.
- (9) In this section references, in relation to the subject company and an assessment to tax, to an associated company are references to any company which, at the time of the assessment or at an earlier time after the change in ownership—
- (a) has control of the subject company;
- (b) is a company of which the subject company has control; or
- (c) is a company under the control of the same person or persons as the subject company.
- (10) In this section “*document*” means anything in which information of any description is recorded.
##### 768A
- (1) In any case where—
- (a) within any period of three years there is both a change in the ownership of a company and (either earlier or later in that period, or at the same time) a major change in the nature or conduct of a trade carried on by the company, or
- (b) at any time after the scale of the activities in a trade carried on by a company has become small or negligible, and before any considerable revival of the trade, there is a change in the ownership of the company,
no relief shall be given under section 393A(1) by setting a loss incurred by the company in an accounting period ending after the change in ownership against any profits of an accounting period beginning before the change in ownership.
- (2) Subsections (2) to (4), (8) and (9) of section 768 shall apply for the purposes of this section as they apply for the purposes of that section.
- (3) This section applies in relation to changes in ownership occurring on or after 14th June 1991.
##### 768B
- (1) This section applies where there is a change in the ownership of a company with investment business and—
- (a) after the change there is a significant increase in the amount of the company’s capital; or
- (b) within the period of six years beginning three years before the change there is a major change in the nature or conduct of the business carried on by the company; or
- (c) the change in the ownership occurs at any time after the scale of the activities in the business carried on by the company has become small or negligible and before any considerable revival of the business.
- (2) For the purposes of subsection (1)(a) above, whether there is a significant increase in the amount of a company’s capital after a change in the ownership of the company shall be determined in accordance with the provisions of Part I of Schedule 28A.
- (3) In paragraph (b) of subsection (1) above “*major change in the nature or conduct of a business*” includes a major change in the nature of the investments held by the company, even if the change is the result of a gradual process which began before the period of six years mentioned in that paragraph.
- (4) For the purposes of this section—
- (a) the accounting period of the company in which the change in the ownership occurs shall be divided into two parts, the first the part ending with the change, the second the part after;
- (b) those parts shall be treated as two separate accounting periods; and
- (c) the amounts in issue for the accounting period being divided shall be apportioned to those parts.
- (5) In Schedule 28A—
- (a) Part II shall have effect for identifying the amounts in issue for the accounting period being divided; and
- (b) Part III shall have effect for the purpose of apportioning those amounts to the parts of that accounting period.
- (6) Any sums which—
- (a) are, or are treated as, expenses of management referable to the accounting period being divided, and
- (b) under Part III of Schedule 28A are apportioned to either part of that period,
shall be treated for the purposes of section 75 expenses of management referable to that part.
- (7) Any charges which under Part III of Schedule 28A are apportioned to either part of the accounting period being divided shall be treated for the purposes of sections 338 and 75 as paid in that part.
- (8) Any allowances which under Part III of Schedule 28A are apportioned to either part of the accounting period being divided shall be treated for the purposes of section 253 of the Capital Allowances Act and section 75(7) as falling to be made in that part.
- (9) In computing the total profits of the company for an accounting period ending after the change in the ownership, no deduction shall be made under section 75 by reference to—
- (a) expenses of management deductible or allowances falling to be made for an accounting period beginning before the change; or
- (b) charges paid in such an accounting period.
- (10) Part IV of Schedule 28A shall have effect for the purpose of restricting, in a case where this section applies, the debits and non-trading deficits to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships) in respect of the company’s loan relationships (including debits so brought into account by virtue of paragraph 14(3)of Schedule 26 to the Finance Act 2002).
- (12) Subject to the modification in subsection (13) below, subsections (6) to (9) of section 768 shall apply for the purposes of this section as they apply for the purposes of that section.
- (13) The modification is that in subsection (6) of section 768 for the words “relief in respect of a company’s losses has been restricted” there shall be substituted “deductions from a company’s total profits , or the debits to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 in the case of a company in respect of its loan relationships (or its derivative contracts by virtue of paragraph 14(3) of Schedule 26 to the Finance Act 2002), have been restricted.”
- (14) In this section “*company with investment business*” has the same meaning as in Part IV.
##### 768C
- (1) This section applies where—
- (a) there is a change in the ownership of a company with investment business (“the relevant company”);
- (b) none of paragraphs (a) to (c) of section 768B(1) applies;
- (c) after the change in the ownership the relevant company acquires an asset from another company in circumstances such that section 171(1) of the 1992 Act applies to the acquisition; and
- (d) a chargeable gain (“a relevant gain”) accrues to the relevant company on a disposal of the asset within the period of three years beginning with the change in the ownership.
- (2) For the purposes of subsection (1)(d) above an asset acquired by the relevant company as mentioned in subsection (1)(c) above shall be treated as the same as an asset owned at a later time by that company if the value of the second asset is derived in whole or in part from the first asset, and in particular where the second asset is a freehold and the first asset was a leasehold and the lessee has acquired the reversion.
- (3) For the purposes of this section—
- (a) the accounting period of the relevant company in which the change in the ownership occurs shall be divided into two parts, the first the part ending with the change, the second the part after;
- (b) those parts shall be treated as two separate accounting periods; and
- (c) the amounts in issue for the accounting period being divided shall be apportioned to those parts.
- (4) In Schedule 28A—
- (a) Part V shall have effect for identifying the amounts in issue for the accounting period being divided; and
- (b) Part VI shall have effect for the purpose of apportioning those amounts to the parts of that accounting period.
- (5) Subsections (6) to (8) of section 768B shall apply in relation to the relevant company as they apply in relation to the company mentioned in subsection (1) of that section except that any reference in those subsections to Part III of Schedule 28A shall be read as a reference to Part VI of that Schedule.
- (6) Subsections (7) and (9) below apply only where, in accordance with the relevant provisions of the 1992 Act and Part VI of Schedule 28A, an amount is included in respect of chargeable gains in the total profits for the accounting period of the relevant company in which the relevant gain accrues.
- (7) In computing the total profits of the relevant company for the accounting period in which the relevant gain accrues, no deduction shall be made under section 75 by reference to—
- (a) expenses of management deductible or allowances falling to be made for an accounting period of the relevant company beginning before the change in ownership, or
- (b) charges paid in such an accounting period,
from an amount of the total profits equal to the amount which represents the relevant gain.
- (8) For the purposes of this section, the amount of the total profits for an accounting period which represents the relevant gain is—
- (a) where the amount of the relevant gain does not exceed the amount which is included in respect of chargeable gains for that period, an amount equal to the amount of the relevant gain;
- (b) where the amount of the relevant gain exceeds the amount which is included in respect of chargeable gains for that period, the amount so included.
- (9) Part IV of Schedule 28A shall have effect for the purpose of restricting, in a case where this section applies, the debits and non-trading deficits to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships) in respect of the relevant company’s loan relationships (including debits so brought into account by virtue of paragraph 14(3) of Schedule 26 to the Finance Act 2002).
- (11) Subsections (8) and (9) of section 768 shall apply for the purposes of this section as they apply for the purposes of that section.
- (12) In this section—
- “*the relevant provisions of the 1992 Act*” means section 8(1) of and Schedule 7A to that Act; and
- “*company with investment business*” has the same meaning as in Part 4.
- (13) This section applies in relation to an asset to which Schedule 29 to the Finance Act 2002 applies (intangible fixed assets), with the following adaptations—
- (a) for the reference to section 171(1) of the 1992 Act substitute a reference to paragraph 55 of that Schedule;
- (b) for any reference to a chargeable gain under that Act substitute a reference to a chargeable realisation gain within the meaning of that Schedule that is a credit within paragraph 34(1)(a) of that Schedule (non-trading credits);
- (c) for any reference to a disposal of the asset substitute a reference to its realisation within the meaning of that Schedule;
- (d) for the reference to the relevant provisions of the 1992 Act substitute a reference to Part 6 of that Schedule.
##### 768D
- (1) This section applies where there is a change in the ownership of a company carrying on a Schedule A business and—
- (a) in the case of a company with investment business, either—
- (i) paragraph (a), (b) or (c) of section 768B(1) applies, or
- (ii) section 768C applies;
- (b) in the case of a company which is not a company with investment business, paragraph (a) or (b) of section 768(1) applies.
- (2) Where this section applies the following provisions have effect to prevent relief being given under section 392A by setting a Schedule A loss incurred by the company before the change of ownership against profits arising after the change.
- (3) The accounting period in which the change of ownership occurs is treated for that purpose as two separate accounting periods, the first ending with the change and the second consisting of the remainder of the period.
- (4) The profits or losses of the period in which the change occurs are apportioned to those two periods—
- (a) in the case of a company with investment business—
- (i) where paragraph (a), (b) or (c) of section 768B(1) applies, in accordance with Parts II and III of Schedule 28A, or
- (ii) where section 768C applies, in accordance with Parts V and VI of that Schedule, and
- (b) in the case of a company which is not a company with investment business, according to the length of the periods,
unless in any case the specified method of apportionment would work unjustly or unreasonably in which case such other method shall be used as appears just and reasonable.
- (5) Relief under section 392A(1) against total profits of the same accounting period is available only in relation to each of those periods considered separately.
- (6) A loss made in any accounting period beginning before the change of ownership may not be set off under section 392A(2) against, or deducted by virtue of section 392A(3) from—
- (a) in the case of—
- (i) a company with investment business where paragraph (a), (b) or (c) of section 768B(1) applies, or
- (ii) a company which is not a company with investment business,
profits of an accounting period ending after the change of ownership;
- (b) in the case of a company with investment business where section 768C applies, from so much of those profits as represents the relevant gain within the meaning of that section.
- (7) Subsections (8) and (9) of section 768 (time limits for assessment; information powers) apply for the purposes of this section as they apply for the purposes of that section.
- (8) In this section—
- (a) any reference to a case where paragraph (a) or (b) of section 768(1) applies includes the case where that paragraph would apply if the reference there to a trade carried on by the company were to a Schedule A business carried on by it;
- (b) “*company with investment business*” has the same meaning as in Part 4.
- (9) The provisions of this section apply in relation to an overseas property business as they apply in relation to a Schedule A business.
##### 768E
- (1) Where there is a change in the ownership of a company with investment business and either—
- (a) paragraph (a), (b) or (c) of section 768B(1) applies, or
- (b) section 768C applies,
the following provisions have effect to prevent relief being given under paragraph 35 of Schedule 29 to the Finance Act 2002 by setting a non-trading loss on intangible fixed assets incurred by the company before the change of ownership against profits arising after the change.
- (2) The accounting period in which the change of ownership occurs is treated for that purpose as two separate accounting periods, the first ending with the change and the second consisting of the remainder of the period.
- (3) The profits or losses of the period in which the change occurs are apportioned to those two periods—
- (a) where paragraph (a), (b) or (c) of section 768B(1) applies, in accordance with Parts 2 and 3 of Schedule 28A, or
- (b) where section 768C applies, in accordance with Parts 5 and 6 of that Schedule,
unless in any case the specified method of apportionment would work unjustly or unreasonably in which case such other method shall be used as appears just and reasonable.
- (4) Relief under paragraph 35 of Schedule 29 to the Finance Act 2002 against total profits of the same accounting period is available only in relation to each of those periods considered separately.
- (5) A loss made in any accounting period beginning before the change of ownership may not be set off under paragraph 35(3) of Schedule 29 to the Finance Act 2002 against—
- (a) in a case where paragraph (a), (b) or (c) of section 768B(1) applies, profits of an accounting period ending after the change of ownership;
- (b) in a case where section 768C applies, so much of those profits as represents the relevant gain within the meaning of that section.
- (6) Subsections (8) and (9) of section 768 (time limits for assessment; information powers) apply for the purposes of this section as they apply for the purposes of that section.
- (7) In this section “company with investment business” has the same meaning as in Part 4.
##### 770A
Schedule 28AA (which deals with provision made or imposed otherwise than at arm’s length) shall have effect.
#### Certified unit trusts: corporation tax.
### Factoring of income receipts etc
##### 774A
- (1) For the purposes of section 774B an arrangement is a structured finance arrangement in relation to a person (“*the borrower*”) if the following condition is met in relation to the borrower.
- (2) The condition is that—
- (a) under the arrangement the borrower receives from another person (“*the lender*”) any money or other asset (“the advance”) in any period,
- (b) in accordance with generally accepted accounting practice the accounts of the borrower for that period record a financial liability in respect of the advance,
- (c) the borrower, or a person connected with the borrower, makes a disposal of an asset (“the security”) under the arrangement to or for the benefit of the lender or a person connected with the lender,
- (d) the lender, or a person connected with the lender, is entitled under the arrangement to payments in respect of the security, and
- (e) in accordance with generally accepted accounting practice those payments reduce the amount of the financial liability in respect of the advance recorded in the accounts of the borrower.
- (3) For the purposes of this section, in any case where the borrower is a partnership, references to the accounts of the borrower include the accounts of any member of the partnership.
- (4) For the purposes of this section and section 774B—
- (a) references to a person connected with the borrower do not include the lender, and
- (b) references to a person connected with the lender do not include the borrower.
##### 774B
- (1) This section applies if an arrangement is a structured finance arrangement in relation to a person (“*the borrower*”).
- (1A) If the arrangement would (disregarding this section) have had the relevant effect (see subsections (2) and (3)), the arrangement is not to have that effect.
- (1B) If the arrangement would (disregarding this section) not have had that effect, the payments mentioned in section 774A(2)(d) are to be treated for tax purposes as income of the borrower payable in respect of the security (whether or not those payments are also the income of anyone else for tax purposes).
- (2) If the borrower is a person other than a partnership, the relevant effect is that—
- (a) an amount of income on which the borrower, or a person connected with the borrower, would otherwise have been charged to tax is not so charged,
- (b) an amount which would otherwise have been brought into account in calculating for tax purposes any income of the borrower, or of a person connected with the borrower, is not so brought into account, or
- (c) the borrower, or a person connected with the borrower, becomes entitled to an income deduction.
- (3) If the borrower is a partnership, the relevant effect is that—
- (a) an amount of income on which a member of the partnership would otherwise have been charged to tax is not so charged,
- (b) an amount which would otherwise have been brought into account in calculating for tax purposes any income of a member of the partnership is not so brought into account, or
- (c) a member of the partnership becomes entitled to an income deduction.
- (4) If—
- (a) a person in relation to whom this section applies is within the charge to income tax, and
- (b) in accordance with generally accepted accounting practice the accounts of the person record an amount as a finance charge in respect of the advance,
that person may treat the amount for income tax purposes as interest payable on a loan.
- (5) If a person in relation to whom this section applies is within the charge to corporation tax—
- (a) the advance is to be treated, in relation to the company, for the purposes of Chapter 2 of Part 4 of the Finance Act 1996 as a money debt owed by the company,
- (b) the arrangement is to be treated, in relation to the company, for the purposes of that Chapter as a loan relationship of the company (as a debtor relationship), and
- (c) any amount which, in accordance with generally accepted accounting practice, is recorded in the accounts of the company as a finance charge in respect of the advance is to be treated as interest payable under that relationship.
- (6) For the purposes of this section, in any case where the borrower is a partnership,—
- (a) references to accounts include the accounts of the partnership, and
- (b) any deemed interest is treated as payable by the partnership (whether or not the finance charge is recorded in the accounts of the partnership).
- (7) For the purpose of determining when any deemed interest in respect of the advance is paid—
- (a) the payments mentioned in section 774A(2)(d) are treated as consisting of amounts for repaying the advance and amounts (“the interest elements”) in respect of interest on the advance, and
- (b) the interest elements of those payments are treated as paid when those payments are paid,
and the deemed interest in respect of the advance is treated as paid at the times when the interest elements are treated as paid.
- (8) In this section “*deemed interest*” means any amount which is treated as interest as a result of subsection (4) or (5).
- (9) This section is subject to the exceptions contained in section 774E.
##### 774C
- (1) For the purposes of section 774D an arrangement is a structured finance arrangement in relation to a partnership (“the borrower partnership”) if condition A or B is met in relation to the borrower partnership.
- (2) Condition A is that—
- (a) a person (“the transferor partner”) disposes of an asset (“the security”) under the arrangement to the borrower partnership,
- (b) the transferor partner is a member of the borrower partnership immediately after the disposal (whether or not a member immediately before the disposal),
- (c) under the arrangement the borrower partnership receives from another person (“*the lender*”) any money or other asset (“the advance”) in any period,
- (d) in accordance with generally accepted accounting practice the accounts of the borrower partnership for that period record a financial liability in respect of the advance,
- (e) there is a relevant change in relation to the membership of the borrower partnership involving the lender or a person connected with the lender (see subsection (6)),
- (f) under the arrangement the share of the lender or person connected with the lender in the profits of the borrower partnership is determined by reference (wholly or partly) to payments in respect of the security, and
- (g) in accordance with generally accepted accounting practice those payments reduce the amount of the financial liability in respect of the advance recorded in the accounts of the borrower partnership.
- (3) For the purposes of condition A, references to the accounts of the borrower partnership include the accounts of the transferor partner.
- (4) Condition B is that—
- (a) the borrower partnership holds an asset (“the security”) as a partnership asset at any time before the arrangement is made,
- (b) under the arrangement the borrower partnership receives from another person (“*the lender*”) any money or other asset (“the advance”) in any period,
- (c) in accordance with generally accepted accounting practice the accounts of the borrower partnership for that period record a financial liability in respect of the advance,
- (d) there is a relevant change in relation to the membership of the borrower partnership involving the lender or a person connected with the lender,
- (e) under the arrangement the share of the lender or person connected with the lender in the profits of the borrower partnership is determined by reference (wholly or partly) to payments in respect of the security, and
- (f) in accordance with generally accepted accounting practice those payments reduce the amount of the financial liability in respect of the advance recorded in the accounts of the borrower partnership.
- (5) For the purposes of condition B, references to the accounts of the borrower partnership include the accounts of any person who is a member of the partnership immediately before the arrangement is made.
- (6) For the purposes of this section and section 774D there is a relevant change in relation to the membership of the borrower partnership involving the lender or a person connected with the lender if directly or indirectly in consequence of, or otherwise in connection with, the arrangement—
- (a) the lender, or a person connected with the lender, becomes a member of the borrower partnership at any time, or
- (b) there is at any time a change in the share of a member of the borrower partnership in the profits of the borrower partnership in a case where that member is the lender or a person connected with the lender.
- (7) For the purposes of subsection (6)(b) the reference to a person connected with the lender includes a person who at any time becomes connected with the lender directly or indirectly in consequence of, or otherwise in connection with, the arrangement.
##### 774D
- (a) the tax is charged on an amount equal to the market value of the right to receive the annual payment;
- (b) the tax is charged for the chargeable period in which the sale or transfer takes place;
- (c) the person liable for the tax is the person who sells or transfers the right to the annual payment.
- (4) This section applies to any annual payment other than—
- (a) an annual payment under a life annuity;
- (b) an annual payment under a pension annuity;
- (c) an annual payment to which section 347A applies (certain annual payments not to form part of the income of a company for corporation tax purposes);
- (d) an annual payment in respect of which, by virtue of section 727 of ITTOIA 2005 (payments by individuals arising in UK), no liability to income tax arises under Part 5 of that Act.
- (5) This section applies in relation to part of an annual payment as it applies in relation to the whole of an annual payment.
- (6) For the purposes of this section, a sale or transfer of all rights under an agreement for annual payments, or under an annuity, is a sale or transfer of the rights to each individual payment under the agreement or annuity.
- (7) In this section—
- “*life annuity*” means—a life annuity, as defined in section 657(1); ora life annuity, as defined in section 473(2) of ITTOIA 2005;
- “*pension annuity*” means an annuity which is pension income within the meaning of Part 9 of ITEPA 2003 (see section 566(2) of that Act).
#### Dividends paid to investment trusts.
##### 785ZA
- (1) This section applies for corporation tax purposes if—
- (a) a company carries on a business in respect of which the company is within the charge to corporation tax,
- (b) the company carries on the business in partnership with other persons in an accounting period of the partnership,
- (c) the business (“the leasing business”) is, on any day in that period, a business of leasing plant or machinery,
- (d) the company incurs a loss in its notional business in any accounting period comprised (wholly or partly) in the accounting period of the partnership, and
- (e) the interest of the company in the leasing business during the accounting period of the partnership is not determined on an allowable basis (see subsections (2) to (4)).
- (2) The interest of the company in the leasing business during the accounting period of the partnership is determined on an allowable basis if (and only if) the following condition is met.
- (3) The condition is met if, for the purposes of section 114(2),—
- (a) the company's share in the profits or loss of the leasing business for that period is determined wholly by reference to a single percentage, and
- (b) the company's share in any relevant capital allowances for that period is determined wholly by reference to the same percentage.
- (4) For the purposes of this condition “*profits*” does not include chargeable gains.
- (5) The following restrictions apply in respect of so much of the loss incurred by the company in its notional business as derives from any relevant capital allowances (“the restricted part of the loss”).
- (6) Apart from by way of set off against any relevant leasing income, relief is not to be given to the company under any relevant loss relief provision in respect of the restricted part of the loss.
- (7) If the leasing business is a trade, relief is not to be given to the company under section 393A(1) in respect of the restricted part of the loss.
- (8) The restricted part of the loss is not available for set off by way of group relief in accordance with section 403.
- (9) For the purpose of determining how much of a loss derives from any relevant capital allowances, the loss is to be calculated on the basis that any relevant capital allowances are the final amounts to be deducted.
##### 785ZB
- (1) This section applies for the purposes of section 785ZA.
- (2) “*Business of leasing plant or machinery*” has the same meaning as in Part 3 of Schedule 10 to the Finance Act 2006 (sale etc of lessor companies etc).
- (3) “*Lease*” has the same meaning as in section 785A.
- (4) “*Notional business*”, in relation to a company, means the business—
- (a) from which the company's share in the profits or loss of the leasing business is treated under section 114(2) as deriving for the purposes of the charge to corporation tax, and
- (b) which is treated under that provision as carried on alone by the company for those purposes.
- (5) “*Plant or machinery*” has the same meaning as in Part 2 of the Capital Allowances Act.
- (6) “*Relevant capital allowance*” means an allowance under Part 2 of the Capital Allowances Act in respect of expenditure incurred on the provision of plant or machinery wholly or partly for the purposes of the leasing business.
- (7) “*Relevant leasing income*” means any income of the company's notional business deriving from any lease—
- (a) which is a lease of plant or machinery, and
- (b) which was entered into before the end of the accounting period of the company in which the loss in its notional business was incurred.
- (8) “*Relevant loss relief provision*” means any of the following provisions—
- (a) section 392A (Schedule A losses),
- (b) section 392B (losses from overseas property businesses),
- (c) section 393 (trade losses),
- (d) section 396 (Case VI losses).
##### 785A
- (1) This section applies in any case where the following conditions are satisfied—
- (a) a person (call him “P”) is entitled to receive rentals under a lease of plant or machinery,
- (b) the rentals, so far as receivable by him, fall to be brought into account as income for the purpose of calculating his tax liability,
- (c) P enters into arrangements for the transfer of his right to receive some or all of the rentals to another person,
- (d) apart from this section, some or all of the amount or value of the consideration for the transfer (“the relevant portion of the consideration”) would fall to be brought into account neither—
- (i) as income, nor
- (ii) as a capital allowances disposal receipt,
for the purpose of calculating P’s tax liability.
- (2) In any such case, the relevant portion of the consideration—
- (a) shall be treated for tax purposes as income of P,
- (b) shall be taxable as rentals receivable by P under the lease (apart from any transfer of his right to receive some or all of the rentals), and
- (c) shall be brought into account in a period of account to the extent that it is receivable in that period of account.
- (3) Any reference to the transfer from P to another person of a right to receive rentals includes a reference to any arrangement under which rental ceases to form part of the receipts taken into account as income for the purposes of calculating P’s tax liability.
- (4) Where P is a partnership, any reference in this section to calculating P’s tax liability includes a reference to calculating the tax liability of the partners, notwithstanding that the partnership has legal personality.
- (5) A partnership has legal personality for the purposes of subsection (4) above if it is regarded as a legal person, or as a body corporate, under the law of the country or territory under which it is formed.
- (5A) This section does not apply in so far as section 774B or 774D (structured finance arrangements) applies in relation to the arrangements mentioned in paragraph (c) of subsection (1) above as a result of the transfer mentioned in that paragraph.
- (6) In this section—
- “*capital allowances disposal receipt*” means a disposal receipt within the meaning of Part 2 of the Capital Allowances Act 2001 (see section 60 of that Act);
- “*lease*” includes an underlease, sublease, tenancy or licence and an agreement for any of those things;
- “*tax liability*” means liability to income tax or corporation tax.
##### 785B
- (1) This section applies if—
- (a) an arrangement is a structured finance arrangement in relation to a partnership (“the borrower partnership”), and
- (b) any relevant change in relation to the membership of the borrower partnership involving the lender or a person connected with the lender would (disregarding this section) have had the following effect.
- (2) The effect is that—
- (a) an amount of income on which a relevant member of the borrower partnership would otherwise have been charged to tax is not so charged,
- (b) an amount which would otherwise have been brought into account in calculating for tax purposes any income of a relevant member of the borrower partnership is not so brought into account, or
- (c) a relevant member of the borrower partnership becomes entitled to an income deduction.
- (2A) In determining whether the condition in subsection (1)(b) is met it is to be assumed that amounts of income equal to the payments mentioned in section 774C(2)(f) or (4)(e) were payable to the borrower partnership before the time at which the relevant change in relation to its membership involving the lender or a person connected with the lender occurs.
- (3) In this section “*relevant member of the borrower partnership*” means—
- (a) in any case where condition A in section 774C is met in relation to the arrangement, the transferor partner, and
- (b) in any case where condition B in that section is met in relation to the arrangement, any person other than the lender who is a member of the borrower partnership immediately before the time at which the relevant change in relation to the membership of the borrower partnership involving the lender or a person connected with the lender occurs.
- (4) Part 9 of ITTOIA 2005 and section 114 above are to have effect in relation to any relevant member of the borrower partnership as if the relevant change in relation to the membership of the borrower partnership involving the lender or a person connected with the lender had not occurred.
Accordingly, the structured finance arrangement is not to have the effect mentioned in subsection (2).
- (5) The following provisions of this section confer relief from tax the availability of which depends on which of the conditions in section 774C is met in relation to the arrangement.
- (6) In any case where condition A in section 774C is met, if—
- (a) the transferor partner is a person within the charge to income tax, and
- (b) in accordance with generally accepted accounting practice the accounts of the borrower partnership record an amount as a finance charge in respect of the advance,
the transferor partner may treat the amount for income tax purposes as interest payable by the transferor partner on a loan.
- (7) In any case where condition A in that section is met, if the transferor partner is a company within the charge to corporation tax—
- (a) the advance is to be treated, in relation to the company, for the purposes of paragraph 19 of Schedule 9 to the Finance Act 1996 (and the other provisions of Chapter 2 of Part 4 of that Act) as a money debt owed by the borrower partnership,
- (b) the arrangement is to be treated, in relation to the company, as a transaction for the lending of money from which that debt is treated as arising for those purposes, and
- (c) any amount which, in accordance with generally accepted accounting practice, is recorded in the accounts of the borrower partnership as a finance charge in respect of the advance is to be treated as interest payable by the company under that transaction.
- (8) For the purposes of subsections (6) and (7), references to the accounts of the borrower partnership include the accounts of the transferor partner.
- (9) In any case where condition B in section 774C is met, if—
- (a) a relevant member of the borrower partnership is a person within the charge to income tax, and
- (b) in accordance with generally accepted accounting practice the accounts of the borrower partnership record an amount as a finance charge in respect of the advance,
the relevant partner may treat the amount for income tax purposes as interest payable by the borrower partnership on a loan.
- (10) In any case where condition B in that section is met, if a relevant member of the borrower partnership is a company within the charge to corporation tax—
- (a) the advance is to be treated, in relation to the company, for the purposes of paragraph 19 of Schedule 9 to the Finance Act 1996 (and the other provisions of Chapter 2 of Part 4 of that Act) as a money debt owed by that partnership,
- (b) the arrangement is to be treated, in relation to the company, as a transaction for the lending of money from which that debt is treated as arising for those purposes, and
- (c) any amount which, in accordance with generally accepted accounting practice, is recorded in the accounts of the borrower partnership as a finance charge in respect of the advance is to be treated as interest payable by the borrower partnership under that transaction.
- (11) For the purposes of subsections (9) and (10), references to the accounts of the borrower partnership include the accounts of any relevant member of the borrower partnership.
- (12) For the purpose of determining when any deemed interest in respect of the advance is paid—
- (a) the payments mentioned in section 774C(2)(f) or (4)(e) are treated as consisting of amounts for repaying the advance and amounts (“the interest elements”) in respect of interest on the advance, and
- (b) the interest elements of those payments are treated as paid when those payments are paid,
and the deemed interest in respect of the advance is treated as paid at the times when the interest elements are treated as paid.
- (13) In this section “*deemed interest*” means any amount which is treated as interest as a result of any of subsections (6) to (10).
- (14) This section is subject to the exceptions contained in section 774E.
##### 774E
- (1) Section 774B or 774D does not apply if the whole of the advance under the structured finance arrangement—
- (a) is charged to tax on a relevant person (see subsection (7)) as an amount of income,
- (b) is brought into account in calculating for tax purposes any income of a relevant person, or
- (c) is brought into account for the purposes of any provision of the Capital Allowances Act as a disposal receipt, or proceeds from a balancing event or disposal event, of a relevant person.
For the purposes of this subsection the effect of section 785A (rent factoring of leases of plant or machinery) is to be disregarded.
- (2) Subsection (1)(c) is not to be taken as met in any case where—
- (a) the receipt or proceeds gives rise to a balancing charge, and
- (b) the amount of the balancing charge is limited by any provision of the Capital Allowances Act.
- (3) Section 774B or 774D does not apply if, at all times, the whole of the advance under the structured finance arrangement—
- (a) is a debtor relationship of a relevant person for the purposes of Chapter 2 of Part 4 of the Finance Act 1996 (loan relationships), or
- (b) would be a debtor relationship of a relevant person for those purposes if that person were a company within the charge to corporation tax.
For the purposes of this subsection references to a debtor relationship do not include a relationship to which section 100 of the Finance Act 1996 (money debts etc not arising from the lending of money) applies.
- (4) Section 774B or 774D does not apply in so far as the structured finance arrangement is an arrangement in relation to which—
- (a) section 263A of the 1992 Act (agreements for sale and repurchase of securities) applies,
- (b) Schedule 13 to the Finance Act 2007 (sale and repurchase of securities) applies, or
- (c) Chapter 5 of Part 2 of the Finance Act 2005 (alternative finance arrangements) has effect.
- (5) Section 774B or 774D does not apply in so far as—
- (a) the security under the structured finance arrangement is plant or machinery which is the subject of a sale and finance leaseback, or
- (b) the structured finance arrangement is an arrangement in relation to which sections 228B and 228C of the Capital Allowances Act apply with the modifications contained in section 228F of that Act (lease and finance leaseback).
- (6) For the purposes of subsection (5)(a), whether plant or machinery is the subject of a sale and finance leaseback is determined in accordance with section 221 of the Capital Allowances Act.
But, in applying that section, it is to be assumed that the words “and which are not a long funding lease in the case of the lessor” were omitted from section 219(1)(b) of that Act (meaning of “finance lease”).
- (7) For the purposes of this section a “*relevant person*” means—
- (a) if section 774B applies, the borrower under the structured finance arrangement, a person connected with that borrower or (if that borrower is a partnership) a member of the partnership, and
- (b) if section 774D applies, a relevant member of the borrower partnership (within the meaning of that section).
##### 774F
- (1) The Treasury may make regulations prescribing other circumstances in which section 774B or 774D is not to apply in relation to a structured finance arrangement.
- (2) Any regulations under subsection (1) may make provision amending section 774E.
- (3) The power to make regulations under subsection (1) includes—
- (a) power to make provision having effect in relation to times before the making of the regulations (but not times earlier than 6th June 2006),
- (b) power to make different provision for different cases or different purposes, and
- (c) power to make incidental, supplemental, consequential or transitional provision and savings.
##### 774G
- (1) For the purposes of sections 774A to 774D “*arrangement*” includes any agreement or understanding (whether or not legally enforceable).
- (2) For the purposes of sections 774A to 774D “*income deduction*” means—
- (a) a deduction in calculating any income for tax purposes, or
- (b) a deduction against total income or total profits.
- (3) For the purposes of sections 774A to 774D—
- (a) references to a person's receiving any asset include—
- (i) the person's obtaining directly or indirectly the value of any asset or otherwise deriving directly or indirectly any benefit from it, and
- (ii) the discharge (in whole or in part) of any liability of the person,
- (b) references to a disposal of an asset include anything which constitutes a disposal of the asset for the purposes of the 1992 Act,
- (c) references to payments in respect of any asset include—
- (i) payments in respect of any other asset substituted for it under the arrangement, and
- (ii) obtaining directly or indirectly the value of any asset or otherwise deriving directly or indirectly any benefit from it.
- (4) For the purposes of sections 774A to 774D, section 839 (connected persons) applies.
- (5) For the purposes of sections 774A to 774D references to the accounts of any person who is a company include the consolidated group accounts of a group of companies of which it is a member.
- (5A) In determining for the purposes of sections 774A to 774D whether an amount is recorded as a financial liability in respect of the advance it is to be assumed that the period of account in which the advance is received ended immediately after the receipt of the advance.
- (6) If any person does not draw up accounts in accordance with generally accepted accounting practice, sections 774A to 774D apply as if the accounts had been drawn up by the person in accordance with that practice.
- (7) Sections 277 to 281 of ITTOIA 2005 and section 34 above (lease premiums) are not to apply in relation to a premium paid in respect of a grant of a lease where the grant constitutes a disposal of an asset for the purposes of section 774A(2)(c) or 774C(2)(a).
##### 775A
- (1) This section applies in any case where—
- (a) a person sells or transfers the right to receive an annual payment to which this section applies (see subsection (4)), and
- (b) the consideration (if any) for the sale or transfer would not, apart from this section, be chargeable to tax.
- (2) In any such case, tax is charged—
- (a) in the case of income tax, under this section; or
- (b) in the case of corporation tax, under Case III of Schedule D.
- (3) Where this section applies—
- (a) the tax is charged on an amount equal to the market value of the right to receive the annual payment;
- (b) the tax is charged for the chargeable period in which the sale or transfer takes place;
- (c) the person liable for the tax is the person who sells or transfers the right to the annual payment.
- (4) This section applies to any annual payment other than—
- (a) an annual payment under a life annuity;
- (b) an annual payment under a pension annuity;
- (c) an annual payment to which section 347A applies (certain annual payments not to form part of the income of a company for corporation tax purposes);
- (d) an annual payment in respect of which, by virtue of section 727 of ITTOIA 2005 (payments by individuals arising in UK), no liability to income tax arises under Part 5 of that Act.
- (5) This section applies in relation to part of an annual payment as it applies in relation to the whole of an annual payment.
- (6) For the purposes of this section, a sale or transfer of all rights under an agreement for annual payments, or under an annuity, is a sale or transfer of the rights to each individual payment under the agreement or annuity.
- (7) In this section—
- “*life annuity*” means—a life annuity, as defined in section 657(1); ora life annuity, as defined in section 473(2) of ITTOIA 2005;
- “*pension annuity*” means an annuity which is pension income within the meaning of Part 9 of ITEPA 2003 (see section 566(2) of that Act).
#### Dividends paid to investment trusts.
##### 785ZA
- (a) there is an unconditional obligation, under a lease of plant or machinery or a relevant arrangement, to make a relevant capital payment (at any time), or
- (b) a relevant capital payment is made under such a lease or arrangement otherwise than in pursuance of such an obligation.
- (2) The lessor is treated for corporation tax purposes as receiving income attributable to the lease of an amount equal to the amount of the capital payment.
- (3) The income is treated—
- (a) if subsection (1)(a) applies, as income for the period of account in which there is first an obligation of the kind mentioned there, and
- (b) if subsection (1)(b) applies, as income for the period of account in which the payment is made.
##### 785C
- (1) The expressions used in section 785B and this section are to be interpreted as follows.
- (2) “*Capital payment*” means any payment except one which, if made to the lessor—
- (a) would fall to be included in a calculation of the lessor's income for corporation tax purposes, or
- (b) would fall to be included in such a calculation but for section 502B (rental earnings under long funding finance lease).
- (3) “*Lease*” includes—
- (a) a licence, and
- (b) the letting of a ship or aircraft on charter or the letting of any other asset on hire,
and “*lessor*” and “*lessee*” are to be read accordingly.
- (4) “*Lease of plant or machinery*” includes a lease of plant or machinery and other property but does not include—
- (a) a lease where the income attributable to the lease received by the lessor (if any) would be chargeable to tax under Schedule A, or
- (b) a lease of plant or machinery where the lessor has incurred what would (but for section 34A of the Capital Allowances Act) be qualifying expenditure (within the meaning of Part 2 of that Act) on the plant or machinery.
- (5) “*Relevant arrangement*” means any agreement or arrangement relating to a lease of plant or machinery, including one made before the lease is entered into or after it has ended (and, accordingly, “lessor” and lessee” include prospective and former lessors and lessees).
- (6) A capital payment, in relation to a lease or relevant arrangement, is “relevant” if condition A or B is met (but this is subject to subsection (9)).
- (7) Condition A is that the capital payment is payable (or paid), directly or indirectly, by (or on behalf of) the lessee to (or on behalf of) the lessor in connection with—
- (a) the grant, assignment, novation or termination of the lease, or
- (b) any provision of the lease or relevant arrangement (including the variation or waiver of any such provision).
- (8) Condition B is that rentals payable under the lease are less than (or payable later than) they might reasonably be expected to be if there were no obligation to make the capital payment (and the capital payment were not made).
- (9) A capital payment is not “relevant” if or to the extent that—
- (a) the capital payment reduces (or would but for section 536 of the Capital Allowances Act reduce) the amount of expenditure incurred by the lessor for the purposes of the Capital Allowances Act in respect of the plant or machinery in question,
- (b) the capital payment is compensation for loss resulting from damage to, or damage caused by, the plant or machinery in question, or
- (c) the capital payment would fall (or falls) to be brought into account by the lessor as a disposal receipt within the meaning of Part 2 of the Capital Allowances Act (see section 60(1) of that Act).
- (10) References to payment include the provision of value by any means other than the making of a payment, and accordingly—
- (a) references to the making of a payment include the passing of value (by any other means), and
- (b) references to the amount of the payment include the value passed.
##### 785D
- (1) This section applies if section 785B applies in relation to a lease of plant or machinery and other property (see section 785C(4)).
- (2) The relevant capital payment is to be apportioned, on a just and reasonable basis, between—
- (a) the plant and machinery, and
- (b) the other property.
- (3) If the income (if any) received by the lessor that is attributable to any of the plant or machinery is chargeable to tax under Schedule A, treat that plant or machinery as falling within subsection (2)(b) (and not subsection (2)(a)).
- (4) Section 785B(2) has effect as if the reference to the amount of the capital payment were to such amount as is apportioned under subsection (2) in respect of the plant or machinery within subsection (2)(a).
#### Interpretation.
##### 785E
- (1) This section applies for corporation tax purposes if—
- (a) a company carries on a business in respect of which the company is within the charge to corporation tax,
- (b) the company carries on the business in partnership with other persons in an accounting period of the partnership,
- (c) the business (“the leasing business”) is, on any day in that period, a business of leasing plant or machinery,
- (d) the company incurs a loss in its notional business in any accounting period comprised (wholly or partly) in the accounting period of the partnership, and
- (e) the interest of the company in the leasing business during the accounting period of the partnership is not determined on an allowable basis (see subsections (2) to (4)).
- (2) The interest of the company in the leasing business during the accounting period of the partnership is determined on an allowable basis if (and only if) the following condition is met.
- (3) The condition is met if, for the purposes of section 114(2),—
- (a) the company's share in the profits or loss of the leasing business for that period is determined wholly by reference to a single percentage, and
- (b) the company's share in any relevant capital allowances for that period is determined wholly by reference to the same percentage.
- (4) For the purposes of this condition “*profits*” does not include chargeable gains.
- (5) The following restrictions apply in respect of so much of the loss incurred by the company in its notional business as derives from any relevant capital allowances (“the restricted part of the loss”).
- (6) Apart from by way of set off against any relevant leasing income, relief is not to be given to the company under any relevant loss relief provision in respect of the restricted part of the loss.
- (7) If the leasing business is a trade, relief is not to be given to the company under section 393A(1) in respect of the restricted part of the loss.
- (8) The restricted part of the loss is not available for set off by way of group relief in accordance with section 403.
- (9) For the purpose of determining how much of a loss derives from any relevant capital allowances, the loss is to be calculated on the basis that any relevant capital allowances are the final amounts to be deducted.
##### 785ZB
- (1) This section applies for the purposes of section 785ZA.
- (2) “*Business of leasing plant or machinery*” has the same meaning as in Part 3 of Schedule 10 to the Finance Act 2006 (sale etc of lessor companies etc).
- (3) “*Lease*” has the same meaning as in section 785A.
- (4) “*Notional business*”, in relation to a company, means the business—
- (a) from which the company's share in the profits or loss of the leasing business is treated under section 114(2) as deriving for the purposes of the charge to corporation tax, and
- (b) which is treated under that provision as carried on alone by the company for those purposes.
- (5) “*Plant or machinery*” has the same meaning as in Part 2 of the Capital Allowances Act.
- (6) “*Relevant capital allowance*” means an allowance under Part 2 of the Capital Allowances Act in respect of expenditure incurred on the provision of plant or machinery wholly or partly for the purposes of the leasing business.
- (7) “*Relevant leasing income*” means any income of the company's notional business deriving from any lease—
- (a) which is a lease of plant or machinery, and
- (b) which was entered into before the end of the accounting period of the company in which the loss in its notional business was incurred.
- (8) “*Relevant loss relief provision*” means any of the following provisions—
- (a) section 392A (Schedule A losses),
- (b) section 392B (losses from overseas property businesses),
- (c) section 393 (trade losses),
- (d) section 396 (Case VI losses).
##### 785A
- (1) This section applies in any case where the following conditions are satisfied—
- (a) a person (call him “P”) is entitled to receive rentals under a lease of plant or machinery,
- (b) the rentals, so far as receivable by him, fall to be brought into account as income for the purpose of calculating his tax liability,
- (c) P enters into arrangements for the transfer of his right to receive some or all of the rentals to another person,
- (d) apart from this section, some or all of the amount or value of the consideration for the transfer (“the relevant portion of the consideration”) would fall to be brought into account neither—
- (i) as income, nor
- (ii) as a capital allowances disposal receipt,
for the purpose of calculating P’s tax liability.
- (2) In any such case, the relevant portion of the consideration—
- (a) shall be treated for tax purposes as income of P,
- (b) shall be taxable as rentals receivable by P under the lease (apart from any transfer of his right to receive some or all of the rentals), and
- (c) shall be brought into account in a period of account to the extent that it is receivable in that period of account.
- (3) Any reference to the transfer from P to another person of a right to receive rentals includes a reference to any arrangement under which rental ceases to form part of the receipts taken into account as income for the purposes of calculating P’s tax liability.
- (4) Where P is a partnership, any reference in this section to calculating P’s tax liability includes a reference to calculating the tax liability of the partners, notwithstanding that the partnership has legal personality.
- (5) A partnership has legal personality for the purposes of subsection (4) above if it is regarded as a legal person, or as a body corporate, under the law of the country or territory under which it is formed.
- (5A) This section does not apply in so far as section 774B or 774D (structured finance arrangements) applies in relation to the arrangements mentioned in paragraph (c) of subsection (1) above as a result of the transfer mentioned in that paragraph.
- (6) In this section—
- “*capital allowances disposal receipt*” means a disposal receipt within the meaning of Part 2 of the Capital Allowances Act 2001 (see section 60 of that Act);
- “*lease*” includes an underlease, sublease, tenancy or licence and an agreement for any of those things;
- “*tax liability*” means liability to income tax or corporation tax.
##### 785B
- (1) This section applies if—
- (a) there is an unconditional obligation, under a lease of plant or machinery or a relevant arrangement, to make a relevant capital payment (at any time), or
- (b) a relevant capital payment is made under such a lease or arrangement otherwise than in pursuance of such an obligation.
- (2) The lessor is treated for corporation tax purposes as receiving income attributable to the lease of an amount equal to the amount of the capital payment.
- (3) The income is treated—
- (a) if subsection (1)(a) applies, as income for the period of account in which there is first an obligation of the kind mentioned there, and
- (b) if subsection (1)(b) applies, as income for the period of account in which the payment is made.
##### 785C
- (1) The expressions used in section 785B and this section are to be interpreted as follows.
- (2) “*Capital payment*” means any payment except one which, if made to the lessor—
- (a) would fall to be included in a calculation of the lessor's income for corporation tax purposes, or
- (b) would fall to be included in such a calculation but for section 502B (rental earnings under long funding finance lease).
- (3) “*Lease*” includes—
- (a) a licence, and
- (b) the letting of a ship or aircraft on charter or the letting of any other asset on hire,
and “*lessor*” and “*lessee*” are to be read accordingly.
- (4) “*Lease of plant or machinery*” includes a lease of plant or machinery and other property but does not include—
- (a) a lease where the income attributable to the lease received by the lessor (if any) would be chargeable to tax under Schedule A, or
- (b) a lease of plant or machinery where the lessor has incurred what would (but for section 34A of the Capital Allowances Act) be qualifying expenditure (within the meaning of Part 2 of that Act) on the plant or machinery.
- (5) “*Relevant arrangement*” means any agreement or arrangement relating to a lease of plant or machinery, including one made before the lease is entered into or after it has ended (and, accordingly, “lessor” and lessee” include prospective and former lessors and lessees).
- (6) A capital payment, in relation to a lease or relevant arrangement, is “relevant” if condition A or B is met (but this is subject to subsection (9)).
- (7) Condition A is that the capital payment is payable (or paid), directly or indirectly, by (or on behalf of) the lessee to (or on behalf of) the lessor in connection with—
- (a) the grant, assignment, novation or termination of the lease, or
- (b) any provision of the lease or relevant arrangement (including the variation or waiver of any such provision).
- (8) Condition B is that rentals payable under the lease are less than (or payable later than) they might reasonably be expected to be if there were no obligation to make the capital payment (and the capital payment were not made).
- (9) A capital payment is not “relevant” if or to the extent that—
- (a) the capital payment reduces (or would but for section 536 of the Capital Allowances Act reduce) the amount of expenditure incurred by the lessor for the purposes of the Capital Allowances Act in respect of the plant or machinery in question,
- (b) the capital payment is compensation for loss resulting from damage to, or damage caused by, the plant or machinery in question, or
- (c) the capital payment would fall (or falls) to be brought into account by the lessor as a disposal receipt within the meaning of Part 2 of the Capital Allowances Act (see section 60(1) of that Act).
- (10) References to payment include the provision of value by any means other than the making of a payment, and accordingly—
- (a) references to the making of a payment include the passing of value (by any other means), and
- (b) references to the amount of the payment include the value passed.
##### 785D
- (1) This section applies if section 785B applies in relation to a lease of plant or machinery and other property (see section 785C(4)).
- (2) The relevant capital payment is to be apportioned, on a just and reasonable basis, between—
- (a) the plant and machinery, and
- (b) the other property.
- (3) If the income (if any) received by the lessor that is attributable to any of the plant or machinery is chargeable to tax under Schedule A, treat that plant or machinery as falling within subsection (2)(b) (and not subsection (2)(a)).
- (4) Section 785B(2) has effect as if the reference to the amount of the capital payment were to such amount as is apportioned under subsection (2) in respect of the plant or machinery within subsection (2)(a).
#### Distribution accounts.
##### 785E
- (1) This section applies for corporation tax purposes if—
- (a) section 785B applies by virtue of subsection (1)(a) of that section, and
- (b) at any time, the lessor reasonably expects that the relevant capital payment will not be paid (or will not be paid in full).
@@ -35570,7 +35570,7 @@
#### Capital sums: . . . winding up or partnership change.
#### Provisions supplementary to section 520.
#### Allowances for expenditure on purchase of patent rights: post-31st March 1986 expenditure.
##### 793A
@@ -40092,7 +40092,7 @@
## SCHEDULE 12AA
#### Determinations requiring the sanction of the Board.
#### Returns where it is not established whether acceptable distribution policy applies.
##### 1
@@ -44026,21853 +44026,21853 @@
## Part 2 — Application and interpretation
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 2
This Schedule applies in relation to any company which—
- (a) carries on a ring fence trade, or
- (b) is engaged in oil and gas exploration and appraisal (see section 837B of this Act and section 1003 of ITA 2007) with a view to carrying on a ring fence trade,
and in this Schedule any such company is referred to as a “*qualifying company*”.
##### 3
- (1) In this Schedule, in the case of any qualifying company,—
- “*the commencement period*” means the accounting period in which the company sets up and commences its ring fence trade;
- “*post-commencement period*” means any accounting period ending on or after 1st January 2004 but before 1st January 2006—which is the commencement period, orwhich ends after the commencement period;
- “*pre-commencement period*” means any accounting period ending—on or after 1st January 2004 but before 1st January 2006, andbefore the commencement period.
- (2) For the purposes of this Schedule a company not within the charge to corporation tax which incurs qualifying E&A expenditure is to be treated as having such accounting periods as it would have if—
- (a) it carried on a trade consisting of the activities in respect of which the expenditure is incurred, and
- (b) it had started to carry on that trade when it started to carry on the research and development on which the expenditure is incurred.
- (3) In the case of an accounting period (a “straddling period”) of any qualifying company beginning before 1st January 2006 and ending on or after that date—
- (a) so much of the straddling period as falls before 1st January 2006, and
- (b) so much of the straddling period as falls on or after that date,
are treated as separate accounting periods for the purposes of this Schedule.
- (4) Special provision is made elsewhere in this Schedule in relation to straddling periods (see paragraphs 16, 18A and 22).
##### 4
- (1) For the purposes of this Schedule, the relevant percentage for any accounting period ending on or after 1st January 2004 is 6%.
- (2) The Treasury may by order vary the percentage for the time being specified in sub-paragraph (1) for such accounting periods as may be specified in the order.
##### 5
- (1) A company may claim supplement under this Schedule in respect of no more than 6 accounting periods.
- (2) The accounting periods in respect of which claims are made need not be consecutive.
##### 6
- (1) For the purposes of this Schedule “*qualifying E&A expenditure*”is any expenditure as respects which the following conditions are satisfied.
- (2) Condition 1 is that the expenditure is incurred on or after 1st January 2004 but before 1st January 2006.
- (3) Condition 2 is that, for the purposes of Part 6 of the Capital Allowances Act, the expenditure is qualifying expenditure incurred on research and development consisting of oil and gas exploration and appraisal (see section 437(2)(b) of that Act).
- (4) Condition 3 is that an allowance under section 441 of that Act is claimed in respect of the expenditure.
- (5) Condition 4 is that the expenditure is incurred in the course of oil extraction activities.
- (6) Condition 5 is that—
- (a) those oil extraction activities are comprised in a ring fence trade, or
- (b) after incurring the expenditure, the person incurring it sets up and commences a ring fence trade connected with the research and development.
##### 7
- (1) There is an amount of unrelieved group ring fence profits for an accounting period of a qualifying company (“company Q”) in any case where—
- (a) the company and any other company (“company X”) are members of the same group of companies, within the meaning given by section 413(3)(a), and
- (b) company X has an amount of taxable ring fence profits (see paragraph 8) for a corresponding accounting period.
- (2) An accounting period of company X corresponds to an accounting period of company Q if—
- (a) it coincides with, or falls wholly within, the accounting period of company Q, or
- (b) it falls partly within the accounting period of company Q.
- (3) Where an accounting period of company X—
- (a) coincides with an accounting period of company Q, or
- (b) falls wholly within an accounting period of company Q,
there is, for the accounting period of company Q, an amount of unrelieved group ring fence profits equal to the whole of company X’s taxable ring fence profits for its accounting period.
- (4) Where an accounting period of company X falls partly within an accounting period of company Q—
- (a) there is an amount of unrelieved group ring fence profits for the accounting period of company Q, and
- (b) that amount is an amount equal to the part of company X’s taxable ring fence profits for its accounting period that is attributable, on an apportionment in accordance with section 834(4), to the part of that period which falls within the accounting period of company Q.
- (5) This paragraph applies for the purposes of this Schedule.
##### 8
For the purposes of this Schedule, a company has taxable ring fence profits for an accounting period if it has an amount of ring fence profits which is chargeable to corporation tax for that accounting period after any group relief claimed under Chapter 4 of Part 10.
## Part 3 — Pre-commencement supplement
#### The approved amount: passenger payments
##### 9
- (1) Where—
- (a) a qualifying company claims an allowance under section 441 of the Capital Allowances Act (research and development allowances) for the commencement period, and
- (b) the claim is for an allowance in respect of qualifying E&A expenditure incurred before that period,
the company may also claim supplement under this Part of this Schedule (“pre-commencement supplement”) in respect of one or more pre-commencement periods.
- (2) Any pre-commencement supplement allowed on a claim in respect of a pre-commencement period shall be treated as an allowance under Part 6 of the Capital Allowances Act for the commencement period in respect of qualifying E&A expenditure incurred by the company.
- (3) The amount of the supplement for any pre-commencement period in respect of which a claim under this paragraph is made is the relevant percentage for that period of the reference amount for that period.
- (4) If the pre-commencement period is a period of less than twelve months, the amount of the supplement for the period (apart from this sub-paragraph) shall be reduced proportionally.
- (5) Paragraphs 10 to 13 have effect for the purpose of determining the reference amount for a pre-commencement period.
##### 10
- (1) For the purpose of determining the amount of any pre-commencement supplement, a qualifying company shall be taken to have had, at all times in the pre-commencement periods of the company, a continuing mixed pool of qualifying E&A expenditure and pre-commencement supplement.
- (2) The pool shall be taken to have consisted of—
- (a) the company’s qualifying E&A expenditure, allocated to the pool for each pre-commencement period in accordance with sub-paragraph (3), and
- (b) the company’s pre-commencement supplement, allocated to the pool for each pre-commencement period in accordance with sub-paragraph (4).
- (3) To allocate qualifying E&A expenditure to the pool for any pre-commencement period, take the following steps—
- (a) *Step 1:* count as eligible expenditure for that period so much of the qualifying E&A expenditure mentioned in paragraph 9(1)(b) as was incurred in that period,
- (b) *Step 2:* find the total of all the eligible expenditure for that period (amount E),
- (c) *Step 3:* if paragraph 11 applies, reduce amount E in accordance with that paragraph,
- (d) *Step 4:* if paragraph 12 applies, reduce (or, as the case may be, further reduce) amount E in accordance with that paragraph,
and so much of amount E as remains after making those reductions shall be taken to have been added to the pool in that period.
- (4) If any pre-commencement supplement is allowed on a claim in respect of a pre-commencement period, the amount of that supplement shall be taken to have been added to the pool in that period.
##### 11
- (1) This paragraph applies in any case where—
- (a) the qualifying company disposes of an interest in an oil licence in a pre-commencement period,
- (b) part of the value of the interest (the “*deductible amount*”) is attributable to qualifying E&A expenditure incurred by the company, and
- (c) section 555 of the Capital Allowances Act (disposal of oil licence with exploitation value) has effect in relation to the disposal.
- (2) For the purpose of allocating qualifying E&A expenditure to the pool for each pre-commencement period—
- (a) find the total of the deductible amounts in the case of all such disposals made by the company (amount D), and
- (b) taking later periods before earlier periods, reduce (but not below nil) amount E for any pre-commencement period by setting against it so much of amount D as does not fall to be set against amount E for a later pre-commencement period.
- (3) In this paragraph “*oil licence*” has the same meaning as in section 555 of the Capital Allowances Act (see section 552 (1) of that Act).
##### 12
- (1) This paragraph applies if there is an amount of unrelieved group ring fence profits for a pre-commencement period.
- (2) For the purpose of allocating qualifying E&A expenditure to the pool for that period—
- (a) find so much (if any) of amount E for that period as remains after any reduction falling to be made under paragraph 11, and
- (b) reduce that amount (but not below nil) by setting against it a sum equal to the aggregate of the amounts of unrelieved group ring fence profits for the period.
##### 13
For the purposes of this Part of this Schedule, the reference amount for a pre-commencement period is the amount in the pool at the end of the period—
- (a) after the addition to the pool of any qualifying E&A expenditure allocated to the pool for that period in accordance with paragraph 10(3), but
- (b) before determining, and adding to the pool, the amount of any pre-commencement supplement claimed in respect of the period.
##### 14
- (1) Any claim for pre-commencement supplement in respect of a pre-commencement period must be made at the same time as, and as if it were part of, the claim under section 441 of the Capital Allowances Act mentioned in paragraph 9(1)(a).
- (2) Subsection (3) of that section (claim for reduced amount) applies in relation to any such claim.
## Part 4 — Post-commencement supplement
#### Employment
##### 15
- (1) A qualifying company which incurs a qualifying E&A loss (see paragraph 17) in a post-commencement period may claim supplement under this Part of this Schedule (“post-commencement supplement”) in respect of—
- (a) that period, or
- (b) any subsequent accounting period in which it carries on its ring fence trade.
- (2) Any post-commencement supplement allowed on a claim in respect of a post-commencement period shall be treated for the purposes of the Corporation Tax Acts (other than this Part of this Schedule or Part 4 of Schedule 19C) as if it were a loss—
- (a) incurred in carrying on the ring fence trade in that period,
- (b) which falls in whole to be set off under section 393 against trading income from the ring fence trade in succeeding accounting periods.
- (3) Paragraph 74 of Schedule 18 to the Finance Act 1998 (company tax returns etc: time limit for claims for group relief) shall apply in relation to a claim for post-commencement supplement as it applies in relation to a claim for group relief.
##### 16
- (1) The amount of the post-commencement supplement for any post-commencement period in respect of which a claim under paragraph 15 is made is the relevant percentage for that period of the reference amount for that period.
- (2) If the post-commencement period is a period of less than twelve months, the amount of the supplement for the period (apart from this sub-paragraph) shall be reduced proportionally.
- (2A) But, if the post-commencement period is the deemed accounting period under paragraph 3(3) ending before 1st January 2006, sub-paragraph (2) has no effect in relation to the amount of the supplement for that period.
- (3) Paragraphs 19 to 24 have effect for the purpose of determining the reference amount for a post-commencement period.
##### 17
- (1) Where—
- (a) in any post-commencement period (“the period of the loss”) a qualifying company carrying on a ring fence trade incurs a loss in the trade, and
- (b) some or all of the loss falls to be set off under section 393 against trading income from the trade in succeeding accounting periods,
so much of the loss as falls to be so set off is a “ring fence loss” of the company.
- (2) In determining for the purposes of this Part of this Schedule how much of a loss incurred in a ring fence trade falls to be set off as mentioned in sub-paragraph (1)(b), it shall be assumed that every claim is made that could be made by the company under section 393A to set losses incurred in the ring fence trade against ring fence profits of earlier post-commencement periods.
- (3) So much of a ring fence loss as is attributable to qualifying E&A allowances for the period of the loss is a “qualifying E&A loss”.
- (4) A ring fence loss is attributable to qualifying E&A allowances to the extent that the amount of the ring fence loss does not exceed the amount of the qualifying E&A allowances for the period of the loss.
- (5) But a claim for post-commencement supplement may include an election for a ring fence loss to be treated—
- (a) as attributable to qualifying E&A allowances for the period of the loss to such lesser extent as may be specified in the election, or
- (b) as not attributable to such allowances.
- (6) “*Qualifying E&A allowances*”, in the case of an accounting period, means allowances for that period under Part 6 of the Capital Allowances Act in respect of qualifying E&A expenditure incurred by the company (including any pre-commencement supplement treated under paragraph 9(2) as such an allowance).
- (7) This paragraph has effect for the purposes of this Part of this Schedule.
##### 18
- (1) So much of a ring fence loss as is not a qualifying E&A loss is a non-qualifying loss.
- (2) Where—
- (a) a loss was incurred by a qualifying company in its ring fence trade in an accounting period ending on or before 31st December 2003, and
- (b) some or all of that loss falls to be set off under section 393 against profits of that trade in accounting periods ending on or after that date,
so much of the loss as falls to be so set off is a ring fence loss and that loss is a non-qualifying loss.
- (3) This paragraph has effect for the purposes of this Part of this Schedule.
##### 18A
- (1) This paragraph applies in any case where the period of the loss in which a ring fence loss is incurred is the deemed accounting period under paragraph 3(3) ending before 1st January 2006.
- (2) The following assumption shall be made for the purpose of calculating the amount of the qualifying E&A loss and the amount of the non-qualifying loss.
- (3) The assumption is that the loss made in the trade is taken to be the loss incurred in the accounting period beginning before 1st January 2006 and ending on or after that date (disregarding paragraph 3(3)).
- (4) The amount of the non-qualifying loss (found in accordance with that assumption) is then reduced (but not below nil) by the following amount.
- (5) The amount is the amount of the ring fence loss in the deemed accounting period beginning on 1st January 2006 determined under paragraph 18 of Schedule 19C for the purposes of Part 4 of that Schedule.
#### Change in company ownership: corporation tax.
##### 19
- (1) For the purpose of determining the amount of any post-commencement supplement, a qualifying company shall be taken at all times in its post-commencement periods to have—
- (a) a continuing pool of the company’s non-qualifying losses (the “non-qualifying pool”), and
- (b) a continuing mixed pool of the company’s qualifying E&A losses and post-commencement supplement (the “qualifying pool”).
- (2) A pool continues even if the amount in it is nil.
##### 20
- (1) The non-qualifying pool consists of the company’s non-qualifying losses, allocated to the pool in accordance with sub-paragraph (2).
- (2) A non-qualifying loss is allocated to the pool by adding the amount of the non-qualifying loss to the pool in the period of the loss.
- (3) In the case of a non-qualifying loss incurred in an accounting period ending on or before 31st December 2003, the period of the loss shall be taken for the purposes of sub-paragraph (2) to be the first accounting period of the company that ends on or after 1st January 2004.
- (4) The amount in the non-qualifying pool is subject to reductions in accordance with the following provisions of this Part of this Schedule.
- (5) Where a reduction in the amount in the non-qualifying pool falls to be made in any accounting period—
- (a) the reduction is to be made after the addition to the pool of any non-qualifying loss allocated to the pool in that period in accordance with sub-paragraph (2), and
- (b) references to the amount in the non-qualifying pool shall be construed accordingly.
##### 21
- (1) The qualifying pool consists of—
- (a) the company’s qualifying E&A losses, allocated to the pool in accordance with sub-paragraph (2)(a), and
- (b) the company’s post-commencement supplement, allocated to the pool in accordance with sub-paragraph (2)(b).
- (2) The allocation of qualifying E&A losses and post-commencement supplement to the pool is as follows—
- (a) the amount of a qualifying E&A loss is added to the pool in the period of the loss, and
- (b) if any post-commencement supplement is allowed on a claim in respect of a post-commencement period, the amount of that supplement is added to the pool in that period.
- (3) The amount in the qualifying pool is subject to reductions in accordance with the following provisions of this Part of this Schedule.
- (4) Where a reduction in the amount in the qualifying pool falls to be made in any accounting period, the reduction is to be made—
- (a) after the addition to the pool of the amount of any qualifying E&A losses allocated to the pool in that period in accordance with sub-paragraph (2)(a), but
- (b) before determining, and adding to the pool, the amount of any supplement claimed in respect of the period,
and references to the amount in the pool shall be construed accordingly.
##### 22
- (1) If one or more ring fence losses are set off under section 393 against any profits of a post-commencement period, reductions shall be made in that period in accordance with this paragraph.
- (2) The amount in the non-qualifying pool shall be reduced (but not below nil) by setting against it a sum equal to the total amount so set off.
- (3) If any of that sum remains after being so set against the amount in the non-qualifying pool, the amount in the qualifying pool shall be reduced (but not below nil) by setting against it so much of that sum as so remains.
- (4) If the post-commencement period is the deemed accounting period under paragraph 3(3) ending before 1st January 2006 (“the deemed accounting period”), the amount of the profits of the deemed accounting period is determined as follows.
- (5) The amount of the profits of the straddling period is apportioned to the deemed accounting period in proportion to the number of days in the deemed accounting period that fall in the straddling period.
- (6) The apportioned amount is taken for the purposes of this paragraph to be the amount of the profits of the deemed accounting period.
- (7) In this paragraph “*the straddling period*”, in relation to a qualifying company, means an accounting period of the company beginning before 1st January 2006 and ending on or after that date (disregarding paragraph 3(3)).
##### 23
- (1) If there is an amount of unrelieved group ring fence profits for a post-commencement period, reductions shall be made in that period in accordance with this paragraph.
- (2) In the following provisions of this paragraph, references to the remaining amount in a pool are references to so much (if any) of the amount in the pool as remains after making any reductions that fall to be made in accordance with paragraph 22.
- (3) The remaining amount in the non-qualifying pool shall be reduced (but not below nil) by setting against it a sum equal to the aggregate of the amounts of unrelieved group ring fence profits for the period.
- (4) If any of that sum remains after being so set against the remaining amount in the non-qualifying pool, the remaining amount in the qualifying pool shall be reduced (but not below nil) by setting against it so much of that sum as so remains.
##### 24
For the purposes of this Part of this Schedule the reference amount for a post-commencement period is so much of the amount in the qualifying pool as remains after making any reductions required by paragraph 22 or 23.
## SCHEDULE 19C
## Part 1 — Introductory
### About this Schedule
##### 1
- (1) This Schedule entitles a company carrying on a ring fence trade, on making a claim in respect of an accounting period beginning on or after 1st January 2006, to a supplement (initially of 6%, but variable by Treasury order) in respect of—
- (a) qualifying pre-commencement expenditure incurred before the trade is set up and commenced,
- (b) losses incurred in the trade, and
- (c) some or all of the supplement allowed in respect of earlier periods.
- (2) Part 2 makes provision about the application and interpretation of this Schedule.
- (3) Part 3 makes provision about supplement in relation to expenditure incurred by the company—
- (a) with a view to carrying on a ring fence trade, but
- (b) in an accounting period before the company sets up and commences that trade.
- (4) Part 4 makes provision about supplement in relation to losses incurred in carrying on the ring fence trade.
- (5) There is a limit on the number of accounting periods (6) in respect of which a company may claim supplement.
- (6) In determining the amount of supplement allowable, reductions fall to be made in respect of—
- (a) disposal receipts in respect of any asset representing qualifying pre-commencement expenditure,
- (b) ring fence losses that could be set off under section 393A against ring fence profits of earlier periods,
- (c) ring fence losses incurred in earlier periods that fall to be set off under section 393 against profits of succeeding periods,
- (d) unrelieved group ring fence profits.
## Part 2 — Application and interpretation
### Qualifying companies
##### 2
This Schedule applies in relation to any company which—
- (a) carries on a ring fence trade, or
- (b) is engaged in any activities with a view to carrying on a ring fence trade,
and in this Schedule any such company is referred to as a “*qualifying company*”.
### Accounting periods
##### 3
- (1) In this Schedule, in the case of any qualifying company,—
- “*the commencement period*” means the accounting period in which the company sets up and commences its ring fence trade;
- “*post-commencement period*” means any accounting period beginning on or after 1st January 2006—which is the commencement period, orwhich ends after the commencement period;
- “*pre-commencement period*” means any accounting period—beginning on or after 1st January 2006, andending before the commencement period.
- (2) For the purposes of this Schedule a company not within the charge to corporation tax which incurs any expenditure is to be treated as having such accounting periods as it would have if—
- (a) it carried on a trade consisting of the activities in respect of which the expenditure is incurred, and
- (b) it had started to carry on that trade when it started to carry on the activities in the course of which the expenditure is incurred.
- (3) In the case of an accounting period (a “straddling period”) of any qualifying company beginning before 1st January 2006 and ending on or after that date—
- (a) so much of the straddling period as falls before 1st January 2006, and
- (b) so much of the straddling period as falls on or after that date,
are treated as separate accounting periods for the purposes of this Schedule.
- (4) But special provision is made elsewhere in this Schedule in relation to straddling periods (see paragraphs 5, 18 and 21(4) to (6)).
### The relevant percentage
##### 4
- (1) For the purposes of this Schedule, the relevant percentage for any accounting period beginning on or after 1st January 2006 is 6%.
- (2) The Treasury may by order vary the percentage for the time being specified in sub-paragraph (1) above for such accounting periods as may be specified in the order.
### Limit on number of accounting periods for which supplement may be claimed
##### 5
- (1) A company may claim supplement under this Schedule in respect of no more than 6 accounting periods.
- (2) The accounting periods in respect of which claims are made need not be consecutive.
- (3) A claim for supplement by the company under Schedule 19B (exploration expenditure supplement) in respect of an accounting period is to count for the purposes of this paragraph as a claim for supplement under this Schedule in respect of that accounting period.
- (4) But, if the company makes a claim for supplement under this Schedule in respect of the deemed accounting period, any claim for supplement by the company under Schedule 19B in respect of the Schedule 19B deemed accounting period is to be ignored for the purposes of this paragraph.
- (5) For this purpose—
- “*the deemed accounting period*” means the deemed accounting period under paragraph 3(3) beginning on 1st January 2006, and
- “*the Schedule 19B deemed accounting period*” means the deemed accounting period under paragraph 3(3) of Schedule 19B ending before 1st January 2006.
### Qualifying pre-commencement expenditure
##### 6
- (1) For the purposes of this Schedule, expenditure is “qualifying pre-commencement expenditure” if it meets conditions A to D.
- (2) Condition A is that the expenditure is incurred on or after 1st January 2006.
- (3) Condition B is that the expenditure is incurred in the course of oil extraction activities.
- (4) Condition C is that the expenditure is incurred by a person with a view to carrying on a ring fence trade but before the person sets up and commences the ring fence trade.
- (5) Condition D is that the expenditure—
- (a) is subsequently allowable as a deduction in calculating the profits of the ring fence trade for the commencement period (whether or not any part of it is so allowable for any post-commencement period), or
- (b) is relevant R&D expenditure incurred by an SME.
- (6) For the purposes of this paragraph, expenditure incurred by a company is “relevant R&D expenditure incurred by an SME” if—
- (a) the company makes an election under paragraph 14 of Schedule 20 to the Finance Act 2000 (R&D tax relief for SMEs: alternative treatment of pre-trading expenditure) in respect of that expenditure, but
- (b) the company does not make a claim for an R&D tax credit under that Schedule in respect of that expenditure.
- (7) In the case of any qualifying pre-commencement expenditure which is relevant R&D expenditure incurred by an SME, the amount of that expenditure is treated for the purposes of this Schedule as being equal to 150% of its actual amount.
- (8) In the case of any qualifying pre-commencement expenditure which is relevant R&D expenditure incurred by a large company, the amount of that expenditure is treated for the purposes of this Schedule as being equal to 125% of its actual amount.
- (9) For this purpose “*relevant R&D expenditure incurred by a large company*” means qualifying expenditure within the meaning given by paragraph 11(3) of Schedule 12 to the Finance Act 2002 (R&D tax relief for large companies).
### Unrelieved group ring fence profits for accounting periods
##### 7
- (1) There is an amount of unrelieved group ring fence profits for an accounting period of a qualifying company (“company Q”) if—
- (a) the company and any other company (“company X”) are members of the same group of companies, within the meaning given by section 413(3)(a), and
- (b) company X has an amount of taxable ring fence profits (see paragraph 8) for a corresponding accounting period.
- (2) An accounting period of company X corresponds to an accounting period of company Q if—
- (a) it coincides with, or falls wholly within, the accounting period of company Q, or
- (b) it falls partly within the accounting period of company Q.
- (3) If an accounting period of company X—
- (a) coincides with an accounting period of company Q, or
- (b) falls wholly within an accounting period of company Q,
there is, for the accounting period of company Q, an amount of unrelieved group ring fence profits equal to the whole of company X's taxable ring fence profits for its accounting period.
- (4) If an accounting period of company X falls partly within an accounting period of company Q—
- (a) there is an amount of unrelieved group ring fence profits for the accounting period of company Q, and
- (b) that amount is an amount equal to the part of company X's taxable ring fence profits for its accounting period that is attributable, on an apportionment in accordance with section 834(4), to the part of that period which falls within the accounting period of company Q.
- (5) This paragraph applies for the purposes of this Schedule.
### Taxable ring fence profits of an accounting period
##### 8
For the purposes of this Schedule, a company has taxable ring fence profits for an accounting period if it has an amount of ring fence profits which is chargeable to corporation tax for that accounting period after any group relief claimed under Chapter 4 of Part 10.
## Part 3 — Pre-commencement supplement
### Supplement in respect of a pre-commencement accounting period
##### 9
- (1) If—
- (a) a qualifying company incurs qualifying pre-commencement expenditure in respect of a ring fence trade, and
- (b) the expenditure is incurred before the commencement period,
the company may claim supplement under this Part of this Schedule (“pre-commencement supplement”) in respect of one or more pre-commencement periods.
- (2) Any pre-commencement supplement allowed on a claim in respect of a pre-commencement period is to be treated as expenditure—
- (a) which is incurred by the company in the commencement period, and
- (b) which is allowable as a deduction in calculating the profits of the ring fence trade for that period.
- (3) The amount of the supplement for any pre-commencement period in respect of which a claim under this paragraph is made is the relevant percentage for that period of the reference amount for that period.
- (4) If the pre-commencement period is a period of less than twelve months, the amount of the supplement for the period (apart from this sub-paragraph) is to be reduced proportionally.
- (5) Paragraphs 10 to 13 have effect for the purpose of determining the reference amount for a pre-commencement period.
### The mixed pool of qualifying pre-commencement expenditure and supplement previously allowed
##### 10
- (1) For the purpose of determining the amount of any pre-commencement supplement, a qualifying company is to be taken to have had, at all times in the pre-commencement periods of the company, a continuing mixed pool of—
- (a) the relevant amount (if any) which the company carries forward under Schedule 19B,
- (b) qualifying pre-commencement expenditure, and
- (c) pre-commencement supplement.
- (2) The pool is to be taken to have consisted of—
- (a) the relevant amount (if any) which the company carries forward under Schedule 19B,
- (b) the company's qualifying pre-commencement expenditure, allocated to the pool for each pre-commencement period in accordance with sub-paragraph (3), and
- (c) the company's pre-commencement supplement, allocated to the pool for each pre-commencement period in accordance with sub-paragraph (4).
- (3) To allocate qualifying pre-commencement expenditure to the pool for any pre-commencement period, take the following steps—
- (a) *Step 1:* count as eligible expenditure for that period so much of the qualifying pre-commencement expenditure mentioned in paragraph 9(1) as was incurred in that period,
- (b) *Step 2:* find the total of all the eligible expenditure for that period (amount E),
- (c) *Step 3:* if paragraph 11 applies, reduce amount E in accordance with that paragraph,
- (d) *Step 4:* if paragraph 12 applies, reduce (or, as the case may be, further reduce) amount E in accordance with that paragraph,
and so much of amount E as remains after making those reductions is to be taken to have been added to the pool in that period.
- (4) If any pre-commencement supplement is allowed on a claim in respect of a pre-commencement period, the amount of that supplement is to be taken to have been added to the pool in that period.
- (5) In this paragraph references to the relevant amount (if any) which the company carries forward under Schedule 19B are to the amount in its mixed pool for the purposes of Part 3 of Schedule 19B immediately before 1st January 2006.
### Reduction in respect of disposal receipts under the Capital Allowances Act
##### 11
- (1) This paragraph applies in the case of the qualifying company if—
- (a) it incurs qualifying pre-commencement expenditure in respect of a ring fence trade in any pre-commencement period,
- (b) it would, on the relevant assumption, be entitled to an allowance under any provision of the Capital Allowances Act in respect of that expenditure,
- (c) an event occurs in relation to any asset representing the expenditure in any pre-commencement period, and
- (d) the event would, on the relevant assumption, require a disposal value (the “deductible amount”) to be brought into account under any provision of the Capital Allowances Act for any pre-commencement period.
- (2) The relevant assumption is that the company was carrying on the ring fence trade—
- (a) when the expenditure was incurred, and
- (b) when the event giving rise to the disposal value occurred.
- (3) For the purpose of allocating qualifying pre-commencement expenditure to the pool for each pre-commencement period—
- (a) find the total amount of the disposal values in the case of all such events (amount D), and
- (b) taking later periods before earlier periods, reduce (but not below nil) amount E for any pre-commencement period by setting against it so much of amount D as does not fall to be set against amount E for a later pre-commencement period.
### Reduction in respect of unrelieved group ring fence profits
##### 12
- (1) This paragraph applies if there is an amount of unrelieved group ring fence profits for a pre-commencement period.
- (2) For the purpose of allocating qualifying pre-commencement expenditure to the pool for that period—
- (a) find so much (if any) of amount E for that period as remains after any reduction falling to be made under paragraph 11, and
- (b) reduce that amount (but not below nil) by setting against it a sum equal to the aggregate of the amounts of unrelieved group ring fence profits for the period.
### The reference amount for a pre-commencement period
##### 13
For the purposes of this Part of this Schedule, the reference amount for a pre-commencement period is the amount in the pool at the end of the period—
- (a) after the addition to the pool of any qualifying pre-commencement expenditure allocated to the pool for that period in accordance with paragraph 10(3), but
- (b) before determining, and adding to the pool, the amount of any pre-commencement supplement claimed in respect of the period.
### Claims for pre-commencement supplement
##### 14
- (1) Any claim for pre-commencement supplement in respect of a pre-commencement period must be made as a claim for the commencement period.
- (2) Paragraph 74 of Schedule 18 to the Finance Act 1998 (company tax returns etc: time limit for claims for group relief) applies in relation to a claim for pre-commencement supplement as it applies in relation to a claim for group relief.
## Part 4 — Post-commencement supplement
### Supplement in respect of a post-commencement period
##### 15
- (1) A qualifying company which incurs a ring fence loss (see paragraph 17) in a post-commencement period may claim supplement under this Part of this Schedule (“post-commencement supplement”) in respect of—
- (a) that period, or
- (b) any subsequent accounting period in which it carries on its ring fence trade.
- (2) Any post-commencement supplement allowed on a claim in respect of a post-commencement period is to be treated for the purposes of the Corporation Tax Acts (other than this Part of this Schedule or Part 4 of Schedule 19B) as if it were a loss—
- (a) which is incurred in carrying on the ring fence trade in that period, and
- (b) which falls in whole to be set off under section 393 against trading income from the ring fence trade in succeeding accounting periods.
- (3) Paragraph 74 of Schedule 18 to the Finance Act 1998 (company tax returns etc: time limit for claims for group relief) applies in relation to a claim for post-commencement supplement as it applies in relation to a claim for group relief.
### Amount of post-commencement supplement for a post-commencement period
##### 16
- (1) The amount of the post-commencement supplement for any post-commencement period in respect of which a claim under paragraph 15 is made is the relevant percentage for that period of the reference amount for that period.
- (2) If the post-commencement period is a period of less than twelve months, the amount of the supplement for the period (apart from this sub-paragraph) is to be reduced proportionally.
- (3) Paragraphs 19 to 23 have effect for the purpose of determining the reference amount for a post-commencement period.
### Ring fence losses
##### 17
- (1) If—
- (a) in any post-commencement period (“the period of the loss”) a qualifying company carrying on a ring fence trade incurs a loss in the trade, and
- (b) some or all of the loss falls to be set off under section 393 against trading income from the trade in succeeding accounting periods,
so much of the loss as falls to be so set off is a “ring fence loss” of the company.
- (2) In determining for the purposes of this Part of this Schedule how much of a loss incurred in a ring fence trade falls to be set off as mentioned in sub-paragraph (1)(b), the following assumption is to be made.
- (3) The assumption is that every claim is made that could be made by the company under section 393A to set losses incurred in the ring fence trade against ring fence profits of earlier post-commencement periods.
- (4) This paragraph is subject to paragraph 18 (special rule for straddling periods).
- (5) This paragraph has effect for the purposes of this Part of this Schedule.
### Special rule for straddling periods
##### 18
- (1) This paragraph applies if the period of the loss in which a ring fence loss is incurred is the deemed accounting period under paragraph 3(3) beginning on 1st January 2006 (“the deemed accounting period”).
- (2) The amount of the ring fence loss in the deemed accounting period is determined as follows.
- *Step 1*
- Calculate so much of the ring fence loss in the straddling period as, for the purposes of Part 4 of Schedule 19B, is attributable to qualifying E&A allowances for the straddling period.
- The amount given by this step is “the qualifying Schedule 19B amount”.
- *Step 2*
- Calculate so much of the ring fence loss in the straddling period as is attributable to allowances for the straddling period under Part 6 of the Capital Allowances Act in respect of relevant expenditure.
- For the purposes of this step “*relevant expenditure*” means expenditure incurred by the company on or after 1st January 2006 which, but for that fact, would be qualifying E&A expenditure for the purposes of Schedule 19B.
- For the purposes of this step a ring fence loss is attributable to those allowances to the extent that the amount of the loss (less the qualifying Schedule 19B amount) does not exceed the amount of those allowances for that period.
- The amount given by this step is “the amount of the post-1st January 2006 E&A allowances”.
- *Step 3*
- Deduct the qualifying Schedule 19B amount and the amount of the post-1st January 2006 E&A allowances from the amount of the ring fence loss in the straddling period.
- *Step 4*
- Apportion the remaining amount of that loss (if any) to the deemed accounting period in proportion to the number of days in the deemed accounting period that fall in the straddling period.
- The amount given by this step is “the amount of the apportioned loss”.
- *Step 5*
- The amount of the ring fence loss in the deemed accounting period is the amount of the apportioned loss plus the amount of the post-1st January 2006 E&A allowances.
- (3) In this paragraph “*the straddling period*”, in relation to a qualifying company, means an accounting period of the company—
- (a) beginning before 1st January 2006, and
- (b) ending on or after that date,
disregarding paragraph 3(3).
- (4) In this paragraph references to the ring fence loss in the straddling period are to that loss determined on the assumption that the straddling period is the period of the loss for the purposes of paragraph 17.
- (5) This paragraph has effect for the purposes of this Part of this Schedule.
### The pool of ring fence losses and the pool of non-qualifying Schedule 19B losses
##### 19
- (1) For the purpose of determining the amount of any post-commencement supplement, a qualifying company is to be taken at all times in its post-commencement periods to have a continuing mixed pool (the “ring fence pool”) of—
- (a) the carried forward qualifying Schedule 19B amount,
- (b) the company's ring fence losses, and
- (c) post-commencement supplement.
- (2) The ring fence pool continues even if the amount in it is nil.
- (3) For the purpose of determining the amount of any post-commencement supplement, a qualifying company is also to be taken in its post-commencement periods to have a non-qualifying pool consisting of the carried forward non-qualifying Schedule 19B amount.
- (4) But the non-qualifying pool ceases to exist when the amount in it is reduced to nil.
- (5) In this paragraph—
- “*the carried forward qualifying Schedule 19B amount*”, in relation to a qualifying company, means the amount in its qualifying pool for the purposes of Part 4 of Schedule 19B immediately before 1st January 2006, and
- “*the carried forward non-qualifying Schedule 19B amount*”, in relation to a qualifying company, means the amount in its non-qualifying pool for the purposes of Part 4 of Schedule 19B immediately before 1st January 2006.
### The ring fence pool
##### 20
- (1) The ring fence pool consists of—
- (a) the carried forward qualifying Schedule 19B amount,
- (b) the company's ring fence losses, allocated to the pool in accordance with sub-paragraph (2)(a), and
- (c) the company's post-commencement supplement, allocated to the pool in accordance with sub-paragraph (2)(b).
- (2) The allocation of ring fence losses and post-commencement supplement to the pool is as follows—
- (a) the amount of a ring fence loss is added to the pool in the period of the loss, and
- (b) if any post-commencement supplement is allowed on a claim in respect of a post-commencement period, the amount of that supplement is added to the pool in that period.
- (3) The amount in the ring fence pool is subject to reductions in accordance with the following provisions of this Part of this Schedule.
- (4) If a reduction in the amount in the ring fence pool falls to be made in any accounting period, the reduction is to be made—
- (a) after the addition to the pool of the amount of any ring fence losses allocated to the pool in that period in accordance with sub-paragraph (2)(a), but
- (b) before determining, and adding to the pool, the amount of any supplement claimed in respect of the period,
and references to the amount in the pool are to be read accordingly.
- (5) In this paragraph “*the carried forward qualifying Schedule 19B amount*”, in relation to a qualifying company, means the amount in its qualifying pool for the purposes of Part 4 of Schedule 19B immediately before 1st January 2006.
### Reductions in respect of utilised ring fence losses
##### 21
- (1) If one or more ring fence losses are set off under section 393 against any profits of a post-commencement period, reductions are to be made in that period in accordance with this paragraph.
- (2) If the company has a non-qualifying pool, the amount in the non-qualifying pool is to be reduced (but not below nil) by setting against it a sum equal to the total amount so set off.
- (3) If—
- (a) any of that sum remains after being so set against the amount in the non-qualifying pool, or
- (b) the company does not have a non-qualifying pool,
the amount in the ring fence pool is to be reduced (but not below nil) by setting against it so much of that sum as so remains or (as the case may be) a sum equal to the total amount set off as mentioned in sub-paragraph (1).
- (4) If the post-commencement period is the deemed accounting period under paragraph 3(3) beginning on 1st January 2006 (“the deemed accounting period”), the amount of the profits of the deemed accounting period is determined as follows.
- (5) The amount of the profits of the straddling period is apportioned to the deemed accounting period in proportion to the number of days in the deemed accounting period that fall in the straddling period.
- (6) The apportioned amount is taken for the purposes of this paragraph to be the amount of the profits of the deemed accounting period.
- (7) In this paragraph “*the straddling period*”, in relation to a qualifying company, means an accounting period of the company—
- (a) beginning before 1st January 2006, and
- (b) ending on or after that date,
disregarding paragraph 3(3).
### Reductions in respect of unrelieved group ring fence profits
##### 22
- (1) If there is an amount of unrelieved group ring fence profits for a post-commencement period, reductions are to be made in that period in accordance with this paragraph.
- (2) If, after making any reductions that fall to be made in accordance with paragraph 21, the company does not have a non-qualifying pool, the remaining amount in the ring fence pool is to be reduced (but not below nil) by setting against it a sum equal to the aggregate of the amounts of unrelieved group ring fence profits for the period.
- (3) If, after making any reductions that fall to be made in accordance with paragraph 21, the company has an amount in a non-qualifying pool, the amount in that pool is to be reduced (but not below nil) by setting against it a sum equal to the aggregate of the amounts of unrelieved group ring fence profits for the period.
- (4) If any of that sum remains after being so set against the amount in the non-qualifying pool, the remaining amount in the ring fence pool is to be reduced (but not below nil) by setting against it so much of that sum as so remains.
- (5) For the purposes of this paragraph references to the remaining amount in the ring fence pool are references to so much (if any) of the amount in the ring fence pool as remains after making any reductions that fall to be made in accordance with paragraph 21.
### The reference amount for a post-commencement period
##### 23
For the purposes of this Part of this Schedule the reference amount for a post-commencement period is so much of the amount in the ring fence pool as remains after making any reductions required by paragraph 21 or 22.
##### 3A
Any investment in a common deposit fund established under section 22A of the Charities Act 1960 or section 25 of the Charities Act 1993 or in any similar fund established for the exclusive benefit of charities by or under any enactment relating to any particular charities or class of charities.
##### 6A
Shares in an open-ended investment company.
##### 7A
Uncertificated eligible debt security units as defined in section 552(2) of ITTOIA 2005.
##### 7A
- (1) This paragraph applies if a calculation falls to be made under paragraph 7 above in a case where—
- (a) relief is to be given under section 454 of ITTOIA 2005 (listed deeply discounted securities held since 26th March 2003: relief for losses) in respect of a loss sustained on the disposal of securities, and
- (b) had there been a profit on the disposal it would have been eligible for relief from tax for the year of assessment in which the loss is sustained by virtue of section 592(2).
- (2) That relief is to be given before the calculation under paragraph 7 above is made.
- (3) Then the amount of income to which the specified percentage is applied by virtue of sub-paragraph (3)(a) of that paragraph is reduced by the amount of that relief.
- (4) In this paragraph “*disposal*” has the same meaning as in Chapter 8 of Part 4 of ITTOIA 2005.
## SCHEDULE 23ZA
### Interpretation
##### 1
- (1) In this Schedule—
- “*the date of the change*” shall be construed in accordance with paragraph 3(2) below;
- “*eligible scheme*” shall be construed in accordance with paragraph 2(4) below;
- “*the personal pension provisions of this Act*” means this Schedule and the other provisions of Chapter IV of Part XIV;
- “*prescribed*” (except in paragraph 2(3)(c)) means specified in, or determined in accordance with, regulations;
- “*regulations*” means regulations made by the Board.
- (2) Any power conferred by this Schedule to make regulations includes power to make different provision for different cases or different purposes.
### Eligible schemes
##### 2
- (1) This Schedule applies to any retirement benefits scheme which is for the time being approved under Chapter I of Part XIV.
- (2) Sub-paragraph (1) above is subject to the following provisions of this paragraph.
- (3) This Schedule applies to a retirement benefits scheme only if—
- (a) it is an occupational pension scheme, as defined in section 1 of the Pension Schemes Act 1993 or section 1 of the Pensions Schemes (Northern Ireland) Act 1993;
- (b) it is a money-purchase scheme, as defined in section 181 of the Pension Schemes Act 1993 or section 176 of the Pensions Schemes (Northern Ireland) Act 1993;
- (c) any documents relating to the scheme which are prescribed under section 631(1) are such that, subject to approval under paragraph 3 below, the scheme is capable of being an approved personal pension scheme for the purposes of Chapter IV of Part XIV as from the date of the change; and
- (d) such other conditions as may be prescribed are satisfied in the case of the scheme.
- (4) Any retirement benefits scheme to which this Schedule applies is referred to in this Schedule as an “eligible scheme".
### Approval of eligible schemes as approved personal pension schemes
##### 3
- (1) The trustees of an eligible scheme may at any time on or after 1st October 2000 apply to the Board for approval of the scheme under this paragraph.
- (2) If an application under sub-paragraph (1) above is granted, the eligible scheme shall, as from such date as the Board may specify in granting the application (the “*date of the change*”),—
- (a) irrevocably cease to be approved, and to be capable of approval, under Chapter I of Part XIV; and
- (b) become an approved personal pension scheme (and subject accordingly to section 631(4) and the other provisions of Chapter IV of Part XIV).
- (3) The date of the change must not be earlier than 6th April 2001.
- (4) An application under sub-paragraph (1) above shall be in such form, shall contain such information, and shall be accompanied by such documents, in such form, and prepared as at such time, as the Board may prescribe.
- (5) The Board may at their discretion grant or refuse an application under sub-paragraph (1) above.
- (6) The Board’s discretion under sub-paragraph (5) above shall be subject to the restrictions set out in sections 632 to 638A and this Schedule.
- (7) The Board shall give notice to the applicant of the grant or refusal of an application.
- (8) A notice under sub-paragraph (7) above shall, in the case of a refusal, state the grounds for the refusal.
- (9) If, at any time after the making of an application under sub-paragraph (1) above, the eligible scheme concerned ceases to be approved under Chapter I of Part XIV otherwise than by virtue of the operation of sub-paragraph (2)(a) above, the scheme shall not, by virtue of that application, become an approved personal pension scheme.
### Excessive funding of certain individual members
##### 4
- (1) The Board may refuse or withhold approval under paragraph 3 above in the case of an eligible scheme of a prescribed description if or so long as they are not satisfied that prescribed requirements will be fulfilled with respect to—
- (a) the value of any prescribed benefits which may be provided for or in respect of an individual member of a prescribed description, and
- (b) the value of the assets held for the purpose of providing benefits for or in respect of that member,
if approval under paragraph 3 above is granted.
- (2) Regulations may make provision for or in connection with cases where the value mentioned in paragraph (b) of sub-paragraph (1) above exceeds, or exceeds by more than a prescribed percentage, the value mentioned in paragraph (a) of that sub-paragraph.
- (3) The provision that may be made by virtue of sub-paragraph (2) above includes provision for or in connection with eliminating or reducing any such excess within a prescribed period by one or more prescribed methods.
- (4) Regulations may make provision for the purposes of this paragraph for or in connection with—
- (a) the valuation of benefits; or
- (b) the valuation of assets.
- (5) The provision that may be made by virtue of sub-paragraph (4)(a) or (b) above includes provision with respect to, or in connection with,—
- (a) the person by whom any such valuation is to be made;
- (b) the method or principles of valuation to be used;
- (c) certification of any such valuations and of any prescribed matters relating to or connected with them;
- (d) any facts, matters or assumptions by reference to which any such valuation is to be made;
- (e) any tables to be used for the purpose of making any such valuation;
- (f) the basis on which any such tables are to be prepared;
- (g) the manner in which any such tables are to be applied.
- (6) The methods or principles of valuation and the tables that may be prescribed by virtue of sub-paragraph (5) above include methods or principles or, as the case may be, tables published by the Government Actuary for any purposes of the personal pension provisions of this Act.
### Directions as to contributions between valuation and date of change etc.
##### 5
- (1) The Board may give directions for or in connection with—
- (a) prohibiting the making of contributions during the post-valuation period, or
- (b) restricting the amount of the contributions that may be made during that period,
by or in respect of members of a converting scheme.
- (2) Directions under sub-paragraph (1) above—
- (a) may be given in respect of schemes generally, schemes of a particular description or any particular scheme or schemes; and
- (b) may make different provision in relation to different schemes or different members.
- (3) Any directions under sub-paragraph (1) above must be complied with by—
- (a) the trustees and managers, or administrators, of any scheme to which the directions relate;
- (b) any member of such a scheme to whom the directions relate; and
- (c) any person who is the employer of such a member.
- (4) If there is any contravention of, or failure to comply with, directions under sub-paragraph (1) above, the Board may—
- (a) refuse or withhold approval of the conversion application in question; or
- (b) revoke or vary any approval granted or any conditions pending the satisfaction of which approval is withheld.
- (5) Sub-paragraph (4) above is without prejudice to any other powers of the Board.
- (6) In this paragraph—
- “*conversion application*”, in the case of a converting scheme, means the application under paragraph 3(1) above in respect of the scheme;
- “*converting scheme*” means a scheme in respect of which an application under paragraph 3(1) above has been made and not withdrawn or finally refused;
- “*the post-valuation period*”, in the case of a converting scheme, means the period which—begins with the day as at which any valuation for the purposes of paragraph 4 above is made in connection with the conversion application; andends with the day preceding the date of the change (or, if earlier, the date on which the conversion application is withdrawn or finally refused).
- (7) For the purposes of this paragraph, an application is “*finally refused*” when it has been refused by the Board and—
- (a) the time for appealing under section 651 against the refusal has expired without such an appeal being made; or
- (b) an appeal under that section against the refusal has been withdrawn or finally disposed of in a way which affirms refusal of the application.
- (8) Any directions under this paragraph must be given in writing.
### Scheme rules to allow changes for purpose of conversion
##### 6
An approved retirement benefits scheme shall be taken to include provisions allowing the making of changes to any provisions of the scheme for the purpose of enabling the scheme to become an eligible scheme, notwithstanding anything to the contrary in any provision of the scheme.
## Schedule 23A
### Interpretation
##### 1
- (1) In this Schedule—
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*dividend manufacturer*” has the meaning given by paragraph 2(1) below;
- “*dividend manufacturing regulations*” means regulations made by the Treasury under this Schedule;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*manufactured dividend*” . . . and “*manufactured overseas dividend*” shall be construed respectively in accordance with paragraphs 2 . . . and 4 below, as shall references to the gross amount thereof;
- “*manufactured interest*” means an amount—which is representative of a periodical payment of interest on United Kingdom securities, andwhich, under a contract or other arrangements for the transfer of the securities, one of the parties is required to pay to the other;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*overseas dividend*” means any interest, dividend or other annual payment payable in respect of any overseas securities;
- “*overseas dividend manufacturer*” has the meaning given by paragraph 4(1) below;
- “*overseas securities*” means—shares, stock or other securities issued by a government or public or local authority of a territory outside the United Kingdom or by any other body of persons not resident in the United Kingdom;. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*overseas tax*” means tax under the law of a territory outside the United Kingdom;
- “*overseas tax credit*” means any such credit under the law of a territory outside the United Kingdom in respect of overseas tax as corresponds to a tax credit;
- “*prescribed*” means prescribed in dividend manufacturing regulations;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*securities*” includes any loan stock or similar security;
- “*transfer*” includes any sale or other disposal;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*United Kingdom equities*” means shares of any company resident in the United Kingdom;
- “*United Kingdom securities*” means securities of the government of the United Kingdom, of any public or local authority in the United Kingdom or of any company or other body resident in the United Kingdom, but does not include . . . United Kingdom equities.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Manufactured dividends on UK equities: general
##### 2
- (1) This paragraph applies in any case where, under a contract or other arrangements for the transfer of United Kingdom equities, one of the parties (a “*dividend manufacturer*”) is required to pay to the other (“*the recipient*”) an amount (a “*manufactured dividend*”) which is representative of a dividend on the equities.
- (2) Where a manufactured dividend is paid by a dividend manufacturer who is a company resident in the United Kingdom, the Corporation Tax Acts shall have effect—
- (a) in relation to the recipient, and persons claiming title through or under him, as if the manufactured dividend were a dividend on the UK equities in question; and
- (b) in relation to the dividend manufacturer, as if the amount paid were a dividend of his.
- (3) Where a manufactured dividend to which sub-paragraph (2) above does not apply is paid by any person—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) the Corporation Tax Acts shall have effect in relation to the recipient, and persons claiming title through or under him, as if the manufactured dividend were a dividend on the United Kingdom equities in question; . . .
- (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) . . . Where—
- (a) a dividend manufacturer pays a manufactured dividend . . . , . . . , and
- (aa) the dividend manufacturer is a non-UK resident company within the charge to corporation tax,
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
the dividend manufacturer shall, on paying the manufactured dividend, provide the recipient with a statement in writing setting out the matters specified in sub-paragraph (7) below.
- (7) Those matters are—
- (a) the amount of the manufactured dividend;
- (b) the date of the payment of the manufactured dividend; and
- (c) the amount of the tax credit to which, by virtue of sub-paragraph (3)(b) above or section 573(2) of ITA 2007, the recipient or a person claiming title through or under him either—
- (i) is entitled in respect of the manufactured dividend, or
- (ii) would be so entitled were all the conditions of a right to a tax credit satisfied, in the case of the recipient or that person, as respects the dividend which the recipient is deemed to receive.
- (8) The duty imposed by sub-paragraph (6) above shall be enforceable at the suit or instance of the recipient.
### Manufactured interest on United Kingdom securities
##### 3
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 3A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Deductibility of manufactured payment in the case of the manufacturer
##### 2A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Manufactured dividends representative of foreign income dividends
##### 2B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Manufactured overseas dividends
##### 4
- (1) This paragraph applies in any case where, under a contract or other arrangements for the transfer of overseas securities, one of the parties (the “*overseas dividend manufacturer*”) is required to pay to the other (“*the recipient*”) an amount representative of an overseas dividend on the overseas securities; and in this Schedule the “*manufactured overseas dividend*” means any payment which the overseas dividend manufacturer makes in discharge of that requirement.
- (1A) Where a manufactured overseas dividend is paid as set out in sub-paragraph (1) above it shall be treated—
- (a) as an expense of the trade where a company carries on a trade to which that payment relates;
- (b) where a company has investment business to which the payment relates, for the purposes of section 75 as expenses of management;
- (c) in the case of a company carrying on life assurance business—
- (i) so far as the payment is referable to basic life assurance and general annuity business, for the purposes of section 76 as if it were an expense payable falling to be brought into account at Step 3 of subsection (7) of that section, and
- (ii) the payment is to be treated as referable to basic life assurance and general annuity business to the extent that the overseas dividend of which it is representative is or would, if it were received by the company, be so referable by virtue of section 432A.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) Where a manufactured overseas dividend is paid after deduction of the amount required by section 922(2) of ITA 2007 (amount of income tax to be deducted at source), or where the amount of tax required under section 923 of that Act (income tax to be accounted for and paid) in respect of such a dividend has been accounted for and paid, then for all purposes of the Corporation Tax Acts. . . —
- (a) the manufactured overseas dividend shall be treated in relation to the recipient, and all companies claiming title through or under the recipient, as if it were an overseas dividend of an amount equal to the gross amount of the manufactured overseas dividend, but paid after the withholding therefrom, on account of overseas tax, of the amount deducted under section 922(2) of ITA 2007; and
- (b) the amount so deducted shall accordingly be treated in relation to the recipient, and all companies claiming title through or under the recipient, as an amount so withheld instead of as an amount on account of income tax.
- (5) For the purposes of this paragraph—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) the gross amount of a manufactured overseas dividend is an amount equal to the gross amount of that overseas dividend of which the manufactured overseas dividend is representative, as mentioned in sub-paragraph (1) above; and
- (c) the gross amount of an overseas dividend is an amount equal to the aggregate of—
- (i) so much of the overseas dividend as remains after the deduction of the overseas tax (if any) chargeable on it;
- (ii) the amount of the overseas tax (if any) so deducted; and
- (iii) the amount of the overseas tax credit (if any) in respect of the overseas dividend.
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (7AA) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (7A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (9) Without prejudice to section 97 of the Finance Act 1996 (manufactured interest), the references in this paragraph to all the purposes of the Corporation Tax Acts do not include the purposes of Chapter II of Part IV of that Act (loan relationships).
##### 4A
- (1) A reference in paragraph 4(4)(a) or (b) to the relevant amount in relation to an amount deducted under section 922(2) of ITA 2007 is—
- (a) where the deduction is made in respect of a manufactured overseas dividend that is treated as paid under paragraph 13(1) of Schedule 13 to FA 2007 (sale and repurchase of securities), to amount A, and
- (b) otherwise, to the amount deducted under section 922(2) of ITA 2007.
- (2) Amount A is—
- (a) in a case to which sub-paragraph (3) applies, the amount deducted under section 922(2) of ITA 2007,
- (b) in a case to which sub-paragraph (4) applies—
- (i) the amount deducted under section 922(2) of ITA 2007, less
- (ii) the excess mentioned in that sub-paragraph, and
- (c) in any other case, nil.
- (3) This sub-paragraph applies to a case in which—
- (a) an amount is actually paid by way of manufactured overseas dividend,
- (b) the amount so paid equals the relevant net amount, and
- (c) it is reasonable to assume that, in deciding the repurchase price of the securities, no account was taken of the fact that the amount would be so paid.
- (4) This sub-paragraph applies to a case in which—
- (a) an amount is actually paid by way of manufactured overseas dividend,
- (b) the amount so paid exceeds the relevant net amount, and
- (c) it is reasonable to assume that, in deciding the repurchase price of the securities, no account was taken of the fact that the amount would be so paid.
- (5) In this paragraph “the repurchase price” of the securities means the price at which the payer of the manufactured overseas dividend is entitled or obliged to sell the securities, or similar securities, to the recipient of the manufactured overseas dividend.
- (6) In this paragraph “*the securities*” means the securities in respect of which the overseas dividend of which the manufactured overseas dividend is representative is paid.
- (7) In this paragraph “*the relevant net amount*” means—
- (a) the gross amount of the overseas dividend of which the manufactured overseas dividend is representative, less
- (b) the amount deducted under section 922(2) of ITA 2007.
### Dividends and interest passing through the market
##### 5
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Unapproved manufactured payments
##### 6
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Irregular manufactured payments
##### 7
- (1) . . . In any case where (apart from this paragraph)—
- (a) an amount paid by way of manufactured dividend would exceed the amount of the dividend of which it is representative, or
- (b) the aggregate of—
- (i) an amount paid by way of . . . manufactured overseas dividend, and
- (ii) the tax required to be accounted for in connection with the making of that payment,
would exceed the gross amount (as determined in accordance with paragraph . . . 4 above) of the . . . overseas dividend of which it is representative . . . ,
the payment shall, to the extent of an amount equal to the excess, not be regarded for the purposes of this Schedule as made in discharge of the requirement referred to in paragraph 2(1). . . or 4(1) above, as the case may be, but shall instead to that extent be taken for all purposes of the Corporation Tax Acts to constitute a separate fee for entering into the contract or other arrangements under which it was made, notwithstanding anything in paragraph 2 above or anything in paragraph 4 other than in sub-paragraph (1A).
- (1A) Sub-paragraph (1) above does not apply in the case of the amount of any . . . manufactured overseas dividend which falls in accordance with section 97 of the Finance Act 1996 to be treated for the purposes of Chapter II of Part IV of that Act as interest under a loan relationship.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) For the purpose of giving relief under any provision of the Corporation Tax Acts in a case falling within paragraph . . . 4(1) above where (apart from this paragraph) the aggregate referred to in sub-paragraph (1)(b) above would be less than the gross amount there mentioned—
- (a) the gross amount of the . . . manufactured overseas dividend shall be taken to be an amount equal to the aggregate referred to in sub-paragraph (1)(b) above, . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
notwithstanding anything in paragraph . . . 4 above.
- (4) In this paragraph “*relief*” means relief by way of—
- (a) deduction in computing profits or gains; or
- (b) deduction . . . against . . . total profits.
### Manufactured payments under arrangements having an unallowable purpose
##### 7A
- (1) This paragraph applies in any case where—
- (a) a manufactured payment falls to be made by a company in an accounting period in pursuance of any arrangements (see sub-paragraphs (9) and (10) for definitions), and
- (b) the arrangements have an unallowable purpose at any time (see sub-paragraphs (3) to (5)).
But this is subject to sub-paragraph (8) below (cases where tax relief is denied apart from this paragraph).
- (2) The company is not entitled, by virtue of anything in this Schedule or any provision of regulations under it, or otherwise, to any relevant tax relief (see sub-paragraph (10)), to the extent that the relief is in respect of, or referable to, the whole or any part of so much of the manufactured payment as, on a just and reasonable apportionment, is attributable to the unallowable purpose.
- (3) Arrangements have an unallowable purpose at any time if at that time the purposes for which the company is a party to—
- (a) the arrangements,
- (b) any related transaction (see sub-paragraphs (6) and (7)), or
- (c) any transaction in pursuance of the arrangements,
include a purpose (“the unallowable purpose”) which is not among the business or other commercial purposes of the company.
- (4) The business and other commercial purposes of a company do not include the purposes of any part of its activities in respect of which it is not within the charge to corporation tax.
- (5) Where one of the purposes for which a company is at any time a party to—
- (a) any arrangements,
- (b) any related transaction in the case of any arrangements, or
- (c) any transaction in pursuance of any arrangements,
is a tax avoidance purpose, that purpose shall be taken to be a business or other commercial purpose of the company only where it is not the main purpose, or one of the main purposes, for which the company is party to the arrangements or transaction at that time.
- (6) One or more transactions are to be regarded as related transactions, in the case of any arrangements, if it would be reasonable to assume, from either or both of—
- (a) the likely effect of the transactions, and
- (b) the circumstances in which the transactions are entered into or effected,
that none of the transactions would have been entered into or effected independently of the arrangements.
- (7) Transactions are not prevented from being related transactions, in the case of any arrangements, just because the transactions—
- (a) are not between the same parties, or
- (b) are not between the parties to the arrangements.
- (8) This paragraph does not apply if, as a result of any of the following provisions—
- (a) section 75(4)(b) (expenses of management of companies with investment business: unallowable purposes),
- (b) section 76(4)(d) (expenses of insurance companies: unallowable purposes),
- (c) paragraph 13 of Schedule 9 to the Finance Act 1996 (loan relationships with unallowable purposes),
the company in question is not entitled to a relevant tax relief in respect of, or referable to, the whole or any part of the manufactured payment.
The references to sections 75 and 76 are references to those provisions as they have effect in relation to accounting periods beginning on or after 1st April 2004.
- (9) Any reference in this paragraph to a manufactured payment falling to be made by a company includes a reference to a manufactured payment which is deemed by or under any provision of the Tax Acts to be made by a company (and references to a transaction, or to a company being party to a transaction, are to be construed accordingly).
- (10) In this paragraph—
- “*arrangements*” includes schemes, arrangements and understandings of any kind, whether or not legally enforceable, and shall be taken to include any related transactions;
- “*manufactured payment*” means any of the following—any manufactured dividend;any manufactured interest;any manufactured overseas dividend;any payment which by virtue of paragraph 7(1) constitutes a fee;
- “*related transaction*” shall be construed in accordance with sub-paragraphs (6) and (7) above;
- “*relevant tax relief*” means any of the following—any deduction in computing profits or gains for the purposes of corporation tax;any deduction against total profits;the bringing into account of any debit for the purposes of Chapter 2 of Part 4 of the Finance Act 1996 (loan relationships);the surrender of an amount by way of group relief;
- “*tax advantage*” has the meaning given by section 840ZA;
- “*tax avoidance purpose*” means any purpose that consists in securing a tax advantage (whether for the company in question or any other person);
- and sub-paragraphs (3) to (7) above have effect for the purposes of this paragraph.
### Dividend manufacturing regulations: general
##### 8
- (1) Dividend manufacturing regulations may make provision for—
- (a) such manufactured dividends . . . or manufactured overseas dividends as may be prescribed,
- (aa) such persons who receive, or become entitled to receive, manufactured dividends . . . or manufactured overseas dividends as may be prescribed, or
- (b) such dividend manufacturers . . . or overseas dividend manufacturers as may be prescribed,
to be treated in prescribed circumstances otherwise than as mentioned in paragraphs 2 and 4 above for the purposes of such provisions of the Corporation Tax Acts as may be prescribed.
- (1A) Dividend manufacturing regulations may provide, in relation to prescribed cases where a person makes or receives the payment of any amount representative of an overseas dividend, or is treated for any purposes of this Schedule or such regulations as a person making or receiving such a payment—
- (a) for any entitlement of that person to claim relief under Part XVIII to be extinguished or reduced to such extent as may be found under the regulations; and
- (b) for the adjustment, by reference to any provision having effect under the law of a territory outside the United Kingdom, of any amount falling to be taken, for any prescribed purposes of the Corporation Tax Acts . . . , to be the amount paid or payable by or to any person in respect of any sale, repurchase or other transfer of the overseas securities to which the payment relates.
- (2) Dividend manufacturing regulations may make provision with respect to—
- (a) the accounts and other records which are to be kept,
- (b) the vouchers which are to be issued or produced,
- (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
by persons by . . . whom manufactured dividends . . . are paid.
- (2A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) Dividend manufacturing regulations may—
- (a) make provision for prescribed provisions of the Management Act to apply for corporation tax purposes in relation to manufactured dividends, manufactured interest or manufactured overseas dividends with such modifications, specified in the regulations, as the Treasury think fit;
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) Dividend manufacturing regulations may make different provision for different cases.
##### 4A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 11A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Exchange gains and losses
##### 13
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 14
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 15
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 16
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 17
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 18
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 19
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Transfer pricing
##### 20
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 2A
- (1) Paragraph 2 above shall have effect in accordance with this paragraph to determine whether a controlled foreign company . . . pursues an acceptable distribution policy in respect of a particular accounting period (“*the relevant accounting period*”).
- (2) Subject to sub-paragraph (4) below, where the distribution condition is satisfied in relation to the relevant accounting period, then, in addition to any dividend which falls within paragraph 2(1)(a) above apart from this paragraph—
- (a) any dividend which is paid for the accounting period (“*the preceding period*”) immediately preceding the relevant accounting period and which is not an excluded dividend shall be treated as falling within that paragraph, and
- (b) if the distribution condition is satisfied in relation to the preceding period, any dividend which is paid for the accounting period immediately preceding the preceding period and which is not an excluded dividend shall be treated as falling within that paragraph,
and so on; and in this sub-paragraph “*dividend*” means a dividend not paid out of specified profits.
- (3) For the purposes of this paragraph, the distribution condition is satisfied in relation to any accounting period if—
- (a) a dividend or dividends are paid for the period to persons resident in the United Kingdom,
- (b) the amount or, as the case may be, aggregate amount of any dividends falling within paragraph (a) above is not less than—
- (i) the relevant profits for that period, or
- (ii) where paragraph 2(4) or (5) above applies (with the modifications of paragraph 2 made by sub-paragraph (5) below), the appropriate portion of those profits, and
- (c) any dividends falling within that paragraph are paid not later than the time by which any dividend paid for the relevant accounting period is required by paragraph 2(1)(b) above to be paid;
or if there are no relevant profits for the period.
- (4) Where, by reason only of the fact that a company pursued an acceptable distribution policy in respect of any accounting period (“*the earlier period*”) earlier than the relevant accounting period, no apportionment under section 747(3) fell to be made in respect of the earlier period, sub-paragraph (2) above shall apply to any dividend required to be taken into account for the purpose of showing that the company pursued an acceptable distribution policy in respect of the earlier period only to the extent (if any) to which that dividend was not required to be taken into account for that purpose.
- (5) The modifications of paragraph 2 above referred to in sub-paragraph (3)(b) above are that—
- (a) the references in sub-paragraphs (4) and (5) to the accounting period in question are to be read as references to the accounting period for which the dividend or dividends are paid,
- (b) the references in those sub-paragraphs to sub-paragraph (1)(d) are to be read as references to sub-paragraph (3)(b) above, and
- (c) the reference in the definition of “X” in sub-paragraph (6) to net chargeable profits is to be read as a reference to relevant profits.
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) For the purposes of this paragraph—
- (aa) a dividend is an excluded dividend if it is paid, in whole or in part, out of the total profits from which (in accordance with section 747(6)(a)) the chargeable profits for an excluded period are derived,
- (a) a period is an excluded period if it is an accounting period in respect of which an apportionment under section 747(3) falls to be made, and
- (b) relevant profits for any accounting period are the profits which would be the relevant profits of that period for the purposes of section 799 if a dividend were actually paid for that period.
##### 2B
- (1) This paragraph has effect for the purposes of paragraph 2(1A)(b) above.
- (2) No payment of dividend by a controlled foreign company for an accounting period shall be regarded as involved in a UK tax avoidance scheme by reason only that there is no charge to tax under section 747(4)(a) if the controlled foreign company pursues an acceptable distribution policy for that accounting period.
- (3) “*UK tax avoidance scheme*” means a scheme or arrangement the purpose, or one of the main purposes, of which is to achieve a reduction in United Kingdom tax.
- (4) A scheme or arrangement achieves a reduction in United Kingdom tax if, apart from the scheme or arrangement, any company—
- (a) would have been liable for any such tax or for a greater amount of any such tax; or
- (b) would not have been entitled to a relief from or repayment of any such tax or would have been entitled to a smaller relief from or repayment of any such tax.
- (5) In this paragraph—
- “*arrangement*” means an arrangement of any kind, whether in writing or not;
- “*United Kingdom tax*” means corporation tax or any tax chargeable as if it were corporation tax.
##### 4A
- (1) This paragraph has effect for the purposes of paragraph 4(1A)(b) above.
- (2) No payment to a company resident in the United Kingdom which represents the whole or part of a dividend paid by a controlled foreign company for an accounting period shall be regarded as involved in a UK tax avoidance scheme by reason only that—
- (a) there is no charge to tax under section 747(4)(a) if the controlled foreign company pursues an acceptable distribution policy for that accounting period, and
- (b) so much of the dividend as is represented by that payment will (if paragraph 4(1) above has effect) fall to be brought into account in determining whether the controlled foreign company has done so.
- (3) “*UK tax avoidance scheme*” means a scheme or arrangement the purpose, or one of the main purposes, of which is to achieve a reduction in United Kingdom tax.
- (4) A scheme or arrangement achieves a reduction in United Kingdom tax if, apart from the scheme or arrangement, any company—
- (a) would have been liable for any such tax or for a greater amount of any such tax; or
- (b) would not have been entitled to a relief from or repayment of any such tax or would have been entitled to a smaller relief from or repayment of any such tax.
- (5) In this paragraph—
- “*arrangement*” means an arrangement of any kind, whether in writing or not;
- “*United Kingdom tax*” means corporation tax or any tax chargeable as if it were corporation tax.
##### 11A
- (1) This paragraph has effect for the interpretation of paragraph 6(2B) above.
- (2) “*Contract of long-term insurance*” means any contract falling within Part II of Schedule 1 to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001.
- (3) “*Protection business*” means contracts of long-term insurance where—
- (a) either—
- (i) the contract has no surrender value; or
- (ii) the consideration consists of a single premium and the surrender value does not exceed the amount of that premium; and
- (b) the contract makes no provision for its conversion or extension in a manner which would result in its ceasing to fall within paragraph (a) above;
and references to protection business include a reference to reinsurance of protection business.
- (4) “*Insurance group*” shall be construed in accordance with section 255A(5) of the Companies Act 1985 (meaning of “insurance group” in Part 7) but reading Part 7 of that Act—
- (a) as if it extended to Northern Ireland, and
- (b) as if any reference to a company (within the meaning of that Act) included a reference to a company as defined in Article 3 of the Companies (Northern Ireland) Order 1986,
but does not include such an insurance group if it falls within sub-paragraph (5) below.
- (5) Such an insurance group falls within this sub-paragraph if (within the meaning of that Part as so read) the parent company is a subsidiary undertaking of a parent company which is neither—
- (a) the parent company of an insurance group; nor
- (b) a subsidiary undertaking of the parent company of an insurance group.
- (6) A controlled foreign company is, in accordance with sub-paragraphs (4) and (5) above, a “*member of an insurance group*” if (within the meaning of that Part as so read) it is the parent company, or a subsidiary undertaking of the parent company, of an insurance group which is by virtue of sub-paragraph (4) above an insurance group for the purposes of paragraph 6(2B) above.
- (7) A company’s main business is “*insuring or reinsuring large risks*” if (and only if)—
- (a) the company’s main business is the effecting or carrying out of contracts of insurance; and
- (b) 50% or more of its gross trading receipts from that business are derived from insuring or reinsuring large risks.
- “*Large risks*” is defined in paragraph 11B below.
- (8) In this paragraph—
- “*contract of insurance*” has the meaning given by article 3(1) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001;
- “*contract of long-term insurance*” has the meaning given by sub-paragraph (2) above.
##### 11B
- (1) In paragraph 11A above “*large risks*” means—
- (a) risks falling within classes 4, 5, 6, 7, 11 and 12 of Part I of Schedule 1 to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001;
- (b) risks falling within classes 14 and 15 of that Part which relate to a business carried on by the policy holder;
- (c) risks falling within classes 3, 8, 9, 10, 13 and 16 of that Part where the policy holder carries on a business in respect of which the condition specified in sub-paragraph (2) below is satisfied.
- (2) The condition referred to in sub-paragraph (1)(c) above is that, in the case of that business of the policy holder, at least two of the three following criteria were exceeded in the most recent financial year beginning on or after 1st January 1999 for which the information is available—
- (a) balance sheet total: 6.2 million euros;
- (b) net turnover: 12.8 million euros;
- (c) number of employees: 250.
- (3) For the purposes of sub-paragraph (2) above as it applies where the policy holder is a company, within the meaning of section 735(1) of the Companies Act 1985 or Article 3 of the Companies (Northern Ireland) Order 1986,—
- (a) “*balance sheet total*” has the meaning given by section 247(5) of that Act or Article 255(5) of that Order;
- (b) “*net turnover*” has the meaning given to “*turnover*” by section 262(1) of that Act or Article 270(1) of that Order; and
- (c) “*number of employees*” has the meaning given by section 247(6) of that Act or Article 255(6) of that Order;
and for a financial year which is a company’s financial year but not in fact a year, the net turnover of the company shall be proportionately reduced.
- (4) Where the policy holder is a member of a group for which consolidated accounts (within the meaning of Directive [83/349/EEC](https://www.legislation.gov.uk/european/directive/1983/0349)) are drawn up, the question whether the condition in sub-paragraph (2) above is met shall be determined by reference to those accounts.
- (5) For the purposes of sub-paragraph (1)(c) above as it applies where the policy holder is a professional association, joint venture or temporary grouping, the question whether the condition in sub-paragraph (2) above is met shall be determined by reference to the aggregate of the figures of the description in question for all the members of the professional association, joint venture or temporary grouping.
- (6) In sub-paragraphs (1) to (5) above “*business*” includes a trade or profession and, for the purposes of sub-paragraph (1)(c) above, any activity of a professional association, joint venture or temporary grouping.
- (7) For the purposes of this paragraph, where an amount is denominated in any accounts in a currency other than the euro, it shall be converted into its equivalent in euros using the London closing exchange rate for that currency and the euro for the last day of the period to which the accounts relate.
- (8) In this paragraph—
- “*euro*” means the single currency adopted or proposed to be adopted as its currency by a member State in accordance with the Treaty establishing the European Community;
- “*financial year*”, in relation to any person, means the period (not exceeding 12 months) for which that person makes up accounts.
##### 12A
- (1) In paragraphs 6, 8(3) and 12(5) above and this paragraph, “*superior holding company*” means—
- (a) a company whose business consists wholly or mainly in the holding of shares or securities of companies which—
- (i) are holding companies or local holding companies; or
- (ii) are themselves superior holding companies; or
- (b) a company which would fall within paragraph (a) above if there were disregarded so much of its business as consists in the holding of property or rights of any description for use wholly or mainly by companies which it controls and which are resident in the territory in which it is resident.
- (2) For the purposes of sub-paragraphs (4A) and (4B) of paragraph 6 above, the income of a company during any period which “*represents qualifying exempt activity income of its subsidiaries*” is any income of the company during that period which is directly or indirectly derived from companies—
- (a) which it controls, and
- (b) which, throughout that period, fall within sub-paragraph (4B)(a) of that paragraph, but
- (c) which are not holding companies other than local holding companies.
- (3) In determining for the purposes of sub-paragraph (4A) or (4B) of paragraph 6 above the companies from which, and the proportions in which, different descriptions of income of a company are derived (whether directly or indirectly), any dividend shall be taken to be paid out of the appropriate profits.
- (4) Subsections (3) and (4) of section 799 (which provide rules for determining the profits out of which a dividend is to be regarded as paid for the purpose of subsection (1) of that section) shall apply for determining the appropriate profits for the purposes of subsection (3) above as they apply for determining the relevant profits for the purposes of subsection (1) of that section.
- (5) Sub-paragraphs (4) to (6) of paragraph 12 above shall apply in relation to sub-paragraph (4A) or (4B) of paragraph 6 above and a superior holding company as they apply in relation to sub-paragraph (3) or (4) of paragraph 6 above and a holding company, but taking the reference in sub-paragraph (4) of paragraph 12 above to paragraph (a) or (b) of sub-paragraph (1) of that paragraph as a reference to paragraph (a) or (b) of sub-paragraph (1) above.
## Part 2A — Trading Companies with Limited UK Connection
### Introductory
##### 12B
- (1) For the purposes of section 748(1)(ba), a controlled foreign company (“C”) is exempt for an accounting period if the requirements of this Part of this Schedule are satisfied.
- (2) The requirements are those imposed as to C's—
- (a) business establishment (see paragraph 12C),
- (b) business activities (see paragraph 12D),
- (c) UK connection (see paragraph 12E), and
- (d) finance income and relevant IP income (see paragraph 12F).
### Business establishment
##### 12C
- (1) The requirement of this paragraph is that throughout the accounting period C has a business establishment in the territory in which it is resident.
- (2) For the purposes of sub-paragraph (1)—
- (a) paragraph 5(2) to (5) (special rules about residence of the company) applies as it applies for the purposes of Part 2 of this Schedule, and
- (b) paragraph 7 (meaning of “business establishment”) applies as it applies for the purposes of paragraph 6(1)(a).
### Business activities
##### 12D
- (1) The requirement of this paragraph is that—
- (a) C's business does not, at any time during the accounting period, include to a substantial extent non-exempt activities, or
- (b) if C is wholly engaged in business falling within paragraph 11(1)(c) (banking etc), C's business does not, at any time during the accounting period, include to a substantial extent non-exempt activities which do not constitute investment business.
- (2) For this purpose—
- “*non-exempt activities*” means—the holding or managing of shares or securities,the holding of intellectual property,dealing in securities, other than in the capacity of a broker,the leasing of any description of property or rights,the investment in any manner of funds which would otherwise be available, directly or indirectly, for investment by or on behalf of any person (whether resident in the United Kingdom or not) who has, or is connected or associated with a person who has, control, either alone or together with other persons, of C, andif C is not a member of an insurance group throughout the accounting period, the effecting or carrying out of contracts of insurance between C and persons related to C;
- “*investment business*” means activities within paragraphs (a) to (d) of paragraph 9(1).
- (3) For the purposes of sub-paragraph (2)(f), a person is “related” to C if—
- (a) the person is connected or associated with C,
- (b) the person has a 25 per cent assessable interest in C in the case of the accounting period in question (within the meaning of paragraph 6(4C)), or
- (c) if C is a controlled foreign company in that accounting period by virtue of subsection (1A) of section 747, the person is connected or associated with either or both of the two persons mentioned in that subsection.
- (4) In sub-paragraph (2)—
- “*broker*” includes any person offering to sell securities to, or purchase securities from, members of the public generally;
- “*contract of insurance*” has the meaning given by Article 3(1) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001;
- “*insurance group*” has the meaning given by paragraph 11A(4);
- “*intellectual property*” is to be construed in accordance with paragraph 9(1A);
- “*member of an insurance group*” has the meaning given by paragraph 11A(6).
### UK connection
##### 12E
- (1) The requirement of this paragraph is that C does not have a significant connection with the United Kingdom during the accounting period.
- (2) C has a significant connection with the United Kingdom during the accounting period if Condition A or B is met.
- (3) Condition A is that—
- (a) the UK-connected gross income of C's business for that period exceeds 10% of the gross income of that business for that period, and
- (b) sub-paragraph (4) does not apply.
- (4) This sub-paragraph applies if—
- (a) at all times in the accounting period there are sufficient individuals working for C in the territory in which it is resident, or in any other territory outside of the United Kingdom, who have the competence and authority to undertake all, or substantially all, of C's business,
- (b) C's relevant profits for the accounting period do not exceed 10% of C's relevant operating expenses for that period, and
- (c) the UK-connected gross income of C's business for that period does not exceed 50% of the gross income of that business for that period.
- (5) Condition B is that—
- (a) the UK-connected related-party business expenditure of C's business for that period exceeds 50% of the total related-party business expenditure of C's business for that period, and
- (b) during the accounting period C has been involved in a scheme where the main purpose, or one of the main purposes, of any party to the scheme in entering into the scheme is to achieve a reduction in corporation tax or any tax chargeable as if it were corporation tax.
- (6) For the purposes of sub-paragraph (4)(a), individuals are not to be regarded as working for C in any territory unless—
- (a) they are employed by C in the territory, or
- (b) they are otherwise directed by C to perform duties on its behalf in the territory.
- (7) In this paragraph—
- “*related-party business expenditure*” means any expenditure, other than capital expenditure, which gives rise, directly or indirectly, to income of a person related to C;
- “relevant profits”, for an accounting period, means the total profits of C for that period calculated in accordance with generally accepted accounting practice (disregarding any capital gains or losses), but before any deduction for interest or tax;
- “relevant operating expenses” of C means operating expenses of C other than—the cost of goods sold, andrelated-party business expenditure;
- “*scheme*” means any scheme, arrangements or understanding of any kind whatever, whether or not legally enforceable, involving one or more transactions;
- “*UK-connected gross income*” means the gross income derived, directly or indirectly, from persons who are within the charge to United Kingdom tax for all or part of the accounting period;
- “*UK-connected related-party business expenditure*” means related-party business expenditure which gives rise, directly or indirectly, to income of a person within the charge to United Kingdom tax in respect of that income;
- “*United Kingdom tax*” means income tax or corporation tax;
and paragraph 12D(3) (persons “related” to C) applies for the purposes of this paragraph as it applies for the purposes of paragraph 12D(2)(f).
- (8) In the case of a company which is within the charge to United Kingdom tax only because it carries on a trade in the United Kingdom through a permanent establishment there, for the purposes of sub-paragraph (7)—
- (a) the gross income derived from that company is so much of the gross income as is attributable to that establishment, and
- (b) the income received by that company is such of its income as is attributable to that establishment.
### Finance income and relevant IP income
##### 12F
- (1) The requirement of this paragraph is that not more than 5% of C's gross income for the accounting period falls within sub-paragraph (2).
- (2) Gross income falls within this sub-paragraph to the extent that it is—
- (a) finance income, or
- (b) relevant IP income.
- (3) “*Finance income*” means—
- (a) any amount which in accordance with UK generally accepted accounting practice falls to be recognised as arising from a financial asset, and
- (b) any return, in relation to an amount, which—
- (i) is produced for C by an arrangement to which C is party, and
- (ii) is economically equivalent to interest,
except to the extent that the return is taken into account in determining an amount within paragraph (a).
- (4) “*Relevant IP income*” means royalties and receipts of a similar nature arising from intellectual property.
- (5) For the purposes of sub-paragraph (3)(b), the amount of a return is the amount which by virtue of the return would, in calculating C's chargeable profits, be treated under section 486B of CTA 2009 (disguised interest to be regarded as profit from loan relationship) as a profit arising to C from a loan relationship.
- (6) But, in calculating that profit for the purposes of sub-paragraph (5), sections 486B(7) and 486C to 486E of CTA 2009 are to be ignored.
- (7) In this paragraph—
- “*economically equivalent to interest*” is to be construed in accordance with section 486B(2) and (3) of CTA 2009;
- “*financial asset*” means a financial asset as defined for the purposes of UK generally accepted accounting practice or international accounting standards;
- “*intellectual property*” is to be construed in accordance with paragraph 9(1A).
### Gross income
##### 12G
- (1) References in this Part of this Schedule to C's gross income are to be construed in accordance with this paragraph.
- (2) C's gross income for an accounting period does not include—
- (a) any distribution that would not be included in C's chargeable profits by reason of it being exempt for the purposes of Part 9A of CTA 2009 (see section 931A of that Act), or
- (b) any amount that would be taken into account in computing chargeable gains if C were within the charge to corporation tax.
- (3) C's gross income for an accounting period includes—
- (a) any income which accrues during that period to the trustees of a settlement in relation to which C is a settlor or a beneficiary, and
- (b) any income which accrues during that period to a partnership of which C is a partner, apportioned between C and the other partners on a just and reasonable basis.
- (4) Where there is more than one settlor or beneficiary in relation to the settlement mentioned in sub-paragraph (3)(a), the income is to be apportioned between C and the other settlors or beneficiaries on a just and reasonable basis.
- (5) In this paragraph—
- “*distribution*” has the same meaning as in the Corporation Tax Acts (see Part 23 of CTA 2010);
- “*partnership*” includes an entity established under the law of a country or territory outside the United Kingdom of a similar character to a partnership; and “partner” is to be read accordingly.
## Part 2B — Companies Exploiting Intellectual Property with Limited UK Connection
### Introductory
##### 12H
- (1) For the purposes of section 748(1)(bb), a company (“C”) is exempt for an accounting period if the requirements of this Part of this Schedule are satisfied.
- (2) The requirements are those imposed as to C's—
- (a) business establishment (see paragraph 12I),
- (b) intellectual property business (see paragraph 12J),
- (c) other business activities (see paragraph 12K),
- (d) UK connection (see paragraph 12L), and
- (e) finance income (see paragraph 12M).
### Business establishment
##### 12I
- (1) The requirement of this paragraph is that throughout the accounting period C has a business establishment in the territory in which it is resident.
- (2) For the purposes of sub-paragraph (1)—
- (a) paragraph 5(2) to (5) (special rules about residence of the company) applies as it applies for the purposes of Part 2 of this Schedule, and
- (b) paragraph 7 (meaning of “business establishment”) applies as it applies for the purposes of paragraph 6(1)(a).
### Intellectual property business
##### 12J
- (1) The requirement of this paragraph is that C's main business, throughout the accounting period, consists of the exploitation of intellectual property which does not have a relevant UK connection.
- (2) For the purposes of sub-paragraph (1), if any part of C's main business consists of the exploitation of intellectual property which has a relevant UK connection, that part is to be ignored if it is an insignificant part of C's main business.
- (3) Intellectual property has a relevant UK connection if—
- (a) at any time during the accounting period or the 6 years immediately preceding that period, it has been held by a person resident in the United Kingdom, or
- (b) activities relating to the creation, maintenance or enhancement of the intellectual property (other than activities of an incidental or insignificant nature) have been carried on by a person who for some or all of the period—
- (i) beginning when the activities were first carried on by the person, and
- (ii) ending at the end of the accounting period,
was related to C and within the charge to United Kingdom tax.
### Other business activities
##### 12K
- (1) The requirement of this paragraph is that—
- (a) C does not, at any time during the accounting period, carry on any activities otherwise than in the course of its main business, or
- (b) if it carries on any such activities (“secondary activities”), the secondary activities condition is met.
- (2) The secondary activities condition is that either—
- (a) the secondary activities do not, at any time during the accounting period, constitute a substantial part of the activities of C's business taken as a whole, or
- (b) section 748(1)(b) or (ba) would apply to prevent an apportionment under section 747(3) falling to be made as regards that period, if C's business consisted only of the secondary activities carried on by it during the accounting period.
### UK connection
##### 12L
- (1) The requirement of this paragraph is that C does not have a significant connection with the United Kingdom during the accounting period.
- (2) C has a significant connection with the United Kingdom during the accounting period if—
- (a) all or a substantial proportion of C's gross income for that period consists of income from the exploitation of intellectual property which derives from persons within the charge to United Kingdom tax, or
- (b) during that period C incurs expenditure (other than expenditure of an incidental or insignificant nature) on—
- (i) R&D sub-contractor payments, or
- (ii) the creation, development or maintenance of relevant intellectual property,
and that expenditure forms part of the income of a person who for some or all of that period is related to C and within the charge to United Kingdom tax.
- (3) In this paragraph—
- “*R&D sub-contractor payment*” means a payment made by C to another person in respect of research and development contracted out by C to that person;
- “*relevant intellectual property*” means intellectual property which does not have a relevant UK connection (see paragraph 12J(3)) and which C exploits in the course of its main business.
### Finance income
##### 12M
The requirement of this paragraph is that not more than 5% of C's gross income for the accounting period consists of finance income (within the meaning of paragraph 12F(3)).
### Interpretation of Part 2B
##### 12N
- (1) For the purpose of this Part of this Schedule—
- “*intellectual property*” is to be construed in accordance with paragraph 9(1A);
- “*United Kingdom tax*” means corporation tax or income tax;
and paragraph 12G (meaning of “gross income”) applies as it applies for the purposes of Part 2A of this Schedule.
- (2) For the purposes of this Part of this Schedule a person is “related” to C at a particular time if at that time—
- (a) the person is connected or associated with C,
- (b) the person has a 25 per cent assessable interest in C in the case of the accounting period of C in which that time falls (within the meaning of paragraph 6(4C)), or
- (c) if C is a controlled foreign company in the accounting period in which that time falls by virtue of subsection (1A) of section 747, the person is connected or associated with either or both of the two persons mentioned in that subsection.
- (3) In the case of a company which is within the charge to United Kingdom tax only because it carries on a trade in the United Kingdom through a permanent establishment there—
- (a) for the purposes of paragraph 12J(3)(b), the activities carried on by the company are such of the activities as are carried on through that establishment,
- (b) for the purposes of paragraph 12L(2)(a), the income derived from that company is such of the income so derived as is attributable to that establishment, and
- (c) for the purposes of paragraph 12L(2)(b), the income of that company is such of its income as is attributable to that establishment.
## Part 3A — Exempt Periods
### Introductory
##### 15A
The provisions of this Part of this Schedule have effect for the purposes of section 748(1)(f).
### Beginning of exempt period
##### 15B
- (1) An exempt period begins in relation to a company (“X”) at a time (“*the relevant time*”) when—
- (a) X is resident outside the United Kingdom,
- (b) X is controlled by persons resident in the United Kingdom,
- (c) there is at least one relevant UK corporate investor in X, and
- (d) the requirements of paragraph 15C or 15D are met.
- (2) There is a “relevant UK corporate investor in X” at a particular time if, at that time, there is a company which—
- (a) is resident in the United Kingdom, and
- (b) would, on the assumptions set out in sub-paragraph (3), be a company to which an apportionment of X's chargeable profits for the relevant accounting period would fall to be made in circumstances where section 747(5) would not prevent tax being chargeable on the company under section 747(4).
- (3) The assumptions are—
- (a) X has chargeable profits for the relevant accounting period,
- (b) an apportionment of those profits falls to be made under section 747(3) for that period, and
- (c) no reduction of those profits arises under section 751A, 751AA or 751AB.
- (4) “*The relevant accounting period*” means the accounting period of X in which the time mentioned in sub-paragraph (2) falls.
##### 15C
- (1) The requirements of this paragraph are that—
- (a) no company was, at any time before the relevant time, a relevant UK corporate investor in X,
- (b) no asset owned by X, or part of the business carried on by X, at the relevant time was previously owned, or carried on, by a company which—
- (i) was under the control of persons resident in the United Kingdom at any time it owned the asset or carried on the part of the business, and
- (ii) is or has been related to X,
- (c) condition A, B, C or D is met, and
- (d) no disqualifying relevant transaction occurs (see paragraph 15E).
- (2) Condition A is that, immediately before the relevant time, X—
- (a) was in existence, but
- (b) was not a member of the same group of companies as any person who, at the relevant time, was a controlling UK person.
- (3) Condition B is that—
- (a) at the relevant time X is controlled by a company which is resident in the United Kingdom, and
- (b) immediately before that time, X was controlled by that same company but that company was not then resident in the United Kingdom.
- (4) Condition C is that—
- (a) at the relevant time—
- (i) X is controlled by a company which is resident in the United Kingdom (“the intermediate parent”), and
- (ii) the intermediate parent is controlled by a company which is not resident in the United Kingdom (“the parent”), and
- (b) immediately before that time X was controlled by the parent but not the intermediate parent.
- (5) Condition D is that X—
- (a) is a controlled foreign company at the time it is formed, and
- (b) is formed by one or more persons for the purpose of controlling one or more companies in circumstances where it is expected that an exempt period will begin in relation to one or more of those companies at the time when X begins to control the company or companies.
- (6) In this paragraph “*controlling UK person*” means a person resident in the United Kingdom who alone, or together with other such persons, controls X.
##### 15D
- (1) The requirements of this paragraph are that—
- (a) the relevant time falls after 23 March 2011,
- (b) X has an accounting period during which 23 March 2011 falls,
- (c) no company was, at any time during that accounting period, a relevant UK corporate investor in X,
- (d) no company was, immediately before the relevant time, a relevant UK corporate investor in X,
- (e) at the relevant time X is controlled by a company which—
- (i) is resident in the United Kingdom, and
- (ii) is not under the control of another body corporate, or two or more other bodies corporate taken together, and
- (f) no disqualifying relevant transaction occurs (see paragraph 15E).
- (2) In determining for the purposes of sub-paragraph (1)(e)(ii) whether a company is under the control of two or more bodies corporate taken together, a body corporate which holds less than 10% of the issued ordinary shares of that company is to be disregarded.
- (3) For the purposes of sub-paragraph (2), a body corporate is treated as holding any shares held by persons who are connected or associated with the body corporate.
### Disqualifying relevant transactions
##### 15E
- (1) This paragraph applies for the purposes of paragraph 15C and 15D.
- (2) A disqualifying relevant transaction occurs if—
- (a) a relevant transaction occurs at the relevant time (whether or not the transaction occurs pursuant to an agreement entered into by X before that time), or
- (b) a relevant transaction occurs on or after 9 December 2010 but before the relevant time and that transaction forms part of an avoidance scheme.
- (3) “*Relevant transaction*” means—
- (a) the making by X of a loan or advance of an amount (other than a negligible amount) to a person who, at the time it is made, is related to X and subject to United Kingdom tax,
- (b) an increase (other than an increase of a negligible amount) in the amount of an existing loan or advance made by X to a person who, at the time of the increase, is related to X and subject to United Kingdom tax,
- (c) a change in the terms or conditions of an existing loan or advance made by X where—
- (i) the loan or advance is to a person who, at the time the change is made, is related to X and subject to United Kingdom tax, and
- (ii) the change has an effect (other than a negligible effect) on the amount of interest payable, or
- (d) a transaction to which sub-paragraph (4) applies.
- (4) This sub-paragraph applies to a transaction if—
- (a) it is referable to an activity carried on by X as part, or the whole, of any non-exempt activities carried on by X,
- (b) the results of the transaction are reflected in the profits arising in an accounting period of X and are not negligible in value, and
- (c) the results of the transaction alone, or together with the results of one or more other transactions, achieves a reduction in United Kingdom tax.
- (5) A transaction achieves, or two or more transactions together achieve, a reduction in United Kingdom tax if, had the transaction or transactions not been effected, any person—
- (a) would have been liable for any such tax or for a greater amount of any such tax, or
- (b) would not have been entitled to a relief from or repayment of any such tax or would have been entitled to a smaller relief from or repayment of any such tax.
- (6) In this paragraph—
- “*avoidance scheme*” means a scheme the main purpose, or one of the main purposes, of any party to which in entering into the scheme is to secure that section 748(1)(f) prevents an apportionment falling to be made under section 747(3) as regards an accounting period, or accounting periods, of X;
- “*non-exempt activities*” has the meaning given by paragraph 12D(2);
- “*scheme*” means any scheme, arrangements or understanding of any kind whatever, whether or not legally enforceable, involving one or more transactions;
- “*United Kingdom tax*” means corporation tax (or any tax chargeable as if it were corporation tax) or income tax.
### Ending of exempt period
##### 15F
- (1) An exempt period ends on the expiry of the period of 24 months which begins immediately after the first accounting period of X to end after the relevant time, unless sub-paragraph (2) applies.
- (2) If an early termination event occurs after the relevant time but before the time the exempt period would end under sub-paragraph (1), the exempt period ends immediately before that event.
- (3) An early termination event occurs if and when—
- (a) a relevant transaction occurs, whether or not the transaction occurs pursuant to an agreement entered into by X before that time, or
- (b) where the exempt period began because Condition D was met, X's business does not consist wholly in the holding of shares of companies which X controls, together with activities incidental to the holding of such shares.
### Interpretation of Part 3A
##### 15G
- (1) In this Part of this Schedule—
- “*group*” means a company and any other companies it controls;
- “*the relevant time*” has the meaning given by paragraph 15B;
- “*relevant transaction*” has the meaning given by paragraph 15E;
- “*relevant UK corporate investor in X*” has the meaning given by paragraph 15B(2);
- “*X*” is to be construed in accordance with paragraph 15B.
- (2) For the purposes of this Part of this Schedule a person is “related” to X at a particular time if—
- (a) the person is connected or associated with X at that time,
- (b) the person has a 25 per cent assessable interest in X in the case of the accounting period in which that time falls (within the meaning of paragraph 6(4C)), or
- (c) if X is a controlled foreign company in the accounting period in which that time falls by virtue of subsection (1A) of section 747, the person is connected or associated with either or both of the two persons mentioned in that subsection.
### Application of this Schedule in relation to umbrella funds and funds comprising more than one class of interest
##### 21
- (1) The Treasury may make provision by regulations as to the application of the provisions of this Schedule in relation to—
- (a) a part of an umbrella fund which is treated as an offshore fund under section 756B, or
- (b) a class of interest in an offshore fund which is treated as an offshore fund under section 756C.
- (2) Regulations under this paragraph may—
- (a) make different provision for different cases, and
- (b) include such supplementary, incidental, consequential or transitional provisions (including provisions modifying the effect of other enactments) as appear to the Treasury to be necessary or expedient.
## Part 3 — Supplementary
### Application of this Schedule in relation to umbrella funds and funds comprising more than one class of interest
##### 9
- (1) The Treasury may make provision by regulations as to the application of the provisions of this Schedule in relation to—
- (a) a part of an umbrella fund which is treated as an offshore fund under section 756B, or
- (b) a class of interest in an offshore fund which is treated as an offshore fund under section 756C.
- (2) Regulations under this paragraph may—
- (a) make different provision for different cases, and
- (b) include such supplementary, incidental, consequential or transitional provisions (including provisions modifying the effect of other enactments) as appear to the Treasury to be necessary or expedient.
## Schedule 28A
## Part I — Significant increase in company capital
### General
##### 1
The provisions referred to in section 768B(2) for determining whether there is a significant increase in the amount of a company’s capital after a change in the ownership of the company are as follows.
### The basic rule
##### 2
There is a significant increase in the amount of a company’s capital if amount B—
- (a) exceeds amount A by at least £1 million; or
- (b) is at least twice amount A.
### Amount A
##### 3
- (1) Amount A is the lower of—
- (a) the amount of the company’s capital immediately before the change in the ownership; and
- (b) the highest 60 day minimum amount for the pre-change year, found in accordance with sub-paragraphs (2) to (6) below.
- (2) Find the daily amounts of the company’s capital over the pre-change year.
- (3) Take the highest of the daily amounts.
- (4) Find out whether there was in the pre-change year a period of 60 days or more in which there was no daily amount lower than the amount taken.
- (5) If there was, the amount taken is the highest 60 day minimum amount for the pre-change year.
- (6) If there was not, take the next highest of the daily amounts and repeat the process in sub-paragraph (4) above; and so on, until the highest 60 day minimum amount for the pre-change year is found.
- (7) In this Part of this Schedule “*the pre-change year*” means the period of one year ending immediately before the change in the ownership of the company in question.
### Amount B
##### 4
- (1) Amount B is the highest 60 day minimum amount for the post-change period (finding that amount for that period in the same way as the highest 60 day minimum amount for the pre-change year is found).
- (2) In this paragraph “*the post-change period*” means the period of three years beginning with the change in the ownership of the company in question.
### Capital and amounts of capital
##### 5
- (1) The capital of a company consists of the aggregate of—
- (a) the amount of the paid up share capital of the company;
- (b) the amount outstanding of any debts incurred by the company which are of a description mentioned in any of paragraphs (a) to (c) of section 417(7); and
- (c) the amount outstanding of any redeemable loan capital issued by the company.
- (2) For the purposes of sub-paragraph (1) above—
- (a) the amount of the paid up share capital includes any amount in the share premium account of the company (construing “share premium account” in the same way as in section 130 of the Companies Act 1985); and
- (b) the amount outstanding of any debts includes any interest due on the debts.
- (3) Amounts of capital shall be expressed in sterling and rounded up to the nearest pound.
## Part II — Amounts in issue for purposes of section 768B
##### 6
The amounts in issue referred to in section 768B(4)(c) are—
- (a) the amount of any expenses of management referable to the accounting period (within the meaning of section 75) being divided, except any such expenses as would (apart from section 768B) be deductible in computing profits otherwise than under section 75;
- (b) the amount of any charges which are paid in that accounting period wholly and exclusively for the purposes of the company’s business;
- (c) the amount of any excess carried forward under section 75(9) to the accounting period being divided;
- (d) the amount of any allowances falling to be made for that accounting period by virtue of section 253 of the Capital Allowances Act which would (apart from section 768B) be added to the expenses of management for that accounting period by virtue of section 75(7);
- (da) the amount (if any) of the adjusted Case III profits and gains or non-trading deficit of the company for that accounting period (other than one within sub-paragraph (dc) below) ;
- (db) the amount of any non-trading debit (other than one within sub-paragraph . . . (dd) below) that falls to be brought into account for that accounting period for the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships) in respect of any debtor relationship of the company;
- (dc) the amount of any non-trading deficit carried forward to that accounting period under section 83(3A) of the Finance Act 1996 (carried forward deficit not set off against profits);
- (dd) the amount of any non-trading debit given for that accounting period by paragraph 13 of Schedule 15 to the Finance Act 1996 (transitional adjustment for past interest) in respect of any debtor relationship of the company;
- (de) the amount of any non-trading credits or debits in respect of intangible fixed assets that fall to be brought into account for that period under paragraph 34 of Schedule 29 to the Finance Act 2002;
- (df) the amount of any non-trading loss on intangible fixed assets carried forward to that accounting period under paragraph 35(3) of that Schedule;
- (e) any other amounts by reference to which the profits or losses of that accounting period would (apart from section 768B) be calculated.
##### 6A
For the purposes of paragraph 6(da) above, the amount for any accounting period of the adjusted Case III profits and gains or non-trading deficit of a company is the amount which, as the case may be, would be—
- (a) the amount of the profits and gains chargeable under Case III of Schedule D as profits and gains arising from the company’s loan relationships, or
- (b) the amount of the company’s non-trading deficit on those relationships for that period,
if, in computing that amount, amounts for that period falling within paragraph 6(db) to (dd) above were disregarded.
## Part III — Apportionment for purposes of section 768B
##### 7
- (1) Subject to paragraph 8 below, the apportionment required by section 768B(4)(c) shall be made—
- (a) in the case of the sums mentioned in paragraph 6(a) above, by apportioning to each accounting period the amounts that would fall to be brought into account in that period as such sums, if it were a period of account for which accounts were drawn up in accordance with generally accepted accounting practice;
- (aa) in the case of the charges mentioned in paragraph 6(b) above, by reference to the time when the charge is due to be paid;
- (b) in the case of the excess mentioned in paragraph 6(c) above, or in the case of the non-trading deficit mentioned in paragraph 6(dc) above, by apportioning the whole amount of the excess or, as the case may be, of the deficit to the first part of the accounting period being divided;
- (c) in the case of the amounts mentioned in paragraph 6(d) , (da) and (e) above, by reference to the respective lengths of the parts of the accounting period being divided;
- (d) in the case of any such debit as—
- (i) is mentioned in paragraph 6(db) above,
- (ii) falls to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 in accordance with an amortised cost basis of accounting, . . .
- (iii) so falls to be brought into account otherwise than on the assumption, specified in paragraph 2(2) of Schedule 9 to that Act, that the interest to which it relates does not accrue until it is paid , and
- (iv) so falls to be brought into account without any adjustment under paragraph 17 or 18 of that Schedule (debit relating to amount of discount referable to the relevant accounting period to be brought into account instead for the accounting period in which the security is redeemed),
by reference to the time of accrual of the amount to which the debit relates;
- (e) in the case of any such debit as—
- (i) is mentioned in paragraph 6(db) above,
- (ii) falls to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 in accordance with an amortised cost basis of accounting, . . . and
- (iii) so falls to be brought into account—
- — on the assumption mentioned in paragraph (d)(iii) above, or
- — with such an adjustment as is mentioned in paragraph (d)(iv) above,
by apportioning the whole amount of the debit to the first part of the accounting period being divided;
- (f) in the case of any such debit as is mentioned in paragraph 6(dd) above, by apportioning the whole amount of the debit to the first part of the accounting period being divided.
- (g) in the case of any such credit or debit as is mentioned in paragraph 6(de), by apportioning to each accounting period the credits or debits that would fall to be brought into account in that period if it were a period of account for which accounts were drawn up in accordance with generally accepted accounting practice;
- (h) in the case of any such loss as is mentioned in paragraph 6(df) above, by apportioning the whole amount of the loss to the first part of the accounting period being divided.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 8
If it appears that any method of apportionment given by paragraph 7 above would work unreasonably or unjustly for any case for which it is given, such other method shall be used for that case as appears just and reasonable.
## Part IV — Excess overdue interest
### Introductory
##### 9
- (1) This paragraph has effect in a case to which section 768B applies for determining the debits to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships) for—
- (a) the accounting period beginning immediately after the change in the ownership of the company; and
- (b) any subsequent accounting period.
- (2) The debits so brought into account shall not include the debits falling within paragraph 11 below to the extent (if at all) that the aggregate of—
- (a) the amount of those debits, and
- (b) the amount of any debits falling within that paragraph which have been brought into account for the purposes of that Chapter for any previous accounting period ending after the change in the ownership,
exceeds the profits for the accounting period ending with the change in the ownership.
- (3) The reference in sub-paragraph (2) above to the profits is a reference to profits after making all deductions and giving all reliefs that for the purposes of corporation tax are made or given against the profits, including deductions and reliefs which under any provision are treated as reducing them for those purposes.
### The rules
##### 10
- (1) This paragraph has effect in a case to which section 768C applies for determining the debits to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships) for—
- (a) the accounting period beginning immediately after the change in the ownership of the relevant company; and
- (b) any subsequent accounting period.
- (2) The debits so brought into account for any such accounting period shall not include the debits falling within paragraph 11 below to the extent (if at all) that the amount of those debits exceeds the modified total profits for the accounting period.
- (3) The reference in sub-paragraph (2) above to the modified total profits for an accounting period is a reference to the total profits for that period—
- (a) reduced, if that period is the period in which the relevant gain accrues, by an amount equal to the amount of the total profits for that period which represents the relevant gain; and
- (b) after making all deductions and giving all reliefs that for the purposes of corporation tax are made or given against the profits, including deductions and reliefs which under any provision are treated as reducing them for those purposes, other than any reduction by virtue of paragraph 1(2) of Schedule 8 to the Finance Act 1996.
- (4) Where by virtue of sub-paragraph (2) above a debit is to any extent not brought into account for an accounting period, that debit may (to that extent) be brought into account for the next accounting period, but this is subject to the application of sub-paragraphs (1) to (3) above to that next accounting period.
##### 11
- (1) A debit falls within this paragraph if it is a non-trading debit which—
- (a) falls to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 in accordance with an amortised cost basis of accounting;
- (b) so falls to be brought into account—
- (i) with an adjustment under paragraph 17 or 18 of Schedule 9 to that Act (debit relating to amount of discount referable to the relevant accounting period to be brought into account instead for the accounting period in which the security is redeemed); or
- (ii) on the assumption, specified in sub-paragraph (2) of paragraph 2 of that Schedule, that the interest to which it relates does not accrue until it is paid; and
- (c) apart from paragraphs 2(2), 17 and 18 of that Schedule, would have fallen to be brought into account for those purposes for an accounting period ending before or with the change in the ownership of the company or, as the case may be, the relevant company.
- (2) The debits that fall within this paragraph also include—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) any non-trading debit given by paragraph 13 of Schedule 15 to the Finance Act 1996 (transitional adjustment for past interest) in respect of any debtor relationship of the company or, as the case may be, the relevant company.
- (3) The debits that fall within this paragraph also include any non-trading debit which—
- (a) is not such a debit as is mentioned in sub-paragraph (1) or (2) above;
- (b) is a debit in respect of a debtor relationship of the company or, as the case may be, the relevant company;
- (c) falls to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 in accordance with an amortised cost basis of accounting; and
- (d) relates to an amount that accrued before the change in the ownership of that company.
- (4) In this paragraph “*post-change accounting period*” means the accounting period beginning immediately after the change in the ownership of the company or, as the case may be, the relevant company.
##### 12
Expressions used both in this Part of this Schedule and in Chapter II of Part IV of the Finance Act 1996 have the same meanings in this Part of this Schedule as in that Chapter.
## Part IV — Disallowed debits
##### 9A
- (1) This paragraph has effect in any case to which section 768B applies where the non-trading deficit mentioned in paragraph 6(dc) above is apportioned by paragraph 7(b) above to the first part of the accounting period being divided.
- (2) In any such case, none of that non-trading deficit shall be carried forward to—
- (a) the accounting period beginning immediately after the change in the ownership of the company, or
- (b) any subsequent accounting period.
##### 10A
- (1) This paragraph has effect in any case to which section 768C applies where the non-trading deficit mentioned in paragraph 13(1)(ec) below is apportioned by paragraph 16(1)(b) below to the first part of the accounting period being divided.
- (2) In any such case, none of that non-trading deficit shall be carried forward to—
- (a) the accounting period beginning immediately after the change in the ownership of the company, or
- (b) any subsequent accounting period.
## Part V — Amounts in issue for purposes of section 768C
##### 13
- (1) The amounts in issue referred to in section 768C(3)(c) are—
- (a) the amount which would in accordance with the relevant provisions of the 1992 Act (and apart from section 768C) be included in respect of chargeable gains in the total profits for the accounting period being divided;
- (b) the amount of any expenses of management referable to the accounting period (within the meaning of section 75) being divided except any such expenses as would (apart from section 768C) be deductible in computing total profits otherwise than under section 75;
- (c) the amount of any charges which are paid in that accounting period wholly and exclusively for the purposes of the company’s business;
- (d) the amount of any excess carried forward under section 75(9) to the accounting period being divided;
- (e) the amount of any allowances falling to be made for that accounting period by virtue of section 253 of the Capital Allowances Act which would (apart from section 768C) be added to the expenses of management for that accounting period by virtue of section 75(7);
- (ea) the amount (if any) of the adjusted Case III profits and gains or non-trading deficit of the company for that accounting period (other than one within paragraph (ec) below);
- (eb) the amount of any non-trading debit (other than one within paragraph . . . (ed) below) that falls to be brought into account for that accounting period for the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships) in respect of any debtor relationship of the company;
- (ec) the amount of any non-trading deficit carried forward to that accounting period under section 83(3A) of the Finance Act 1996 (carried forward deficit not set off against profits);
- (ed) the amount of any non-trading debit given for that accounting period by paragraph 13 of Schedule 15 to the Finance Act 1996 (transitional adjustment for past interest) in respect of any debtor relationship of the company;
- (ee) the amount of any non-trading credits or debits in respect of intangible fixed assets that fall to be brought into account for that period under paragraph 34 of Schedule 29 to the Finance Act 2002;
- (ef) the amount of any non-trading loss on intangible fixed assets carried forward to that accounting period under paragraph 35(3) of that Schedule; and
- (f) any other amounts by reference to which the profits or losses of the accounting period being divided would (apart from section 768C) be calculated.
- (2) In sub-paragraph (1)(a) above “*the relevant provisions of the 1992 Act*” means section 8(1) of and Schedule 7A to that Act.
##### 13A
Paragraph 6A above shall apply for the purposes of paragraph 13(1)(ea) above as it applies for the purposes of paragraph 6(da) above.
## Part VI — Apportionment for purposes of section 768C
##### 14
The apportionment required by section 768C(3)(c) shall be made as follows.
##### 15
In the case of the amount mentioned in paragraph 13(1)(a) above—
- (a) if it does not exceed the amount of the relevant gain, the whole of it shall be apportioned to the second part of the accounting period being divided;
- (b) if it exceeds the amount of the relevant gain, the excess shall be apportioned to the first part of the accounting period being divided and the relevant gain shall be apportioned to the second part.
##### 16
- (1) Subject to paragraph 17 below, the apportionment shall be made—
- (a) in the case of the sums mentioned in paragraph 13(1)(b) above, by apportioning to each accounting period the amounts that would fall to be brought into account in that period as such sums, if it were a period of account for which accounts were drawn up in accordance with generally accepted accounting practice;
- (aa) in the case of the charges mentioned in paragraph 13(1)(c) above, by reference to the time when the charge is due to be paid;
- (b) in the case of the excess mentioned in paragraph 13(1)(d) above, or in the case of the non-trading deficit mentioned in paragraph 13(1)(ec) above, by apportioning the whole amount of the excess or, as the case may be, of the deficit to the first part of the accounting period being divided;
- (c) in the case of the amounts mentioned in paragraph 13(1)(e) , (ea) and (f) above, by reference to the respective lengths of the parts of the accounting period being divided;
- (d) in the case of any such debit as—
- (i) is mentioned in paragraph 13(1)(eb) above,
- (ii) falls to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 in accordance with an amortised cost basis of accounting, . . .
- (iii) so falls to be brought into account otherwise than on the assumption, specified in paragraph 2(2) of Schedule 9 to that Act, that the interest to which it relates does not accrue until it is paid , and
- (iv) so falls to be brought into account without any adjustment under paragraph 17 or 18 of that Schedule (debit relating to amount of discount referable to the relevant accounting period to be brought into account instead for the accounting period in which the security is redeemed),
by reference to the time of accrual of the amount to which the debit relates;
- (e) in the case of any such debit as—
- (i) is mentioned in paragraph 13(1)(eb) above,
- (ii) falls to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 in accordance with an amortised cost basis of accounting, . . . and
- (iii) so falls to brought into account—
- — on the assumption mentioned in paragraph (d)(iii) above, or
- — with such an adjustment as is mentioned in paragraph (d)(iv) above,
by apportioning the whole amount of the debit to the first part of the accounting period being divided;
- (f) in the case of any such debit as is mentioned in paragraph 13(1)(ed) above, by apportioning the whole amount of the debit to the first part of the accounting period being divided;
- (g) in the case of any such credit or debit as is mentioned in paragraph 13(ee), by apportioning to each accounting period the credits or debits that would fall to be brought into account in that period if it were a period of account for which accounts were drawn up in accordance with generally accepted accounting practice;
- (h) in the case of any such loss as is mentioned in paragraph 13(ef), by apportioning the whole amount of the loss to the first part of the accounting period being divided.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 17
If it appears that any method of apportionment given by paragraph 16 above would work unreasonably or unjustly for any case for which it is given, such other method shall be used for that case as appears just and reasonable.
## SCHEDULE 28AA
### Basic rule on transfer pricing etc.
##### 1
- (1) This Schedule applies where—
- (a) provision (“the actual provision") has been made or imposed as between any two persons (“the affected persons") by means of a transaction or series of transactions, and
- (b) at the time of the making or imposition of the actual provision—
- (i) one of the affected persons was directly or indirectly participating in the management, control or capital of the other; or
- (ii) the same person or persons was or were directly or indirectly participating in the management, control or capital of each of the affected persons.
- (2) Subject to paragraphs 5A, 5B, 8, 10 and 13 below, if the actual provision—
- (a) differs from the provision (“the arm"s length provision’) which would have been made as between independent enterprises, and
- (b) confers a potential advantage in relation to United Kingdom taxation on one of the affected persons, or (whether or not the same advantage) on each of them,
the profits and losses of the potentially advantaged person or, as the case may be, of each of the potentially advantaged persons shall be computed for tax purposes as if the arm’s length provision had been made or imposed instead of the actual provision.
- (3) For the purposes of this Schedule the cases in which provision made or imposed as between any two persons is to be taken to differ from the provision that would have been made as between independent enterprises shall include the case in which provision is made or imposed as between any two persons but no provision would have been made as between independent enterprises; and references in this Schedule to the arm’s length provision shall be construed accordingly.
### Provision in relation to securities: determination of arm’s length provision
##### 1A
- (1) This paragraph applies where—
- (a) both of the affected persons are companies, and
- (b) the actual provision is provision in relation to a security issued by one of those companies (“the issuing company”).
- (2) Paragraph 1(2)(a) above shall be construed as requiring account to be taken of all factors, including—
- (a) the question whether the loan would have been made at all in the absence of the special relationship (see sub-paragraph (6) below),
- (b) the amount which the loan would have been in the absence of the special relationship, and
- (c) the rate of interest and other terms which would have been agreed in the absence of the special relationship,
but this is subject to the following provisions of this paragraph.
- (3) In a case where—
- (a) a company makes a loan to another company with which it has a special relationship, and
- (b) it is not part of the first company’s business to make loans generally,
the fact that it is not part of the first company’s business to make loans generally shall be disregarded in construing sub-paragraph (2) above.
- (4) Paragraph 1(2)(a) above shall be construed as requiring no account to be taken, in the determination of any of the matters mentioned in sub-paragraph (5) below, of (or of any inference capable of being drawn from) any guarantee provided by a company with which the issuing company has a participatory relationship (see sub-paragraphs (7) and (8) below).
- (5) The matters are—
- (a) the appropriate level or extent of the issuing company’s overall indebtedness;
- (b) whether it might be expected that the issuing company and a particular person would have become parties to a transaction involving the issue of a security by the issuing company or the making of a loan, or a loan of a particular amount, to the issuing company;
- (c) the rate of interest and other terms that might be expected to be applicable in any particular case to such a transaction.
- (6) In this paragraph “*special relationship*” means any relationship by virtue of which the condition in paragraph 1(1)(b) above is satisfied in the case of the affected persons.
- (7) In this paragraph any reference to a guarantee includes a reference to a surety and to any other relationship, arrangements, connection or understanding (whether formal or informal) such that the person making the loan to the issuing company has a reasonable expectation that in the event of a default by the issuing company he will be paid by, or out of the assets of, one or more companies.
- (8) For the purposes of this paragraph, the cases where one company has a “*participatory relationship*”with another are those where—
- (a) one of them is directly or indirectly participating in the management, control or capital of the other; or
- (b) the same person or persons is or are directly or indirectly participating in the management, control or capital of each of them.
- (9) In this paragraph “*security*” includes securities not creating or evidencing a charge on assets.
- (10) For the purposes of this paragraph—
- (a) interest payable by a company on money advanced without the issue of a security for the advance, or
- (b) other consideration given by a company for the use of money so advanced,
shall be treated as if payable or given in respect of a security issued for the advance by the company, and references in this paragraph to a security shall be construed accordingly.
### Guarantees etc
##### 1B
- (1) This paragraph applies where the actual provision is made or imposed by means of a series of transactions which include—
- (a) the issuing of a security by a company which is one of the affected persons (“the issuing company”), and
- (b) the provision of a guarantee by a company which is the other of those persons.
- (2) Paragraph 1(2)(a) above shall be construed as requiring account to be taken of all factors, including—
- (a) the question whether the guarantee would have been provided at all in the absence of the special relationship,
- (b) the amount that would have been guaranteed in the absence of the special relationship, and
- (c) the consideration for the guarantee and other terms which would have been agreed in the absence of the special relationship,
but this is subject to the following provisions of this paragraph.
- (3) In a case where—
- (a) a company provides a guarantee in respect of another company with which it has a special relationship, and
- (b) it is not part of the first company’s business to provide guarantees generally,
the fact that it is not part of the first company’s business to provide guarantees generally shall be disregarded in construing sub-paragraph (2) above.
- (4) Paragraph 1(2)(a) above shall be construed as requiring no account to be taken, in the determination of any of the matters mentioned in sub-paragraph (5) below, of (or of any inference capable of being drawn from) any guarantee provided by a company with which the issuing company has a participatory relationship.
- (5) The matters are—
- (a) the appropriate level or extent of the issuing company’s overall indebtedness;
- (b) whether it might be expected that the issuing company and a particular person would have become parties to a transaction involving the issue of a security by the issuing company or the making of a loan, or a loan of a particular amount, to the issuing company;
- (c) the rate of interest and other terms that might be expected to be applicable in any particular case to such a transaction.
- (6) The following provisions of paragraph 1A above also apply for the purposes of this paragraph—
- (a) sub-paragraph (6) (meaning of special relationship);
- (b) sub-paragraph (7) (construction of references to a guarantee);
- (c) sub-paragraph (8) (meaning of participatory relationship);
- (d) sub-paragraph (9) (meaning of security);
- (e) sub-paragraph (10) (extended meaning of security).
### Principles for construing rules in accordance with OECD principles
##### 2
- (1) This Schedule shall be construed (subject to paragraphs 8 to 11 below) in such manner as best secures consistency between—
- (a) the effect given to paragraph 1 above; and
- (b) the effect which, in accordance with the transfer pricing guidelines, is to be given, in cases where double taxation arrangements incorporate the whole or any part of the OECD model, to so much of the arrangements as does so.
- (2) In this paragraph “*the OECD model*” means—
- (a) the rules which, at the passing of this Act, were contained in Article 9 of the Model Tax Convention on Income and on Capital published by the Organisation for Economic Co-operation and Development; or
- (b) any rules in the same or equivalent terms.
- (3) In this paragraph “*the transfer pricing guidelines*” means—
- (a) all the documents published by the Organisation for Economic Co-operation and Development, at any time before 1st May 1998, as part of their Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations; and
- (b) such documents published by that Organisation on or after that date as may for the purposes of this Schedule be designated, by an order made by the Treasury, as comprised in the transfer pricing guidelines.
### Meaning of “transaction" and “series of transactions"
##### 3
- (1) In this Schedule “*transaction*” includes arrangements, understandings and mutual practices (whether or not they are, or are intended to be, legally enforceable).
- (2) References in this Schedule to a series of transactions include references to a number of transactions each entered into (whether or not one after the other) in pursuance of, or in relation to, the same arrangement.
- (3) A series of transactions shall not be prevented by reason only of one or more of the matters mentioned in sub-paragraph (4) below from being regarded for the purposes of this Schedule as a series of transactions by means of which provision has been made or imposed as between any two persons.
- (4) Those matters are—
- (a) that there is no transaction in the series to which both those persons are parties;
- (b) that the parties to any arrangement in pursuance of which the transactions in the series are entered into do not include one or both of those persons; and
- (c) that there is one or more transactions in the series to which neither of those persons is a party.
- (5) In this paragraph, “*arrangement*” means any scheme or arrangement of any kind (whether or not it is, or is intended to be, legally enforceable).
### Participation in the management, control or capital of a person
##### 4
- (1) For the purposes of this Schedule a person is directly participating in the management, control or capital of another person at a particular time if, and only if, that other person is at that time—
- (a) a body corporate or a partnership; and
- (b) controlled by the first person.
- (2) For the purposes of this Schedule a person (“*the potential participant*”) is indirectly participating in the management, control or capital of another person at a particular time if, and (subject to paragraphs 4A and 6(4C) below) only if—
- (a) he would be taken to be directly so participating at that time if the rights and powers attributed to him included all the rights and powers mentioned in sub-paragraph (3) below that are not already attributed to him for the purposes of sub-paragraph (1) above; or
- (b) he is, at that time, one of a number of major participants in that other person’s enterprise.
- (3) The rights and powers referred to in sub-paragraph (2)(a) above are—
- (a) rights and powers which the potential participant is entitled to acquire at a future date or which he will, at a future date, become entitled to acquire;
- (b) rights and powers of persons other than the potential participant to the extent that they are rights or powers falling within sub-paragraph (4) below;
- (c) rights and powers of any person with whom the potential participant is connected; and
- (d) rights and powers which for the purposes of sub-paragraph (2)(a) above would be attributed to a person with whom the potential participant is connected if that connected person were himself the potential participant.
- (4) Rights and powers fall within this sub-paragraph to the extent that they—
- (a) are required, or may be required, to be exercised in any one or more of the following ways, that is to say—
- (i) on behalf of the potential participant;
- (ii) under the direction of the potential participant; or
- (iii) for the benefit of the potential participant;
and
- (b) are not confined, in a case where a loan has been made by one person to another, to rights and powers conferred in relation to property of the borrower by the terms of any security relating to the loan.
- (5) In sub-paragraphs (3)(b) to (d) and (4) above, the references to a person’s rights and powers include references to any rights or powers which he either—
- (a) is entitled to acquire at a future date, or
- (b) will, at a future date, become entitled to acquire.
- (6) In paragraph (d) of sub-paragraph (3) above, the reference to rights and powers which would be attributed to a connected person if he were the potential participant includes a reference to rights and powers which, by applying that paragraph wherever one person is connected with another, would be so attributed to him through a number of persons each of whom is connected with at least one of the others.
- (7) For the purposes of this paragraph a person (“*the potential major participant*”) is a major participant in another person’s enterprise at a particular time if at that time—
- (a) that other person (“*the subordinate*”) is a body corporate or partnership; and
- (b) the 40 per cent. test is satisfied in the case of each of two persons who, taken together, control the subordinate and of whom one is the potential major participant.
- (8) For the purposes of this paragraph the 40 per cent. test is satisfied in the case of each of two persons wherever each of them has interests, rights and powers representing at least 40 per cent. of the holdings, rights and powers in respect of which the pair of them fall to be taken as controlling the subordinate.
- (9) For the purposes of this paragraph—
- (a) the question whether a person is controlled by any two or more persons taken together, and
- (b) any question whether the 40 per cent. test is satisfied in the case of a person who is one of two persons,
shall be determined after attributing to each of the persons all the rights and powers attributed to a potential participant for the purposes of sub-paragraph (2)(a) above.
- (10) References in this paragraph—
- (a) to rights and powers of a person, or
- (b) to rights and powers which a person is or will become entitled to acquire,
include references to rights or powers which are exercisable by that person, or (when acquired by that person) will be exercisable, only jointly with one or more other persons.
- (11) For the purposes of this paragraph two persons are connected with each other if—
- (a) one of them is an individual and the other is his spouse or civil partner, a relative of his or of his spouse or civil partner, or the spouse or civil partner of such a relative; or
- (b) one of them is a trustee of a settlement and the other is—
- (i) a person who in relation to that settlement is a settlor; or
- (ii) a person who is connected with a person falling within sub-paragraph (i) above.
- (12) In sub-paragraph (11) above—
- “*relative*” means brother, sister, ancestor or lineal descendant; and
- “*settlement*” and “*settlor*” have the same meanings as in section 620 of ITTOIA 2005.
### Persons acting together in relation to financing arrangements
##### 4A
- (1) A person (“P”) shall be treated for the purposes of paragraph 1(1)(b)(i) above (but subject to sub-paragraph (7) below) as indirectly participating in the management, control or capital of another (“A”) at the time of the making or imposition of the actual provision if—
- (a) the actual provision relates, to any extent, to financing arrangements for A;
- (b) A is a body corporate or partnership;
- (c) P and other persons acted together in relation to the financing arrangements; and
- (d) P would be taken to have control of A if, at any relevant time, there were attributed to P the rights and powers of each of the other persons mentioned in paragraph (c) above.
- (2) A person (“Q”) shall be treated for the purposes of paragraph 1(1)(b)(ii) above (but subject to sub-paragraph (7) below) as indirectly participating in the management, control or capital of each of the affected persons at the time of the making or imposition of the actual provision if—
- (a) the actual provision relates, to any extent, to financing arrangements for one of the affected persons (“B”);
- (b) B is a body corporate or partnership;
- (c) Q and other persons acted together in relation to the financing arrangements; and
- (d) Q would be taken to have control of both B and the other affected person if, at any relevant time, there were attributed to Q the rights and powers of each of the other persons mentioned in paragraph (c) above.
- (3) It is immaterial for the purposes of sub-paragraph (1)(c) or (2)(c) above whether P or Q and the other persons acting together in relation to the financing arrangements did so at the time of the making or imposition of the actual provision or at some earlier time.
- (4) In sub-paragraph (1)(d) or (2)(d) “*relevant time*” means—
- (a) a time when P or Q and the other persons were acting together in relation to the financing arrangements; or
- (b) a time in the period of six months beginning with the day on which they ceased so to act.
- (5) In determining for the purposes of sub-paragraph (1)(d) or (2)(d) whether P or Q would be taken to have control of another person, the rights and powers of any person (and not just P or Q) shall be taken to include those that would be attributed to that person in determining under paragraph 4 above whether he is indirectly participating in the management, control or capital of the other person.
- (6) In this paragraph “*financing arrangements*” means arrangements made for providing or guaranteeing, or otherwise in connection with, any debt, capital or other form of finance.
- (7) Where the condition in paragraph 1(1)(b) above would not be satisfied but for this paragraph, paragraph 1(2) above applies only to the extent that the actual provision relates to the financing arrangements in question.
### Financing arrangements: anticipatory provision
##### 4B
- (1) To the extent that it applies to provision relating to financing arrangements, this Schedule has effect as if in paragraph 1(1)(b) above the words “or within the period of six months beginning with the day on which the actual provision was made or imposed” were inserted immediately before sub-paragraph (i).
- (2) In this paragraph “*financing arrangements*” has the same meaning as in paragraph 4A above.
### Advantage in relation to United Kingdom taxation
##### 5
- (1) For the purposes of this Schedule . . . the actual provision confers a potential advantage on a person in relation to United Kingdom taxation wherever, disregarding this Schedule, the effect of making or imposing the actual provision, instead of the arm’s length provision, would be one or both of the following, that is to say—
- (a) that a smaller amount (which may be nil) would be taken for tax purposes to be the amount of that person’s profits for any chargeable period; or
- (b) that a larger amount (or, if there would not otherwise have been losses, any amount of more than nil) would be taken for tax purposes to be the amount for any chargeable period of any losses of that person.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (7) In determining for the purposes of sub-paragraph (1) above the amount that would be taken for tax purposes to be the amount of the profits or losses for a year of assessment in the case of a person who is not resident in the United Kingdom, there shall be left out of account any income of that person which is—
- (a) disregarded income within the meaning given by section 813 of ITA 2007 (limits on liability to income tax of non-UK residents), or
- (b) disregarded company income within the meaning given by section 816 of that Act.
### Exemption for dormant companies
##### 5A
- (1) Paragraph 1(2) above does not apply in computing for any chargeable period the profits and losses of a potentially advantaged person if that person is a company which satisfies the condition in sub-paragraph (2) below.
- (2) The condition is that—
- (a) the company was dormant throughout the pre-qualifying period, and
- (b) apart from paragraph 1 above, the company has continued to be dormant at all times since the end of the pre-qualifying period.
- (3) In sub-paragraph (2) above “*the pre-qualifying period*” means—
- (a) if there is an accounting period of the company that ends on 31st March 2004, that accounting period, or
- (b) if there is no such accounting period, the period of 3 months ending with that date.
- (4) In this paragraph “*dormant*” has the same meaning as in section 249AA of the Companies Act 1985 (see subsections (4) to (7) of that section).
### Exemption for small or medium-sized enterprises
##### 5B
- (1) Paragraph 1(2) above does not apply in computing for any chargeable period the profits and losses of a potentially advantaged person if that person is a small or medium-sized enterprise for that chargeable period (see paragraph 5D below).
- (2) Exceptions to sub-paragraph (1) above are provided—
- (a) in the case of a small enterprise, by sub-paragraphs (3) and (4) below, and
- (b) in the case of a medium-sized enterprise, by sub-paragraphs (3) and (4) and paragraph 5C below.
- (3) The first exception is where the small or medium-sized enterprise elects for sub-paragraph (1) above not to apply in relation to the chargeable period.
Any such election is irrevocable.
- (4) The second exception is where, at the time when the actual provision is or was made or imposed,—
- (a) the other affected person, or
- (b) a party to a relevant transaction (see sub-paragraph (5) below),
is a resident (see sub-paragraph (6) below) of a non-qualifying territory (whether or not that person is also a resident of a qualifying territory).
- (5) For the purposes of sub-paragraph (4) above, a “party to a relevant transaction” is a person who, in a case where the actual provision is or was imposed by means of a series of transactions, is or was a party to one or more of those transactions.
- (6) In this paragraph “*resident*”, in relation to a territory,—
- (a) means a person who, under the laws of that territory, is liable to tax there by reason of his domicile, residence or place of management, but
- (b) does not include a person who is liable to tax in that territory in respect only of income from sources in that territory or capital situated there.
- (7) The definitions of “qualifying territory” and “non-qualifying territory” are in paragraph 5E below.
### Additional provisions for medium-sized enterprises
##### 5C
- (1) Paragraph 5B(1) above does not apply as respects any provision made or imposed if—
- (a) the potentially advantaged person in question is a medium-sized enterprise for the chargeable period in question, and
- (b) the Board gives that person a notice under this sub-paragraph (a “*transfer pricing notice*”) requiring him to compute the profits and losses of that chargeable period in accordance with paragraph 1(2) above in the case of that provision.
- (2) A transfer pricing notice may be given in respect of —
- (a) any provision specified, or of a description specified, in the notice, or
- (b) every provision in relation to which the assumption in paragraph 1(2) above would fall to be made apart from paragraph 5B(1) above.
- (3) A transfer pricing notice may be given only after a notice of enquiry has been given to the potentially advantaged person in respect of his tax return for the chargeable period.
- (4) A transfer pricing notice must identify the officer of the Board to whom any notice of appeal under this paragraph is to be given.
- (5) A person to whom a transfer pricing notice is given may appeal against the decision to give the notice, but only on the grounds that the condition in sub-paragraph (1)(a) above is not satisfied.
- (6) Any such appeal must be brought by giving written notice of appeal to the officer of the Board identified for the purpose in the transfer pricing notice in accordance with sub-paragraph (4) above.
- (7) The notice of appeal must be given before the end of the period of 30 days beginning with the day on which the transfer pricing notice is given.
- (8) A person to whom a transfer pricing notice is given may amend his tax return for the purpose of complying with the notice at any time before the end of the period of 90 days beginning with—
- (a) the day on which the notice is given, or
- (b) if he appeals against the notice, the day on which the appeal is finally determined or abandoned.
- (9) Where a transfer pricing notice is given in the case of any tax return, no closure notice may be given in relation to that tax return until—
- (a) the end of the period of 90 days specified in sub-paragraph (8) above, or
- (b) the earlier amendment of the tax return for the purpose of complying with the notice.
- (10) So far as relating to any provision made or imposed by or in relation to a person—
- (a) who is a medium-sized enterprise for a chargeable period,
- (b) who does not make an election under paragraph 5B(3) above for that period, and
- (c) who is not excepted from paragraph 5B(1) above by virtue of paragraph 5B(4) above in relation to that provision for that period,
the tax return required to be made for that period is a return that disregards paragraph 1(2) above.
- (11) Sub-paragraph (10) above does not prevent a tax return for a period becoming incorrect if, in the case of any provision made or imposed,—
- (a) a transfer pricing notice is given which has effect in relation to that provision for that period,
- (b) the return is not amended in accordance with sub-paragraph (8) above for the purpose of complying with the notice, and
- (c) the return ought to have been so amended.
- (12) In this paragraph—
- “*closure notice*” means a notice under—section 28A or 28B of the Management Act, orparagraph 32 of Schedule 18 to the Finance Act 1998;
- “*company tax return*” means the return required to be delivered pursuant to a notice under paragraph 3 of Schedule 18 to the Finance Act 1998, as read with paragraph 4 of that Schedule;
- “*notice of enquiry*” means a notice under—section 9A or 12AC of the Management Act, orparagraph 24 of Schedule 18 to the Finance Act 1998;
- “*tax return*” means—a return under section 8, 8A or 12AA of the Management Act, ora company tax return.
### Meaning of “small enterprise” and “medium-sized enterprise”
##### 5D
- (1) In this Schedule—
- (a) “*small enterprise*” means a small enterprise as defined in the Annex to the Commission Recommendation,
- (b) “*medium-sized enterprise*” means an enterprise which—
- (i) falls within the category of micro, small and medium-sized enterprises as defined in that Annex, and
- (ii) is not a small enterprise as defined in that Annex,
but for these purposes that Annex has effect with the modifications set out in sub-paragraphs (3) to (6) of this paragraph.
- (2) In this paragraph—
- “*the Annex*” means the Annex to the Commission Recommendation;
- “*the Commission Recommendation*” means Commission Recommendation 2003/361/EC of 6th May 2003 (concerning the definition of micro, small and medium-sized enterprises).
- (3) Where any enterprise is in liquidation or administration, the rights of the liquidator or administrator (in that capacity) shall be left out of account when applying Article 3(3)(b) of the Annex in determining for the purposes of this Schedule whether—
- (a) that enterprise, or
- (b) any other enterprise (including that of the liquidator or administrator),
is a small or medium-sized enterprise.
- (4) Article 3 of the Annex shall have effect with the omission of paragraph 5 (declaration in good faith where control cannot be determined etc).
- (5) The first sentence of Article 4(1) of the Annex shall have effect as if the data to apply to—
- (a) the headcount of staff, and
- (b) the financial amounts,
were the data relating to the chargeable period in paragraph 5B(1) above (instead of the period described in that sentence) and calculated on an annual basis.
- (6) Article 4 of the Annex shall have effect with the omission of the following provisions—
- (a) the second sentence of paragraph 1 (data to be taken into account from date of closure of accounts);
- (b) paragraph 2 (no change of status unless ceilings exceeded for two consecutive periods);
- (c) paragraph 3 (bona fide estimate in case of newly established enterprise).
### Meaning of “qualifying territory” and “non-qualifying territory”
##### 5E
- (1) In this Schedule—
- “*non-qualifying territory*” means any territory which is not a qualifying territory;
- “*qualifying territory*” means—the United Kingdom, orany territory as respects which Condition 1 or Condition 2 below is satisfied.
- (2) Condition 1 is that—
- (a) arrangements to which section 788 applies (double taxation relief by agreement with other territories) have been made in relation to the territory;
- (b) those arrangements contain a non-discrimination provision (see sub-paragraphs (4) and (5) below); and
- (c) the territory is not designated as a non-qualifying territory for the purposes of this sub-paragraph in regulations made by the Treasury.
- (3) Condition 2 is that—
- (a) arrangements to which section 788 applies have been made in relation to the territory; and
- (b) the territory is designated as a qualifying territory for the purposes of this sub-paragraph in regulations made by the Treasury.
- (4) For the purposes of this paragraph a “*non-discrimination provision*”, in relation to any arrangement to which section 788 applies, is a provision to the effect that nationals of a state which is a party to those arrangements (a “contracting state”) are not to be subject in any other contracting state to—
- (a) any taxation, or
- (b) any requirement connected with taxation,
which is other or more burdensome than the taxation and connected requirements to which nationals of that other state in the same circumstances (in particular with respect to residence) are or may be subjected.
- (5) In this paragraph, “*national*”, in relation to a contracting state, includes—
- (a) any individual possessing the nationality or citizenship of the contracting state,
- (b) any legal person, partnership or association deriving its status as such from the laws in force in that contracting state.
- (6) A statutory instrument containing regulations under this paragraph shall not be made unless a draft of the instrument has been laid before, and approved by a resolution of, the House of Commons.
### Elimination of double counting
##### 6
- (1) This paragraph applies where—
- (a) only one of the affected persons (“the advantaged person”) is a person on whom a potential advantage in relation to United Kingdom taxation is conferred by the actual provision; and
- (b) the other affected person (“the disadvantaged person”) is within the charge to income tax or corporation tax in respect of profits arising from the relevant activities.
- (2) Subject to sub-paragraphs (3) to (6) and paragraphs6C, 6D, 7 and 8 below, on the making of a claim by the disadvantaged person for the purposes of this paragraph—
- (a) the profits and losses of the disadvantaged person shall be computed for tax purposes as if the arm’s length provision had been made or imposed instead of the actual provision; and
- (b) notwithstanding any limit in the Tax Acts on the time within which any adjustment may be made, all such adjustments shall be made in his case as may be required to give effect to the assumption that the arm’s length provision was made or imposed instead of the actual provision.
- (3) A claim made by the disadvantaged person for the purposes of this paragraph—
- (a) shall not be made unless a computation has been made in the case of the advantaged person on the basis that the arm’s length provision was made or imposed instead of the actual provision; and
- (b) must be consistent with the computation made on that basis in the case of the advantaged person.
- (4) For the purposes of sub-paragraph (3) above a computation shall be taken to have been made in the case of the advantaged person on the basis that the arm’s length provision was made or imposed instead of the actual provision if, and only if—
- (a) the computations made for the purposes of any return by the advantaged person have been made on that basis by virtue of this Schedule; or
- (b) a relevant notice given to the advantaged person takes account of a determination in pursuance of this Schedule of an amount falling to be brought into account for tax purposes on that basis.
- (4A) A claim by the disadvantaged person for the purposes of this paragraph shall not be made where—
- (a) the condition in paragraph 1(1)(b) above would not be satisfied but for paragraph 4A above;
- (b) the actual provision is provision in relation to a security issued by one of the affected persons (“*the issuer*”);
- (c) a guarantee is provided in relation to the security by a person with whom the issuer has a participatory relationship.
In this sub-paragraph “*security*” and “*guarantee*” have the same meaning as in paragraph 1A above.
- (4B) For the purposes of sub-paragraph (4A) above, the cases where one person has a “*participatory relationship*” with another are those where—
- (a) one of them is directly or indirectly participating in the management, control or capital of the other; or
- (b) the same person or persons is or are directly or indirectly participating in the management, control or capital of each of them.
- (4C) Paragraph 4A above applies for the purposes of sub-paragraph (4B) above as it applies for the purposes of paragraph 1(1)(b) above.
- (5) Subject to section 111(3)(b) of the Finance Act 1998 (which provides for the extension of the period for making a claim), a claim for the purposes of this paragraph shall not be made except within one of the following periods—
- (a) in a case where a return has been made by the advantaged person on the basis mentioned in sub-paragraph (3)(a) above, the period of two years beginning with the day of the making of the return; and
- (b) in any case where a relevant notice taking account of such a determination as is mentioned in sub-paragraph (4)(b) above has been given to the advantaged person, the period of two years beginning with the day on which that notice was given.
- (6) Subject to section 111(3)(b) of the Finance Act 1998, where—
- (a) a claim for the purposes of this paragraph is made by the disadvantaged person in relation to a return made on the basis mentioned in sub-paragraph (3)(a) above, and
- (b) a relevant notice taking account of such a determination as is mentioned in sub-paragraph (4)(b) above is subsequently given to the advantaged person,
the disadvantaged person shall be entitled, within the period mentioned in sub-paragraph (5)(b) above, to make any such amendment of the claim as may be appropriate in consequence of the determination contained in that notice.
- (7) In this paragraph—
- “*relevant notice*” means—a closure notice under section 28A(1) or 28B(1) of the Management Act in relation to an enquiry into a return under section 8 or 8A of that Act or into a partnership return;a closure notice under paragraph 32 of Schedule 18 to the Finance Act 1998 in relation to an enquiry into a company tax return;a notice of an assessment under section 29 of the Management Act;a notice of any discovery assessment or discovery determination under paragraph 41 of Schedule 18 to the Finance Act 1998 (including any notice of an assessment by virtue of paragraph 52 of that Schedule);a notice under section 30B(1) of the Management Act amending a partnership return;
- “*return*” means any return required to be made under the Management Act or Schedule 18 to the Finance Act 1998 for income tax or corporation tax purposes or any voluntary amendment of such a return; and
- “*voluntary amendment*”, in relation to a return, means —an amendment under section 9ZA or 12ABA of the Management Act (amendment of personal, trustee or partnership return by taxpayer), oran amendment under Schedule 18 to the Finance Act 1998 other than one made in response to the giving of a relevant notice.
### Application of paragraph 6 in relation to transfers of trading stock etc
##### 6A
- (1) Paragraph 6(2)(a) above does not affect the credits to be brought into account by the disadvantaged person in respect of—
- (a) closing trading stock, or
- (b) closing work in progress in a trade,
for accounting periods ending on or after the last day of the relevant accounting period of the advantaged person.
- (2) For the purposes of sub-paragraph (1) above, the relevant accounting period of the advantaged person is the accounting period in which the actual provision was made or imposed.
- (3) For the purposes of this paragraph “*trading stock*”, in relation to any trade, has the same meaning as it has for the purposes of section 100 above (see subsection (2) of that section) or Chapter 12 of Part 2 of ITTOIA 2005 (see section 174 of that Act) (valuation of trading stock at discontinuance of trade).
### Compensating adjustment where advantaged person is a controlled foreign company
##### 6B
- (1) This paragraph applies in any case where—
- (a) the actual provision is provision made or imposed in relation to a controlled foreign company,
- (b) in determining for the purposes of Chapter 4 of Part 17 the amount of that company’s chargeable profits for an accounting period, its profits and losses fall to be computed in accordance with paragraph 1(2) above in the case of that provision,
- (c) the whole of those chargeable profits fall to be apportioned under section 747(3) to one or more companies resident in the United Kingdom, and
- (d) tax is chargeable by virtue of section 747(4) in respect of the whole of those chargeable profits, as so apportioned to those companies.
- (2) Where this paragraph applies, paragraph 6 above shall have effect as if the controlled foreign company were a person on whom a potential advantage in relation to United Kingdom taxation were conferred by the actual provision.
- (3) In the application of paragraph 6 above by virtue of this paragraph—
- (a) references to the advantaged person in sub-paragraphs (4)(a) and (b), (5)(a) and (b) and (6)(b) of that paragraph include a reference to any of the companies mentioned in sub-paragraph (1)(c) above, and
- (b) references to corporation tax include a reference to tax chargeable by virtue of section 747(4).
- (4) In this paragraph—
- “*controlled foreign company*” has the same meaning as in Chapter 4 of Part 17;
- “*accounting period*”, in relation to a controlled foreign company, has the same meaning as in Chapter 4 of Part 17.
### Claims under paragraph 6 where paragraph 1A applies
##### 6C
- (1) Where paragraph 1A above applies in relation to any provision, this paragraph has effect in relation to that provision.
- (2) A claim under paragraph 6(2) above may be made in accordance with this paragraph.
For the purposes of this Schedule a “paragraph 6C claim” is a claim under paragraph 6(2) above made in accordance with this paragraph.
- (3) A paragraph 6C claim may be made by—
- (a) the disadvantaged person, or
- (b) the advantaged person,
but any such claim made by the advantaged person shall be taken to be made on behalf of the disadvantaged person.
- (4) A paragraph 6C claim may be made before or after a computation falling within paragraph 6(3)(a) above has been made.
- (5) A paragraph 6C claim must be made either—
- (a) at any time before the end of the period mentioned in paragraph 6(5)(a) above, or
- (b) within the period mentioned in paragraph 6(5)(b) above,
but this is subject to section 111(3)(b) of the Finance Act 1998 (extension of period for making a claim).
- (6) A paragraph 6C claim is not a claim within paragraph 57 or 58 of Schedule 18 to the Finance Act 1998 (company tax returns, assessments and related matters).
Accordingly, paragraph 59 of that Schedule (application of Schedule 1A to the Management Act) has effect in relation to a paragraph 6C claim.
- (7) Where—
- (a) a paragraph 6C claim is made before a computation falling within paragraph 6(3)(a) above has been made,
- (b) such a computation is subsequently made, and
- (c) the claim is not consistent with the computation,
the affected persons shall be treated as if (instead of the claim actually made) a claim had been made that was consistent with the computation.
- (8) All such adjustments shall be made (whether by discharge or repayment of tax, the making of assessments or otherwise) as are required to give effect to sub-paragraph (7) above.
- (9) Sub-paragraph (8) above has effect notwithstanding any limit on the time within which any adjustment may be made.
- (10) Where—
- (a) a paragraph 6C claim is made,
- (b) a return is subsequently made by the advantaged person on the basis mentioned in paragraph 6(3)(a) above, and
- (c) a relevant notice (within the meaning of paragraph 6 above) taking account of such a determination as is mentioned in paragraph 6(4)(b) above is subsequently given to the advantaged person,
sub-paragraph (11) below applies.
- (11) Where this sub-paragraph applies, any such amendment of the paragraph 6C claim as may be appropriate in consequence of the determination contained in the relevant notice may be made by—
- (a) the disadvantaged person, or
- (b) the advantaged person,
but any such amendment made by the advantaged person shall be taken to be made on behalf of the disadvantaged person.
- (12) Any such amendment must be made within the period mentioned in paragraph 6(5)(b) above.
But that is subject to section 111(3)(b) of the Finance Act 1998 (extension of period for making amendment).
### Compensating adjustment for guarantor company etc where paragraph 1B applies
##### 6D
- (1) This paragraph applies in any case where—
- (a) a company (“the issuing company”) has liabilities under a security issued by the company,
- (b) those liabilities are to any extent the subject of a guarantee provided by a company (“the guarantor company”), and
- (c) in computing the profits and losses of the issuing company for tax purposes, the amounts to be deducted in respect of interest or other amounts payable under the security fall to be reduced (whether or not to nil) under paragraph 1(2) above by virtue of paragraph 1B above.
- (2) On the making of a claim in any such case, the guarantor company shall, to the extent of that reduction, be treated for all purposes of the Taxes Acts as if it (and not the issuing company)—
- (a) had issued the security,
- (b) owed the liabilities under it, and
- (c) had paid any interest or other amounts paid under it by the issuing company,
and in computing the profits and losses of the guarantor company for those purposes amounts shall be brought into account accordingly.
This sub-paragraph is subject to the following provisions of this paragraph.
- (3) Where the issuing company’s liabilities under the security are the subject of two or more guarantees (whether or not provided by the same person) TD must not exceed TR, where—
- TD is the total of the amounts brought into account by the guarantor companies by virtue of sub-paragraph (2) above, and
- TR is the total amount of the reductions that fall within sub-paragraph (1)(c) above.
- (4) In this paragraph “*the loan provision*” means the actual provision made or imposed between—
- (a) the issuing company, and
- (b) another company (“the lending company”),
which is provision in relation to the security.
- (5) Where—
- (a) the guarantor company makes a claim under sub-paragraph (2) above, and
- (b) the lending company makes a claim under paragraph 6 above in respect of the loan provision,
sub-paragraphs (6) and (7) below apply.
- (6) In determining, in a case where this sub-paragraph applies, the arm’s length provision for the purposes of paragraph 6(2)(a) above in relation to the lending company’s claim, additional amounts shall be brought into account as credits corresponding to the debits that fall to be brought into account by virtue of sub-paragraph (2) above in relation to the guarantor company.
- (7) If, in a case where this sub-paragraph applies,—
- (a) the lending company makes its claim under paragraph 6 above before the guarantor company makes its claim under sub-paragraph (2) above, and
- (b) the computation on which the lending company’s claim is based does not comply with sub-paragraph (6) above,
the guarantor company’s claim shall be disallowed.
- (8) A claim under sub-paragraph (2) above may be made by—
- (a) the guarantor company,
- (b) where there are two or more guarantor companies, those companies acting together, or
- (c) the issuing company,
but any claim made by the issuing company shall be taken to be made on behalf of the guarantor company or companies.
- (9) Sub-paragraphs (3) to (6) of paragraph 6 above (claims and time limits) shall apply in relation to a claim under sub-paragraph (2) above made by or on behalf of any person or persons as they apply in relation to a claim under that paragraph made by the disadvantaged person, but taking references in those sub-paragraphs—
- (a) to the advantaged person, as references to the issuing company, and
- (b) to the disadvantaged person, as references to the guarantor company or companies.
- (10) The following provisions of paragraph 1A above also apply for the purposes of this paragraph—
- (a) sub-paragraph (7) (construction of references to a guarantee);
- (b) sub-paragraph (9) (meaning of security);
- (c) sub-paragraph (10) (extended meaning of security).
- (11) In this paragraph “*the Taxes Acts*” has the meaning given in section 118(1) of the Management Act.
### Certain interest not to be regarded as chargeable under Case III of Schedule D
##### 6E
Where—
- (a) interest is paid by any person under the actual provision,
- (b) paragraph 1(2) above applies in relation to the actual provision,
- (c) the amount of interest that would have been payable under the arm’s length provision is less than the amount of interest paid under the actual provision (or there would not have been any interest payable),
- (d) the person receiving the interest makes a claim under paragraph 6 above or a paragraph 6C claim,
the interest paid under the actual provision, to the extent that it exceeds the amount of interest that would have been payable under the arm’s length provision, shall not be regarded as chargeable under Case III of Schedule D or Chapter 2 of Part 4 of ITTOIA 2005.
### Adjustment of disadvantaged person’s double taxation relief
##### 7
- (1) Subject to sub-paragraph (4) below, where—
- (a) a claim is made for the purposes of paragraph 6 above, and
- (b) the disadvantaged person is entitled, on that claim, to make a computation, or to have an adjustment made in his case, on the basis that the arm’s length provision was made or imposed instead of the actual provision,
the assumptions specified in sub-paragraph (2) below shall apply, in the disadvantaged person’s case, as respects any credit for foreign tax which the disadvantaged person has been or may be given in pursuance of any double taxation arrangements or under section 790(1).
- (2) Those assumptions are—
- (a) that the foreign tax paid or payable by the disadvantaged person does not include any amount of foreign tax which would not be or have become payable were it to be assumed for the purposes of that tax that the arm’s length provision had been made or imposed instead of the actual provision; and
- (b) that the amount of the relevant profits of the disadvantaged person in respect of which he is given credit for foreign tax does not include the amount (if any) by which his relevant profits are treated as reduced in accordance with paragraph 6 above.
- (3) Sub-paragraph (4) below applies if—
- (a) a claim is made for the purposes of paragraph 6 above;
- (b) the disadvantaged person is entitled, on that claim, to make a computation, or to have an adjustment made in his case, on the basis that the arm’s length provision was made or imposed instead of the actual provision;
- (c) the application of that basis in the computation of the disadvantaged person’s profits or losses for any chargeable period involves a reduction in the amount of any income; and
- (d) that income is also income that falls to be treated as reduced in accordance with section 811(1).
- (4) Where this sub-paragraph applies—
- (a) the reduction mentioned in sub-paragraph (3)(c) above shall be treated as made before any reduction under section 811(1); and
- (b) tax paid, in the place in which any income arises, on so much of that income as is represented by the amount of the reduction mentioned in sub-paragraph (3)(c) above shall be disregarded for the purposes of section 811(1).
- (5) Where, in a case in which a claim has been made for the purposes of paragraph 6 above, any adjustment is required to be made for the purpose of giving effect to any of the preceding provisions of this paragraph—
- (a) it may be made in any case by setting the amount of the adjustment against any relief or repayment to which the disadvantaged person is entitled in pursuance of that claim; and
- (b) nothing in the Tax Acts limiting the time within which any assessment is to be or may be made or amended shall prevent that adjustment from being so made.
- (6) References in this paragraph to relevant profits of the disadvantaged person are references to profits arising to the disadvantaged person from the carrying on of the relevant activities.
### Balancing payments between affected persons: no charge to, or relief from, tax
##### 7A
- (1) This paragraph applies where—
- (a) the circumstances are as described in paragraph 6(1) above,
- (b) one or more payments (the “balancing payments”) are made to the advantaged person by the disadvantaged person, and
- (c) the sole or main reason for making those payments is that paragraph 1(2) above applies.
- (2) To the extent that the balancing payments do not in the aggregate exceed the amount of the available compensating adjustment, those payments—
- (a) shall not be taken into account in computing profits or losses of either of the affected persons for the purposes of income tax or corporation tax, and
- (b) shall not for any of the purposes of the Corporation Tax Acts be regarded as distributions . . . .
- (3) In this paragraph “*the available compensating adjustment*” means the difference between PL1 and PL2 where—
- PL1 is the profits and losses of the disadvantaged person computed for tax purposes on the basis of the actual provision, and
- PL2 is the profits and losses of the disadvantaged person as they fall (or would fall) to be computed for tax purposes on a claim under paragraph 6 above,
### Securities: election to discharge tax liability instead of making balancing payments
##### 7B
- (1) This paragraph applies in any case where—
- (a) both of the affected persons are companies,
- (b) the circumstances are as described in paragraph 6(1) above, and
- (c) the actual provision is provision in relation to a security (the “relevant security”).
- (2) The disadvantaged person may make an election under this paragraph in respect of the relevant security if the condition in sub-paragraph (3) below is satisfied.
- (3) The condition is that—
- (a) the actual provision forms part of a capital market arrangement,
- (b) the capital market arrangement involves the issue of a capital market investment,
- (c) the securities that represent the capital market investment are issued wholly or mainly to independent persons (see sub-paragraph (9) below), and
- (d) the total value of the capital market investments made under the capital market arrangement is at least £50 million.
- (4) An election under this paragraph in respect of the relevant security is an election for the disadvantaged person—
- (a) to make no balancing payment within paragraph 7A above to the advantaged person in respect of the application of paragraph 1(2) above in relation to the relevant security in a chargeable period by virtue of paragraph 1A above, but
- (b) instead, to undertake sole responsibility for discharging the advantaged person’s liability to tax for that period so far as resulting from the application of paragraph 1(2) above in relation to the relevant security by virtue of paragraph 1A above.
- (5) Where an election under this paragraph has effect in relation to an accounting period of the advantaged person, the tax mentioned in sub-paragraph (4)(b) above—
- (a) shall be recoverable from the disadvantaged person as if it were an amount of corporation tax due and owing from that person, and
- (b) shall not be recoverable from the advantaged person.
- (6) Any election under this paragraph in respect of the relevant security—
- (a) must be made by being included (whether by amendment or otherwise) in the disadvantaged person’s company tax return for the chargeable period in which the relevant security is issued,
- (b) has effect in relation to each of the affected persons for the chargeable period in which the relevant security is issued and all subsequent chargeable periods, and
- (c) is irrevocable.
For the purposes of this sub-paragraph a security issued in a chargeable period beginning before 1st April 2004 shall be treated as if it had been issued in the chargeable period beginning on that date.
- (7) An election under this paragraph by a person is of no effect if the Board give that person a notice under this sub-paragraph refusing to accept the election.
- (8) A notice under sub-paragraph (7) above may be given only after a notice of enquiry in respect of the company tax return containing the election has been given to the disadvantaged person.
- (9) In this paragraph—
- “*capital market arrangement*” has the same meaning as in section 72B(1) of the Insolvency Act 1986 (see paragraph 1 of Schedule 2A to that Act);
- “*capital market investment*” has the same meaning as in section 72B(1) of the Insolvency Act 1986 (see paragraphs 2 and 3 of Schedule 2A to that Act);
- “*company tax return*” means the return required to be delivered pursuant to a notice under paragraph 3 of Schedule 18 to the Finance Act 1998, as read with paragraph 4 of that Schedule;
- “*independent person*” means a person—who is not the disadvantaged person, andwho does not have a participatory relationship with either of the affected persons.
- (10) The following provisions of paragraph 1A above also apply for the purposes of this paragraph—
- (a) sub-paragraph (8) (meaning of participatory relationship);
- (b) sub-paragraph (9) (meaning of security);
- (c) sub-paragraph (10) (extended meaning of security).
### Balancing payments by guarantor to issuer: no charge to, or relief from, tax
##### 7C
- (1) This paragraph applies in any case where—
- (a) the circumstances are as described in paragraph 6D(1) above,
- (b) one or more payments (the “balancing payments”) are made by the guarantor company to the issuing company, and
- (c) the sole or main reasons for making those payments are that paragraph 1(2) above applies by virtue of paragraph 1B above or that paragraph 6D above applies.
- (2) To the extent that the balancing payments made by all the guarantor companies do not in the aggregate exceed the amount TR in paragraph 6D(3) above (total reductions within paragraph 6D(1)(c) above), those payments—
- (a) shall not be taken into account in computing for the purposes of corporation tax the profits or losses of the guarantor company or companies or the issuing company, and
- (b) shall not for any purpose of the Corporation Tax Acts be regarded as distributions . . . .
### Guarantees: election to discharge tax liability instead of making balancing payments
##### 7D
- (1) This paragraph applies where the following conditions are satisfied—
- (a) both of the affected persons are companies,
- (b) the circumstances are as described in paragraph 6(1) above,
- (c) the actual provision falls within paragraph 1B(1) above.
- (2) Sub-paragraphs (2) to (8) of paragraph 7B above apply in a case where this paragraph applies as they apply in a case where that paragraph applies, but with the modifications in sub-paragraphs (3) and (4) below.
- (3) The relevant security is the security in paragraph 1B(1)(a) above.
- (4) In sub-paragraph (4) (nature of the election)—
- (a) for “paragraph 7A above” substitute paragraph 7C below;
- (b) for “paragraph 1A”, in both places, substitute paragraph 1B.
### Foreign exchange gains and losses and financial instruments
##### 8
- (1) Subject to sub-paragraph (3)and sub-paragraph (4) below, this Schedule shall not require the amounts brought into account in any person’s case under—
- (a) Chapter 2 of Part 4 of the Finance Act 1996 (loan relationships) in respect of exchange gains or losses from loan relationships (as defined in section 103(1A) and (1B) of that Act), or
- (b) Schedule 26 to the Finance Act 2002 (derivative contracts) in respect of exchange gains and losses (as defined in paragraph 54 of that Schedule),
to be computed in that person’s case on the assumption that the arm’s length provision had been made or imposed instead of the actual provision.
- (3) Sub-paragraph (1) above shall not affect so much of paragraph 11A of Schedule 9 to the Finance Act 1996 (loan relationships: exchange gains or losses where loan not on arm’s length terms) as has effect by reference to whether profits or losses fall to be computed by virtue of this Schedule as if the whole or any part of a loan had not been made.
- (4) Sub-paragraph (1) above shall not affect so much of paragraph 27 of Schedule 26 to the Finance Act 2002 (derivative contracts: exchange gains or losses where derivative contract not on arm’s length terms) as has effect by reference to whether profits or losses fall to be computed by virtue of this Schedule as if a company were not party to a derivative contract or as if the terms of the contract to which it is party were different.
### Special rules for sales etc. of oil
##### 9
- (1) Subject to paragraph 10 below, this paragraph applies to provision made or imposed by or in relation to the terms of a sale of oil if—
- (a) the oil sold is oil which has been, or is to be, extracted under rights exercisable by a company (“the producer") which (although it may be the seller) is not the buyer; and
- (b) at the time of the sale not less than 20 per cent. of the producer’s ordinary share capital is owned directly or indirectly by one or more of the following, that is to say, the buyer and the companies (if any) that are linked to the buyer.
- (2) Where this paragraph applies to provision made or imposed by or in relation to the terms of a sale of oil, this Schedule shall have effect as respects that provision as if the buyer, the seller and (if it is not the seller) the producer were all controlled by the same person at the time of the making or imposition of that provision.
- (3) For the purposes of this paragraph two companies are linked if—
- (a) one is under the control of the other; or
- (b) both are under the control of the same person or persons.
- (4) For the purposes of this paragraph—
- (a) any question whether ordinary share capital is owned directly or indirectly by a company shall be determined as for section 838;
- (b) rights to extract oil shall be taken to be exercisable by a company even if they are exercisable by that company only jointly with one or more other companies; and
- (c) a sale of oil shall be deemed to take place at the time of the completion of the sale or when possession of the oil passes, whichever is the earlier.
- (5) In this paragraph “*oil*” includes any mineral oil or relative hydrocarbon, as well as natural gas.
### Transactions and deemed transactions involving oil
##### 10
This Schedule does not apply in relation to provision made or imposed by means of any transaction or deemed transaction in the case of which the price or consideration is determined in accordance with any of subsections (1) to (4) of section 493 (transactions and deemed transactions involving oil treated as made at market value).
### Special provision for companies carrying on ring fence trades
##### 11
- (1) This paragraph applies where any person (“the taxpayer") carries on as, or as part of, a trade any activities (“the ring fence trade") which, in accordance with section 492(1) above or section 16(1) of ITTOIA 2005 either—
- (a) fall to be treated for any tax purposes as a separate trade, distinct from all other activities carried on by him as part of the trade; or
- (b) would so fall if the taxpayer did carry on any other activities as part of that trade.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) Subject to paragraph 10 above and sub-paragraph (4) below, this Schedule shall have effect as respects any provision made or imposed by the taxpayer as between the ring fence trade and any other activities carried on by him as if—
- (a) that trade and those activities were carried on by two different persons;
- (b) that provision were made or imposed as between those two persons by means of a transaction;
- (c) a potential advantage in relation to United Kingdom taxation were conferred by that provision on each of those two persons; and
- (d) those two persons were both controlled by the same person at the time of the making or imposition of that provision; . . .
- (e) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) This Schedule shall apply in accordance with this paragraph in relation to any provision mentioned in sub-paragraph . . . (3) above only where the effect of its application in relation to that provision is either—
- (a) that a larger amount (including, if there would not otherwise have been profits, an amount of more than nil) is taken for tax purposes to be the amount of the profits of the ring fence trade for any chargeable period; or
- (b) that a smaller amount (including nil) is taken for tax purposes to be the amount for any chargeable period of any losses of that trade.
### Appeals
##### 12
- (1) In so far as the question in dispute on any appeal falling within sub-paragraph (2) below—
- (a) is or involves a determination of whether this Schedule has effect as respects any provision made or imposed as between any two persons, or of how it so has effect, and
- (b) is not a question that would fall to be determined by the Special Commissioners apart from this sub-paragraph,
that question shall be determined by them.
- (2) The appeals falling within this sub-paragraph are—
- (a) any appeal under section 31 of, or Schedule 1A to, the Management Act;
- (b) any appeal under paragraph 34(3) of Schedule 18 to the Finance Act 1998 against an amendment of a company’s return; and
- (c) any appeal under paragraph 48 of that Schedule against a discovery assessment or a discovery determination.
- (3) Sub-paragraph (4) below applies where—
- (a) any such question as is mentioned in sub-paragraph (1) above falls to be determined by the Special Commissioners for the purposes of any proceedings before them; and
- (b) that question relates to any provision made or imposed as between two persons each of whom is within the charge to income tax or corporation tax in respect of profits arising from the relevant activities.
- (4) Where this sub-paragraph applies—
- (a) each of the persons as between whom the actual provision was made or imposed shall be entitled to appear and be heard by the Special Commissioners, or to make representations to them in writing;
- (b) the Special Commissioners shall determine that question separately from any other questions in those proceedings; and
- (c) their determination on that question shall have effect as if made in an appeal to which each of those persons was a party.
- (5) In this paragraph—
- “*discovery assessment*” means a discovery assessment under paragraph 41 of Schedule 18 to the Finance Act 1998 (including one by virtue of paragraph 52 of that Schedule); and
- “*discovery determination*” means a discovery determination under paragraph 41 of that Schedule.
### Saving for the provisions relating to capital allowances and capital gains
##### 13
- (1) Nothing in this Schedule shall be construed as affecting—
- (a) the computation of the amount of any capital allowance or balancing charge made under the Capital Allowances Act; or
- (b) the computation in accordance with the 1992 Act of the amount of any chargeable gain or allowable loss;
and nothing in this Schedule shall require the profits or losses of any person to be computed for tax purposes as if, in his case, instead of income or losses falling to be brought into account in connection with the taxation of income, there were gains or losses falling to be brought into account in accordance with the 1992 Act.
- (2) Nothing in sub-paragraph (1) above applies to paragraph 6 above.
### General interpretation etc.
##### 14
- (1) In this Schedule—
- “*the actual provision*” and “*the affected persons*” shall be construed in accordance with paragraph 1(1) above;
- “*the arm*”s length provision’ shall be construed in accordance with paragraph 1(2) and (3) above;
- “*double taxation arrangements*” means arrangements having effect by virtue of section 788;
- “*foreign tax*” means any tax under the law of a territory outside the United Kingdom or any amount which falls for the purposes of any double taxation arrangements to be treated as if it were such tax;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*losses*” includes amounts which are not losses but in respect of which relief may be given in accordance with any of the following enactments—section 75(9) (excess of management expenses);section 468L(5) (allowance for interest distributions of a unit trust);Part X (loss relief and group relief);section 83 of and Schedule 8 to the Finance Act 1996 or paragraph 4 of Schedule 11 to that Act (deficits on loan relationships);
- “*medium-sized enterprise*” shall be construed in accordance with paragraph 5D above;
- “*non-qualifying territory*” has the meaning given by paragraph 5E above;
- “*paragraph 6C claim*” has the meaning given by paragraph 6C(2) above;
- “*profits*” includes income;
- “*qualifying territory*” has the meaning given by paragraph 5E above;
- “*the relevant activities*”, in relation to a person who is one of the persons as between whom any provision is made or imposed, means such of his activities as—comprise the activities in the course of which, or with respect to which, that provision is made or imposed; andare not activities carried on either separately from those activities or for the purposes of a different part of that person’s business;
- “*small enterprise*” shall be construed in accordance with paragraph 5D above;
- “*transaction*” and “*series of transactions*” shall be construed in accordance with paragraph 3 above.
- (2) Without prejudice to paragraphs 9(2) and 11(3) above, references in this Schedule to a person controlling a body corporate or a partnership shall be construed in accordance with section 840.
- (3) In determining for the purposes of this Schedule whether a person has an entitlement, in pursuance of any double taxation arrangements or under section 790(1), to be given credit for foreign tax, any requirement that a claim is made before such a credit is given shall be disregarded.
- (4) Any adjustments required to be made by virtue of this Schedule may be made by way of discharge or repayment of tax, by the modification of any assessment or otherwise.
- (5) This Schedule shall have effect as if—
- (a) a unit trust scheme were a company that is a body corporate;
- (b) the rights of the unit holders under such a scheme were shares in the company that the scheme is deemed to be;
- (c) rights and powers of a person in the capacity of a person entitled to act for the purposes of the scheme were rights and powers of the scheme; and
- (d) provision made or imposed as between any person in such a capacity and another person were made or imposed as between the scheme and that other person.
## SCHEDULE 28AB
### Introductory
##### 1
- (1) A scheme or arrangement, other than a scheme or arrangement falling within sub-paragraph (3), is a prescribed scheme or arrangement if one or more of paragraphs 2 to 6 apply to it.
- (2) A scheme or arrangement falling within sub-paragraph (3) is a prescribed scheme or arrangement if one or more of paragraphs 2 to 6 would, on the assumption in sub-paragraph (4), apply to it.
- (3) A scheme or arrangement falls within this sub-paragraph if its main purpose, or one of its main purposes, is to cause an amount of underlying tax allowable in respect of a dividend paid by a body corporate resident in a territory outside the United Kingdom to be taken into account in the case of a person.
- (4) The assumption is that the body corporate is resident in the United Kingdom.
- (5) Nothing in sub-paragraph (4) requires it to be assumed that there is any change in the place or places at which the body corporate carries on its activities.
### Attribution of foreign tax
##### 2
This paragraph applies to a scheme or arrangement if the scheme or arrangement enables a person who is party to, or concerned in, the scheme or arrangement to pay, in respect of a source of income or chargeable gain, an amount of foreign tax all or part of which is properly attributable to another source of income or chargeable gain (or to more than one such other source).
### Effect of paying foreign tax
##### 3
- (1) This paragraph applies to a scheme or arrangement if, under the scheme or arrangement, sub-paragraph (2) is satisfied in relation to a person who has claimed, or is in a position to claim, for a chargeable period an allowance under any arrangements by way of credit for foreign tax (“*the claimant*”).
- (2) This sub-paragraph is satisfied if—
- (a) an amount of foreign tax is paid by the claimant, and
- (b) at the time when the claimant entered into the scheme or arrangement, it could reasonably be expected that the effect of the payment of that amount of foreign tax on the foreign tax total would be to increase it by less than the amount allowable to the claimant as a credit in respect of the payment of that amount of foreign tax.
- (3) The foreign tax total is the amount found by—
- (a) aggregating the amounts of foreign tax paid or payable in respect of the transaction or transactions forming part of the scheme or arrangement by persons party to, or concerned in, the scheme or arrangement, and
- (b) taking into account any reliefs, deductions, reductions or allowances against or in respect of any tax that arise to the persons party to, or concerned in, the scheme or arrangement (including any reliefs, deductions, reductions or allowances arising to any one or more of those persons as a consequence of the payment by the claimant of that amount of foreign tax).
### Effect of claim, election or other arrangement
##### 4
- (1) This paragraph applies to a scheme or arrangement if under the scheme or arrangement—
- (a) a step is taken by a person who is party to, or concerned in, the scheme or arrangement, or
- (b) a step that could have been taken by such a person is not taken,
and that action or that failure to act has the effect of increasing a claim made by a person who is party to, or concerned in, the scheme or arrangement for an allowance by way of credit in accordance with this Part or of giving rise to such a claim.
- (2) The steps mentioned in sub-paragraph (1) are steps that may be made—
- (a) under the law of any territory, or
- (b) under arrangements made in relation to any territory.
- (3) The steps mentioned in sub-paragraph (1) include—
- (a) claiming, or otherwise securing the benefit of, reliefs, deductions, reductions or allowances;
- (b) making elections for tax purposes.
### Effect attributable to scheme or arrangement
##### 5
- (1) This paragraph applies to a scheme or arrangement if, under the scheme or arrangement, sub-paragraph (2) is satisfied in relation to a person who has claimed, or is in a position to claim, for a chargeable period an allowance under any arrangements by way of credit for foreign tax.
- (2) This sub-paragraph is satisfied if amount A is less than amount B.
- (3) Amount A is the amount of United Kingdom taxes payable by the person in respect of income and chargeable gains arising in the chargeable period.
- (4) Amount B is the amount of United Kingdom taxes that would be payable by the person in respect of income and chargeable gains arising in the chargeable period if, in determining that amount, the transactions forming part of the scheme or arrangement were disregarded.
### Tax deductible payments
##### 6
- (1) This paragraph applies to a scheme or arrangement if the scheme or arrangement includes—
- (a) the making by a person (“A”) of a relevant payment or payments, and
- (b) the giving, in respect of that payment or payments, of consideration that satisfies the requirements of sub-paragraph (3).
- (2) A payment made by A is a relevant payment if all or part of it may be brought into account in computing A's income for the purposes of United Kingdom taxes.
- (3) Consideration given in respect of a payment or payments made by A satisfies the requirements of this sub-paragraph if—
- (a) all or part of it consists of a payment or payments made to A or a person connected with A, and
- (b) tax is chargeable in respect of the payment or payments under the law of a territory outside the United Kingdom.
- (4) In this paragraph references to a payment include references to a transfer of money's worth.
- (5) Section 839 applies for the purposes of this paragraph.
## SCHEDULE 28B
### Introductory
##### 1
- (1) This Schedule applies, where any shares in or securities of any company (“the relevant company”) are at any time held by another company (“the trust company”), for determining whether and to what extent those shares or securities (“the relevant holding”) are, for the purposes of section 842AA, to be regarded as at that time comprised in the trust company’s qualifying holdings.
- (2) The relevant holding shall be regarded as comprised in the trust company’s qualifying holdings at any time if—
- (a) all the requirements of the following provisions of this Schedule are satisfied at that time in relation to the relevant company and the relevant holding; and
- (b) the relevant holding consists of shares or securities which were first issued by the relevant company to the trust company and have been held by the trust company ever since.
- (3) Subject to paragraph 6(3) below, where the requirements of paragraph 6 or 7 below would be satisfied as to only part of the money raised by the issue of the relevant holding and that holding is not otherwise capable of being treated as comprising separate holdings, this Schedule shall have effect in relation to that holding as if it were two holdings consisting of—
- (a) a holding from which that part of the money was raised; and
- (b) a holding from which the remainder was raised;
and section 842AA shall have effect as if the value of the holding were to be apportioned accordingly between the two holdings which are deemed to exist in pursuance of this sub-paragraph.
### Requirement that company must be unquoted company
##### 2
- (1) The requirement of this paragraph is that the relevant company (whether or not it is resident in the United Kingdom) must be an unquoted company.
- (2) In this paragraph “*unquoted company*” means a company none of whose shares, stocks, debentures or other securities is marketed to the general public.
- (3) For the purposes of this paragraph shares, stocks, debentures or other securities are marketed to the general public if they are—
- (a) listed on a recognised stock exchange,
- (b) listed on a designated exchange in a country outside the United Kingdom, or
- (c) dealt in on the Unlisted Securities Market or dealt in outside the United Kingdom by such means as may be designated.
- (4) In sub-paragraph (3) above “*designated*” means designated by an order made by the Board for the purposes of that sub-paragraph; and an order made for the purposes of paragraph (b) of that sub-paragraph may designate an exchange by name, or by reference to any class or description of exchanges, including a class or description framed by reference to any authority or approval given in a country outside the United Kingdom.
- (5) Section 828(1) does not apply to an order made for the purposes of sub-paragraph (3) above.
- (6) Where a company any shares in or securities of which are included in the qualifying holdings of the trust company ceases at any time while the trust company is approved as a venture capital trust to be an unquoted company, the requirements of this paragraph shall be deemed, in relation to shares or securities acquired by the trust company before that time, to continue to be satisfied for a period of five years after that time.
### Requirements as to company’s business
##### 3
- (1) The requirements of this paragraph are as follows.
- (2) The relevant company must be one of the following, that is to say—
- (a) a company which exists wholly for the purpose of carrying on one or more qualifying trades or which so exists apart from purposes capable of having no significant effect (other than in relation to incidental matters) on the extent of the company’s activities; or
- (aa) the parent company of a trading group.
- (3) Subject to sub-paragraph (4) below, when the relevant holding was issued and at all times since, a qualifying company (whether or not the same such company at every such time) must have been either—
- (a) carrying on a qualifying trade wholly or mainly in the United Kingdom; or
- (b) preparing to carry on a qualifying trade which at the time when the relevant holding was issued was intended to be carried on wholly or mainly in the United Kingdom by a qualifying company,
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) The requirements of sub-paragraph (3) above shall not be capable of being satisfied by virtue of paragraph (b) of that sub-paragraph at any time after the end of the period of two years beginning with the issue of the relevant holding unless—
- (a) the intended trade was begun to be carried on by a qualifying company before the end of that period, and
- (b) at all times since the end of that period, a qualifying company (whether or not the same such company at every such time) has been carrying on a qualifying trade wholly or mainly in the United Kingdom.
- (5) The requirements of that sub-paragraph shall also be incapable of being so satisfied at any time after the abandonment, within the period mentioned in sub-paragraph (4) above, of the intention in question.
- (5A) In sub-paragraphs (3) and (4) above, “*qualifying company*” means the relevant company or any relevant qualifying subsidiary of that company.
- (5B) In determining for the purposes of sub-paragraph (4)(a) above when the intended trade was begun to be carried on by a qualifying company which is a relevant qualifying subsidiary of the relevant company there shall be disregarded any carrying on of the trade by it before it became such a subsidiary of the relevant company.
- (6) For the purposes of this paragraph a company is the parent company of a trading group if—
- (a) it has one or more subsidiaries;
- (b) each of its subsidiaries is a qualifying subsidiary of the company; and
- (c) the requirements of sub-paragraph (7) below are fulfilled by what would be the business of the company and its qualifying subsidiaries if all the activities, taken together, of the company and its qualifying subsidiaries were regarded as one business.
- (7) A business fulfils the requirements of this sub-paragraph if neither the business nor a substantial part of it consists in, or in either of, the following, that is to say—
- (a) activities falling within paragraph 4(2)(a) to (f) below but not within sub-paragraph (8) below; and
- (b) activities carried on otherwise than in the course of a trade.
- (8) The activities falling within this sub-paragraph are—
- (a) the receiving of royalties or licence fees in circumstances where the requirement mentioned in paragraph 4(5) below is satisfied in relation to the company receiving them;
- (b) the letting of ships, other than offshore installations or pleasure craft, on charter in circumstances where the requirements mentioned in paragraphs (a) to (d) of paragraph 4(7) below are satisfied in relation to the company so letting them.
- (9) Activities of a company or of any of its qualifying subsidiaries shall be disregarded for the purposes of sub-paragraphs (6) to (8) above to the extent that they consist in—
- (a) the holding of shares in or securities of, or the making of loans to, one or more of the company’s qualifying subsidiaries; or
- (b) the holding and managing of property used by the company or any of its qualifying subsidiaries for the purposes of—
- (i) research and development from which it is intended that a qualifying trade to be carried on by the company or any of its qualifying subsidiaries will be derived; or
- (ii) one or more qualifying trades so carried on.
- (10) Activities of a qualifying subsidiary of a company shall also be disregarded for the purposes of sub-paragraphs (6) to (8) above to the extent that they consist in—
- (a) the making of loans to the company; or
- (b) in the case of a mainly trading subsidiary, activities carried on in pursuance of its insignificant purposes (within the meaning given by sub-paragraph (11) below).
- (11) In sub-paragraph (10) above “*mainly trading subsidiary*” means a qualifying subsidiary which, apart from purposes (“*its insignificant purposes*”) which are capable of having no significant effect (other than in relation to incidental matters) on the extent of its activities, exists wholly for the purpose of carrying on one or more qualifying trades.
### Meaning of “qualifying trade”
##### 4
- (1) For the purposes of this Schedule—
- (a) a trade is a qualifying trade if it is a trade complying with this paragraph; and
- (b) the carrying on of any activities of research and development from which it is intended that there will be derived a trade that—
- (i) will comply with this paragraph, and
- (ii) will be carried on wholly or mainly in the United Kingdom,
shall be treated as the carrying on of a qualifying trade.
- (2) Subject to sub-paragraphs (3) to (9) below, a trade complies with this paragraph if neither that trade nor a substantial part of it consists in one or more of the following activities, that is to say—
- (a) dealing in land, in commodities or futures or in shares, securities or other financial instruments;
- (b) dealing in goods otherwise than in the course of an ordinary trade of wholesale or retail distribution;
- (c) banking, insurance, money-lending, debt-factoring, hire-purchase financing or other financial activities;
- (d) leasing (including letting ships on charter or other assets on hire) or receiving royalties or licence fees;
- (e) providing legal or accountancy services;
- (ea) property development;
- (eb) farming or market gardening;
- (ec) holding, managing or occupying woodlands, any other forestry activities or timber production;
- (ed) operating or managing hotels or comparable establishments, or managing property used as an hotel or comparable establishment;
- (ee) operating or managing nursing homes or residential care homes, or managing property used as a nursing home or residential care home;
- (f) providing services or facilities for any such trade carried on by another person (not being a company of which the company providing the services or facilities is a subsidiary) as—
- (i) consists, to a substantial extent, in activities within any of paragraphs (a) to (ee) above; and
- (ii) is a trade in which a controlling interest is held by a person who also has a controlling interest in the trade carried on by the company providing the services or facilities.
- (3) For the purposes of sub-paragraph (2)(b) above—
- (a) a trade of wholesale distribution is one in which the goods are offered for sale and sold to persons for resale by them, or for processing and resale by them, to members of the general public for their use or consumption;
- (b) a trade of retail distribution is one in which the goods are offered for sale and sold to members of the general public for their use or consumption; and
- (c) a trade is not an ordinary trade of wholesale or retail distribution if—
- (i) it consists, to a substantial extent, in dealing in goods of a kind which are collected or held as an investment, or in that activity and any other activity of a kind falling within sub-paragraph (2)(a) to (f) above, taken together; and
- (ii) a substantial proportion of those goods are held by the company for a period which is significantly longer than the period for which a vendor would reasonably be expected to hold them while endeavouring to dispose of them at their market value.
- (3A) For the purposes of this Schedule the activities of a person shall not be taken to fall within paragraph (ed) or (ee) of sub-paragraph (2) above except where that person has an estate or interest in, or is in occupation of, the hotels or comparable establishments or, as the case may be, the nursing homes or residential care homes.
- (4) In determining for the purposes of this paragraph whether a trade carried on by any person is an ordinary trade of wholesale or retail distribution, regard shall be had to the extent to which it has the following features, that is to say—
- (a) the goods are bought by that person in quantities larger than those in which he sells them;
- (b) the goods are bought and sold by that person in different markets;
- (c) that person employs staff and incurs expenses in the trade in addition to the cost of the goods and, in the case of a trade carried on by a company, to any remuneration paid to any person connected with it;
- (d) there are purchases or sales from or to persons who are connected with that person;
- (e) purchases are matched with forward sales or vice versa;
- (f) the goods are held by that person for longer than is normal for goods of the kind in question;
- (g) the trade is carried on otherwise than at a place or places commonly used for wholesale or retail trade;
- (h) that person does not take physical possession of the goods;
and for the purposes of this sub-paragraph the features specified in paragraphs (a) to (c) above shall be regarded as indications that the trade is such an ordinary trade and those in paragraphs (d) to (h) above shall be regarded as indications of the contrary.
- (5) A trade shall not be treated as failing to comply with this paragraph by reason only that it consists to a substantial extent in the receiving of royalties or licence fees if the royalties and licence fees (or all but for a part that is not a substantial part in terms of value) are attributable to the exploitation of relevant intangible assets.
- (6) For this purpose an intangible asset is a “*relevant intangible asset*” if the whole or greater part (in terms of value) of it has been created—
- (a) by the company carrying on the trade, or
- (b) by a company which at all times during which it created the intangible asset was—
- (i) the parent company of the company carrying on the trade, or
- (ii) a qualifying subsidiary of that parent company.
- (6A) In the case of a relevant asset that is intellectual property, references in sub-paragraph (6) above to the creation of the asset by a company are to its creation in circumstances in which the right to exploit it vests in the company (whether alone or jointly with others).
- (6B) For the purposes of sub-paragraphs (5) to (6A) above “*intangible asset*” means any asset which falls to be treated as an intangible asset in accordance with generally accepted accounting practice.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6C) For the purposes of sub-paragraph (6) above
- (a) “*parent company*” means a company that—
- (i) has one or more 51% subsidiaries, but
- (ii) is not itself a 51% subsidiary of another company; and
- (b) paragraph 10 below (meaning of “*qualifying subsidiary*”) shall apply as if the references in that paragraph to the relevant company were references to the parent company referred to in sub-paragraph (6)(b) above.
- (6D) For the purposes of sub-paragraph (6A) above “*intellectual property*” means—
- (a) any patent, trade mark, registered design, copyright, design right, performer’s right or plant breeder’s right; and
- (b) any rights under the law of a country or territory outside the United Kingdom which correspond or are similar to those falling within paragraph (a) above.
- (7) A trade shall not be treated as failing to comply with this paragraph by reason only of its consisting in letting ships, other than offshore installations or pleasure craft, on charter if—
- (a) every ship let on charter by the company carrying on the trade is beneficially owned by the company;
- (b) every ship beneficially owned by the company is registered in the United Kingdom;
- (c) the company is solely responsible for arranging the marketing of the services of its ships; and
- (d) the conditions mentioned in sub-paragraph (8) below are satisfied in relation to every letting of a ship on charter by the company;
but where any of the requirements mentioned in paragraphs (a) to (d) above are not satisfied in relation to any lettings, the trade shall not thereby be treated as failing to comply with this paragraph if those lettings and any other activity of a kind falling within sub-paragraph (2)(a) to (f) above do not, when taken together, amount to a substantial part of the trade.
- (8) The conditions are that—
- (a) the letting is for a period not exceeding 12 months and no provision is made at any time (whether in the charterparty or otherwise) for extending it beyond that period otherwise than at the option of the charterer;
- (b) during the period of the letting there is no provision in force (whether by virtue of being contained in the charterparty or otherwise) for the grant of a new letting to end, otherwise than at the option of the charterer, more than 12 months after that provision is made;
- (c) the letting is by way of a bargain made at arm’s length between the company and a person who is not connected with it;
- (d) under the terms of the charter the company is responsible as principal—
- (i) for taking, throughout the period of the charter, management decisions in relation to the ship, other than those of a kind generally regarded by persons engaged in trade of the kind in question as matters of husbandry; and
- (ii) for defraying all expenses in connection with the ship throughout that period, or substantially all such expenses, other than those directly incidental to a particular voyage or to the employment of the ship during that period;
and
- (e) no arrangements exist by virtue of which a person other than the company may be appointed to be responsible for the matters mentioned in paragraph (d) above on behalf of the company;
but this sub-paragraph shall have effect, in relation to any letting between one company and another where one of those companies is the relevant company and the other is a qualifying subsidiary of that company, or where both companies are qualifying subsidiaries of the relevant company, as if paragraph (c) were omitted.
- (9) A trade shall not comply with this paragraph unless it is conducted on a commercial basis and with a view to the realisation of profits.
### Provisions supplemental to paragraph 4
##### 5
- (1) In paragraph 4 above—
- “*film*” means an original master negative of a film, an original master film disc or an original master film tape;
- “*nursing home*” means any establishment which exists wholly or mainly for the provision of nursing care for persons suffering from sickness, injury or infirmity or for women who are pregnant or have given birth to children;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*pleasure craft*” means any ship of a kind primarily used for sport or recreation;
- “*property development*” means the development of land—by a company which has, or at any time has had, an interest in the land, andwith the sole or main object of realising a gain from the disposal of an interest in the land when it is developed;
- “*research and development*” has the meaning given by section 837A;
- “*residential care home*” means any establishment which exists wholly or mainly for the provision of residential accommodation, together with board and personal care, for persons in need of personal care by reason of old age, mental or physical disabilities, past or present dependence on alcohol or drugs or any past illnesses or past or present mental disorders; and
- “*sound recording*”, in relation to a film, means its sound track, original master audio disc or original master audio tape.
- (2) For the purposes of paragraph 4 above, in the case of a trade carried on by a company, a person has a controlling interest in that trade if—
- (a) he controls the company;
- (b) the company is a close company and he or an associate of his, being a director of the company, either—
- (i) is the beneficial owner of more than 30 per cent. of the ordinary share capital of the company, or
- (ii) is able, directly or through the medium of other companies or by any other indirect means, to control more than 30 per cent. of that share capital;
or
- (c) not less than half of the trade could, in accordance with section 344(2), be regarded as belonging to him for the purposes of section 343;
and, in any other case, a person has a controlling interest in a trade if he is entitled to not less than half of the assets used for, or of the income arising from, the trade.
- (3) For the purposes of sub-paragraph (2) above there shall be attributed to any person any rights or powers of any other person who is an associate of his.
- (4) References in paragraph 4 above or this paragraph to a trade, except the references in paragraph 4(2)(f) to the trade for which services or facilities are provided, shall be construed without reference to so much of the definition of trade in section 832(1) as relates to adventures or concerns in the nature of trade; and those references in paragraph 4(2)(f) above to a trade shall have effect, in relation to cases in which what is carried on is carried on by a person other than a company, as including references to any business, profession or vocation.
- (5) In this paragraph—
- “*associate*” has the meaning given in subsections (3) and (4) of section 417, except that in those subsections, as applied for the purposes of this paragraph, “*relative*” shall not include a brother or sister; and
- “*director*” shall be construed in accordance with subsection (5) of that section;
- “*interest in land*” means (subject to sub-paragraph (6) below)—any estate, interest or right in or over land, including any right affecting the use or disposition of land; orany right to obtain such an estate, interest or right from another which is conditional on the other’s ability to grant the estate, interest or right.
- (6) References in paragraph 4 above, in relation to an hotel, to a comparable establishment are references to a guest house, hostel or other establishment the main purpose of maintaining which is the provision of facilities for overnight accommodation (whether with or without catering services).
- (7) References in this paragraph to an interest in land do not include references to—
- (a) the interest of a creditor (other than a creditor in respect of a rentcharge) whose debt is secured by way of mortgage, an agreement for a mortgage or a charge of any kind over land; or
- (b) in the case of land in Scotland, the interest of a creditor in a charge or security of any kind over land.
### Meaning of “relevant qualifying subsidiary”
##### 5A
- (1) For the purposes of this Schedule, a company (“the subsidiary”) is a relevant qualifying subsidiary of the relevant company at any time when it falls within sub-paragraph (2) below.
- (2) The subsidiary falls within this sub-paragraph if—
- (a) the relevant company possesses not less than 90 per cent. of the issued share capital of, and not less than 90 per cent. of the voting power in, the subsidiary;
- (b) the relevant company would—
- (i) in the event of a winding up of the subsidiary, or
- (ii) in any other circumstances,
be beneficially entitled to receive not less than 90 per cent. of the assets of the subsidiary which would then be available for distribution to the equity holders of the subsidiary;
- (c) the relevant company is beneficially entitled to not less than 90 per cent. of any profits of the subsidiary which are available for distribution to the equity holders of the subsidiary;
- (d) no person other than the relevant company has control of the subsidiary within the meaning of section 840; and
- (e) no arrangements are in existence by virtue of which any of the conditions in paragraphs (a) to (d) above would cease to be met.
- (3) Sub-paragraphs (4) to (4C) and (5) of paragraph 10 below apply in relation to sub-paragraph (2) of this paragraph as they apply in relation to sub-paragraph (3) of that paragraph, but with the following modification.
- (4) That modification is that sub-paragraph (5) of that paragraph is to be read as if the words “or (as the case may be) by another subsidiary of that company” were omitted.
- (5) For the purposes of this paragraph—
- (a) the persons who are equity holders of the subsidiary, and
- (b) the percentage of the assets of the subsidiary to which an equity holder would be entitled,
shall be determined in accordance with paragraphs 1 and 3 of Schedule 18.
- (6) But in making that determination—
- (a) references in paragraph 3 of that Schedule to the first company are to be read as references to an equity holder, and
- (b) references in that paragraph to a winding up are to be read as including references to any other circumstances in which assets of the subsidiary are available for distribution to its equity holders.
### Requirements as to the money raised by the investment in question
##### 6
- (1) The requirements of this paragraph are that either—
- (a) at least 80% of the money raised by the issue of the relevant holding must—
- (i) have been employed wholly for the purposes of the trade by reference to which the requirements of paragraph 3(3) above are satisfied; or
- (ii) be money which is intended to be employed wholly for the purposes of that trade; or
- (b) all of the money so raised must have been employed as mentioned in paragraph (a)(i) above.
- (2) For the purposes of this Schedule—
- (a) the requirements of sub-paragraph (1) above shall not be capable of being satisfied by virtue of paragraph (a)(ii) of that sub-paragraph at any time after 12 months have expired from the trading time, and
- (b) the requirements of that sub-paragraph shall not be capable of being satisfied by virtue of paragraph (a)(i) of that sub-paragraph at any time after 24 months have expired from the trading time.
- (2AA) In sub-paragraph (2) above, “*the trading time*” means whichever is applicable of the following—
- (a) in a case where the requirements of sub-paragraph (3) of paragraph 3 above were satisfied in relation to the time when the relevant holding was issued by virtue of paragraph (a) of that sub-paragraph, that time; and
- (b) in a case where they were satisfied in relation to that time by virtue of paragraph (b) of that sub-paragraph, the time when the condition in paragraph 3(4)(a) above was satisfied.
- (2AB) The requirements of this paragraph are not satisfied if either of the following, namely—
- (a) the trade by reference to which the requirements of paragraph 3(3) above are satisfied, and
- (b) any preparations for that trade falling within paragraph 3(3)(b) above,
are carried on, at any time after the issue of the relevant holding, by a person other than the relevant company or a relevant qualifying subsidiary of that company.
- (2AC) Sub-paragraph (2AD) below applies where preparations mentioned in sub-paragraph (2AB)(b) above are carried on by the relevant company or a relevant qualifying subsidiary of that company at any time after the issue of the relevant holding.
- (2AD) Where this sub-paragraph applies, the requirements of this paragraph are not to be regarded, by virtue of sub-paragraph (2AB) above, as failing to be satisfied by reason only of the carrying on of the trade mentioned in sub-paragraph (2AB)(a) above by a person other than—
- (a) the relevant company, or
- (b) a qualifying subsidiary of that company,
at any time after the issue of the relevant holding but before the relevant company or any relevant qualifying subsidiary of that company carries on that trade.
- (2AE) The requirements of this paragraph are not to be regarded, by virtue of sub-paragraph (2AB) above, as failing to be satisfied by reason only of the carrying on of the trade mentioned in sub-paragraph (2AB)(a) above—
- (a) by the partners in a partnership of which the relevant company, or a relevant qualifying subsidiary of that company, is a member, or
- (b) by the parties to a joint venture to which the relevant company, or a relevant qualifying subsidiary of that company, is a party.
- (2AF) The requirements of this paragraph are not to be regarded, by virtue of sub-paragraph (2AB) above, as failing to be satisfied if—
- (a) by reason only of anything done as a consequence of the relevant company or any other company being in administration or receivership, or
- (b) by reason only of the relevant company or any other company being wound up or dissolved without winding up,
the trade mentioned in sub-paragraph (2AB)(a) above ceases to be carried on by the relevant company or a relevant qualifying subsidiary of that company and is subsequently carried on by a person who has not been connected, at any time after the date which is one year before the issue of the relevant holding, with the relevant company.
- (2AG) Sub-paragraph (2AF) above applies only if (as the case may be)—
- (a) the entry into administration or receivership and everything done as a consequence of the company concerned being in administration or receivership, or
- (b) the winding up or dissolution,
is for bona fide commercial reasons and is not part of a scheme or arrangement the main purpose of which or one of the main purposes of which is the avoidance of tax.
- (2AH) Sub-paragraph (2) of paragraph 11A below applies for the purposes of sub-paragraphs (2AF) and (2AG) above as it applies for the purpose of that paragraph.
- (3) For the purposes of this paragraph money shall not be treated as employed otherwise than wholly for the purposes of a trade if the only amount employed for other purposes is an amount which is not a significant amount; and nothing in paragraph 1(3) above shall require any money whose use is disregarded by virtue of this sub-paragraph to be treated as raised by a different holding.
- (4) References in this paragraph to employing money for the purposes of a trade shall include references to employing it for the purpose of preparing for the carrying on of the trade.
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Requirement imposing a maximum on qualifying investments in the relevant company
##### 7
- (1) The requirement of this paragraph is that the relevant holding did not, when it was issued, represent an investment in excess of the maximum qualifying investment for the relevant period.
- (2) Subject to sub-paragraph (4) below, the maximum qualifying investment for any period is exceeded to the extent that the aggregate amount of money raised in that period by the issue to the trust company during that period of shares in or securities of the relevant company exceeds £1 million.
- (3) Any question for the purposes of this paragraph as to whether any shares in or securities of the relevant company which are for the time being held by the trust company represent an investment in excess of the maximum qualifying investment for any period shall be determined on the assumption, in relation to disposals by the trust company, that, as between shares or securities of the same description, those representing the whole or any part of the excess are disposed of before those which do not.
- (4) Where—
- (a) at the time of the issue of the relevant holding the relevant company or any of its qualifying subsidiaries was a member of a partnership or a party to a joint venture,
- (b) the trade by virtue of which the requirements of paragraph 3(3) above are satisfied was at that time being carried on, or to be carried on, by those partners in partnership or by the parties to the joint venture as such, and
- (c) the other partners or parties to the joint venture include at least one other company,
this paragraph shall have effect in relation to the relevant company as if the sum of money for the time being specified in sub-paragraph (2) above were to be divided by the number of companies (including the relevant company) which, at the time when the relevant holding was issued, were members of the partnership or, as the case may be, parties to the joint venture.
- (5) For the purposes of this paragraph the relevant period is the period beginning with whichever is the earlier of—
- (a) the time six months before the issue of the relevant holding; and
- (b) the beginning of the year of assessment in which the issue of that holding took place.
### Requirement as to the assets of the relevant company
##### 8
- (1) The requirement of this paragraph is that the value of the relevant assets—
- (a) did not exceed £7 million immediately before the issue of the relevant holding; and
- (b) did not exceed £8 million immediately afterwards.
- (2) Subject to sub-paragraph (3) below, the reference in sub-paragraph (1) above to the value of the relevant assets is a reference—
- (a) in relation to a time when the relevant company did not have any qualifying subsidiaries, to the value of the gross assets of that company at that time; and
- (b) in relation to any other time, to the aggregate value at that time of the gross assets of all the companies in the relevant company’s group.
- (3) For the purposes of this paragraph assets of any member of the relevant company’s group that consist in rights against, or in shares in or securities of, another member of the group shall be disregarded.
- (4) In this paragraph references, in relation to any time, to the relevant company’s group are references to the relevant company and its qualifying subsidiaries at that time.
### Requirements as to the subsidiaries etc. of the relevant company
##### 9
- (1) The requirements of this paragraph are that . . . the relevant company must not be—
- (a) a company which controls (whether on its own or together with any person connected with it) any company that is not a qualifying subsidiary of the relevant company; or
- (b) a company which is under the control of another company (or of another company and a person connected with the other company);
and arrangements must not be in existence by virtue of which the relevant company could fall within paragraph (a) or (b) above.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Meaning of “qualifying subsidiary”
##### 10
- (1) Subject to the following provisions of this paragraph, a company is a qualifying subsidiary of the relevant company for the purposes of this Schedule if—
- (a) the company in question (“the subsidiary”), and
- (b) where the relevant company has more than one subsidiary, every other subsidiary of the relevant company,
is a company falling within sub-paragraph (3) below.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) The subsidiary falls within this sub-paragraph if—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (ca) the subsidiary is a 51 per cent. subsidiary of the relevant company;
- (d) no person other than the relevant company or another of its subsidiaries has control of the subsidiary within the meaning of section 840; and
- (e) no arrangements are in existence by virtue of which either of the conditions in paragraphs (ca) and (d) above would cease to be met.
- (4) The subsidiary shall not be regarded, at a time when it or any other company is being wound up, as having ceased on that account to be a company falling within sub-paragraph (3) above if . . . —
- (a) . . . it would fall within that sub-paragraph apart from the winding up; and
- (b) . . . the winding up is for bona fide commercial reasons and is not part of a scheme or arrangement the main purpose of which, or one of the main purposes of which, is the avoidance of tax.
- (4A) Sub-paragraph (4B) below applies at a time when the subsidiary or any other company is in administration or receivership.
- (4B) The subsidiary shall not be regarded, by reason only of anything done as a consequence of the company concerned being in administration or receivership, as having ceased to be a company falling within sub-paragraph (3) above if—
- (a) the entry into administration or receivership, and
- (b) everything done as a consequence of the company concerned being in administration or receivership,
is for bona fide commercial reasons and is not part of a scheme or arrangement the main purpose of which or one of the main purposes of which is the avoidance of tax.
- (4C) Sub-paragraph (2) of paragraph 11A below applies for the purposes of sub-paragraphs (4A) and (4B) above as it applies for the purpose of that paragraph.
- (5) The subsidiary shall not be regarded, at any time when arrangements are in existence for the disposal by the relevant company, or (as the case may be) by another subsidiary of that company, of all its interest in the subsidiary in question, as having ceased on that account to be a company falling within sub-paragraph (3) above if . . . the disposal is to be for bona fide commercial reasons and is not to be part of a scheme or arrangement the main purpose of which, or one of the main purposes of which, is the avoidance of tax.
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Requirement as to property managing subsidiaries
##### 10ZA
- (1) The requirement of this paragraph is that the relevant company must not have a property managing subsidiary which is not a relevant qualifying subsidiary of the relevant company.
- (2) “*Property managing subsidiary*” means a qualifying subsidiary of the relevant company whose business consists wholly or mainly in the holding or managing of land or any property deriving its value from land.
- (3) In sub-paragraph (2) above, “*land*” and “*property deriving its value from land*” have the same meaning as in section 776.
### Requirement that securities should not relate to a guaranteed loan
##### 10A
- (1) The requirement of this paragraph is that there are no securities relating to a guaranteed loan in the relevant holding.
- (2) For the purposes of this paragraph a security relates to a guaranteed loan if (and only if) there are arrangements for the trust company to be or become entitled, in the event of a failure by any person to comply with—
- (a) the terms of the loan to which the security relates, or
- (b) the terms of the security,
to receive anything (whether directly or indirectly) from a third party.
- (3) For the purposes of sub-paragraph (2) above it shall be immaterial whether the arrangements apply in all cases of a failure to comply or only in certain such cases.
- (4) For the purposes of this paragraph “*third party*” means any person except—
- (a) the relevant company; and
- (b) if the relevant company is the parent company of a trading group for the purposes of paragraph 3 above, the subsidiaries of the relevant company.
### Requirement that a proportion of the holding in each company must be eligible shares
##### 10B
- (1) The requirement of this paragraph is that eligible shares represent at least 10 per cent. by value of the totality of the shares in or securities of the relevant company (including the relevant holding) which are held by the trust company.
- (2) For the purposes of this paragraph the value at any time of any shares in or securities of a company shall be taken (subject to sub-paragraph (4) below) to be their value immediately after—
- (a) any relevant event occurring at that time; or
- (b) where no relevant event occurs at that time, the last relevant event to occur before that time.
- (3) In sub-paragraph (2) above “*relevant event*”, in relation to any shares in or securities of the relevant company, means—
- (a) the acquisition by the trust company of those shares or securities;
- (b) the acquisition by the trust company of any other shares in or securities of the relevant company which—
- (i) are of the same description as those shares or securities, and
- (ii) are acquired otherwise than by virtue of being allotted to the trust company without that company’s becoming liable to give any consideration;
or
- (c) the making of any such payment in discharge, in whole or in part, of any obligation attached to any shares in or securities of the relevant company held by the trust company as (by discharging that obligation) increases the value of any such shares or securities.
- (4) If at any time the value of any shares or securities held by the trust company is less than the amount of the consideration given by the trust company for those shares or securities, it shall be assumed for the purposes of this paragraph that the value of those shares or securities at that time is equal to the amount of that consideration.
- (5) In this paragraph “*eligible shares*” has the same meaning as in section 842AA.
### Acquisitions for restructuring purposes
##### 10C
- (1) This paragraph applies where—
- (a) arrangements are made for a company (“*the new company*”) to acquire all the shares (“*old shares*”) in another company (“*the old company*”);
- (b) the acquisition provided for by the arrangements falls within sub-paragraph (2) below; and
- (c) the Board have, before any exchange of shares takes place under the arrangements, given an approval notification.
- (2) An acquisition of shares falls within this sub-paragraph if—
- (a) the consideration for the old shares consists wholly of the issue of shares (“*new shares*”) in the new company;
- (b) new shares are issued in consideration of old shares only at times when there are no issued shares in the new company other than subscriber shares and new shares previously issued in consideration of old shares;
- (c) the consideration for new shares of each description consists wholly of old shares of the corresponding description; and
- (d) new shares of each description are issued to the holders of old shares of the corresponding description in respect of, and in proportion to, their holdings.
- (3) For the purposes of sub-paragraph (1)(c) above an approval notification is one which, on an application by either the old company or the new company, is given to the applicant company and states that the Board are satisfied that the exchange of shares under the arrangements—
- (a) will be effected for bona fide commercial reasons; and
- (b) will not form part of any such scheme or arrangements as are mentioned in section 137(1) of the 1992 Act.
- (4) If the requirements of paragraph 3 above were satisfied in relation to the old company and any old shares immediately before the beginning of the period for giving effect to the arrangements, then (to the extent that it would not otherwise be the case) those requirements shall be deemed to be satisfied in relation to the new company and the matching new shares at all times which—
- (a) fall in that period; and
- (b) do not fall after a time when (apart from the arrangements) those requirements would have ceased by virtue of—
- (i) sub-paragraph (4) or (5) of that paragraph, or
- (ii) any cessation of a trade by any company,
to be satisfied in relation to the old company and the matching old shares.
- (5) For the purposes of paragraph 3 above the period of two years mentioned in sub-paragraph (4) of that paragraph shall be deemed, in the case of any new shares, to expire at the same time as it would have expired (or by virtue of this sub-paragraph would have been deemed to expire) in the case of the matching old shares.
- (6) Subject to sub-paragraph (7) below, where—
- (a) there is an exchange under the arrangements of any new shares for any old shares, and
- (b) those old shares are shares in relation to which the requirements of paragraphs 6 and 8 above were (or were deemed to be) satisfied to any extent immediately before the exchange,
those requirements shall be deemed, at all times after that time, to be satisfied to the same extent in relation to the matching new shares.
- (7) Where there is a time following any exchange under the arrangements of any new shares for any old shares when (apart from the arrangements) the requirements of paragraph 6 above would have ceased under—
- (a) sub-paragraph (2) of that paragraph, or
- (b) this sub-paragraph,
to be satisfied in relation to those old shares, those requirements shall cease at that time to be satisfied in relation to the matching new shares.
- (8) For the purposes of paragraph 7 above any new shares acquired under the arrangements shall be deemed to represent an investment which—
- (a) raised the same amount of money as was raised (or, by virtue of this sub-paragraph, is deemed to have been raised) by the issue of the matching old shares, and
- (b) raised that amount by an issue of shares in the new company made at the time when the issue of the matching old shares took place (or, as the case may be, is deemed to have taken place).
- (9) In determining whether the requirements of paragraph 9 above are satisfied in relation to the old company or the new company at a time in the period for giving effect to the arrangements, both—
- (a) the arrangements themselves, and
- (b) any exchange of new shares for old shares that has already taken place under the arrangements,
shall be disregarded.
- (10) For the purposes of paragraph 10B above the value of the new shares, both immediately after the time of their acquisition and immediately after the time of any subsequent relevant event occurring by virtue of the arrangements, shall be taken to be the same as the value, when last valued in accordance with that paragraph, of the old shares for which they are exchanged.
- (11) Nothing in this paragraph shall deem any of the requirements of this Schedule to be satisfied in relation to any new shares unless the matching old shares were first issued to the trust company and have been held by that company from the time when they were issued until they are acquired by the new company.
- (12) References in this paragraph to the period for giving effect to the arrangements are references to the period which—
- (a) begins with the time when those arrangements first came into existence; and
- (b) ends with the time when the new company completes its acquisition under the arrangements of all the old shares.
- (13) If, at any time after the arrangements first came into existence and before the new company has acquired all the old shares, the arrangements—
- (a) cease to be arrangements for the acquisition of all the old shares by the new company, or
- (b) cease to be arrangements for an acquisition falling within sub-paragraph (2) above,
this paragraph shall not deem any requirement of this Schedule to be satisfied, and sub-paragraph (10) above shall not apply, in the case of any new shares at any time after the arrangements have so ceased.
- (14) Subject to sub-paragraph (15) below, references in this paragraph, except in the expression “subscriber shares”, to shares in a company include references to any securities of that company.
- (15) For the purposes of this paragraph, a relevant security of the old company shall not be treated as a security of that company if—
- (a) the arrangements do not provide for the acquisition of the security by the new company; or
- (b) such treatment prevents sub-paragraph (1)(b) above from being satisfied in connection with the arrangements.
- (16) In sub-paragraph (15) above “*relevant security*” means an instrument which is a security for the purposes of this Schedule by reason only of section 842AA(12).
- (17) For the purposes of this paragraph—
- (a) old shares and new shares are of a corresponding description if, were they shares in the same company, they would be of the same description; and
- (b) old shares and new shares are matching shares in relation to each other if the old shares are the shares for which those new shares are exchanged under the arrangements.
### Conversion of convertible shares and securities
##### 10D
- (1) This paragraph applies where—
- (a) shares have been issued to the trust company by virtue of the exercise by that company of any right of conversion attached to other shares, or securities, held by that company (“*the convertibles*”);
- (b) the shares so issued are in the same company as the convertibles to which the right was attached;
- (c) the convertibles to which the right was attached were first issued to the trust company and were held by that company from the time they were issued until converted; and
- (d) the right was attached to the convertibles when they were first so issued and was not varied before it was exercised.
- (2) Sub-paragraphs (5) to (8) of paragraph 10C above shall apply in relation to the exchange of convertibles for shares by virtue of the exercise of the right of conversion as if—
- (a) that exchange were an exchange under any such arrangements as are mentioned in that paragraph of new shares for old shares; and
- (b) the references in those sub-paragraphs and sub-paragraph (17)(b) of that paragraph to the arrangements were references to the provision conferring the right of conversion.
- (3) For the purposes of paragraph 10B above the value of the new shares immediately after the time of their acquisition by the trust company shall be taken to be the same as the value, when last valued in accordance with that paragraph, of the convertibles for which they are exchanged.
### Winding up of the relevant company
##### 11
None of the requirements of this Schedule shall be regarded, at a time when the relevant company is being wound up, as being, on that account, a requirement that is not satisfied in relation to that company if . . . —
- (a) . . . the requirements of this Schedule would be satisfied in relation to that company apart from the winding up; and
- (b) . . . the winding up is for bona fide commercial reasons and is not part of a scheme or arrangement the main purpose of which, or one of the main purposes of which, is the avoidance of tax.
### Company in administration or receivership
##### 11A
- (1) A company which is in administration or receivership shall not be regarded as ceasing to comply with paragraph 3(2) or (3) by reason only of anything done as a consequence of its being in administration or receivership.
- (2) For this purpose—
- (a) a company is “in administration” if it is in administration within the meaning of Schedule B1 to the Insolvency Act 1986, or there is in force in relation to it—
- (i) an administration order under Part III of the Insolvency (Northern Ireland) Order 1989, or
- (ii) any corresponding order under the law of a country or territory outside the United Kingdom; and
- (b) a company is “in receivership" if there is in force in relation to it—
- (i) an order for the appointment of an administrative receiver, a receiver and manager or a receiver under Chapter I or II of Part III of the Insolvency Act 1986 or Part IV of the Insolvency (Northern Ireland) Order 1989, or
- (ii) any corresponding order under the law of a country or territory outside the United Kingdom.
- (3) This paragraph applies only if—
- (a) the entry into administration or receivership, and
- (b) everything done as a consequence of the company being in administration or receivership,
is for bona fide commercial reasons and is not part of a scheme or arrangement the main purpose or one of the main purposes of which is the avoidance of tax.
### Company reorganisations etc. involving exchange of shares
##### 11B
- (1) The Treasury may by regulations make provision for cases where—
- (a) a holding of shares or securities that meets the requirements of this Schedule is exchanged for other shares or securities,
- (b) the exchange is made for bona fide commercial reasons and does not form part of a scheme or arrangements of which the main purpose, or one of the main purposes, is the avoidance of tax, and
- (c) the new shares or securities do not meet some or all of the requirements of this Schedule,
providing that the new shares or securities shall be treated as meeting those requirements.
- (2) The references in sub-paragraph (1) to an exchange of shares or securities include any form of company reorganisation or other arrangement which involves a holder of shares or securities in a company receiving other shares or securities—
- (a) whether the original shares or securities are transferred, cancelled or retained, and
- (b) whether the new shares or securities are in the same or another company.
- (3) The regulations shall specify—
- (a) the cases in which, and conditions subject to which, they apply,
- (b) which requirements of this Schedule are to be treated as met, and
- (c) the period for which those requirements are to be treated as met.
- (4) The regulations may contain such administrative provisions (including provision for advance clearances) as appear to the Treasury to be necessary or expedient.
- (5) The regulations may authorise the Board to give notice to any person requiring him to provide such information, specified in the notice, as they may reasonably require in order to determine whether any conditions imposed by the regulations are met.
- (6) Regulations under this paragraph—
- (a) may make different provision for different cases,
- (b) may include such supplementary, incidental and transitional provisions as appear to the Treasury to be appropriate, and
- (c) may include provision having retrospective effect.
### Power to amend Schedule
##### 12
The Treasury may by order amend this Schedule for any or all of the following purposes, that is to say—
- (a) to make such modifications of paragraphs 3 to 5 above as they may consider expedient;
- (b) to substitute different sums for the sums of money for the time being specified in paragraphs 7(2) and 8(1) above.
### General interpretation
##### 13
- (1) Subject to paragraph 10C(15) above, in this Schedule—
- “*debenture*” has the meaning given by section 744 of the Companies Act 1985; and
- “*securities*” has the same meaning as in section 842AA;
and references in this Schedule to the issue of any securities, in relation to any security consisting in a liability in respect of an unsecured loan, shall have effect as references to the making of the loan.
- (2) For the purposes of paragraphs 5(2) and 9 above, the question whether a person controls a company shall be determined in accordance with subsections (2) to (6) of section 416 with the modification given by sub-paragraph (3) below.
- (3) The modification is that, in determining whether a person controls a company, there shall be disregarded—
- (a) his or any other person’s possession of, or entitlement to acquire, relevant fixed-rate preference shares of the company; and
- (b) his or any other person’s possession of, or entitlement to acquire, rights as a loan creditor of the company.
- (4) Section 839 shall apply for the purposes of this Schedule, but as if the reference in subsection (8) to section 416 were a reference to subsections (2) to (6) of section 416 with the modification given by sub-paragraph (3) above.
- (5) For the purposes of sub-paragraph (3) above—
- (a) relevant fixed-rate preference shares are fixed-rate preference shares that do not for the time being carry voting rights; . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) In this paragraph “*fixed-rate preference shares*” means shares which—
- (a) were issued wholly for new consideration;
- (b) do not carry any right either to conversion into shares or securities of any other description or to the acquisition of any additional shares or securities; and
- (c) do not carry any right to dividends other than dividends which—
- (i) are of a fixed amount or at a fixed rate per cent. of the nominal value of the shares, and
- (ii) together with any sum paid on redemption, represent no more than a reasonable commercial return on the consideration for which the shares were issued;
and in paragraph (a) above “*new consideration*” has the meaning given by section 254.
##### 18A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
## Editorial notes
[^c21566881]: **EDITORIAL NOTE** The originating text of this Act is derived from the 1990 edition of The Taxes Acts edited by the Inland Revenue and published by Her Majesty's Stationery Office. The style of editing followed in older versions of the revised text may therefore differ from that applicable to most other Acts published in the online edition of the revised statutes. Any references in older footnote annotations to Vol. 1, 2 etc. are to the Volumes of that 1990 edition. References to Acts in sidenotes and footnote annotations may be abbreviated. The main abbreviations used are listed below. Where a reference to an Act consists of the year, or the year and a series number (such as "1975", or "1975 (No. 2)", etc.), without any following letter(s) in parentheses, the reference is in most cases to the Finance Act, or Finance (No. 2) Act, etc., of that year. Exceptions to this are 1952, 1970, and 1988 (as to which see the list below). **ABBREVIATIONS USED IN SIDENOTES AND FOOTNOTES** 1828 (R.S.) = [Revenue Solicitors Act 1828 (c. 25, SIF 57)](https://www.legislation.gov.uk/ukpga/1828/25) 1890 (I.R.R.) = [Inland Revenue Regulation Act 1890 (c. 21, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1890/21) 1952 = [Income Tax Act 1952 (c. 10, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1952/10) 1968 (C) = [Capital Allowances Act 1968 (c. 3)](https://www.legislation.gov.uk/ukpga/1968/3) 1970 (M) = [Taxes Management Act 1970 (c. 9, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1970/9) 1970 = [Income and Corporation Taxes Act 1970 (c. 10, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1970/10) 1970 (F) = [Finance Act 1970 (c. 24, SIF 63:1,2)](https://www.legislation.gov.uk/ukpga/1970/24) 1970 (No.2) = [Income and Corporation Taxes (No.2) Act 1970 (c. 54)](https://www.legislation.gov.uk/ukpga/1970/54) 1975 (O) = [Oil Taxation Act 1975 (c. 22)](https://www.legislation.gov.uk/ukpga/1975/22) (and similarly as respects subsequent years) 1976 (D) = [Development Land Tax Act 1976 (c. 24)](https://www.legislation.gov.uk/ukpga/1976/24) 1977 (I.T.R.) = [Finance (Income Tax Reliefs) Act 1977 (c. 53)](https://www.legislation.gov.uk/ukpga/1977/53) 1979 (C) = [Capital Gains Tax Act 1979 (c. 14, SIF 63:2)](https://www.legislation.gov.uk/ukpga/1979/14) 1984 (C) = [Capital Transfer Tax Act 1984/Inheritance Tax Act 1984 (c. 51, SIF 65)](https://www.legislation.gov.uk/ukpga/1984/51) 1988 = [Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1988/1) 1988 (F) = [Finance Act 1988 (c. 39, SIF 63:1,2)](https://www.legislation.gov.uk/ukpga/1988/39) 1990 (C) = [Capital Allowances Act 1990 (c. 1, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1990/1) O.J. = Official Journal of the European Communities SIF = Statutes in Force, the official hard-copy predecessor to the online statutes (and any following numbers refer to the relevant volume)
[^c21566891]: General amendments, modifications, etc. to Tax Acts (or Income Tax Acts or Corporation Taxes Acts as the case may be): [Taxes Management Act 1970 (c.9, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1970/9), [s. 41A(7)](https://www.legislation.gov.uk/ukpga/1970/9/section/41A/7) (as added by [Finance Act 1990 (c.29, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 95(1)(2)](https://www.legislation.gov.uk/ukpga/1990/29/section/95/1/2)); [British Telecommunications Act 1981 (c.38, SIF 96)](https://www.legislation.gov.uk/ukpga/1981/38), [s. 82(2)(7)](https://www.legislation.gov.uk/ukpga/1981/38/section/82/2/7); [Telecommunications Act 1984 (c.12, SIF 96)](https://www.legislation.gov.uk/ukpga/1984/12), [s. 72(3)](https://www.legislation.gov.uk/ukpga/1984/12/section/72/3); [Finance Act 1984 (c.43, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1984/43), [ss. 82(6)](https://www.legislation.gov.uk/ukpga/1984/43/section/82/6), [85(2)](https://www.legislation.gov.uk/ukpga/1984/43/section/85/2), [89(1)(7)](https://www.legislation.gov.uk/ukpga/1984/43/section/89/1/7), [96(1)(7)](https://www.legislation.gov.uk/ukpga/1984/43/section/96/1/7), [98(7)](https://www.legislation.gov.uk/ukpga/1984/43/section/98/7), [Sch. 9 para. 3(2)(9)](https://www.legislation.gov.uk/ukpga/1984/43/schedule/9/paragraph/3/2/9), [Sch. 16 paras. 6](https://www.legislation.gov.uk/ukpga/1984/43/schedule/16/paragraph/6), [12](https://www.legislation.gov.uk/ukpga/1984/43/schedule/16/paragraph/12); [Finance Act 1985 (c.54, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1985/54), [ss. 72(1)](https://www.legislation.gov.uk/ukpga/1985/54/section/72/1), [74(5)](https://www.legislation.gov.uk/ukpga/1985/54/section/74/5), [Sch. 23 para. 15(4)](https://www.legislation.gov.uk/ukpga/1985/54/schedule/23/paragraph/15/4); [The Income Tax (Entertainers and Sportsmen) Regulations 1987 (S.I. 1987/530)](https://www.legislation.gov.uk/uksi/1987/530), [regs. 11(2)](https://www.legislation.gov.uk/uksi/1987/530/regulation/11/2), [13(1)](https://www.legislation.gov.uk/uksi/1987/530/regulation/13/1), [14](https://www.legislation.gov.uk/uksi/1987/530/regulation/14); [Income and Corporation Taxes Act 1988 (c.1, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1988/1), [ss. 4](https://www.legislation.gov.uk/ukpga/1988/1/section/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/section/6), [7](https://www.legislation.gov.uk/ukpga/1988/1/section/7), [9](https://www.legislation.gov.uk/ukpga/1988/1/section/9), [32](https://www.legislation.gov.uk/ukpga/1988/1/section/32), [34](https://www.legislation.gov.uk/ukpga/1988/1/section/34), [78](https://www.legislation.gov.uk/ukpga/1988/1/section/78), [134](https://www.legislation.gov.uk/ukpga/1988/1/section/134), [135](https://www.legislation.gov.uk/ukpga/1988/1/section/135), [141](https://www.legislation.gov.uk/ukpga/1988/1/section/141), [142](https://www.legislation.gov.uk/ukpga/1988/1/section/142), [185](https://www.legislation.gov.uk/ukpga/1988/1/section/185), [191](https://www.legislation.gov.uk/ukpga/1988/1/section/191), [193](https://www.legislation.gov.uk/ukpga/1988/1/section/193), [194](https://www.legislation.gov.uk/ukpga/1988/1/section/194), [195](https://www.legislation.gov.uk/ukpga/1988/1/section/195), [200](https://www.legislation.gov.uk/ukpga/1988/1/section/200), [203](https://www.legislation.gov.uk/ukpga/1988/1/section/203), [209](https://www.legislation.gov.uk/ukpga/1988/1/section/209), [212](https://www.legislation.gov.uk/ukpga/1988/1/section/212), [213](https://www.legislation.gov.uk/ukpga/1988/1/section/213), [219](https://www.legislation.gov.uk/ukpga/1988/1/section/219), [247](https://www.legislation.gov.uk/ukpga/1988/1/section/247), [253](https://www.legislation.gov.uk/ukpga/1988/1/section/253), [272](https://www.legislation.gov.uk/ukpga/1988/1/section/272), [287](https://www.legislation.gov.uk/ukpga/1988/1/section/287), [314](https://www.legislation.gov.uk/ukpga/1988/1/section/314), [315](https://www.legislation.gov.uk/ukpga/1988/1/section/315), [317](https://www.legislation.gov.uk/ukpga/1988/1/section/317), [318](https://www.legislation.gov.uk/ukpga/1988/1/section/318), [325](https://www.legislation.gov.uk/ukpga/1988/1/section/325), [326](https://www.legislation.gov.uk/ukpga/1988/1/section/326), [327](https://www.legislation.gov.uk/ukpga/1988/1/section/327), [345](https://www.legislation.gov.uk/ukpga/1988/1/section/345), [350](https://www.legislation.gov.uk/ukpga/1988/1/section/350), [351](https://www.legislation.gov.uk/ukpga/1988/1/section/351), [368](https://www.legislation.gov.uk/ukpga/1988/1/section/368), [375](https://www.legislation.gov.uk/ukpga/1988/1/section/375), [381](https://www.legislation.gov.uk/ukpga/1988/1/section/381), [397](https://www.legislation.gov.uk/ukpga/1988/1/section/397), [414](https://www.legislation.gov.uk/ukpga/1988/1/section/414), [432](https://www.legislation.gov.uk/ukpga/1988/1/section/432), [440](https://www.legislation.gov.uk/ukpga/1988/1/section/440), [442](https://www.legislation.gov.uk/ukpga/1988/1/section/442), [446](https://www.legislation.gov.uk/ukpga/1988/1/section/446), [458](https://www.legislation.gov.uk/ukpga/1988/1/section/458), [460](https://www.legislation.gov.uk/ukpga/1988/1/section/460), [461](https://www.legislation.gov.uk/ukpga/1988/1/section/461), [463](https://www.legislation.gov.uk/ukpga/1988/1/section/463), [463(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/463/2/3) (as added by [Finance Act 1990 (c.29, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 50(2)](https://www.legislation.gov.uk/ukpga/1990/29/section/50/2)), [468](https://www.legislation.gov.uk/ukpga/1988/1/section/468), [474](https://www.legislation.gov.uk/ukpga/1988/1/section/474), [475](https://www.legislation.gov.uk/ukpga/1988/1/section/475), [486](https://www.legislation.gov.uk/ukpga/1988/1/section/486), [490](https://www.legislation.gov.uk/ukpga/1988/1/section/490), [491](https://www.legislation.gov.uk/ukpga/1988/1/section/491), [503](https://www.legislation.gov.uk/ukpga/1988/1/section/503), [511](https://www.legislation.gov.uk/ukpga/1988/1/section/511), [518](https://www.legislation.gov.uk/ukpga/1988/1/section/518), [524](https://www.legislation.gov.uk/ukpga/1988/1/section/524), [532](https://www.legislation.gov.uk/ukpga/1988/1/section/532), [544](https://www.legislation.gov.uk/ukpga/1988/1/section/544), [550](https://www.legislation.gov.uk/ukpga/1988/1/section/550), [556](https://www.legislation.gov.uk/ukpga/1988/1/section/556), [558](https://www.legislation.gov.uk/ukpga/1988/1/section/558), [569](https://www.legislation.gov.uk/ukpga/1988/1/section/569), [572](https://www.legislation.gov.uk/ukpga/1988/1/section/572), [582](https://www.legislation.gov.uk/ukpga/1988/1/section/582), [595](https://www.legislation.gov.uk/ukpga/1988/1/section/595), [601](https://www.legislation.gov.uk/ukpga/1988/1/section/601), [613](https://www.legislation.gov.uk/ukpga/1988/1/section/613), [617](https://www.legislation.gov.uk/ukpga/1988/1/section/617), [619](https://www.legislation.gov.uk/ukpga/1988/1/section/619), [621](https://www.legislation.gov.uk/ukpga/1988/1/section/621), [639](https://www.legislation.gov.uk/ukpga/1988/1/section/639), [656](https://www.legislation.gov.uk/ukpga/1988/1/section/656), [660](https://www.legislation.gov.uk/ukpga/1988/1/section/660), [663](https://www.legislation.gov.uk/ukpga/1988/1/section/663), [676](https://www.legislation.gov.uk/ukpga/1988/1/section/676), [689](https://www.legislation.gov.uk/ukpga/1988/1/section/689), [691](https://www.legislation.gov.uk/ukpga/1988/1/section/691), [694](https://www.legislation.gov.uk/ukpga/1988/1/section/694), [700](https://www.legislation.gov.uk/ukpga/1988/1/section/700), [701](https://www.legislation.gov.uk/ukpga/1988/1/section/701), [714](https://www.legislation.gov.uk/ukpga/1988/1/section/714), [716](https://www.legislation.gov.uk/ukpga/1988/1/section/716), [739](https://www.legislation.gov.uk/ukpga/1988/1/section/739), [743](https://www.legislation.gov.uk/ukpga/1988/1/section/743), [754](https://www.legislation.gov.uk/ukpga/1988/1/section/754), [763](https://www.legislation.gov.uk/ukpga/1988/1/section/763), [776](https://www.legislation.gov.uk/ukpga/1988/1/section/776), [780](https://www.legislation.gov.uk/ukpga/1988/1/section/780), [781](https://www.legislation.gov.uk/ukpga/1988/1/section/781), [782](https://www.legislation.gov.uk/ukpga/1988/1/section/782), [787](https://www.legislation.gov.uk/ukpga/1988/1/section/787), [789](https://www.legislation.gov.uk/ukpga/1988/1/section/789), [811](https://www.legislation.gov.uk/ukpga/1988/1/section/811), [828](https://www.legislation.gov.uk/ukpga/1988/1/section/828), [829](https://www.legislation.gov.uk/ukpga/1988/1/section/829), [832](https://www.legislation.gov.uk/ukpga/1988/1/section/832), [833](https://www.legislation.gov.uk/ukpga/1988/1/section/833), [834](https://www.legislation.gov.uk/ukpga/1988/1/section/834), [835](https://www.legislation.gov.uk/ukpga/1988/1/section/835), [837](https://www.legislation.gov.uk/ukpga/1988/1/section/837), [838](https://www.legislation.gov.uk/ukpga/1988/1/section/838), [839](https://www.legislation.gov.uk/ukpga/1988/1/section/839), [840](https://www.legislation.gov.uk/ukpga/1988/1/section/840), [841](https://www.legislation.gov.uk/ukpga/1988/1/section/841), [842](https://www.legislation.gov.uk/ukpga/1988/1/section/842), [Sch. 2 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/2/paragraph/5), [Sch. 4 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4/paragraph/5), [Sch. 13 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/10), [Sch. 16 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/10), [Sch. 21 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/21/paragraph/6), [Sch. 26 para. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1), [Sch. 27 para. 20](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/20); [Finance Act 1988 (c.39, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1988/39), [ss. 66](https://www.legislation.gov.uk/ukpga/1988/39/section/66), [127(1)(6)](https://www.legislation.gov.uk/ukpga/1988/39/section/127/1/6), [Sch. 12 para. 6](https://www.legislation.gov.uk/ukpga/1988/39/schedule/12/paragraph/6); [Electricity Act 1989 (c. 29, SIF 44:1)](https://www.legislation.gov.uk/ukpga/1989/29), [s. 90](https://www.legislation.gov.uk/ukpga/1989/29/section/90), [Sch. 11 para. 8(2)](https://www.legislation.gov.uk/ukpga/1989/29/schedule/11/paragraph/8/2); [S.I. 1990/117](https://www.legislation.gov.uk/uksi/1990/117), [art. 3](https://www.legislation.gov.uk/uksi/1990/117/article/3), [Sch. 1](https://www.legislation.gov.uk/uksi/1990/117/schedule/1); [Capital Allowances Act 1990 (c.1, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1990/1), [ss. 28(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/28/1), [68(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/68/8), [74](https://www.legislation.gov.uk/ukpga/1988/1/section/74), [82](https://www.legislation.gov.uk/ukpga/1988/1/section/82), [83(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/83/5), [148(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/148/5), [163(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/163/4), [164(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/164/2); [S.I. 1990/627](https://www.legislation.gov.uk/uksi/1990/627); [Finance Act 1990 (c.29, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 25(10)](https://www.legislation.gov.uk/ukpga/1990/29/section/25/10); [Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 84(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3) (having effect with respect to gifts made on or after 19.3.1991), s. 587A(2)(3) (with application as referred to in [Finance Act 1991 (c.31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 54](https://www.legislation.gov.uk/ukpga/1991/31/section/54), [Sch. 12 para. 5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/12/paragraph/5) (if the new securities are issued on or after 19.3.1991)), [s. 736A](https://www.legislation.gov.uk/ukpga/1988/1/section/736A), [Sch. 23A paras. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/2), [3(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/3/2), [4(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/4), [5(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/5/2), [7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1); [Ports Act 1991 (c. 52, SIF 58)](https://www.legislation.gov.uk/ukpga/1991/52), [s. 35(8)](https://www.legislation.gov.uk/ukpga/1991/52/section/35/8); [The Official Listing of Securities (Change of Competent Authority) Regulations 1991 (S.I. 1991/2000)](https://www.legislation.gov.uk/uksi/1991/2000), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1991/2000/regulation/1/1), [4(5)](https://www.legislation.gov.uk/uksi/1991/2000/regulation/4/5); [British Technology Group Act 1991 (c.66, SIF 64)](https://www.legislation.gov.uk/ukpga/1991/66), [s.12(1)(3)(4)](https://www.legislation.gov.uk/ukpga/1991/66/section/12/1/3/4); [S.I. 1991/2721](https://www.legislation.gov.uk/uksi/1991/2721), [art.2](https://www.legislation.gov.uk/uksi/1991/2721/article/2); [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1 reg. 28](https://www.legislation.gov.uk/uksi/1979/591/schedule/1/regulation/28) (as substituted by [S.I. 1992/97](https://www.legislation.gov.uk/uksi/1992/97), [reg. 18](https://www.legislation.gov.uk/uksi/1992/97/regulation/18)); [Social Security Contributions and Benefits Act 1992 (c. 4)](https://www.legislation.gov.uk/ukpga/1992/4), [ss. 16](https://www.legislation.gov.uk/ukpga/1992/4/section/16), [177(4)](https://www.legislation.gov.uk/ukpga/1992/4/section/177/4), [Sch.2](https://www.legislation.gov.uk/ukpga/1992/4/schedule/2) (with [s. 108(5)](https://www.legislation.gov.uk/ukpga/1992/4/section/108/5)); [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 209(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/209/3), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)) (with effect for the year 1992-93 and subsequent years of assessment); [The Lloyd's Underwriters (Tax) (1989-90) Regulations 1992 (S.I. 1992/511)](https://www.legislation.gov.uk/uksi/1992/511), [reg.3](https://www.legislation.gov.uk/uksi/1992/511/regulation/3) (with effect for the year of assessment 1989-90); [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 66](https://www.legislation.gov.uk/ukpga/1992/48/section/66), [77](https://www.legislation.gov.uk/ukpga/1992/48/section/77), [Sch. 12 paras. 6(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/12/paragraph/6/2), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/12/paragraph/7), [Sch. 17 para.9](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/9); [The Lloyd's Underwriters (Tax) (1990-91) Regulations 1993 (S.I. 1993/415)](https://www.legislation.gov.uk/uksi/1993/415), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1993/415/regulation/1/1), [3(1)](https://www.legislation.gov.uk/uksi/1993/415/regulation/3/1) (with effect for the year of assessment 1990-91); [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 78(3)-(5)](https://www.legislation.gov.uk/ukpga/1993/34/section/78/3), [118(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/118/1), [146(2)(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/146/2/3), [165](https://www.legislation.gov.uk/ukpga/1993/34/section/165), [175](https://www.legislation.gov.uk/ukpga/1993/34/section/175), [Sch. 20 paras. 8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/20/paragraph/8), [9(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/20/paragraph/9/1); [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 172(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/172/1), [176(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/1), [179(4)(5)](https://www.legislation.gov.uk/ukpga/1993/34/section/179/4/5), [180(1)(a)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/180/1/a/2), [182(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/182/2), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3) (with effect for the year 1992-93 and subsequent years of assessment); [Agriculture Act 1993 (c. 37)](https://www.legislation.gov.uk/ukpga/1993/37), [ss. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [36](https://www.legislation.gov.uk/ukpga/1993/37/section/36), [Sch. 2](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2), [paras. 1](https://www.legislation.gov.uk/ukpga/1993/37/paragraph/1), [2(1)](https://www.legislation.gov.uk/ukpga/1993/37/paragraph/2/1), [3(2)](https://www.legislation.gov.uk/ukpga/1993/37/paragraph/3/2), [16(2)(a)](https://www.legislation.gov.uk/ukpga/1993/37/paragraph/16/2/a), [Sch. 4 para. 1(1)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/4/paragraph/1/1); [The Income Tax (Manufactured Overseas Dividends) Regulations 1993 (S.I. 1993/2004)](https://www.legislation.gov.uk/uksi/1993/2004), [regs. 1](https://www.legislation.gov.uk/uksi/1993/2004/regulation/1), [4(1)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/4/1) , [5(1)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/5/1), [7(1)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/7/1), [8](https://www.legislation.gov.uk/uksi/1993/2004/regulation/8), [11(7)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/11/7); [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 139(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/139/1/2), [173(2)(b)(4)(a)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/173/2/b/4/a/b), [174](https://www.legislation.gov.uk/ukpga/1994/9/section/174), [Sch. 25 paras. 2](https://www.legislation.gov.uk/ukpga/1994/9/schedule/25/paragraph/2), [6(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/25/paragraph/6/1/2); [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(1)(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/1/3), [Sch. 24 paras. 1(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/1/4), [12(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/12/2), [15(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/15/1/b), [18(1)-(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/18/1), [20(1)(a)(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/20/1/a/3), [25(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/25/1) (with retrospective effect to 11.1.1994); [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [ss. 21](https://www.legislation.gov.uk/ukpga/1994/21/section/21), [68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 paras. 11(1)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/11/1), [14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14), [17(2)-(4)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/17/2), [19(1)(a)(3)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/19/1/a/3); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule); [The Lloyd's Underwriters (Tax) (1991-92) Regulations 1994 (S.I. 1994/728)](https://www.legislation.gov.uk/uksi/1994/728), [reg.3](https://www.legislation.gov.uk/uksi/1994/728/regulation/3) (with effect for the year of assessment 1991-92); [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [ss. 152](https://www.legislation.gov.uk/ukpga/1995/4/section/152), [157(12)](https://www.legislation.gov.uk/ukpga/1995/4/section/157/12); [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 154](https://www.legislation.gov.uk/ukpga/1995/4/section/154) (with retrospective effect to 29.11.1994); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [Sch. 5A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5A) (as inserted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 85(2)(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/85/2/3), [Sch. 19](https://www.legislation.gov.uk/ukpga/1995/4/schedule/19)); [Crown Agents Act 1995 (c. 24)](https://www.legislation.gov.uk/ukpga/1995/24), [s. 7(3)-(5)](https://www.legislation.gov.uk/ukpga/1995/24/section/7/3); [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [s. 8](https://www.legislation.gov.uk/ukpga/1995/37/section/8), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/1), [2](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/2), [7](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/7), [13](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/13); [Gas Act 1995 (c. 45)](https://www.legislation.gov.uk/ukpga/1995/45), [s. 17(1)(2)](https://www.legislation.gov.uk/ukpga/1995/45/section/17/1/2), [Sch. 5 paras. 1](https://www.legislation.gov.uk/ukpga/1995/45/schedule/5/paragraph/1), [10(1)-(3)](https://www.legislation.gov.uk/ukpga/1995/45/schedule/5/paragraph/10/1); [The Friendly Societies (Taxation of Transfers of Business) Regulations 1995 (S.I. 1995/171)](https://www.legislation.gov.uk/uksi/1995/171), [reg. 3](https://www.legislation.gov.uk/uksi/1995/171/regulation/3); [The Lloyd's Underwriters (Tax) Regulations 1995 (S.I. 1995/351)](https://www.legislation.gov.uk/uksi/1995/351), [reg. 4](https://www.legislation.gov.uk/uksi/1995/351/regulation/4) (with [regs. 5-8](https://www.legislation.gov.uk/uksi/1995/351/regulation/5) and [S.I. 1995/352](https://www.legislation.gov.uk/uksi/1995/352), [regs. 6-12](https://www.legislation.gov.uk/uksi/1995/352/regulation/6), [14](https://www.legislation.gov.uk/uksi/1995/352/regulation/14), [15](https://www.legislation.gov.uk/uksi/1995/352/regulation/15)); [The Lloyd's Underwriters (Tax) (1992-93 to 1996-97) Regulations 1995 (S.I. 1995/352)](https://www.legislation.gov.uk/uksi/1995/352), [regs. 1](https://www.legislation.gov.uk/uksi/1995/352/regulation/1), [4](https://www.legislation.gov.uk/uksi/1995/352/regulation/4) (with [regs. 6-12](https://www.legislation.gov.uk/uksi/1995/352/regulation/6), [14](https://www.legislation.gov.uk/uksi/1995/352/regulation/14), [15](https://www.legislation.gov.uk/uksi/1995/352/regulation/15) and [S.I. 1995/351](https://www.legislation.gov.uk/uksi/1995/351), [regs. 5-8](https://www.legislation.gov.uk/uksi/1995/351/regulation/5)) (with effect for the years of assessment 1992-93 to 1996-97); [The Income Tax (Manufactured Dividends) (Tradepoint) Regulations 1995 (S.I. 1995/2052)](https://www.legislation.gov.uk/uksi/1995/2052), [regs. 1](https://www.legislation.gov.uk/uksi/1995/2052/regulation/1), [10](https://www.legislation.gov.uk/uksi/1995/2052/regulation/10); [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 81(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/81/1), [151(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/151/1), [152](https://www.legislation.gov.uk/ukpga/1996/8/section/152), [154(2)(5)(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/2/5/9), [Sch. 10 para. 4(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10/paragraph/4/2), [Sch. 11 para. 4(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11/paragraph/4/4); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 689A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/689A/2) (as inserted by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 paras. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/16), [28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28)); [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [Sch. 7 paras. 1(3)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/1/3), [18](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/18), [27](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/27); [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 79(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/79/3), [Sch. 7 paras. 2(1)(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/2/1/3), [3(2)(5)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/3/2/5), [7(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/7/2); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [Sch. 23A paras. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/3), [8(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/2A) (as substituted and inserted respectively by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 paras. 11(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/11/1), [13(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/13/3), [16](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16)); [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [ss. 28A](https://www.legislation.gov.uk/ukpga/1990/1/section/28A), [29(1)(1A)](https://www.legislation.gov.uk/ukpga/1990/1/section/29/1/1A) (as inserted and substituted respectively by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 15 paras. 3](https://www.legislation.gov.uk/ukpga/1997/16/schedule/15/paragraph/3), [4](https://www.legislation.gov.uk/ukpga/1997/16/schedule/15/paragraph/4)) [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 29(1)](https://www.legislation.gov.uk/ukpga/1997/58/section/29/1), [Sch. 6 para. 23](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/23); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 1A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/5) (as substituted by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 31(4)(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/31/4/6); [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 3](https://www.legislation.gov.uk/uksi/1997/473/regulation/3) (as amended by [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [art. 165(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/165/2/a); [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 4](https://www.legislation.gov.uk/uksi/2004/822/regulation/4)) [The Open-ended Investment Companies (Tax) Regulations 1997 (S.I. 1997/1154)](https://www.legislation.gov.uk/uksi/1997/1154), [regs. 1](https://www.legislation.gov.uk/uksi/1997/1154/regulation/1), [3-23](https://www.legislation.gov.uk/uksi/1997/1154/regulation/3) (as amended by [S.I. 1997/1715](https://www.legislation.gov.uk/uksi/1997/1715)); [The Lloyd's Underwriters (Scottish Limited Partnerships) (Tax) Regulations 1997 (S.I. 1997/2681)](https://www.legislation.gov.uk/uksi/1997/2681), [regs. 1](https://www.legislation.gov.uk/uksi/1997/2681/regulation/1), [9](https://www.legislation.gov.uk/uksi/1997/2681/regulation/9); [Teaching and Higher Education Act 1998 (c. 30)](https://www.legislation.gov.uk/ukpga/1998/30), [s. 22(5)(g)](https://www.legislation.gov.uk/ukpga/1998/30/section/22/5/g); [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 30(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/30/3), [31(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/31/2), [32(8)](https://www.legislation.gov.uk/ukpga/1998/36/section/32/8), [46](https://www.legislation.gov.uk/ukpga/1998/36/section/46), [47(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/47/3/a), [117](https://www.legislation.gov.uk/ukpga/1998/36/section/117), [161(2)(b)(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/b/7), [Sch. 18](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [ss. 65A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/65A/3), [70A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/70A/3), [596C](https://www.legislation.gov.uk/ukpga/1988/1/section/596C), [754(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/2), [Sch. 28AA para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/2/b) (as inserted or substituted (as the case may be) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38](https://www.legislation.gov.uk/ukpga/1998/36/section/38), [93(3)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/93/3/4), [108(5)(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/108/5/6), [Sch. 5 paras. 24](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/24), [25](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/25), [73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73), [Sch. 16](https://www.legislation.gov.uk/ukpga/1998/36/schedule/16), [Sch. 17 paras. 9(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/4), [37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37); [Regional Development Agencies Act 1998 (c. 45)](https://www.legislation.gov.uk/ukpga/1998/45), [s. 38](https://www.legislation.gov.uk/ukpga/1998/45/section/38); [S.I. 1998/2952](https://www.legislation.gov.uk/uksi/1998/2952), [art. 2(2)](https://www.legislation.gov.uk/uksi/1998/2952/article/2/2); [Scotland Act 1998 (c. 46)](https://www.legislation.gov.uk/ukpga/1998/46), [s. 73(2)](https://www.legislation.gov.uk/ukpga/1998/46/section/73/2); [S.I. 1998/3178](https://www.legislation.gov.uk/uksi/1998/3178), [art. 2(2)](https://www.legislation.gov.uk/uksi/1998/3178/article/2/2), [Sch. 3](https://www.legislation.gov.uk/uksi/1998/3178/schedule/3); [The European Single Currency (Taxes) Regulations 1998 (S.I. 1998/3177)](https://www.legislation.gov.uk/uksi/1998/3177), [regs. 1](https://www.legislation.gov.uk/uksi/1998/3177/regulation/1), [21](https://www.legislation.gov.uk/uksi/1998/3177/regulation/21); [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/68/4); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 469A](https://www.legislation.gov.uk/ukpga/1988/1/section/469A) (as inserted by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 68(1)(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/68/1/3)); [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [ss. 6(2)(c)](https://www.legislation.gov.uk/ukpga/1999/20/section/6/2/c), [16(1)(4)(c)(5)](https://www.legislation.gov.uk/ukpga/1999/20/section/16/1/4/c/5); [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 14 para. 43](https://www.legislation.gov.uk/ukpga/2000/17/schedule/14/paragraph/43); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 587B(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/2/b) (as inserted by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 43(1)(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/43/1/3)); [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [ss. 253(4)](https://www.legislation.gov.uk/ukpga/2001/2/section/253/4), [260(5)](https://www.legislation.gov.uk/ukpga/2001/2/section/260/5), [579](https://www.legislation.gov.uk/ukpga/2001/2/section/579), [Sch. 3 paras. 54](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/54), [55](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/55); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 118ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZA) (as substituted by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 75(1)(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/75/1/6)); [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [ss. 55(2)-(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/55/2)(7), 83(1)(a)(3), Sch. 26 para. 51; [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [ss. 56](https://www.legislation.gov.uk/ukpga/2003/1/section/56), [566(2)](https://www.legislation.gov.uk/ukpga/2003/1/section/566/2), [723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) (with [s. 48(2)](https://www.legislation.gov.uk/ukpga/2003/1/section/48/2), [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))); [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [ss. 148(1)-(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/148/1), [150](https://www.legislation.gov.uk/ukpga/2003/14/section/150), [195](https://www.legislation.gov.uk/ukpga/2003/14/section/195); [The Taxation of Benefits under Government Pilot Schemes (Return to Work Credit and Employment Retention and Advancement Schemes) Order 2003 (S.I. 2003/2339)](https://www.legislation.gov.uk/uksi/2003/2339), [arts. 1](https://www.legislation.gov.uk/uksi/2003/2339/article/1), [3](https://www.legislation.gov.uk/uksi/2003/2339/article/3); [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 51](https://www.legislation.gov.uk/ukpga/2004/12/section/51), [188(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/188/7), [192(8)(10)](https://www.legislation.gov.uk/ukpga/2004/12/section/192/8/10), [205(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/205/7), [206(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/206/7), [207(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/207/7), [208(8)](https://www.legislation.gov.uk/ukpga/2004/12/section/208/8), [215(11)](https://www.legislation.gov.uk/ukpga/2004/12/section/215/11), [227(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/227/5), [254(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/254/7), [255(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/255/3), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36)); [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23),Sch. 26 para. 36(2) (as substituted by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 52(1)(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/52/1/3), [Sch. 10 para. 62](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/62)); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 837C](https://www.legislation.gov.uk/ukpga/1988/1/section/837C) (as inserted by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 paras. 1](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/1), [3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/3)); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [Sch. 19B para. 15(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/15/2) (as inserted by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 38](https://www.legislation.gov.uk/ukpga/2004/12/schedule/38)); [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [ss. 27(10)](https://www.legislation.gov.uk/ukpga/2004/20/section/27/10), [28(5)](https://www.legislation.gov.uk/ukpga/2004/20/section/28/5), [29(6)](https://www.legislation.gov.uk/ukpga/2004/20/section/29/6), [30(6)](https://www.legislation.gov.uk/ukpga/2004/20/section/30/6), [38(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/38/2), [44(5)](https://www.legislation.gov.uk/ukpga/2004/20/section/44/5), [Sch. 9 para. 37(3)](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/37/3); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1); [Horserace Betting and Olympic Lottery Act 2004 (c. 25)](https://www.legislation.gov.uk/ukpga/2004/25), [ss. 4(1)](https://www.legislation.gov.uk/ukpga/2004/25/section/4/1), [5(3)(c)(4)](https://www.legislation.gov.uk/ukpga/2004/25/section/5/3/c/4); [S.I. 2011/462](https://www.legislation.gov.uk/uksi/2011/462), [art. 2](https://www.legislation.gov.uk/uksi/2011/462/article/2); [The Taxation of Benefits under Government Pilot Schemes (Working Neighbourhoods Pilot and In Work Credit) Order 2004 (S.I. 2004/575)](https://www.legislation.gov.uk/uksi/2004/575), [art. 3](https://www.legislation.gov.uk/uksi/2004/575/article/3); [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [ss. 41(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/41/4), [50](https://www.legislation.gov.uk/ukpga/2005/7/section/50), [53](https://www.legislation.gov.uk/ukpga/2005/7/section/53), [54](https://www.legislation.gov.uk/ukpga/2005/7/section/54), [56](https://www.legislation.gov.uk/ukpga/2005/7/section/56), [83(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/83/1); [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [Sch. 10 para. 34(2)](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/34/2); [S.I. 2005/1444](https://www.legislation.gov.uk/uksi/2005/1444), [art. 2(1)](https://www.legislation.gov.uk/uksi/2005/1444/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2005/1444/schedule/1); [S.I. 2005/1909](https://www.legislation.gov.uk/uksi/2005/1909), art, 2, Sch.; [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 7(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/7/2), [8](https://www.legislation.gov.uk/ukpga/2005/22/section/8), [9](https://www.legislation.gov.uk/ukpga/2005/22/section/9); [Finance Act 1988 (c.39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 66A(2)(4)](https://www.legislation.gov.uk/ukpga/1988/39/section/66A/2/4) (as inserted by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 60(1)(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/60/1/3)); [The Pension Protection Fund (Tax) (2005-06) Regulations 2005 (S.I. 2005/1907)](https://www.legislation.gov.uk/uksi/2005/1907), [reg. 4](https://www.legislation.gov.uk/uksi/2005/1907/regulation/4); [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [reg. 3](https://www.legislation.gov.uk/uksi/2005/2014/regulation/3); [The Donations to Charity by Individuals (Appropriate Declarations) (Amendment) Regulations 2005 (S.I. 2005/2790)](https://www.legislation.gov.uk/uksi/2005/2790), [regs. 6](https://www.legislation.gov.uk/uksi/2005/2790/regulation/6), [7](https://www.legislation.gov.uk/uksi/2005/2790/regulation/7); [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 4](https://www.legislation.gov.uk/uksi/2006/575/regulation/4); [Telecommunications Act 1984 (c. 12)](https://www.legislation.gov.uk/ukpga/1984/12), [s. 72(3)](https://www.legislation.gov.uk/ukpga/1984/12/section/72/3) (as substituted by [S.I. 2006/745](https://www.legislation.gov.uk/uksi/2006/745), [art. 2](https://www.legislation.gov.uk/uksi/2006/745/article/2)); [The Group Relief for Overseas Losses (Modification of the Corporation Tax Acts for Non-resident Insurance Companies) Regulations 2006 (S.I. 2006/3218)](https://www.legislation.gov.uk/uksi/2006/3218), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2006/3218/regulation/1/1/2), [2-12](https://www.legislation.gov.uk/uksi/2006/3218/regulation/2); [The Group Relief for Overseas Losses (Modification of the Corporation Tax Acts for Non-resident Insurance Companies) (No. 2) Regulations 2006 (S.I. 2006/3389)](https://www.legislation.gov.uk/uksi/2006/3389), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2006/3389/regulation/1/1/2), [2-10](https://www.legislation.gov.uk/uksi/2006/3389/regulation/2) (as amended by [S.I. 2007/2147](https://www.legislation.gov.uk/uksi/2007/2147), [regs. 1-6](https://www.legislation.gov.uk/uksi/2007/2147/regulation/1)); [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [ss. 414](https://www.legislation.gov.uk/ukpga/2007/3/section/414), [466](https://www.legislation.gov.uk/ukpga/2007/3/section/466), [467](https://www.legislation.gov.uk/ukpga/2007/3/section/467), [473(5)(6)](https://www.legislation.gov.uk/ukpga/2007/3/section/473/5/6), [474](https://www.legislation.gov.uk/ukpga/2007/3/section/474), [477](https://www.legislation.gov.uk/ukpga/2007/3/section/477), [513(4)](https://www.legislation.gov.uk/ukpga/2007/3/section/513/4), [573](https://www.legislation.gov.uk/ukpga/2007/3/section/573), [576](https://www.legislation.gov.uk/ukpga/2007/3/section/576), [578](https://www.legislation.gov.uk/ukpga/2007/3/section/578), [586(2)](https://www.legislation.gov.uk/ukpga/2007/3/section/586/2), [597(2)](https://www.legislation.gov.uk/ukpga/2007/3/section/597/2), [711(2)](https://www.legislation.gov.uk/ukpga/2007/3/section/711/2), [959](https://www.legislation.gov.uk/ukpga/2007/3/section/959), [963(4)](https://www.legislation.gov.uk/ukpga/2007/3/section/963/4), [970(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/970/1), [988-1016](https://www.legislation.gov.uk/ukpga/2007/3/section/988) (Pt. 16) (with Sch. 2); [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 61G](https://www.legislation.gov.uk/ukpga/2003/1/section/61G) (as inserted by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 25](https://www.legislation.gov.uk/ukpga/2007/11/section/25), [Sch. 3 para. 4](https://www.legislation.gov.uk/ukpga/2007/11/schedule/3/paragraph/4)); [Consumers, Estate Agents and Redress Act 2007 (c. 17)](https://www.legislation.gov.uk/ukpga/2007/17), [Sch. 4 para. 11](https://www.legislation.gov.uk/ukpga/2007/17/schedule/4/paragraph/11); [S.I. 2007/3546](https://www.legislation.gov.uk/uksi/2007/3546), [art. 3](https://www.legislation.gov.uk/uksi/2007/3546/article/3), [Sch.](https://www.legislation.gov.uk/uksi/2007/3546/schedule); [The Corporation Tax (Taxation of Films) (Transitional Provisions) Regulations 2007 (S.I. 2007/1050)](https://www.legislation.gov.uk/uksi/2007/1050), [regs. 1](https://www.legislation.gov.uk/uksi/2007/1050/regulation/1), [3-12](https://www.legislation.gov.uk/uksi/2007/1050/regulation/3) (as amended by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 2 para. 131](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/paragraph/131) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))); [The Securitisation Companies (Application of Section 83(1) of the Finance Act 2005: Accounting Standards) Regulations 2007 (S.I. 2007/3338](https://www.legislation.gov.uk/uksi/2007/3338)), [reg. 3](https://www.legislation.gov.uk/uksi/2007/3338/regulation/3); [The Taxation of Insurance Securitisation Companies Regulations 2007 (S.I. 2007/3402)](https://www.legislation.gov.uk/uksi/2007/3402), [regs. 1](https://www.legislation.gov.uk/uksi/2007/3402/regulation/1), [6](https://www.legislation.gov.uk/uksi/2007/3402/regulation/6); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 461D(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/461D/4) (as inserted by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 18 para. 3](https://www.legislation.gov.uk/ukpga/2008/9/schedule/18/paragraph/3)); [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 840A(3)](https://www.legislation.gov.uk/ukpga/2005/5/section/840A/3) (as inserted by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 paras. 69](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/69), [81](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/81)); [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 3(2)(4)](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/3/2/4); [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [regs. 69Z15(2)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z15/2), [69Z16(2)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z16/2), [69Z17(2)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z17/2) (as inserted by [S.I. 2008/705](https://www.legislation.gov.uk/uksi/2008/705), [reg. 5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5)); [The Friendly Societies (Transfers of Other Business) (Modification of the Corporation Tax Acts) Regulations 2008 (S.I. 2008/1942)](https://www.legislation.gov.uk/uksi/2008/1942), [regs. 1-7](https://www.legislation.gov.uk/uksi/2008/1942/regulation/1); [The Group Relief for Overseas Losses (Modification of the Corporation Tax Acts for Non-resident Insurance Companies) Regulations 2008 (S.I. 2008/2646)](https://www.legislation.gov.uk/uksi/2008/2646), [regs. 1](https://www.legislation.gov.uk/uksi/2008/2646/regulation/1), [2](https://www.legislation.gov.uk/uksi/2008/2646/regulation/2); [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 2(4)](https://www.legislation.gov.uk/ukpga/2009/4/section/2/4), [3](https://www.legislation.gov.uk/ukpga/2009/4/section/3), [294(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/294/2), [481(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/481/2), [490(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/490/2), [509(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/509/2), [515](https://www.legislation.gov.uk/ukpga/2009/4/section/515), [516(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/516/1), [521(4)(e)(5)](https://www.legislation.gov.uk/ukpga/2009/4/section/521/4/e/5), [539(6)](https://www.legislation.gov.uk/ukpga/2009/4/section/539/6), [540(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/540/3), [545](https://www.legislation.gov.uk/ukpga/2009/4/section/545), [550](https://www.legislation.gov.uk/ukpga/2009/4/section/550), [592(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/592/3), [593(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/593/2), [608(7)](https://www.legislation.gov.uk/ukpga/2009/4/section/608/7), [799(1)(b)](https://www.legislation.gov.uk/ukpga/2009/4/section/799/1/b), [802(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/802/2), [855(7)(8)](https://www.legislation.gov.uk/ukpga/2009/4/section/855/7/8), [969](https://www.legislation.gov.uk/ukpga/2009/4/section/969), [1273](https://www.legislation.gov.uk/ukpga/2009/4/section/1273), [1329](https://www.legislation.gov.uk/ukpga/2009/4/section/1329) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2)); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 230A](https://www.legislation.gov.uk/ukpga/1988/1/section/230A) (as inserted by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 100](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/100)); [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [s. 25](https://www.legislation.gov.uk/ukpga/2009/10/section/25); [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 521B(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/521B/2) (as inserted by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 24 paras. 4](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/4), [12-16](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/12)); [The Education (Student Loans) (Repayment) Regulations (Northern Ireland) 2009 (S.R. 2009/128)](https://www.legislation.gov.uk/nisr/2009/128), [regs. 1(1)](https://www.legislation.gov.uk/nisr/2009/128/regulation/1/1), [4](https://www.legislation.gov.uk/nisr/2009/128/regulation/4), [26(2)](https://www.legislation.gov.uk/nisr/2009/128/regulation/26/2); [The Education (Student Loans) (Repayment) Regulations 2009 (S.I. 2009/470)](https://www.legislation.gov.uk/uksi/2009/470), [regs. 1](https://www.legislation.gov.uk/uksi/2009/470/regulation/1), [4-7](https://www.legislation.gov.uk/uksi/2009/470/regulation/4), [31(2)](https://www.legislation.gov.uk/uksi/2009/470/regulation/31/2); [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69Z61](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z61) (as inserted by [S.I. 2009/2036](https://www.legislation.gov.uk/uksi/2009/2036), [reg. 24](https://www.legislation.gov.uk/uksi/2009/2036/regulation/24)); [The Mutual Societies (Transfers of Business) (Tax) Regulations 2009 (S.I. 2009/2971)](https://www.legislation.gov.uk/uksi/2009/2971), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/1/1/2), [4](https://www.legislation.gov.uk/uksi/2009/2971/regulation/4); [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1), [16(2)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/16/2), [94](https://www.legislation.gov.uk/uksi/2009/3001/regulation/94) (with [Sch. 1](https://www.legislation.gov.uk/uksi/2009/3001/schedule/1)); [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 128](https://www.legislation.gov.uk/ukpga/2010/4/section/128), [620](https://www.legislation.gov.uk/ukpga/2010/4/section/620), [624](https://www.legislation.gov.uk/ukpga/2010/4/section/624), [625](https://www.legislation.gov.uk/ukpga/2010/4/section/625), [778](https://www.legislation.gov.uk/ukpga/2010/4/section/778), [784](https://www.legislation.gov.uk/ukpga/2010/4/section/784), [786](https://www.legislation.gov.uk/ukpga/2010/4/section/786), [876](https://www.legislation.gov.uk/ukpga/2010/4/section/876), [950(5)](https://www.legislation.gov.uk/ukpga/2010/4/section/950/5), [996(1)(2)](https://www.legislation.gov.uk/ukpga/2010/4/section/996/1/2), [1070](https://www.legislation.gov.uk/ukpga/2010/4/section/1070), [1071](https://www.legislation.gov.uk/ukpga/2010/4/section/1071), [1166](https://www.legislation.gov.uk/ukpga/2010/4/section/1166) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2)); [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 79(2)](https://www.legislation.gov.uk/ukpga/2010/8/section/79/2), [192](https://www.legislation.gov.uk/ukpga/2010/8/section/192), [220](https://www.legislation.gov.uk/ukpga/2010/8/section/220) (with [ss. 213](https://www.legislation.gov.uk/ukpga/2010/8/section/213), [214](https://www.legislation.gov.uk/ukpga/2010/8/section/214), [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1)); [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 809CZB(2)](https://www.legislation.gov.uk/ukpga/2007/3/section/809CZB/2) (as inserted by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 5 para. 7](https://www.legislation.gov.uk/ukpga/2010/8/schedule/5/paragraph/7) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1))); [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 53(5)(7)-(10)](https://www.legislation.gov.uk/ukpga/2011/11/section/53/5/7), [Sch. 2 paras. 53(4)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/2/paragraph/53/4), [54(6)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/2/paragraph/54/6); [The Taxation of Equitable Life (Payments) Order 2011 (S.I. 2011/1502)](https://www.legislation.gov.uk/uksi/2011/1502), [arts. 1](https://www.legislation.gov.uk/uksi/2011/1502/article/1), [3](https://www.legislation.gov.uk/uksi/2011/1502/article/3); [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [ss. 69(b)](https://www.legislation.gov.uk/ukpga/2012/14/section/69/b), [71(3)](https://www.legislation.gov.uk/ukpga/2012/14/section/71/3), [72](https://www.legislation.gov.uk/ukpga/2012/14/section/72), [142(1)(b)](https://www.legislation.gov.uk/ukpga/2012/14/section/142/1/b), [143(1)(b)](https://www.legislation.gov.uk/ukpga/2012/14/section/143/1/b), [144(1)](https://www.legislation.gov.uk/ukpga/2012/14/section/144/1), [148](https://www.legislation.gov.uk/ukpga/2012/14/section/148), [151](https://www.legislation.gov.uk/ukpga/2012/14/section/151), [152](https://www.legislation.gov.uk/ukpga/2012/14/section/152), [158(5)](https://www.legislation.gov.uk/ukpga/2012/14/section/158/5), [166(5)(6)](https://www.legislation.gov.uk/ukpga/2012/14/section/166/5/6), [167(4)](https://www.legislation.gov.uk/ukpga/2012/14/section/167/4) (with [Sch. 17](https://www.legislation.gov.uk/ukpga/2012/14/schedule/17)); [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 793(8)](https://www.legislation.gov.uk/ukpga/2010/4/section/793/8), [812(5A)](https://www.legislation.gov.uk/ukpga/2010/4/section/812/5A) (as inserted by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 22(2)-(4)](https://www.legislation.gov.uk/ukpga/2012/14/section/22/2)); [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 371SO(2)](https://www.legislation.gov.uk/ukpga/2010/8/section/371SO/2) (as inserted by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 20 para. 1](https://www.legislation.gov.uk/ukpga/2012/14/schedule/20/paragraph/1)); [Small Charitable Donations Act 2012 (c. 23)](https://www.legislation.gov.uk/ukpga/2012/23), [ss. 15](https://www.legislation.gov.uk/ukpga/2012/23/section/15), [21(1)](https://www.legislation.gov.uk/ukpga/2012/23/section/21/1); [The Bank Levy (Double Taxation Relief) Regulations 2012 (S.I. 2012/458)](https://www.legislation.gov.uk/uksi/2012/458), [regs. 1](https://www.legislation.gov.uk/uksi/2012/458/regulation/1), [13](https://www.legislation.gov.uk/uksi/2012/458/regulation/13); [The Bank Levy (Double Taxation Arrangements) (Federal Republic of Germany) Regulations 2012 (S.I. 2012/459)](https://www.legislation.gov.uk/uksi/2012/459), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2012/459/regulation/1/1/2), [11](https://www.legislation.gov.uk/uksi/2012/459/regulation/11); [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Pt. 11ZA](https://www.legislation.gov.uk/ukpga/2007/3/part/11ZA) (ss. 614ZA-614ZD) (as inserted by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 29 paras. 1](https://www.legislation.gov.uk/ukpga/2013/29/schedule/29/paragraph/1), [51](https://www.legislation.gov.uk/ukpga/2013/29/schedule/29/paragraph/51)); [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [Pt. 17A](https://www.legislation.gov.uk/ukpga/2010/4/part/17A) (ss. 814A-814D) (as inserted by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 29 paras. 2](https://www.legislation.gov.uk/ukpga/2013/29/schedule/29/paragraph/2), [51](https://www.legislation.gov.uk/ukpga/2013/29/schedule/29/paragraph/51)); [The Taxation of Regulatory Capital Securities Regulations 2013 (S.I. 2013/3209)](https://www.legislation.gov.uk/uksi/2013/3209), [regs. 1](https://www.legislation.gov.uk/uksi/2013/3209/regulation/1), [3](https://www.legislation.gov.uk/uksi/2013/3209/regulation/3) (with [reg. 8](https://www.legislation.gov.uk/uksi/2013/3209/regulation/8)); [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 223(8)(9)(a)](https://www.legislation.gov.uk/ukpga/2014/26/section/223/8/9/a); [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 490(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/490/2) (as substituted by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 27(3)(7)-(9)](https://www.legislation.gov.uk/ukpga/2014/26/section/27/3/7)); [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 329N(2)](https://www.legislation.gov.uk/ukpga/2010/4/section/329N/2) (as inserted by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 14 paras. 1](https://www.legislation.gov.uk/ukpga/2014/26/schedule/14/paragraph/1), [4](https://www.legislation.gov.uk/ukpga/2014/26/schedule/14/paragraph/4)); [Social Security Contributions and Benefits Act 1992 (c. 4)](https://www.legislation.gov.uk/ukpga/1992/4), [s. 11A(1)(3)](https://www.legislation.gov.uk/ukpga/1992/4/section/11A/1/3) (as inserted by [National Insurance Contributions Act 2015 (c. 5)](https://www.legislation.gov.uk/ukpga/2015/5), [Sch. 1 paras. 3](https://www.legislation.gov.uk/ukpga/2015/5/schedule/1/paragraph/3), [35](https://www.legislation.gov.uk/ukpga/2015/5/schedule/1/paragraph/35)); [Social Security Contributions and Benefits (Northern Ireland) Act 1992 (c. 7)](https://www.legislation.gov.uk/ukpga/1992/7), [s. 11A(1)(3)](https://www.legislation.gov.uk/ukpga/1992/7/section/11A/1/3) (as inserted by [National Insurance Contributions Act 2015 (c. 5)](https://www.legislation.gov.uk/ukpga/2015/5), [Sch. 1 paras. 12](https://www.legislation.gov.uk/ukpga/2015/5/schedule/1/paragraph/12), [35](https://www.legislation.gov.uk/ukpga/2015/5/schedule/1/paragraph/35)); [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [ss. 99(2)](https://www.legislation.gov.uk/ukpga/2015/11/section/99/2), [116](https://www.legislation.gov.uk/ukpga/2015/11/section/116); [Taxes Management Act 1970 (c. 9)](https://www.legislation.gov.uk/ukpga/1970/9), [ss. 12ZH](https://www.legislation.gov.uk/ukpga/1970/9/section/12ZH), [12ZI](https://www.legislation.gov.uk/ukpga/1970/9/section/12ZI), [59AB](https://www.legislation.gov.uk/ukpga/1970/9/section/59AB) (as inserted by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 paras. 43](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/43), [51](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/51), [60](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/60)); [The Education (Postgraduate Master?s Degree Loans) Regulations 2016 (S.I. 2016/606)](https://www.legislation.gov.uk/uksi/2016/606), [regs. 1](https://www.legislation.gov.uk/uksi/2016/606/regulation/1), [67(1)](https://www.legislation.gov.uk/uksi/2016/606/regulation/67/1); [The Bank Levy (Double Taxation Relief) (Single Resolution Fund Levy) Regulations 2016 (S.I. 2016/1212)](https://www.legislation.gov.uk/uksi/2016/1212), [regs. 1](https://www.legislation.gov.uk/uksi/2016/1212/regulation/1), [16](https://www.legislation.gov.uk/uksi/2016/1212/regulation/16); [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 61R](https://www.legislation.gov.uk/ukpga/2003/1/section/61R) (as inserted by [Finance Act 2017 (c. 10)](https://www.legislation.gov.uk/ukpga/2017/10), [Sch. 1 paras. 9](https://www.legislation.gov.uk/ukpga/2017/10/schedule/1/paragraph/9), [16](https://www.legislation.gov.uk/ukpga/2017/10/schedule/1/paragraph/16)); [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [ss. 124A(6)](https://www.legislation.gov.uk/ukpga/2012/14/section/124A/6), [124B(7)](https://www.legislation.gov.uk/ukpga/2012/14/section/124B/7), [124C(7)](https://www.legislation.gov.uk/ukpga/2012/14/section/124C/7) (as inserted by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 4 paras. 26](https://www.legislation.gov.uk/ukpga/2017/32/schedule/4/paragraph/26), [190-192](https://www.legislation.gov.uk/ukpga/2017/32/schedule/4/paragraph/190)); [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 303B(5)](https://www.legislation.gov.uk/ukpga/2010/4/section/303B/5), [303C(7)](https://www.legislation.gov.uk/ukpga/2010/4/section/303C/7), [303D(6)](https://www.legislation.gov.uk/ukpga/2010/4/section/303D/6), [321(2A)](https://www.legislation.gov.uk/ukpga/2010/4/section/321/2A) (as inserted by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 4 paras. 48](https://www.legislation.gov.uk/ukpga/2017/32/schedule/4/paragraph/48), [52(3)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/4/paragraph/52/3), [190-192](https://www.legislation.gov.uk/ukpga/2017/32/schedule/4/paragraph/190)); [Taxes Management Act 1970 (c. 9)](https://www.legislation.gov.uk/ukpga/1970/9), [ss. 28A(8)](https://www.legislation.gov.uk/ukpga/1970/9/section/28A/8), [28B(9)](https://www.legislation.gov.uk/ukpga/1970/9/section/28B/9) (as inserted by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 15 paras. 12(6)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/15/paragraph/12/6), [13(6)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/15/paragraph/13/6), [44](https://www.legislation.gov.uk/ukpga/2017/32/schedule/15/paragraph/44)); [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 18 para. 32(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18/paragraph/32/4) (as inserted by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 15 paras. 28(4)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/15/paragraph/28/4), [44](https://www.legislation.gov.uk/ukpga/2017/32/schedule/15/paragraph/44)) [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 3 paras. 7, 9,](https://www.legislation.gov.uk/ukpga/2019/1/schedule/3/paragraph/9)[12](https://www.legislation.gov.uk/ukpga/2019/1/schedule/3/paragraph/12), [13](https://www.legislation.gov.uk/ukpga/2019/1/schedule/3/paragraph/13); [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 420A(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/420A/2) (as inserted by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 20 paras. 2](https://www.legislation.gov.uk/ukpga/2019/1/schedule/20/paragraph/2), [10(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/20/paragraph/10/a), [16](https://www.legislation.gov.uk/ukpga/2019/1/schedule/20/paragraph/16)); [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 270HE](https://www.legislation.gov.uk/ukpga/2001/2/section/270HE) (as inserted by [The Capital Allowances (Structures and Buildings Allowances) Regulations 2019 (S.I. 2019/1087)](https://www.legislation.gov.uk/uksi/2019/1087), [regs. 1](https://www.legislation.gov.uk/uksi/2019/1087/regulation/1), [2](https://www.legislation.gov.uk/uksi/2019/1087/regulation/2)
[^c21566901]: Act (except ss. 201 and 684) amended (1.1.1992) by [S.I. 1991/2684](https://www.legislation.gov.uk/uksi/1991/2684), [arts. 2](https://www.legislation.gov.uk/uksi/1991/2684/article/2), [4](https://www.legislation.gov.uk/uksi/1991/2684/article/4),Sch. 1
[^c22719381]: Act: [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [Sch. 4 Pt. 1](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/part/1) to be construed as one with this Act (19.9.1994) by virtue of ss. 21, 68(4) of, and Sch. 4 para. 1(2) to, that Act); [S.I. 1999/2189](https://www.legislation.gov.uk/uksi/1999/2189), [art. 2](https://www.legislation.gov.uk/uksi/1999/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1999/2189/schedule)
[^c23369051]: Act modified (17.9.2004 with effect in accordance with reg. 1 of the modifying S.I.) by [The Overseas Life Insurance Companies Regulations 2004 (S.I. 2004/2200)](https://www.legislation.gov.uk/uksi/2004/2200), [regs. 3](https://www.legislation.gov.uk/uksi/2004/2200/regulation/3), [4](https://www.legislation.gov.uk/uksi/2004/2200/regulation/4)
[^c23369081]: Act modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [reg. 7](https://www.legislation.gov.uk/uksi/2005/2014/regulation/7)
[^c23369091]: Act modified (1.4.2006 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 94](https://www.legislation.gov.uk/uksi/2006/964/regulation/94) (as amended by [S.I. 2008/3159](https://www.legislation.gov.uk/uksi/2008/3159), [regs. 1(2)(4)](https://www.legislation.gov.uk/uksi/2008/3159/regulation/1/2/4), [28](https://www.legislation.gov.uk/uksi/2008/3159/regulation/28))
[^c23369101]: Act modified (31.12.2006 with effect in accordance with reg. 1 of the modifying S.I.) by [The Overseas Life Insurance Companies Regulations 2006 (S.I. 2006/3271)](https://www.legislation.gov.uk/uksi/2006/3271), [regs. 1](https://www.legislation.gov.uk/uksi/2006/3271/regulation/1), [3-18](https://www.legislation.gov.uk/uksi/2006/3271/regulation/3) (as amended by: [S.I. 2007/2146](https://www.legislation.gov.uk/uksi/2007/2146), [regs. 1](https://www.legislation.gov.uk/uksi/2007/2146/regulation/1), [3-13](https://www.legislation.gov.uk/uksi/2007/2146/regulation/3); [S.I. 2007/3449](https://www.legislation.gov.uk/uksi/2007/3449), [regs. 1](https://www.legislation.gov.uk/uksi/2007/3449/regulation/1), [3-6](https://www.legislation.gov.uk/uksi/2007/3449/regulation/3); [S.I. 2008/1924](https://www.legislation.gov.uk/uksi/2008/1924), [regs. 1](https://www.legislation.gov.uk/uksi/2008/1924/regulation/1), [3-12](https://www.legislation.gov.uk/uksi/2008/1924/regulation/3))
[^c23369111]: Act modified (12.12.2006 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Taxation of Securitisation Companies Regulations 2006 (S.I. 2006/3296)](https://www.legislation.gov.uk/uksi/2006/3296), [reg. 15](https://www.legislation.gov.uk/uksi/2006/3296/regulation/15) (as amended by [S.I. 2018/143](https://www.legislation.gov.uk/uksi/2018/143), [regs. 1](https://www.legislation.gov.uk/uksi/2018/143/regulation/1), [10(1)](https://www.legislation.gov.uk/uksi/2018/143/regulation/10/1))
[^c23369121]: Act modified (with effect in accordance with Sch. 4 para. 2(2)-(4) of the modifying Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 4 para. 3](https://www.legislation.gov.uk/ukpga/2007/11/schedule/4/paragraph/3)
[^c23369131]: Act modified (14.8.2007 with effect in accordance with reg. 1(2)(3) of the modifying S.I.) by [The Insurance Companies (Tax Exempt Business) Regulations 2007 (S.I. 2007/2145)](https://www.legislation.gov.uk/uksi/2007/2145), [regs. 3-12](https://www.legislation.gov.uk/uksi/2007/2145/regulation/3)
[^c23369141]: Act modified (21.2.2009) by [The Banking Act 2009 (Parts 2 and 3 Consequential Amendments) Order 2009 (S.I. 2009/317)](https://www.legislation.gov.uk/uksi/2009/317), [art. 3](https://www.legislation.gov.uk/uksi/2009/317/article/3), [Sch.](https://www.legislation.gov.uk/uksi/2009/317/schedule)
[^c23376051]: Act applied (1.4.2010 with effect in accordance with s. 1184(1) of the affecting Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 853](https://www.legislation.gov.uk/ukpga/2010/4/section/853)
[^c23376061]: Act amended by [Finance Act 2010 (c. 13)](https://www.legislation.gov.uk/ukpga/2010/13), [Sch. 8 para. 8(2)(4)](https://www.legislation.gov.uk/ukpga/2010/13/schedule/8/paragraph/8/2/4)
[^c23376071]: Act amended (2006-07) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [Sch. 14 para. 3(5)](https://www.legislation.gov.uk/ukpga/2010/33/schedule/14/paragraph/3/5)
[^c23376081]: Act applied (with modifications) (1.10.2010) by [The Employment and Support Allowance (Transitional Provisions, Housing Benefit and Council Tax Benefit) (Existing Awards) (No. 2) Regulations 2010 (S.I. 2010/1907)](https://www.legislation.gov.uk/uksi/2010/1907), [regs. 1(2)](https://www.legislation.gov.uk/uksi/2010/1907/regulation/1/2), [16(2)(c)](https://www.legislation.gov.uk/uksi/2010/1907/regulation/16/2/c), [Sch. 2](https://www.legislation.gov.uk/uksi/2010/1907/schedule/2)
[^c23376091]: Act amended by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 15 para. 17(4)(5)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/15/paragraph/17/4/5)
[^c23339751]: [S. 1](https://www.legislation.gov.uk/ukpga/1988/1/section/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23341451]: [S. 1A](https://www.legislation.gov.uk/ukpga/1988/1/section/1A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23333701]: Words in [s. 1B](https://www.legislation.gov.uk/ukpga/1988/1/section/1B) sidenote substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 4(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/4/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23346411]: [S. 1B](https://www.legislation.gov.uk/ukpga/1988/1/section/1B) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23346511]: [S. 2](https://www.legislation.gov.uk/ukpga/1988/1/section/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23346521]: [S. 3](https://www.legislation.gov.uk/ukpga/1988/1/section/3) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 3](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23346531]: [S. 4](https://www.legislation.gov.uk/ukpga/1988/1/section/4) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 4](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21819211]: [S. 5](https://www.legislation.gov.uk/ukpga/1988/1/section/5) repealed (with effect in accordance with s. 199(2) and Sch. 26 Pt. 5(23) Note 2 of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 258](https://www.legislation.gov.uk/ukpga/1994/9/section/258), [Sch. 26 Pt. 5(23)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/23); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21825951]: [S. 1A](https://www.legislation.gov.uk/ukpga/1988/1/section/1A) inserted (with effect in accordance with [s. 73(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/73/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 73(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/73/1)
[^c21825991]: [S. 1B](https://www.legislation.gov.uk/ukpga/1988/1/section/1B) inserted (with effect in accordance with [s. 31(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/31/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 31(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/31/5)
[^c23333851]: [S. 6(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/6/4A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 6](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21568351]: [S. 8A](https://www.legislation.gov.uk/ukpga/1988/1/section/8A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 206(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/206/2)
[^c21856731]: [S. 8A](https://www.legislation.gov.uk/ukpga/1988/1/section/8A) repealed (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 138](https://www.legislation.gov.uk/ukpga/1996/8/section/138), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 24 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/10), [Sch. 41](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41)
[^c23333181]: [S. 9](https://www.legislation.gov.uk/ukpga/1988/1/section/9) restricted (24.3.2005) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 881](https://www.legislation.gov.uk/ukpga/2005/5/section/881), [883(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333911]: [S. 9(2A)-(2C)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/2A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 7(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/7/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21797811]: [S. 10](https://www.legislation.gov.uk/ukpga/1988/1/section/10) repealed (with effect in accordance with [s. 199(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/199/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 258](https://www.legislation.gov.uk/ukpga/1994/9/section/258), [Sch. 26 Part 5(23)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/23), Note 4; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23332881]: [S. 11(1)-(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/11/1) substituted for s. 11(1)(2) (with effect in accordance with [s. 149(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/149/6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 149(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/149/1)
[^c21797551]: [S. 12(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/5A) inserted (with effect as mentioned in [Sch. 4 para. 11(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/4/paragraph/11/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 24 para. 11(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/11/3)
[^c23332941]: [S. 12(5B)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/5B) inserted (with effect in accordance with [Sch. 41 para. 5(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/5/1) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 41 para. 1(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/1/3)
[^c23332981]: [S. 12(7ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7ZA) inserted (with effect in accordance with [Sch. 41 para. 5(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/5/1) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 41 para. 1(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/1/5)
[^c21568561]: [S. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s.48](https://www.legislation.gov.uk/ukpga/1990/29/section/48), [Sch.9 para.3](https://www.legislation.gov.uk/ukpga/1990/29/schedule/9/paragraph/3) (in relation to transfers of business on or after 1.11.1990)
[^c21797651]: [S. 12(7B)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7B) inserted (with effect in accordance with art. 14(4) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 14(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/14/3)
[^c23347301]: [S. 12(7B)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7B): words and definition of "contracts of long-term insurance" repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 14(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/14/2/a), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23347281]: [S. 12(7B)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7B): definition of "insurance business transfer scheme" repealed (with effect in accordance with Sch. 9 para. 17(1) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 1(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/1/2/a), [Sch. 27 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/9), Note
[^c23334011]: [S. 12(7C)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7C) inserted (with effect in accordance with [Sch. 9 para. 20(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 20(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/3)
[^c23347321]: [S. 12(7C)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7C) substituted (with effect in accordance with [Sch. 9 para. 17(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 3(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/3/2)
[^c23334401]: [S. 12(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/9) inserted (with effect in accordance with [Sch. 10 para. 2](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 10 para. 43(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/43/2)
[^c23332901]: [S. 11AA](https://www.legislation.gov.uk/ukpga/1988/1/section/11AA) inserted (with effect in accordance with [s. 149(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/149/6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 149(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/149/2)
[^c23334461]: [S. 13AA](https://www.legislation.gov.uk/ukpga/1988/1/section/13AA) repealed (with effect in accordance with s. 26(8)-(11) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 26(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/1), [Sch. 26 Pt. 3(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/1), Note
[^c23334481]: [S. 13AB](https://www.legislation.gov.uk/ukpga/1988/1/section/13AB) repealed (with effect in accordance with s. 26(8)-(11) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 26(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/2), [Sch. 26 Pt. 3(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/1), Note
[^c21568801]: [S. 13A](https://www.legislation.gov.uk/ukpga/1988/1/section/13A) inserted (in relation to accounting periods beginning after 31 March 1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 105(2)(3)](https://www.legislation.gov.uk/ukpga/1989/26/section/105/2/3)
[^c21827251]: [S. 13ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/13ZA) inserted (with application in accordance with [s. 86(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 86(5)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/5)
[^c21827181]: [S. 13AA](https://www.legislation.gov.uk/ukpga/1988/1/section/13AA) inserted (with effect in accordance with [s. 28(6)(7)](https://www.legislation.gov.uk/ukpga/1999/16/section/28/6/7) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 28(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/28/1)
[^c23333081]: [S. 13AB](https://www.legislation.gov.uk/ukpga/1988/1/section/13AB) inserted (with effect in accordance with [s. 28(4)(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/28/4/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 28(1)(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/28/1/6)
[^c21569071]: [S. 16](https://www.legislation.gov.uk/ukpga/1988/1/section/16) repealed (with effect from 6.4.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39) s.148, Sch.14 Pt. V
[^c22720791]: [S. 17](https://www.legislation.gov.uk/ukpga/1988/1/section/17) repealed (with effect in accordance with Sch. 7 para. 32 and Sch. 41 Pt. 5(2) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/3), [Sch. 41 Pt. V(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/2), Note (with Sch. 7 paras. 33-35)
[^c23332861]: [S. 19](https://www.legislation.gov.uk/ukpga/1988/1/section/19) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 6](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/6), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23334161]: [S. 20](https://www.legislation.gov.uk/ukpga/1988/1/section/20) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 10](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/10), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21856511]: [Ss. 21-21B](https://www.legislation.gov.uk/ukpga/1988/1/section/21) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) for s. 21 by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 4](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/4) (with [Sch. 5 paras. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73), [76](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/76))
[^c23348301]: [S. 21](https://www.legislation.gov.uk/ukpga/1988/1/section/21) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 11](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/11), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21821321]: [S. 22](https://www.legislation.gov.uk/ukpga/1988/1/section/22) repealed (with effect in accordance with s. 39(4)(5) and Sch. 29 Pt. 8(1) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [ss. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [162](https://www.legislation.gov.uk/ukpga/1995/4/section/162), [Sch. 6 para. 3](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/3), [Sch. 29 Pt. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/1), Note
[^c21821331]: [S. 23](https://www.legislation.gov.uk/ukpga/1988/1/section/23) repealed (with effect in accordance with s. 39(4)(5) and Sch. 29 Pt. 8(1) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [ss. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [162](https://www.legislation.gov.uk/ukpga/1995/4/section/162), [Sch. 6 para. 3](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/3), [Sch. 29 Pt. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/1), Note
[^c21856541]: [Ss. 21-21B](https://www.legislation.gov.uk/ukpga/1988/1/section/21) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) for s. 21 by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 4](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/4) (with [Sch. 5 paras. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73), [76](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/76))
[^c21856581]: [S. 21C](https://www.legislation.gov.uk/ukpga/1988/1/section/21C) inserted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 5](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/5) (with [Sch. 5 paras. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73), [76](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/76))
[^c21802491]: [S. 25](https://www.legislation.gov.uk/ukpga/1988/1/section/25) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/a); and s. 25 repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 6](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/6), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 68, 73)
[^c21794351]: [S. 26](https://www.legislation.gov.uk/ukpga/1988/1/section/26) repealed (with effect as mentioned in s. 39 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/5), Note
[^c21797681]: [S. 27](https://www.legislation.gov.uk/ukpga/1988/1/section/27) repealed (with effect as mentioned in s. 39 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/5), Note
[^c21802381]: [S. 28](https://www.legislation.gov.uk/ukpga/1988/1/section/28) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/a); and s. 28 repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 9](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/9), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c21802421]: [S. 29](https://www.legislation.gov.uk/ukpga/1988/1/section/29) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/b); and s. 29 repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 10](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/10), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c21802561]: [S. 31](https://www.legislation.gov.uk/ukpga/1988/1/section/31) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(c)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/c); and s. 31 repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 12](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/12), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 68, 73)
[^c23348321]: [S. 31A](https://www.legislation.gov.uk/ukpga/1988/1/section/31A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 16](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/16), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23348341]: [S. 31B](https://www.legislation.gov.uk/ukpga/1988/1/section/31B) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 16](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/16), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21859681]: [S. 32](https://www.legislation.gov.uk/ukpga/1988/1/section/32) repealed (with effect as mentioned in Sch. 15 para. 9(1) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [ss. 85](https://www.legislation.gov.uk/ukpga/1997/16/section/85), [113](https://www.legislation.gov.uk/ukpga/1997/16/section/113), [Sch. 15 para. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/15/paragraph/1), [Sch. 18 Pt. 06(11)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/06/11), Note
[^c21805361]: [S. 33](https://www.legislation.gov.uk/ukpga/1988/1/section/33) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(d)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/d); and s. 33 repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 13](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/13), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c23351661]: [Ss. 31ZA-31ZC](https://www.legislation.gov.uk/ukpga/1988/1/section/31ZA) inserted (with effect in accordance with [s. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 17(1)](https://www.legislation.gov.uk/ukpga/2007/11/section/17/1); [S.I. 2008/1521](https://www.legislation.gov.uk/uksi/2008/1521), [art. 2](https://www.legislation.gov.uk/uksi/2008/1521/article/2)
[^c23348211]: [Ss. 31A](https://www.legislation.gov.uk/ukpga/1988/1/section/31A), [31B](https://www.legislation.gov.uk/ukpga/1988/1/section/31B) inserted (with effect in accordance with [s. 143(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/143/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 143(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/143/1)
[^c21569941]: [S. 33A](https://www.legislation.gov.uk/ukpga/1988/1/section/33A) inserted (16.7.1992 with effect in relation to rents or receipts accruing on or after 10.3.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 57(1)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/57/1/2).
[^c21856701]: [S. 33A](https://www.legislation.gov.uk/ukpga/1988/1/section/33A) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(e)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/e); and s. 33A repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 14](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/14), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c21569951]: [S. 33B](https://www.legislation.gov.uk/ukpga/1988/1/section/33B) inserted (16.7.1992 with effect in relation to rents or receipts accruing on or after 10.3.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 57(1)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/57/1/2).
[^c21856711]: [S. 33B](https://www.legislation.gov.uk/ukpga/1988/1/section/33B) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(e)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/e); and s. 33B repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 14](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/14), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c21569931]: [Ss. 33A](https://www.legislation.gov.uk/ukpga/1988/1/section/33A), [33B](https://www.legislation.gov.uk/ukpga/1988/1/section/33B) inserted (16.7.1992 with effect in relation to rents or receipts accruing on or after 10.3.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 57(1)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/57/1/2).
[^c21794741]: [S. 34](https://www.legislation.gov.uk/ukpga/1988/1/section/34) sidenote substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 15(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/15/2), (with Sch. 5 para. 73)
[^c21797751]: [S. 35](https://www.legislation.gov.uk/ukpga/1988/1/section/35): word in sidenote substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 16(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/16/2) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c21805391]: [S. 36](https://www.legislation.gov.uk/ukpga/1988/1/section/36): word in sidenote substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 17(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/17/2) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23350011]: [S. 37A](https://www.legislation.gov.uk/ukpga/1988/1/section/37A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 21](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/21) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21812971]: [S. 41](https://www.legislation.gov.uk/ukpga/1988/1/section/41) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(g)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/g); and s. 41 repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 21](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/21), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c23350231]: [S. 42](https://www.legislation.gov.uk/ukpga/1988/1/section/42): words in sidenote inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 24(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/24/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23351681]: [S. 42A](https://www.legislation.gov.uk/ukpga/1988/1/section/42A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 7](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/7), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23367571]: [S. 43](https://www.legislation.gov.uk/ukpga/1988/1/section/43) repealed (with effect in accordance with s. 40(3) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 40(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/40/3), [Sch. 29 Pt. 8(16)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/16), Note 1
[^c22720821]: Cross-heading before s. 40 substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 19](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/19), (with Sch. 5 para. 73)
[^c21853711]: [S. 42A](https://www.legislation.gov.uk/ukpga/1988/1/section/42A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 40(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/40/1)
[^c23351581]: [Ss. 43A-43G](https://www.legislation.gov.uk/ukpga/1988/1/section/43A) repealed (with effect in accordance with Sch. 6 para. 1(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/1/1), [Sch. 26 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/12), Note
[^c23351601]: [Ss. 43A-43G](https://www.legislation.gov.uk/ukpga/1988/1/section/43A) repealed (with effect in accordance with Sch. 6 para. 1(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/1/1), [Sch. 26 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/12), Note
[^c23351611]: [Ss. 43A-43G](https://www.legislation.gov.uk/ukpga/1988/1/section/43A) repealed (with effect in accordance with Sch. 6 para. 1(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/1/1), [Sch. 26 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/12), Note
[^c23351621]: [Ss. 43A-43G](https://www.legislation.gov.uk/ukpga/1988/1/section/43A) repealed (with effect in accordance with Sch. 6 para. 1(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/1/1), [Sch. 26 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/12), Note
[^c23351631]: [Ss. 43A-43G](https://www.legislation.gov.uk/ukpga/1988/1/section/43A) repealed (with effect in accordance with Sch. 6 para. 1(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/1/1), [Sch. 26 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/12), Note
[^c23351641]: [Ss. 43A-43G](https://www.legislation.gov.uk/ukpga/1988/1/section/43A) repealed (with effect in accordance with Sch. 6 para. 1(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/1/1), [Sch. 26 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/12), Note
[^c23351651]: [Ss. 43A-43G](https://www.legislation.gov.uk/ukpga/1988/1/section/43A) repealed (with effect in accordance with Sch. 6 para. 1(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/1/1), [Sch. 26 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/12), Note
[^c21858801]: [Pt. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/2) heading substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 3](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/3) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c21821821]: [Ss. 43A-43G](https://www.legislation.gov.uk/ukpga/1988/1/section/43A) and cross-heading inserted (with effect in accordance with [s. 110(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/110/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s.110(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/110/1)
[^c21820321]: [S. 44](https://www.legislation.gov.uk/ukpga/1988/1/section/44) repealed (with effect in accordance with Sch. 7 para. 32 and Sch. 41 Pt. 5(2) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 7](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/7), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c21820341]: [S. 45](https://www.legislation.gov.uk/ukpga/1988/1/section/45) repealed (with effect in accordance with Sch. 7 para. 32 and Sch. 41 Pt. 5(2) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 8](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/8), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c21820351]: [S. 47](https://www.legislation.gov.uk/ukpga/1988/1/section/47) repealed (with effect in accordance with s. 154(9) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 154(7)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/7), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 28 para. 1](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/1), [Sch. 41 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/18), Note (with s. 154(2)-(6))
[^c21820361]: [S. 48](https://www.legislation.gov.uk/ukpga/1988/1/section/48) repealed (with effect in accordance with Sch. 7 para. 32 and Sch. 41 Pt. 5(2) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/9), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c23353441]: [S. 49(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/49/1) substituted (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No. 3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 2(2)(a)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/2/2/a) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^c23353461]: Words in [s. 49(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/49/2) inserted (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No. 3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 2(2)(b)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/2/2/b) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^c21825931]: [S. 49(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/49/3) inserted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 7 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/10) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c23353481]: [S. 49(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/49/4) inserted (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No. 3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 2(2)(c)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/2/2/c) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^c23353821]: [S. 50](https://www.legislation.gov.uk/ukpga/1988/1/section/50) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 8](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/8), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23353851]: [S. 51](https://www.legislation.gov.uk/ukpga/1988/1/section/51) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 8](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/8), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23353861]: [S. 51AA](https://www.legislation.gov.uk/ukpga/1988/1/section/51AA) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 8](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/8), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21821591]: [S. 51A](https://www.legislation.gov.uk/ukpga/1988/1/section/51A) repealed (with effect in accordance with s. 37(8) and Sch. 8 Pt. 2(13) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [ss. 37(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/5), [52](https://www.legislation.gov.uk/ukpga/1997/58/section/52), [Sch. 8 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/13)
[^c22720841]: [S. 51B](https://www.legislation.gov.uk/ukpga/1988/1/section/51B) repealed (with effect in accordance with s. 37(3) of the repealing Act and [S.I. 1999/619](https://www.legislation.gov.uk/uksi/1999/619)) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 37(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/37/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/3), Note
[^c21853451]: [S. 52](https://www.legislation.gov.uk/ukpga/1988/1/section/52) repealed (with effect in accordance with Sch. 7 para. 32 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 12](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/12), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2), Note (with Sch. 7 paras. 33-35)
[^c21821761]: [S. 51AA](https://www.legislation.gov.uk/ukpga/1988/1/section/51AA) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 155](https://www.legislation.gov.uk/ukpga/1996/8/section/155)
[^c21821341]: [S. 51A](https://www.legislation.gov.uk/ukpga/1988/1/section/51A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 77](https://www.legislation.gov.uk/ukpga/1995/4/section/77)
[^c21821641]: [S. 51B](https://www.legislation.gov.uk/ukpga/1988/1/section/51B) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 78(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/78/1)
[^c21858881]: [Pt. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/3) heading substituted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/32) of the amending Act) by Finance Act 1996, s. 79, Sch. 7 para. 6 (with Sch. 7 paras. 33-35)
[^c21570721]: [S. 54](https://www.legislation.gov.uk/ukpga/1988/1/section/54) repealed (15.3.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [Sch. 14 Pt. 5](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14/part/5), Note 2
[^c21570891]: SOURCE-1973 s. 26(1)
[^c21570901]: SOURCE-1974 s. 30(1)
[^c23354491]: [S. 56(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/2) modified (24.2.2003) by [Proceeds of Crime Act 2002 (c. 29)](https://www.legislation.gov.uk/ukpga/2002/29), [s. 458](https://www.legislation.gov.uk/ukpga/2002/29/section/458), [Sch. 10 para. 6](https://www.legislation.gov.uk/ukpga/2002/29/schedule/10/paragraph/6) (with [Sch. 10 para. 10](https://www.legislation.gov.uk/ukpga/2002/29/schedule/10/paragraph/10)); [S.I. 2003/120](https://www.legislation.gov.uk/uksi/2003/120), [art. 2](https://www.legislation.gov.uk/uksi/2003/120/article/2), [Sch.](https://www.legislation.gov.uk/uksi/2003/120/schedule) (with [arts. 3-7](https://www.legislation.gov.uk/uksi/2003/120/article/3) (as amended by [S.I. 2003/333](https://www.legislation.gov.uk/uksi/2003/333), [art. 14](https://www.legislation.gov.uk/uksi/2003/333/article/14)))
[^c21570921]: SOURCE-1973 s. 26(1); 1974 s. 30(1)
[^c23358071]: Word in [s. 56(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 34(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/34/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570931]: SOURCE-1973 s. 26(1)(a)(b); 1975 (No. 2) s. 50(1)
[^c23358131]: Words in [s. 56(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 34(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/34/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358171]: Word in [s. 56(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 34(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/34/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23376221]: Words in [s. 56(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/3/b) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 4](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/4) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21570941]: [S. 56(3A)-(3D)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/3A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 170](https://www.legislation.gov.uk/ukpga/1993/34/section/170), [Sch. 18 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/18/paragraph/2)
[^c21861011]: [S. 56(3A)-(3D)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/3A) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 141](https://www.legislation.gov.uk/ukpga/2002/23/section/141), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c21833011]: [S. 56(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/4A/4B) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 104](https://www.legislation.gov.uk/ukpga/1996/8/section/104), [Sch. 14 para. 6](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/6) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21570961]: SOURCE-1973 s. 26(4); 1974 s. 30(2), (1); 1968 s. 55(3); 1979(C) Sch. 7
[^c21570971]: Words in [s. 56(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/5) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(3)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/3) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21570981]: [S. 56A](https://www.legislation.gov.uk/ukpga/1988/1/section/56A) inserted (with application in relation to arrangements made after 16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 34](https://www.legislation.gov.uk/ukpga/1992/48/section/34), [Sch. 8 paras.1](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/1), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/6).
[^c21833031]: [S. 57](https://www.legislation.gov.uk/ukpga/1988/1/section/57) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note
[^c23354511]: [S. 58](https://www.legislation.gov.uk/ukpga/1988/1/section/58) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 8](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/8), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23358211]: [S. 59(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/59/1/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 35(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/35/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358261]: [Ss. 60-63A](https://www.legislation.gov.uk/ukpga/1988/1/section/60) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/36), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358281]: [Ss. 60-63A](https://www.legislation.gov.uk/ukpga/1988/1/section/60) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/36), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358291]: [Ss. 60-63A](https://www.legislation.gov.uk/ukpga/1988/1/section/60) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/36), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358301]: [Ss. 60-63A](https://www.legislation.gov.uk/ukpga/1988/1/section/60) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/36), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358311]: [Ss. 60-63A](https://www.legislation.gov.uk/ukpga/1988/1/section/60) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/36), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358321]: [Ss. 60-63A](https://www.legislation.gov.uk/ukpga/1988/1/section/60) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/36), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21825631]: [S. 62A](https://www.legislation.gov.uk/ukpga/1988/1/section/62A) inserted (with effect in accordance with [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 203](https://www.legislation.gov.uk/ukpga/1994/9/section/203) (with [Sch. 20](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20))
[^c21825691]: [S. 63A](https://www.legislation.gov.uk/ukpga/1988/1/section/63A) inserted (with effect in accordance with [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 205](https://www.legislation.gov.uk/ukpga/1994/9/section/205) (with [Sch. 20](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20))
[^c23358331]: [S. 64](https://www.legislation.gov.uk/ukpga/1988/1/section/64) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 37](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/37), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358341]: [S. 65](https://www.legislation.gov.uk/ukpga/1988/1/section/65) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 38](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/38), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358351]: [S. 65A](https://www.legislation.gov.uk/ukpga/1988/1/section/65A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 39](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/39), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21825861]: [S. 66](https://www.legislation.gov.uk/ukpga/1988/1/section/66) repealed (with effect in accordance with s. 218(1) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 207(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/207/4), [258](https://www.legislation.gov.uk/ukpga/1994/9/section/258), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 7 (with Sch. 20)
[^c21825871]: [S. 67](https://www.legislation.gov.uk/ukpga/1988/1/section/67) repealed (with effect in accordance with s. 218(1) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 207(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/207/4), [258](https://www.legislation.gov.uk/ukpga/1994/9/section/258), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 7 (with Sch. 20)
[^c23358361]: [S. 68](https://www.legislation.gov.uk/ukpga/1988/1/section/68) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 40](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/40), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358371]: [Ss. 68A-68C](https://www.legislation.gov.uk/ukpga/1988/1/section/68A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 41](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/41), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358381]: [Ss. 68A-68C](https://www.legislation.gov.uk/ukpga/1988/1/section/68A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 41](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/41), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358391]: [Ss. 68A-68C](https://www.legislation.gov.uk/ukpga/1988/1/section/68A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 41](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/41), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21827571]: [S. 65A](https://www.legislation.gov.uk/ukpga/1988/1/section/65A) inserted (with effect in accordance with [s. 41(5)-(10)](https://www.legislation.gov.uk/ukpga/1995/4/section/41/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 41(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/41/2)
[^c23354551]: [Ss. 68A-68C](https://www.legislation.gov.uk/ukpga/1988/1/section/68A) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 10](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/10) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23358421]: [S. 69](https://www.legislation.gov.uk/ukpga/1988/1/section/69) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 42](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/42), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21853521]: [S. 70A](https://www.legislation.gov.uk/ukpga/1988/1/section/70A) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 25](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/25) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23358431]: [S. 71](https://www.legislation.gov.uk/ukpga/1988/1/section/71) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 43](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/43), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21827631]: [S. 73](https://www.legislation.gov.uk/ukpga/1988/1/section/73) repealed (with effect in accordance with s. 103(7) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [ss. 115(09)](https://www.legislation.gov.uk/ukpga/1995/4/section/115/09), [162](https://www.legislation.gov.uk/ukpga/1995/4/section/162), [Sch. 29 Pt. 8(14)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/14), Note 2
[^c23356451]: [S. 75A](https://www.legislation.gov.uk/ukpga/1988/1/section/75A) inserted (with effect in accordance with ss. 42, 43 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 39](https://www.legislation.gov.uk/ukpga/2004/12/section/39)
[^c23356471]: [S. 75B](https://www.legislation.gov.uk/ukpga/1988/1/section/75B) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 45(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/45/1) (with [s. 45(2)(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/45/2/3))
[^c23393711]: [S. 76ZD](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZD) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 34](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/34) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393731]: [S. 76ZE](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZE) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 35](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/35) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393751]: [S. 76ZG](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZG) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 37](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/37) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393771]: [S. 76ZH](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZH) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 38](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/38) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393791]: [S. 76ZI](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZI) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 39](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/39) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393811]: [S. 76ZJ](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZJ) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 40](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/40) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393831]: [S. 76ZM](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZM) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 43](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/43) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23418101]: [S. 76ZN](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZN) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 44](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/44) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23404441]: [S. 76ZO](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZO) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 45](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/45) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c21848981]: [S. 95](https://www.legislation.gov.uk/ukpga/1988/1/section/95) sidenote substituted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(9)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/9)
[^c23385091]: [S. 95ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/95ZA) inserted (with effect in accordance with [Sch. 17 para. 16(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/17/paragraph/16/2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 17 para. 16(1)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/17/paragraph/16/1)
[^c23358691]: [S. 95A](https://www.legislation.gov.uk/ukpga/1988/1/section/95A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 75](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/75), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358711]: [S. 96](https://www.legislation.gov.uk/ukpga/1988/1/section/96) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 76](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/76), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21853681]: [S. 98](https://www.legislation.gov.uk/ukpga/1988/1/section/98) substituted (17.3.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 41(1)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/41/1/3) (with [s. 41(4)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/41/4))
[^c21860731]: [S. 95A](https://www.legislation.gov.uk/ukpga/1988/1/section/95A) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 71(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/71/1)
[^c23393581]: [S. 76ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZA) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 31](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/31) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393601]: [S. 76ZB](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZB) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 32](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/32) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393621]: [S. 76ZC](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZC) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 33](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/33) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393641]: [S. 76ZF](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZF) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/36) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23418091]: [S. 76ZK](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZK) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 41](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/41) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393691]: [S. 76ZL](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZL) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 42](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/42) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c21853821]: Words in [s. 104](https://www.legislation.gov.uk/ukpga/1988/1/section/104) sidenote repealed (with effect in accordance with Sch. 27 Pt. 3(6) Note of the repealing act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/6)
[^c23359051]: [S. 107](https://www.legislation.gov.uk/ukpga/1988/1/section/107) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 86](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/86), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359071]: [S. 108](https://www.legislation.gov.uk/ukpga/1988/1/section/108) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 87](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/87), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359081]: [S. 109](https://www.legislation.gov.uk/ukpga/1988/1/section/109) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 88](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/88), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23376901]: [S. 109A](https://www.legislation.gov.uk/ukpga/1988/1/section/109A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 11](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/11), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23359171]: [S. 110A](https://www.legislation.gov.uk/ukpga/1988/1/section/110A) and preceding cross-heading repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 91](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/91), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23423311]: [S. 110A](https://www.legislation.gov.uk/ukpga/1988/1/section/110A) and preceding cross-heading repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 91](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/91), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21852201]: Words in [Pt. 4 Ch. 6](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/6) heading repealed (with application in accordance with Sch. 27 Pt. 3(6) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/6)
[^c21829351]: [S. 109A](https://www.legislation.gov.uk/ukpga/1988/1/section/109A) and preceding cross-heading inserted (with effect in accordance with [s. 90(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/90/7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 90(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/90/1)
[^c21829571]: [S. 110A](https://www.legislation.gov.uk/ukpga/1988/1/section/110A) and preceding cross-heading inserted (with effect in accordance with [s. 124(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/124/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 124(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/124/1)
[^c21821431]: [S. 111](https://www.legislation.gov.uk/ukpga/1988/1/section/111) substituted (with effect in accordance with s. 215(4)(5) of the 1994 amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 215(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/215/1) (as amended (retrospectively) by Finance Act [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 117(1)(a)(2)(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/117/1/a/2/4)) (with Sch. 20)
[^c23359181]: [S. 111(2)-(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/111/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 92(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/92/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359311]: [S. 112](https://www.legislation.gov.uk/ukpga/1988/1/section/112) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 93](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/93), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359331]: [S. 113](https://www.legislation.gov.uk/ukpga/1988/1/section/113) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 94](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/94), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23376911]: [S. 117](https://www.legislation.gov.uk/ukpga/1988/1/section/117) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 13](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/13), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376741]: [Ss. 118ZE-118ZK](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZE) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 18](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/18), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376761]: [Ss. 118ZE-118ZK](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZE) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 18](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/18), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376771]: [Ss. 118ZE-118ZK](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZE) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 18](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/18), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376781]: [Ss. 118ZE-118ZK](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZE) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 18](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/18), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376791]: [Ss. 118ZE-118ZK](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZE) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 18](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/18), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376801]: [Ss. 118ZE-118ZK](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZE) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 18](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/18), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376811]: [Ss. 118ZE-118ZK](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZE) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 18](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/18), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376821]: [Ss. 118ZL](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZL), [118ZM](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZM) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 19](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/19), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376831]: [Ss. 118ZL](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZL), [118ZM](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZM) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 19](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/19), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376841]: [Ss. 118ZN](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZN), [118ZO](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZO) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 20](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/20), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376851]: [Ss. 118ZN](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZN), [118ZO](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZO) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 20](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/20), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21860551]: [Ss. 118ZA-118ZD](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZA) and preceding cross-heading inserted (6.4.2001) by [Limited Liability Partnerships Act 2000 (c. 12)](https://www.legislation.gov.uk/ukpga/2000/12), [ss. 10(1)](https://www.legislation.gov.uk/ukpga/2000/12/section/10/1), [19(1)](https://www.legislation.gov.uk/ukpga/2000/12/section/19/1); [S.I. 2000/3316](https://www.legislation.gov.uk/uksi/2000/3316), [art. 2](https://www.legislation.gov.uk/uksi/2000/3316/article/2)
[^c23356701]: [Ss. 118ZE-118ZK](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZE) and preceding cross-heading inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 124(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/124/1)
[^c23356721]: [Ss. 118ZL](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZL), [118ZM](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZM) and preceding cross-heading inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 125](https://www.legislation.gov.uk/ukpga/2004/12/section/125)
[^c23357871]: [Ss. 118ZN](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZN), [118ZO](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZO) and preceding cross-heading inserted (retrospective to 2.12.2004) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 73(1)(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/73/1/5)
[^c23472581]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472601]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472611]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472621]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472631]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472641]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472651]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472661]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472671]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472681]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472691]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472701]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c21835151]: [S. 123](https://www.legislation.gov.uk/ukpga/1988/1/section/123) repealed (with effect in accordance with Sch. 7 para. 32 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 13](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/13), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2), Note (with Sch. 7 paras. 33-35)
[^c21858771]: [S. 124](https://www.legislation.gov.uk/ukpga/1988/1/section/124) repealed (with effect in accordance with s. 111(6)(b) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/2), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 2
[^c23357911]: [S. 125](https://www.legislation.gov.uk/ukpga/1988/1/section/125) title substituted (retrospective to 2.12.2004) by virtue of [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 91(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/91/3)
[^c21846551]: [Ss. 126](https://www.legislation.gov.uk/ukpga/1988/1/section/126), [126A](https://www.legislation.gov.uk/ukpga/1988/1/section/126A) repealed (with effect in accordance with s. 105(1) of the repealing Act) by Finance Act 1996, Sch. 41 Pt. 5(3), Note
[^c21846561]: [Ss. 126](https://www.legislation.gov.uk/ukpga/1988/1/section/126), [126A](https://www.legislation.gov.uk/ukpga/1988/1/section/126A) repealed (with effect in accordance with s. 105(1) of the repealing Act) by Finance Act 1996, Sch. 41 Pt. 5(3), Note
[^c23359451]: [S. 127](https://www.legislation.gov.uk/ukpga/1988/1/section/127) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 108](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/108), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359471]: [S. 127A](https://www.legislation.gov.uk/ukpga/1988/1/section/127A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 109](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/109), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359481]: [S. 128(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/128/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 110](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/110), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21861331]: [S. 128(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/128/2) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 3(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/3/2) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c21847681]: [Ss. 129](https://www.legislation.gov.uk/ukpga/1988/1/section/129), [129A](https://www.legislation.gov.uk/ukpga/1988/1/section/129A) repealed (with effect in accordance with Sch. 10 para. 7(1) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/1), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10), Note 1; [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c21847691]: [Ss. 129](https://www.legislation.gov.uk/ukpga/1988/1/section/129), [129A](https://www.legislation.gov.uk/ukpga/1988/1/section/129A) repealed (with effect in accordance with Sch. 10 para. 7(1) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/1), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10), Note 1; [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23376641]: Words in [s. 129B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/129B/2) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 6](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/6) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21847701]: Word in [s. 129B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/129B/3) substituted (with effect in accordance with [Sch. 10 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/7/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 2(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/2/1); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c21847721]: [S. 129B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/129B/4) substituted (with effect in accordance with [Sch. 10 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/7/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 2(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/2/2); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c21574461]: Source—1970 s.304(5); 1980 Sch.11
[^c23356741]: [S. 130](https://www.legislation.gov.uk/ukpga/1988/1/section/130): definition of "company with investment business" inserted (with effect in accordance with ss. 38(5), 42, 43 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 38(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/38/3)
[^c21574471]: [1985 c. 58](https://www.legislation.gov.uk/ukpga/1985/58).
[^c21847621]: [S. 127A](https://www.legislation.gov.uk/ukpga/1988/1/section/127A) inserted (with effect in accordance with [s. 80(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 80(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/1)
[^c21832811]: [S. 129A](https://www.legislation.gov.uk/ukpga/1988/1/section/129A) inserted (with application in accordance with [s. 85(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/85/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 85(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/85/1)
[^c21846631]: [S. 129B](https://www.legislation.gov.uk/ukpga/1988/1/section/129B) inserted (with effect in accordance with [s. 157(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/157/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 157(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/157/1)
[^c21832911]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 29 para. 1](https://www.legislation.gov.uk/ukpga/1996/8/schedule/29/paragraph/1)
[^c23390551]: [Ss. 131-134](https://www.legislation.gov.uk/ukpga/1988/1/section/131) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 14](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/14), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390571]: [Ss. 131-134](https://www.legislation.gov.uk/ukpga/1988/1/section/131) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 14](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/14), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390581]: [Ss. 131-134](https://www.legislation.gov.uk/ukpga/1988/1/section/131) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 14](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/14), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390591]: [Ss. 131-134](https://www.legislation.gov.uk/ukpga/1988/1/section/131) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 14](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/14), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390601]: [Ss. 135-137](https://www.legislation.gov.uk/ukpga/1988/1/section/135) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 15](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/15), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390611]: [Ss. 135-137](https://www.legislation.gov.uk/ukpga/1988/1/section/135) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 15](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/15), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390621]: [Ss. 135-137](https://www.legislation.gov.uk/ukpga/1988/1/section/135) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 15](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/15), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390711]: [S. 140](https://www.legislation.gov.uk/ukpga/1988/1/section/140) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 17](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/17), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [s. 418(4)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/4), [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390631]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390641]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390651]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390661]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390671]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390681]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390691]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390701]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22206561]: [Ss. 140A-140C](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) inserted (with application in accordance with [s. 50(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/50/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 50(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/50/1)
[^c22206591]: [Ss. 140D-140F](https://www.legislation.gov.uk/ukpga/1988/1/section/140D) inserted (with application in accordance with [s. 51(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/51/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 51(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/51/1)
[^c22206621]: [S. 140G](https://www.legislation.gov.uk/ukpga/1988/1/section/140G) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/52/1)
[^c22206641]: [S. 140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140H) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 53](https://www.legislation.gov.uk/ukpga/1998/36/section/53)
[^c23390721]: [Ss. 141-144](https://www.legislation.gov.uk/ukpga/1988/1/section/141) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 19](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/19), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390731]: [Ss. 141-144](https://www.legislation.gov.uk/ukpga/1988/1/section/141) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 19](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/19), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390741]: [Ss. 141-144](https://www.legislation.gov.uk/ukpga/1988/1/section/141) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 19](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/19), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390751]: [Ss. 141-144](https://www.legislation.gov.uk/ukpga/1988/1/section/141) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 19](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/19), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390761]: [S. 144A](https://www.legislation.gov.uk/ukpga/1988/1/section/144A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 20](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/20), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21880731]: [S. 144A](https://www.legislation.gov.uk/ukpga/1988/1/section/144A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 132](https://www.legislation.gov.uk/ukpga/1994/9/section/132)
[^c23390771]: [Ss. 145-147](https://www.legislation.gov.uk/ukpga/1988/1/section/145) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 21](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/21), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390781]: [Ss. 145-147](https://www.legislation.gov.uk/ukpga/1988/1/section/145) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 21](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/21), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390791]: [Ss. 145-147](https://www.legislation.gov.uk/ukpga/1988/1/section/145) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 21](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/21), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390801]: [Ss. 145-147](https://www.legislation.gov.uk/ukpga/1988/1/section/145) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 21](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/21), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22171441]: [S. 146A](https://www.legislation.gov.uk/ukpga/1988/1/section/146A) inserted (with application in accordance with [s. 106(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/106/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 106(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/106/2)
[^c23390821]: [Ss. 148-151A](https://www.legislation.gov.uk/ukpga/1988/1/section/148) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 22](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/22), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390831]: [Ss. 148-151A](https://www.legislation.gov.uk/ukpga/1988/1/section/148) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 22](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/22), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390841]: [Ss. 148-151A](https://www.legislation.gov.uk/ukpga/1988/1/section/148) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 22](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/22), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390861]: [Ss. 148-151A](https://www.legislation.gov.uk/ukpga/1988/1/section/148) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 22](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/22), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390851]: [Ss. 148-151A](https://www.legislation.gov.uk/ukpga/1988/1/section/148) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 22](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/22), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23392071]: [S. 152](https://www.legislation.gov.uk/ukpga/1988/1/section/152) sidenote substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 23](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/23) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22198641]: [S. 151A](https://www.legislation.gov.uk/ukpga/1988/1/section/151A) inserted (2.9.1996) by [Jobseekers Act 1995 (c. 18)](https://www.legislation.gov.uk/ukpga/1995/18), [s. 41(2)(4)](https://www.legislation.gov.uk/ukpga/1995/18/section/41/2/4), [Sch. 2 para. 12](https://www.legislation.gov.uk/ukpga/1995/18/schedule/2/paragraph/12); [S.I. 1996/2208](https://www.legislation.gov.uk/uksi/1996/2208), [art. 2(a)](https://www.legislation.gov.uk/uksi/1996/2208/article/2/a)
[^c23390871]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390891]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390901]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390911]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390921]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390931]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21576141]: [S. 155A](https://www.legislation.gov.uk/ukpga/1988/1/section/155A) inserted (1990-91 and subsequent years of assessment) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 21(1)(3)](https://www.legislation.gov.uk/ukpga/1990/29/section/21/1/3)
[^c23390941]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390951]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390961]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390971]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390981]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390991]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391001]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21577131]: [Ss. 159AA](https://www.legislation.gov.uk/ukpga/1988/1/section/159AA), [159AB](https://www.legislation.gov.uk/ukpga/1988/1/section/159AB) inserted after s. 159 (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/4), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c23391011]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21577141]: [Ss. 159AA](https://www.legislation.gov.uk/ukpga/1988/1/section/159AA), [159AB](https://www.legislation.gov.uk/ukpga/1988/1/section/159AB) inserted after s. 159 (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/4), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c23391021]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21577241]: [S. 159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/159AC) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 74(1)(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/74/1/3)
[^c23391031]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23443291]: [S. 159A](https://www.legislation.gov.uk/ukpga/1988/1/section/159A) inserted (1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 30(2)(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/30/2/3)
[^c22222721]: [S. 159A](https://www.legislation.gov.uk/ukpga/1988/1/section/159A) repealed (with effect in accordance with s. 44(6) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [ss. 44(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/44/2), [139](https://www.legislation.gov.uk/ukpga/1999/16/section/139), [Sch. 20 Pt. 3(9)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/9), Note
[^c23391051]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391061]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391071]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391081]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391091]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391101]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391111]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391121]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22226231]: [S. 155ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/155ZA) inserted (with effect in accordance with [s. 57(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 57(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/1), [Sch. 10 para. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/10/paragraph/2/1)
[^c22226281]: [S. 155ZB](https://www.legislation.gov.uk/ukpga/1988/1/section/155ZB) inserted (with effect in accordance with [s. 57(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 57(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/1), [Sch. 10 para. 3(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/10/paragraph/3/1)
[^c22222681]: [S. 155AA](https://www.legislation.gov.uk/ukpga/1988/1/section/155AA) inserted (with effect in accordance with [s. 44(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/44/6) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 44(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/44/1)
[^c22223051]: [S. 156A](https://www.legislation.gov.uk/ukpga/1988/1/section/156A) inserted (with application in accordance with [s. 45(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/45/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 45(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/45/1)
[^c21881581]: [S. 157A](https://www.legislation.gov.uk/ukpga/1988/1/section/157A) inserted (with effect in accordance with [s. 43(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/43/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 43(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/43/1)
[^c22226321]: [S. 161A](https://www.legislation.gov.uk/ukpga/1988/1/section/161A) inserted (with effect in accordance with [s. 57(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 57(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/1), [Sch. 10 para. 4(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/10/paragraph/4/1)
[^c22226401]: [S. 161B](https://www.legislation.gov.uk/ukpga/1988/1/section/161B) inserted (with effect in accordance with [s. 57(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 57(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/1), [Sch. 10 para. 5(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/10/paragraph/5/1)
[^c23391131]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391141]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391151]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578161]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391161]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391171]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391181]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578171]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391191]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578181]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391201]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578191]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391211]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578201]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391221]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578211]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391231]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578221]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391241]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21881681]: [S. 168AA](https://www.legislation.gov.uk/ukpga/1988/1/section/168AA) inserted (with effect in accordance with [s. 44(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/44/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 44(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/44/2)
[^c22208041]: [S. 168AB](https://www.legislation.gov.uk/ukpga/1988/1/section/168AB) inserted (with effect in accordance with [s. 60(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/60/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 60(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/60/3)
[^c21575751]: [Pt. 5 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/5/chapter/2) heading substituted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 53(2)(a)](https://www.legislation.gov.uk/ukpga/1989/26/section/53/2/a)
[^c22204861]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204871]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204891]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204901]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204921]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204931]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204941]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204951]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204961]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c21578611]: [Ss. 177A](https://www.legislation.gov.uk/ukpga/1988/1/section/177A), [177B](https://www.legislation.gov.uk/ukpga/1988/1/section/177B) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 4 para. 3](https://www.legislation.gov.uk/ukpga/1989/26/schedule/4/paragraph/3)
[^c22204971]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204981]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204991]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22205011]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22205021]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22205031]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22205041]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22205061]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22205071]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c23391251]: [S. 185](https://www.legislation.gov.uk/ukpga/1988/1/section/185) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 25](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/25), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22180871]: [S. 186](https://www.legislation.gov.uk/ukpga/1988/1/section/186) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 115(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/115/1), [116(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/116/3)
[^c23392841]: [S. 186](https://www.legislation.gov.uk/ukpga/1988/1/section/186) continued (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 418(3)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21579481]: Source—1978 s.53(1)
[^c22225891]: Words in [s. 186(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/1) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 49(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/49/3)
[^c21579491]: Source—1978 s.53(3)
[^c21579501]: Words in [s. 186(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/2/b) substituted (in respect of acquisitions of shares on or after 26.10.1987) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 89](https://www.legislation.gov.uk/ukpga/1988/39/section/89)
[^c21579511]: Source—1978 s.56(1); 1982 s.42(1)
[^c23392681]: Words in [s. 186(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/3) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 26(2)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/26/2/a), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23392701]: Words in [s. 186(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/3) added (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 26(2)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/26/2/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21579521]: Source—1978 s.55(1)
[^c23392781]: Words in [s. 186(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/4) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 26(3)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/26/3/a), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23392801]: Words in [s. 186(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/4) added (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 26(3)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/26/3/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21579531]: Source—1978 s.55(2)-(4)
[^c23392821]: Words in [s. 186(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/5/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 26(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/26/4) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21579541]: Source—1978 s.55(5), (9)
[^c21579551]: Source—1978 s.55(7), (8)
[^c22194331]: [S. 186(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/10/b) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 134(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/1), [Sch. 20 para. 11(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/11/a)
[^c22194351]: Words in [s. 186(10)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/10/c) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 134(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/1), [Sch. 20 para. 11(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/11/b)
[^c21579561]: Source—1978 s.53(6)
[^c21579571]: Source—1978 s.56(6); 1980 s.46(6); 1982 s.42(2); 1985 s.45(4)
[^c22181271]: Words in [s. 186(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/12) substituted (with effect in accordance with [s. 118(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/118/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 118(1)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/118/1/a)
[^c22181311]: Words in [s. 186(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/12) substituted (with effect in accordance with [s. 118(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/118/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 118(1)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/118/1/b)
[^c22180881]: [S. 187](https://www.legislation.gov.uk/ukpga/1988/1/section/187) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 115(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/115/1), [116(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/116/3)
[^c22181531]: [S. 187](https://www.legislation.gov.uk/ukpga/1988/1/section/187) applied (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 114](https://www.legislation.gov.uk/ukpga/1996/8/section/114), [Sch. 16 para. 5(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/16/paragraph/5/1)
[^c23450551]: [S. 187](https://www.legislation.gov.uk/ukpga/1988/1/section/187) continued so far as relating to APS schemes (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 418(3)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23450491]: [S. 187(1)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/1)(6)(7) repealed (except so far as relating to profit sharing schemes) (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 27](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/27), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21579891]: Source—1978 ss.53(2), 54(2), (4)(b), 6, 56(1), 57(1), (4), 61(1), Sch.9 1, 16; 1980 s.46(4), Sch.10 5(b), 8, 26(1); 1982 s.40(8); 1983 s.25(1); 1984 Sch.10 15(1), (2); 1985 s.45(2)
[^c21579901]: Words in [s. 187(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/2) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(13)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/13) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c22162681]: [S. 187(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/2): definition of "pensionable age" repealed (19.7.1995) by [Pensions Act 1995 (c. 26)](https://www.legislation.gov.uk/ukpga/1995/26), [ss. 126](https://www.legislation.gov.uk/ukpga/1995/26/section/126), [177](https://www.legislation.gov.uk/ukpga/1995/26/section/177), [180(2)(a)](https://www.legislation.gov.uk/ukpga/1995/26/section/180/2/a), [Sch. 4 para. 12(a)](https://www.legislation.gov.uk/ukpga/1995/26/schedule/4/paragraph/12/a), [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/1995/26/schedule/7/part/2)
[^c22180981]: Word in [s. 187(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/2) substituted (with effect in accordance with [s. 116(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/116/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 116(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/116/1)
[^c21579931]: Words in [s. 187(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/2) substituted (for the year 1991-92 and subsequent years of assessment) by virtue of [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 41(1)(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/41/1/2)
[^c21579941]: [S. 187(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/2): definition of "specified age" inserted by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 38(4)](https://www.legislation.gov.uk/ukpga/1991/31/section/38/4)
[^c21579951]: Source—1970 s.285(6); 1978 Sch.9 11(3)(b); 1980 Sch.10 26(2); 1984 Sch.10 4(4)
[^c21579961]: Words in [s. 187(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/3) substituted (in relation to accounting periods beginning after 31.3.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 12 para. 9](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/9)
[^c21579981]: Source—1987 s.33(2)
[^c21579991]: Source—1978 s.61(4); 1983 s.25(2)
[^c21580001]: Source—1978 Sch.9 16; 1980 Sch.10 26(4); 1984 Sch.10 15(3)
[^c21580011]: Source—1978 Sch.9 17; 1980 Sch.10 26(5); 1984 Sch.10 15(4); 1986 s.23(5)
[^c21580021]: Source—1978 s.55(6)
[^c22181261]: [S. 187(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/8/b) and preceding word repealed (with effect in accordance with s. 117(3) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 117(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/117/2), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 41 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/5), Note 1
[^c21580031]: Source—1978 s.61(2)
[^c21580041]: Source—1978 Sch.9 18; 1986 s.24(1)
[^c21580061]: [1969 c. 24](https://www.legislation.gov.uk/ukpga/1969/24). (N.I.).
[^c23391271]: [S. 187A](https://www.legislation.gov.uk/ukpga/1988/1/section/187A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/a), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22217541]: [S. 188](https://www.legislation.gov.uk/ukpga/1988/1/section/188) repealed (with application in accordance with s. 58(4) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(9)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/9), Note
[^c23391281]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391291]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391301]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21580261]: [Ss. 191A](https://www.legislation.gov.uk/ukpga/1988/1/section/191A), [191B](https://www.legislation.gov.uk/ukpga/1988/1/section/191B) and preceding cross-heading inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/1)
[^c23391311]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21580271]: [Ss. 191A](https://www.legislation.gov.uk/ukpga/1988/1/section/191A), [191B](https://www.legislation.gov.uk/ukpga/1988/1/section/191B) and preceding cross-heading inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/1)
[^c23391321]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21580251]: [Ss. 191A](https://www.legislation.gov.uk/ukpga/1988/1/section/191A), [191B](https://www.legislation.gov.uk/ukpga/1988/1/section/191B) and preceding cross-heading inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/1)
[^c23391331]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391341]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391351]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391361]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391371]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391381]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391391]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21580471]: [S. 197A](https://www.legislation.gov.uk/ukpga/1988/1/section/197A) inserted (1988-89 and subsequent years of assessment) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 46(4)](https://www.legislation.gov.uk/ukpga/1988/39/section/46/4)
[^c23391401]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391411]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391421]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391431]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22210541]: [S. 192A](https://www.legislation.gov.uk/ukpga/1988/1/section/192A) inserted (with effect in accordance with [s. 63(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/2) (with [s. 63(6)(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/6/7))
[^c22223731]: [Ss. 197AA](https://www.legislation.gov.uk/ukpga/1988/1/section/197AA), [197AB](https://www.legislation.gov.uk/ukpga/1988/1/section/197AB) inserted (with effect in accordance with [s. 48(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/48/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 48(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/48/1)
[^c22223961]: [S. 197AC](https://www.legislation.gov.uk/ukpga/1988/1/section/197AC) inserted (with effect in accordance with [s. 50(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/50/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 50(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/50/1)
[^c23391441]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391451]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391461]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391471]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391481]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22246071]: [Ss. 197B-197F](https://www.legislation.gov.uk/ukpga/1988/1/section/197B) repealed (with effect in accordance with Sch. 33 Pt. 2(1) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/1)
[^c22246081]: [Ss. 197B-197F](https://www.legislation.gov.uk/ukpga/1988/1/section/197B) repealed (with effect in accordance with Sch. 33 Pt. 2(1) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/1)
[^c22246091]: [Ss. 197B-197F](https://www.legislation.gov.uk/ukpga/1988/1/section/197B) repealed (with effect in accordance with Sch. 33 Pt. 2(1) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/1)
[^c22246101]: [Ss. 197B-197F](https://www.legislation.gov.uk/ukpga/1988/1/section/197B) repealed (with effect in accordance with Sch. 33 Pt. 2(1) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/1)
[^c22246111]: [Ss. 197B-197F](https://www.legislation.gov.uk/ukpga/1988/1/section/197B) repealed (with effect in accordance with Sch. 33 Pt. 2(1) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/1)
[^c23451201]: [Ss. 197B-197F](https://www.legislation.gov.uk/ukpga/1988/1/section/197B) and preceding cross-heading inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 23](https://www.legislation.gov.uk/ukpga/1990/29/section/23), [Sch. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/4)
[^c23391541]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21580511]: [S. 197G](https://www.legislation.gov.uk/ukpga/1988/1/section/197G) and preceding cross-heading inserted (27.7.1993 with application for the year 1993-94 and subsequent years of assessment) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 75(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/75/1/2)
[^c23391551]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22217641]: [S. 198A](https://www.legislation.gov.uk/ukpga/1988/1/section/198A) repealed (with effect in accordance with Sch. 27 Pt. 3(10) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/10)
[^c23391561]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391571]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391581]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391591]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391601]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391611]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391621]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391631]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391641]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391651]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391661]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391671]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391681]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391691]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391701]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21580621]: [S. 201A](https://www.legislation.gov.uk/ukpga/1988/1/section/201A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 77](https://www.legislation.gov.uk/ukpga/1990/29/section/77)
[^c23391711]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391721]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22201701]: [S. 198A](https://www.legislation.gov.uk/ukpga/1988/1/section/198A) inserted (with effect in accordance with [s. 62(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/62/5) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 62(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/62/2)
[^c22225281]: [S. 200ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/200ZA) inserted (with effect in accordance with [s. 52(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/52/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/52/1), [Sch. 5 para. 2(1)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/5/paragraph/2/1)
[^c22172491]: [S. 200AA](https://www.legislation.gov.uk/ukpga/1988/1/section/200AA) inserted (with effect in accordance with [s. 108(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/108/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 108(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/108/1)
[^c21881991]: [S. 200A](https://www.legislation.gov.uk/ukpga/1988/1/section/200A) inserted (with effect in accordance with [s. 93(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/93/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 93(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/93/4)
[^c22202021]: [Ss. 200B-200D](https://www.legislation.gov.uk/ukpga/1988/1/section/200B) inserted (with application in accordance with [s. 63(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/63/3) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 63(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/63/1)
[^c22226151]: [Ss. 200E-200H](https://www.legislation.gov.uk/ukpga/1988/1/section/200E), [200J](https://www.legislation.gov.uk/ukpga/1988/1/section/200J) inserted (with application in accordance with [s. 58(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/58/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 58(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/58/1)
[^c21881771]: [S. 201AA](https://www.legislation.gov.uk/ukpga/1988/1/section/201AA) inserted (with effect in accordance with [s. 91(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/91/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 91(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/91/1)
[^c22225981]: [S. 187A](https://www.legislation.gov.uk/ukpga/1988/1/section/187A) and preceding cross-heading inserted (with application in accordance with [s. 56(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/56/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 56(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/56/1)
[^c22243601]: [Ss. 197AD-197AH](https://www.legislation.gov.uk/ukpga/1988/1/section/197AD) and preceding cross-heading inserted (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 57(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/1)
[^c21580791]: [Ss. 202A](https://www.legislation.gov.uk/ukpga/1988/1/section/202A), [202B](https://www.legislation.gov.uk/ukpga/1988/1/section/202B) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 37](https://www.legislation.gov.uk/ukpga/1989/26/section/37)
[^c23391731]: [Ss. 202A](https://www.legislation.gov.uk/ukpga/1988/1/section/202A), [202B](https://www.legislation.gov.uk/ukpga/1988/1/section/202B) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 29](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/29), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391751]: [Ss. 202A](https://www.legislation.gov.uk/ukpga/1988/1/section/202A), [202B](https://www.legislation.gov.uk/ukpga/1988/1/section/202B) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 29](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/29), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391761]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21581021]: [S. 203A](https://www.legislation.gov.uk/ukpga/1988/1/section/203A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 37(2)(4)(5)](https://www.legislation.gov.uk/ukpga/1989/26/section/37/2/4/5)
[^c23391771]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391781]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391791]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391801]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391811]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391821]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391831]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391841]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391851]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391861]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391871]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391881]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391891]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391901]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391911]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391921]: [Ss. 205](https://www.legislation.gov.uk/ukpga/1988/1/section/205), [206](https://www.legislation.gov.uk/ukpga/1988/1/section/206) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 31](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/31), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391931]: [Ss. 205](https://www.legislation.gov.uk/ukpga/1988/1/section/205), [206](https://www.legislation.gov.uk/ukpga/1988/1/section/206) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 31](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/31), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391941]: [S. 206A](https://www.legislation.gov.uk/ukpga/1988/1/section/206A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 32](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/32), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391951]: [S. 207](https://www.legislation.gov.uk/ukpga/1988/1/section/207) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 32](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/32), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21880581]: [S. 203B](https://www.legislation.gov.uk/ukpga/1988/1/section/203B) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 125](https://www.legislation.gov.uk/ukpga/1994/9/section/125)
[^c21880611]: [Ss. 203C-203E](https://www.legislation.gov.uk/ukpga/1988/1/section/203C) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 126](https://www.legislation.gov.uk/ukpga/1994/9/section/126)
[^c21880631]: [S. 203F](https://www.legislation.gov.uk/ukpga/1988/1/section/203F) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 127](https://www.legislation.gov.uk/ukpga/1994/9/section/127)
[^c22212711]: [S. 203FA](https://www.legislation.gov.uk/ukpga/1988/1/section/203FA) inserted (with effect in accordance with [s. 66(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/66/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 66(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/66/1) (with [s. 66(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/66/3))
[^c22212731]: [S. 203FB](https://www.legislation.gov.uk/ukpga/1988/1/section/203FB) inserted (with effect in accordance with [s. 67(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/67/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 67(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/67/1) (with [s. 67(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/67/3))
[^c21880651]: [S. 203G](https://www.legislation.gov.uk/ukpga/1988/1/section/203G) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 128](https://www.legislation.gov.uk/ukpga/1994/9/section/128)
[^c21880671]: [S. 203H](https://www.legislation.gov.uk/ukpga/1988/1/section/203H) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 129](https://www.legislation.gov.uk/ukpga/1994/9/section/129)
[^c21880691]: [S. 203I](https://www.legislation.gov.uk/ukpga/1988/1/section/203I) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 130](https://www.legislation.gov.uk/ukpga/1994/9/section/130)
[^c21880711]: [Ss. 203J-203L](https://www.legislation.gov.uk/ukpga/1988/1/section/203J) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 131](https://www.legislation.gov.uk/ukpga/1994/9/section/131)
[^c22172581]: [S. 206A](https://www.legislation.gov.uk/ukpga/1988/1/section/206A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 110](https://www.legislation.gov.uk/ukpga/1996/8/section/110)
[^c21581121]: [S. 207A](https://www.legislation.gov.uk/ukpga/1988/1/section/207A) inserted (27.7.1993 with application in relation to the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 77(1)(2)(5)](https://www.legislation.gov.uk/ukpga/1993/34/section/77/1/2/5)
[^c21891631]: [S. 207A](https://www.legislation.gov.uk/ukpga/1988/1/section/207A) repealed (with effect in accordance with s. 73 of the repealing Act) by Finance Act 1996, Sch. 41 Pt. 5(1), Note 1
[^c23397491]: [Pt. 6 Chs. 1-3](https://www.legislation.gov.uk/ukpga/1988/1/part/6/chapter/1): power to amend conferred (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 533(2)(3)(d)](https://www.legislation.gov.uk/ukpga/2009/4/section/533/2/3/d)
[^c22735901]: [Ss. 209A](https://www.legislation.gov.uk/ukpga/1988/1/section/209A), [209B](https://www.legislation.gov.uk/ukpga/1988/1/section/209B) inserted (with effect in accordance with [s. 102(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/102/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 102(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/102/2)
[^c23396591]: [S. 213A](https://www.legislation.gov.uk/ukpga/1988/1/section/213A) inserted (29.11.2007 with effect in accordance with reg. 3(1) of the amending S.I. (as retrospectively amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(1)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/1)) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 13](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/13)
[^c23396991]: [S. 230A](https://www.legislation.gov.uk/ukpga/1988/1/section/230A) and preceding cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 100](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/100) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c22732941]: [S. 231A](https://www.legislation.gov.uk/ukpga/1988/1/section/231A) repealed (with effect in accordance with s. 30(11), Sch. 8 Pt. 2(9) Note 3 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 30(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/8), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9)
[^c23395321]: [S. 232](https://www.legislation.gov.uk/ukpga/1988/1/section/232) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 117](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/117), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395341]: [S. 233](https://www.legislation.gov.uk/ukpga/1988/1/section/233) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 118](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/118), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21582241]: [S. 234A](https://www.legislation.gov.uk/ukpga/1988/1/section/234A) inserted (with application in relation to distributions begun after 16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 32(1)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/32/1/4).
[^c22736001]: [Ss. 235-237](https://www.legislation.gov.uk/ukpga/1988/1/section/235) repealed (with effect in accordance with Sch. 4 para. 7(2), Sch. 8 Pt. 2(9) Note 3 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/7/1), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9)
[^c22736011]: [Ss. 235-237](https://www.legislation.gov.uk/ukpga/1988/1/section/235) repealed (with effect in accordance with Sch. 4 para. 7(2), Sch. 8 Pt. 2(9) Note 3 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/7/1), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9)
[^c22736021]: [Ss. 235-237](https://www.legislation.gov.uk/ukpga/1988/1/section/235) repealed (with effect in accordance with Sch. 4 para. 7(2), Sch. 8 Pt. 2(9) Note 3 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/7/1), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9)
[^c21892091]: [S. 231A](https://www.legislation.gov.uk/ukpga/1988/1/section/231A) inserted (with effect in accordance with [s. 19(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/19/3) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 19(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/19/2)
[^c22734831]: [S. 231AA](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA) inserted (with effect in accordance with [s. 102(9)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/9) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/1)
[^c22734851]: [S. 231AB](https://www.legislation.gov.uk/ukpga/1988/1/section/231AB) inserted (with effect in accordance with [s. 102(10)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/10) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/2)
[^c22732961]: [S. 231B](https://www.legislation.gov.uk/ukpga/1988/1/section/231B) inserted (with effect in accordance with [s. 28(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/28/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 28(1)](https://www.legislation.gov.uk/ukpga/1997/58/section/28/1)
[^c22769611]: [S. 238](https://www.legislation.gov.uk/ukpga/1988/1/section/238) repealed (with effect in accordance with Sch. 3 para. 11(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 11(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/11/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22769621]: [S. 239](https://www.legislation.gov.uk/ukpga/1988/1/section/239) repealed (with effect in accordance with Sch. 3 para. 12(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 12(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/12/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note (with Sch. 3 para. 12(3)-(6))
[^c22769631]: [S. 240](https://www.legislation.gov.uk/ukpga/1988/1/section/240) repealed (with effect in accordance with Sch. 3 para. 13(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 13(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/13/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22769641]: [S. 241](https://www.legislation.gov.uk/ukpga/1988/1/section/241) repealed (with effect in accordance with Sch. 3 para. 14(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 14(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/14/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22769691]: [Ss. 242-244](https://www.legislation.gov.uk/ukpga/1988/1/section/242) repealed (with effect in accordance with s. 20(1)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 20(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/20/5), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c22769701]: [Ss. 242-244](https://www.legislation.gov.uk/ukpga/1988/1/section/242) repealed (with effect in accordance with s. 20(1)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 20(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/20/5), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c22769711]: [Ss. 242-244](https://www.legislation.gov.uk/ukpga/1988/1/section/242) repealed (with effect in accordance with s. 20(1)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 20(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/20/5), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c22769651]: [S. 245](https://www.legislation.gov.uk/ukpga/1988/1/section/245) repealed (with effect in accordance with Sch. 3 para. 15(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 15(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/15/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21583181]: [Ss. 245A](https://www.legislation.gov.uk/ukpga/1988/1/section/245A), [245B](https://www.legislation.gov.uk/ukpga/1988/1/section/245B) inserted (in relation to changes in ownership on or after 14 March 1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 98](https://www.legislation.gov.uk/ukpga/1989/26/section/98)
[^c22769661]: [S. 245A](https://www.legislation.gov.uk/ukpga/1988/1/section/245A) repealed (with effect in accordance with Sch. 3 para. 16(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 16(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/16/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22769671]: [S. 245B](https://www.legislation.gov.uk/ukpga/1988/1/section/245B) repealed (with effect in accordance with Sch. 3 para. 17(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 17(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/17/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22769681]: [S. 246](https://www.legislation.gov.uk/ukpga/1988/1/section/246) repealed (with effect in accordance with Sch. 3 para. 18(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 18(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/18/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23486901]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486921]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486931]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486941]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486951]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486961]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486971]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486981]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486991]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487001]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487011]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487021]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487031]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487041]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487051]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487061]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487071]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487081]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487091]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487101]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487111]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487121]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487131]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487141]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487151]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22735811]: [S. 247](https://www.legislation.gov.uk/ukpga/1988/1/section/247) repealed (with application in accordance with s. 85(6), Sch. 33 Pt. 2(10) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 85(5)](https://www.legislation.gov.uk/ukpga/2001/9/section/85/5), [Sch. 33 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/10)
[^c22735831]: [S. 248](https://www.legislation.gov.uk/ukpga/1988/1/section/248) repealed (with application in accordance with s. 85(6), Sch. 33 Pt. 2(10) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 85(5)](https://www.legislation.gov.uk/ukpga/2001/9/section/85/5), [Sch. 33 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/10)
[^c23487221]: [Ss. 251A-251D](https://www.legislation.gov.uk/ukpga/1988/1/section/251A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 122](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/122), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23487241]: [Ss. 251A-251D](https://www.legislation.gov.uk/ukpga/1988/1/section/251A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 122](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/122), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23487251]: [Ss. 251A-251D](https://www.legislation.gov.uk/ukpga/1988/1/section/251A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 122](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/122), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23487261]: [Ss. 251A-251D](https://www.legislation.gov.uk/ukpga/1988/1/section/251A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 122](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/122), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22777131]: [S. 255](https://www.legislation.gov.uk/ukpga/1988/1/section/255) repealed (with effect in accordance with Sch. 3 para. 23(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 23(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/23/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23487161]: [Ss. 251A-251D](https://www.legislation.gov.uk/ukpga/1988/1/section/251A) and preceding cross-heading inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 34](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/34) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21868061]: [Pt. 6 Ch. 5A](https://www.legislation.gov.uk/ukpga/1988/1/part/6/chapter/5A) (ss. 246A-246Y) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 1](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/1)
[^c23398331]: [S. 257AA](https://www.legislation.gov.uk/ukpga/1988/1/section/257AA) repealed (6.4.2003) by [Tax Credits Act 2002 (c. 21)](https://www.legislation.gov.uk/ukpga/2002/21), [s. 61](https://www.legislation.gov.uk/ukpga/2002/21/section/61), [Sch. 6](https://www.legislation.gov.uk/ukpga/2002/21/schedule/6); [S.I. 2003/962](https://www.legislation.gov.uk/uksi/2003/962), [art. 2(3)(e)](https://www.legislation.gov.uk/uksi/2003/962/article/2/3/e), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/962/schedule/1) (with [arts. 3](https://www.legislation.gov.uk/uksi/2003/962/article/3), [5](https://www.legislation.gov.uk/uksi/2003/962/article/5))
[^c23408731]: Words in [s. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) heading inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [51(5)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/51/5)
[^c21584501]: [Ss. 257BA](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA), [257BB](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB) substituted for s. 257B (16.7.1992 with application in relation to tax for the year 1993-94 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 20](https://www.legislation.gov.uk/ukpga/1992/48/section/20), [Sch. 5 paras.2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/2), [10](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/10).
[^c23408771]: Words in [s. 257BA](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA) heading inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(9)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/9)
[^c23411161]: Words in [s. 257BB](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB) heading inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(6)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/6)
[^c21584511]: [Ss. 257BA](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA), [257BB](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB) substituted for s. 257B (16.7.1992 with application in relation to tax for the year 1993-94 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 20](https://www.legislation.gov.uk/ukpga/1992/48/section/20), [Sch. 5 paras.2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/2), [10](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/10).
[^c23415291]: Words in [s. 257C](https://www.legislation.gov.uk/ukpga/1988/1/section/257C) sidenote substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 34(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/34/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23411261]: Words in [s. 257C](https://www.legislation.gov.uk/ukpga/1988/1/section/257C) sidenote substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [55(d)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/55/d)
[^c22733721]: [Ss. 257D-257F](https://www.legislation.gov.uk/ukpga/1988/1/section/257D) repealed (with effect in accordance with s. 32(4), Sch. 20 Pt. 3(3) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 32(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/2), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3)
[^c22733731]: [Ss. 257D-257F](https://www.legislation.gov.uk/ukpga/1988/1/section/257D) repealed (with effect in accordance with s. 32(4), Sch. 20 Pt. 3(3) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 32(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/2), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3)
[^c22733741]: [Ss. 257D-257F](https://www.legislation.gov.uk/ukpga/1988/1/section/257D) repealed (with effect in accordance with s. 32(4), Sch. 20 Pt. 3(3) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 32(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/2), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3)
[^c21584921]: [S. 258](https://www.legislation.gov.uk/ukpga/1988/1/section/258) repealed (1988-89 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 25(3)](https://www.legislation.gov.uk/ukpga/1988/39/section/25/3), [Sch.14 Part IV](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c22734131]: [Ss. 259-261A](https://www.legislation.gov.uk/ukpga/1988/1/section/259) repealed (with effect in accordance with s. 33(2), Sch. 20 Pt. 3(4) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 33(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/33/1), [Sch. 20 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/4)
[^c22734161]: [Ss. 259-261A](https://www.legislation.gov.uk/ukpga/1988/1/section/259) repealed (with effect in accordance with s. 33(2), Sch. 20 Pt. 3(4) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 33(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/33/1), [Sch. 20 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/4)
[^c22734191]: [Ss. 259-261A](https://www.legislation.gov.uk/ukpga/1988/1/section/259) repealed (with effect in accordance with s. 33(2), Sch. 20 Pt. 3(4) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 33(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/33/1), [Sch. 20 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/4)
[^c21585181]: [S. 261A](https://www.legislation.gov.uk/ukpga/1988/1/section/261A) inserted (16.7.1992 with application in relation to tax for the year 1993-94 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 20](https://www.legislation.gov.uk/ukpga/1992/48/section/20), [Sch. 5 paras.6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/6), [10](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/10).
[^c22734201]: [Ss. 259-261A](https://www.legislation.gov.uk/ukpga/1988/1/section/259) repealed (with effect in accordance with s. 33(2), Sch. 20 Pt. 3(4) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 33(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/33/1), [Sch. 20 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/4)
[^c22734561]: [S. 262](https://www.legislation.gov.uk/ukpga/1988/1/section/262) repealed (with effect in accordance with s. 34(2), Sch. 20 Pt. 3(5) Note 1 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 34(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/34/1), [Sch. 20 Pt. 3(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/5) (with [s. 34(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/34/3))
[^c21585271]: [S. 263](https://www.legislation.gov.uk/ukpga/1988/1/section/263) repealed (1988-89 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 25(3)](https://www.legislation.gov.uk/ukpga/1988/39/section/25/3), [Sch.14 Part IV](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c21585291]: [S. 264](https://www.legislation.gov.uk/ukpga/1988/1/section/264) repealed (1988-89 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 25(3)](https://www.legislation.gov.uk/ukpga/1988/39/section/25/3), [Sch.14 Part IV](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c21585671]: Source-1970 s.19(1); 1976 Sch.4 3(1)
[^c23412001]: Words in [s. 266(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/1) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 9](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/9) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21585681]: Source-1970 s.19(2); 1976 s.36(5), Sch.4 3(2)
[^c22749841]: [S. 266(2)(a)(i)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/2/a/i/ii) substituted for s. 266(2)(a)-(iii) (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 18(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/18/2)
[^c23411401]: Words in [s. 266(2)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/2/b/c) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [57(2)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/57/2)
[^c21585711]: Source-1970 s.19(3)(a)
[^c21585721]: Source-1970 s.19(4)
[^c21585731]: Source-1984 s.72(1)
[^c23414441]: Words in [s. 266(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/3/c) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 36(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/36/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21585741]: Source-1970 s.19(3)(b)
[^c21585751]: Source-1976 Sch.4 4(1) 5; 1978 Sch.3 2; 1980 s.29(2)(b)
[^c21585761]: Words in [s. 266(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/5/a) substituted (from 6.4.1989) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 29](https://www.legislation.gov.uk/ukpga/1988/39/section/29)
[^c23414461]: [S. 266(6)(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/6/6A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 36(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/36/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21585811]: Source-1976 Sch.4 4(2)
[^c23414491]: Words in [s. 266(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/8) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 36(6)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/36/6/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21585821]: Source-1976 Sch.4 5A; 1978 Sch.3 5
[^c21585831]: Words in [s. 266(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/9) substituted (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 35](https://www.legislation.gov.uk/ukpga/1988/39/section/35), [Sch. 3 para. 9(a)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/3/paragraph/9/a)
[^c23411431]: Words in [s. 266(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/9) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [57(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/57/3)
[^c21585841]: Source-1970 s.19(4)(a), (c); 1971 Sch.3 11
[^c21585851]: [1924 c. 27](https://www.legislation.gov.uk/ukpga/1924/27).
[^c21585861]: Source-1970 s.19(3)(i)(ii)
[^c21585871]: Words in [s. 266(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/11/a) substituted (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 35](https://www.legislation.gov.uk/ukpga/1988/39/section/35), [Sch. 3 para. 9(b)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/3/paragraph/9/b)
[^c23411451]: Words in [s. 266(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/11/a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [57(4)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/57/4/a)
[^c23411471]: Words in [s. 266(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/11/a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [57(4)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/57/4/b)
[^c21585881]: [S. 266(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/13) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 paras. 2(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/2/3); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c23487291]: Words in [s. 266(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/13) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 36(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/36/7), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22749861]: [S. 266(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/14) added (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 18(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/18/3)
[^c22749881]: [1982 c. xiv](https://www.legislation.gov.uk/ukla/1982/14).
[^c23412021]: Words in [s. 266A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/266A/1) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 10(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/10/2) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23412041]: [S. 266A(3)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/266A/3) substituted for s. 266A(3)-(6) (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 10(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/10/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21585951]: Source-1970 s.21(1); 1976 Sch.4 21
[^c21585961]: Source-1970 s.21(3); 1975 Sch.2 6
[^c21585991]: Source-1970 s.21(5)
[^c22749951]: Word in [s. 274(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/274/4) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 20](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/20)
[^c23414611]: [Ss. 256A](https://www.legislation.gov.uk/ukpga/1988/1/section/256A), [256B](https://www.legislation.gov.uk/ukpga/1988/1/section/256B) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 28](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/28) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22732361]: [S. 257AA](https://www.legislation.gov.uk/ukpga/1988/1/section/257AA) inserted (with effect in accordance with [s. 30(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/30/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 30(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/30/1)
[^c23408751]: [S. 257AB](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [52](https://www.legislation.gov.uk/uksi/2005/3229/regulation/52)
[^c23403981]: [S. 266A](https://www.legislation.gov.uk/ukpga/1988/1/section/266A) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 36](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/36) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21586011]: [S. 275](https://www.legislation.gov.uk/ukpga/1988/1/section/275) repealed (1988-89 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part IV](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23414161]: [S. 276](https://www.legislation.gov.uk/ukpga/1988/1/section/276) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 38](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/38), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414181]: [S. 277](https://www.legislation.gov.uk/ukpga/1988/1/section/277) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 39](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/39), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21586191]: [S. 279](https://www.legislation.gov.uk/ukpga/1988/1/section/279) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [ss. 32](https://www.legislation.gov.uk/ukpga/1988/39/section/32), [148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c21586221]: [S. 280](https://www.legislation.gov.uk/ukpga/1988/1/section/280) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c21586251]: [S. 281](https://www.legislation.gov.uk/ukpga/1988/1/section/281) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23411661]: Words in [s. 282](https://www.legislation.gov.uk/ukpga/1988/1/section/282) heading substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [62(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/62/b)
[^c23414191]: [S. 282](https://www.legislation.gov.uk/ukpga/1988/1/section/282) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 41](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/41), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21586291]: [Ss. 282A](https://www.legislation.gov.uk/ukpga/1988/1/section/282A), [282B](https://www.legislation.gov.uk/ukpga/1988/1/section/282B) inserted (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 34](https://www.legislation.gov.uk/ukpga/1988/39/section/34)
[^c23414201]: [Ss. 282A](https://www.legislation.gov.uk/ukpga/1988/1/section/282A), [282B](https://www.legislation.gov.uk/ukpga/1988/1/section/282B) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 42](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/42), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414211]: [Ss. 282A](https://www.legislation.gov.uk/ukpga/1988/1/section/282A), [282B](https://www.legislation.gov.uk/ukpga/1988/1/section/282B) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 42](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/42), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21586341]: [Ss. 283-288](https://www.legislation.gov.uk/ukpga/1988/1/section/283) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23488151]: [Ss. 283-288](https://www.legislation.gov.uk/ukpga/1988/1/section/283) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23488161]: [Ss. 283-288](https://www.legislation.gov.uk/ukpga/1988/1/section/283) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23488171]: [Ss. 283-288](https://www.legislation.gov.uk/ukpga/1988/1/section/283) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23488181]: [Ss. 283-288](https://www.legislation.gov.uk/ukpga/1988/1/section/283) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23488191]: [Ss. 283-288](https://www.legislation.gov.uk/ukpga/1988/1/section/283) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23408611]: Words in [Pt. 7 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/2) heading inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [61](https://www.legislation.gov.uk/uksi/2005/3229/regulation/61)
[^c23415751]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2)); and s. 289(9) amended (as saved) (retrospective to 6.4.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 16 paras. 16(1)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/16/1/a), [18](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/18); and s. 289 further amended (as saved) (17.7.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Income Tax Act 2007 (Amendment) (No. 2) Order 2007 (S.I. 2007/1820)](https://www.legislation.gov.uk/uksi/2007/1820), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1820/article/1/1), [2(2)](https://www.legislation.gov.uk/uksi/2007/1820/article/2/2)
[^c23415771]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415781]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415791]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21587501]: [S. 290A](https://www.legislation.gov.uk/ukpga/1988/1/section/290A) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39) s. 51(1)(b)
[^c22754161]: [S. 290A](https://www.legislation.gov.uk/ukpga/1988/1/section/290A) repealed (with effect in accordance with s. 74(3), Sch. 27 Pt. 3(14) Note 4 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 5](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/5), [Sch. 27 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/14)
[^c23415811]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415821]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415831]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2)); and s. 291B amended (as saved) (17.7.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Income Tax Act 2007 (Amendment) (No. 2) Order 2007 (S.I. 2007/1820)](https://www.legislation.gov.uk/uksi/2007/1820), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1820/article/1/1), [2(2)](https://www.legislation.gov.uk/uksi/2007/1820/article/2/2)
[^c23415841]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415851]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2)); and s. 293 amended (as saved) (17.7.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Income Tax Act 2007 (Amendment) (No. 2) Order 2007 (S.I. 2007/1820)](https://www.legislation.gov.uk/uksi/2007/1820), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1820/article/1/1), [2(2)](https://www.legislation.gov.uk/uksi/2007/1820/article/2/2)
[^c23415861]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415871]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415881]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415891]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2)); and s. 297 amended (as saved) (retrospective to 6.4.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 16 paras. 11(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/11/1), [13](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/13), [Sch. 27 Pt. 2(16)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/16), Note
[^c23415901]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2)); and s. 298 amended (as saved) (17.7.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Income Tax Act 2007 (Amendment) (No. 2) Order 2007 (S.I. 2007/1820)](https://www.legislation.gov.uk/uksi/2007/1820), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1820/article/1/1), [2(3)](https://www.legislation.gov.uk/uksi/2007/1820/article/2/3)
[^c23415911]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2)); and s. 299 (as saved) applied (with modifications) by s. 149(1)(a) of that repealing Act
[^c21588241]: [S. 299A](https://www.legislation.gov.uk/ukpga/1988/1/section/299A) inserted (27.7.1993 with application in relation to any case in which the claim for relief is made on or after 16.3.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 111(1)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/111/1/4)
[^c23415921]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415931]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415941]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415951]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415961]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415971]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415981]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415991]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23416001]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23416011]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23411881]: [S. 304](https://www.legislation.gov.uk/ukpga/1988/1/section/304) heading substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [65(c)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/65/c)
[^c23416021]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23416031]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2)); and s. 304A amended (as saved) (retrospective to 6.4.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 16 paras. 11(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/11/2), [13](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/13)
[^c23416041]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414221]: [S. 305A](https://www.legislation.gov.uk/ukpga/1988/1/section/305A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 43](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/43), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23416051]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23416061]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23416071]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2)); and s. 308 amended (as saved) (17.7.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Income Tax Act 2007 (Amendment) (No. 2) Order 2007 (S.I. 2007/1820)](https://www.legislation.gov.uk/uksi/2007/1820), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1820/article/1/1), [2(2)](https://www.legislation.gov.uk/uksi/2007/1820/article/2/2)
[^c22219051]: [S. 309](https://www.legislation.gov.uk/ukpga/1988/1/section/309) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 24](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/24), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c23416091]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23416101]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23416111]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2)); and s. 312 amended (as saved) (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 44](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/44) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2)); and s. 312 further amended (as saved) (retrospective to 6.4.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 16 paras. 16(1)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/16/1/b), [18](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/18), [Sch. 27 Pt. 2(16)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/16), Note; and s. 312 further amended (as saved) (17.7.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Income Tax Act 2007 (Amendment) (No. 2) Order 2007 (S.I. 2007/1820)](https://www.legislation.gov.uk/uksi/2007/1820), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1820/article/1/1), [2(4)(5)](https://www.legislation.gov.uk/uksi/2007/1820/article/2/4/5); and s. 312 further amended (as saved) (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 7(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/7/3)
[^c23488341]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22753141]: [Ss. 289-289B](https://www.legislation.gov.uk/ukpga/1988/1/section/289) substituted for s. 289 (with effect in accordance with [s. 137(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1), [Sch. 15 para. 2](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/2)
[^c22753161]: [Ss. 289-289B](https://www.legislation.gov.uk/ukpga/1988/1/section/289) substituted for s. 289 (with effect in accordance with [s. 137(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1), [Sch. 15 para. 2](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/2)
[^c22754201]: [Ss. 291-291B](https://www.legislation.gov.uk/ukpga/1988/1/section/291) substituted for s. 291 (with effect in accordance with [s. 137(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1), [Sch. 15 para. 5](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/5)
[^c22754221]: [Ss. 291-291B](https://www.legislation.gov.uk/ukpga/1988/1/section/291) substituted for s. 291 (with effect in accordance with [s. 137(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1), [Sch. 15 para. 5](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/5)
[^c22784701]: [S. 299B](https://www.legislation.gov.uk/ukpga/1988/1/section/299B) inserted (with effect in accordance with [s. 71(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/71/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 71(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/71/1)
[^c22784761]: [S. 300A](https://www.legislation.gov.uk/ukpga/1988/1/section/300A) inserted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 16](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/16)
[^c22784781]: [S. 301A](https://www.legislation.gov.uk/ukpga/1988/1/section/301A) inserted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 18](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/18)
[^c22784801]: [S. 303AA](https://www.legislation.gov.uk/ukpga/1988/1/section/303AA) inserted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 20](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/20)
[^c22784741]: [S. 303A](https://www.legislation.gov.uk/ukpga/1988/1/section/303A) inserted (with effect in accordance with [s. 63(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 2(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/2/3)
[^c22784721]: [S. 304A](https://www.legislation.gov.uk/ukpga/1988/1/section/304A) inserted (with effect in accordance with s. 74(3), [Sch. 13 para. 17(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/17/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 17(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/17/1); and see also the s. 304A inserted (with effect in accordance with s. 74(3), [Sch. 13 para. 41(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/41/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 paras. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/37), [41(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/41/1)
[^c22219151]: [S. 305A](https://www.legislation.gov.uk/ukpga/1988/1/section/305A) inserted (with effect in accordance with [s. 137(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1), [Sch. 15 para. 20](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/20)
[^c23398031]: [S. 313](https://www.legislation.gov.uk/ukpga/1988/1/section/313) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 39](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/39), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1)(with Sch. 7)
[^c23407871]: [S. 314](https://www.legislation.gov.uk/ukpga/1988/1/section/314) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 128](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/128), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23398051]: [Ss. 315-318](https://www.legislation.gov.uk/ukpga/1988/1/section/315) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 41](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/41), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23398061]: [Ss. 315-318](https://www.legislation.gov.uk/ukpga/1988/1/section/315) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 41](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/41), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23398071]: [Ss. 315-318](https://www.legislation.gov.uk/ukpga/1988/1/section/315) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 41](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/41), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23398081]: [Ss. 315-318](https://www.legislation.gov.uk/ukpga/1988/1/section/315) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 41](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/41), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23398091]: [S. 319](https://www.legislation.gov.uk/ukpga/1988/1/section/319) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 42](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/42), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23414231]: [S. 320](https://www.legislation.gov.uk/ukpga/1988/1/section/320) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 45](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/45), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23398101]: [S. 321](https://www.legislation.gov.uk/ukpga/1988/1/section/321) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 43](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/43), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23407891]: [S. 322](https://www.legislation.gov.uk/ukpga/1988/1/section/322) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 129](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/129), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23414241]: [S. 323](https://www.legislation.gov.uk/ukpga/1988/1/section/323) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 46](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/46), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23407901]: [S. 324](https://www.legislation.gov.uk/ukpga/1988/1/section/324) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 130](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/130), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23407911]: [S. 325](https://www.legislation.gov.uk/ukpga/1988/1/section/325) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 131](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/131), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23407921]: [S. 326](https://www.legislation.gov.uk/ukpga/1988/1/section/326) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 132](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/132), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21589681]: [Ss. 326A-326C](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 28(1)](https://www.legislation.gov.uk/ukpga/1990/29/section/28/1)
[^c23407931]: [Ss. 326A-326D](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 133](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/133), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23488641]: [Ss. 326A-326C](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 28(1)](https://www.legislation.gov.uk/ukpga/1990/29/section/28/1)
[^c23407941]: [Ss. 326A-326D](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 133](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/133), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23407951]: [Ss. 326A-326D](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 133](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/133), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23488651]: [Ss. 326A-326C](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 28(1)](https://www.legislation.gov.uk/ukpga/1990/29/section/28/1)
[^c23407961]: [Ss. 326A-326D](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 133](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/133), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23407971]: [Ss. 326A-326D](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 133](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/133), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23407981]: [S. 327](https://www.legislation.gov.uk/ukpga/1988/1/section/327) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 134](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/134), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23407991]: [S. 327A](https://www.legislation.gov.uk/ukpga/1988/1/section/327A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 135](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/135), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22791041]: [S. 328](https://www.legislation.gov.uk/ukpga/1988/1/section/328) repealed (with effect in accordance with s. 68(3)-(5) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 68(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/68/2), [Sch. 20 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/17), Note
[^c23408001]: [Ss. 329-329AB](https://www.legislation.gov.uk/ukpga/1988/1/section/329) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 136](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/136), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408011]: [Ss. 329-329AB](https://www.legislation.gov.uk/ukpga/1988/1/section/329) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 136](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/136), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408021]: [Ss. 329-329AB](https://www.legislation.gov.uk/ukpga/1988/1/section/329) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 136](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/136), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22791051]: [Ss. 329A-329C](https://www.legislation.gov.uk/ukpga/1988/1/section/329A) repealed and superseded (29.4 1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 150(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/2/3), [Sch. 41 Pt. 5(16)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/16) (with [s. 150(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/4))
[^c22791061]: [Ss. 329A-329C](https://www.legislation.gov.uk/ukpga/1988/1/section/329A) repealed and superseded (29.4 1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 150(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/2/3), [Sch. 41 Pt. 5(16)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/16) (with [s. 150(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/4))
[^c22791071]: [Ss. 329A-329C](https://www.legislation.gov.uk/ukpga/1988/1/section/329A) repealed and superseded (29.4 1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 150(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/2/3), [Sch. 41 Pt. 5(16)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/16) (with [s. 150(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/4))
[^c23398111]: [S. 330](https://www.legislation.gov.uk/ukpga/1988/1/section/330) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 46](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/46), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23408031]: [S. 331](https://www.legislation.gov.uk/ukpga/1988/1/section/331) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 137](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/137), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408041]: [S. 331A](https://www.legislation.gov.uk/ukpga/1988/1/section/331A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 138](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/138), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23398211]: [S. 332(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/332/1/2) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 47(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/47/2), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23408051]: [S. 332(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/332/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 139](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/139), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22791081]: [S. 332(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/332/3A/3B) inserted (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 12 para. 10](https://www.legislation.gov.uk/ukpga/2001/9/schedule/12/paragraph/10)
[^c23398241]: [S. 332(3A)(3B)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/332/3A/3B/4) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 47(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/47/4), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23414291]: [S. 332A](https://www.legislation.gov.uk/ukpga/1988/1/section/332A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 47](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/47), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23408391]: [S. 333](https://www.legislation.gov.uk/ukpga/1988/1/section/333) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 141](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/141) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408091]: [S. 333A](https://www.legislation.gov.uk/ukpga/1988/1/section/333A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 142](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/142), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23416121]: [S. 333B](https://www.legislation.gov.uk/ukpga/1988/1/section/333B) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 4](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/4), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c22211271]: [S. 326BB](https://www.legislation.gov.uk/ukpga/1988/1/section/326BB) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 62(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/62/2)
[^c22211341]: [S. 326D](https://www.legislation.gov.uk/ukpga/1988/1/section/326D) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 63(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/63/4)
[^c23404461]: [S. 327A](https://www.legislation.gov.uk/ukpga/1988/1/section/327A) inserted (with effect in accordance with [s. 175(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/175/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 175(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/175/1)
[^c22790871]: [Ss. 329AA](https://www.legislation.gov.uk/ukpga/1988/1/section/329AA), [329AB](https://www.legislation.gov.uk/ukpga/1988/1/section/329AB) inserted (with effect in accordance with [s. 150(2)-(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 150(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/1), [Sch. 26](https://www.legislation.gov.uk/ukpga/1996/8/schedule/26)
[^c22790761]: [Ss. 329A](https://www.legislation.gov.uk/ukpga/1988/1/section/329A), [329B](https://www.legislation.gov.uk/ukpga/1988/1/section/329B) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 142](https://www.legislation.gov.uk/ukpga/1995/4/section/142)
[^c22790851]: [S. 329C](https://www.legislation.gov.uk/ukpga/1988/1/section/329C) inserted (8.11.1995) by [Criminal Injuries Compensation Act 1995 (c. 53)](https://www.legislation.gov.uk/ukpga/1995/53), [s. 8](https://www.legislation.gov.uk/ukpga/1995/53/section/8)
[^c22790991]: [S. 331A](https://www.legislation.gov.uk/ukpga/1988/1/section/331A) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 60](https://www.legislation.gov.uk/ukpga/1999/16/section/60)
[^c22790781]: [S. 332A](https://www.legislation.gov.uk/ukpga/1988/1/section/332A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 71(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/71/1)
[^c22211361]: [S. 333A](https://www.legislation.gov.uk/ukpga/1988/1/section/333A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 64(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/64/1)
[^c22790951]: [S. 333B](https://www.legislation.gov.uk/ukpga/1988/1/section/333B) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 77(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/77/1)
[^c23414251]: [S. 334](https://www.legislation.gov.uk/ukpga/1988/1/section/334) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 48](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/48), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414271]: [S. 335](https://www.legislation.gov.uk/ukpga/1988/1/section/335) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 49](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/49), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414281]: [S. 336](https://www.legislation.gov.uk/ukpga/1988/1/section/336) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 50](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/50), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23426611]: [S. 338B](https://www.legislation.gov.uk/ukpga/1988/1/section/338B) repealed (with effect in accordance with s. 38(7) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23499091]: [S. 339A](https://www.legislation.gov.uk/ukpga/1988/1/section/339A) inserted (in relation to accounting periods ending on or after 1 October 1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 27(3)(4)](https://www.legislation.gov.uk/ukpga/1990/29/section/27/3/4)
[^c21591041]: [S. 339A](https://www.legislation.gov.uk/ukpga/1988/1/section/339A) repealed (in relation to accounting periods beginning on or after 19.3.1991) by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 71(1)(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/71/1/3), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 5; and s. 339A modified in its application to accounting periods beginning before 19.3.1991 and ending on or after that date by s. 71(4) of that repealing Act
[^c22754351]: [S. 340](https://www.legislation.gov.uk/ukpga/1988/1/section/340) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 17](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/17), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c22754381]: [S. 341](https://www.legislation.gov.uk/ukpga/1988/1/section/341) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 17](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/17), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c22737451]: [Ss. 338-338B](https://www.legislation.gov.uk/ukpga/1988/1/section/338) substituted for s. 338 (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 1(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/1/2)
[^c23426421]: [S. 342A](https://www.legislation.gov.uk/ukpga/1988/1/section/342A) inserted (with effect in accordance with [Sch. 41 para. 5(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/5/1) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 41 para. 3](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/3)
[^c23426871]: [S. 343ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/343ZA) inserted (with effect in accordance with [s. 89(2)](https://www.legislation.gov.uk/ukpga/2008/9/section/89/2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 89(1)](https://www.legislation.gov.uk/ukpga/2008/9/section/89/1)
[^c23426771]: [S. 343A](https://www.legislation.gov.uk/ukpga/1988/1/section/343A) inserted (19.7.2007, the inserted subsections (2) and (3) having effect in accordance with [Sch. 6 para. 1(3)-(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/6/paragraph/1/3) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/6/paragraph/1/2)
[^c21591591]: [S. 345](https://www.legislation.gov.uk/ukpga/1988/1/section/345) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch.12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 20](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/20), [22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27)).
[^c21591611]: [S. 346](https://www.legislation.gov.uk/ukpga/1988/1/section/346) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch.12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 20](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/20), [22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27)).
[^c21591631]: [S. 347](https://www.legislation.gov.uk/ukpga/1988/1/section/347) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch.12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 20](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/20), [22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27)).
[^c23510671]: [Ss. 347A](https://www.legislation.gov.uk/ukpga/1988/1/section/347A), [347B](https://www.legislation.gov.uk/ukpga/1988/1/section/347B) inserted by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 36(1)(3)-(5)](https://www.legislation.gov.uk/ukpga/1988/39/section/36/1/3)
[^c23438051]: [S. 347A](https://www.legislation.gov.uk/ukpga/1988/1/section/347A) repealed (with effect in accordance with Sch. 5 para. 1(3)(5) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 1(2)(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/1/2/4), [Sch. 27 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/3), Note
[^c23510571]: [Ss. 347A](https://www.legislation.gov.uk/ukpga/1988/1/section/347A), [347B](https://www.legislation.gov.uk/ukpga/1988/1/section/347B) inserted by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 36(1)(3)-(5)](https://www.legislation.gov.uk/ukpga/1988/39/section/36/1/3)
[^c23437281]: [S. 347B](https://www.legislation.gov.uk/ukpga/1988/1/section/347B) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 53](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/53), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437301]: [S. 348](https://www.legislation.gov.uk/ukpga/1988/1/section/348) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 54](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/54), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2)); and s. 348 amended (6.4.2007) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 10 paras. 62](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/62), [64(2)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/64/2), [Sch. 11 Pt. 4](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/4), Note 1
[^c23437311]: [S. 349](https://www.legislation.gov.uk/ukpga/1988/1/section/349) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 55](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/55), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2)); and s. 349 amended (6.4.2007) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 10 paras. 62](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/62), [64(2)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/64/2), [Sch. 11 Pt. 4](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/4), Note 1
[^c23437321]: [S. 349ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/349ZA) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 56](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/56), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437331]: [Ss. 349A-349D](https://www.legislation.gov.uk/ukpga/1988/1/section/349A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 57](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/57), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437341]: [Ss. 349A-349D](https://www.legislation.gov.uk/ukpga/1988/1/section/349A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 57](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/57), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437351]: [Ss. 349A-349D](https://www.legislation.gov.uk/ukpga/1988/1/section/349A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 57](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/57), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437361]: [Ss. 349A-349D](https://www.legislation.gov.uk/ukpga/1988/1/section/349A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 57](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/57), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437371]: [S. 349E](https://www.legislation.gov.uk/ukpga/1988/1/section/349E) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 58](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/58), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437381]: [S. 350](https://www.legislation.gov.uk/ukpga/1988/1/section/350) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 59](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/59), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437391]: [S. 350A](https://www.legislation.gov.uk/ukpga/1988/1/section/350A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 60](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/60), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23513371]: [S. 351](https://www.legislation.gov.uk/ukpga/1988/1/section/351) repealed by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39) s. 36(6), Sch.14 Part IV, Note 5 (with s. 36(3))
[^c23437401]: [S. 352](https://www.legislation.gov.uk/ukpga/1988/1/section/352) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 61](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/61), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23428261]: [S. 349ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/349ZA) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 149](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/149) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22742051]: [Ss. 349A-349D](https://www.legislation.gov.uk/ukpga/1988/1/section/349A) inserted (with application in accordance with [s. 85(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/85/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 85(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/85/1)
[^c22742571]: [S. 349E](https://www.legislation.gov.uk/ukpga/1988/1/section/349E) inserted (with application in accordance with [s. 96(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/96/4) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 96(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/96/1)
[^c22741721]: [S. 350A](https://www.legislation.gov.uk/ukpga/1988/1/section/350A) inserted (with application in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/112/5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 112(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/112/4)
[^c22738711]: [S. 353](https://www.legislation.gov.uk/ukpga/1988/1/section/353) restricted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 123](https://www.legislation.gov.uk/ukpga/1995/4/section/123), [Sch. 22 para. 2](https://www.legislation.gov.uk/ukpga/1995/4/schedule/22/paragraph/2)
[^c22740501]: [S. 353](https://www.legislation.gov.uk/ukpga/1988/1/section/353) restricted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/38/1)
[^c22737861]: [S. 353(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1) substituted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 81(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/1)
[^c23437491]: Words in [s. 353(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 62(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/62/2/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23428351]: Words in [s. 353(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 152](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/152) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23437591]: Words in [s. 353(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 62(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/62/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22737881]: [S. 353(1A)-(1H)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1A) inserted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 81(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/2)
[^c23437691]: [S. 353(1A)-(1AB)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1A) substituted for s. 353(1A) (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 62(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/62/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437511]: [S. 353(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1B) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 62(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/62/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22738621]: [S. 353(1C)(1D)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1C/1D) repealed (with effect in accordance with s. 42(3)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/2), Note
[^c23437531]: Words in [s. 353(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1E) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 62(5)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/62/5/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437631]: Words in [s. 353(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1E) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 62(5)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/62/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437651]: Words in [s. 353(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1E) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 62(5)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/62/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22766321]: Words in [s. 353(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1E) repealed (with effect in accordance with s. 42(3)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/2), Note
[^c22738681]: [S. 353(1E)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1E/b) and preceding word repealed (with effect in accordance with s. 42(3)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/2), Note
[^c23437671]: Words in [s. 353(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1E) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 62(5)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/62/5/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437551]: [S. 353(1F)-(1H)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1F) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 62(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/62/6), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21593131]: Source-1986 s.26(1)
[^c21593141]: Source-1972 s.75(1A), (2); 1974 s.19(1)(b)
[^c22737901]: [S. 353(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/4/5) repealed (with effect in accordance with s. 81(6) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 9 para. 3](https://www.legislation.gov.uk/ukpga/1994/9/schedule/9/paragraph/3), [Sch. 26 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/2), Note
[^c22740541]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22740561]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22740571]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21593721]: [Ss. 356A-356D](https://www.legislation.gov.uk/ukpga/1988/1/section/356A) inserted (1.8.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s.42(1)(4)](https://www.legislation.gov.uk/ukpga/1988/39/section/42/1/4)
[^c22740581]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21593732]: [Ss. 356A-356D](https://www.legislation.gov.uk/ukpga/1988/1/section/356A) inserted (1.8.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 42(1)(4)](https://www.legislation.gov.uk/ukpga/1988/39/section/42/1/4); and s. 356B substituted (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [Sch. 3 para. 14](https://www.legislation.gov.uk/ukpga/1988/39/schedule/3/paragraph/14)
[^c22740591]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21593761]: [Ss. 356A-356D](https://www.legislation.gov.uk/ukpga/1988/1/section/356A) inserted (1.8.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s.42(1)(4)](https://www.legislation.gov.uk/ukpga/1988/39/section/42/1/4)
[^c22740601]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22766331]: [Ss. 356A-356D](https://www.legislation.gov.uk/ukpga/1988/1/section/356A) inserted (1.8.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s.42(1)(4)](https://www.legislation.gov.uk/ukpga/1988/39/section/42/1/4)
[^c22740611]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22740621]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21594001]: [Ss. 357A-357C](https://www.legislation.gov.uk/ukpga/1988/1/section/357A) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 56](https://www.legislation.gov.uk/ukpga/1993/34/section/56)
[^c22740631]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c23517651]: [Ss. 357A-357C](https://www.legislation.gov.uk/ukpga/1988/1/section/357A) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 56](https://www.legislation.gov.uk/ukpga/1993/34/section/56)
[^c22740641]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c23517661]: [Ss. 357A-357C](https://www.legislation.gov.uk/ukpga/1988/1/section/357A) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 56](https://www.legislation.gov.uk/ukpga/1993/34/section/56)
[^c22740651]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22740661]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c23437411]: [S. 359](https://www.legislation.gov.uk/ukpga/1988/1/section/359) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 63](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/63), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437421]: [S. 360](https://www.legislation.gov.uk/ukpga/1988/1/section/360) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 64](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/64), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21594191]: [S. 360A](https://www.legislation.gov.uk/ukpga/1988/1/section/360A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 48(2)](https://www.legislation.gov.uk/ukpga/1989/26/section/48/2)
[^c23437431]: [S. 360A](https://www.legislation.gov.uk/ukpga/1988/1/section/360A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 65](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/65), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437441]: [S. 361](https://www.legislation.gov.uk/ukpga/1988/1/section/361) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 66](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/66), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437451]: [S. 362](https://www.legislation.gov.uk/ukpga/1988/1/section/362) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 67](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/67), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437461]: [S. 363](https://www.legislation.gov.uk/ukpga/1988/1/section/363) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 68](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/68), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437471]: [S. 364](https://www.legislation.gov.uk/ukpga/1988/1/section/364) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 69](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/69), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21594501]: Source-1974 Sch.1 24; 1984 s.22(3)
[^c22740671]: [S. 365(1)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/1/aa) inserted (with effect in accordance with [s. 39(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/39/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 39(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/39/1)
[^c22740711]: Words in [s. 365(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/1/d) inserted (with effect in accordance with [s. 40(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/40/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 40(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/40/2)
[^c22740691]: [S. 365(1AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/1AA) inserted (with effect in accordance with [s. 39(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/39/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 39(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/39/2)
[^c22740751]: [S. 365(1AB)-(1AD)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/1AB) inserted (with effect in accordance with [s. 40(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/40/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 40(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/40/3)
[^c21594511]: [S. 365(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/1A/1B) inserted (27.7.1993 with effect in relation to payments of interest made on or after 16 March 1993 (whenever falling due)) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 57(3)(5)(6)](https://www.legislation.gov.uk/ukpga/1993/34/section/57/3/5/6)
[^c22740731]: [S. 365(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/1A) substituted (with effect in accordance with [s. 40(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/40/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 40(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/40/4)
[^c22741761]: Words in [s. 365(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/3) substituted (with effect in accordance with [s. 83(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 83(1)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/1/a)
[^c22741781]: Words in [s. 365(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/3) substituted (with effect in accordance with [s. 83(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 83(1)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/1/b)
[^c21594531]: Source-1972 Sch.10 7; 1974 Sch.1 25(1)
[^c23437701]: Words in [s. 366(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/366/1/c) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 70](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/70), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21594541]: Source-1972 Sch.10 8, 9
[^c22740771]: [S. 367(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/1) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 3(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/3/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c23437721]: [S. 367(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 71](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/71), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21594731]: [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1988-89) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 41](https://www.legislation.gov.uk/ukpga/1988/39/section/41) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1989-90) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 46](https://www.legislation.gov.uk/ukpga/1989/26/section/46) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1990-91) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 71](https://www.legislation.gov.uk/ukpga/1990/29/section/71) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1991-92) by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 26](https://www.legislation.gov.uk/ukpga/1991/31/section/26) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1992-93) by [Finance Act 1992 (c. 20)](https://www.legislation.gov.uk/ukpga/1992/20), [s. 10(4)](https://www.legislation.gov.uk/ukpga/1992/20/section/10/4) (with [s. 10(5)](https://www.legislation.gov.uk/ukpga/1992/20/section/10/5)) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1993-94) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 55](https://www.legislation.gov.uk/ukpga/1993/34/section/55) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1994-95, 1995-96) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 80](https://www.legislation.gov.uk/ukpga/1994/9/section/80) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1996-97) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 76](https://www.legislation.gov.uk/ukpga/1996/8/section/76) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1997-98) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 57](https://www.legislation.gov.uk/ukpga/1997/16/section/57) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1998-99) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 16](https://www.legislation.gov.uk/ukpga/1997/58/section/16) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1999-2000) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 37](https://www.legislation.gov.uk/ukpga/1999/16/section/37)
[^c21594751]: Source-1972 Sch.9 5(1A); 1984 s.22(1)(c)
[^c22740841]: Words in [s. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 3(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/3/4)
[^c23437481]: [S. 368](https://www.legislation.gov.uk/ukpga/1988/1/section/368) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 72](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/72), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23438171]: [S. 367A](https://www.legislation.gov.uk/ukpga/1988/1/section/367A) inserted (1.4.2010 with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [Sch. 2 para. 47](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/47) (with [Sch. 9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9))
[^c22740881]: [S. 369(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/1) excluded (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 38(2)-(7)](https://www.legislation.gov.uk/ukpga/1999/16/section/38/2)
[^c21594981]: Source-1982 s.26(1), (2)
[^c22738251]: Words in [s. 369(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/1) substituted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 81(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/3)
[^c22740901]: [S. 369(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/1A) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 4](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/4)
[^c22741801]: Words in [s. 369(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/1A) substituted (with effect in accordance with [s. 83(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 83(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/3)
[^c22738291]: [S. 369(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/3) substituted for s. 369(3)-(5B) (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 81(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/4)
[^c21595061]: Source-1982 s.26(7)
[^c21595071]: [S. 369(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/7) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 58(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/58/1/2)
[^c22739921]: [S. 369(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/7/a) substituted (with effect in accordance with [Sch. 18 para. 17(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 6(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/6/2/a)
[^c22739941]: Words in [s. 369(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/7/b) inserted (with effect in accordance with [Sch. 18 para. 17(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/6/2/b)
[^c22739961]: Words in [s. 369(7)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/7/c) substituted (with effect in accordance with [Sch. 18 para. 17(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 6(2)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/6/2/c)
[^c22739901]: Words in [s. 369(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/7) inserted (with effect in accordance with [Sch. 18 para. 17(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 6(2)(d)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/6/2/d)
[^c22739981]: [S. 369(8)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/8/9) inserted (with effect in accordance with [Sch. 18 para. 17(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 6(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/6/3)
[^c21595181]: Source-1982 Sch.7 2(1)-(3)
[^c22741051]: Words in [s. 370(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/1) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/5/2/a)
[^c22740921]: Words in [s. 370(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/1) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 5(2)(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/5/2/b), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22738311]: Words in [s. 370(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/2) inserted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 9 para. 10(1)(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/9/paragraph/10/1/a)
[^c22740941]: Words in [s. 370(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/2) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 5(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/5/3), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22766391]: Words in [s. 370(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/2/b) substituted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 9 para. 10(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/9/paragraph/10/1/b)
[^c23428491]: Words in [s. 370(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 155](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/155) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22740991]: [S. 370(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/2/c) and preceding word repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 5(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/5/3), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22741001]: [S. 370(3)(4)(6)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/3/4/6/7) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 5(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/5/4), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595261]: Source-1982 Sch.7 3(1)-(3)
[^c22741071]: Words in [s. 370(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/5) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 5(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/5/5)
[^c22738331]: [S. 370(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/6A) inserted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 9 para. 10(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/9/paragraph/10/2)
[^c22739101]: [S. 370(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/6A) repealed (with effect in accordance with s. 42(3)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/2), Note
[^c21595301]: [S. 371](https://www.legislation.gov.uk/ukpga/1988/1/section/371) repealed (27.7.1993 with effect in relation to payments of interest made on or after 16 March 1993 (whenever falling due)) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 57](https://www.legislation.gov.uk/ukpga/1993/34/section/57), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III)
[^c22741091]: [S. 372](https://www.legislation.gov.uk/ukpga/1988/1/section/372) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 6](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/6), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595331]: Source-1982 Sch.7 5(1)-(3); 1985 s.37(2)
[^c22741111]: Words in [s. 373(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/373/1) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/7/2/a), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22741131]: [S. 370(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/3/4) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/7/2/b), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595421]: Source-1982 Sch.7 5(4); 1983 s.17(2); 1985 s.37(3)
[^c22741161]: Words in [s. 373(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/373/5) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 7(2)(c)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/7/2/c), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595431]: Source-1982 Sch.7 6(1), (2)
[^c22741201]: Words in [s. 373(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/373/6) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 7(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/7/3)
[^c22741181]: Words in [s. 373(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/373/7) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 7(2)(d)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/7/2/d), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595441]: Source-1982 Sch.7 7(1)(a)-(c)
[^c22741221]: [S. 374(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/374/1/c) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 8](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/8), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595461]: Source-1982 Sch.7 7(1)(d), (4), (5)
[^c21595471]: Source-1982 Sch.7 7(2)(3)
[^c22741241]: Words in [s. 374(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/374/2) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 8](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/8), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22740041]: Words in [s. 374A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/374A/4) repealed (with effect in accordance with Sch. 18 para. 17(5) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 7](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/7), [Sch. 41 Pt. 5(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/8), Note
[^c21595481]: Source-1982 Sch.7 8
[^c22739311]: [S. 375(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/2/aa) inserted (with application in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/112/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 112(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/2)
[^c22738351]: Words in [s. 375(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/3) substituted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 9 para. 11](https://www.legislation.gov.uk/ukpga/1994/9/schedule/9/paragraph/11)
[^c22739331]: [S. 375(4)(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/4/4A) substituted for s. 375(4) (with application in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 112(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/3)
[^c22740001]: Words in [s. 375(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/4) substituted (with effect in accordance with [Sch. 18 para. 17(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 8](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/8)
[^c21595491]: Source-1982 Sch.7 9(1)
[^c21595501]: Source-1982 Sch.7 10(1), (2)
[^c21595511]: Source-1982 Sch.7 11
[^c22739351]: [S. 375(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/8A) inserted (with application in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 112(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/4)
[^c22741301]: [S. 375(8B)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/8B) inserted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 9(1)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/9/1)
[^c22741321]: [S. 375(9)(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/9/10) repealed (with effect in accordance with Sch. 4 para. 18(1) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 9(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/9/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7), Note 1
[^c22741261]: [S. 375A](https://www.legislation.gov.uk/ukpga/1988/1/section/375A) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 10](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/10), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595831]: Source-1982 Sch.7 13
[^c23427621]: Words in [s. 376(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/2) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 52](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/52) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22741351]: Words in [s. 376(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/3) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 11(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/11/a), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595841]: Source-1982 Sch.7 14(1); 1983 s.17(3)
[^c22741981]: [S. 376(4)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4/d) repealed (26.3.2001) by [The Postal Services Act 2000 (Consequential Modifications No. 1) Order 2001 (S.I. 2001/1149)](https://www.legislation.gov.uk/uksi/2001/1149), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2001/1149/article/1/2), [3(2)](https://www.legislation.gov.uk/uksi/2001/1149/article/3/2), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/1149/schedule/2)
[^c22742071]: [S. 376(4)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4/e) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 23(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/23/2/a)
[^c21595861]: [1985 c. 50](https://www.legislation.gov.uk/ukpga/1985/50).
[^c22742091]: [S. 376(4)(g)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4/g) omitted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 23(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/23/2/b)
[^c21595881]: [1981 c.64](https://www.legislation.gov.uk/ukpga/1981/64).
[^c21595891]: [1968 c. 16](https://www.legislation.gov.uk/ukpga/1968/16).
[^c22740371]: [S. 376(4)(ka)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4/ka) substituted (1.11.1998) by [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [ss. 140(2)](https://www.legislation.gov.uk/ukpga/1998/38/section/140/2), [158(1)](https://www.legislation.gov.uk/ukpga/1998/38/section/158/1), [Sch. 16 para. 55](https://www.legislation.gov.uk/ukpga/1998/38/schedule/16/paragraph/55); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), [art. 5](https://www.legislation.gov.uk/uksi/1998/2244/article/5)
[^c22740411]: [1985 c. 69](https://www.legislation.gov.uk/ukpga/1985/69).
[^c22740391]: [S. 376(4)(n)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4/n) repealed (1.10.1998) by [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [ss. 152](https://www.legislation.gov.uk/ukpga/1998/38/section/152), [158(1)](https://www.legislation.gov.uk/ukpga/1998/38/section/158/1), [Sch. 18 Pt. 4](https://www.legislation.gov.uk/ukpga/1998/38/schedule/18/part/4); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), [art. 4](https://www.legislation.gov.uk/uksi/1998/2244/article/4)
[^c22742111]: [S. 376(4)(p)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4/p) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 23(2)(c)](https://www.legislation.gov.uk/uksi/2001/3629/article/23/2/c)
[^c21595911]: [S. 376(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4A) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 paras. 3(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/3/3), [22](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/22); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c22742131]: [S. 376(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4A) omitted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 23(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/23/3)
[^c22738411]: [S. 376(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/5) repealed (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 142(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/142/1/b), [Sch. 26 Pt. 5(19)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/19)
[^c22741371]: [S. 376(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/6) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 11(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/11/b), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22742151]: [S. 376A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/376A/1A) inserted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 24](https://www.legislation.gov.uk/uksi/2001/3629/article/24)
[^c22741281]: [S. 377](https://www.legislation.gov.uk/ukpga/1988/1/section/377) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 12](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/12), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21596051]: Source-1982 s.29; 1984 s.56(2)
[^c22741391]: [S. 378(1)(2)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/378/1/2/4) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 13(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/13/a), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22741431]: Words in [s. 378(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/378/3) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 13(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/13/b)
[^c22742171]: [S. 379](https://www.legislation.gov.uk/ukpga/1988/1/section/379): definition of "contracts of general insurance" inserted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 25](https://www.legislation.gov.uk/uksi/2001/3629/article/25)
[^c22738471]: [S. 379](https://www.legislation.gov.uk/ukpga/1988/1/section/379): words in definition of "prescribed" repealed (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 26 Pt. 5(19)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/19)
[^c22741461]: [S. 379](https://www.legislation.gov.uk/ukpga/1988/1/section/379): words in definition of "qualifying lender" repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 14(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/14/a), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22766421]: [S. 379](https://www.legislation.gov.uk/ukpga/1988/1/section/379): words in definition of "regulations" repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 14(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/14/b), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22741491]: [S. 379](https://www.legislation.gov.uk/ukpga/1988/1/section/379): definition of "separated" inserted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 14(c)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/14/c)
[^c22739291]: [S. 374A](https://www.legislation.gov.uk/ukpga/1988/1/section/374A) inserted (with application in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 112(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/1)
[^c22739391]: [S. 375A](https://www.legislation.gov.uk/ukpga/1988/1/section/375A) inserted (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/18)
[^c22738431]: [S. 376A](https://www.legislation.gov.uk/ukpga/1988/1/section/376A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 142(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/142/2)
[^c23428671]: [S. 379A](https://www.legislation.gov.uk/ukpga/1988/1/section/379A) sidenote substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by virtue of [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 156(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/156/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23531921]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23531941]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22747921]: [S. 379A](https://www.legislation.gov.uk/ukpga/1988/1/section/379A) cross-heading substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 26](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/26) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23428521]: Words in cross-heading preceding s. 379A substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 156(8)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/156/8) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22747971]: [S. 379B](https://www.legislation.gov.uk/ukpga/1988/1/section/379B) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 27](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/27) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23531951]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23531961]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23531971]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22743591]: [S. 383](https://www.legislation.gov.uk/ukpga/1988/1/section/383) repealed (with effect in accordance with ss. 211(2), 218(1)(b) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 214(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/214/1/b), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 5
[^c23531981]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23531991]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23532001]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23532011]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23532021]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23532031]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23532041]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23532051]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23532061]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22751071]: [S. 384A](https://www.legislation.gov.uk/ukpga/1988/1/section/384A) inserted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 30](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/30) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c23532071]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23532131]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22744461]: [S. 379A](https://www.legislation.gov.uk/ukpga/1988/1/section/379A) and preceding cross-heading inserted (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 19(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/19/1)
[^c21597491]: [S. 394](https://www.legislation.gov.uk/ukpga/1988/1/section/394) repealed by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(2)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/2/4/5), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V)
[^c23448621]: [S. 393B](https://www.legislation.gov.uk/ukpga/1988/1/section/393B) inserted (with effect in accordance with [s. 111(3)](https://www.legislation.gov.uk/ukpga/2008/9/section/111/3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2008/9/section/111/1)
[^c21597681]: Source—1973 s.26(2); 1974 s.30(2)
[^c23442991]: Words in [s. 398](https://www.legislation.gov.uk/ukpga/1988/1/section/398) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 75(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/75/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442951]: Words in [s. 398](https://www.legislation.gov.uk/ukpga/1988/1/section/398) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 75(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/75/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23443011]: Words in [s. 398(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/398/a) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 75(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/75/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442971]: Words in [s. 398(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/398/a) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 75(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/75/4/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23443031]: Words in [s. 398(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/398/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 75(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/75/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23443051]: Words in [s. 398](https://www.legislation.gov.uk/ukpga/1988/1/section/398) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 75(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/75/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442201]: [S. 403D](https://www.legislation.gov.uk/ukpga/1988/1/section/403D) title substituted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 3(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/3/4)
[^c22747531]: [Ss. 408](https://www.legislation.gov.uk/ukpga/1988/1/section/408), [409](https://www.legislation.gov.uk/ukpga/1988/1/section/409) repealed (with effect in accordance with Sch. 7 para. 9, Sch. Pt. 2(14) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 6](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/6), [Sch. 8 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/14)
[^c22747551]: [Ss. 408](https://www.legislation.gov.uk/ukpga/1988/1/section/408), [409](https://www.legislation.gov.uk/ukpga/1988/1/section/409) repealed (with effect in accordance with Sch. 7 para. 9, Sch. Pt. 2(14) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 6](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/6), [Sch. 8 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/14)
[^c23550511]: [S. 411A](https://www.legislation.gov.uk/ukpga/1988/1/section/411A) inserted (with effect in accordance with [s. 101(2)](https://www.legislation.gov.uk/ukpga/1990/29/section/101/2) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 101(1)](https://www.legislation.gov.uk/ukpga/1990/29/section/101/1)
[^c22749731]: [S. 411A](https://www.legislation.gov.uk/ukpga/1988/1/section/411A) repealed (with effect in accordance with s. 93(2) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 11 para. 1](https://www.legislation.gov.uk/ukpga/1999/16/schedule/11/paragraph/1), [Sch. 20 Pt. 3(21)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/21), Note
[^c22749211]: [Ss. 403-403ZE](https://www.legislation.gov.uk/ukpga/1988/1/section/403) substituted for s. 403 (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 29](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/29) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22746631]: [Ss. 403A-403C](https://www.legislation.gov.uk/ukpga/1988/1/section/403A) inserted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 2](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/2)
[^c22750091]: [Ss. 403D](https://www.legislation.gov.uk/ukpga/1988/1/section/403D), [403E](https://www.legislation.gov.uk/ukpga/1988/1/section/403E) inserted (with effect in accordance with [Sch. 27 para. 6(1)(2)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1/2/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 4](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/4)
[^c23441711]: [S. 403F](https://www.legislation.gov.uk/ukpga/1988/1/section/403F) inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 4(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/4/1)
[^c23441721]: [S. 403G](https://www.legislation.gov.uk/ukpga/1988/1/section/403G) inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 4(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/4/2)
[^c23550441]: [S. 411ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/411ZA) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 124](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/124) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23553461]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553471]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553481]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553491]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553501]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553511]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553521]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553531]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553541]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c21601071]: [S. 431A](https://www.legislation.gov.uk/ukpga/1988/1/section/431A) inserted (1.1.1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 paras. 2](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/2), [11(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/11/2) (with [Sch. 6 para. 12](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/12))
[^c22857401]: [S. 431AA](https://www.legislation.gov.uk/ukpga/1988/1/section/431AA) repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c23572391]: [S. 431ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/431ZA) inserted (with effect in accordance with [Sch. 17 para. 10(6)(7)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/17/paragraph/10/6/7) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 17 para. 10(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/17/paragraph/10/2)
[^c22769731]: [S. 431AA](https://www.legislation.gov.uk/ukpga/1988/1/section/431AA) inserted (with application in accordance with [s. 143(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/143/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 143(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/143/4)
[^c22771491]: [Ss. 431B-431F](https://www.legislation.gov.uk/ukpga/1988/1/section/431B) and cross-heading inserted (with effect in accordance with Sch. 8 paras. 55, 57 of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 2](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/2)
[^c23595831]: [Ss. 431BA](https://www.legislation.gov.uk/ukpga/1988/1/section/431BA), [431BB](https://www.legislation.gov.uk/ukpga/1988/1/section/431BB) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 8](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/8) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23595851]: [S. 431EA](https://www.legislation.gov.uk/ukpga/1988/1/section/431EA) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 10](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/10) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c22892971]: [Ss. 432A-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/4)
[^c22771701]: [Ss. 432A-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/4)
[^c22771801]: [Ss. 432A-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/4)
[^c23632011]: [S. 432D](https://www.legislation.gov.uk/ukpga/1988/1/section/432D) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 18](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/18), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c22771831]: [Ss. 432A-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/4)
[^c22771871]: [S. 433](https://www.legislation.gov.uk/ukpga/1988/1/section/433) repealed (14.3.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 84(5)](https://www.legislation.gov.uk/ukpga/1989/26/section/84/5), [Sch. 8 para. 2](https://www.legislation.gov.uk/ukpga/1989/26/schedule/8/paragraph/2), [Sch. 17 Pt. IV](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/IV), Note 3 (with s. 84(6))
[^c22771501]: Cross-heading before s. 432 inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 51(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/51/2) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23600591]: [Ss. 431G](https://www.legislation.gov.uk/ukpga/1988/1/section/431G), [431H](https://www.legislation.gov.uk/ukpga/1988/1/section/431H) and preceding cross-heading substituted for s. 432 and preceding cross-heading (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 4](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/4) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23600611]: [Ss. 431G](https://www.legislation.gov.uk/ukpga/1988/1/section/431G), [431H](https://www.legislation.gov.uk/ukpga/1988/1/section/431H) and preceding cross-heading substituted for s. 432 and preceding cross-heading (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 4](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/4) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23600631]: [Ss. 431G](https://www.legislation.gov.uk/ukpga/1988/1/section/431G), [431H](https://www.legislation.gov.uk/ukpga/1988/1/section/431H) and preceding cross-heading substituted for s. 432 and preceding cross-heading (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 4](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/4) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23600551]: [S. 432YA](https://www.legislation.gov.uk/ukpga/1988/1/section/432YA) inserted (8.1.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment No. 2) Order 2006 (S.I. 2006/3387)](https://www.legislation.gov.uk/uksi/2006/3387), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3387/article/1/1), [2](https://www.legislation.gov.uk/uksi/2006/3387/article/2)
[^c22787921]: [S. 432ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/432ZA) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 11(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/11/2) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22801421]: [Ss. 432AA](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA), [432AB](https://www.legislation.gov.uk/ukpga/1988/1/section/432AB) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para 39](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/39) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23600641]: [S. 432CA](https://www.legislation.gov.uk/ukpga/1988/1/section/432CA) inserted (with effect in accordance with [s. 47(2)-(4)](https://www.legislation.gov.uk/ukpga/2010/13/section/47/2) of the amending Act) by [Finance Act 2010 (c. 13)](https://www.legislation.gov.uk/ukpga/2010/13), [s. 47(1)](https://www.legislation.gov.uk/ukpga/2010/13/section/47/1)
[^c23600661]: [S. 432CB](https://www.legislation.gov.uk/ukpga/1988/1/section/432CB) inserted (with effect in accordance with [s. 9(2)](https://www.legislation.gov.uk/ukpga/2010/31/section/9/2) of the amending Act) by [Finance (No. 2) Act 2010 (c. 31)](https://www.legislation.gov.uk/ukpga/2010/31), [s. 9(1)](https://www.legislation.gov.uk/ukpga/2010/31/section/9/1)
[^c22786571]: [S. 432F](https://www.legislation.gov.uk/ukpga/1988/1/section/432F) inserted (with effect in accordance with [Sch. 8 para. 53](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/53) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 17(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/17/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23600531]: [S. 432G](https://www.legislation.gov.uk/ukpga/1988/1/section/432G) inserted (1.1.2005 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) Order 2004 (S.I. 2004/3266)](https://www.legislation.gov.uk/uksi/2004/3266), [art. 4](https://www.legislation.gov.uk/uksi/2004/3266/article/4)
[^c22772131]: [S. 434A](https://www.legislation.gov.uk/ukpga/1988/1/section/434A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 84(4)-(6)](https://www.legislation.gov.uk/ukpga/1989/26/section/84/4), [Sch. 8 para. 4](https://www.legislation.gov.uk/ukpga/1989/26/schedule/8/paragraph/4)
[^c22789741]: [S. 434B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/434B/1) repealed (with effect in accordance with s. 165(4)(5) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 165(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/165/3), [Sch. 41 Pt 5(25)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/25), Note (with Sch. 14 para. 24)
[^c22793981]: [S. 434B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/434B/2) repealed (with effect in accordance with s. 67(7), Sch. 18 Pt. 6(6) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 67(4)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/4), [Sch. 18 Pt. 6(6)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/6)
[^c22801521]: [S. 434C](https://www.legislation.gov.uk/ukpga/1988/1/section/434C) repealed (with effect in accordance with Sch. 3 para. 26(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 26(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/26/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22808571]: [S. 434D](https://www.legislation.gov.uk/ukpga/1988/1/section/434D) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 39](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/39), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22808591]: [S. 434E](https://www.legislation.gov.uk/ukpga/1988/1/section/434E) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 39](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/39), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22772191]: [S. 435](https://www.legislation.gov.uk/ukpga/1988/1/section/435) repealed (with effect in accordance with s. 84(5)(b) of the repealing Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 84(4)](https://www.legislation.gov.uk/ukpga/1989/26/section/84/4), [Sch. 8 para. 5](https://www.legislation.gov.uk/ukpga/1989/26/schedule/8/paragraph/5), [Sch. 17 Pt. IV](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/IV), Note 3 (with s. 84(6))
[^c22787941]: Words in [s. 436](https://www.legislation.gov.uk/ukpga/1988/1/section/436) sidenote substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 51(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/51/5) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23701351]: [S. 436](https://www.legislation.gov.uk/ukpga/1988/1/section/436) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 24](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/24), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c22772551]: [S. 438A](https://www.legislation.gov.uk/ukpga/1988/1/section/438A) inserted (2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/49/1); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c22809031]: [S. 438A](https://www.legislation.gov.uk/ukpga/1988/1/section/438A) repealed (with effect in accordance with s. 87(2)(5) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 87(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/87/1), [Sch. 33 Pt. 2(12)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/12)
[^c23701371]: [S. 438B](https://www.legislation.gov.uk/ukpga/1988/1/section/438B) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 27](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/27), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23701391]: [S. 438C](https://www.legislation.gov.uk/ukpga/1988/1/section/438C) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 28](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/28), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23701411]: [S. 439](https://www.legislation.gov.uk/ukpga/1988/1/section/439) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 29](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/29), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23701471]: [S. 439A](https://www.legislation.gov.uk/ukpga/1988/1/section/439A) repealed (with effect in accordance with s. 39(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 7](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/7), [Sch. 27 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/8), Note (with Sch. 8 Pt. 2)
[^c23701431]: [S. 439B](https://www.legislation.gov.uk/ukpga/1988/1/section/439B) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 30](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/30), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c22772761]: [Ss. 440](https://www.legislation.gov.uk/ukpga/1988/1/section/440), [440A](https://www.legislation.gov.uk/ukpga/1988/1/section/440A) substituted for s. 440 (1.1.1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 paras. 8](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/8), [11(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/11/2) (with [Sch. 6 para. 12](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/12))
[^c23701451]: [S. 441](https://www.legislation.gov.uk/ukpga/1988/1/section/441) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 34](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/34), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c22772951]: [Ss. 441](https://www.legislation.gov.uk/ukpga/1988/1/section/441), [441A](https://www.legislation.gov.uk/ukpga/1988/1/section/441A) substituted for s. 441 by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch.7 paras. 3](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/3), [10](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/10)
[^c22799931]: [S. 441A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/441A/1) repealed (with effect in accordance with Sch. 3 para. 9(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 9(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/9/2), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22800001]: [S. 441A(2)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/441A/2) repealed (with effect in accordance with Sch. 4 para. 28(2), Sch. 8 Pt. 2(10) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 28(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/28/1), [Sch. 8 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/10)
[^c22789011]: [S. 441A(3)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/441A/3) substituted for s. 441A(3)-(6) (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 31](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/31) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23701571]: [S. 441B](https://www.legislation.gov.uk/ukpga/1988/1/section/441B) repealed (13.8.2007 with effect in accordance with reg. 1(2) of the repealing S.I.) by [The Insurance Companies (Overseas Life Assurance Business) (Excluded Business) (Amendment) Regulations 2007 (S.I. 2007/2086)](https://www.legislation.gov.uk/uksi/2007/2086), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2086/regulation/1/1), [6(2)(a)](https://www.legislation.gov.uk/uksi/2007/2086/regulation/6/2/a)
[^c23701511]: [S. 443](https://www.legislation.gov.uk/ukpga/1988/1/section/443) repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 16(3)(d)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/16/3/d), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23701531]: [S. 444](https://www.legislation.gov.uk/ukpga/1988/1/section/444) repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 16(3)(e)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/16/3/e), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c22773211]: [S. 444A](https://www.legislation.gov.uk/ukpga/1988/1/section/444A) inserted (with effect in accordance with [Sch. 9 para. 7](https://www.legislation.gov.uk/ukpga/1990/29/schedule/9/paragraph/7) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 9 para. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/9/paragraph/4)
[^c23701491]: [S. 444ACA](https://www.legislation.gov.uk/ukpga/1988/1/section/444ACA) repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 2(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/2/2), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c22771511]: Cross-heading before s. 434 inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 51(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/51/4) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23635511]: [Ss. 434AZA-434AZC](https://www.legislation.gov.uk/ukpga/1988/1/section/434AZA) inserted (with effect in accordance with [Sch. 23 para. 3(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/23/paragraph/3/2) of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 23 para. 3(1)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/23/paragraph/3/1)
[^c22788051]: [S. 434B](https://www.legislation.gov.uk/ukpga/1988/1/section/434B) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 21(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/21/1) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22788071]: [S. 434C](https://www.legislation.gov.uk/ukpga/1988/1/section/434C) inserted (with effect in accordance with Sch. 8 paras. 54, 57(1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 22](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/22) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22788091]: [Ss. 434D](https://www.legislation.gov.uk/ukpga/1988/1/section/434D), [434E](https://www.legislation.gov.uk/ukpga/1988/1/section/434E) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 23(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/23/1) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23633431]: [Ss. 436A](https://www.legislation.gov.uk/ukpga/1988/1/section/436A), [436B](https://www.legislation.gov.uk/ukpga/1988/1/section/436B) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 25](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/25) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c22794081]: [S. 437A](https://www.legislation.gov.uk/ukpga/1988/1/section/437A) inserted (with effect in accordance with [s. 67(8)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/8) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 67(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/3)
[^c22808951]: [Ss. 438B](https://www.legislation.gov.uk/ukpga/1988/1/section/438B), [438C](https://www.legislation.gov.uk/ukpga/1988/1/section/438C) inserted (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76](https://www.legislation.gov.uk/ukpga/2001/9/section/76), [Sch. 25 para. 5](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/5)
[^c22788421]: [S. 439A](https://www.legislation.gov.uk/ukpga/1988/1/section/439A) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 26](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/26) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22788441]: [S. 439B](https://www.legislation.gov.uk/ukpga/1988/1/section/439B) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 27(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/27/1) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22788951]: [S. 440B](https://www.legislation.gov.uk/ukpga/1988/1/section/440B) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 28(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/28/1) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23633451]: [S. 440C](https://www.legislation.gov.uk/ukpga/1988/1/section/440C) inserted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 9](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/9) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23635311]: [S. 440D](https://www.legislation.gov.uk/ukpga/1988/1/section/440D) inserted (27.12.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Taxation of Reinsurance Business) (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/3430)](https://www.legislation.gov.uk/uksi/2007/3430), [art. 3(2)](https://www.legislation.gov.uk/uksi/2007/3430/article/3/2)
[^c22789031]: [S. 441B](https://www.legislation.gov.uk/ukpga/1988/1/section/441B) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 32](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/32) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22789051]: [S. 442A](https://www.legislation.gov.uk/ukpga/1988/1/section/442A) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 34](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/34) (with [Sch. 8 paras. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2), [57(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/2))
[^c23635331]: [Ss. 444AZA](https://www.legislation.gov.uk/ukpga/1988/1/section/444AZA), [444AZB](https://www.legislation.gov.uk/ukpga/1988/1/section/444AZB) inserted (19.2.2008 with effect in accordance with art. 1(5) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [art. 9](https://www.legislation.gov.uk/uksi/2008/381/article/9)
[^c23633351]: [S. 444AA](https://www.legislation.gov.uk/ukpga/1988/1/section/444AA) inserted (with effect in accordance with [Sch. 33 para. 18(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/18/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 18(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/18/1)
[^c23633371]: [S. 444AB](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB) inserted (with effect in accordance with [Sch. 33 para. 19(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/19/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 19(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/19/1)
[^c23633411]: [S. 444ABA](https://www.legislation.gov.uk/ukpga/1988/1/section/444ABA) inserted (with effect in accordance with [Sch. 7 para. 3(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/3/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 3(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/3/1)
[^c23635531]: [S. 444ABAA](https://www.legislation.gov.uk/ukpga/1988/1/section/444ABAA) inserted (with effect in accordance with [s. 15(11)](https://www.legislation.gov.uk/ukpga/2010/33/section/15/11) of the amending Act) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [s. 15(10)](https://www.legislation.gov.uk/ukpga/2010/33/section/15/10)
[^c23633471]: [Ss. 444AB-444ABC](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB) substituted for ss. 444AB, 444ABA (with effect in accordance with [Sch. 9 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 4(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/4/1); [S.I. 2008/379](https://www.legislation.gov.uk/uksi/2008/379), [art. 2](https://www.legislation.gov.uk/uksi/2008/379/article/2)
[^c23635351]: [S. 444ABBA](https://www.legislation.gov.uk/ukpga/1988/1/section/444ABBA) inserted (19.2.2008 with effect in accordance with art. 1(4) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [art. 14](https://www.legislation.gov.uk/uksi/2008/381/article/14)
[^c23633491]: [Ss. 444AB-444ABC](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB) substituted for ss. 444AB, 444ABA (with effect in accordance with [Sch. 9 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 4(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/4/1); [S.I. 2008/379](https://www.legislation.gov.uk/uksi/2008/379), [art. 2](https://www.legislation.gov.uk/uksi/2008/379/article/2)
[^c23633501]: [S. 444ABD](https://www.legislation.gov.uk/ukpga/1988/1/section/444ABD) inserted (with effect in accordance with [Sch. 9 para. 17(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/4) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 5](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/5)
[^c23633391]: [Ss. 444AC-444AE](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC) inserted (with effect in accordance with [Sch. 33 para. 20(3)(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/20/3/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 20(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/20/1)
[^c23633521]: [Ss. 444AC](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC), [444ACZA](https://www.legislation.gov.uk/ukpga/1988/1/section/444ACZA) substituted for s. 444AC (with effect in accordance with [Sch. 9 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 6(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/6/1); [S.I. 2008/379](https://www.legislation.gov.uk/uksi/2008/379), [art. 2](https://www.legislation.gov.uk/uksi/2008/379/article/2)
[^c23694771]: [S. 444ACA](https://www.legislation.gov.uk/ukpga/1988/1/section/444ACA) inserted (with effect in accordance with [Sch. 9 para. 8(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/8/2) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 8(1)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/8/1)
[^c23635371]: [Ss. 444AECA-444AECC](https://www.legislation.gov.uk/ukpga/1988/1/section/444AECA) inserted (19.2.2008 with effect in accordance with art. 1(4) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [art. 22](https://www.legislation.gov.uk/uksi/2008/381/article/22)
[^c23710481]: [S. 444AK](https://www.legislation.gov.uk/ukpga/1988/1/section/444AK) heading substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by virtue of [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 38(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/38/5) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c21603191]: [S. 444B](https://www.legislation.gov.uk/ukpga/1988/1/section/444B) and cross heading inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/97/1)
[^c23710901]: [S. 444B](https://www.legislation.gov.uk/ukpga/1988/1/section/444B) repealed (31.12.2006 with effect in accordance with reg. 1 of the repealing S.I.) by [The Overseas Life Insurance Companies Regulations 2006 (S.I. 2006/3271)](https://www.legislation.gov.uk/uksi/2006/3271), [reg. 43(1)](https://www.legislation.gov.uk/uksi/2006/3271/regulation/43/1), [Sch. Pt. 1](https://www.legislation.gov.uk/uksi/2006/3271/schedule/part/1)
[^c21603181]: [S. 444B](https://www.legislation.gov.uk/ukpga/1988/1/section/444B) and cross heading inserted (27.7.1993) by [1993 c.34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/97/1)
[^c22798771]: [Ss. 444C-444E](https://www.legislation.gov.uk/ukpga/1988/1/section/444C) repealed (with effect in accordance with Sch. 8 paras. 55, 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Notes 1, 2
[^c22798781]: [Ss. 444C-444E](https://www.legislation.gov.uk/ukpga/1988/1/section/444C) repealed (with effect in accordance with Sch. 8 paras. 55, 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Notes 1, 2
[^c22798791]: [Ss. 444C-444E](https://www.legislation.gov.uk/ukpga/1988/1/section/444C) repealed (with effect in accordance with Sch. 8 paras. 55, 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Notes 1, 2
[^c21603311]: [S. 445](https://www.legislation.gov.uk/ukpga/1988/1/section/445) repealed (27.7.1993 with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103(2)(a)(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2/a/3/4), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(9)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/9), note
[^c21603401]: [S. 446(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/446/1) repealed (27.7.1993 with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103(2)(b)(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2/b/3/4), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(9)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/9), note
[^c21603411]: [S. 446(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/446/2/3) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/7/1/b), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 3
[^c21603431]: [S. 446(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/446/4) repealed by [Finance Act 1990 (c. 29, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 132](https://www.legislation.gov.uk/ukpga/1990/29/section/132), [Sch. 19 Pt. IV](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/IV).
[^c21603521]: [S. 447(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/447/1/2) and (4) repealed (27.7.1993 with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103(2)(c)(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2/c/3/4), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(9)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/9), note
[^c21603541]: [S. 447(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/447/3) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 paras. 7(3)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/7/3), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 3
[^c21603591]: [S. 448](https://www.legislation.gov.uk/ukpga/1988/1/section/448) repealed (27.7.1993 with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2)d), 213, Sch. 23 Pt.III (9), note
[^c21603611]: [S. 449](https://www.legislation.gov.uk/ukpga/1988/1/section/449) repealed (27.7.1993 with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103(2)(e)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2/e),213, Sch. 23 Pt. III (9), note
[^c21603791]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12) notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes 1 and 5
[^c21603971]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the repealing Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes. 1 and 5
[^c21604111]: SS. 450-457 repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes 1 and 5
[^c21604161]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), SCh. 23, Pt.III (12), notes 1 and 5)
[^c21604241]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes 1 and 5
[^c21604271]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes 1 and 5
[^c21604321]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes 1 and 5
[^c21604371]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes 1 and 5
[^c23711261]: [Ss. 458](https://www.legislation.gov.uk/ukpga/1988/1/section/458), [458A](https://www.legislation.gov.uk/ukpga/1988/1/section/458A) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 39](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/39), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23711281]: [Ss. 458](https://www.legislation.gov.uk/ukpga/1988/1/section/458), [458A](https://www.legislation.gov.uk/ukpga/1988/1/section/458A) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 39](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/39), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c22885991]: [S. 458A](https://www.legislation.gov.uk/ukpga/1988/1/section/458A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 168(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/168/3)
[^c23572371]: [Ss. 444AF-444AL](https://www.legislation.gov.uk/ukpga/1988/1/section/444AF) and preceding cross-heading inserted (with effect in accordance with [Sch. 11 para. 5(2)-(14)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/5/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 5(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/5/1)
[^c22798801]: [Ss. 444BA-444BD](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA) and preceding cross-heading inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 166](https://www.legislation.gov.uk/ukpga/1996/8/section/166), [Sch. 32 para. 1](https://www.legislation.gov.uk/ukpga/1996/8/schedule/32/paragraph/1)
[^c21605821]: [Ss. 461A-461C](https://www.legislation.gov.uk/ukpga/1988/1/section/461A) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/7); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21605831]: [Ss. 461A-461C](https://www.legislation.gov.uk/ukpga/1988/1/section/461A) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/7); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21605841]: [Ss. 461A-461C](https://www.legislation.gov.uk/ukpga/1988/1/section/461A) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/7); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21605921]: [S. 462A](https://www.legislation.gov.uk/ukpga/1988/1/section/462A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 2](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/2)
[^c21606481]: [S. 465A](https://www.legislation.gov.uk/ukpga/1988/1/section/465A) inserted (19.12.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.13](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/13), [22](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/22); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c23717841]: [S. 461D](https://www.legislation.gov.uk/ukpga/1988/1/section/461D) inserted (with effect in accordance with [Sch. 18 para. 3(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/18/paragraph/3/2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 18 para. 3(1)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/18/paragraph/3/1)
[^c21607411]: [S. 468AA](https://www.legislation.gov.uk/ukpga/1988/1/section/468AA) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 81(1)(5)](https://www.legislation.gov.uk/ukpga/1990/29/section/81/1/5)
[^c22813161]: [S. 468AA](https://www.legislation.gov.uk/ukpga/1988/1/section/468AA) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 6](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/6), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c21607421]: [Ss. 468A-468C](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 78](https://www.legislation.gov.uk/ukpga/1989/26/section/78)
[^c23718801]: [Ss. 468A-468D](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 52](https://www.legislation.gov.uk/ukpga/1990/29/section/52), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 7
[^c21607461]: [Ss. 468A-468C](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 78](https://www.legislation.gov.uk/ukpga/1989/26/section/78)
[^c23718821]: [Ss. 468A-468D](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 52](https://www.legislation.gov.uk/ukpga/1990/29/section/52), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 7
[^c21607491]: [Ss. 468A-468C](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 78](https://www.legislation.gov.uk/ukpga/1989/26/section/78)
[^c23718841]: [Ss. 468A-468D](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 52](https://www.legislation.gov.uk/ukpga/1990/29/section/52), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 7
[^c21607511]: [S. 468D](https://www.legislation.gov.uk/ukpga/1988/1/section/468D) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 79](https://www.legislation.gov.uk/ukpga/1989/26/section/79)
[^c23718861]: [Ss. 468A-468D](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 52](https://www.legislation.gov.uk/ukpga/1990/29/section/52), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 7
[^c21607561]: [Ss. 468E-468G](https://www.legislation.gov.uk/ukpga/1988/1/section/468E) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 51](https://www.legislation.gov.uk/ukpga/1990/29/section/51)
[^c22790461]: [S. 468E](https://www.legislation.gov.uk/ukpga/1988/1/section/468E) repealed (with effect in accordance with Sch. 6 paras. 10(3), 28 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/1), Note 1
[^c22790541]: [S. 468EE](https://www.legislation.gov.uk/ukpga/1988/1/section/468EE) repealed (with effect in accordance with Sch. 6 paras. 10(3), 28 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/1), Note 1
[^c21607611]: [Ss. 468E-468G](https://www.legislation.gov.uk/ukpga/1988/1/section/468E) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 51](https://www.legislation.gov.uk/ukpga/1990/29/section/51)
[^c22753451]: [S. 468F](https://www.legislation.gov.uk/ukpga/1988/1/section/468F) repealed (with effect in accordance with Sch. 14 para. 7 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 4](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/4), [Sch. 26 Pt. 5(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/13), Note
[^c21607651]: [Ss. 468E-468G](https://www.legislation.gov.uk/ukpga/1988/1/section/468E) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 51](https://www.legislation.gov.uk/ukpga/1990/29/section/51)
[^c22753471]: [S. 468G](https://www.legislation.gov.uk/ukpga/1988/1/section/468G) repealed (with effect in accordance with Sch. 14 para. 7 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 4](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/4), [Sch. 26 Pt. 5(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/13), Note
[^c23719061]: [S. 468A](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) inserted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 16](https://www.legislation.gov.uk/ukpga/2005/22/section/16)
[^c22753401]: [S. 468EE](https://www.legislation.gov.uk/ukpga/1988/1/section/468EE) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 111(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/111/2)
[^c23719691]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719711]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719721]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c22800231]: [S. 468K](https://www.legislation.gov.uk/ukpga/1988/1/section/468K) repealed (with effect in accordance with s. 36, Sch. 6 para. 8(9) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 8(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/8/4), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11)
[^c23719731]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719251]: [S. 468M](https://www.legislation.gov.uk/ukpga/1988/1/section/468M) substituted for ss. 468M, 468N (with effect in accordance with [s. 203(14)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/14) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 203(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/3)
[^c23719741]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719311]: Words in [s. 468O](https://www.legislation.gov.uk/ukpga/1988/1/section/468O) sidenote inserted (with effect in accordance with [s. 203(14)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/14) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 203(7)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/7)
[^c23719751]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719781]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719761]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719771]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719371]: [Ss. 468PA](https://www.legislation.gov.uk/ukpga/1988/1/section/468PA), [468PB](https://www.legislation.gov.uk/ukpga/1988/1/section/468PB) inserted (with effect in accordance with [s. 203(14)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/14) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 203(9)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/9)
[^c23719791]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c22801151]: [S. 468R](https://www.legislation.gov.uk/ukpga/1988/1/section/468R) repealed (with effect in accordance with s. 36, Sch. 6 para. 8(9) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 8(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/8/7), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23721291]: [S. 470(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/470/1/3) repealed (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(23)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/23)
[^c23721281]: [S. 470(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/470/2) ceased to have effect (29.4.1988) by virtue of s. 470(3) below and [S.I. 1988/745](https://www.legislation.gov.uk/uksi/1988/745), [art. 2](https://www.legislation.gov.uk/uksi/1988/745/article/2)
[^c22803971]: [S. 469A](https://www.legislation.gov.uk/ukpga/1988/1/section/469A) inserted (with effect in accordance with [s. 68(3)-(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/68/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 68(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/68/1)
[^c22801561]: [S. 471](https://www.legislation.gov.uk/ukpga/1988/1/section/471) repealed (with effect in accordance with s. 101(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 101(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/101/1), [Sch. 27 Pt. 3(23)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/23), Note 1
[^c22801581]: [S. 472](https://www.legislation.gov.uk/ukpga/1988/1/section/472) repealed (with effect in accordance with s. 101(4) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 101(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/101/2), [Sch. 27 Pt. 3(23)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/23), Note 2
[^c22791901]: [S. 474(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/474/1/3) repealed (with effect in accordance with Sch. 7 para. 32-35, Sch. 41 Pt. 5(2) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8). Sch. 7 para. 18, Sch. 41 Pt. 5(2)
[^c22791931]: [S. 474(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/474/2) repealed (with effect in accordance with s. 154(9) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 28 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/2), [Sch. 41 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/18), Note
[^c22765331]: [S. 474(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/474/3) inserted (with effect in accordance with [Sch. 8 para. 55](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 25(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/25/2)
[^c23721941]: [S. 472A](https://www.legislation.gov.uk/ukpga/1988/1/section/472A) inserted (with effect in accordance with [s. 54(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/54/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 54](https://www.legislation.gov.uk/ukpga/2004/12/section/54) (as amended (retrospectively) by [Finance Act 2005 (c.7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7))
[^c22754241]: [Ss. 468H-468R](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) and cross-headings inserted (with effect in accordance with [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 2](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/2)
[^c23724591]: [S. 476](https://www.legislation.gov.uk/ukpga/1988/1/section/476) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 2](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/2), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 8
[^c23724611]: [S. 477](https://www.legislation.gov.uk/ukpga/1988/1/section/477) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 3](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/3), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 8
[^c23722361]: Words in [s. 477A](https://www.legislation.gov.uk/ukpga/1988/1/section/477A) sidenote substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 88(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/88/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21608281]: [S. 477A](https://www.legislation.gov.uk/ukpga/1988/1/section/477A) inserted (with effect in accordance with [Sch. 5 para. 4(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/4/2) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 4(1)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/4/1)
[^c23724891]: [S. 478](https://www.legislation.gov.uk/ukpga/1988/1/section/478) repealed (with effect in accordance with s. 199(2) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 26 Pt. 5(23)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/23), Note 4; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23724911]: [S. 479](https://www.legislation.gov.uk/ukpga/1988/1/section/479) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 5](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/5), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 8
[^c23724931]: [S. 480](https://www.legislation.gov.uk/ukpga/1988/1/section/480) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 6](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/6), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 8
[^c21608511]: [Ss. 480A-480C](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) inserted (with effect in accordance with [Sch. 5 para. 7(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/7/2) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 7(1)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/7/1)
[^c23724751]: [Ss. 480A-482](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 89](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/89), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21608531]: [Ss. 480A-480C](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) inserted (with effect in accordance with [Sch. 5 para. 7(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/7/2) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 7(1)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/7/1)
[^c23724771]: [Ss. 480A-482](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 89](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/89), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21608541]: [Ss. 480A-480C](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) inserted (with effect in accordance with [Sch. 5 para. 7(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/7/2) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 7(1)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/7/1)
[^c23724731]: [S. 480C](https://www.legislation.gov.uk/ukpga/1988/1/section/480C) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 185](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/185), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724791]: [Ss. 480A-482](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 89](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/89), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23724811]: [Ss. 480A-482](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 89](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/89), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23723831]: [S. 483(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/483/1)(5) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 12](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/12), [Sch. 19 Part IV](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19), Note 8
[^c22792181]: [S. 484](https://www.legislation.gov.uk/ukpga/1988/1/section/484) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para 29](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/29), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c22792201]: [S. 485](https://www.legislation.gov.uk/ukpga/1988/1/section/485) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 29](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/29), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c21608391]: [S. 477B](https://www.legislation.gov.uk/ukpga/1988/1/section/477B) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 51](https://www.legislation.gov.uk/ukpga/1991/31/section/51), [Sch. 10 para. 3(1)(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/10/paragraph/3/1/2)
[^c23723881]: [S. 482A](https://www.legislation.gov.uk/ukpga/1988/1/section/482A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s.75](https://www.legislation.gov.uk/ukpga/1991/31/section/75)
[^c22806081]: [S. 482A](https://www.legislation.gov.uk/ukpga/1988/1/section/482A) repealed (with effect in accordance with s. 145(11), Sch. 40 Pt. 5 Note of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 145(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/145/10), [Sch. 40 Pt. 5](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/5)
[^c23726811]: [S. 494](https://www.legislation.gov.uk/ukpga/1988/1/section/494) sidenote substituted (with effect in accordance with [s. 38(7)-(13)](https://www.legislation.gov.uk/ukpga/2005/22/section/38/7) of the amending Act) by virtue of [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 38(5)](https://www.legislation.gov.uk/ukpga/2005/22/section/38/5)
[^c23728641]: [S. 496](https://www.legislation.gov.uk/ukpga/1988/1/section/496) sidenote substituted (with effect in accordance with [s. 285(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/285/7) of the amending Act) by virtue of [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 37 para. 11(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/37/paragraph/11/5)
[^c22801721]: [S. 497](https://www.legislation.gov.uk/ukpga/1988/1/section/497) repealed (with effect in accordance with Sch. 3 para. 29(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 29(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/29/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22801791]: [S. 498](https://www.legislation.gov.uk/ukpga/1988/1/section/498) repealed (with effect in accordance with Sch. 3 para. 30(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 30(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/30/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note (with Sch. 3 para. 30(3))
[^c22801801]: [S. 499](https://www.legislation.gov.uk/ukpga/1988/1/section/499) repealed (with effect in accordance with Sch. 3 para. 31(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 31(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/31/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22804801]: [S. 494AA](https://www.legislation.gov.uk/ukpga/1988/1/section/494AA) inserted (with application in accordance with [s. 100(2)(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/100/2/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 100(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/100/1)
[^c22801441]: [S. 494A](https://www.legislation.gov.uk/ukpga/1988/1/section/494A) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 30](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/30) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23726021]: [S. 496A](https://www.legislation.gov.uk/ukpga/1988/1/section/496A) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 286(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/286/2)
[^c23726041]: [S. 496B](https://www.legislation.gov.uk/ukpga/1988/1/section/496B) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/2)
[^c22813751]: [S. 501A](https://www.legislation.gov.uk/ukpga/1988/1/section/501A) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [ss. 91](https://www.legislation.gov.uk/ukpga/2002/23/section/91), [93](https://www.legislation.gov.uk/ukpga/2002/23/section/93)
[^c22813901]: [S. 501B](https://www.legislation.gov.uk/ukpga/1988/1/section/501B) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [ss. 92(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/92/1), [93](https://www.legislation.gov.uk/ukpga/2002/23/section/93)
[^c22805801]: [Pt. 12 Ch. 5](https://www.legislation.gov.uk/ukpga/1988/1/part/12/chapter/5) modified (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 98](https://www.legislation.gov.uk/ukpga/1999/16/section/98)
[^c23729321]: [S. 502GB](https://www.legislation.gov.uk/ukpga/1988/1/section/502GB) inserted (with effect in accordance with [Sch. 20 para. 9(6)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/9/6) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 20 para. 9(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/9/3)
[^c23729341]: [S. 502GC](https://www.legislation.gov.uk/ukpga/1988/1/section/502GC) inserted (with effect in accordance with [Sch. 20 para. 9(7)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/9/7) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 20 para. 9(4)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/9/4)
[^c23729361]: [S. 502GD](https://www.legislation.gov.uk/ukpga/1988/1/section/502GD) inserted (with effect in accordance with [Sch. 33 para. 3](https://www.legislation.gov.uk/ukpga/2009/10/schedule/33/paragraph/3) of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 33 para. 1](https://www.legislation.gov.uk/ukpga/2009/10/schedule/33/paragraph/1)
[^c23729301]: [S. 502GA](https://www.legislation.gov.uk/ukpga/1988/1/section/502GA) and preceding cross-heading inserted (with effect in accordance with [Sch. 20 para. 9(5)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/9/5) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 20 para. 9(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/9/2)
[^c23729851]: Words in [s. 503](https://www.legislation.gov.uk/ukpga/1988/1/section/503) sidenote inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22802741]: [S. 503](https://www.legislation.gov.uk/ukpga/1988/1/section/503) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 42](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/42) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23733051]: [S. 504A](https://www.legislation.gov.uk/ukpga/1988/1/section/504A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 93](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/93), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730861]: Words in [s. 505](https://www.legislation.gov.uk/ukpga/1988/1/section/505) sidenote substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(10)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/10) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731411]: [S. 506(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/3) heading substituted (with effect in accordance with [s. 55(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(2)(g)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/2/g)
[^c23732981]: [Ss. 508A](https://www.legislation.gov.uk/ukpga/1988/1/section/508A), [508B](https://www.legislation.gov.uk/ukpga/1988/1/section/508B) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 143(a)](https://www.legislation.gov.uk/ukpga/2006/25/section/143/a), [Sch. 26 Pt. 4](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/4)
[^c23733001]: [Ss. 508A](https://www.legislation.gov.uk/ukpga/1988/1/section/508A), [508B](https://www.legislation.gov.uk/ukpga/1988/1/section/508B) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 143(a)](https://www.legislation.gov.uk/ukpga/2006/25/section/143/a), [Sch. 26 Pt. 4](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/4)
[^c21610541]: [S. 510A](https://www.legislation.gov.uk/ukpga/1988/1/section/510A) inserted (retrospective to 1.7.1989) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 11 paras. 1](https://www.legislation.gov.uk/ukpga/1990/29/schedule/11/paragraph/1), [5](https://www.legislation.gov.uk/ukpga/1990/29/schedule/11/paragraph/5)
[^c22809771]: [S. 511(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/511/1)(6) repealed (9.11.2001) by [Electricity Act 1989 (c. 29)](https://www.legislation.gov.uk/ukpga/1989/29), [s. 113(2)](https://www.legislation.gov.uk/ukpga/1989/29/section/113/2), [Sch. 18](https://www.legislation.gov.uk/ukpga/1989/29/schedule/18); [S.I. 2001/3419](https://www.legislation.gov.uk/uksi/2001/3419), [art. 2](https://www.legislation.gov.uk/uksi/2001/3419/article/2)
[^c21610641]: [S. 511(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/511/4/5) repealed (1.4.1992) by [S.I. 1992/231 (N.I. 1)](https://www.legislation.gov.uk/nisi/1992/231), [art. 95(4)](https://www.legislation.gov.uk/nisi/1992/231/article/95/4), [Sch.14](https://www.legislation.gov.uk/nisi/1992/231/schedule/14); [S.R. 1992/117](https://www.legislation.gov.uk/nisr/1992/117), [art. 3(1)](https://www.legislation.gov.uk/nisr/1992/117/article/3/1)
[^c23732961]: [S. 512](https://www.legislation.gov.uk/ukpga/1988/1/section/512) repealed (with effect in accordance with s. 46(4)(c)-(e) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 46(2)(c)(d)](https://www.legislation.gov.uk/ukpga/2005/22/section/46/2/c/d), [Sch. 11 Pt. 2(12)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/12), Note (with s. 46(7)); and s. 512(2) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23732941]: [S. 514](https://www.legislation.gov.uk/ukpga/1988/1/section/514) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 200](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/200), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733071]: [S. 515](https://www.legislation.gov.uk/ukpga/1988/1/section/515) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 102](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/102), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23733091]: [S. 516](https://www.legislation.gov.uk/ukpga/1988/1/section/516) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 103](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/103), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21611041]: [S. 519A](https://www.legislation.gov.uk/ukpga/1988/1/section/519A) inserted (17.9.1990) by [National Health Service and Community Care Act 1990 (c. 19)](https://www.legislation.gov.uk/ukpga/1990/19), [ss. 61(1)](https://www.legislation.gov.uk/ukpga/1990/19/section/61/1), [67(2)](https://www.legislation.gov.uk/ukpga/1990/19/section/67/2); [S.I. 1990/1329](https://www.legislation.gov.uk/uksi/1990/1329), [art. 2(5)(a)](https://www.legislation.gov.uk/uksi/1990/1329/article/2/5/a), [Sch. 2](https://www.legislation.gov.uk/uksi/1990/1329/schedule/2)
[^c23729671]: [S. 504A](https://www.legislation.gov.uk/ukpga/1988/1/section/504A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 197](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/197) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729691]: [Ss. 506A-506C](https://www.legislation.gov.uk/ukpga/1988/1/section/506A) inserted (with effect in accordance with [s. 54(2)(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/54/2/3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 54(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/54/1)
[^c22793631]: [Ss. 508A](https://www.legislation.gov.uk/ukpga/1988/1/section/508A), [508B](https://www.legislation.gov.uk/ukpga/1988/1/section/508B) inserted (with effect in accordance with [Sch. 30 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/30/paragraph/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 30 para. 1](https://www.legislation.gov.uk/ukpga/1996/8/schedule/30/paragraph/1)
[^c23572351]: [Pt. 12 Ch. 5A](https://www.legislation.gov.uk/ukpga/1988/1/part/12/chapter/5A) (ss. 502A-502L) inserted (with effect in accordance with [Sch. 8 para. 15](https://www.legislation.gov.uk/ukpga/2006/25/schedule/8/paragraph/15) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 8 para. 11](https://www.legislation.gov.uk/ukpga/2006/25/schedule/8/paragraph/11)
[^c22781151]: [Ss. 520-523](https://www.legislation.gov.uk/ukpga/1988/1/section/520) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 44](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/44), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781171]: [Ss. 520-523](https://www.legislation.gov.uk/ukpga/1988/1/section/520) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 44](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/44), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781181]: [Ss. 520-523](https://www.legislation.gov.uk/ukpga/1988/1/section/520) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 44](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/44), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781191]: [Ss. 520-523](https://www.legislation.gov.uk/ukpga/1988/1/section/520) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 44](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/44), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c23734121]: Word in [s. 525](https://www.legislation.gov.uk/ukpga/1988/1/section/525) sidenote omitted (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by virtue of [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21611301]: Source - 1970 s.384
[^c23734261]: [S. 527(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/527/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 108(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/108/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22771341]: [S. 527(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/527/3) repealed (with effect in accordance with Sch. 14 Pt. 8 Note 5 of the repealing Act) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [Sch. 14 Pt. 8](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14/part/8)
[^c23734281]: [S. 527(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/527/4) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 108(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/108/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23734951]: [S. 529](https://www.legislation.gov.uk/ukpga/1988/1/section/529) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 206](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/206), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22781231]: [S. 530](https://www.legislation.gov.uk/ukpga/1988/1/section/530) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 47](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/47), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781731]: [S. 534](https://www.legislation.gov.uk/ukpga/1988/1/section/534) repealed (with effect in accordance with s. 71(3) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/6)
[^c22781751]: [S. 535](https://www.legislation.gov.uk/ukpga/1988/1/section/535) repealed (with effect in accordance with s. 71(3) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/6)
[^c23734971]: [Ss. 536](https://www.legislation.gov.uk/ukpga/1988/1/section/536), [537](https://www.legislation.gov.uk/ukpga/1988/1/section/537), [537B](https://www.legislation.gov.uk/ukpga/1988/1/section/537B) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 110](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/110), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23734991]: [Ss. 536](https://www.legislation.gov.uk/ukpga/1988/1/section/536), [537](https://www.legislation.gov.uk/ukpga/1988/1/section/537), [537B](https://www.legislation.gov.uk/ukpga/1988/1/section/537B) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 110](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/110), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22781771]: [S. 537A](https://www.legislation.gov.uk/ukpga/1988/1/section/537A) repealed (with effect in accordance with s. 71(3) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/6)
[^c23735011]: [Ss. 536](https://www.legislation.gov.uk/ukpga/1988/1/section/536), [537](https://www.legislation.gov.uk/ukpga/1988/1/section/537), [537B](https://www.legislation.gov.uk/ukpga/1988/1/section/537B) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 110](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/110), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21611651]: [Ss. 537A](https://www.legislation.gov.uk/ukpga/1988/1/section/537A), [537B](https://www.legislation.gov.uk/ukpga/1988/1/section/537B) and preceding cross-heading inserted (1.8.1989) by [Intellectual Property Act 1988 (c. 48)](https://www.legislation.gov.uk/ukpga/1988/48), [Sch. 7 para. 36(6)](https://www.legislation.gov.uk/ukpga/1988/48/schedule/7/paragraph/36/6); [S.I. 1989/816](https://www.legislation.gov.uk/uksi/1989/816), [art. 2](https://www.legislation.gov.uk/uksi/1989/816/article/2)
[^c22781791]: [S. 538](https://www.legislation.gov.uk/ukpga/1988/1/section/538) repealed (with effect in accordance with s. 71(3) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/6)
[^c22797451]: [Pt. 13 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/1) modified (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 20](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/20)
[^c23748731]: [S. 549](https://www.legislation.gov.uk/ukpga/1988/1/section/549) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 219](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/219), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748751]: [S. 550](https://www.legislation.gov.uk/ukpga/1988/1/section/550) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 220](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/220), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748771]: [S. 551](https://www.legislation.gov.uk/ukpga/1988/1/section/551) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 221](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/221), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22782501]: [Ss. 552](https://www.legislation.gov.uk/ukpga/1988/1/section/552), [552ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/552ZA) substituted for s. 552 (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 18](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/18)
[^c23747361]: Words in [s. 552(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747041]: Words in [s. 552(5)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/b/ii) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747101]: Words in [s. 552(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/c) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(b)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747121]: Words in [s. 552(5)(c)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/c/i) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(b)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747141]: Words in [s. 552(5)(c)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/c/iii) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(b)(iii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/b/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747161]: Words in [s. 552(5)(c)(v)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/c/v) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(b)(iv)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/b/iv) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747061]: [S. 552(5)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/e) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747081]: [S. 552(5)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/f) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747031]: [S. 552(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/6) modified (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 5](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/5)
[^c23747181]: Words in [s. 552(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/6/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(4)(a)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/4/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747221]: Words in [s. 552(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/6/c) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747321]: [S. 552(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/10): words in definition of "amount" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(7)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747341]: [S. 552(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/10): definition of "chargeable event" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(7)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747401]: [S. 552(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/13) inserted (with effect in accordance with [s. 29(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/29/4) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 29(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/29/2)
[^c23748321]: Words in [s. 552ZA(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/552ZA/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 223](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/223) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22780521]: [S. 522A](https://www.legislation.gov.uk/ukpga/1988/1/section/522A) restricted (6.4.1999) by [The Overseas Insurers (Tax Representatives) Regulations 1999 (S.I. 1999/881)](https://www.legislation.gov.uk/uksi/1999/881), [reg. 11(2)](https://www.legislation.gov.uk/uksi/1999/881/regulation/11/2)
[^c23748121]: Words in [s. 552A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/552A/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 224(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/224/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22797621]: [S. 552A(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/552A/12) power exercised: 6.4.1999 appointed by [S.I. 1999/881](https://www.legislation.gov.uk/uksi/1999/881), [reg. 3](https://www.legislation.gov.uk/uksi/1999/881/regulation/3)
[^c23748061]: [S. 552A(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/552A/12): definition of "capital redemption policy" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 224(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/224/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748081]: [S. 552A(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/552A/12): definition of "contract for a life annuity" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 224(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/224/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748101]: [S. 552A(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/552A/12): definition of "policy of life insurance" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 224(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/224/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22782541]: [S. 552B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/552B/2) substituted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 19](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/19)
[^c23748261]: [S. 552B(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/552B/5A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 225](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/225) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748791]: [S. 554](https://www.legislation.gov.uk/ukpga/1988/1/section/554) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 229](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/229), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22777841]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) restricted (with effect in accordance with s. 105(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 3(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/3/2) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16))
[^c22780461]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) applied (with modifications) (6.4.1999) by [The Individual Savings Account Regulations 1998 (S.I. 1998/1870)](https://www.legislation.gov.uk/uksi/1998/1870), [regs. 35(7)](https://www.legislation.gov.uk/uksi/1998/1870/regulation/35/7), [36(3)-(7)](https://www.legislation.gov.uk/uksi/1998/1870/regulation/36/3) (as amended by [The Individual Savings Account (Amendment) Regulations 1998 (S.I. 1998/3174)](https://www.legislation.gov.uk/uksi/1998/3174), [reg. 12](https://www.legislation.gov.uk/uksi/1998/3174/regulation/12))
[^c22780481]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) applied (with modifications) (6.4.1999 with effect in accordance with reg. 1 of the affecting S.I.) by [The Personal Portfolio Bonds (Tax) Regulations 1999 (S.I. 1999/1029)](https://www.legislation.gov.uk/uksi/1999/1029), [reg. 6(2)-(8)](https://www.legislation.gov.uk/uksi/1999/1029/regulation/6/2) (as amended (6.4.2002) by [The Personal Portfolio Bonds (Tax) (Amendment) Regulations 2002 (S.I. 2002/455)](https://www.legislation.gov.uk/uksi/2002/455), [regs. 1](https://www.legislation.gov.uk/uksi/2002/455/regulation/1), [2](https://www.legislation.gov.uk/uksi/2002/455/regulation/2))
[^c23735051]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) modified (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 3](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/3)
[^c23735061]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) modified (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 15](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/15)
[^c23735091]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) modified (6.4.2005) by [The Child Trust Funds Regulations 2004 (S.I. 2004/1450)](https://www.legislation.gov.uk/uksi/2004/1450), [regs. 1](https://www.legislation.gov.uk/uksi/2004/1450/regulation/1), [2(1)](https://www.legislation.gov.uk/uksi/2004/1450/regulation/2/1), [38(3)-(8)](https://www.legislation.gov.uk/uksi/2004/1450/regulation/38/3); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23735101]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) modified (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 14(5)-(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/14/5)
[^c23735131]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) modified (with effect in accordance with Sch. 13 para. 5 of the modifying Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 13 para. 6](https://www.legislation.gov.uk/ukpga/2008/9/schedule/13/paragraph/6)
[^c23735071]: [S. 539ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/539ZA) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 211](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/211) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23735031]: [S. 539A](https://www.legislation.gov.uk/ukpga/1988/1/section/539A) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 2](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/2)
[^c22782261]: [S. 546A](https://www.legislation.gov.uk/ukpga/1988/1/section/546A) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 9](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/9)
[^c22782281]: [Ss. 546B-546D](https://www.legislation.gov.uk/ukpga/1988/1/section/546B) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 10](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/10)
[^c22779141]: [S. 547A](https://www.legislation.gov.uk/ukpga/1988/1/section/547A) inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 2](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/2)
[^c23735111]: [Ss. 548A](https://www.legislation.gov.uk/ukpga/1988/1/section/548A), [548B](https://www.legislation.gov.uk/ukpga/1988/1/section/548B) inserted (with effect in accordance with [s. 29(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/29/4) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 29(1)](https://www.legislation.gov.uk/ukpga/2007/11/section/29/1)
[^c22779161]: [Ss. 551A](https://www.legislation.gov.uk/ukpga/1988/1/section/551A) inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 3](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/3)
[^c22782521]: [Ss. 552](https://www.legislation.gov.uk/ukpga/1988/1/section/552), [552ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/552ZA) substituted for s. 552 (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 18](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/18)
[^c23748041]: [S. 552ZB](https://www.legislation.gov.uk/ukpga/1988/1/section/552ZB) inserted (17.7.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 9 para. 10](https://www.legislation.gov.uk/ukpga/2013/29/schedule/9/paragraph/10)
[^c22779181]: [Ss. 552A](https://www.legislation.gov.uk/ukpga/1988/1/section/552A), [552B](https://www.legislation.gov.uk/ukpga/1988/1/section/552B) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 87](https://www.legislation.gov.uk/ukpga/1998/36/section/87)
[^c22779201]: [S. 553A](https://www.legislation.gov.uk/ukpga/1988/1/section/553A) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 88(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/88/1)
[^c22779221]: [S. 553B](https://www.legislation.gov.uk/ukpga/1988/1/section/553B) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 88(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/88/2)
[^c22779241]: [S. 553C](https://www.legislation.gov.uk/ukpga/1988/1/section/553C) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 89](https://www.legislation.gov.uk/ukpga/1998/36/section/89)
[^c23749241]: [S. 555](https://www.legislation.gov.uk/ukpga/1988/1/section/555) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 113](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/113), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22779781]: Word in [s. 557](https://www.legislation.gov.uk/ukpga/1988/1/section/557) sidenote substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23749261]: [S. 557](https://www.legislation.gov.uk/ukpga/1988/1/section/557) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 231](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/231), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23749191]: [S. 558(1)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/558/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 115](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/115), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23749451]: [Pt. 13 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/4) (ss. 559-567) repealed (with effect in accordance with s. 77 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 12 para. 9(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/12/paragraph/9/2), [Sch. 42 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/7), Note; [S.I. 2006/3240](https://www.legislation.gov.uk/uksi/2006/3240), [art. 2](https://www.legislation.gov.uk/uksi/2006/3240/article/2)
[^c23749471]: [Pt. 13 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/4) (ss. 559-567) repealed (with effect in accordance with s. 77 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 12 para. 9(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/12/paragraph/9/2), [Sch. 42 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/7), Note; [S.I. 2006/3240](https://www.legislation.gov.uk/uksi/2006/3240), [art. 2](https://www.legislation.gov.uk/uksi/2006/3240/article/2)
[^c23749481]: [Pt. 13 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/4) (ss. 559-567) repealed (with effect in accordance with s. 77 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 12 para. 9(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/12/paragraph/9/2), [Sch. 42 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/7), Note; [S.I. 2006/3240](https://www.legislation.gov.uk/uksi/2006/3240), [art. 2](https://www.legislation.gov.uk/uksi/2006/3240/article/2)
[^c23749491]: [Pt. 13 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/4) (ss. 559-567) repealed (with effect in accordance with s. 77 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 12 para. 9(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/12/paragraph/9/2), [Sch. 42 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/7), Note; [S.I. 2006/3240](https://www.legislation.gov.uk/uksi/2006/3240), [art. 2](https://www.legislation.gov.uk/uksi/2006/3240/article/2)
[^c23749501]: [Pt. 13 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/4) (ss. 559-567) repealed (with effect in accordance with s. 77 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 12 para. 9(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/12/paragraph/9/2), [Sch. 42 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/7), Note; [S.I. 2006/3240](https://www.legislation.gov.uk/uksi/2006/3240), [art. 2](https://www.legislation.gov.uk/uksi/2006/3240/article/2)
[^c22775021]: [S. 563](https://www.legislation.gov.uk/ukpga/1988/1/section/563) repealed (with effect in accordance with Sch. 27 para. 8(1), Sch. 29 Pt. 8(21) Note 3 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/5), [Sch. 29 Pt. 8(21)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/21); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c23749521]: [Pt. 13 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/4) (ss. 559-567) repealed (with effect in accordance with s. 77 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 12 para. 9(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/12/paragraph/9/2), [Sch. 42 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/7), Note; [S.I. 2006/3240](https://www.legislation.gov.uk/uksi/2006/3240), [art. 2](https://www.legislation.gov.uk/uksi/2006/3240/article/2)
[^c23749531]: [Pt. 13 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/4) (ss. 559-567) repealed (with effect in accordance with s. 77 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 12 para. 9(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/12/paragraph/9/2), [Sch. 42 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/7), Note; [S.I. 2006/3240](https://www.legislation.gov.uk/uksi/2006/3240), [art. 2](https://www.legislation.gov.uk/uksi/2006/3240/article/2)
[^c23749541]: [Pt. 13 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/4) (ss. 559-567) repealed (with effect in accordance with s. 77 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 12 para. 9(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/12/paragraph/9/2), [Sch. 42 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/7), Note; [S.I. 2006/3240](https://www.legislation.gov.uk/uksi/2006/3240), [art. 2](https://www.legislation.gov.uk/uksi/2006/3240/article/2)
[^c23749551]: [Pt. 13 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/4) (ss. 559-567) repealed (with effect in accordance with s. 77 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 12 para. 9(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/12/paragraph/9/2), [Sch. 42 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/7), Note; [S.I. 2006/3240](https://www.legislation.gov.uk/uksi/2006/3240), [art. 2](https://www.legislation.gov.uk/uksi/2006/3240/article/2)
[^c22783081]: [S. 559A](https://www.legislation.gov.uk/ukpga/1988/1/section/559A) inserted (with effect in accordance with [s. 40(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/40/4) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 40(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/40/1)
[^c21614031]: Source-1970 s.406
[^c23749561]: Words in [s. 568(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/568/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 232(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/232/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22779901]: Words in [s. 568(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/568/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21614041]: Source-1970 s.407; 1971 Sch.6 45
[^c21614051]: Source-1970 s.408
[^c22779911]: Words in [s. 570(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/570/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22776131]: Words in [s. 570(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/570/2) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 31(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/31/a), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c22776471]: Words in [s. 570(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/570/2) inserted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 31(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/31/b)
[^c22776501]: Words in [s. 570(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/570/2) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 31(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/31/c)
[^c22776521]: Words in [s. 570(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/570/2) added (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 31(d)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/31/d)
[^c21614061]: Source-1970 s.409
[^c23749721]: [S. 571(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/571/1A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 116](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/116) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21614071]: Source-1970 s.410
[^c23753491]: [S. 573](https://www.legislation.gov.uk/ukpga/1988/1/section/573) transposed from Pt. 13 Ch. 6 to Pt. 13 Ch. 5A (6.4.2007 with effect in accordance with s. 1034(1) of the affecting Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 117(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/117/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23753871]: Words in [s. 575](https://www.legislation.gov.uk/ukpga/1988/1/section/575) sidenote repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 119(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/119/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23753961]: [S. 575](https://www.legislation.gov.uk/ukpga/1988/1/section/575) transposed from Pt. 13 Ch. 6 to Pt. 13 Ch. 5A (6.4.2007 with effect in accordance with s. 1034(1) of the affecting Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 119(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/119/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754011]: Words in [s. 576](https://www.legislation.gov.uk/ukpga/1988/1/section/576) sidenote substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 120(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/120/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754301]: [S. 576](https://www.legislation.gov.uk/ukpga/1988/1/section/576) transposed from Pt. 13 Ch. 6 to Pt. 13 Ch. 5A (6.4.2007 with effect in accordance with s. 1034(1) of the affecting Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 120(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/120/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754361]: [S. 576A](https://www.legislation.gov.uk/ukpga/1988/1/section/576A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 121](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/121) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754401]: [S. 576C](https://www.legislation.gov.uk/ukpga/1988/1/section/576C) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 123](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/123) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754421]: [S. 576D](https://www.legislation.gov.uk/ukpga/1988/1/section/576D) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 124](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/124) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754441]: [S. 576E](https://www.legislation.gov.uk/ukpga/1988/1/section/576E) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 125](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/125) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754461]: [S. 576F](https://www.legislation.gov.uk/ukpga/1988/1/section/576F) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 126](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/126) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754481]: [S. 576G](https://www.legislation.gov.uk/ukpga/1988/1/section/576G) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 127](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/127) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754501]: [S. 576H](https://www.legislation.gov.uk/ukpga/1988/1/section/576H) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 128](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/128) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754521]: [S. 576I](https://www.legislation.gov.uk/ukpga/1988/1/section/576I) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 129](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/129) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754581]: [S. 576K](https://www.legislation.gov.uk/ukpga/1988/1/section/576K) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 131](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/131) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754381]: [S. 576B](https://www.legislation.gov.uk/ukpga/1988/1/section/576B) and preceding cross-heading inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 122](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/122) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754541]: [S. 576J](https://www.legislation.gov.uk/ukpga/1988/1/section/576J) and preceding cross-heading inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 130](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/130) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754561]: [S. 576L](https://www.legislation.gov.uk/ukpga/1988/1/section/576L) and preceding cross-heading inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 132](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/132) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754331]: [S. 574](https://www.legislation.gov.uk/ukpga/1988/1/section/574) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 118](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/118), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21614481]: [S. 577A](https://www.legislation.gov.uk/ukpga/1988/1/section/577A) inserted (with application in accordance with [s. 123(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/123/2) of the amending Act) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 123(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/123/1/2)
[^c23762911]: [Ss. 580A-580C](https://www.legislation.gov.uk/ukpga/1988/1/section/580A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 240](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/240), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762931]: [Ss. 580A-580C](https://www.legislation.gov.uk/ukpga/1988/1/section/580A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 240](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/240), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762951]: [Ss. 580A-580C](https://www.legislation.gov.uk/ukpga/1988/1/section/580A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 240](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/240), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762971]: [S. 581](https://www.legislation.gov.uk/ukpga/1988/1/section/581) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 241](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/241), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763031]: [S. 581A](https://www.legislation.gov.uk/ukpga/1988/1/section/581A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 133](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/133), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21614611]: [S. 582A](https://www.legislation.gov.uk/ukpga/1988/1/section/582A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 118(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/118/1)
[^c23763051]: [S. 582A](https://www.legislation.gov.uk/ukpga/1988/1/section/582A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 135](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/135), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23762991]: [S. 583](https://www.legislation.gov.uk/ukpga/1988/1/section/583) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 244](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/244), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763011]: [S. 585](https://www.legislation.gov.uk/ukpga/1988/1/section/585) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 246](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/246), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614811]: [S. 587A](https://www.legislation.gov.uk/ukpga/1988/1/section/587A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 54](https://www.legislation.gov.uk/ukpga/1991/31/section/54), [Sch. 12 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/12/paragraph/1) (with application as referred to in Sch. 12 para. 5 of that Act)
[^c23763071]: [S. 587A](https://www.legislation.gov.uk/ukpga/1988/1/section/587A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 136](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/136), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22783241]: [S. 587B](https://www.legislation.gov.uk/ukpga/1988/1/section/587B) sidenote substituted (with effect in accordance with [s. 97(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/4)
[^c23762891]: [S. 589](https://www.legislation.gov.uk/ukpga/1988/1/section/589) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 68](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/68), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21614841]: [Ss. 589A](https://www.legislation.gov.uk/ukpga/1988/1/section/589A), [589B](https://www.legislation.gov.uk/ukpga/1988/1/section/589B) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 108](https://www.legislation.gov.uk/ukpga/1993/34/section/108)
[^c21614851]: [Ss. 589A](https://www.legislation.gov.uk/ukpga/1988/1/section/589A), [589B](https://www.legislation.gov.uk/ukpga/1988/1/section/589B) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 108](https://www.legislation.gov.uk/ukpga/1993/34/section/108)
[^c23762491]: [S. 589B(1)-(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/589B/1) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 70(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/70/2), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22782811]: [S. 589B(4)(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/589B/4/4A) substituted for s. 589B(4) (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 12 Pt. 2 para. 13](https://www.legislation.gov.uk/ukpga/2001/9/schedule/12/part/2/paragraph/13)
[^c22781691]: [Ss. 578A](https://www.legislation.gov.uk/ukpga/1988/1/section/578A), [578B](https://www.legislation.gov.uk/ukpga/1988/1/section/578B) inserted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 52](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/52) (with [Sch. 3 para. 113](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/113))
[^c22776541]: [Ss. 580A](https://www.legislation.gov.uk/ukpga/1988/1/section/580A), [580B](https://www.legislation.gov.uk/ukpga/1988/1/section/580B) inserted (with effect in accordance with [s. 143(2)-(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/143/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 143(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/143/1)
[^c23754861]: [S. 580C](https://www.legislation.gov.uk/ukpga/1988/1/section/580C) inserted (with effect in accordance with [s. 147(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/147/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 147(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/147/3)
[^c23754881]: [S. 581A](https://www.legislation.gov.uk/ukpga/1988/1/section/581A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 242](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/242) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22781081]: [S. 587B](https://www.legislation.gov.uk/ukpga/1988/1/section/587B) inserted (with effect in accordance with [s. 43(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/43/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 43(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/43/1)
[^c23754901]: [S. 587BA](https://www.legislation.gov.uk/ukpga/1988/1/section/587BA) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 138](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/138) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22783361]: [S. 587C](https://www.legislation.gov.uk/ukpga/1988/1/section/587C) inserted (with effect in accordance with [s. 97(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/5)
[^c23754351]: [Pt 13 Ch. 6](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/6): ss. 573, 575 and 576 transposed to Pt. 13 Ch. 5A (6.4.2007 with effect in accordance with s. 1034(1) of the affecting Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 paras. 117(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/117/3), [119(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/119/7), [120(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/120/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23733521]: [Pt. 13 Ch. 5A](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/5A) created (6.4.2007 with effect in accordance with s. 1034(1) of the affecting Act) by virtue of [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 117(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/117/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23485291]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23561951]: [Ss. 590A-590C](https://www.legislation.gov.uk/ukpga/1988/1/section/590A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 75](https://www.legislation.gov.uk/ukpga/1989/26/section/75), [Sch. 6 paras. 4](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/4), [18(4)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/4)
[^c23485311]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23561971]: [Ss. 590A-590C](https://www.legislation.gov.uk/ukpga/1988/1/section/590A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 75](https://www.legislation.gov.uk/ukpga/1989/26/section/75), [Sch. 6 paras. 4](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/4), [18(4)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/4)
[^c23485321]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23561981]: [Ss. 590A-590C](https://www.legislation.gov.uk/ukpga/1988/1/section/590A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 75](https://www.legislation.gov.uk/ukpga/1989/26/section/75), [Sch. 6 paras. 4](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/4), [18(4)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/4)
[^c23485331]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485341]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23561961]: [S. 591A](https://www.legislation.gov.uk/ukpga/1988/1/section/591A) inserted by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s.35](https://www.legislation.gov.uk/ukpga/1991/31/section/35)
[^c23485351]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c21615481]: [S. 591B](https://www.legislation.gov.uk/ukpga/1988/1/section/591B) inserted (retrospectively) by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 36(1)(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/36/1/3)
[^c23485361]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485371]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485381]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22888681]: [Ss. 591C](https://www.legislation.gov.uk/ukpga/1988/1/section/591C), [591D](https://www.legislation.gov.uk/ukpga/1988/1/section/591D) inserted (with effect in accordance with [s. 61(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/61/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 61(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/61/1)
[^c23485391]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485401]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485411]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23481531]: [Ss. 595](https://www.legislation.gov.uk/ukpga/1988/1/section/595), [596](https://www.legislation.gov.uk/ukpga/1988/1/section/596) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 74](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/74), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481551]: [Ss. 595](https://www.legislation.gov.uk/ukpga/1988/1/section/595), [596](https://www.legislation.gov.uk/ukpga/1988/1/section/596) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 74](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/74), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23561991]: [Ss. 596A](https://www.legislation.gov.uk/ukpga/1988/1/section/596A), [596B](https://www.legislation.gov.uk/ukpga/1988/1/section/596B) inserted (with effect in accordance with [Sch. 6 para. 18(7)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/7) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 6 para. 9](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/9)
[^c23481561]: [Ss. 596A-596C](https://www.legislation.gov.uk/ukpga/1988/1/section/596A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 75](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/75), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23562001]: [Ss. 596A](https://www.legislation.gov.uk/ukpga/1988/1/section/596A), [596B](https://www.legislation.gov.uk/ukpga/1988/1/section/596B) inserted (with effect in accordance with [Sch. 6 para. 18(7)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/7) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 6 para. 9](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/9)
[^c23481571]: [Ss. 596A-596C](https://www.legislation.gov.uk/ukpga/1988/1/section/596A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 75](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/75), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481581]: [Ss. 596A-596C](https://www.legislation.gov.uk/ukpga/1988/1/section/596A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 75](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/75), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481591]: [S. 597](https://www.legislation.gov.uk/ukpga/1988/1/section/597) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 76](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/76), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23485421]: [Ss. 598-599A](https://www.legislation.gov.uk/ukpga/1988/1/section/598) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36) (with savings in [S.I. 2006/5072](https://www.legislation.gov.uk/uksi/2006/5072), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/5072/article/1/1), [38](https://www.legislation.gov.uk/uksi/2006/5072/article/38))
[^c23485431]: [Ss. 598-599A](https://www.legislation.gov.uk/ukpga/1988/1/section/598) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36) (with savings in [S.I. 2006/5072](https://www.legislation.gov.uk/uksi/2006/5072), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/5072/article/1/1), [38](https://www.legislation.gov.uk/uksi/2006/5072/article/38))
[^c23562471]: [S. 599A](https://www.legislation.gov.uk/ukpga/1988/1/section/599A) inserted (with effect in accordance with [Sch. 6 para. 18(9)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/9) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 6 para. 12](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/12)
[^c23485441]: [Ss. 598-599A](https://www.legislation.gov.uk/ukpga/1988/1/section/598) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36) (with savings in [S.I. 2006/5072](https://www.legislation.gov.uk/uksi/2006/5072), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/5072/article/1/1), [38](https://www.legislation.gov.uk/uksi/2006/5072/article/38))
[^c23481601]: [S. 600](https://www.legislation.gov.uk/ukpga/1988/1/section/600) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 78](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/78), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23485451]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485461]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485471]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22891971]: [S. 596C](https://www.legislation.gov.uk/ukpga/1988/1/section/596C) inserted (with effect in accordance with [s. 93(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/93/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 93(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/93/3)
[^c23485481]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485491]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485501]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485511]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485521]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485531]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485541]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485551]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485561]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485571]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485591]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c21616331]: [S. 611A](https://www.legislation.gov.uk/ukpga/1988/1/section/611A) inserted (14.3.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 6 paras. 15](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/15), [18(1)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/1)
[^c23485581]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485601]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22887611]: [S. 605A](https://www.legislation.gov.uk/ukpga/1988/1/section/605A) inserted (with application in accordance with [s. 106(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/106/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 106(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/106/1)
[^c22892311]: [S. 606A](https://www.legislation.gov.uk/ukpga/1988/1/section/606A) inserted (with effect in accordance with [Sch. 15 para. 6(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/6/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 15 para. 6(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/6/1)
[^c22887691]: [S. 611AA](https://www.legislation.gov.uk/ukpga/1988/1/section/611AA) inserted (with application in accordance with [s. 103(3)](https://www.legislation.gov.uk/ukpga/1994/4/section/103/3) of the amending Act) by [Finance Act 1994 (c. 4)](https://www.legislation.gov.uk/ukpga/1994/4), [s. 103(1)](https://www.legislation.gov.uk/ukpga/1994/4/section/103/1)
[^c21614871]: [Pt. 14 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/14/chapter/1) (ss. 590-612) modified (31.3.1995) by [Judicial Pensions and Retirement Act 1993 (c. 8)](https://www.legislation.gov.uk/ukpga/1993/8), [ss. 18](https://www.legislation.gov.uk/ukpga/1993/8/section/18), [19(4)](https://www.legislation.gov.uk/ukpga/1993/8/section/19/4), [31(2)](https://www.legislation.gov.uk/ukpga/1993/8/section/31/2); [S.I. 1995/631](https://www.legislation.gov.uk/uksi/1995/631), [art. 2](https://www.legislation.gov.uk/uksi/1995/631/article/2)
[^c21616421]: Source-1970 s.211(1), (4)
[^c23481791]: [S. 613(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/613/3) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 83](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/83), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21616441]: Source-1970 s.211(2) 1981 s.50(1); PPA 1987 Sch.3 2(1)
[^c23486211]: Word in [s. 613(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/613/4) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 26(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/26/a), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486231]: [S. 613(4)(b)-(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/613/4/b) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 26(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/26/a), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22893861]: [S. 613(4)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/613/4/bb) inserted (with effect in accordance with [s. 52(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/52/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 5 para. 4](https://www.legislation.gov.uk/ukpga/1999/16/schedule/5/paragraph/4)
[^c23486181]: Words in [s. 613(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/613/4) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 26(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/26/b) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c22887731]: [S. 614(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/614/1) repealed (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 26 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/22)
[^c21616501]: Source-1970 s.213(1)
[^c21616511]: [1935 c. 2](https://www.legislation.gov.uk/ukpga/1935/2).
[^c21616521]: [1973 c. 21](https://www.legislation.gov.uk/ukpga/1973/21).
[^c22889521]: [S. 614(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/614/2A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 34](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/34) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23483781]: Words in [s. 614(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/614/2A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 261](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/261) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21616531]: Source-1970 s.214(2), 216(2); 1973 s.53(1)
[^c23482251]: Words in [s. 614(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/614/3) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 84](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/84) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21616541]: Source-1970 s.217(2), (4)
[^c21616551]: [1966 c. 21](https://www.legislation.gov.uk/ukpga/1966/21).
[^c21616561]: Source-1970 s.218(1)
[^c21616571]: Source-1970 s.212(3), 213(1), 214(3), 216(2), 217(2), 218(1); 1987 Sch.15 2(13)
[^c23481801]: [S. 615(1)(2)(4)(5)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/615/1/2/4/5/8) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 85](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/85), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21616951]: Source-1970 s.218(3)
[^c23486431]: Words in [s. 615(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/615/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 140](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/140) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21616991]: Source-1970 s.218(4)
[^c22893881]: Words in [s. 615(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/615/6/b) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 11](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/11)
[^c21617001]: Source-1970 s.214(5), 215(3), 216(4), 217(4)
[^c21617011]: [1971 c. 56](https://www.legislation.gov.uk/ukpga/1971/56).
[^c22900881]: [S. 615(9)(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/615/9/10) inserted (17.6.2002) by [International Development Act 2002 (c. 1)](https://www.legislation.gov.uk/ukpga/2002/1), [s. 20(2)](https://www.legislation.gov.uk/ukpga/2002/1/section/20/2), [Sch. 3 para. 9(3)](https://www.legislation.gov.uk/ukpga/2002/1/schedule/3/paragraph/9/3) (with [Sch. 5](https://www.legislation.gov.uk/ukpga/2002/1/schedule/5)); [S.I. 2002/1408](https://www.legislation.gov.uk/uksi/2002/1408), [art. 2](https://www.legislation.gov.uk/uksi/2002/1408/article/2)
[^c23481611]: [S. 616](https://www.legislation.gov.uk/ukpga/1988/1/section/616) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 86](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/86), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481971]: [S. 617A](https://www.legislation.gov.uk/ukpga/1988/1/section/617A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 88](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/88), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481951]: [S. 617A](https://www.legislation.gov.uk/ukpga/1988/1/section/617A) inserted (prosp.) by [Tax Credits Act 2002 (c. 21)](https://www.legislation.gov.uk/ukpga/2002/21), [s. 61](https://www.legislation.gov.uk/ukpga/2002/21/section/61), [Sch. 3 para. 14](https://www.legislation.gov.uk/ukpga/2002/21/schedule/3/paragraph/14) (the insertion being brought into force at 6.4.2003 by [S.I. 2003/962](https://www.legislation.gov.uk/uksi/2003/962), [art. 2(3)(d)(iii)](https://www.legislation.gov.uk/uksi/2003/962/article/2/3/d/iii))
[^c23485611]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485621]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485631]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485641]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485651]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485661]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485671]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485681]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485691]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22901101]: [S. 627](https://www.legislation.gov.uk/ukpga/1988/1/section/627) repealed (with effect as mentioned in s. 228(4) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 228(2)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/228/2/a), [Sch. 26 Pt. 5(25)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/25), Note 1
[^c23485701]: [S. 628](https://www.legislation.gov.uk/ukpga/1988/1/section/628) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22893921]: [S. 629](https://www.legislation.gov.uk/ukpga/1988/1/section/629) applied (with modifications) (with effect in accordance with s. 52(2) of the affecting Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 5 para. 6](https://www.legislation.gov.uk/ukpga/1999/16/schedule/5/paragraph/6)
[^c21618141]: Source-1970 s.229
[^c21618151]: [1987 c. 45](https://www.legislation.gov.uk/ukpga/1987/45).
[^c23485711]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485721]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485731]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22897701]: [S. 631A](https://www.legislation.gov.uk/ukpga/1988/1/section/631A) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 7](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/7) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c23485741]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485751]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485761]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485771]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485781]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485791]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485801]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485811]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485821]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485831]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485841]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485851]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485861]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485871]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22897721]: [Ss. 632A](https://www.legislation.gov.uk/ukpga/1988/1/section/632A), [632B](https://www.legislation.gov.uk/ukpga/1988/1/section/632B) inserted (6.4.2001) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 8](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/8) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22888971]: [S. 634A](https://www.legislation.gov.uk/ukpga/1988/1/section/634A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 4](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/4)
[^c22889111]: [S. 636A](https://www.legislation.gov.uk/ukpga/1988/1/section/636A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 7](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/7)
[^c22889151]: [Ss. 637](https://www.legislation.gov.uk/ukpga/1988/1/section/637), [637A](https://www.legislation.gov.uk/ukpga/1988/1/section/637A) substituted for s. 637 (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 8](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/8)
[^c22898641]: [S. 638ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/638ZA) inserted (6.4.2001) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 14](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/14) (with [Sch 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22892371]: [S. 638A](https://www.legislation.gov.uk/ukpga/1988/1/section/638A) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 94(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/94/1)
[^c23485881]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485891]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c21618751]: [S. 640A](https://www.legislation.gov.uk/ukpga/1988/1/section/640A) inserted (with effect in accordance with [Sch. 7 para. 4(2)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/7/paragraph/4/2) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 7 para. 4(1)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/7/paragraph/4/1)
[^c23485901]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22898961]: [S. 641](https://www.legislation.gov.uk/ukpga/1988/1/section/641) repealed (with effect in accordance with Sch. 13 para. 17 of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40) Pt, 2(4), Note 3 (with Sch. 13 Pt. 2)
[^c23485911]: [S. 641A](https://www.legislation.gov.uk/ukpga/1988/1/section/641A) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22899051]: [S. 642](https://www.legislation.gov.uk/ukpga/1988/1/section/642) repealed (with effect in accordance with Sch. 13 para. 19 of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40) Pt, 2(4), Note 4 (with Sch. 13 Pt. 2)
[^c23485921]: [Ss. 643-646D](https://www.legislation.gov.uk/ukpga/1988/1/section/643) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485931]: [Ss. 643-646D](https://www.legislation.gov.uk/ukpga/1988/1/section/643) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485941]: [Ss. 643-646D](https://www.legislation.gov.uk/ukpga/1988/1/section/643) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485951]: [Ss. 643-646D](https://www.legislation.gov.uk/ukpga/1988/1/section/643) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c21618991]: [S. 646A](https://www.legislation.gov.uk/ukpga/1988/1/section/646A) inserted (with effect in accordance with [Sch. 7 para. 8(2)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/7/paragraph/8/2) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 7 para. 8(1)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/7/paragraph/8/1)
[^c23485961]: [Ss. 643-646D](https://www.legislation.gov.uk/ukpga/1988/1/section/643) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485971]: [Ss. 643-646D](https://www.legislation.gov.uk/ukpga/1988/1/section/643) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485981]: [Ss. 643-646D](https://www.legislation.gov.uk/ukpga/1988/1/section/643) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485991]: [Ss. 643-646D](https://www.legislation.gov.uk/ukpga/1988/1/section/643) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22899001]: [S. 641A](https://www.legislation.gov.uk/ukpga/1988/1/section/641A) inserted (with effect in accordance with [Sch. 13 para. 18(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/18/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 18(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/18/1) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22899321]: [Ss. 646B](https://www.legislation.gov.uk/ukpga/1988/1/section/646B), [646C](https://www.legislation.gov.uk/ukpga/1988/1/section/646C) inserted (with effect in accordance with [Sch. 13 para. 22(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/22/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 22(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/22/1) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22899381]: [S. 646D](https://www.legislation.gov.uk/ukpga/1988/1/section/646D) inserted (with effect in accordance with [Sch. 13 para. 23(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/23/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 23(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/23/1) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c23481621]: [Ss. 647-648A](https://www.legislation.gov.uk/ukpga/1988/1/section/647) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 96](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/96), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481631]: [Ss. 647-648A](https://www.legislation.gov.uk/ukpga/1988/1/section/647) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 96](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/96), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481641]: [Ss. 647-648A](https://www.legislation.gov.uk/ukpga/1988/1/section/647) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 96](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/96), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23486001]: [Ss. 648B-651A](https://www.legislation.gov.uk/ukpga/1988/1/section/648B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22889261]: Cross-heading preceding s. 648A omitted (1.5.1995) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 12](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/12)
[^c22889231]: [S. 648B](https://www.legislation.gov.uk/ukpga/1988/1/section/648B) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 12](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/12)
[^c23486011]: [Ss. 648B-651A](https://www.legislation.gov.uk/ukpga/1988/1/section/648B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486021]: [Ss. 648B-651A](https://www.legislation.gov.uk/ukpga/1988/1/section/648B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486031]: [Ss. 648B-651A](https://www.legislation.gov.uk/ukpga/1988/1/section/648B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486041]: [Ss. 648B-651A](https://www.legislation.gov.uk/ukpga/1988/1/section/648B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486051]: [Ss. 648B-651A](https://www.legislation.gov.uk/ukpga/1988/1/section/648B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22900041]: [S. 652](https://www.legislation.gov.uk/ukpga/1988/1/section/652) repealed (1.10.2000) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 96(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/96/4), [Sch. 27 Pt. 3(21)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/21), Note; [S.I. 2000/2319](https://www.legislation.gov.uk/uksi/2000/2319), [art. 2](https://www.legislation.gov.uk/uksi/2000/2319/article/2)
[^c23486061]: [Ss. 653-655](https://www.legislation.gov.uk/ukpga/1988/1/section/653) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486071]: [Ss. 653-655](https://www.legislation.gov.uk/ukpga/1988/1/section/653) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486081]: [Ss. 653-655](https://www.legislation.gov.uk/ukpga/1988/1/section/653) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486091]: [Ss. 653-655](https://www.legislation.gov.uk/ukpga/1988/1/section/653) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22892441]: [S. 650A](https://www.legislation.gov.uk/ukpga/1988/1/section/650A) inserted (with effect in accordance with [s. 95(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/95/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 95(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/95/1)
[^c22892461]: [S. 651A](https://www.legislation.gov.uk/ukpga/1988/1/section/651A) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 96(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/96/1)
[^c22892481]: [S. 653A](https://www.legislation.gov.uk/ukpga/1988/1/section/653A) inserted (with effect in accordance with [s. 97(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/97/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 97(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/97/1)
[^c22888871]: [Pt. 14 Ch. 5](https://www.legislation.gov.uk/ukpga/1988/1/part/14/chapter/5) excluded (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 60(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/60/5)
[^c22887791]: [S. 648A](https://www.legislation.gov.uk/ukpga/1988/1/section/648A) and preceding cross-heading inserted (with application in accordance with [s. 109(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/109/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 109(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/109/1)
[^c23568701]: [S. 658A](https://www.legislation.gov.uk/ukpga/1988/1/section/658A) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c21619451]: [S. 659](https://www.legislation.gov.uk/ukpga/1988/1/section/659) repealed (with effect in accordance with s. 81(7)(8) of the repealing Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 81(4)](https://www.legislation.gov.uk/ukpga/1990/29/section/81/4), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 9
[^c21619461]: [S. 659A](https://www.legislation.gov.uk/ukpga/1988/1/section/659A) inserted (with effect in accordance with [s. 81(5)](https://www.legislation.gov.uk/ukpga/1990/29/section/81/5) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 81(2)](https://www.legislation.gov.uk/ukpga/1990/29/section/81/2)
[^c23486321]: Words in [s. 659A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/659A/1) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486111]: [Ss. 659B-659D](https://www.legislation.gov.uk/ukpga/1988/1/section/659B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486131]: [Ss. 659B-659D](https://www.legislation.gov.uk/ukpga/1988/1/section/659B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486121]: [Ss. 659B-659D](https://www.legislation.gov.uk/ukpga/1988/1/section/659B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486491]: Words in [s. 659E(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/659E/1) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 143](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/143) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23568791]: [S. 659E(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/659E/2): entries repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22901211]: [S. 658A](https://www.legislation.gov.uk/ukpga/1988/1/section/658A) inserted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 98(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/98/1)
[^c22888751]: [Ss. 659B](https://www.legislation.gov.uk/ukpga/1988/1/section/659B), [659C](https://www.legislation.gov.uk/ukpga/1988/1/section/659C) inserted (with effect in accordance with [s. 60](https://www.legislation.gov.uk/ukpga/1995/4/section/60) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 59(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/59/5)
[^c22901291]: [S. 659D](https://www.legislation.gov.uk/ukpga/1988/1/section/659D) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 17](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/17)
[^c22901331]: [S. 659E](https://www.legislation.gov.uk/ukpga/1988/1/section/659E) inserted (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/2), [Sch. 25 para. 2](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/2)
[^c23763571]: [Ss. 660A](https://www.legislation.gov.uk/ukpga/1988/1/section/660A), [660B](https://www.legislation.gov.uk/ukpga/1988/1/section/660B) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 271](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/271), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763591]: [Ss. 660A](https://www.legislation.gov.uk/ukpga/1988/1/section/660A), [660B](https://www.legislation.gov.uk/ukpga/1988/1/section/660B) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 271](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/271), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763491]: [S. 660C(1)-(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/660C/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 272(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/272/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23312361]: [S. 660C(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/660C/1A) inserted (with effect in accordance with [Sch. 4 para. 14(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/14/4) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 14(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/14/3)
[^c23763551]: [S. 660C(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/660C/3) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 144](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/144), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23763471]: [S. 660C(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/660C/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 272(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/272/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763691]: [S. 660C(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/660C/4) repealed (with effect in accordance with Sch. 5 para. 2(2)(3) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 2(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/2/1), [Sch. 27 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/3), Note
[^c23763611]: [Ss. 660D-660G](https://www.legislation.gov.uk/ukpga/1988/1/section/660D) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 273](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/273), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763631]: [Ss. 660D-660G](https://www.legislation.gov.uk/ukpga/1988/1/section/660D) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 273](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/273), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763651]: [Ss. 660D-660G](https://www.legislation.gov.uk/ukpga/1988/1/section/660D) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 273](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/273), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763671]: [Ss. 660D-660G](https://www.legislation.gov.uk/ukpga/1988/1/section/660D) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 273](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/273), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23288571]: [Pt. 15 Ch. 1A](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1A) excluded (with effect in accordance with s. 44(6) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 44(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/44/1)
[^c23288581]: [Pt. 15 Ch. 1A](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1A) modified (with effect in accordance with s. 45(3) of the modifying Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 45(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/45/1)
[^c23765121]: [S. 677](https://www.legislation.gov.uk/ukpga/1988/1/section/677) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 274](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/274), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23765141]: [S. 678](https://www.legislation.gov.uk/ukpga/1988/1/section/678) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 275](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/275), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23313211]: [Ss. 679-681](https://www.legislation.gov.uk/ukpga/1988/1/section/679) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c23313231]: [Ss. 679-681](https://www.legislation.gov.uk/ukpga/1988/1/section/679) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c23313241]: [Ss. 679-681](https://www.legislation.gov.uk/ukpga/1988/1/section/679) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c23765161]: [Ss. 682](https://www.legislation.gov.uk/ukpga/1988/1/section/682), [682A](https://www.legislation.gov.uk/ukpga/1988/1/section/682A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 276](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/276), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23765181]: [Ss. 682](https://www.legislation.gov.uk/ukpga/1988/1/section/682), [682A](https://www.legislation.gov.uk/ukpga/1988/1/section/682A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 276](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/276), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22900941]: [Pt. 15 Ch. 1B](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1B) heading inserted (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/8)
[^c23313251]: [S. 682A](https://www.legislation.gov.uk/ukpga/1988/1/section/682A) inserted (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 11](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/11)
[^c22900961]: [Ss. 683-685](https://www.legislation.gov.uk/ukpga/1988/1/section/683) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c22900971]: [Ss. 683-685](https://www.legislation.gov.uk/ukpga/1988/1/section/683) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c22900981]: [Ss. 683-685](https://www.legislation.gov.uk/ukpga/1988/1/section/683) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c22900991]: [Ss. 683-685](https://www.legislation.gov.uk/ukpga/1988/1/section/683) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c23766891]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23766911]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23766931]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23766951]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23766971]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23766991]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767011]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23313571]: [S. 686](https://www.legislation.gov.uk/ukpga/1988/1/section/686) sidenote substituted (with effect in accordance with [s. 32(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 32(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/8)
[^c23767031]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767051]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2)) (subject to an amendment to s. 686A(2)(a) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 55(1)(3)](https://www.legislation.gov.uk/ukpga/2007/11/section/55/1/3))
[^c23767071]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767091]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767111]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767131]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767151]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23766871]: Words in [s. 687A](https://www.legislation.gov.uk/ukpga/1988/1/section/687A) sidenote substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 146(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/146/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767191]: [S. 688](https://www.legislation.gov.uk/ukpga/1988/1/section/688) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 279](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/279), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23313831]: [S. 689](https://www.legislation.gov.uk/ukpga/1988/1/section/689) repealed (with effect in accordance with s. 74(2), Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 15](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/15), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c22901001]: Cross-heading before s. 686 replaced by Pt. 15 Ch. 1C heading (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 12](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/12)
[^c23765271]: [Ss. 685A-685G](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) inserted (coming into force and with effect in accordance with [Sch. 13 para. 1(2)-(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/1/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/1/1)
[^c23313651]: [S. 686A](https://www.legislation.gov.uk/ukpga/1988/1/section/686A) inserted (with effect in accordance with [s. 32(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 32(9)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/9)
[^c23765231]: [Ss. 686B](https://www.legislation.gov.uk/ukpga/1988/1/section/686B), [686C](https://www.legislation.gov.uk/ukpga/1988/1/section/686C) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 100](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/100) (with [Sch. 2 para. 87](https://www.legislation.gov.uk/ukpga/2003/1/schedule/2/paragraph/87), [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23765251]: [S. 686D](https://www.legislation.gov.uk/ukpga/1988/1/section/686D) inserted (with effect in accordance with [s. 14(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/14/5) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 14(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/14/1)
[^c23765291]: [S. 686E](https://www.legislation.gov.uk/ukpga/1988/1/section/686E) inserted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 para. 4(2)(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/4/2/3)
[^c23313631]: [S. 687A](https://www.legislation.gov.uk/ukpga/1988/1/section/687A) inserted (with effect in accordance with [s. 27(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/27/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 27(1)](https://www.legislation.gov.uk/ukpga/1997/58/section/27/1)
[^c22900951]: [Pt. 15 Ch. 1C](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1C) heading substituted for heading before s. 686 (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 12](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/12)
[^c23765221]: [Pt. 15 Ch. 1C](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1C) modified (6.4.2005 with effect in accordance with s. 883(1) of the modifying Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 457(1)(3)](https://www.legislation.gov.uk/ukpga/2005/5/section/457/1/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23767811]: [S. 689A](https://www.legislation.gov.uk/ukpga/1988/1/section/689A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 147](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/147), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767951]: [Ss. 690-694](https://www.legislation.gov.uk/ukpga/1988/1/section/690) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 149](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/149), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767971]: [Ss. 690-694](https://www.legislation.gov.uk/ukpga/1988/1/section/690) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 149](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/149), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767981]: [Ss. 690-694](https://www.legislation.gov.uk/ukpga/1988/1/section/690) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 149](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/149), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767991]: [Ss. 690-694](https://www.legislation.gov.uk/ukpga/1988/1/section/690) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 149](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/149), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767891]: [S. 694](https://www.legislation.gov.uk/ukpga/1988/1/section/694) sidenote substituted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/2004/12/schedule/4/paragraph/2)
[^c23768001]: [Ss. 690-694](https://www.legislation.gov.uk/ukpga/1988/1/section/690) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 149](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/149), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23288561]: [Pt. 15](https://www.legislation.gov.uk/ukpga/1988/1/part/15) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 6(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/6/1) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22900921]: [Pt. 15 Ch. 1A](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1A) inserted (in place of ss. 660-676, 683-685) (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/1)
[^c23313851]: [Pt. 15 Ch. 1D](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1D) (ss. 689A, 689B) inserted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/16)
[^c23769431]: Word in [s. 698A](https://www.legislation.gov.uk/ukpga/1988/1/section/698A) sidenote substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 288(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/288/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21621991]: [S. 698A](https://www.legislation.gov.uk/ukpga/1988/1/section/698A) inserted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 11(2)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/11/2), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c23770881]: [S. 698A](https://www.legislation.gov.uk/ukpga/1988/1/section/698A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 150](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/150), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23770801]: [S. 699](https://www.legislation.gov.uk/ukpga/1988/1/section/699) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 289](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/289), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22901551]: [S. 699A](https://www.legislation.gov.uk/ukpga/1988/1/section/699A) inserted (with effect in accordance with [s. 76(6)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/6) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 76(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/4)
[^c23771371]: Words in [s. 703](https://www.legislation.gov.uk/ukpga/1988/1/section/703) sidenote substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(10)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/10) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772691]: Words in [s. 709](https://www.legislation.gov.uk/ukpga/1988/1/section/709) sidenote substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 161(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/161/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772771]: Words in [Pt. 17 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/17/chapter/1) heading substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 153](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/153) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23314131]: [Ss. 705A](https://www.legislation.gov.uk/ukpga/1988/1/section/705A), [705B](https://www.legislation.gov.uk/ukpga/1988/1/section/705B) inserted (1.1.1994) by [The General and Special Commissioners (Amendment of Enactments) Regulations 1994 (S.I. 1994/1813)](https://www.legislation.gov.uk/uksi/1994/1813), [reg. 1(1)](https://www.legislation.gov.uk/uksi/1994/1813/regulation/1/1), [Sch. 1 para. 24](https://www.legislation.gov.uk/uksi/1994/1813/schedule/1/paragraph/24)
[^c23781621]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781641]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781651]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781661]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781671]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781681]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781691]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781701]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781711]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781721]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781731]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781741]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781751]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781761]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781771]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22992681]: [S. 724](https://www.legislation.gov.uk/ukpga/1988/1/section/724) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note
[^c21624971]: [S. 725](https://www.legislation.gov.uk/ukpga/1988/1/section/725) repealed (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(12)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/12) Note 5
[^c21625001]: [S. 726](https://www.legislation.gov.uk/ukpga/1988/1/section/726) repealed (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 6
[^c21625011]: [S. 726A](https://www.legislation.gov.uk/ukpga/1988/1/section/726A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 54](https://www.legislation.gov.uk/ukpga/1991/31/section/54), [Sch. 12 paras. 2](https://www.legislation.gov.uk/ukpga/1991/31/schedule/12/paragraph/2), [5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/12/paragraph/5)
[^c23781781]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781801]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781791]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23006161]: [S. 722A](https://www.legislation.gov.uk/ukpga/1988/1/section/722A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 40 para. 6](https://www.legislation.gov.uk/ukpga/1996/8/schedule/40/paragraph/6)
[^c22903261]: [S. 727A](https://www.legislation.gov.uk/ukpga/1988/1/section/727A) inserted (with effect in accordance with [s. 79(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/79/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 79(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/79/1) (with [s. 79(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/79/4))
[^c22992701]: [S. 729](https://www.legislation.gov.uk/ukpga/1988/1/section/729) repealed (with effect in accordance with s. 159(1)(10) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/1), [Sch. 41 Pt. 5(21)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/21), Note; [S.I. 1996/2646](https://www.legislation.gov.uk/uksi/1996/2646), [art. 2](https://www.legislation.gov.uk/uksi/1996/2646/article/2)
[^c23774521]: [S. 730](https://www.legislation.gov.uk/ukpga/1988/1/section/730) heading substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by virtue of [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(12)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/12)
[^c23782231]: [Ss. 730A](https://www.legislation.gov.uk/ukpga/1988/1/section/730A), [730B](https://www.legislation.gov.uk/ukpga/1988/1/section/730B) repealed (with effect in accordance with [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 4](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/4), [Sch. 27 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/14), Note
[^c23782241]: [Ss. 730A](https://www.legislation.gov.uk/ukpga/1988/1/section/730A), [730B](https://www.legislation.gov.uk/ukpga/1988/1/section/730B) repealed (with effect in accordance with [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 4](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/4), [Sch. 27 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/14), Note
[^c23782251]: [S. 730BB](https://www.legislation.gov.uk/ukpga/1988/1/section/730BB) repealed (with effect in accordance with [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/5), [Sch. 27 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/14), Note
[^c23782261]: [S. 730C](https://www.legislation.gov.uk/ukpga/1988/1/section/730C) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 301](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/301), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22903331]: [Ss. 730A](https://www.legislation.gov.uk/ukpga/1988/1/section/730A), [730B](https://www.legislation.gov.uk/ukpga/1988/1/section/730B) inserted (with effect in accordance with [s. 80(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/80/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 80(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/80/1)
[^c23774831]: [S. 730BB](https://www.legislation.gov.uk/ukpga/1988/1/section/730BB) inserted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 12](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/12)
[^c23006261]: [S. 730C](https://www.legislation.gov.uk/ukpga/1988/1/section/730C) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 40 para. 7](https://www.legislation.gov.uk/ukpga/1996/8/schedule/40/paragraph/7)
[^c21625441]: [S. 736A](https://www.legislation.gov.uk/ukpga/1988/1/section/736A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg. 2(a)](https://www.legislation.gov.uk/uksi/1992/173/regulation/2/a); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(a)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/a), [4(1)](https://www.legislation.gov.uk/uksi/1993/933/regulation/4/1))
[^c23131691]: [S. 737](https://www.legislation.gov.uk/ukpga/1988/1/section/737) repealed (with effect in accordance with Sch. 10 para. 16(1), Sch. 18 Pt. 6(10) Notes 3, 6 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 8](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/8), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10) (with [Sch. 10 para. 16(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16/3)); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23782321]: [Ss. 737A-737C](https://www.legislation.gov.uk/ukpga/1988/1/section/737A) repealed (with effect in accordance with [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/7), [Sch. 27 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/14), Note
[^c23782331]: [Ss. 737A-737C](https://www.legislation.gov.uk/ukpga/1988/1/section/737A) repealed (with effect in accordance with [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/7), [Sch. 27 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/14), Note
[^c23782341]: [Ss. 737A-737C](https://www.legislation.gov.uk/ukpga/1988/1/section/737A) repealed (with effect in accordance with [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/7), [Sch. 27 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/14), Note
[^c23130271]: [S. 736B](https://www.legislation.gov.uk/ukpga/1988/1/section/736B) inserted (with effect in accordance with [Sch. 10 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/7/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 3](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/3); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23776191]: [S. 736C](https://www.legislation.gov.uk/ukpga/1988/1/section/736C) inserted (with effect in accordance with [Sch. 6 para. 3(2)-(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/3/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/3/1)
[^c23776211]: [S. 736D](https://www.legislation.gov.uk/ukpga/1988/1/section/736D) inserted (with effect in accordance with [Sch. 6 para. 4(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/4/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 4(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/4/3)
[^c22902581]: [Ss. 737A-737C](https://www.legislation.gov.uk/ukpga/1988/1/section/737A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 122](https://www.legislation.gov.uk/ukpga/1994/9/section/122)
[^c23781481]: [S. 737E](https://www.legislation.gov.uk/ukpga/1988/1/section/737E) sidenote substituted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by virtue of [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 13(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/13/4)
[^c23781601]: Words in [s. 737E](https://www.legislation.gov.uk/ukpga/1988/1/section/737E) sidenote repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 176(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/176/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23782361]: [S. 737E](https://www.legislation.gov.uk/ukpga/1988/1/section/737E) repealed (with effect in accordance with [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 8](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/8), [Sch. 27 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/14), Note
[^c22903631]: [Ss. 737D](https://www.legislation.gov.uk/ukpga/1988/1/section/737D), [737E](https://www.legislation.gov.uk/ukpga/1988/1/section/737E) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 83(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/83/1)
[^c23782901]: [Ss. 739-746](https://www.legislation.gov.uk/ukpga/1988/1/section/739) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 177](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/177), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23782921]: [Ss. 739-746](https://www.legislation.gov.uk/ukpga/1988/1/section/739) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 177](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/177), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23782541]: [S. 741](https://www.legislation.gov.uk/ukpga/1988/1/section/741) sidenote substituted (5.12.2005) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 2(4)(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/2/4/5)
[^c23782931]: [Ss. 739-746](https://www.legislation.gov.uk/ukpga/1988/1/section/739) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 177](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/177), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23782941]: [Ss. 739-746](https://www.legislation.gov.uk/ukpga/1988/1/section/739) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 177](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/177), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23782951]: [Ss. 739-746](https://www.legislation.gov.uk/ukpga/1988/1/section/739) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 177](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/177), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23782961]: [Ss. 739-746](https://www.legislation.gov.uk/ukpga/1988/1/section/739) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 177](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/177), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23782971]: [Ss. 739-746](https://www.legislation.gov.uk/ukpga/1988/1/section/739) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 177](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/177), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23782681]: [S. 742](https://www.legislation.gov.uk/ukpga/1988/1/section/742) sidenote substituted (5.12.2005) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 6(5)(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/6/5/6)
[^c23782981]: [Ss. 739-746](https://www.legislation.gov.uk/ukpga/1988/1/section/739) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 177](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/177), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23782991]: [Ss. 739-746](https://www.legislation.gov.uk/ukpga/1988/1/section/739) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 177](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/177), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23783001]: [Ss. 739-746](https://www.legislation.gov.uk/ukpga/1988/1/section/739) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 177](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/177), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23783011]: [Ss. 739-746](https://www.legislation.gov.uk/ukpga/1988/1/section/739) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 177](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/177), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23783021]: [Ss. 739-746](https://www.legislation.gov.uk/ukpga/1988/1/section/739) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 177](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/177), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23782561]: [S. 741A](https://www.legislation.gov.uk/ukpga/1988/1/section/741A) inserted (5.12.2005) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 3](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/3)
[^c23782581]: [Ss. 741B](https://www.legislation.gov.uk/ukpga/1988/1/section/741B), [741C](https://www.legislation.gov.uk/ukpga/1988/1/section/741C) inserted (5.12.2005) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 4](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/4)
[^c23782601]: [S. 741D](https://www.legislation.gov.uk/ukpga/1988/1/section/741D) inserted (5.12.2005) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 5](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/5)
[^c23787951]: [S. 747A](https://www.legislation.gov.uk/ukpga/1988/1/section/747A) repealed (with effect in accordance with Sch. 4 para. 24(2) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 24(1)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/24/1), [Sch. 11 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/6), Note
[^c23228321]: [S. 748](https://www.legislation.gov.uk/ukpga/1988/1/section/748) sidenote substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(9)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/9); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229041]: [Ss. 749-749B](https://www.legislation.gov.uk/ukpga/1988/1/section/749) substituted for s. 749 (with effect in accordance with [Sch.17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 4](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228571]: [Ss. 752-752C](https://www.legislation.gov.uk/ukpga/1988/1/section/752) substituted for s. 752 (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 7](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228611]: [S. 753](https://www.legislation.gov.uk/ukpga/1988/1/section/753) repealed (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/8), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229001]: [S. 755](https://www.legislation.gov.uk/ukpga/1988/1/section/755) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 12](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/12), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22903691]: [S. 747A](https://www.legislation.gov.uk/ukpga/1988/1/section/747A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 2](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/2)
[^c23783101]: [S. 748ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/748ZA) inserted (with effect in accordance with [Sch. 12 para. 14(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/14/2) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 12 para. 5](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/5)
[^c23312911]: [S. 748A](https://www.legislation.gov.uk/ukpga/1988/1/section/748A) inserted (with effect in accordance with [s. 89(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/89/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 89(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/89/2)
[^c23229061]: [Ss. 749-749B](https://www.legislation.gov.uk/ukpga/1988/1/section/749) substituted for s. 749 (with effect in accordance with [Sch.17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 4](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23310811]: [S. 750A](https://www.legislation.gov.uk/ukpga/1988/1/section/750A) inserted (with effect in accordance with [Sch. 31 para. 9(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 3](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/3)
[^c23783061]: [S. 751AA](https://www.legislation.gov.uk/ukpga/1988/1/section/751AA) inserted (with effect in accordance with [Sch. 16 para. 25](https://www.legislation.gov.uk/ukpga/2009/10/schedule/16/paragraph/25) of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 16 para. 23](https://www.legislation.gov.uk/ukpga/2009/10/schedule/16/paragraph/23)
[^c23783081]: [S. 751AB](https://www.legislation.gov.uk/ukpga/1988/1/section/751AB) inserted (with effect in accordance with [Sch. 12 para. 14(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/14/2) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 12 para. 2](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/2)
[^c23783121]: [S. 751AC](https://www.legislation.gov.uk/ukpga/1988/1/section/751AC) inserted (with effect in accordance with [Sch. 12 para. 14(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/14/2) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 12 para. 7](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/7)
[^c23228591]: [Ss. 752-752C](https://www.legislation.gov.uk/ukpga/1988/1/section/752) substituted for s. 752 (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 7](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229081]: [S. 754A](https://www.legislation.gov.uk/ukpga/1988/1/section/754A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 10](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/10); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229101]: [S. 754B](https://www.legislation.gov.uk/ukpga/1988/1/section/754B) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 11](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/11); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229121]: [S. 755A](https://www.legislation.gov.uk/ukpga/1988/1/section/755A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 13](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/13); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229141]: [S. 755B](https://www.legislation.gov.uk/ukpga/1988/1/section/755B) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 14](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/14); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229161]: [S. 755C](https://www.legislation.gov.uk/ukpga/1988/1/section/755C) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 15](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/15); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23311081]: [S. 755D](https://www.legislation.gov.uk/ukpga/1988/1/section/755D) inserted (with effect in accordance with [Sch. 31 para. 9(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 4(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/4/1)
[^c23790471]: [S. 764](https://www.legislation.gov.uk/ukpga/1988/1/section/764) repealed (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 23](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/23), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15), Note
[^c23788241]: [Ss. 762ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/762ZA), [762ZB](https://www.legislation.gov.uk/ukpga/1988/1/section/762ZB) inserted (with effect in accordance with [Sch. 7 para. 98](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/98) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 94](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/94)
[^c23788221]: [S. 762A](https://www.legislation.gov.uk/ukpga/1988/1/section/762A) inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 15(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/15/1) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23788201]: [Ss. 756A-756C](https://www.legislation.gov.uk/ukpga/1988/1/section/756A) and preceding cross-headings inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/3) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c21627061]: [S. 765A](https://www.legislation.gov.uk/ukpga/1988/1/section/765A) inserted (with effect in accordance with [s. 68(4)](https://www.legislation.gov.uk/ukpga/1990/29/section/68/4) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 68(2)](https://www.legislation.gov.uk/ukpga/1990/29/section/68/2)
[^c21627211]: [S. 768A](https://www.legislation.gov.uk/ukpga/1988/1/section/768A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [Sch. 15 para. 20(1)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/20/1)
[^c23790991]: [S. 768B](https://www.legislation.gov.uk/ukpga/1988/1/section/768B) sidenote substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by virtue of [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/7)
[^c23229571]: [S. 767AA](https://www.legislation.gov.uk/ukpga/1988/1/section/767AA) inserted (with effect in accordance with [s. 114(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/114/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 114(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/114/1)
[^c23229591]: [S. 767C](https://www.legislation.gov.uk/ukpga/1988/1/section/767C) inserted (with effect in accordance with [s. 115(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/115/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 115(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/115/1)
[^c22903801]: [Ss. 768B](https://www.legislation.gov.uk/ukpga/1988/1/section/768B), [768C](https://www.legislation.gov.uk/ukpga/1988/1/section/768C) inserted (with application in accordance with [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 26 para. 2](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/2)
[^c23229611]: [S. 768D](https://www.legislation.gov.uk/ukpga/1988/1/section/768D) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 31](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/31) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23313061]: [S. 768E](https://www.legislation.gov.uk/ukpga/1988/1/section/768E) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 4(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/4/3)
[^c23229641]: [S. 770A](https://www.legislation.gov.uk/ukpga/1988/1/section/770A) substituted for ss. 770-773 (with effect in accordance with [s. 108(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/108/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 108(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/108/1); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23798811]: [S. 775](https://www.legislation.gov.uk/ukpga/1988/1/section/775) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 182](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/182), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796661]: Words in [s. 777](https://www.legislation.gov.uk/ukpga/1988/1/section/777) sidenote substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(13)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/13) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23790671]: [S. 775A](https://www.legislation.gov.uk/ukpga/1988/1/section/775A) inserted (with effect in accordance with [Sch. 7 para. 4(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/4/2) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 4(1)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/4/1)
[^c23790691]: [Ss. 785ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/785ZA), [785ZB](https://www.legislation.gov.uk/ukpga/1988/1/section/785ZB) inserted (with effect in accordance with [s. 83(4)-(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/83/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 83(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/83/2)
[^c23790651]: [S. 785A](https://www.legislation.gov.uk/ukpga/1988/1/section/785A) inserted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/135/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 135(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/135/1)
[^c23790751]: [Ss. 785B-785E](https://www.legislation.gov.uk/ukpga/1988/1/section/785B) inserted (with effect in accordance with [Sch. 20 para. 1(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/1/2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 20 para. 1(1)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/1/1) (with transitional modifications in [Sch. 20 para. 1(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/1/3))
[^c23790711]: [Ss. 774A-774G](https://www.legislation.gov.uk/ukpga/1988/1/section/774A) and preceding cross-heading inserted (with effect in accordance with [Sch. 6 para. 6(2)-(7)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/6/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 6(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/6/1)
[^c22810311]: Word in [s. 788](https://www.legislation.gov.uk/ukpga/1988/1/section/788) sidenote substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/b)
[^c21627711]: [Pt. 18 Chs. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/18/chapter/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/part/18/chapter/2) modified (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 277(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/277/1), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22894971]: Word in [s. 797A](https://www.legislation.gov.uk/ukpga/1988/1/section/797A) sidenote substituted (with effect in accordance with [Sch. 30 para. 7(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/7/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 7(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/7/3)
[^c22895131]: Words in [s. 797A](https://www.legislation.gov.uk/ukpga/1988/1/section/797A) sidenote added (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 5(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/5/3)
[^c22894431]: [S. 793A](https://www.legislation.gov.uk/ukpga/1988/1/section/793A) inserted (with effect in accordance with [Sch. 30 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/5/2/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 5(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/5/1)
[^c22894451]: [S. 795A](https://www.legislation.gov.uk/ukpga/1988/1/section/795A) inserted (with effect in accordance with [Sch. 30 para. 6(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/6/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/6/1)
[^c22894321]: [S. 797A](https://www.legislation.gov.uk/ukpga/1988/1/section/797A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 43](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/43) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22894681]: [S. 797B](https://www.legislation.gov.uk/ukpga/1988/1/section/797B) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 5(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/5/4)
[^c22894341]: [S. 798A](https://www.legislation.gov.uk/ukpga/1988/1/section/798A) inserted (with effect in accordance with [s. 103(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/103/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 104](https://www.legislation.gov.uk/ukpga/1998/36/section/104)
[^c22894361]: [S. 798B](https://www.legislation.gov.uk/ukpga/1988/1/section/798B) inserted (with effect in accordance with [s. 103(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/103/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 105](https://www.legislation.gov.uk/ukpga/1998/36/section/105)
[^c23803101]: [Ss. 798-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/798) substituted for ss. 798-798B (with effect in accordance with [s. 86(3)-(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/3) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 86(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/1)
[^c22895851]: [S. 800](https://www.legislation.gov.uk/ukpga/1988/1/section/800) repealed (with effect in accordance with Sch. 30 para. 10(2) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 10(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/10/1), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c22896251]: [S. 802](https://www.legislation.gov.uk/ukpga/1988/1/section/802) repealed (with effect in accordance with Sch. 30 para. 14(2) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 14(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/14/1), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c22895991]: [S. 801A](https://www.legislation.gov.uk/ukpga/1988/1/section/801A) inserted (with effect in accordance with [s. 90(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/90/2) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 90(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/90/1)
[^c22896011]: [S. 801B](https://www.legislation.gov.uk/ukpga/1988/1/section/801B) inserted (with effect in accordance with [Sch. 30 para. 12(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/12/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 12(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/12/1)
[^c22896031]: [S. 801C](https://www.legislation.gov.uk/ukpga/1988/1/section/801C) inserted (with effect in accordance with [Sch. 30 para. 13(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/13/2/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 13(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/13/1)
[^c22896051]: [S. 803A](https://www.legislation.gov.uk/ukpga/1988/1/section/803A) inserted (with effect in accordance with [Sch. 30 para. 15(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/15/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 15(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/15/1)
[^c22897451]: [S. 804A](https://www.legislation.gov.uk/ukpga/1988/1/section/804A) sidenote substituted (with effect in accordance with [Sch. 30 para. 16(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/6) of the amending Act) by virtue of [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 16(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/5)
[^c21628031]: [S. 804A](https://www.legislation.gov.uk/ukpga/1988/1/section/804A) inserted (with effect in accordance with [Sch. 7 para. 10](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/10) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 7 para. 5](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/5)
[^c23805351]: [S. 804F](https://www.legislation.gov.uk/ukpga/1988/1/section/804F) repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 14(2)(e)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/14/2/e), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23804151]: [Ss. 804ZA-804ZC](https://www.legislation.gov.uk/ukpga/1988/1/section/804ZA) inserted (with effect in accordance with [s. 87(3)-(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/87/3) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 87(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/87/1)
[^c22897151]: [S. 804B](https://www.legislation.gov.uk/ukpga/1988/1/section/804B) inserted (with effect in accordance with [Sch. 30 para. 17(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/17/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 17(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/17/1)
[^c22897171]: [Ss. 804C-804E](https://www.legislation.gov.uk/ukpga/1988/1/section/804C) inserted (with effect in accordance with [Sch. 30 para. 18(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/18/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 18(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/18/1)
[^c22897191]: [S. 804F](https://www.legislation.gov.uk/ukpga/1988/1/section/804F) inserted (with effect in accordance with [Sch. 30 para. 19(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/19/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 19(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/19/1)
[^c23804171]: [S. 804G](https://www.legislation.gov.uk/ukpga/1988/1/section/804G) inserted (with effect in accordance with [s. 59(13)](https://www.legislation.gov.uk/ukpga/2009/10/section/59/13) of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [s. 59(2)](https://www.legislation.gov.uk/ukpga/2009/10/section/59/2)
[^c21627851]: [Pt. 18 Chs. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/18/chapter/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/part/18/chapter/2) modified (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 277(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/277/1), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22897951]: [Ss. 806A-806H](https://www.legislation.gov.uk/ukpga/1988/1/section/806A), [806J](https://www.legislation.gov.uk/ukpga/1988/1/section/806J) and cross-heading inserted (with effect in accordance with [Sch. 30 para. 21(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/21/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 21(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/21/1)
[^c22897971]: [S. 806K](https://www.legislation.gov.uk/ukpga/1988/1/section/806K) and cross-heading inserted (with effect in accordance with [Sch. 30 para. 22(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/22/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 22(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/22/1)
[^c22897991]: [Ss. 806L](https://www.legislation.gov.uk/ukpga/1988/1/section/806L), [806M](https://www.legislation.gov.uk/ukpga/1988/1/section/806M) and cross-heading inserted (with effect in accordance with [Sch. 30 para. 23(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/23/2/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 23(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/23/1)
[^c21628131]: [S. 808A](https://www.legislation.gov.uk/ukpga/1988/1/section/808A) inserted (16.7.1992 with application in relation to interest paid after 14.5.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s.52](https://www.legislation.gov.uk/ukpga/1992/48/section/52)
[^c22899601]: [S. 810](https://www.legislation.gov.uk/ukpga/1988/1/section/810) repealed (with effect in accordance with Sch. 30 para. 26(2) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 26(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/26/1), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c21628341]: [S. 815A](https://www.legislation.gov.uk/ukpga/1988/1/section/815A) inserted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 50](https://www.legislation.gov.uk/ukpga/1992/48/section/50)
[^c21628361]: [S. 815B](https://www.legislation.gov.uk/ukpga/1988/1/section/815B) inserted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 51(1)](https://www.legislation.gov.uk/ukpga/1992/48/section/51/1)
[^c22900261]: Word in [s. 815C](https://www.legislation.gov.uk/ukpga/1988/1/section/815C) sidenote substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/b)
[^c23811001]: [S. 815C](https://www.legislation.gov.uk/ukpga/1988/1/section/815C) repealed (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 26 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/8/2)
[^c22898071]: [S. 807A](https://www.legislation.gov.uk/ukpga/1988/1/section/807A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 46](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/46) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22898091]: [S. 808B](https://www.legislation.gov.uk/ukpga/1988/1/section/808B) inserted (with effect in accordance with [Sch. 30 para. 25(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/25/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 25(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/25/1)
[^c23806191]: [S. 815AZA](https://www.legislation.gov.uk/ukpga/1988/1/section/815AZA) inserted (with effect in accordance with [s. 59(2)](https://www.legislation.gov.uk/ukpga/2008/9/section/59/2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 59(1)](https://www.legislation.gov.uk/ukpga/2008/9/section/59/1)
[^c22898111]: [S. 815AA](https://www.legislation.gov.uk/ukpga/1988/1/section/815AA) inserted (with effect in accordance with [Sch. 30 para. 28(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/28/2/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 28(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/28/1)
[^c22898131]: [S. 815C](https://www.legislation.gov.uk/ukpga/1988/1/section/815C) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 146(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/146/1)
[^c22900391]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) modified (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 20 para. 10](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/10) (as amended by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 122(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/122/4/5)) (with Sch. 20 para. 12(2)(a))
[^c22900401]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 87](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/87)
[^c23798871]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 107(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/107/5)
[^c23798881]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 12E(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/12E/5) (as inserted (29.11.2007 with effect in accordance with regs. 1(2), 3(1) of the amending S.I. (as amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(1)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/1))) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 1 para. 16](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/16))
[^c23798891]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 30E(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/30E/5) (as inserted (29.11.2007 with effect in accordance with regs. 1(2), 3(1) of the amending S.I. (as amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(1)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/1))) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 1 para. 19](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/19))
[^c23798901]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 12C(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/12C/3) (as substituted (29.11.2007 with effect in accordance with regs. 1(2), 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 2 para. 8](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/8))
[^c23798911]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 30C(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/30C/3) (as substituted (29.11.2007 with effect in accordance with regs. 1(2), 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 2 para. 10](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/10))
[^c23798921]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 87A(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/87A/3) (as substituted (29.11.2007 with effect in accordance with regs. 1(2), 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 2 para. 12](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/12))
[^c23798931]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 140H(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/140H/3), [140I(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/140I/3), [140J(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/140J/3) (as inserted (29.11.2007 with effect in accordance with regs. 1(2), 3(3) of the amending S.I. (as amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/2))) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 3 para. 1](https://www.legislation.gov.uk/uksi/2007/3186/schedule/3/paragraph/1))
[^c23798941]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 paras. 12H(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/12H/3), [12I(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/12I/3) (as inserted (29.11.2007 with effect in accordance with regs. 1(2), 3(3) of the amending S.I. (as amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/2))) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 3 para. 2](https://www.legislation.gov.uk/uksi/2007/3186/schedule/3/paragraph/2))
[^c23798951]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 paras. 30G(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/30G/3), [30H(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/30H/3) (as inserted (29.11.2007 with effect in accordance with regs. 1(2), 3(3) of the amending S.I. (as amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/2))) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 3 para. 4](https://www.legislation.gov.uk/uksi/2007/3186/schedule/3/paragraph/4))
[^c23798961]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 paras. 85B(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/85B/3), [85C(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/85C/3) (as inserted (29.11.2007 with effect in accordance with regs. 1(2), 3(3) of the amending S.I. (as amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/2))) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 3 para. 5](https://www.legislation.gov.uk/uksi/2007/3186/schedule/3/paragraph/5))
[^c23798971]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18): power to amend conferred (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 533(2)(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/533/2/3) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23798981]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) modified (with effect in accordance with s. 56(3) of the modifying Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [s. 56(1)](https://www.legislation.gov.uk/ukpga/2009/10/section/56/1)
[^c23816441]: [S. 818](https://www.legislation.gov.uk/ukpga/1988/1/section/818) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 203](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/203), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23816461]: [S. 819](https://www.legislation.gov.uk/ukpga/1988/1/section/819) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 204](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/204), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23812421]: [S. 820](https://www.legislation.gov.uk/ukpga/1988/1/section/820) applied (6.4.2005) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)(2)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1/2), [Sch. 2 para. 160](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2/paragraph/160)
[^c21628511]: Source—1970 s.520
[^c21628521]: Source—1970 s.521; 1972 Sch.24 29; 1983 s.27.
[^c23812431]: Words in [s. 821(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 330(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/330/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812451]: Words in [s. 821(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 330(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/330/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812471]: Words in [s. 821(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 330(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/330/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812491]: Words in [s. 821(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 330(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/330/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812521]: Words in [s. 821(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 330(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/330/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22800531]: Words in [s. 821(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1/a) substituted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 22](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/22)
[^c23812541]: Words in [s. 821(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 330(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/330/f), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812561]: [S. 821(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/3/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 205(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/205/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21628531]: [S. 821(3)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/3/aa) inserted (1.8.1989) by [Copyright, Designs and Patents Act 1988 (c. 48)](https://www.legislation.gov.uk/ukpga/1988/48), [Sch. 7 para. 36(7)](https://www.legislation.gov.uk/ukpga/1988/48/schedule/7/paragraph/36/7); [S.I. 1989/816](https://www.legislation.gov.uk/uksi/1989/816) art. 2
[^c23812581]: [S. 821(3)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/3/aa) and word repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 205(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/205/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22800561]: [S. 821(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/3/c) and preceding word repealed (with effect in accordance with Sch. 18 Pt. 6(2) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/2)
[^c21628541]: Source—1970 s.522; 1971 Sch.6 76; 1972 Sch.24 30
[^c22800621]: Words in [s. 822(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/822/1) substituted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 23](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/23)
[^c23816481]: [S. 823](https://www.legislation.gov.uk/ukpga/1988/1/section/823) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 206](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/206), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21628821]: [S. 824](https://www.legislation.gov.uk/ukpga/1988/1/section/824) excluded (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 173](https://www.legislation.gov.uk/ukpga/1993/34/section/173), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3), [Sch. 19 Pt. III para. 13(4)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/19/part/III/paragraph/13/4)
[^c22800861]: [S. 824](https://www.legislation.gov.uk/ukpga/1988/1/section/824) excluded (2.1.1996) by [The Lloyd's Underwriters (Gilt-edged Securities) (Periodic Accounting for Tax on Interest) Regulations 1995 (S.I. 1995/3225)](https://www.legislation.gov.uk/uksi/1995/3225), [reg. 12(2)](https://www.legislation.gov.uk/uksi/1995/3225/regulation/12/2) (with [reg. 13](https://www.legislation.gov.uk/uksi/1995/3225/regulation/13))
[^c23813151]: [S. 824](https://www.legislation.gov.uk/ukpga/1988/1/section/824) excluded (27.12.2005 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Lloyd's Underwriters (Tax) Regulations 2005 (S.I. 2005/3338)](https://www.legislation.gov.uk/uksi/2005/3338), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3338/regulation/1/1), [14(4)](https://www.legislation.gov.uk/uksi/2005/3338/regulation/14/4)
[^c22800701]: [S. 824(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/1) substituted (with effect in accordance with s. 199(2)(3), [Sch. 19 para. 41(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 41(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/1); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21628871]: [S. 824(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/1A) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [7(b)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/7/b)
[^c21628881]: [S. 824(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/1A) repealed (from 18.8.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [ss. 178(7)](https://www.legislation.gov.uk/ukpga/1989/26/section/178/7), [187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Pt. 10](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/10), Note; [S.I. 1989/1298](https://www.legislation.gov.uk/uksi/1989/1298)
[^c22801911]: [S. 824(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/2A) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [7(d)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/7/d)
[^c22801811]: [S. 824(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/2B) inserted (retrospectively, with effect in accordance with [s. 41(4)-(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/41/4) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 41(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/41/2)
[^c22801851]: [S. 824(2C)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/2C) inserted (with effect in accordance with [s. 90(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/90/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 90(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/90/2)
[^c22800731]: [S. 824(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/3) substituted (with effect in accordance with s. 199(2)(3), [Sch. 19 para. 41(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 41(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23813081]: [S. 824(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/3) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 108](https://www.legislation.gov.uk/ukpga/2004/12/section/108)
[^c22801831]: [S. 824(3)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/3/aa) inserted (retrospectively, with effect in accordance with [s. 41(4)-(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/41/4) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 41(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/41/3)
[^c22801871]: [S. 824(3)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/3/ab) inserted (with effect in accordance with [s. 90(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/90/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 90(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/90/3)
[^c22800891]: [S. 824(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/3/a/b) substituted (with effect in accordance with [s. 92(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/92/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 92(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/92/2)
[^c22800931]: Words in [s. 824(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/3/c) substituted (with effect in accordance with [s. 92(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/92/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 92(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/92/3)
[^c22800911]: [S. 824(4)(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/4/4A) substituted for s. 824(4) (with effect in accordance with [s. 92(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/92/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 92(4)](https://www.legislation.gov.uk/ukpga/1997/16/section/92/4)
[^c23813061]: Words in [s. 824(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/4A) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 104](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/104) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22800751]: [S. 824(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/5) repealed (with effect in accordance with s. 199(2)(3), Sch. 19 para. 41(4) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 41(3)(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/3/a), [Sch. 26 Pt. 5(23)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/23), Note 3; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21629001]: Words in [s. 824(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/6) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [7(f)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/7/f)
[^c21629011]: Words in [s. 824(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/6) repealed (from 18.8.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [ss. 178(7)](https://www.legislation.gov.uk/ukpga/1989/26/section/178/7), [187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Pt. 10](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/10), Note; [S.I. 1989/1298](https://www.legislation.gov.uk/uksi/1989/1298)
[^c23813131]: [S. 824(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 331(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/331/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21629031]: Source—1975 (No.2) s.47(11), (12).
[^c23813111]: Words in [s. 824(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 331(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/331/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22800791]: Words in [s. 824(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/9) repealed (with effect in accordance with s. 199(2)(3), Sch. 19 para. 41(4) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 41(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/3/b), [Sch. 26 Pt. 5(23)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/23), Note 3; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21629041]: Words in [s. 824(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/9) substituted (1989-90 and subsequent years) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 110(5)(6)-(9)](https://www.legislation.gov.uk/ukpga/1989/26/section/110/5/6)
[^c23813161]: Words in [s. 824(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/9) inserted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 33](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/33) (as amended by [The Registered Pension Schemes (Splitting of Schemes) Regulations 2006 (S.I. 2006/569)](https://www.legislation.gov.uk/uksi/2006/569), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/569/regulation/1/1), [5(6)(7)](https://www.legislation.gov.uk/uksi/2006/569/regulation/5/6/7)) (with Sch. 36)
[^c21629051]: Words in [s. 824(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/9) substituted (1989-90 and subsequent years) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 111(4)(5)-(8)](https://www.legislation.gov.uk/ukpga/1989/26/section/111/4/5)
[^c22800811]: [S. 824(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/10) repealed (with effect in accordance with s. 199(2)(3), Sch. 19 para. 41(4) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 41(3)(c)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/3/c), [Sch. 26 Pt. 5(23)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/23), Note 3; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21629171]: Source—1975 (No.2) s.48(1), (2)
[^c21629181]: Words in [s. 825(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/1/a) repealed (for accounting periods beginning after 31.3.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Pt. V](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/V), Note 6
[^c21629191]: Words in [s. 825(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/2) repealed (with effect in relation to payments made on and after 6.4.1993) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [ss. 158(2)](https://www.legislation.gov.uk/ukpga/1989/26/section/158/2), [187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Pt. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/8), Note 5; [S.I. 1993/753](https://www.legislation.gov.uk/uksi/1993/753)
[^c21629201]: Words in [s. 825(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/2) substituted (from 18.8.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 179(1)(a)(vii)](https://www.legislation.gov.uk/ukpga/1989/26/section/179/1/a/vii); [S.I. 1989/1298](https://www.legislation.gov.uk/uksi/1989/1298)
[^c21629211]: [S. 825(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/2A) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [8(a)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/8/a)
[^c21629231]: Source—1975 (No.2) s.48(4)-(9)
[^c21629241]: [S. 825(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/4/a) modified (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 120](https://www.legislation.gov.uk/ukpga/1993/34/section/120), [Sch. 14 para. 10(6)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/10/6) [S. 825(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/4/a) modified (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 120](https://www.legislation.gov.uk/ukpga/1995/4/section/120), [Sch. 24 para. 12(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/12/5)
[^c21629251]: Words in [s. 825(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/4) added by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [Sch. 15 para.22](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/22)
[^c22801931]: [S. 825(4)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/4/d) repealed (with effect in accordance with s. 20 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c21629271]: Words in [s. 825(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/2A) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [8(b)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/8/b)
[^c22802091]: [S. 826](https://www.legislation.gov.uk/ukpga/1988/1/section/826) excluded (2.1.1996) by [The Lloyd's Underwriters (Gilt-edged Securities) (Periodic Accounting for Tax on Interest) Regulations 1995 (S.I. 1995/3225)](https://www.legislation.gov.uk/uksi/1995/3225), [reg. 12(2)](https://www.legislation.gov.uk/uksi/1995/3225/regulation/12/2) (with [reg. 13](https://www.legislation.gov.uk/uksi/1995/3225/regulation/13))
[^c22803051]: [S. 826](https://www.legislation.gov.uk/ukpga/1988/1/section/826) applied (with modifications) (7.1.1999 in accordance with reg. 1(2) of the affecting S.I.) by [The Corporation Tax (Instalment Payments) Regulations 1998 (S.I. 1998/3175)](https://www.legislation.gov.uk/uksi/1998/3175), [reg. 8](https://www.legislation.gov.uk/uksi/1998/3175/regulation/8) (as amended by: [S.I. 2005/889](https://www.legislation.gov.uk/uksi/2005/889), [regs. 1(1)(3)](https://www.legislation.gov.uk/uksi/2005/889/regulation/1/1/3), [7](https://www.legislation.gov.uk/uksi/2005/889/regulation/7); [S.I. 2011/1785](https://www.legislation.gov.uk/uksi/2011/1785), [regs. 1](https://www.legislation.gov.uk/uksi/2011/1785/regulation/1), [11](https://www.legislation.gov.uk/uksi/2011/1785/regulation/11); [S.I. 2017/1072](https://www.legislation.gov.uk/uksi/2017/1072), [regs. 1](https://www.legislation.gov.uk/uksi/2017/1072/regulation/1), [10](https://www.legislation.gov.uk/uksi/2017/1072/regulation/10))
[^c23813721]: [S. 826](https://www.legislation.gov.uk/ukpga/1988/1/section/826) excluded (27.12.2005 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Lloyd's Underwriters (Tax) Regulations 2005 (S.I. 2005/3338)](https://www.legislation.gov.uk/uksi/2005/3338), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3338/regulation/1/1), [14(4)(6)(b)](https://www.legislation.gov.uk/uksi/2005/3338/regulation/14/4/6/b)
[^c21629411]: Source—1987 (No.2) s.87
[^c21629401]: [S. 826(1)(8)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1/8/9) power exercised: 30.9.1993 appointed by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/b)
[^c22801941]: [S. 826(1)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1/aa) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 20(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/20/2)
[^c22803111]: [S. 826(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1/d) and preceding word inserted (with effect in accordance with [s. 69(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/69/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 21 para. 1(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/21/paragraph/1/2)
[^c22803291]: [S. 826(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1/e) and preceding word inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 23 para. 3(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/3/2)
[^c22803411]: [S. 826(1)(da)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1/da) inserted (with effect in accordance with [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/5) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 14 para. 1(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/1/2)
[^c23813731]: [S. 826(1)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1/f) and preceding word inserted (1.1.2007) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 53(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/53/1), [Sch. 5 para. 26(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/5/paragraph/26/2); [S.I. 2006/3399](https://www.legislation.gov.uk/uksi/2006/3399), [art. 2](https://www.legislation.gov.uk/uksi/2006/3399/article/2)
[^c21629431]: Words in [s. 826(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1) substituted (retrospectively) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 180(6)(7)](https://www.legislation.gov.uk/ukpga/1989/26/section/180/6/7)
[^c22802801]: Words in [s. 826(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/2) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 1(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/1/1)
[^c22801981]: Words in [s. 826(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/2) substituted (with effect in accordance with [s. 199(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/199/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 42](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/42); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22801961]: [S. 826(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/2A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 20(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/20/3)
[^c22803001]: [S. 826(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/2A) repealed (with effect in accordance with Sch. 3 para. 38(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 38(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/38/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22802821]: Words in [s. 826(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/3) substituted (with effect in accordance with [Sch. 4 para. 2(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/2/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 2(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/2/1)
[^c22803131]: [S. 826(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/3A) inserted (with effect in accordance with [s. 69(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/69/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 21 para. 1(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/21/paragraph/1/3)
[^c22803281]: [1998 c. 36](https://www.legislation.gov.uk/ukpga/1998/36).
[^c22803431]: [S. 826(3AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/3AA) inserted (with effect in accordance with [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/5) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 14 para. 1(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/1/3)
[^c22803311]: [S. 826(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/3B) inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 23 para. 3(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/3/3)
[^c23813751]: [S. 826(3C)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/3C) inserted (1.1.2007) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 53(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/53/1), [Sch. 5 para. 26(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/5/paragraph/26/3); [S.I. 2006/3399](https://www.legislation.gov.uk/uksi/2006/3399), [art. 2](https://www.legislation.gov.uk/uksi/2006/3399/article/2)
[^c22803071]: Words in [s. 826(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/4) substituted (with effect in accordance with [s. 90(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/90/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 90(1)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/90/1/a)
[^c22802121]: [S. 826(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/4/a) substituted (with effect in accordance with [s. 173(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 173(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/5)
[^c22803091]: Words in [s. 826(4)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/4/a/i) inserted (with effect in accordance with [s. 90(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/90/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 90(1)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/90/1/b)
[^c22802981]: [S. 826(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/5A) inserted (with effect in accordance with [s. 34(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/34/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 34(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/34/4)
[^c22803021]: [S. 826(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7) repealed (with effect in accordance with Sch. 3 para. 38(6) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 38(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/38/3), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21629471]: [S. 826(7A)(7B)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7A/7B) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [Sch. 15 para. 23](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/23)
[^c21629481]: Words in [s. 826(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7A) substituted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 120](https://www.legislation.gov.uk/ukpga/1993/34/section/120), [Sch. 14 para. 10(2)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/10/2)
[^c22802881]: Words in [s. 826(7)(7A)(7B)(7C)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7/7A/7B/7C) substituted (with effect in accordance with [Sch. 4 para. 5(5)(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/5/5/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 5(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/5/2)
[^c21629491]: [S. 826(7AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7AA) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 120](https://www.legislation.gov.uk/ukpga/1993/34/section/120), [Sch. 14 para. 10(3)(5)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/10/3/5)
[^c22803031]: [S. 826(7AA)(7CA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7AA/7CA) repealed (with effect in accordance with Sch. 3 para. 38(7) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 38(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/38/4), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22802231]: [S. 826(7B)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7B) repealed (with effect in accordance with s. 20 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c22803211]: [S. 826(7BB)(7BC)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7BB/7BC) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 29(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/29/2)
[^c21629521]: [S. 826(7C)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7C) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 170](https://www.legislation.gov.uk/ukpga/1993/34/section/170), [Sch. 18 para.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/18/paragraph/5)
[^c22802141]: Words in [s. 826(7C)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7C/a) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 48(1)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/48/1/a) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22802161]: Words in [s. 826(7C)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7C/b) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 48(1)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/48/1/b) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22802041]: Words in [s. 826(7C)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7C/c) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 24 para. 11(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/11/a)
[^c22802061]: Words in [s. 826(7C)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7C) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 24 para. 11(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/11/b)
[^c22802021]: [S. 826(7CA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7CA) inserted (with effect in accordance with [Sch. 24 para. 12(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/12/4/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 24 para. 12(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/12/2)
[^c22803061]: [S. 826(7AA)(7CA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7AA/7CA) repealed (with effect in accordance with Sch. 3 para. 38(7) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 38(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/38/4), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22802901]: [S. 826(7D)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7D) inserted (with effect in accordance with [Sch. 4 para. 5(5)(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/5/5/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 5(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/5/3)
[^c22803231]: Words in [s. 826(7D)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7D) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 29(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/29/3)
[^c22802921]: [S. 826(7E)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7E) inserted (with effect in accordance with [Sch. 4 para. 5(5)(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/5/5/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 5(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/5/4)
[^c22803251]: Words in [s. 826(7E)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7E) inserted (28.7.2000) by virtue of [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 29(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/29/4)
[^c22802841]: [S. 826(8A)-(8C)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A) inserted (with effect in accordance with [Sch. 4 para. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/3/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 3(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/3/1)
[^c22803151]: Words in [s. 826(8A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/a) inserted (with effect in accordance with [s. 69(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/69/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 21 para. 1(4)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/21/paragraph/1/4/a)
[^c22803331]: Words in [s. 826(8A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/a) inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 23 para. 3(4)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/3/4/a)
[^c23813771]: Words in [s. 826(8A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/a) substituted (1.1.2007) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 53(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/53/1), [Sch. 5 para. 26(4)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/5/paragraph/26/4/a); [S.I. 2006/3399](https://www.legislation.gov.uk/uksi/2006/3399), [art. 2](https://www.legislation.gov.uk/uksi/2006/3399/article/2)
[^c22803171]: [S. 826(8A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/b) substituted (with effect in accordance with [s. 69(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/69/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 21 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/21/paragraph/1/4/b)
[^c22803471]: Words in [s. 826(8A)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/b/ii) inserted (with effect in accordance with [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/5) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 14 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/1/4/b)
[^c22803351]: Words in [s. 826(8A)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/b/ii) inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 23 para. 3(4)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/3/4/b)
[^c23813791]: Words in [s. 826(8A)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/b/ii) inserted (1.1.2007) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 53(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/53/1), [Sch. 5 para. 26(4)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/5/paragraph/26/4/b); [S.I. 2006/3399](https://www.legislation.gov.uk/uksi/2006/3399), [art. 2](https://www.legislation.gov.uk/uksi/2006/3399/article/2)
[^c22803191]: [S. 826(8BA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8BA) inserted (with effect in accordance with [s. 69(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/69/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 21 para. 1(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/21/paragraph/1/5)
[^c22803491]: Words in [s. 826(8BA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8BA) inserted (with effect in accordance with [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/5) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 14 para. 1(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/1/5)
[^c22803371]: Words in [s. 826(8BA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8BA) inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 23 para. 3(5)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/3/5/a)
[^c23813811]: Words in [s. 826(8BA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8BA) inserted (1.1.2007) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 53(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/53/1), [Sch. 5 para. 26(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/5/paragraph/26/5); [S.I. 2006/3399](https://www.legislation.gov.uk/uksi/2006/3399), [art. 2](https://www.legislation.gov.uk/uksi/2006/3399/article/2)
[^c22803391]: Words in [s. 826(8BA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8BA) inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 23 para. 3(5)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/3/5/b)
[^c22800351]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c22800361]: [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9).
[^c23816501]: [S. 827A](https://www.legislation.gov.uk/ukpga/1988/1/section/827A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 207](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/207), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21629661]: Source—1970 ss.65(5), 204, 231(3), 343 (1A); 1970(F) s.29(6), Sch.5 2(3), 10; 1972 ss.91(3), 108(4); 1973 Sch.16 17(2); 1975 (No.2) ss.47(10), 48(6), 69(9), 70(8), 70A(3); 1976 ss.64(4), 64A, (4) Sch.4 16(2); 1980 s.24(9); [Sch.10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10) 13(3); 1982 ss.28(5), 29(1), (3), Sch.7 14(2); 1984 ss.26(1), 88(8), 126(1), Sch.8 2(1)(f), 3A; 1983 Sch.5 5A(9), 6(8); 1986 s.28, 61, Sch.11 11, Sch.12 3, Sch.17 6(7).
[^c23815221]: [S. 828(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/3) excluded by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 22C(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/22C/3) (as inserted (1.7.2005) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 7 paras. 8](https://www.legislation.gov.uk/ukpga/2005/7/schedule/7/paragraph/8), [18(1)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/7/paragraph/18/1) (with [Sch. 7 paras. 19-21](https://www.legislation.gov.uk/ukpga/2005/7/schedule/7/paragraph/19)))
[^c21629681]: Source—1970 ss.65(5), 204, 343(1B); 1970(F) s.29(8), Sch.5 2(3), 10; 1973 Sch.16 17(2); 1975 (No.2) ss.47(10), 48(6), 69(9), 70(8), 70A(3); 1976 ss.64(4), 64A(4); 1982 s.29(5); 1983 Sch.5 5A(9), 6(9); 1984 ss.26(6), 88(8), Sch.8 2(1), 3A; 1986 ss.26, 27(7), 55, Sch.11 11, Sch.12 3, Sch.17 6(7)
[^c23815251]: [S. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) modified (20.3.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [ss. 1030(4)](https://www.legislation.gov.uk/ukpga/2007/3/section/1030/4), [1034(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/4/b)
[^c23815351]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 208(5)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/208/5/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23815121]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 180(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/180/2)
[^c23815371]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 208(5)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/208/5/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23815201]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 334(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/334/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22803711]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) repealed (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 26 Pt. 5(19)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/19)
[^c22803751]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) repealed (with effect in accordance with Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21629701]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 118(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/118/2)
[^c21629711]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 6 para. 16](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/16)
[^c22803741]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) substituted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 1(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/1/2)
[^c21629721]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) inserted by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [Sch. 1 para. 8(34)](https://www.legislation.gov.uk/ukpga/1990/1/schedule/1/paragraph/8/34)
[^c23815401]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 208(5)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/208/5/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23815101]: [S. 828(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/5) added (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 105(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/105/4) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23815231]: [S. 828(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/6) inserted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 34](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/34) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23816521]: [S. 829](https://www.legislation.gov.uk/ukpga/1988/1/section/829) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 209](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/209), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23816161]: [S. 830(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/830/5) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 106](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/106), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22800331]: [S. 826A](https://www.legislation.gov.uk/ukpga/1988/1/section/826A) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 1(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/1/2)
[^c23811391]: [S. 827A](https://www.legislation.gov.uk/ukpga/1988/1/section/827A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 333](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/333) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21629861]: Source—1970 s.526(1), (2); 1987 Sch.15 12
[^c23816541]: [S. 831(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/831/3): definition of "ITEPA 2003" inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 107](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/107) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23816561]: [S. 831(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/831/3): definition of "ITTOIA 2005" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 336](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/336) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816581]: [S. 831(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/831/3): definition of "ITA 2007" inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 211](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/211) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21629871]: [S. 831(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/831/3): definition of "the 1990 Act" inserted by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [Sch. 1 para. 8(35)](https://www.legislation.gov.uk/ukpga/1990/1/schedule/1/paragraph/8/35); and that amendment continued by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579), [Sch. 2 para. 59](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/59)
[^c21629881]: [S. 831(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/831/3): definition of "the 1992 Act" inserted (with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(53)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/53/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22803801]: [S. 831(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/831/4) applied (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 144(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/144/2)
[^c21629891]: [1987 c. 42](https://www.legislation.gov.uk/ukpga/1987/42).
[^c21629901]: [1978 c. 30](https://www.legislation.gov.uk/ukpga/1978/30).
[^c21629911]: [1986 c. 9](https://www.legislation.gov.uk/ukpga/1986/9).
[^c21629921]: Source—1970 s.540(2)
[^c21629931]: Words in [s. 831(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/831/5) substituted (with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(53)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/53/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23817041]: Words in [s. 832](https://www.legislation.gov.uk/ukpga/1988/1/section/832) sidenote substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23820211]: [S. 833](https://www.legislation.gov.uk/ukpga/1988/1/section/833) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 213](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/213), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23820231]: [S. 835](https://www.legislation.gov.uk/ukpga/1988/1/section/835) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 215](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/215), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23820251]: [S. 836](https://www.legislation.gov.uk/ukpga/1988/1/section/836) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 216](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/216), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23820331]: [S. 836A](https://www.legislation.gov.uk/ukpga/1988/1/section/836A) repealed (with effect in accordance with s. 80(4) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 25](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/25), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7), Note 2
[^c23820271]: [S. 836B](https://www.legislation.gov.uk/ukpga/1988/1/section/836B) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 217](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/217), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23820291]: [S. 837](https://www.legislation.gov.uk/ukpga/1988/1/section/837) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 218](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/218), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22806921]: [S. 841A](https://www.legislation.gov.uk/ukpga/1988/1/section/841A) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17)
[^c23820311]: [S. 842AA](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 229](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/229), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21631481]: [S. 842A](https://www.legislation.gov.uk/ukpga/1988/1/section/842A) inserted (1.4.1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s.127(1)(4)](https://www.legislation.gov.uk/ukpga/1990/29/section/127/1/4)
[^c23819851]: Words in [s. 842B](https://www.legislation.gov.uk/ukpga/1988/1/section/842B) sidenote repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 231(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/231/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23812171]: [S. 834A](https://www.legislation.gov.uk/ukpga/1988/1/section/834A) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 274](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/274) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23812191]: [S. 834B](https://www.legislation.gov.uk/ukpga/1988/1/section/834B) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 275](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/275) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23812211]: [S. 834C](https://www.legislation.gov.uk/ukpga/1988/1/section/834C) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 276](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/276) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c22805631]: [S. 836A](https://www.legislation.gov.uk/ukpga/1988/1/section/836A) inserted (with effect in accordance with [s. 103(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/2)
[^c23811481]: [S. 836B](https://www.legislation.gov.uk/ukpga/1988/1/section/836B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 340](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/340) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22805561]: [S. 837A](https://www.legislation.gov.uk/ukpga/1988/1/section/837A) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 19 para. 1](https://www.legislation.gov.uk/ukpga/2000/17/schedule/19/paragraph/1)
[^c22805581]: [S. 837B](https://www.legislation.gov.uk/ukpga/1988/1/section/837B) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 19 para. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/19/paragraph/2)
[^c23811461]: [S. 837C](https://www.legislation.gov.uk/ukpga/1988/1/section/837C) inserted (with effect in accordance with [Sch. 27 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 para. 1](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/1)
[^c23812101]: [S. 840ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/840ZA) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 225](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/225) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22805501]: [S. 840A](https://www.legislation.gov.uk/ukpga/1988/1/section/840A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 1(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/1/1)
[^c22805521]: [S. 841A](https://www.legislation.gov.uk/ukpga/1988/1/section/841A) inserted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 26](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/26) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c22805481]: [S. 842AA](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 70(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/70/1)
[^c22805611]: [S. 842B](https://www.legislation.gov.uk/ukpga/1988/1/section/842B) inserted (6.4.2001 with effect in accordance with [s. 76(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/2), [Sch. 25 para. 1(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/1/1)
[^c21631551]: Words in [s. 843(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/843/2) substituted (with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(56)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/56) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22807521]: Words in [s. 843(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/843/2) substituted (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/8)
[^c21631561]: Words in [s. 843(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/843/4) repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 15 para. 24](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/24), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 4
[^c21631571]: [1978 c. 30](https://www.legislation.gov.uk/ukpga/1978/30).
[^c23389411]: [Sch. A2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/A2) repealed (with effect in accordance with s. 26(8)-(11) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 26(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/2), [Sch. 26 Pt. 3(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/1), Note
[^c21853671]: [Sch. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/1) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c22720851]: [Sch. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/2) repealed (with effect in accordance with Sch. 14 Pt. IV Note 9 of the repealing Act) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39) ss. 75, 148, Sch.14 Part IV
[^c21853701]: [Sch. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3) repealed (with effect in accordance with Sch. 7 para. 32 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 27](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/27), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2), Note (with Sch. 7 paras. 33-35)
[^c21846651]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c23389421]: [Sch. 4A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 342](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/342), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390441]: [Sch. 5AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 344](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/344), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22777311]: [Sch. 5A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5A) repealed (with effect in accordance with [Sch. 10 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/7/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 1(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/1/2), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10), Note 1; [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23390511]: [Schs. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6), [6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A), [7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7), [7A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 paras. 110](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/110), [111](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/111), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21633181]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c23390521]: [Schs. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6), [6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A), [7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7), [7A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 paras. 110](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/110), [111](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/111), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390531]: [Schs. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6), [6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A), [7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7), [7A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 paras. 110](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/110), [111](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/111), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390541]: [Schs. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6), [6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A), [7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7), [7A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 paras. 110](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/110), [111](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/111), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22205081]: [Sch. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8) repealed (with effect in accordance with s. 61(2)(3), Sch. 18 Pt. 6(3) Notes 1-3 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3)
[^c21634111]: Source—1978 Sch.9 1(1)(a); 1980 Sch.10 1(1)(a); 1984 Sch.10 1(1)
[^c21634121]: Source—1978 Sch.9 1(5); 1980 Sch.10 1(2); 1984 Sch.10 1(2)
[^c21634131]: Source—1978 Sch.9 1(2); 1980 Sch.10 1(3); 1984 Sch.10 1(3)
[^c21634141]: Source—1978 Sch.9 1(2); 1980 Sch.10 1(3); 1984 Sch.10 1(4)
[^c21634151]: Source—1978 Sch.9 1(1)(b); 1980 Sch.10 1(1), (b); 1984 Sch.10 1(1); 1987 Sch.15 13
[^c21634161]: [Sch. 9 para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/2/2) excluded (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 238(1)(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/238/1/4), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21634171]: Source—1978 s.54(1); 1986 s.24(3)(a)
[^c22225551]: [Sch. 9 para. 2(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/2/2A/2B) inserted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 53(1)(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/53/1/3)
[^c21634181]: Source—1978 Sch.9 2(3), (4); 1980 Sch.10 1(1)(aa), (ab), (1A); 1983 s.25(5); 1984 s.39(2)
[^c22225621]: [Sch. 9 para. 3(2)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/3/2/ca) inserted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 53(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/53/2/3)
[^c22225931]: [Sch. 9 para. 3(2)(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/3/2/f) and preceding word inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 51(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/51/1)
[^c21634191]: Source—1978 Sch.9 3(3)
[^c22225951]: [Sch. 9 para. 3(4)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/3/4) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 51(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/51/2)
[^c22181491]: [Sch. 9 para. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/4) modified (with effect in accordance with Sch. 16 para. 1 of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 16 para. 4](https://www.legislation.gov.uk/ukpga/1996/8/schedule/16/paragraph/4)
[^c21634201]: Source—1978 Sch.9 3(2); 1980 Sch.10 3(2); 1984 Sch.10 2(2)
[^c23392191]: [Sch. 9 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/5) modified (1.4.2009) by [The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56)](https://www.legislation.gov.uk/uksi/2009/56), [art. 1(2)](https://www.legislation.gov.uk/uksi/2009/56/article/1/2), [Sch. 1 para. 158](https://www.legislation.gov.uk/uksi/2009/56/schedule/1/paragraph/158)
[^c21634211]: Source—1978 Sch.9 4; 1980 Sch.10 4; 1984 Sch.10 3
[^c21634231]: Source—1978 s.53(7); 1980 Sch.10 25; 1984 Sch.10 14
[^c23392121]: [Sch. 9 Pts. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/2), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/6) repealed (except for specified purposes) (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 112(1)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/112/1), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21634241]: Source—1978 Sch.9 11(1), (2); 1980 Sch.10 23; 1984 Sch.10 4(1)(b), (3)
[^c21634251]: [Sch. 9 Pt. II para. 8A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/II/paragraph/8A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 38(5)(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/38/5/6)
[^c21634261]: Source—1978 Sch.9 1(1), (3); 1980 Sch.10 5(a); 1984 Sch.10
[^c22225451]: Words in [Sch. 9 para. 9(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/9/1) inserted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 52(2)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/2/5)
[^c21634271]: Source—1978 Sch.9 5; 1980 Sch.10 15; 1984 Sch.10 7
[^c21634281]: [Sch. 9 para. 10(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/10/c/ii) and preceding word repealed by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 64](https://www.legislation.gov.uk/ukpga/1989/26/section/64), [Sch. 17 Pt. 4](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/4)
[^c21634291]: Source—1978 Sch.9 6; 1980, s.46(10), Sch.10 16; 1984 Sch.10 8
[^c22194561]: Words in [Sch. 9 para. 11(a)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/11/a/c) substituted (with effect in accordance with [Sch. 38 para. 6(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(j)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/j)
[^c21634321]: Source—1978 Sch.9 7; 1980 Sch.10 17; 1984 Sch.10 9; 1986 s.22, 24(2)
[^c22225511]: Words in [Sch. 9 para. 12(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/12/1/c) substituted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 52(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/4/a/5) (with [s. 52(6)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/6))
[^c22225531]: [Sch. 9 para. 12(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/12/1A/1B) inserted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 52(4)(b)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/4/b/5) (with [s. 52(6)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/6))
[^c21634331]: Source—1980 Sch.10 18; 1982 s.41; 1984 Sch.10 10; 1986 s.23(4)
[^c21634341]: [Sch. 9 para. 13(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/13/3) added (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 69(1)](https://www.legislation.gov.uk/ukpga/1988/39/section/69/1)
[^c21634351]: Source—1978 Sch.9 8; 1980 s.46(11), Sch.10 19; 1984 Sch.10 11; 1986 s.23(3)
[^c21634361]: Source—1980 Sch.10, 10A; 1984 Sch.10 4A; 1987 Sch.4 1, 2; 1987 (No.2) s.59
[^c21634371]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c21634381]: [S.I. 1986/1032 (N.I. 6)](https://www.legislation.gov.uk/nisi/1986/1032).
[^c21634391]: Source—1987 Sch.4 3
[^c23392201]: [Sch. 9 Pts. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/2), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/6) repealed (except for specified purposes) (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 112(1)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/112/1), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22225471]: [Sch. 9 para. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/11A) inserted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 52(3)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/3/5) (with [s. 52(6)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/6))
[^c23392091]: [Sch. 9 Pts. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/3), [4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/4) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 112(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/112/2), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23392111]: [Sch. 9 Pts. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/3), [4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/4) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 112(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/112/2), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21634771]: Source—1978 Sch.9 1(3)
[^c21634781]: Source—1978 Sch.9 3(2)
[^c21634801]: Source—1978 Sch.9 1 (4); 1983 s.25(1)
[^c21634811]: Source—1978 s.53(4)
[^c21634821]: Source—1978 Sch.9 12
[^c21634831]: Source—1978 Sch.9 13; 1980 s.46(13)
[^c21880401]: Words in [Sch. 9 para. 32(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/32/1) substituted (with effect in accordance with [s. 101(9)(10)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/9/10) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 101(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/5)
[^c21634841]: Source—1978 Sch.9 14
[^c21880421]: [Sch. 9 para. 33(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/33/a) modified (with effect in accordance with s. 101(11)(12) of the affecting Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 101(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/6) (with [s. 101(14)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/14))
[^c21634851]: Source—1978 Sch.9 15
[^c21634861]: Source—1978 Sch.9 9
[^c21634871]: Source—1978 Sch.9 10
[^c21634881]: Source—1978 Sch.9 2; 1983 s.25(4)
[^c21884191]: Words in [Sch. 9 para. 36(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/36/1/a) substituted (with application in accordance with [s. 137(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/137/7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 137(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/137/4)
[^c21634891]: Source—1987 Sch.4 6-8
[^c21634901]: [Sch. 9 para. 40](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/40) and preceding cross-heading inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 65](https://www.legislation.gov.uk/ukpga/1989/26/section/65)
[^c23392211]: [Sch. 9 Pts. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/2), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/6) repealed (except for specified purposes) (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 112(1)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/112/1), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21634091]: [Sch. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9) excluded (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 238(2)(c)(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/238/2/c/4), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22180901]: [Sch. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 115](https://www.legislation.gov.uk/ukpga/1996/8/section/115)
[^c22181041]: [Sch. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 116(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/116/3)
[^c22225871]: [Sch. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9) modified (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 49(1)(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/49/1/2)
[^c23392221]: [Sch. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9) continued for specified purposes (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 418(3)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21634921]: Source—1978 s.54(2); 1979 Sch.7
[^c21880321]: [Sch. 10 para. 1(1)(cc)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/1/1/cc) inserted (with effect in accordance with [s. 101(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 101(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/2)
[^c21634931]: Source—1978 s.54(1A); 1980 s.46(2)
[^c21634941]: Source—1978 s.54(3)
[^c21880361]: [Sch. 10 para. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/1/4) inserted (with effect in accordance with [s. 101(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 101(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/3)
[^c21634991]: Source—1978 s.54(4), (5); 1980 s.46(3); 1986 s.24(3)
[^c22194851]: Words in [Sch. 10 para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/2) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(4)(b)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/4/b)
[^c22201621]: Words in [Sch. 10 para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/2) substituted (24.9.1996) by [The Employment Rights (Northern Ireland) Order 1996 (S.I. 1996/1919 (N.I. 16))](https://www.legislation.gov.uk/nisi/1996/1919), [art. 1(2)](https://www.legislation.gov.uk/nisi/1996/1919/article/1/2), [Sch. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/1) (with [Sch. 2](https://www.legislation.gov.uk/nisi/1996/1919/schedule/2))
[^c21635021]: Words in [Sch. 10 para. 2(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/2/b) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 38(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/38/3)
[^c21635031]: Word at the end of Sch. 10 para. 2(c) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [9](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/9)
[^c21635041]: Words in [Sch. 10 para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/2) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 38(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/38/3)
[^c22162701]: Words in [Sch. 10 para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/2) substituted (19.7.1995) by [Pensions Act 1995 (c. 26)](https://www.legislation.gov.uk/ukpga/1995/26), [ss. 126](https://www.legislation.gov.uk/ukpga/1995/26/section/126), [180(2)(a)](https://www.legislation.gov.uk/ukpga/1995/26/section/180/2/a), [Sch. 4 para. 12(b)](https://www.legislation.gov.uk/ukpga/1995/26/schedule/4/paragraph/12/b), [s. 178(3)](https://www.legislation.gov.uk/ukpga/1995/26/section/178/3)
[^c22181091]: [Sch. 10 para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/3) substituted (with effect in accordance with [s. 107(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 117(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/117/1)
[^c23393091]: Words in [Sch. 10 paras. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/3/1), [6(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/6/4) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 113(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/113/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22778221]: Words in [Sch. 10 para. 3A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/3A/2) substituted (19.7.1995) by [Pensions Act 1995 (c. 26)](https://www.legislation.gov.uk/ukpga/1995/26), [s. 180(2)(a)](https://www.legislation.gov.uk/ukpga/1995/26/section/180/2/a), [Sch. 4 para. 12(c)](https://www.legislation.gov.uk/ukpga/1995/26/schedule/4/paragraph/12/c)
[^c22778231]: Words in [Sch. 10 para. 3A(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/3A/4) substituted (19.7.1995) by [Pensions Act 1995 (c. 26)](https://www.legislation.gov.uk/ukpga/1995/26), [s. 180(2)(a)](https://www.legislation.gov.uk/ukpga/1995/26/section/180/2/a), [Sch. 4 para. 12(d)](https://www.legislation.gov.uk/ukpga/1995/26/schedule/4/paragraph/12/d)
[^c22778211]: [Sch. 10 para. 3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/3A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 100(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/100/3)
[^c21635091]: Source—1978 s.56(2)-(5)
[^c21635111]: Source—1978 s.57; 1979(C) Sch.7
[^c21635121]: Word in [Sch. 10 para. 5(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/5/7) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(58)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/58) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21880381]: [Sch. 10 para. 5A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/5A) inserted (with effect in accordance with [s. 101(8)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/8) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 101(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/4) (with [s. 101(13)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/13))
[^c21635131]: Source—1978 s.58; 1983 s.25(1)
[^c23393111]: Words in [Sch. 10 paras. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/3/1), [6(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/6/4) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 113(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/113/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21635141]: Source—1978 s.59; 1980 s.46(8); 1987 Sch.15 11(3)
[^c23393121]: Words in [Sch. 10 para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/7/1) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 113(3)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/113/3/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23393141]: Words in [Sch. 10 para. 7(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/7/6) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 113(3)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/113/3/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23393181]: Word in [Sch. 10 para. 7(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/7/7/b) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 113(3)(c)(i)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/113/3/c/i), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23393161]: Words in [Sch. 10 para. 7(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/7/7/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 113(3)(c)(ii)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/113/3/c/ii) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21634911]: [Sch. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10) excluded (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 238(2)(c)(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/238/2/c/4), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22181061]: [Sch. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 116(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/116/3)
[^c23392231]: [Sch. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10) continued (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 418(3)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23393261]: [Sch. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 114](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/114), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21635371]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para. 2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c23394021]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 115](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/115), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23394041]: [Sch. 12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 116](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/116), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23394061]: [Sch. 12AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12AA) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 117](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/117), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23394051]: [Sch. 12A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 118](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/118), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22778561]: [Sch. 13](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13) repealed (with effect in accordance with Sch. 3 para. 41(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 41(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/41/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22779711]: [Sch. 13A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A) repealed (with effect in accordance with Sch. 3 para. 42(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 42(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/42/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23394071]: [Sch. 13B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B) repealed (6.4.2003) by [Tax Credits Act 2002 (c. 21)](https://www.legislation.gov.uk/ukpga/2002/21), [s. 61](https://www.legislation.gov.uk/ukpga/2002/21/section/61), [Sch. 6](https://www.legislation.gov.uk/ukpga/2002/21/schedule/6); [S.I. 2003/962](https://www.legislation.gov.uk/uksi/2003/962), [art. 2(3)(e)](https://www.legislation.gov.uk/uksi/2003/962/article/2/3/e), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/962/schedule/1) (with [arts. 3-5](https://www.legislation.gov.uk/uksi/2003/962/article/3))
[^c21636171]: [Sch. 14 para. 1(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/1/2/3) repealed by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [Sch.14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14), Note 6
[^c23403071]: Cross-heading preceding Sch. 14 para. 1 substituted (5.12.2005) by virtue of [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [101(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/101/3)
[^c21636201]: Source—1976 Sch.4 11; 1979/1576; 1982 s.35(2), (4); 1970 s.10
[^c21636211]: Words in [Sch. 14 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/2/1/b) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 18(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/18/2); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c23403151]: [Sch. 14 para. 2(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/2/1A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 232(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/232/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21636281]: Source—1976 Sch.4 13; 1978 Sch.3 7; 1980 s.29(2)(c); 1987 Sch.15 9
[^c21636291]: Words in [Sch. 14 para. 3(1)(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/3/1/3/a) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 18(2)(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/18/2/3); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21636311]: Words in [Sch. 14 para. 3(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/3/3/a) substituted (6.4.1989) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 29](https://www.legislation.gov.uk/ukpga/1988/39/section/29)
[^c21636341]: Words in [Sch. 14 para. 3(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/3/4) repealed (with effect in accordance with s. 173 of the repealing Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 17 Pt. 9](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/9), Note
[^c21636351]: [1969 c.19](https://www.legislation.gov.uk/ukpga/1969/19).
[^c21636361]: Source—1976 Sch.4 14; 1978 Sch.3 2, 8
[^c21636371]: Source—1976 Sch.4 14A; 1978 Sch.3 9
[^c23403131]: Words in [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/5) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 119](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/119) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21636381]: Source—1976 Sch.4 15
[^c22780441]: Words in [Sch. 14 para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/6/2) repealed (with effect in accordance with Sch. 18 para. 17(5) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 11(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/11/2), [Sch. 41 Pt. 5(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/8), Note
[^c21636401]: Source—1976 Sch.4 16; 1978 Sch.3 10
[^c22780431]: Words in [Sch. 14 para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/7/1) repealed (with effect in accordance with s. 55(1)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(7)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/7), Note (as s. 55 of that repealing Act is amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c22223751]: [Sch. 14 para. 7(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/7/3/a) substituted (with effect in accordance with [Sch. 18 para. 17(1)(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/1/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 11(3)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/11/3/a)
[^c22223781]: Words in [Sch. 14 para. 7(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/7/3/b) inserted (with effect in accordance with [Sch. 18 para. 17(1)(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/1/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 11(3)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/11/3/b)
[^c22223801]: Words in [Sch. 14 para. 7(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/7/3/c) substituted (with effect in accordance with [Sch. 18 para. 17(3)(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/3/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 11(3)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/11/3/c)
[^c22223841]: Words in [Sch. 14 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/7/3) substituted (with effect in accordance with [Sch. 18 para. 17(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 11(3)(d)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/11/3/d)
[^c22223861]: [Sch. 14 para. 7(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/7/4/5) added (with effect in accordance with [Sch. 18 para. 17(3)(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/3/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 11(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/11/4)
[^c21636411]: Source—1970 s.19(5)
[^c21636421]: Source—1984 s.72(2)-(4), (6), (7)
[^c23403191]: [Sch. 14 para. 8(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/8/3A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 232(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/232/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22224031]: Words in [Sch. 14 para. 8(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/8/4) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/5)
[^c22224051]: [Sch. 14 para. 8(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/8/8) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/6)
[^c22780451]: [Sch. 14 para. 8(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/8/8/a) power exercised: 1.12.2001 appointed by [S.I. 2001/3643](https://www.legislation.gov.uk/uksi/2001/3643), [art. 2(b)](https://www.legislation.gov.uk/uksi/2001/3643/article/2/b)
[^c21636441]: Source—1970 Sch.1 1(1)-(4A); 1975 Sch.2 4(2), (3)
[^c21636451]: Source—1975 Sch.2 4(4)
[^c22224071]: Words in [Sch. 15 para. 1(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/1/6) substituted (with effect as mentioned in [s. 167(12)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/12) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(7)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/7/a); [S.I. 2001/3643](https://www.legislation.gov.uk/uksi/2001/3643), [art. 2(a)](https://www.legislation.gov.uk/uksi/2001/3643/article/2/a)
[^c21636461]: Source—1970 Sch.1 1(5)-(7); 1975 Sch.2 4(5), (6)
[^c21636471]: Source—1975 Sch.2 4(1)
[^c21636481]: Source—1970 Sch.1 2; 1975 Sch.2 4(7), (8)
[^c22224091]: Words in [Sch. 15 para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/2/2) substituted (with effect as mentioned in [s. 167(12)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/12) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(7)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/7/b); [S.I. 2001/3643](https://www.legislation.gov.uk/uksi/2001/3643), [art. 2(a)](https://www.legislation.gov.uk/uksi/2001/3643/article/2/a)
[^c21636491]: Source—1975 Sch.2 4(1)
[^c21636621]: Source—1970 ss.334(2)–(4), 337(5)(a), Sch.1 3, 3A; 1984 s.72(a); 1985 s.41(4), (6), Sch.10 Pt.I; 1979/1576
[^c21636631]: Words in [Sch. 15 para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/1) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 19(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/19/2); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21636641]: [Sch. 15 para. 3(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/1/c) and word preceding it repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 9 para. 4(1)(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/4/1/2), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 7
[^c22783601]: [Sch. 15 para. 3(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/2/c) repealed (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 3](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/3), [Sch. 29 Pt. 8(6)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/6)
[^c21636701]: Words in [Sch. 15 para. 3(2)(c)(4)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/2/c/4/c) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 19(3)(4)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/19/3/4); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21636711]: [Sch. 15 para. 3(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/4A) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 19(5)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/19/5); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21636541]: Words in [Sch. 15 para. 3(8)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/8/b/ii) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 49(5)](https://www.legislation.gov.uk/ukpga/1990/29/section/49/5)
[^c23394081]: [Sch. 15 para. 3(8)(b)(iii)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/8/b/iii/c) and word preceding para. (b)(iii) repealed (retrospectively with effect in accordance with s. 172(6) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 172(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/3), [Sch. 43 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/13), Note 3
[^c21636781]: [Sch. 15 para. 4(3)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/4/3/b/i) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 paras. 19(6)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/19/6), [22](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/22); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c22783611]: Words in [Sch. 15 para. 4(3)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/4/3/b/i) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 47(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/47/2)
[^c21636821]: Source—1970 Sch.1, 3; 1985 s.41(4)
[^c21636831]: Words in [Sch. 15 para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/6/1) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 19(7)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/19/7); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21636851]: Source—FSA 1974 s.64(2B); 1985 s.41(1); 1987 s.30(6)
[^c23820431]: [Sch. 15 para. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/6A) inserted (with effect in accordance with [s. 178](https://www.legislation.gov.uk/ukpga/2012/14/section/178) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 18 para. 13(6)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/18/paragraph/13/6)
[^c21636861]: Source—1970 Sch.1 4; 1976 Sch.4 12
[^c21636871]: Source—1975 Sch.2 7; 1976 Sch.4 19(4)
[^c22783711]: [Sch. 15 para. 8A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/8A) power exercised: 1.12.2001 appointed by [S.I. 2001/3643](https://www.legislation.gov.uk/uksi/2001/3643), [art. 2(c)](https://www.legislation.gov.uk/uksi/2001/3643/article/2/c)
[^c22783691]: [Sch. 15 para. 8A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/8A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(8)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/8)
[^c21636881]: Source—1970 Sch.1 5
[^c21636891]: Source—1976 Sch.4 2, 2A; 1978 Sch.3 4; 1982 s.35(1)
[^c22783631]: Words in [Sch. 15 para. 11(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/11/1) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 47(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/47/3)
[^c21636911]: [1974 c. 49](https://www.legislation.gov.uk/ukpga/1974/49).
[^c21636921]: Source—1970 Sch.1 6, 7
[^c23820501]: Words in [Sch. 15 para. 12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/12) inserted (retrospectively with effect in accordance with [s. 172(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 172(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/1)
[^c23820531]: Words in [Sch. 15 para. 12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/12) heading substituted (retrospectively with effect in accordance with [s. 172(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 172(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/2)
[^c21636931]: Source—1980 s.30; 1984 s.74; 1982 s.35(3)
[^c22783651]: Words in [Sch. 15 para. 14(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/14/3) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 47(4)](https://www.legislation.gov.uk/uksi/2001/3629/article/47/4)
[^c22783671]: [Sch. 15 para. 14(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/14/3A) inserted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 47(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/47/5)
[^c21636961]: Source—1970 Sch.1 8
[^c21636971]: Source—1984 s.72(9)(a)
[^c21636981]: Source—1970 Sch.1 9(1), (2)
[^c21636991]: Word in [Sch. 15 para. 17(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/17/2/a) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [10](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/10)
[^c21637001]: Source—1970 Sch.1 9(3); 1984 s.76(3), (6)
[^c23820571]: Words in [Sch. 15 para. 17(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/17/3/c) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c21637011]: Source—1975 Sch.2 5
[^c21637021]: Source—1970 Sch.1 10
[^c21637031]: Word in [Sch. 15 para. 18(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/18/2) substituted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [11](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/11)
[^c22224111]: [Sch. 15 para. 18(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/18/3/c) and preceding word inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/9)
[^c22783721]: [Sch. 15 para. 18(3)(c)(i)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/18/3/c/i) power exercised: 1.12.2001 appointed by [S.I. 2001/3643](https://www.legislation.gov.uk/uksi/2001/3643), [art. 2(c)](https://www.legislation.gov.uk/uksi/2001/3643/article/2/c)
[^c23820691]: [Sch. 15 para. 18(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/18/3/d) and preceding word inserted (partly retrospective, and otherwise with effect in accordance with [s. 87(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/87/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 87(2)(4)(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/87/2/4/6)
[^c23820671]: [Sch. 15 para. 18(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/18/4) inserted (retrospectively with effect in accordance with [s. 172(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 172(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/4)
[^c21637041]: Source—1975 Sch.2 3
[^c21637051]: Source—1982 s.34
[^c23820991]: [Sch. 15 para. 20ZA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/20ZA) and preceding cross-heading inserted (1.4.2011 with effect in accordance with art. 15(2) of the amending S.I.) by The Enactment of Extra-[Statutory Concessions Order 2011 (S.I. 2011/1037)](https://www.legislation.gov.uk/uksi/2011/1037), [arts. 1](https://www.legislation.gov.uk/uksi/2011/1037/article/1), [15(1)](https://www.legislation.gov.uk/uksi/2011/1037/article/15/1)
[^c23821011]: [Sch. 15 paras. B1-B3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/B1), cross-headings and preceding heading inserted (17.7.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 9 para. 3](https://www.legislation.gov.uk/ukpga/2013/29/schedule/9/paragraph/3)
[^c23820951]: [Sch. 15 para. 20A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/20A) and preceding cross-heading inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 233](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/233) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23820741]: [Sch. 15 para. 21](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/21) repealed (with effect in accordance with s. 55(1)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(7)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/7), Note (as s. 55 of that repealing Act is amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c23820721]: [Sch. 15 para. 22](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/22) repealed (with effect in accordance with s. 55(1)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(4)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/4/9), [Sch. 29 Pt. 8(7)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/7), Note (as s. 55 of that repealing Act is amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c21637101]: Source—1984 Sch.15 Pt.II 1
[^c21637111]: Source—1975 Sch.2 1A; 1984 Sch.5 Pt.I
[^c22783761]: [Sch. 15 para. 24(2)(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/24/2/2A) substituted for para. 24(2) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(5)(a)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/5/a/9) (as amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c22783871]: Words in [Sch. 15 para. 24(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/24/2A) substituted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/2)
[^c22783781]: Words in [Sch. 15 para. 24(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/24/3) repealed (with effect in accordance with s. 55(1)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(5)(b)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/5/b/9), [Sch. 29 Pt. 8(7)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/7), Note (as s. 55 of that repealing Act is amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c23821121]: Words in [Sch. 15 para. 24(3)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/24/3/b/c) substituted (with effect in accordance with [s. 155(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/155/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 1(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/1/4)
[^c22783811]: [Sch. 15 para. 24(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/24/4) repealed (with effect in accordance with s. 55(1)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(5)(b)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/5/b/9), [Sch. 29 Pt. 8(7)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/7), Note (as s. 55 of that repealing Act is amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c21637121]: Source—1984 Sch.15 Pt.II 2-4
[^c22783831]: [Sch. 15 para. 25(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/25/2) substituted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(6)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/6/9) (as amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c22783891]: Words in [Sch. 15 para. 25(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/25/2) substituted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/2)
[^c22783851]: Word in [Sch. 15 para. 27(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/27/1) substituted (except for specified purposes) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(7)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/7/9) (as amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c21636431]: [Sch. 15](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15) modified by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/5) (2)
[^c22783591]: [Sch. 15](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15) modified (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 4(2)(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/4/2/3)
[^c23820911]: [Sch. 15 Pt. A1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/part/A1) inserted (17.7.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 9 para. 2](https://www.legislation.gov.uk/ukpga/2013/29/schedule/9/paragraph/2)
[^c23821411]: [Sch. 15A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 345](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/345), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23821671]: [Sch. 15B Pt. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/part/1) (paras. 1-6) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 234](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/234), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23821711]: [Sch. 15B paras. 7-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/7) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 346(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/346/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23821731]: [Sch. 15B paras. 7-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/7) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 346(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/346/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23821741]: [Sch. 15B paras. 7-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/7) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 346(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/346/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22784011]: [Sch. 15B Pt. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/part/2) applied (1.5.1995) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 151A(6)](https://www.legislation.gov.uk/ukpga/1992/12/section/151A/6) (as inserted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 72(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/72/3))
[^c23821751]: [Sch. 16](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 235](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/235), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23838611]: [Sch. 17A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/17A) repealed and replaced (with effect in accordance with Sch. 27 Pt. 3(28) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 117(1)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/1/c), [Sch. 18](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28)
[^c23822181]: [Sch. 19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19) repealed by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [ss. 103](https://www.legislation.gov.uk/ukpga/1989/26/section/103), [187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Pt. V](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/V), Notes 1, 3
[^c21638151]: [Sch. 19AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA) inserted (for accounting periods beginning on or after 1 January 1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch.7 paras. 6](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/6), [10](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/10)
[^c23822571]: [Sch. 19AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 55](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/55), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c22799861]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (with effect in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art. 2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c22799851]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) repealed (with effect in accordance with s. 87(2)-(5) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 87(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/87/1), [Sch. 33 Pt. 2(12)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/12), Note (the provisions of Sch. 19AB not applying in relation to tax credits in respect of distributions made on or after 6th April 2004)
[^c21638371]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c23822971]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) repealed (31.12.2006 with effect in accordance with reg. 1 of the repealing S.I.) by [The Overseas Life Insurance Companies Regulations 2006 (S.I. 2006/3271)](https://www.legislation.gov.uk/uksi/2006/3271), [reg. 43(1)](https://www.legislation.gov.uk/uksi/2006/3271/regulation/43/1), [Sch. Pt. 1](https://www.legislation.gov.uk/uksi/2006/3271/schedule/part/1)
[^c21638581]: [Sch. 19A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A) inserted (1988-89 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 58(4)(a)(5)](https://www.legislation.gov.uk/ukpga/1988/39/section/58/4/a/5), [Sch. 5](https://www.legislation.gov.uk/ukpga/1988/39/schedule/5)
[^c21638591]: [Sch. 19A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A) repealed and superseded (with [Sch. 19](https://www.legislation.gov.uk/ukpga/1993/34/schedule/19) of the amending Act) (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 173(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/173/2), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(12)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/12) Note 5
[^c23822991]: Words in [Sch. 19B para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/1/1) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(4)(a)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/4/a)
[^c23823011]: Words in [Sch. 19B para. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/1/2) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(4)(b)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/4/b)
[^c23823631]: Words in [Sch. 19B para. 2(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/2/b) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 236](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/236) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23823031]: Words in [Sch. 19B para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/3/1) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(5)(a)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/5/a)
[^c23823051]: Words in [Sch. 19B para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/3/1) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(5)(b)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/5/b)
[^c23823071]: [Sch. 19B para. 3(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/3/3/4) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(5)(c)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/5/c)
[^c23823091]: Words in [Sch. 19B para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/6/2) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/6)
[^c23823111]: Words in [Sch. 19B para. 15(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/15/2) substituted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(7)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/7)
[^c23823131]: [Sch. 19B para. 16(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/16/2A) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(8)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/8)
[^c23823151]: [Sch. 19B para. 22(4)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/22/4) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(10)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/10)
[^c23823171]: [Sch. 19B para. 18A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/18A) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(9)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/9)
[^c22776191]: [Sch. 21 para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/21/paragraph/3) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 43](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/43), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c22781711]: Words in [Sch. 21 para. 6(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/21/paragraph/6/1/a) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 65](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/65)
[^c22780141]: Words in [Sch. 21 para. 6(1)(b)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/21/paragraph/6/1/b/3) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22774581]: [Sch. 21 para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/21/paragraph/6/2) repealed (with effect in accordance with s. 164(1)(2) of the repealing Act) by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s. 164(4)(5)](https://www.legislation.gov.uk/ukpga/1990/1/section/164/4/5), [Sch. 2](https://www.legislation.gov.uk/ukpga/1990/1/schedule/2)
[^c21638971]: Source—[1970 c.10](https://www.legislation.gov.uk/ukpga/1970/10), [Sch.11](https://www.legislation.gov.uk/ukpga/1970/10/schedule/11)
[^c23824201]: [Sch. 22](https://www.legislation.gov.uk/ukpga/1988/1/schedule/22) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23824221]: [Sch. 23](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23826351]: [Sch. 23ZA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23ZA) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c21639191]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c23316941]: Words in [Sch. 24 para. 1(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/3) substituted (with effect in accordance with [s. 154(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 28 para. 6](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/6)
[^c23317001]: [Sch. 24 para. 1(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/3A) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/2)
[^c23317431]: Words in [Sch. 24A para. 1(3A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24A/paragraph/1/3A/a) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317451]: [Sch. 24 para. 1(3A)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/3A/b/i) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/4/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317491]: Words in [Sch. 24 para. 1(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/3A) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317511]: Words in [Sch. 24 para. 1(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/4/a) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317531]: [Sch. 24 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/4/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/8); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317551]: Words in [Sch. 24 para. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(9)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/9); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23826371]: Words in [Sch. 24 para. 1(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/5) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23317061]: [Sch. 24 para. 1(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/6) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/3)
[^c23317181]: Words in [Sch. 24 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/2/1) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/4)
[^c23317571]: Words in [Sch. 24 para. 2(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/2/1/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 18(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/18/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317591]: Words in [Sch. 24 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/2/1) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 18(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/18/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319061]: [Sch. 24 para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/1) excluded (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 116(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/116/3)
[^c23826541]: [Sch. 24 para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/1) restricted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 870(4)(5)](https://www.legislation.gov.uk/ukpga/2009/4/section/870/4/5) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23317241]: [Sch. 24 para. 4(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/1A) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/5)
[^c23317611]: Words in [Sch. 24 para. 4(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/1A/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319081]: [Sch. 24 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/2) modified (29.5.2001 with effect in accordance with reg. 1 of the modifying S.I.) by [The General Insurance Reserves (Tax) Regulations 2001 (S.I. 2001/1757)](https://www.legislation.gov.uk/uksi/2001/1757), [reg. 8(3)](https://www.legislation.gov.uk/uksi/2001/1757/regulation/8/3)
[^c23317281]: Words in [Sch. 24 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/2) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(6)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/6/a)
[^c23317631]: Words in [Sch. 24 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/2) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/3/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317651]: Words in [Sch. 24 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/2) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/3/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317321]: [Sch. 24 para. 4(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/2A) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(7)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/7)
[^c23317731]: [Sch. 24 para. 4(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/2A) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/4), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23316821]: [Sch. 24 para. 4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/3/4) applied (with modifications) (23.3.1995) by [The Exchange Gains and Losses (Alternative Method of Calculation of Gain or Loss) Regulations 1994 (S.I. 1994/3227)](https://www.legislation.gov.uk/uksi/1994/3227), [regs. 1(2)](https://www.legislation.gov.uk/uksi/1994/3227/regulation/1/2), [6](https://www.legislation.gov.uk/uksi/1994/3227/regulation/6)
[^c23317671]: Words in [Sch. 24 para. 4(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/3/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317341]: [Sch. 24 para. 4(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/3A) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/8)
[^c21639461]: [Sch. 24 para. 4A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4A) inserted (27.7.1993 with effect as mentioned in s. 96(2) of the amending act in relation to any accounting period on or after such day as may be appointed under [s. 165(7)(b)](https://www.legislation.gov.uk/ukpga/1993/34/section/165/7/b) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 96(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/96/1/2), [165(7)(b)](https://www.legislation.gov.uk/ukpga/1993/34/section/165/7/b)
[^c23316861]: [Sch. 24 para. 4A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4A) deemed never to have been inserted, by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 6(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/6/3), [Sch. 29 Pt. 8(18)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/18), Note
[^c23318821]: [Sch. 24 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/5) renumbered as para. 5(1) (with effect in accordance with [Sch. 27 para. 12(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/12/1) of the amending Act) by virtue of [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 10](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/10)
[^c23318801]: [Sch. 24 para. 5(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/5/2) inserted (with effect in accordance with [Sch. 27 para. 12(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/12/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 10](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/10)
[^c23318881]: [Sch. 24 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/6) repealed (with application in accordance with Sch. 33 Pt. 2(10) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/10)
[^c23317791]: [Sch. 24 para. 7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/7) repealed (with effect in accordance with Sch. 3 para. 43(4) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 43(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/43/3), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23826381]: Words in [Sch. 24 para. 8(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/8/b) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23318321]: Words in [Sch. 24 para. 9(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/1) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/3/a), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318471]: Words in [Sch. 24 para. 9(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/1/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/3/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317371]: Words in [Sch. 24 para. 9(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/1/c) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(9)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/9)
[^c23318421]: Words in [Sch. 24 para. 9(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/1/3) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318341]: [Sch. 24 para. 9(2)(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/2/5/6) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(4)(7)(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/4/7/8), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318491]: Words in [Sch. 24 para. 9(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/3) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318541]: [Sch. 24 para. 9(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/6); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318721]: [Sch. 24 para. 9(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/7) added (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(9)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/9); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318741]: Words in [Sch. 24 para. 10(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/10/1) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 21(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/21/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317391]: Words in [Sch. 24 para. 10(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/10/1) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/10)
[^c23318761]: Words in [Sch. 24 para. 10(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/10/1/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 21(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/21/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318901]: Words in [Sch. 24 para. 10(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/10/1) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 66(1)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/66/1/a)
[^c23318921]: Words in [Sch. 24 para. 10(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/10/1) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 66(1)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/66/1/b)
[^c23318941]: Words in [Sch. 24 para. 10(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/10/2) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 66(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/66/2)
[^c23317811]: [Sch. 24 para. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/11) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 22](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/22), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23826441]: [Sch. 24 para. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/11A) repealed (with effect in accordance with Sch. 4 para. 24(2) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 11 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/6), Note
[^c23319101]: Words in cross-heading relating to Sch. 24 para. 11A inserted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by virtue of [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 66(3)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/66/3/a)
[^c23317891]: [Sch. 24 para. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/11A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 6(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/6/4)
[^c23318981]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23319001]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23319011]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23319021]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23319031]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23319041]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23319051]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23826401]: [Sch. 24 para. 20](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/20) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 4](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/4), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23318841]: [Sch. 24](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24) modified (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 54(2)-(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/54/2)
[^c21639451]: Source-1984 Sch. 16, 1985 Sch. 14 16
[^c23318021]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) and cross-heading inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 6(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/6/5)
[^c23318781]: [Sch. 24 para. 20](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/20) and cross-heading inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 24](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/24); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23827181]: [Sch. 25 para. 5(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/5/1A) inserted (with effect in accordance with [Sch. 15 para. 10](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/10) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 15 para. 7(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/7/2)
[^c23322261]: Words in [Sch. 25 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/5/2/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 29](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/29); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23827081]: [Sch. 25 para. 5(3)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/5/3) inserted (with effect in accordance with [s. 201(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/201/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 201(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/201/1)
[^c23322851]: Words in [Sch. 25 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2/b) substituted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/5/2/a)
[^c23322871]: Words in [Sch. 25 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2/b) substituted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 5(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/5/2/b)
[^c23322891]: [Sch. 25 para. 6(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2A) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 5(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/5/3)
[^c23827061]: Word in [Sch. 25 para. 6(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2A) repealed (retrospective to 27.11.2002 with effect in accordance with s. 200(2)(3) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/2/3), [Sch. 43 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/5/2)
[^c23826941]: [Sch. 25 para. 6(2A)(d)-(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2A/d) and words inserted (retrospective to 27.11.2002 with effect in accordance with [s. 200(2)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/2/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/2/3)
[^c23827101]: Words in [Sch. 25 para. 6(2A)(e)(2C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2A/e/2C) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23826961]: [Sch. 25 para. 6(2B)(2C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2B/2C) inserted (retrospective to 27.11.2002 with effect in accordance with [s. 200(2)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/2/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 2(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/2/4)
[^c23322911]: Words in [Sch. 25 para. 6(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/3) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 6(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/6/2)
[^c23322411]: Words in [Sch. 25 para. 6(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/3/b) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/4/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322431]: Words in [Sch. 25 para. 6(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/3/b) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/4/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322951]: [Sch. 25 para. 6(4ZA)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4ZA) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/3)
[^c23322521]: [Sch. 25 para. 6(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4A/4B) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/6); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23323001]: [Sch. 25 para. 6(4AA)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4AA) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/5)
[^c23323081]: [Sch. 25 para. 6(4BB)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4BB) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(7)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/7)
[^c23322541]: [Sch. 25 para. 6(4C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4C) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23826981]: Words in [Sch. 25 para. 6(4C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4C) substituted (retrospective to 27.11.2002 with effect in accordance with [s. 200(2)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/2/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 2(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/2/5)
[^c23322581]: Words in [Sch. 25 para. 6(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/5) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(8)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/8/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23323101]: Words in [Sch. 25 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(8)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/8)
[^c23323131]: [Sch. 25 para. 6(5ZB)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/5ZB) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/9)
[^c23322611]: [Sch. 25 para. 6(5A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/5A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(9)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/9); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23323151]: [Sch. 25 para. 6(5B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/5B) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(10)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/10)
[^c23827201]: Words in [Sch. 25 para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/8/1) inserted (with effect in accordance with [Sch. 15 para. 10](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/10) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 15 para. 7(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/7/3)
[^c23322631]: Words in [Sch. 25 para. 8(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/8/3) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 31(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/31/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23827121]: Words in [Sch. 25 para. 8(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/8/4/a) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23827221]: [Sch. 25 para. 8(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/8/5/6) inserted (with effect in accordance with [Sch. 15 para. 10](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/10) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 15 para. 7(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/7/4)
[^c21639571]: Words in [Sch. 25 para. 9(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/9/1/a) substituted (1.8.1989) by [Copyright, Designs and Patents Act 1988 (c. 48)](https://www.legislation.gov.uk/ukpga/1988/48), [s. 305(3)](https://www.legislation.gov.uk/ukpga/1988/48/section/305/3), [Sch. 7 para. 36(9)](https://www.legislation.gov.uk/ukpga/1988/48/schedule/7/paragraph/36/9); [S.I. 1989/816](https://www.legislation.gov.uk/uksi/1989/816), [art. 2](https://www.legislation.gov.uk/uksi/1989/816/article/2)
[^c21639581]: [Sch. 25 para. 9(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/9/1A) inserted (1.8.1989) by [Copyright, Designs and Patents Act 1988 (c. 48)](https://www.legislation.gov.uk/ukpga/1988/48), [s. 305(3)](https://www.legislation.gov.uk/ukpga/1988/48/section/305/3), [Sch. 7 para. 36(9)](https://www.legislation.gov.uk/ukpga/1988/48/schedule/7/paragraph/36/9); [S.I. 1989/816](https://www.legislation.gov.uk/uksi/1989/816), [art. 2](https://www.legislation.gov.uk/uksi/1989/816/article/2)
[^c23322651]: [Sch. 25 para. 9(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/9/1A) substituted (with effect in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 112(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/2)
[^c23322671]: Word in [Sch. 25 para. 9(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/9/3) substituted (with effect in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 112(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/4/a)
[^c23323191]: Words in [Sch. 25 para. 11(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/1) substituted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 8(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/8/2/a)
[^c23322691]: [Sch. 25 para. 11(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/1/c) substituted (with effect in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 112(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/3)
[^c23323231]: Word preceding Sch. 25 para. 11(1)(g) repealed (with effect in accordance with Sch. 31 para. 9(4) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 8(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/8/2/b), [Sch. 40 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/14), Note
[^c23323381]: [Sch. 25 para. 11(1)(g)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/1/g) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2000/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 51(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/51/2)
[^c23323211]: [Sch. 25 para. 11(1)(h)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/1/h) and preceding word added (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 8(2)(c)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/8/2/c)
[^c23323401]: [Sch. 25 para. 11(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/1A) inserted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2000/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 51(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/51/3)
[^c23322711]: Word in [s. 11(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/11/3) substituted (with effect in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 112(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/4/b)
[^c23827001]: [Sch. 25 para. 11(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/3/a) substituted (retrospective to 27.11.2002 with effect in accordance with [s. 200(2)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/2/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 3(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/3/2)
[^c23827021]: [Sch. 25 para. 11(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/3/c) and preceding word added (retrospective to 27.11.2002 with effect in accordance with [s. 200(2)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/2/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 3(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/3/3)
[^c23827141]: Words in [Sch. 25 para. 11(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/3/c) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23322731]: Words in [Sch. 25 para. 12(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/12/1) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 32(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/32/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322751]: Words in [Sch. 25 para. 12(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/12/5/a) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 32(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/32/3/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322771]: Words in [Sch. 25 para. 12(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/12/5/a) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 32(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/32/3/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23827971]: [Sch. 25 Pt. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/part/2) modified (21.7.2009) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 16 para. 17](https://www.legislation.gov.uk/ukpga/2009/10/schedule/16/paragraph/17) (with [Sch. 16 paras. 13-16](https://www.legislation.gov.uk/ukpga/2009/10/schedule/16/paragraph/13), [18-20](https://www.legislation.gov.uk/ukpga/2009/10/schedule/16/paragraph/18))
[^c23827241]: [Sch. 25 Pt. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/part/3) (paras. 13-15) repealed (with effect in accordance with Sch. 15 para. 10 of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 15 para. 8(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/8/2), [Sch. 27 Pt. 2(15)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/15), Note
[^c23321991]: Words in [Sch. 25 para. 16(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/16/2/a) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(6)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/6/a)
[^c23322011]: Words in [Sch. 25 para. 16(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/16/2/b) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(6)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/6/b)
[^c23322041]: [Sch. 25](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25) heading substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 25](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/25); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23828051]: [Sch. 25 Pts. 2A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/part/2A), [2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/part/2B) (paras. 12B-12N) inserted (with effect in accordance with [Sch. 12 para. 14(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/14/2) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 12 para. 3](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/3)
[^c23828071]: [Sch. 25 Pt. 3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/part/3A) (paras. 15A-15G) inserted (with effect in accordance with [Sch. 12 para. 14(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/14/2) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 12 para. 8](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/8)
[^c23319251]: [Sch. 26 para. 1(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/1/c) and preceding word repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 34(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/34/2/a), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319271]: Words in [Sch. 26 para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/1) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 34(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/34/2/b), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319231]: Words in [Sch. 26 para. 1(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/2/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 34(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/34/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23828091]: [Sch. 26 para. 1(3)(cc)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/3/cc) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 38(2)
[^c23319211]: Word at the end of Sch. 26 para. 1(3)(d) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c23319191]: [Sch. 26 para. 1(3)(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/3/f) and preceding word inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 53](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/53) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23319291]: [Sch. 26 para. 1(4)(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/4/6) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 34(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/34/4/5), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21639601]: Source—1984 Sch.18.
[^c23319341]: [Sch. 26 para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/2) repealed (with effect in accordance with Sch. 3 para. 44(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 44(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/44/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note (with Sch. 3 para. 44(4))
[^c23319361]: [Sch. 26 para. 3(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3/1/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 35(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/35/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319381]: Words in [Sch. 26 para. 3(1)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3/1/b/c) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 35(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/35/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319411]: Words in [Sch. 26 para. 3(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3/1/d) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 35(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/35/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21639621]: Words in [Sch. 26 para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(62)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/62) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23319441]: Words in [Sch. 26 para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3/3) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 35(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/35/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319461]: Words in [Sch. 26 para. 3(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 35(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/35/6); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319481]: [Sch. 26 para. 3(6A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3/6A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 35(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/35/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319501]: [Sch. 26 para. 4(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/4/1/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 36(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/36/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319521]: Words in [Sch. 26 para. 4(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/4/1/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 36(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/36/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319541]: Words in [Sch. 26 para. 4(2)(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/4/2/5/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 36(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/36/4/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23831011]: [Sch. 28A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A) heading substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(11)
[^c23835841]: [Sch. 28B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 240](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/240), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23838041]: [Sch. 29 paras. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/2) repealed by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s. 164](https://www.legislation.gov.uk/ukpga/1990/1/section/164), [Sch. 2](https://www.legislation.gov.uk/ukpga/1990/1/schedule/2)
[^c23838141]: [Sch. 29 para. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/4) repealed (with effect in accordance with s. 90 of the repealing Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 19 Pt. 5](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/5), Note 2
[^c23837361]: [Sch. 29 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/5) repealed by [Copyright, Designs and Patents Act 1988 (c. 48)](https://www.legislation.gov.uk/ukpga/1988/48), [Sch. 8](https://www.legislation.gov.uk/ukpga/1988/48/schedule/8); [S.I. 1989/816](https://www.legislation.gov.uk/uksi/1989/816)
[^c23835881]: [Sch. 29 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/6) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23837371]: [Sch. 29 para. 7(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/7/1/3) repealed (1988-89 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Pt. 4](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14/part/4), Note 9
[^c21639901]: Words in [Sch. 29 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/8) substituted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [13](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/13)
[^c22809691]: Words in [Sch. 29 para. 10(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/10/3) repealed (with effect in accordance with Sch. 27 Pt. 3(28) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28)
[^c21639921]: [Sch. 29 para. 10(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/10/4/b) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c22809701]: [Sch. 29 para. 10(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/10/7) repealed (with effect in accordance with Sch. 27 Pt. 3(28) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28)
[^c21639931]: [Sch. 29 para. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/11) repealed (1.1.1994) by [Friendly Societies Act 1992 (c. 40)](https://www.legislation.gov.uk/ukpga/1992/40), [s. 120(2)](https://www.legislation.gov.uk/ukpga/1992/40/section/120/2), [Sch. 22 Pt. I](https://www.legislation.gov.uk/ukpga/1992/40/schedule/22/part/I) (with [ss. 7(5)](https://www.legislation.gov.uk/ukpga/1992/40/section/7/5), [93(4)](https://www.legislation.gov.uk/ukpga/1992/40/section/93/4)); [S.I. 1993/2213](https://www.legislation.gov.uk/uksi/1993/2213), [art. 2(1)](https://www.legislation.gov.uk/uksi/1993/2213/article/2/1), [Sch.6](https://www.legislation.gov.uk/uksi/1993/2213/schedule/6) Appendix
[^c21639941]: [Sch. 29 para. 12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/12) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21639971]: [Sch. 29 para. 14](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/14) repealed (1.7.1992) by [Social Security (Consequential Provisions) (Northern Ireland) Act 1992 (c. 9)](https://www.legislation.gov.uk/ukpga/1992/9), [ss. 3](https://www.legislation.gov.uk/ukpga/1992/9/section/3), [7(2)](https://www.legislation.gov.uk/ukpga/1992/9/section/7/2), [Sch.1](https://www.legislation.gov.uk/ukpga/1992/9/schedule/1) (with [Sch. 3 paras. 2](https://www.legislation.gov.uk/ukpga/1992/9/schedule/3/paragraph/2), [4](https://www.legislation.gov.uk/ukpga/1992/9/schedule/3/paragraph/4))
[^c21639981]: [Sch. 29 para. 15](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/15) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21639991]: [Sch. 29 para. 16](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/16) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640001]: [Sch. 29 para. 17](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/17) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640011]: [Sch. 29 para. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/18) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640021]: [Sch. 29 para. 19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/19) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640031]: [Sch. 29 para. 20](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/20) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640041]: [Sch. 29 para. 21](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/21) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640051]: [Sch. 29 para. 22](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/22) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640061]: [Sch. 29 para. 23](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/23) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640071]: [Sch. 29 para. 24](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/24) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640081]: [Sch. 29 para. 25](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/25) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640091]: [Sch. 29 para. 26](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/26) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640101]: [Sch. 29 para. 27](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/27) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640111]: [Sch. 29 para. 28](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/28) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c22809711]: Entry in Sch. 29 para. 32 repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c21642601]: Entry in Sch. 29 para. 32 Table repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 81](https://www.legislation.gov.uk/ukpga/1991/31/section/81), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 1
[^c22809721]: Entries in Sch. 29 para. 32 repealed (with effect in accordance with Sch. 18 para. 17 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/8), Note
[^c21642651]: Entries in Sch. 29 para. 32 repealed (6.3.1992 with effect as mentioned in s. 289(1)(2) of the repealing Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [172](https://www.legislation.gov.uk/ukpga/1992/12/section/172), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27)).
[^c21642831]: Entry in Sch. 29 para. 32 repealed (1.7.1992) by [Social Security (Consequential Provisions) Act 1992 (c. 6)](https://www.legislation.gov.uk/ukpga/1992/6), [ss. 3](https://www.legislation.gov.uk/ukpga/1992/6/section/3), [7(2)](https://www.legislation.gov.uk/ukpga/1992/6/section/7/2), [Sch. 1](https://www.legislation.gov.uk/ukpga/1992/6/schedule/1) and by [Social Security (Consequential Provisions) (Northern Ireland) Act 1992 (c. 9)](https://www.legislation.gov.uk/ukpga/1992/9), [ss. 3](https://www.legislation.gov.uk/ukpga/1992/9/section/3), [7(2)](https://www.legislation.gov.uk/ukpga/1992/9/section/7/2), [Sch. 1](https://www.legislation.gov.uk/ukpga/1992/9/schedule/1)
[^c23835901]: [Sch. 29 para. 32](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/32) Table: entries repealed (25.7.2003 for specified purposes, 29.12.2003 for further specified purposes) by [Communications Act 2003 (c. 21)](https://www.legislation.gov.uk/ukpga/2003/21), [ss. 406(7)](https://www.legislation.gov.uk/ukpga/2003/21/section/406/7), [411](https://www.legislation.gov.uk/ukpga/2003/21/section/411), [Sch. 19(1)](https://www.legislation.gov.uk/ukpga/2003/21/schedule/19/1),(with transitional provisions in Sch. 18); [S.I. 2003/1900](https://www.legislation.gov.uk/uksi/2003/1900), [art. 1(2)](https://www.legislation.gov.uk/uksi/2003/1900/article/1/2), [2(1)](https://www.legislation.gov.uk/uksi/2003/1900/article/2/1), [3(1)](https://www.legislation.gov.uk/uksi/2003/1900/article/3/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/1900/schedule/1) (with [art. 3(2)](https://www.legislation.gov.uk/uksi/2003/1900/article/3/2) (as amended ([8](https://www.legislation.gov.uk/uksi/2003/1900/article/8).[12](https://www.legislation.gov.uk/uksi/2003/1900/article/12).[2003](https://www.legislation.gov.uk/uksi/2003/1900/article/2003)) by [S.I. 2003/3142](https://www.legislation.gov.uk/uksi/2003/3142), [art. 1(3)](https://www.legislation.gov.uk/uksi/2003/3142/article/1/3))); [S.I. 2003/3142](https://www.legislation.gov.uk/uksi/2003/3142), [art. 3(2)](https://www.legislation.gov.uk/uksi/2003/3142/article/3/2) (with [art. 11](https://www.legislation.gov.uk/uksi/2003/3142/article/11))
[^c23835981]: [Sch. 29 para. 32](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/32) Table: entries repealed (15.9.2003) by [Enterprise Act 2002 (c. 40)](https://www.legislation.gov.uk/ukpga/2002/40), [s. 279](https://www.legislation.gov.uk/ukpga/2002/40/section/279), [Sch. 26](https://www.legislation.gov.uk/ukpga/2002/40/schedule/26): [S.I. 2003/2093](https://www.legislation.gov.uk/uksi/2003/2093), [art. 2(1)](https://www.legislation.gov.uk/uksi/2003/2093/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/2093/schedule/1) (with [art. 4](https://www.legislation.gov.uk/uksi/2003/2093/article/4))
[^c21643261]: Entry in Sch. 29 para. 32 repealed (1.7.1992) by [Social Security (Consequential Provisions) Act 1992 (c. 6)](https://www.legislation.gov.uk/ukpga/1992/6), [ss. 3](https://www.legislation.gov.uk/ukpga/1992/6/section/3), [7(2)](https://www.legislation.gov.uk/ukpga/1992/6/section/7/2), [Sch. 1](https://www.legislation.gov.uk/ukpga/1992/6/schedule/1)
[^c21643301]: Entry in Sch. 29 para. 32 repealed (1.7.1992) by [Social Security (Consequential Provisions) (Northern Ireland) Act 1992 (c. 9)](https://www.legislation.gov.uk/ukpga/1992/9), [ss. 3](https://www.legislation.gov.uk/ukpga/1992/9/section/3), [7(2)](https://www.legislation.gov.uk/ukpga/1992/9/section/7/2), [Sch. 1](https://www.legislation.gov.uk/ukpga/1992/9/schedule/1)
[^c22809731]: [Sch. 30 paras. 10-12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/10) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c22809741]: [Sch. 30 paras. 10-12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/10) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c22809751]: [Sch. 30 paras. 10-12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/10) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c23836281]: [Sch. 30 paras. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/18), [18A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/18A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 352(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/352/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23836301]: [Sch. 30 paras. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/18), [18A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/18A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 352(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/352/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21818231]: [Sch. 30 para. 18A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/18A) inserted by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s. 164](https://www.legislation.gov.uk/ukpga/1990/1/section/164), [Sch. 1 para. 8(43)](https://www.legislation.gov.uk/ukpga/1990/1/schedule/1/paragraph/8/43)
[^c23377111]: [Sch. A2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/A2) inserted (with effect in accordance with [s. 28(4)(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/28/4/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 28(2)(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/28/2/6), [Sch. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/3)
[^c22747341]: [Sch. 4A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4A) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 71(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/71/2), [Sch. 24 para. 1](https://www.legislation.gov.uk/ukpga/2001/9/schedule/24/paragraph/1)
[^c22746961]: [Sch. 5AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA) inserted (with effect in accordance with [s. 80(6)(7)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/6/7) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 80(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/2), [Sch. 11](https://www.legislation.gov.uk/ukpga/1997/16/schedule/11)
[^c22746191]: [Sch. 5A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5A) inserted (with effect in accordance with [s. 85(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/85/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 85(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/85/2), [Sch. 19](https://www.legislation.gov.uk/ukpga/1995/4/schedule/19)
[^c22747251]: [Sch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7A) inserted (with effect in accordance with [s. 57(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 57(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/1), [Sch. 10 para. 5(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/10/paragraph/5/2)
[^c22747091]: [Sch. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11) substituted (with effect in accordance with [s. 58(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/58/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 58(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/58/2), [Sch. 9 Pt. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/9/part/1)
[^c22747351]: [Sch. 12AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12AA) inserted (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 57(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/2), [Sch. 12 Pt. 1](https://www.legislation.gov.uk/ukpga/2001/9/schedule/12/part/1)
[^c22747141]: [Sch. 12A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A) inserted (with effect in accordance with [s. 61(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/61/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 61(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/61/2), [Sch. 10](https://www.legislation.gov.uk/ukpga/1998/36/schedule/10)
[^c22747001]: [Sch. 13A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A) inserted (with effect in accordance with [Sch. 25 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/25/paragraph/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 139](https://www.legislation.gov.uk/ukpga/1996/8/section/139), [Sch. 25 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/25/paragraph/2)
[^c22747231]: [Sch. 13B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B) inserted (with effect in accordance with [s. 30(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/30/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 30(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/30/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/1999/16/schedule/3)
[^c22734791]: [Sch. 15A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 12 para. 6(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/12/paragraph/6/2)
[^c22746341]: [Sch. 15B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B) inserted (with effect in accordance with [s. 71(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/71/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 71(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/71/2), [Sch. 15](https://www.legislation.gov.uk/ukpga/1995/4/schedule/15)
[^c22768001]: [Sch. 17A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/17A) inserted (with effect in accordance with [s. 100(4)](https://www.legislation.gov.uk/ukpga/1990/29/section/100/4) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 100(3)](https://www.legislation.gov.uk/ukpga/1990/29/section/100/3), [Sch. 15](https://www.legislation.gov.uk/ukpga/1990/29/schedule/15); [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/b)
[^c23377151]: [Sch. 19B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 286(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/286/3), [Sch. 38](https://www.legislation.gov.uk/ukpga/2004/12/schedule/38)
[^c22747271]: [Sch. 23ZA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23ZA) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 61](https://www.legislation.gov.uk/ukpga/2000/17/section/61), [Sch. 13 para. 27](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/27) (with [Sch. 13 paras. 28](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/28), [29](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/29))
[^c22746361]: [Sch. 28B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 70(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/70/2), [Sch. 14](https://www.legislation.gov.uk/ukpga/1995/4/schedule/14)
[^c21568171]: [S. 6](https://www.legislation.gov.uk/ukpga/1988/1/section/6) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 1(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/1/2), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21568181]: Table K Vol.1.*See*—[Trustee Savings Bank Act 1985 (c.58)](https://www.legislation.gov.uk/ukpga/1985/58) s.5*and* Sch.2 para.6(2).1990(C) s.92—*balancing charge on a person liable to corporation tax in respect of dwelling houses let on assured tenancies to be made under* Sch.A.
[^c21568191]: Source—1970 s.238
[^c21568201]: *See* 1988(F) s.148*and* Sch.14 Part V*for repeals which will take place from* 6*April* 1993.
[^c21819241]: Words in [s. 6(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/6/4) repealed (with effect in accordance with Sch. 8 Pt. 2(4) Note of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 52](https://www.legislation.gov.uk/ukpga/1997/58/section/52), [Sch. 8](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8)
[^c21819261]: Words in [s. 6(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/6/4) repealed (with application in accordance with Sch. 33 Pt. 2(10) Note of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 110](https://www.legislation.gov.uk/ukpga/2001/9/section/110), [Sch. 33](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33)
[^c21568221]: *See*—1970(M) s.94—*set off to be disregarded in computing penalty for failure to deliver a return.*1990 ss.98*and* 132*and* Sch.19 Part V*for changes in relation to income tax falling to be set off against corporation tax for accounting periods ending after the appointed day* (*see* 1988 s.10).
[^c21819281]: [S. 7(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/7/2) applied (with modifications) (with effect in accordance with s. 105(1) of the applying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 91(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/91/2) (with [Schs. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10), [11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11), [15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21568231]: Source—1982 s.26(7)
[^c21568241]: Source—1970 s.240(7)
[^c21819291]: Words in [s. 7(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/7/2) repealed (with effect as mentioned in Sch. 27 Pt. 3(28) Note of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28)
[^c22720351]: [S. 7(5)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/7/5) repealed (with effect as mentioned in Sch. 27 Pt. 3(28) Note of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28)
[^c23346541]: [S. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/7/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 5](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/5), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23347941]: [S. 7(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/7/2) excluded (1.9.2009) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69Z57](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z57) (as inserted by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2009 (S.I. 2009/2036)](https://www.legislation.gov.uk/uksi/2009/2036), [regs. 1](https://www.legislation.gov.uk/uksi/2009/2036/regulation/1), [24](https://www.legislation.gov.uk/uksi/2009/2036/regulation/24))
[^c21568301]: Source—1970 s.243 (1)-(3), (5)-(7); 1974 s.36; 1987(No. 2) s.90(1)(a)
[^c21568311]: [S. 8(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/8/3): the day appointed for the purposes of s. 8(3) is 30.9.1993 by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/b).
[^c21568321]: [S. 8(4)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/8/4) repealed (27.7.1993 with application in relation to resolutions passed after the day on which [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34) is passed) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 205(7)](https://www.legislation.gov.uk/ukpga/1993/34/section/205/7), [206(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/206/1), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.VI](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/VI)
[^c21568361]: Source—1970 s.250
[^c23332731]: [S. 9(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/3/a/b) substituted for words in s. 9(3) (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 4(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/4/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23332751]: Words in [s. 9(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/3) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 4(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/4/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23333931]: Words in [s. 9(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 7(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/7/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333951]: Words in [s. 9(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 7(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/7/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333871]: Words in [s. 9(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/3/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 7(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/7/3/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333971]: Words in [s. 9(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 7(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/7/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23346571]: Words in [s. 9(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/2) renumbered as s. 9(2)(a) (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by virtue of [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 6(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/6/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23346711]: [S. 9(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/2/b) and preceding word inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/6/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23347211]: Words in [s. 9(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/4) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 6(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/6/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23347231]: Words in [s. 9(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/6) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 6(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/6/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21568511]: *See*—1970(M) s.94(2)—*set off to be disregarded in computing penalty for failure to make a return.*1990 ss.98*and* 132*and* Sch.19 Part V*for changes in relation to income tax falling to be set off against corporation tax for accounting periods ending after the appointed day* (*see* 1988 s.10).
[^c21819641]: [S. 11(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/11/3) applied (with modifications) (with effect in accordance with s. 105(1) of the applying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 91(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/91/2) (with [Schs. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10), [11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11), [15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21568521]: Words in [s. 11(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/11/3) repealed (27.7.1993 with effect in accordance with [s. 103](https://www.legislation.gov.uk/ukpga/1993/34/section/103) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103](https://www.legislation.gov.uk/ukpga/1993/34/section/103), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III)
[^c21568531]: SOURCE-1982 s. 26(7)
[^c21819671]: Words in [s. 11(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/11/3) repealed (with effect as mentioned in Sch. 27 Pt. 3(28) Note of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28)
[^c21568541]: SOURCE-1970 s. 247; 1972 s. 107(1)
[^c21568551]: [1986 c. 45](https://www.legislation.gov.uk/ukpga/1986/45).
[^c21797311]: [S. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) modified (with effect in accordance with reg. 1 of the amending S.I.) by [The Friendly Societies (Taxation of Transfers of Business) Regulations 1995 (S.I. 1995/171)](https://www.legislation.gov.uk/uksi/1995/171), [reg. 4(2)(b)](https://www.legislation.gov.uk/uksi/1995/171/regulation/4/2/b)
[^c21797591]: [S. 12(1)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/1) excluded (28.4.1997) by The Open-ended Investment Companies (Tax) Regulations 1997 (SI 1997/1154), {reg. 25(2)}
[^c21797511]: Words in [s. 12(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/5) inserted (with effect as mentioned in [Sch. 24 para. 11(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/11/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 24 para. 11(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/11/2/a)
[^c21797531]: Words in [s. 12(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/5) substituted (with effect as mentioned in [Sch. 4 para. 11(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/4/paragraph/11/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 24 para. 11(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/11/2/b)
[^c21797571]: [S. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) modified (19.3.1997) by [S.I. 1995/171](https://www.legislation.gov.uk/uksi/1995/171), [reg. 4A](https://www.legislation.gov.uk/uksi/1995/171/regulation/4A) (as inserted by [The Friendly Societies (Taxation of Transfers of Business) (Amendment) Regulations 1997 (S.I. 1997/472)](https://www.legislation.gov.uk/uksi/1997/472), [reg. 4](https://www.legislation.gov.uk/uksi/1997/472/regulation/4))
[^c21797611]: [S. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) modified (with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 4](https://www.legislation.gov.uk/uksi/1997/473/regulation/4) (as amended by [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [art. 154](https://www.legislation.gov.uk/uksi/2001/3629/article/154)); and that modifying reg. 4 is omitted (8.4.2004 with effect in accordance with reg. 1 of the revoking S.I.) by virtue of [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 5](https://www.legislation.gov.uk/uksi/2004/822/regulation/5)
[^c21797631]: Words in [s. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) substituted (with effect in accordance with art. 14(4) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 14(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/14/2)
[^c23332921]: [S. 12(3)(da)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/3/da) inserted (with effect in accordance with [Sch. 41 para. 5(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/5/1) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 41 para. 1(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/1/2)
[^c23332961]: Words in [s. 12(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7) inserted (with effect in accordance with [Sch. 41 para. 5(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/5/1) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 41 para. 1(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/1/4)
[^c23333001]: Words in [s. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) substituted (with effect in accordance with [Sch. 41 para. 5(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/5/1) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 41 para. 1(6)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/1/6)
[^c23334381]: [S. 12(1)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/1) excluded (1.4.2006 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/964/regulation/1/1), [79(2)](https://www.legislation.gov.uk/uksi/2006/964/regulation/79/2)
[^c23333991]: Words in [s. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) inserted (with effect in accordance with [Sch. 9 para. 20(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 20(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/2)
[^c21568671]: [S. 13](https://www.legislation.gov.uk/ukpga/1988/1/section/13) modified (for the financial year 1991 and subsequent financial years) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 25(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/25/3) [S. 13](https://www.legislation.gov.uk/ukpga/1988/1/section/13) modified (for the financial year 1994 and subsequent financial years) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 86(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/86/3)
[^c21568681]: SOURCE-1972 s. 95; 1973 Sch. 14 2, 4; 1983 (No. 2) s. 2(2); 1987 (No. 2) s. 74(4)
[^c21568691]: 1989 s.105(1)*in relation to accounting periods beginning after* 31*March* 1989.*Previously* “a company resident in the United Kingdom”.
[^c21568701]: *For rates and fractions see* Table K Vol.1.
[^c21568711]: [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) amended (for the financial year 1990) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 23(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/23/2)
[^c21568721]: [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) amended (for the financial year 1991) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 25(1)(b)](https://www.legislation.gov.uk/ukpga/1991/31/section/25/1/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) amended (for the financial year 1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 22(b)](https://www.legislation.gov.uk/ukpga/1992/48/section/22/b). [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 54(b)](https://www.legislation.gov.uk/ukpga/1993/34/section/54/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 86(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/86/1/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1995) by Finance Act 1995 (c. 4,) {s. 38(b)} [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 78(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/78/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 59(b)](https://www.legislation.gov.uk/ukpga/1997/16/section/59/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 28(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/28/2/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1999) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 29(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/29/2/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 36(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/36/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 55(b)](https://www.legislation.gov.uk/ukpga/2001/9/section/55/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 31(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/31/b)
[^c21568771]: [S. 13(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/7) amended (27.7.1993 with application as mentioned in s. 78(11) of the Amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 78(6)(11)](https://www.legislation.gov.uk/ukpga/1993/34/section/78/6/11)
[^c21834881]: Words in [s. 13(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/3) substituted (with effect in accordance with [s. 86(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/86/3) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 86(2)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/86/2/a)
[^c21834911]: Words in [s. 13(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/3) substituted (with effect in accordance with [s. 86(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/86/3) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 86(2)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/86/2/b)
[^c21845781]: [S. 13(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/4/5) applied (with effect in accordance with s. 579 of the affecting Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 99(5)](https://www.legislation.gov.uk/ukpga/2001/2/section/99/5) (with [Sch. 3 paras. 54](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/54), [55](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/55)) [S. 13(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/4/5) applied (with effect in accordance with Sch. 14 para. 10 of the 1997 affecting Act) by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s. 38D(6)](https://www.legislation.gov.uk/ukpga/1990/1/section/38D/6) (as inserted by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 84](https://www.legislation.gov.uk/ukpga/1997/16/section/84), [Sch. 14 para. 2](https://www.legislation.gov.uk/ukpga/1997/16/schedule/14/paragraph/2))
[^c21835911]: Words in [s. 13(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/7) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 138](https://www.legislation.gov.uk/ukpga/1994/9/section/138), [Sch. 16 para. 11(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/11/2)
[^c21842921]: [S. 13(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/8A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 138](https://www.legislation.gov.uk/ukpga/1994/9/section/138), [Sch. 16 para. 11(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/11/3)
[^c21845791]: Words in [s. 13](https://www.legislation.gov.uk/ukpga/1988/1/section/13) (7) repealed (with effect in accordance with [Sch. 6 para. 1(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/1/4) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [ss. 36](https://www.legislation.gov.uk/ukpga/1997/58/section/36), [52](https://www.legislation.gov.uk/ukpga/1997/58/section/52), [Sch. 6](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6). para. 1(2), Sch. 8 Pt. 2(11) Note
[^c21847281]: [S. 13(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/8A) repealed (with effect in accordance with [Sch. 6 para. 1(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/1/4) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [ss. 36](https://www.legislation.gov.uk/ukpga/1997/58/section/36), [52](https://www.legislation.gov.uk/ukpga/1997/58/section/52), [Sch. 6](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6). para. 1(3), Sch. 8 Pt. 2(11) Note
[^c21847351]: Words in [s. 13(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/7) substituted (with effect in accordance with [Sch. 3 para. 7(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/7/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 31](https://www.legislation.gov.uk/ukpga/1998/36/section/31), [Sch. 3 para. 7(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/7/2)
[^c21847421]: [S. 13(8AA)(8AB)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/8AA/8AB) inserted (with effect in accordance with [Sch. 3 para. 7(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/7/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 31](https://www.legislation.gov.uk/ukpga/1998/36/section/31), [Sch. 3 para. 7(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/7/3)
[^c22720361]: [S. 13](https://www.legislation.gov.uk/ukpga/1988/1/section/13) applied (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 28(7)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/28/7/b)
[^c21847461]: [S. 13(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/9) repealed (with effect in accordance with Sch. 20 Pt. 3(2) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 139](https://www.legislation.gov.uk/ukpga/1999/16/section/139), [Sch. 20 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/2)
[^c23334421]: [S. 13](https://www.legislation.gov.uk/ukpga/1988/1/section/13) applied (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 26(10)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/10)
[^c21853121]: Words in [s. 13(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/7/a) repealed (with application in accordance with s. 86(6) and Sch. 33 Pt. 2(11) Note of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 86(2)(a)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/2/a), [Sch. 33 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/11)
[^c21853141]: Words in [s. 13(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/7/b) substituted (with application in accordance with [s. 86(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 86(2)(b)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/2/b)
[^c21853161]: [S. 13(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/7A) inserted (with application in accordance with [s. 86(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 86(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/3)
[^c21853181]: [S. 13(8AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/8AA) substituted (with application in accordance with [s. 86(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 86(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/4)
[^c23334071]: Words in [s. 13A(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/13A/2/b/ii) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [48(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/48/b)
[^c23334031]: Words in [s. 13A(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/13A/2/b/ii) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [48(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/48/a)
[^c23347441]: [S. 13A](https://www.legislation.gov.uk/ukpga/1988/1/section/13A) applied (1.1.2009) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 14B(3)(a)](https://www.legislation.gov.uk/uksi/2006/964/regulation/14B/3/a) (as inserted by [The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159)](https://www.legislation.gov.uk/uksi/2008/3159), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2008/3159/regulation/1/1), [11](https://www.legislation.gov.uk/uksi/2008/3159/regulation/11) (with [regs. 30](https://www.legislation.gov.uk/uksi/2008/3159/regulation/30), [31](https://www.legislation.gov.uk/uksi/2008/3159/regulation/31)))
[^c23334441]: Words in [s. 13A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/13A/1) repealed (with effect in accordance with s. 26(8)-(11) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 26(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/3), [Sch. 26 Pt. 3(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/1), Note
[^c21568881]: SOURCE-1972 s. 84(4)
[^c21568891]: *For rates see* Table J Vol.1.
[^c21568931]: *See* 1980 s.117*and* Sch.18—*demergers.*
[^c21827291]: [S. 14(1)(3)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/14/1/3) repealed (with effect as mentioned in Sch. 3 para. 8(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 31](https://www.legislation.gov.uk/ukpga/1998/36/section/31), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 3 para. 8(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/8/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2) Note
[^c21828901]: [Ss. 15-17](https://www.legislation.gov.uk/ukpga/1988/1/section/15): Schs. A-C excluded (with effect in accordance with s. 230(3) of the excluding Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 219(2)(b)(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/219/2/b/4) (with [s. 220](https://www.legislation.gov.uk/ukpga/1994/9/section/220))
[^c21568981]: SOURCE-1970(1)–(3)
[^c21568991]: *See*—1970(M) s.19—*information for purposes of* Sch.A*and associated* Sch.D*charges.*1990(C ) s.9(5)—*manner of making allowances and charges.*1990(C) s.67(3)—*allowances in respect of leased assets employed for thermal insulation.*1990(C) s.92—*allowances in respect of dwelling houses let on assured tenancies.*
[^c21569021]: [S. 51(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/51/3) repealed (with effect from 6.4.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s.148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part V](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14), Note 1
[^c22720711]: [S. 15(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1): Sch. A substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/1) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22720721]: [S. 15(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1A) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 2](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/2) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22720741]: [S. 15(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/2) repealed (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4)
[^c22720771]: [S. 15(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1): words in Sch. A para. 2(3) repealed (with effect in accordance with s. 79(3) of, and Sch. 23 to, the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 141](https://www.legislation.gov.uk/ukpga/2002/23/section/141), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10)
[^c22720751]: [S. 15(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1): words in Sch. A para. 2(3) substituted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 83(1)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/1/b), [Sch. 27 para. 2](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/2) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c22720781]: [S. 15(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1): words in Sch. A para. 1(4)(b) repealed (S.) (28.11.2004) by [Abolition of Feudal Tenure etc. (Scotland) Act 2000 (asp 5)](https://www.legislation.gov.uk/asp/2000/5), [ss. 71](https://www.legislation.gov.uk/asp/2000/5/section/71), [77(2)](https://www.legislation.gov.uk/asp/2000/5/section/77/2), [Sch. 12 para. 50(2)](https://www.legislation.gov.uk/asp/2000/5/schedule/12/paragraph/50/2), [Sch. 13 Pt. 1](https://www.legislation.gov.uk/asp/2000/5/schedule/13/part/1); [S.S.I. 2003/456](https://www.legislation.gov.uk/ssi/2003/456), [art. 2](https://www.legislation.gov.uk/ssi/2003/456/article/2)
[^c23334701]: [S. 15(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1): Sch. A para. 2(3) excluded (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 120(3)(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/120/3/4)
[^c23347461]: [S. 15(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1): Sch. A para. 2(3) excluded (6.4.2008) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69Z1(3)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z1/3) (as inserted by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I.2008/705)](https://www.legislation.gov.uk/uksi/2008/705), [regs. 1](https://www.legislation.gov.uk/uksi/2008/705/regulation/1), [5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5))
[^c23334081]: Words in [s. 15(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1A/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 8(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/8/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23334101]: Words in [s. 15(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 8(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/8/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23334121]: [S. 15(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/3A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 8(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/8/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23334141]: Words in [s. 15(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 8(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/8/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21569121]: SOURCE-1970 s. 108(1)
[^c21569131]: *See, as regards exemption, the following provisions of this Act:*—s.320—*Commonwealth Agents—General and official agents etc.*[s.322](https://www.legislation.gov.uk/ukpga/1988/1/section/322)—*certain consular officers and employees.*[s.323](https://www.legislation.gov.uk/ukpga/1988/1/section/323)—*visiting forces and staffs of allied headquarters.*[s.325](https://www.legislation.gov.uk/ukpga/1988/1/section/325)—*certain savings bank interest.*[s.326](https://www.legislation.gov.uk/ukpga/1988/1/section/326)—*sums payable under certified contractual saving schemes.*[s.327](https://www.legislation.gov.uk/ukpga/1988/1/section/327)—*interest on damages for personal injuries.*[s.328](https://www.legislation.gov.uk/ukpga/1988/1/section/328)—*funds in court.*[s.330](https://www.legislation.gov.uk/ukpga/1988/1/section/330)—*German annuities in compensation for National Socialist persecution.*[s.438](https://www.legislation.gov.uk/ukpga/1988/1/section/438)—*annuity funds of insurance companies doing pension business.*[s.459](https://www.legislation.gov.uk/ukpga/1988/1/section/459)*to* 461—*certain friendly societies.*[s.467](https://www.legislation.gov.uk/ukpga/1988/1/section/467)—*certain trade unions*[s.476](https://www.legislation.gov.uk/ukpga/1988/1/section/476)—*certain dividends and interest payable by building societies* (*Repealed by* 1990 s.30*and* Sch.5 para.2*for* 1991-92*and subsequent years.*).s.484—*savings banks.*[s.505](https://www.legislation.gov.uk/ukpga/1988/1/section/505)*and* 506—*charities.*[s.507](https://www.legislation.gov.uk/ukpga/1988/1/section/507)—*British Museum.*[s.508](https://www.legislation.gov.uk/ukpga/1988/1/section/508)—*scientific research associations.*[s.510](https://www.legislation.gov.uk/ukpga/1988/1/section/510)—*agricultural societies.*[s.514](https://www.legislation.gov.uk/ukpga/1988/1/section/514)—*funds for reducing National Debt.*[s.517](https://www.legislation.gov.uk/ukpga/1988/1/section/517)—*issue departments of Reserve Bank of India and State Bank of Pakistan.*[s.519](https://www.legislation.gov.uk/ukpga/1988/1/section/519)—*local authorities.*[s.578](https://www.legislation.gov.uk/ukpga/1988/1/section/578)—*housing grants.*[s.581](https://www.legislation.gov.uk/ukpga/1988/1/section/581)—*interest on certain local authority borrowing in foreign currency.*[s.613(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/613/4)—*Parliamentary pension funds.*[s.614](https://www.legislation.gov.uk/ukpga/1988/1/section/614)—*national insurance supplementary schemes etc; and certain Indian family pension funds.*[s.614(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/614/3)—*certain pension funds for Crown service abroad.*[s.614](https://www.legislation.gov.uk/ukpga/1988/1/section/614)*and* 615—*certain pension funds for overseas employees.*[s.620(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/620/5)*and* (6)—*approved retirement annuity trust schemes.*[s.656](https://www.legislation.gov.uk/ukpga/1988/1/section/656)*and* 657—*certain purchased life annuities.*[s.688](https://www.legislation.gov.uk/ukpga/1988/1/section/688)—*certain interest received by trustees of schemes for directors and employees to acquire shares.* *See also*—1989 s.43*for periods of account ending after* 5*April* 1989*involving emoluments.*Income Tax (Repayment of Post-War Credits) Act 1959 s.2(4) (*see* Part II Vol.5)—*interest on post-war credits.*[Diplomatic Privileges Act 1964 (c.81)](https://www.legislation.gov.uk/ukpga/1964/81).[Commonwealth Secretariat Act 1966 (c.10)](https://www.legislation.gov.uk/ukpga/1966/10), [s.1(2)](https://www.legislation.gov.uk/ukpga/1966/10/section/1/2)*and* Sch. Part I para.3—*the Commonwealth Secretariat.*[International Organisations Act 1968 (c.48)](https://www.legislation.gov.uk/ukpga/1968/48)—*certain international organisations and persons connected therewith.*Double taxation agreements (listed in Part III Vol.5)*in force under* ss.788-799*of this Act as to certain persons resident abroad.*
[^c21569141]: *See* 1970(M) Part VIII*as to charges on non-residents.*
[^c21569161]: SOURCE-1970 s. 109(1), (2)
[^c21569171]: *See*—1988 s.79A(4)—*charge on contributor to training and enterprise councils and local enterprise companies who receives benefits in return.*[S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1987 No.530](https://www.legislation.gov.uk/ukcm/1987/530) (*in* Part III Vol.5) regn.8—*computation of profits and gains in respect of payments attributable to non-resident entertainers and sportsmen.*
[^c21569181]: *See*—1989 s.94*and* Sch.11 para.5—*deep gain securities transferred on or after* 14*March* 1989.S.I. [1986 No. 1948](https://www.legislation.gov.uk/ukcm/1986/1948) (*in* Part III Vol.5) regn.8(2)(d)—*interest on cash deposits which are plan investments under personal equity plans.*1990 s.56*and* Sch.10 para.12(4)—*treatment of chargeable events in relation to convertible securities.*[Housing Act 1957 (c.56)](https://www.legislation.gov.uk/ukpga/1957/56) Sch.8 para.4*and* [Housing (Scotland) Act 1966 (c.49)](https://www.legislation.gov.uk/ukpga/1966/49) Sch.7 para.4—*interest on certain small holdings of housing bonds.*[Housing Subsidies Act 1967 (c.29)](https://www.legislation.gov.uk/ukpga/1967/29) s.24(2)(c) (*reproduced in* Part II Vol.5)—*payment received by lender from Minister in respect of subsidised loan.*
[^c21569191]: *See*—1989 s.94*and* Sch.11 para.5—*deep gain securities transferred on or after* 14*March* 1989.1990 s.56*and* Sch.10 paras.12(4)*and* 20—*treatment of chargeable events in relation to income received in the U.K. from convertible securities.*
[^c21569201]: *See also*—1990 ss.9(5)*and* 15—*certain balancing charges on lessors and others in respect of industrial buildings, machinery, etc.*1970(M) s.30—*recovery of overpayment of tax, etc.*1988 s.79A(4)—*charge on contributor to training and enterprise councils and local enterprise companies who receives benefit in return.*1989 ss.68, 71—*charge on certain profits or gains of employee share ownership trusts.*1990(C) s.92(2)—*balancing charge in respect of dwelling houses let on assured tenancies.*[S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1956 No.1230](https://www.legislation.gov.uk/ukcm/1956/1230) (*in* Part III Vol. 5) regns. 4*and* 15—*additional liabilities in respect of purchased life annuities in certain contingencies.*[S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1989 No.469](https://www.legislation.gov.uk/ukcm/1989/469) (*in* Part III Vol. 5) regn.22(3)—*assessments to recover tax in respect of income under personal equity plans.*
[^c21569211]: [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case I extended (with effect for the year 1992-93 and subsequent years of assessment) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 171(2)(a)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/171/2/a/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case I restricted (with effect for the year 1992-93 and subsequent years of assessment) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 171(2)(b)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/171/2/b/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case 1 extended (with application in accordance with s. 219(4) of the extending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 219(2)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/219/2/a) (with [s. 220](https://www.legislation.gov.uk/ukpga/1994/9/section/220)) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case I modified (29.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [ss. 135](https://www.legislation.gov.uk/ukpga/1996/55/section/135), [149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 19](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/19) (with [s. 43(6)](https://www.legislation.gov.uk/ukpga/1996/55/section/43/6)) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Cases I, II, VI extended (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 47(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/47/4) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Cases I, II restricted (with application in accordance with s. 42(3) of the restricting Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 42(1)(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/42/1/2) (with [s. 42(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/42/4/5)) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Cases I, III, V modified (with effect in accordance with s. 117(4)(5) of the modifying Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 117(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/1), [Sch. 18 para. 84](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18/paragraph/84) (with [Sch. 18 para. 59(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18/paragraph/59/2)) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Cases I, VI restricted (with application in accordance with s. 46(7) of the restricting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 46(1)-(6)](https://www.legislation.gov.uk/ukpga/2000/17/section/46/1)
[^c21792421]: [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Cases II-VI excluded (with effect in accordance with s. 230(3) of the excluding Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 219(2)(b)(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/219/2/b/4) (with [s. 220](https://www.legislation.gov.uk/ukpga/1994/9/section/220))
[^c21569221]: [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case VI extended (16.7.1992 with effect in relation to chargeable periods ending after 10.3.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 66](https://www.legislation.gov.uk/ukpga/1992/48/section/66), [Sch. 12 paras. 1](https://www.legislation.gov.uk/ukpga/1992/48/schedule/12/paragraph/1), [3(1)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/12/paragraph/3/1), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/12/paragraph/7). [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case VI extended (27.7.1993 with effect as mentioned in [s. 165](https://www.legislation.gov.uk/ukpga/1993/34/section/165) of the amending Act) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 130(2)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/130/2/4), [165](https://www.legislation.gov.uk/ukpga/1993/34/section/165) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case VI restricted (27.7.1993) by [Agriculture Act 1993 (c. 37)](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 paras. 19(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/paragraph/19/2), [20(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/paragraph/20/2) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case VI extended (with application in accordance with Sch. 20 para. 11(1)(2) of the extending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218), [Sch. 20 para. 11(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/11/3) (with [Sch. 20 para. 12(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/12/2)) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case VI extended (with effect in accordance with s. 117(4)(5) of the extending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 117(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/1), [Sch. 18 para. 52(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18/paragraph/52/4) (with [Sch. 18 para. 59(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18/paragraph/59/2)) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case VI extended (with effect in accordance with s. 579 of the extending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [ss. 256(2)(b)(4)](https://www.legislation.gov.uk/ukpga/2001/2/section/256/2/b/4) (with [Sch. 3 paras. 54](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/54), [55](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/55))
[^c21569241]: SOURCE-1970 ss. 108(3), 109(3)
[^c21792911]: [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D excluded (with effect in accordance with s. 39(4)(5) of the excluding Act) by [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 588(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/4A) (as inserted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/24))
[^c21792731]: [S. 18(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3): words in Sch. D Case I inserted (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 2](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/2)
[^c21792851]: [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case III extended (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 157(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/157/7) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case III applied (with effect as mentioned in s. 105(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 83(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/83/9), [Sch. 8 para. 3(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/8/paragraph/3/4), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case III modified (with effect as mentioned in s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 83(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/83/9), [Sch. 8 para. 3(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/8/paragraph/3/5), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Cases III, IV extended (with effect in accordance with s. 105(1) of the extending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 102](https://www.legislation.gov.uk/ukpga/1996/8/section/102), [Sch. 13 para. 1(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/1/1) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21792961]: [S. 18(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/1): words in Sch. D para. (b) substituted (with effect as mentioned in [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 7 para. 4(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/4/1) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c21792981]: [S. 18(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3): words in Sch. D Case III para. (c) substituted (with effect as mentioned in [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 7 para. 4(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/4/2/a) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c21793061]: [S. 18(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3): words in Sch. D Case IV repealed (with effect as mentioned in [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/4/2/b), [Sch. 41 Pt. V(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/2), Note (with Sch. 7 paras. 33-35)
[^c21794021]: [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case V extended (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [s. 20](https://www.legislation.gov.uk/ukpga/1999/20/section/20), [Sch. 3 para. 6(3)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/6/3) (with [Sch. 3 para. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1))
[^c21793001]: [S. 18(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3): words in Sch. D Case VI substituted (with effect as mentioned in [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 7 para. 4(2)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/4/2/c) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c21793081]: [S. 18(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3A) inserted (with effect as mentioned in [s. 105](https://www.legislation.gov.uk/ukpga/1996/8/section/105) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 104](https://www.legislation.gov.uk/ukpga/1996/8/section/104), [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/5) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21793021]: [S. 18(3B)-(3E)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3B) inserted (with effect as mentioned in [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 7 para. 4(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/4/3) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c21793041]: Words in [s. 18(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/5) substituted (with effect as mentioned in [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 7 para. 4(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/4/4) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c23332821]: [S. 18(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/1): words in Sch. D para. (b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 5(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/5/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23332831]: [S. 18(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3): words in Sch. D Case V substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 5(3)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/5/3/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23332841]: [S. 18(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3): words in Sch. D Case VI substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 5(3)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/5/3/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23333121]: [S. 18(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/6) inserted (with effect in accordance with [s. 97(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/97/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 105(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/105/4) (with [s. 106](https://www.legislation.gov.uk/ukpga/2004/12/section/106))
[^c23334181]: [S. 18(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/4A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 9(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/9/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23334201]: Words in [s. 18(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 9(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/9/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23334221]: [S. 18(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 9(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/9/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23357441]: [S. 18(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3A): Sch. D Case III para. (c) repealed (with effect in accordance with Sch. 7 para. 12(9)(13) of the repealing Act) by virtue of [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 12(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/12/9), [Sch. 11 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/8), Note
[^c21569491]: SOURCE-1970 s. 90(1); 1972 s. 81(3)
[^c21569501]: SOURCE-1970 s. 90(2)
[^c21569511]: SOURCE-1970 s. 90(2A), (2B); 1972 s. 81(4)
[^c21569521]: SOURCE-1970 s. 90(3)
[^c21569531]: SOURCE-1970 s. 71(2)
[^c21819701]: Words in [s. 24(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/24/2) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 134(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/1), [Sch. 20 Para. 1](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/1)
[^c21819721]: [S. 24(6)(c)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/24/6/c/7) and word preceding s. 24(6)(c) repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c21856561]: [1988 c. 39](https://www.legislation.gov.uk/ukpga/1988/39).
[^c21856571]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c21856601]: [S. 21A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/5) inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 70(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/3), [Sch. 23 para. 1](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/1)
[^c23348091]: Words in [s. 21A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/2) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 7(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/7/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23348111]: Words in [S. 21A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/2) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 7(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/7/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23348131]: Words in [s. 21A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/2) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 7(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/7/c) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23351541]: [S. 21A](https://www.legislation.gov.uk/ukpga/1988/1/section/21A) applied (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 120(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/120/2)
[^c23351741]: [S. 21A](https://www.legislation.gov.uk/ukpga/1988/1/section/21A) applied (6.4.2008) by the [Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69Z1(2)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z1/2) (as inserted by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I. 2008/705)](https://www.legislation.gov.uk/uksi/2008/705), [regs. 1](https://www.legislation.gov.uk/uksi/2008/705/regulation/1), [5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5))
[^c23348191]: Words in [s. 21A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/2) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23348351]: Words in [s. 21A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 12(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/12/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23348171]: Words in [s. 21A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/2) inserted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284](https://www.legislation.gov.uk/ukpga/2004/12/section/284), [Sch. 35 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23348371]: Words in [s. 21A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 12(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/12/3/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23348391]: Words in [s. 21A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/4) repealed (with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 12(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/12/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23348411]: Words in [s. 21B](https://www.legislation.gov.uk/ukpga/1988/1/section/21B) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 13(a)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/13/a/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349101]: Words in [s. 21B](https://www.legislation.gov.uk/ukpga/1988/1/section/21B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 13(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/13/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23351561]: Words in [s. 21B](https://www.legislation.gov.uk/ukpga/1988/1/section/21B) substituted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 102(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/102/3)
[^c23349121]: Word in [s. 21C](https://www.legislation.gov.uk/ukpga/1988/1/section/21C) (1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 14(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/14/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349141]: Words in [s. 21C](https://www.legislation.gov.uk/ukpga/1988/1/section/21C) (4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 14(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/14/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21805301]: [S. 30(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/30/1) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 7](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/7)
[^c21569731]: SOURCE-1970 s. 76
[^c21569741]: *See* 1979(C) s.34(4)(b)—*restriction, by reference to capital allowances, of capital losses for purpose of capital gains.*
[^c21805311]: Words in [s. 30(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/30/1) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 11](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/11) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23349161]: Words in [s. 30(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/30/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 15(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/15/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349181]: Words in [s. 30(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/30/2/a) substituted (with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 15(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/15/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349201]: [S. 30(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/30/2A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 15(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/15/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21569961]: *See* 1976(D) s.34*and* Sch.6 para.4. 1976(D)*repealed by* 1985 ss.93, 98(6)*and* Sch.27 Part. X*with effect from* 19*March* 1985.
[^c21569971]: SOURCE-1970 s. 80(1), (2)
[^c21569981]: SOURCE-1970 s. 80(2); 1987 Sch. 15 para. 13
[^c21569991]: SOURCE-1970 s. 80(3), (4)
[^c21570001]: SOURCE-1970 s. 80(5)
[^c21570011]: SOURCE-1970 s. 80(6), (7); 1972 s. 81(1)
[^c21570021]: *See* 1979(C) s.106*and* Sch.3 paras.5*and* 7—*exclusion of amounts taxed under this section in computing capital gains.*
[^c21794731]: [S. 34](https://www.legislation.gov.uk/ukpga/1988/1/section/34) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 9](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/9)
[^c21794711]: [S. 34(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/9) repealed (with effect in accordance with s. 39(4)(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 162](https://www.legislation.gov.uk/ukpga/1995/4/section/162), [Sch. 29 Pt. 08(01)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/08/01), Note
[^c21794841]: Words in [s. 34(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/1) substituted (with effect as mentioned in [s. 40(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 40(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/2)
[^c21794761]: Words in [s. 34(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/3) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 15(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/15/3), (with Sch. 5 para. 73)
[^c21794861]: Words in [s. 34(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/4/a) substituted (with effect as mentioned in [s. 40(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 40(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/3/a)
[^c21794881]: Words in [s. 34(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/4/b) substituted (with effect as mentioned in [s. 40(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 40(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/3/b)
[^c21794901]: Words in [s. 34(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/5/a) substituted (with effect as mentioned in [s. 40(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 40(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/4/a)
[^c21794921]: Words in [s. 34(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/5/b) substituted (with effect as mentioned in [s. 40(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 40(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/4/b)
[^c21794781]: Words in [s. 34(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/6) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 15(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/15/4), (with Sch. 5 para. 73)
[^c21794801]: [S. 34(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/7A) inserted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 15(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/15/5), (with Sch. 5 para. 73)
[^c21794821]: Words in [s. 34(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/8) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 15(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/15/6), (with Sch. 5 para. 73)
[^c23349221]: Words in [s. 34](https://www.legislation.gov.uk/ukpga/1988/1/section/34) (1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349331]: Words in [s. 34(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349351]: Words in [s. 34(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349371]: Words in [s. 34(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349391]: Word in [s. 34(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349411]: Word in [s. 34(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/7A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349431]: Word in [s. 34(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349531]: Words in [s. 34(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349551]: Words in [s. 34(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(5)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570031]: *See* 1979(C) s.106*and* Sch.3 para.6(2)—1979(C) s.31 (*exclusion from capital gains computation of sums charged to income tax or corporation tax*)*not to apply to amounts on which tax paid under* s.35.
[^c21797731]: [S. 35](https://www.legislation.gov.uk/ukpga/1988/1/section/35) excluded (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [ss. 21](https://www.legislation.gov.uk/ukpga/1994/21/section/21), [68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 15(1)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/15/1) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule) [S. 35](https://www.legislation.gov.uk/ukpga/1988/1/section/35) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [s. 8](https://www.legislation.gov.uk/ukpga/1995/37/section/8), [Sch. 3 para. 9(1)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/9/1) [S. 35](https://www.legislation.gov.uk/ukpga/1988/1/section/35) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [ss. 135](https://www.legislation.gov.uk/ukpga/1996/55/section/135), [149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 21(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/21/1)
[^c21570041]: SOURCE-1970 s. 81(1)
[^c21797691]: [S. 35(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/35/2) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 10](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/10)
[^c21570051]: SOURCE-1970 s. 81(2)
[^c21797771]: Words in [s. 35(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/35/2) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 16(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/16/3), (with Sch. 5 para. 73)
[^c21797791]: [S. 35(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/35/2A) inserted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 16(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/16/4), (with Sch. 5 para. 73)
[^c23349571]: Words in [s. 35(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/35/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 18(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/18/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349591]: Words in [s. 35(2A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/35/2A/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 18(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/18/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349611]: Words in [s. 35(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/35/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 18(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/18/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21805371]: [S. 36](https://www.legislation.gov.uk/ukpga/1988/1/section/36) excluded (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 252(1)(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/1/3), [Sch. 24 para. 24](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/24)
[^c21570061]: *See* 1976(D) Sch.6 para.4. 1976(D)*repealed by* 1985 ss.93, 98(6)*and* Sch.27 Part X*with effect from* 19*March* 1985.
[^c21805381]: [S. 36(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/1) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 11](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/11)
[^c21570071]: SOURCE-1970 s. 82(1), (2)
[^c21570081]: *See* 1979(C) s.106*and* Sch.3 para.6(3)—*effect of claim under* s.36(2)(b)*on computation of capital gains.*
[^c21570091]: SOURCE-1970 S. 82(3)
[^c21570101]: *See* 1979(C) s.106*and* Sch.3 para.5(3)—*deduction of amounts chargeable under* s.36*in computing capital gains.*
[^c21570111]: SOURCE-1970 s. 82(1), (3)
[^c21805411]: Words in [s. 36(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/1) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 17(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/17/3/a) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c21805431]: Words in [s. 36(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/1) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 17(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/17/3/b) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c21805451]: [S. 36(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/4A/4B) inserted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 17(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/17/4) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23349631]: Words in [s. 36(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 19(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/19/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349661]: Words in [s. 36(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 19(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/19/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349681]: Words in [s. 36(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 19(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/19/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349701]: Words in [s. 36(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 19(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/19/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349721]: Words in [s. 36(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 19(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/19/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349741]: Words in [s. 36(4A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/4A/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 19(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/19/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21799401]: [S. 37](https://www.legislation.gov.uk/ukpga/1988/1/section/37) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 12](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/12)
[^c21570121]: SOURCE-1970 s. 83(1); 1978 s. 32(2)
[^c21570161]: *See* 1979(C) s.106*and* Sch.3 para.6(1)—*allowance under this subsection to be deducted from any loss on disposal of lease.*
[^c21570171]: SOURCE-1970 s. 83(2)
[^c21570181]: SOURCE-1970 s. 83(3)
[^c21570191]: SOURCE-1970 s. 83(4)
[^c21570201]: SOURCE-1970 s. 83(5)
[^c21570211]: *See* 1976(D) Sch.6 para.4(4)—*no account to be taken of any deduction of realised development value.* 1976(D)*repealed by* 1985 ss.93, 98(6)*and* Sch.27 Part X*with effect from* 19*March* 1985.
[^c21570221]: SOURCE-1970 s. 83(7)
[^c21799441]: [S. 37(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/1/a/b) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 18(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/18/2), (with Sch. 5 para. 73)
[^c21570151]: 1990 s.89*and* Sch.14 para.2 (*correction of errors*)—*deemed always to have had effect. Previously* “subsection (2) below”, “this subsection” *and* “the amount of that tax” *respectively.*
[^c21799461]: Words in [s. 37(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/2/b) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 18(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/18/3/a), (with Sch. 5 para. 73)
[^c21799481]: Words in [s. 37(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/2) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 18(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/18/3/b), (with Sch. 5 para. 73)
[^c21799501]: Words in [s. 37(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/3) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 18(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/18/4/a), (with Sch. 5 para. 73)
[^c21799521]: Words in [s. 37(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/3) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 18(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/18/4/b), (with Sch. 5 para. 73)
[^c21799541]: Words in [s. 37(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/4) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 18(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/18/5), (with Sch. 5 para. 73)
[^c23348441]: Word in [s. 37(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/1/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/2/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349761]: [S. 37(1)(c)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/1/c/d) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349781]: Words in [s. 37(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349801]: Word in [s. 37(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349821]: Words in [s. 37(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349841]: Word in [S. 37(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349861]: Words in [s. 37(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349871]: Words in [s. 37(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349891]: Words in [s. 37(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349911]: [S. 37(7)(b)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/7/b/iii) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349931]: Words in [s. 37(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/8) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349951]: Words in [s. 37(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(8)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/8/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349971]: Words in [s. 37(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/9) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(8)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/8/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349991]: [S. 37(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/10) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(9)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/9) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570231]: SOURCE-1970 S. 84(1)(b)–(d); 1972 s. 81(2)(a), (b)
[^c21570241]: [S. 38(1)(a)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/38/1/a/4) excluded (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 77](https://www.legislation.gov.uk/ukpga/1992/48/section/77), [Sch. 17 paras. 5(4)(6)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/5/4/6), [6(1)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/6/1), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/7).
[^c21570251]: SOURCE-1970 s. 84(2); 1972 s. 81(2)(c)
[^c21570271]: SOURCE-1970 s. 84(3A); 1972 s. 81(5)
[^c21570281]: SOURCE-1970 s. 84(3); 1972 s. 81(2)(d)
[^c21570291]: *See* 1990(C) s.11(4)—*rules applied in connection with leases for industrial buildings and structures.*
[^c21570301]: SOURCE-1970 s. 84(4)
[^c21799581]: [S. 38(1)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/38/1)(6) applied (with effect in accordance with s. 579 of the affecting Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 291(3)](https://www.legislation.gov.uk/ukpga/2001/2/section/291/3)
[^c21799561]: Words in [s. 38(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/38/4) substituted (with effect as mentioned in [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 134(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/1), [Sch. 20 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/2)
[^c23350031]: Words in [s. 38(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/38/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 22(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/22/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350051]: Words in [s. 38(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/38/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 22(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/22/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570311]: SOURCE-1970 s. 85(1)
[^c21570321]: *Repealed by* 1988(F) ss.75, 148*and* Sch.14 Part IV*for* 1988-89*and subsequent years.*
[^c21570331]: SOURCE-1970 s. 86
[^c21805531]: Words in [s. 40(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/1) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 20(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/20/2), (with Sch. 5 para. 73)
[^c21805551]: Words in [s. 40(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/3/b) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 20(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/20/3), (with Sch. 5 para. 73)
[^c21805571]: [S. 40(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/4A) inserted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 20(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/20/4), (with Sch. 5 para. 73)
[^c21805591]: [S. 40(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/5) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(f)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/f); and s. 40(5) repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 20(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/20/5), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c23350071]: Word in [s. 40(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 23(a)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/23/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350091]: Words in [s. 40(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 23(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/23/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350111]: Word in [s. 40(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 23(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/23/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350131]: Word in [s. 40(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 23(c)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/23/c/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350151]: Words in [s. 40(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 23(c)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/23/c/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23348231]: [S. 42](https://www.legislation.gov.uk/ukpga/1988/1/section/42) applied (3.11.2004 with effect in accordance with reg. 1(1) of the affecting S.I.) by The Energy-[Saving Items (Deductions for Expenditure etc.) Regulations 2004 (S.I. 2004/2664)](https://www.legislation.gov.uk/uksi/2004/2664), [reg. 4](https://www.legislation.gov.uk/uksi/2004/2664/regulation/4)
[^c21570361]: SOURCE- 1972 s. 82
[^c23351701]: [S. 42](https://www.legislation.gov.uk/ukpga/1988/1/section/42) applied (6.12.2007 with effect in accordance with reg. 1(1) of the affecting S.I.) by The Energy-[Saving Items (Income Tax) Regulations 2007 (S.I. 2007/3278)](https://www.legislation.gov.uk/uksi/2007/3278), [reg. 7](https://www.legislation.gov.uk/uksi/2007/3278/regulation/7)
[^c23350171]: Words in [s. 42(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/42/1) renumbered as s. 42(1)(a) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by virtue of [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 24(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/24/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350191]: Words in [s. 42(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/42/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 24(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/24/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350211]: [S. 42(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/42/1/b) and preceding word inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 24(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/24/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570411]: *And see, as regards Ulster Savings Certificates,* Part III Vol.5.
[^c21570421]: SOURCE-1981 S. 34(1)
[^c21570431]: SOURCE-1970 s. 98
[^c21570441]: SOURCE-1981 s. 34(2)–(5); 1979 (C) s. 71(2)(a)
[^c21570451]: [1968 c. 13](https://www.legislation.gov.uk/ukpga/1968/13).
[^c21570461]: [1958 c.6](https://www.legislation.gov.uk/ukpga/1958/6).
[^c21570471]: [1920 c.18](https://www.legislation.gov.uk/ukpga/1920/18).
[^c21570481]: [1972 c. 65](https://www.legislation.gov.uk/ukpga/1972/65).
[^c23353721]: Word in [s. 46(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/46/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 31(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/31/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23353741]: Words in [s. 46(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/46/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 31(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/31/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23353761]: Words in [s. 46(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/46/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 31(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/31/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23353801]: [S. 46(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/46/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 31(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/31/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570681]: SOURCE-1970 s. 110(1), (2)
[^c21570691]: SOURCE-1970 s. 110(3)
[^c21570701]: 1988(F) Sch.6 para.6(7),*into force on* 6*April* 1988*subject to certain provisos. Previously* “(4) Subsection (3) above shall not affect the taxation of woodlands which are managed on a commercial basis and with a view to the realisation of profits”.
[^c21852211]: Words in [s. 53(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/53/1/3) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21852231]: Words in [s. 53(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/53/1/3) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23357971]: Word in [s. 53(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/53/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 32(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/32/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23357991]: Words in [s. 53(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/53/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 32(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/32/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358011]: Words in [s. 53(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/53/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 32(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/32/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358031]: Words in [s. 53(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/53/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 32(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/32/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21852241]: Word in [s. 55(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/55/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23358051]: Word in [s. 55(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/55/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 33](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/33) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570911]: *See* s.608—*exemption for certain superannuation funds.*
[^c21570951]: SOURCE-1973 s. 26(3); 1974 s. 30(2)
[^c21832991]: Word in [s. 56(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/4) substituted (with effect in accordance with s. 164(5)(6) of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 164(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/164/4)
[^c23358091]: Words in [s. 56(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 34(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/34/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23376721]: Words in [s. 56(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/3/c) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/9) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23359501]: Words in [s. 59(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/59/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 35(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/35/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358241]: Words in [s. 59(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/59/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 35(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/35/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359521]: Words in [s. 59(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/59/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 35(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/35/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21571531]: SOURCE-1970 s. 129(1)
[^c21571541]: SOURCE-1970 s. 129(4)
[^c21571551]: SOURCE-1970 s. 129(5)
[^c21861051]: [S. 70](https://www.legislation.gov.uk/ukpga/1988/1/section/70) excluded (with application in accordance with s. 65(1)(3)(4) of the excluding Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 65(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/65/2/a)
[^c21833081]: Words in [s. 70(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/70/3) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/7) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21858921]: Words in [S. 70A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/70A/6) repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [ss. 578](https://www.legislation.gov.uk/ukpga/2001/2/section/578), [580](https://www.legislation.gov.uk/ukpga/2001/2/section/580), [Sch. 2 para. 14](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/14), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c21571571]: *See* S.I. [1987 No. 530](https://www.legislation.gov.uk/ukcm/1987/530) (in Part III Vol. 5) regn. 16—*payments attributable to non-resident entertainers and sportsmen.*
[^c21571581]: SOURCE-1970 ss. 127(1), 129(2)
[^c21571591]: SOURCE-1970 s. 127(2), 527(4)
[^c21827611]: Word in [s. 72(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/72/2) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 121](https://www.legislation.gov.uk/ukpga/1995/4/section/121)
[^c23359661]: Words in [s. 72(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/72/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 44(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/44/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358451]: Words in [s. 72(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/72/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 44(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/44/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21571611]: *See*—1979(C) s.122—*election to take capital gain or loss into account when asset appropriated to stock in trade.*1989 ss.67-74—*employee share ownership trusts.*[Banking Act 1987 (c.22)](https://www.legislation.gov.uk/ukpga/1987/22) s.66—*contributions to the Deposit Protection Fund.*
[^c21571621]: SOURCE-1970 s. 130(a)–(m); 1987 Sch. 15para. 2(9)
[^c21571631]: *See* 1989 ss.112-113—*expenditure on security on or after* 6*April* 1989.
[^c21571661]: SOURCE-1970 s. 130(n), (o)
[^c21826011]: [S. 74](https://www.legislation.gov.uk/ukpga/1988/1/section/74) excluded (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 159(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/159/4) (with [Sch. 18 paras. 1(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/18/paragraph/1/3), [2(3)(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/18/paragraph/2/3/4), [3(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/18/paragraph/3/3))
[^c21826031]: [S. 74](https://www.legislation.gov.uk/ukpga/1988/1/section/74) renumbered as s. 74(1) (3.5.1994) by virtue of [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 144(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/2)
[^c21826061]: [S. 74(1)(j)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/j) substituted (with effect in accordance with [s. 144(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 144(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/1)
[^c21826101]: [S. 74(1)(o)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/o) substituted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 9 para. 1](https://www.legislation.gov.uk/ukpga/1994/9/schedule/9/paragraph/1)
[^c21826051]: [S. 74(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/2) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9) {s. 144(2)}
[^c21833101]: [S. 74](https://www.legislation.gov.uk/ukpga/1988/1/section/74) excluded (with effect in accordance with s. 105(1) of the excluding Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 82(7)](https://www.legislation.gov.uk/ukpga/1996/8/section/82/7) (with [ss. 98](https://www.legislation.gov.uk/ukpga/1996/8/section/98), [99](https://www.legislation.gov.uk/ukpga/1996/8/section/99), [Schs. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10), [11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11), [15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21847301]: [S. 74(1)(q)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/q) repealed (with effect in accordance with Sch. 18 Pt. 6(2) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/2)
[^c21861071]: [S. 74](https://www.legislation.gov.uk/ukpga/1988/1/section/74) excluded (with effect in accordance with s. 83(3) of the excluding Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 Para. 14(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/14/4) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c21852371]: Words in [s. 74(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21853971]: [S. 74(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/a) extended (1.1.1999) by [The European Single Currency (Taxes) Regulations 1998 (S.I. 1998/3177)](https://www.legislation.gov.uk/uksi/1998/3177), [regs. 1](https://www.legislation.gov.uk/uksi/1998/3177/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/3177/regulation/5)
[^c21861091]: [S. 74(1)(m)(p)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/m/p) restricted (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 8(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/8/3) (with [Sch. 29 para. 8(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/8/4))
[^c21852381]: Words in [s. 74(1)(m)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/m) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23356371]: [S. 74(1)(n)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/n) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23359681]: Words in [s. 74(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 45(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/45/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359701]: Words in [s. 74(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 45(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/45/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359721]: Words in [s. 74(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 45(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/45/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358481]: [S. 74(1)(b)(o)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/b/o) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 45(d)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/45/d/f), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369191]: [S. 74(1)(j)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/j) repealed (with effect in accordance with s. 80(3)(4) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 1](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/1), [Sch. 11 Pt. 2(5)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/5), Note
[^c23369211]: [S. 74(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/2) repealed (with effect in accordance with s. 80(3)(4) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 1](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/1), [Sch. 11 Pt. 2(5)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/5), Note
[^c21860671]: [S. 75](https://www.legislation.gov.uk/ukpga/1988/1/section/75) modified (with effect in accordance with s. 70(1) of the modifying Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 22 para. 27](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/27) (with [Sch. 22 para. 32](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/32))
[^c23356411]: [S. 75](https://www.legislation.gov.uk/ukpga/1988/1/section/75) substituted (with effect in accordance with ss. 42, 43 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 38(1)(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/38/1/5)
[^c23376271]: [S. 75](https://www.legislation.gov.uk/ukpga/1988/1/section/75) modified (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 196(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/196/3), [199(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/199/2/b), [200(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/200/b), [246(2)(b)(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/246/2/b/3/b), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23356431]: [S. 75(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/75/1) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 43(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/43/5)
[^c23385501]: [S. 75](https://www.legislation.gov.uk/ukpga/1988/1/section/75) modified by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69Z24A(4)(b)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z24A/4/b) (as inserted (1.1.2009 with effect in accordance with reg. 1(2)(3) of the amending S.I.) by [The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159)](https://www.legislation.gov.uk/uksi/2008/3159), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2008/3159/regulation/1/1), [27](https://www.legislation.gov.uk/uksi/2008/3159/regulation/27))
[^c23384551]: [S. 75(2A)-(2C)](https://www.legislation.gov.uk/ukpga/1988/1/section/75/2A) inserted (with effect in accordance with [s. 28(5)(6)](https://www.legislation.gov.uk/ukpga/2007/11/section/28/5/6) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 28(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/28/2)
[^c23384581]: [S. 75(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/75/5A) inserted (with effect in accordance with [s. 28(5)(6)](https://www.legislation.gov.uk/ukpga/2007/11/section/28/5/6) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 28(3)](https://www.legislation.gov.uk/ukpga/2007/11/section/28/3)
[^c23384601]: [S. 75(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/75/11) inserted (with effect in accordance with [s. 28(5)(6)](https://www.legislation.gov.uk/ukpga/2007/11/section/28/5/6) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 28(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/28/4)
[^c23356491]: [S. 76](https://www.legislation.gov.uk/ukpga/1988/1/section/76) substituted (with effect in accordance with ss. 42, 44 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 40](https://www.legislation.gov.uk/ukpga/2004/12/section/40)
[^c23369731]: [S. 76](https://www.legislation.gov.uk/ukpga/1988/1/section/76) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [5](https://www.legislation.gov.uk/uksi/2005/2014/regulation/5) (as amended: (14.8.2007 with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [5](https://www.legislation.gov.uk/uksi/2007/2134/regulation/5); (12.8.2008 with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/1), [3](https://www.legislation.gov.uk/uksi/2008/1937/regulation/3))
[^c23376461]: [S. 76](https://www.legislation.gov.uk/ukpga/1988/1/section/76) modified (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 196(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/196/4), [199(2)(c)(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/199/2/c/5), [246(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/246/3/b), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23376531]: [S. 76(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/7) modified (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 200(c)](https://www.legislation.gov.uk/ukpga/2004/12/section/200/c), [246(2)(c)](https://www.legislation.gov.uk/ukpga/2004/12/section/246/2/c), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23369711]: Word in [s. 76(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/8) repealed (with effect in accordance with Sch. 11 Pt. 2(10) Note 1 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/10)
[^c23369571]: Words in [s. 76(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/8) inserted (with effect in accordance with [Sch. 9 para. 1(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/1/3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 1(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/1/2)
[^c23376701]: Words in [s. 76(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/8) substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [3](https://www.legislation.gov.uk/uksi/2006/3270/article/3)
[^c23384621]: Words in [s. 76(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/1/b) substituted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 2(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/2/2) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23377811]: Words in [s. 76(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/1) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 3(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/3/2), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23377991]: [S. 76(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/7): entries in Step 3 repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 16(3)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/16/3/a), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23384731]: Words in [s. 76(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/7) Step 5 substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 3(3)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/3/3/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23384761]: Words in [s. 76(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/7) Step 5 substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/3/3/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23384641]: Word in [s. 76(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/7) Step 8 substituted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 2(3)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/2/3/a) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23377871]: [S. 76(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/7) Steps 9, 10 repealed (with effect in accordance with s. 39(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 2(3)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/2/3/b), [Sch. 27 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/8), Note (with Sch. 8 Pt. 2)
[^c23377911]: [S. 76(10)(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/10/11) repealed (with effect in accordance with s. 39(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 2(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/2/4), [Sch. 27 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/8), Note (with Sch. 8 Pt. 2)
[^c23384661]: Words in [s. 76(12)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/12/a) substituted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 2(5)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/2/5/a) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23384681]: Words in [s. 76(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/12) inserted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 2(5)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/2/5/b) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23384701]: [S. 76(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/13) substituted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 2(6)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/2/6) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23377831]: [S. 76(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/14) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 3(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/3/4), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23377851]: [S. 76(15)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/15): definition of "capital redemption business" repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 3(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/3/5), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23377941]: Words in [s. 76(15)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/15) repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 14(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/14/2/b), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23358511]: [S.77](https://www.legislation.gov.uk/ukpga/1988/1/section/77) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 47](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/47), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21834651]: [S. 78](https://www.legislation.gov.uk/ukpga/1988/1/section/78) repealed with saving (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/10), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c21572171]: SOURCE-1982 s. 48(1)–(4)
[^c21572181]: SOURCE-1982 s. 48(5)
[^c21572191]: SOURCE-1982 s. 48(6)–(9)
[^c21856471]: [S. 79](https://www.legislation.gov.uk/ukpga/1988/1/section/79): functions transferred (1.7.1999 immediately after the coming into force of [Scotland Act 1998 (c. 46)](https://www.legislation.gov.uk/ukpga/1998/46), [s. 53](https://www.legislation.gov.uk/ukpga/1998/46/section/53)) by [The National Assembly for Wales (Transfer of Functions) Order 1999 (S.I. 1999/672)](https://www.legislation.gov.uk/uksi/1999/672), [arts. 1(2)](https://www.legislation.gov.uk/uksi/1999/672/article/1/2), [2](https://www.legislation.gov.uk/uksi/1999/672/article/2), [Sch. 1](https://www.legislation.gov.uk/uksi/1999/672/schedule/1)
[^c21856481]: [S. 79(4)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/4/8): functions transferred (1.7.1999) by [The Scotland Act 1998 (Transfer of Functions to the Scottish Ministers etc.) Order 1999 (S.I. 1999/1750)](https://www.legislation.gov.uk/uksi/1999/1750), [arts. 1(1)](https://www.legislation.gov.uk/uksi/1999/1750/article/1/1), [2](https://www.legislation.gov.uk/uksi/1999/1750/article/2), [Sch. 1](https://www.legislation.gov.uk/uksi/1999/1750/schedule/1) (with [art. 7](https://www.legislation.gov.uk/uksi/1999/1750/article/7))
[^c21852411]: Words in [s. 79(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21858671]: Words in [s. 79(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/11) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 88](https://www.legislation.gov.uk/ukpga/2000/17/section/88), [Sch. 40 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/9)
[^c23356861]: Words in [s. 79(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/2) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 3(2)
[^c23356901]: [S. 79(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/2A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 3(3)
[^c23359841]: Word in [s. 79(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359861]: Words in [s. 79(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359891]: Words in [s. 79(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359911]: Word in [s. 79(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359931]: Words in [s. 79(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359951]: Words in [s. 79(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/9) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359971]: Words in [s. 79(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360001]: Words in [s. 79(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360021]: Words in [s. 79(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360041]: Words in [s. 79(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/9) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(4)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/4/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360071]: Words in [s. 79(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(4)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/4/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572211]: 1990 s.76.
[^c21826241]: Words in [s. 79A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/1) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 145(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/145/3)
[^c21826261]: Word in [s. 79A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/3) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 145(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/145/3)
[^c21826281]: [S. 79A(5)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/5/aa) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 145(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/145/4)
[^c21826321]: Words in [s. 79A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/7) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 145(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/145/5)
[^c21852421]: Words in [s. 79A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21858701]: Words in [s. 79A(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/5/b) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/9)
[^c21858691]: Words in [s. 79A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/7) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 88](https://www.legislation.gov.uk/ukpga/2000/17/section/88), [Sch. 40 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/9)
[^c23359591]: Words in [s. 79A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/2) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para 3(2)
[^c23359601]: [S. 79A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/2A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 3(3)
[^c23360091]: Word in [s. 79A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/1) substituted (with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360111]: Words in [s. 79A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360141]: Words in [s. 79A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360161]: Word in [s. 79A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360181]: Words in [s. 79A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360221]: Words in [s. 79A(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/4/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360241]: Words in [s. 79A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360271]: Words in [s. 79A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360291]: Words in [s. 79A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360311]: Words in [s. 79A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(4)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/4/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360341]: Words in [s. 79A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(4)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/4/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358531]: [S. 80-82](https://www.legislation.gov.uk/ukpga/1988/1/section/80) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 51-53](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/51), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358551]: [S. 80-82](https://www.legislation.gov.uk/ukpga/1988/1/section/80) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 51-53](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/51), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358561]: [S. 80-82](https://www.legislation.gov.uk/ukpga/1988/1/section/80) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 51-53](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/51), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572251]: SOURCE-1970 s. 132
[^c21572261]: [Sch.7 para.36(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/36/2) [Copyright, Designs and Patents Act 1988 (c.48)](https://www.legislation.gov.uk/ukpga/1988/48)—*in force on* 1*August* 1989. (*Commencement order*—S.I. [1989 No.816](https://www.legislation.gov.uk/ukcm/1989/816)—*not reproduced.*)*Previously* “the extension of the period of copyright in a design”.
[^c21827491]: [S. 83(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/83/a) modified (31.10.1994) by [Trade Marks Act 1994 (c. 26)](https://www.legislation.gov.uk/ukpga/1994/26), [s. 109(1)](https://www.legislation.gov.uk/ukpga/1994/26/section/109/1), [Sch. 4 para. 1(1)(2)](https://www.legislation.gov.uk/ukpga/1994/26/schedule/4/paragraph/1/1/2); [S.I. 1994/2550](https://www.legislation.gov.uk/uksi/1994/2550), [art. 2](https://www.legislation.gov.uk/uksi/1994/2550/article/2)
[^c21827471]: Words in [s. 83](https://www.legislation.gov.uk/ukpga/1988/1/section/83) repealed (31.10.1994) by [Trade Marks Act 1994 (c. 26)](https://www.legislation.gov.uk/ukpga/1994/26), [s. 109(1)](https://www.legislation.gov.uk/ukpga/1994/26/section/109/1), [Sch. 5](https://www.legislation.gov.uk/ukpga/1994/26/schedule/5); [S.I. 1994/2550](https://www.legislation.gov.uk/uksi/1994/2550), [art. 2](https://www.legislation.gov.uk/uksi/1994/2550/article/2)
[^c21852461]: Words in [s. 83](https://www.legislation.gov.uk/ukpga/1988/1/section/83) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23360671]: Words in [s. 83](https://www.legislation.gov.uk/ukpga/1988/1/section/83) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 56](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/56) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572291]: [S. 84](https://www.legislation.gov.uk/ukpga/1988/1/section/84) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 68(1)(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/68/1/2)
[^c21856451]: [S. 84](https://www.legislation.gov.uk/ukpga/1988/1/section/84): functions transferred (1.7.1999 immediately after the coming into force of [Scotland Act 1998 (c. 46)](https://www.legislation.gov.uk/ukpga/1998/46), [s. 53](https://www.legislation.gov.uk/ukpga/1998/46/section/53)) by [The National Assembly for Wales (Transfer of Functions) Order 1999 (S.I. 1999/672)](https://www.legislation.gov.uk/uksi/1999/672), [arts. 1(2)](https://www.legislation.gov.uk/uksi/1999/672/article/1/2), [2](https://www.legislation.gov.uk/uksi/1999/672/article/2), [Sch. 1](https://www.legislation.gov.uk/uksi/1999/672/schedule/1)
[^c21834661]: Words in [s. 84(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 2(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/2/2)
[^c21834681]: [S. 84(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3A/3B) inserted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 2(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/2/3)
[^c21859171]: Words in [s. 84(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/1/a) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/17/1/a)
[^c21859141]: [S. 84(1)(b)(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/1/b/3/b) and preceding words repealed (with effect in accordance with s. 579 of the repealing Act) by Capital Allowances Act 2001 (c, 2), Sch. 2 para. 17(1)(b)(3), {Sch. 4}
[^c21859211]: Words in [s. 84(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/2) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 17(2)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/17/2/a)
[^c21859231]: Words in [s. 84(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/2) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 17(2)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/17/2/b)
[^c21859251]: Words in [s. 84(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/4/a) inserted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 17(4)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/17/4)
[^c23360931]: Words in [s. 84(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360951]: Words in [s. 84(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360971]: Words in [s. 84(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360991]: Words in [s. 84(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361011]: [S. 84(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3A): by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/4) it is provided that "In subsection (3A) for "above is--" to the end substitute "the period of two years beginning at the end of the accounting period in which the gift is made."" (in force 6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/883/1) of the amending Act) (with Sch. 2)
[^c23358571]: [S. 84(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3B) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361031]: Words in [s. 84(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361051]: Words in [s. 84(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361081]: Words in [s. 84(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361101]: Words in [s. 84(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(6)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/6/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361131]: Words in [s. 84(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(6)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/6/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572311]: SOURCE-1978 s. 60
[^c21858731]: [S. 85](https://www.legislation.gov.uk/ukpga/1988/1/section/85) amended (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 50](https://www.legislation.gov.uk/ukpga/2000/17/section/50)
[^c21852481]: Words in [s. 85(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/85/1/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23357011]: [S. 85(1)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/85/1/b/c) substituted for s. 85(1)(b) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 5(2)
[^c21572331]: SOURCE-1983 s. 28; 1984 s. 33; 1987 s. 34
[^c21856741]: Words in [s. 86(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/3) repealed (retrospectively) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 58(2)(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/58/2/5), [Sch. 20 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/14), Note
[^c21856761]: [S. 86(3)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/3/a) substituted (with effect in accordance with [s. 58(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/58/6) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 58(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/58/3)
[^c21856781]: [S. 86(4)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/4) inserted (with effect in accordance with [s. 58(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/58/6) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 58(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/58/4)
[^c23357131]: Words in [s. 86(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/1) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 7(2)
[^c23357151]: [S. 86(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/2): definition of "deductible" substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 7(3)
[^c23361171]: Words in [s. 86(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 60(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/60/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361191]: Words in [s. 86(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 60(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/60/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361211]: [S. 86(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/2): words in definition of "deductible" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 60(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/60/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572371]: *See*—1976(D) Sch.6 para.4(4)—*no account to be taken of any deduction of realised development value.* 1976(D)*repealed by* 1985 ss.93, 98(6)*and* Sch.27 Part X*from* 19*March* 1985.1990(C) s.111—*reduction of qualifying expenditure for premium relief.*
[^c21827511]: [S. 87](https://www.legislation.gov.uk/ukpga/1988/1/section/87) excluded (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 15(2)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/15/2) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S. I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c21572381]: SOURCE-1970 s. 134(1); 1978 s. 32
[^c21572391]: SOURCE-1970 s. 134(2), (3); 1978 s. 32
[^c21572401]: SOURCE-1970 s. 134(4)
[^c21572411]: SOURCE-1970 s. 134(4)(a)
[^c21572421]: SOURCE-1970 s. 134(4)(b)
[^c21572431]: SOURCE-1970 s. 134(5), (6); 1986 Sch. 13 para. 26
[^c21572451]: *Words repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21572461]: SOURCE-1970 s. 134(1)(i), (ii)
[^c21832891]: [S. 87](https://www.legislation.gov.uk/ukpga/1988/1/section/87) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 9(2)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/9/2)
[^c21847131]: [S. 87](https://www.legislation.gov.uk/ukpga/1988/1/section/87) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch 7 para. 21(2)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/21/2) (with [s. 43(6)](https://www.legislation.gov.uk/ukpga/1996/55/section/43/6))
[^c21827711]: [S. 87(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/1) modified (with effect in accordance with s. 39(4)(5) of the modifying act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 14(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/14/1)
[^c21853591]: [S. 87(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/1/a/b) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 34](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/34) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c21852521]: Words in [s. 87(2)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/2/6) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21853581]: [S. 87(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/10) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c21859271]: Words in [s. 87(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/7) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 18](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/18)
[^c23361271]: Words in [s. 87(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358591]: Word at the end of s. 87(1)(a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361291]: [S. 87(1)(c)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/1/c/d) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361311]: Words in [s. 87(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361331]: Words in [s. 87(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/2/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361351]: Words in [s. 87(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361381]: Words in [s. 87(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361401]: Words in [s. 87(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361421]: Words in [s. 87(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(3)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/3/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361441]: Word in [s. 87(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361461]: Words in [s. 87(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361481]: Words in [s. 87(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361501]: Words in [s. 87(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361531]: Words in [s. 87(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361571]: Word in [s. 87(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361591]: Words in [s. 87(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(5)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361611]: Words in [s. 87(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361631]: Word in [s. 87(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361651]: Words in [s. 87(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361691]: Words in [s. 87(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(6)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/6/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361721]: Words in [s. 87(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/8) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361741]: [S. 87(9)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/9/c) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(8)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/8) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361761]: [S. 87(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/9A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(9)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/9) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572471]: SOURCE-1972 s. 124(1)
[^c21572481]: [1978 c. 18](https://www.legislation.gov.uk/ukpga/1978/18).
[^c21852541]: Words in [s. 88(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/88/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23357191]: [S. 88(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/88/b) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 9(2)
[^c23361801]: Words in [s. 88](https://www.legislation.gov.uk/ukpga/1988/1/section/88) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 64(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/64/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361821]: Words in [s. 88(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/88/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 64(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/64/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361841]: Words in [s. 88(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/88/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 64(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/64/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23416311]: [Ss. 88A-88C](https://www.legislation.gov.uk/ukpga/1988/1/section/88A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 74](https://www.legislation.gov.uk/ukpga/1990/29/section/74)
[^c21834711]: [Ss. 88A-88C](https://www.legislation.gov.uk/ukpga/1988/1/section/88A) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c23416321]: [Ss. 88A-88C](https://www.legislation.gov.uk/ukpga/1988/1/section/88A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 74](https://www.legislation.gov.uk/ukpga/1990/29/section/74)
[^c21834721]: [Ss. 88A-88C](https://www.legislation.gov.uk/ukpga/1988/1/section/88A) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c23416331]: [Ss. 88A-88C](https://www.legislation.gov.uk/ukpga/1988/1/section/88A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 74](https://www.legislation.gov.uk/ukpga/1990/29/section/74)
[^c21834741]: [Ss. 88A-88C](https://www.legislation.gov.uk/ukpga/1988/1/section/88A) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c23361861]: [S. 89](https://www.legislation.gov.uk/ukpga/1988/1/section/89) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 65](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/65) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369401]: Words in [s. 89(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/89/3) substituted (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 3(3)(a)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/3/3/a)
[^c23369421]: [S. 89(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/89/4/5) added (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/3/3/b)
[^c23357211]: [S. 90(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/90/1) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 10(2)
[^c23357241]: [S. 90(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/90/1A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 10(3)
[^c23361881]: Words in [s. 90(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/90/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 66(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/66/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361901]: Words in [s. 90(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/90/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 66(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/66/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361931]: Words in [s. 90(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/90/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 66(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/66/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358611]: Words in [s. 90(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/90/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 66(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/66/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572521]: SOURCE-1970 s. 141(1)
[^c21572531]: SOURCE-1970 s. 141(2)
[^c21572541]: SOURCE-1970 s. 141(3)–(8)
[^c21572551]: [1952 c. 33](https://www.legislation.gov.uk/ukpga/1952/33).
[^c21852581]: Words in [s. 91(1)(4)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/1/4/a/i) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21859291]: [S. 91(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/9) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 19](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/19)
[^c23363401]: Words in [s. 91(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23363421]: Words in [s. 91(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23363731]: Words in [s. 91(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364111]: Words in [s. 91(4)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/4/a/i) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364131]: Words in [s. 91(4)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/4/a/i) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364151]: Words in [s. 91(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/4/a/ii) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364171]: Word in [s. 91(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/4/a/ii) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364191]: Words in [s. 91(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364211]: Words in [s. 91(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/5/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364231]: Word in [s. 91(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/5/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364251]: Word in [s. 91(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/5/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(6)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/6/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364271]: [S. 91(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572731]: [Ss. 91A](https://www.legislation.gov.uk/ukpga/1988/1/section/91A), [91B](https://www.legislation.gov.uk/ukpga/1988/1/section/91B) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 78](https://www.legislation.gov.uk/ukpga/1990/29/section/78).
[^c21572741]: Words in [s. 91A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/4/b) substituted (25.10.1991) by [Planning and Compensation Act 1991 (c. 34, SIF 123:1, 2)](https://www.legislation.gov.uk/ukpga/1991/34), [s. 83(a)](https://www.legislation.gov.uk/ukpga/1991/34/section/83/a); [S.I. 1991/2272](https://www.legislation.gov.uk/uksi/1991/2272), [art. 3(2)](https://www.legislation.gov.uk/uksi/1991/2272/article/3/2)
[^c21572751]: [1974 c. 40](https://www.legislation.gov.uk/ukpga/1974/40).
[^c21572761]: [S.I. 1978/1049 (N.I.19)](https://www.legislation.gov.uk/nisi/1978/1049).
[^c21572771]: [S. 91A(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/6/c) and the word “or” immediately preceding it inserted (27.7.1993 with effect in relation to any case where the trade in question is begun after 31.3.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 110(1)(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/110/1/3)
[^c21572781]: [1960 c. 34](https://www.legislation.gov.uk/ukpga/1960/34).
[^c21572791]: [1993 c. 12](https://www.legislation.gov.uk/ukpga/1993/12).
[^c21572801]: [1965 c. 57](https://www.legislation.gov.uk/ukpga/1965/57).
[^c21572811]: [S. 91A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/7) substituted (25.10.1991) by [Planning and Compensation Act 1991 (c. 34, SIF 123:1, 2)](https://www.legislation.gov.uk/ukpga/1991/34), [s. 83(b)](https://www.legislation.gov.uk/ukpga/1991/34/section/83/b); [S.I. 1991/2272](https://www.legislation.gov.uk/uksi/1991/2272), [art. 3(2)](https://www.legislation.gov.uk/uksi/1991/2272/article/3/2)
[^c21572821]: [1990 c. 8](https://www.legislation.gov.uk/ukpga/1990/8).
[^c21572841]: [1991 c. 34](https://www.legislation.gov.uk/ukpga/1991/34).
[^c21847761]: Words in [s. 91A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/7) substituted (S.) (27.5.1997) by [Planning (Consequential Provisions) (Scotland) Act 1997 (c. 11)](https://www.legislation.gov.uk/ukpga/1997/11), [s. 6(2)](https://www.legislation.gov.uk/ukpga/1997/11/section/6/2), [Sch. 2 para. 41](https://www.legislation.gov.uk/ukpga/1997/11/schedule/2/paragraph/41)
[^c21852601]: Words in [s. 91A(2)(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/2/3/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21858821]: [S. 91A(6)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/6/ba) inserted (E.W.) (1.8.2000) by [The Pollution Prevention and Control (England and Wales) Regulations 2000 (S.I. 2000/1973)](https://www.legislation.gov.uk/uksi/2000/1973), [Sch. 10 para. 1](https://www.legislation.gov.uk/uksi/2000/1973/schedule/10/paragraph/1) (with [reg. 5](https://www.legislation.gov.uk/uksi/2000/1973/regulation/5))
[^c21858841]: [S. 91A(6)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/6/ba) inserted (S.) (28.9.2000) by [The Pollution Prevention and Control (Scotland) Regulations 2000 (S.S.I. 2000/323)](https://www.legislation.gov.uk/ssi/2000/323), [Sch. 10 para. 2](https://www.legislation.gov.uk/ssi/2000/323/schedule/10/paragraph/2) (with [reg. 34](https://www.legislation.gov.uk/ssi/2000/323/regulation/34))
[^c21861161]: [S. 91A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/8) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23354891]: Words in [s. 91A(6)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/6/ba) inserted (31.3.2003) by [The Pollution Prevention and Control Regulations (Northern Ireland) 2003 (S.R. 2003/46)](https://www.legislation.gov.uk/nisr/2003/46), [reg. 1](https://www.legislation.gov.uk/nisr/2003/46/regulation/1), [Sch. 11 para. 3](https://www.legislation.gov.uk/nisr/2003/46/schedule/11/paragraph/3)
[^c23364291]: Word in [s. 91A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 68(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/68/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358631]: Words in [s. 91A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 68(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/68/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572861]: [S. 91B(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/10A) inserted (27.7.1993 with effect in relation to any case where the trade in question is begun after 31.3.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 110(2)(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/110/2/3)
[^c21852621]: Words in [s. 91B(2)(5)(a)(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/2/5/a/6/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21861191]: [S. 91B(11)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/11/e) and preceding word repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23364311]: Words in [s. 91B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358651]: Words in [s. 91B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364341]: Word in [s. 91B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364361]: Words in [s. 91B(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/5/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364381]: Words in [s. 91B(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/5/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364401]: Words in [s. 91B(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/6) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364421]: Words in [s. 91B(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/10A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(g)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/g) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364451]: Word in [s. 91B(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/10A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(g)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/g) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572301]: [S. 84A](https://www.legislation.gov.uk/ukpga/1988/1/section/84A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 42](https://www.legislation.gov.uk/ukpga/1991/31/section/42)
[^c21852471]: Words in [s. 84A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/2/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23354591]: [S. 84A(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/3A) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 11(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/11/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23354611]: Words in [s. 84A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/4) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 11(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/11/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23356941]: [S. 84A(2)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/2/b/c) substituted for s. 84A(2)(b) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 4(2)
[^c23356961]: Words in [s. 84A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/3) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 4(3)
[^c23356981]: [S. 84A(3ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/3ZA) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 4(4)
[^c23361151]: Words in [s. 84A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/2/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 59](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/59) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572321]: [S. 85A](https://www.legislation.gov.uk/ukpga/1988/1/section/85A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 43](https://www.legislation.gov.uk/ukpga/1991/31/section/43)
[^c21852491]: Words in [s. 85A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/85A/2/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 10](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/10)
[^c23357031]: Word in [s. 85A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/85A/2/a) omitted (28.9.2004 with effect in accordance with art. 1(2) of the repealing S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 6(2)(a)
[^c23357051]: [S. 85A(2)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/85A/2/b/c) substituted for s. 85A(2)(b) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 6(2)(b)
[^c23357071]: Words in [s. 85A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/85A/3) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 6(3)
[^c23357111]: [S. 85A(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/85A/3A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 6(4)
[^c21572361]: [S. 86A](https://www.legislation.gov.uk/ukpga/1988/1/section/86A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s.69](https://www.legislation.gov.uk/ukpga/1993/34/section/69)
[^c21852511]: Words in [s. 86A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/2/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23354651]: Words in [s. 86A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/1/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 13(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/13/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23354671]: Words in [s. 86A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/1/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 13(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/13/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23354691]: [S. 86A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/1A) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 13(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/13/4) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23357171]: [S. 86A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/2/b) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 8(2)
[^c23361231]: Words in [s. 86A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 61(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/61/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361251]: Words in [s. 86A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/2/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 61(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/61/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21852651]: Word in [s. 91C(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/91C/b) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21859561]: Words in [s. 91C(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91C/a) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 20](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/20)
[^c23364511]: Word in [s. 91C(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91C/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 71](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/71) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364531]: Words in [s. 91C(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/91C/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 71](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/71) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21861141]: [S. 83A](https://www.legislation.gov.uk/ukpga/1988/1/section/83A) modified (with effect in accordance with s. 58(4) of the modifying Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 18 para. 9(3)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/18/paragraph/9/3/a)
[^c21859081]: [S. 83A(2)(b)(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/2/b/3/b) and preceding words repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 16(1)(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/16/1/2), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c21859111]: Words in [s. 83A(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4/a) inserted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 16(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/16/3)
[^c23360691]: Words in [s. 83A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360711]: Words in [s. 83A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360731]: Words in [s. 83A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360751]: Words in [s. 83A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360771]: Words in [s. 83A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360791]: Words in [s. 83A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360811]: Words in [s. 83A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360841]: Words in [s. 83A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(5)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360861]: Words in [s. 83A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(5)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/5/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360881]: Words in [s. 83A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(5)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/5/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360911]: Words in [s. 83A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(5)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/5/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23357951]: [S. 82A](https://www.legislation.gov.uk/ukpga/1988/1/section/82A) modified (1.1.2005 with effect in accordance with art. 2 of the commencing S.I.) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 53(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/53/2); [S.I. 2004/3268](https://www.legislation.gov.uk/uksi/2004/3268), [art. 2](https://www.legislation.gov.uk/uksi/2004/3268/article/2)
[^c23360611]: Word in [s. 82A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/82A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 54(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/54/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360631]: Words in [s. 82A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/82A/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 54(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/54/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360651]: Word in [s. 82A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/82A/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 54(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/54/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23417381]: Word in [s. 82B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/82B/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 55(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/55/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369591]: Words in [s. 82B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/82B/1) substituted (with effect in accordance with [s. 15(4)](https://www.legislation.gov.uk/ukpga/2005/22/section/15/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 15(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/15/2)
[^c23417391]: Word in [s. 82B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/82B/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 55(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/55/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369611]: Words in [s. 82B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/82B/3) substituted (with effect in accordance with [s. 15(4)](https://www.legislation.gov.uk/ukpga/2005/22/section/15/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 15(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/15/3)
[^c23364471]: Words in [s. 91BA(1)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/91BA/1/c/ii) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 70(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/70/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364491]: Word in [s. 91BA(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/91BA/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 70(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/70/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21860901]: [S. 76A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/76A/2) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 16(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/16/3)
[^c21860921]: [S. 76A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/76A/3) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 16(4)](https://www.legislation.gov.uk/uksi/2001/3629/article/16/4)
[^c21860941]: [S. 76A(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/76A/5/6) added (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 16(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/16/5)
[^c23359821]: Words in [s. 76A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/76A/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 46](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/46) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21860961]: Words in [s. 76B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/76B/3) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 16(7)](https://www.legislation.gov.uk/uksi/2001/3629/article/16/7)
[^c21860981]: [S. 76B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/76B/4) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 16(8)](https://www.legislation.gov.uk/uksi/2001/3629/article/16/8)
[^c23356511]: Words in [s. 76B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/76B/1) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/1/2)
[^c23356531]: Words in [s. 76B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/76B/2) inserted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 1(3)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/1/3/a)
[^c23356551]: Words in [s. 76B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/76B/2) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 1(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/1/3/b)
[^c23359621]: Words in [s. 79B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/2) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 3(2)
[^c23359641]: [S. 79B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/2A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 3(3)
[^c23360361]: Word in [s. 79B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360381]: Words in [s. 79B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360411]: Words in [s. 79B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360431]: Words in [s. 79B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360451]: Words in [s.79B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/3) inserted (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360471]: Words in [s. 79B(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/4/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360491]: Words in [s. 79B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360521]: Words in [s. 79B(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360541]: Words in [s. 79B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360561]: Words in [s. 79B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(4)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/4/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360591]: Words in [s. 79B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(4)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/4/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369301]: Words in [s. 75A(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/75A/10/a) inserted (with effect in accordance with [s. 80(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 22(a)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/22/a)
[^c23369321]: Words in [s. 75A(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/75A/10/b) inserted (with effect in accordance with [s. 80(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 22(b)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/22/b)
[^c21572871]: SOURCE-1984 s. 54(1), (4)
[^c21572881]: SOURCE-1984 s. 54(2), (3)
[^c21572891]: [1982 c. 52](https://www.legislation.gov.uk/ukpga/1982/52).
[^c21572901]: SOURCE-1980 s. 42(1)
[^c21572911]: SOURCE-1980 s. 42(2)
[^c21572921]: [1972 c. 63](https://www.legislation.gov.uk/ukpga/1972/63).
[^c21572931]: [1966 c. 36 (N.I.)](https://www.legislation.gov.uk/apni/1966/36).
[^c21572941]: [1971 c. 22 (N.I.)](https://www.legislation.gov.uk/apni/1971/22).
[^c21572951]: SOURCE-1980 s. 42(2); 1984 s. 55(1)
[^c21572961]: [S.I. 1982/1083 (N.I. 15)](https://www.legislation.gov.uk/nisi/1982/1083).
[^c21572971]: SOURCE-1980 s. 42(3); 1984 s. 55(2)
[^c23357261]: Words in [s. 93(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/93/1) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para 11(2)
[^c23364551]: Word in [s. 93(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/93/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 72(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/72/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364571]: Words in [s. 93(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/93/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 72(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/72/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572981]: SOURCE-1970 s. 136
[^c21826351]: [S. 94](https://www.legislation.gov.uk/ukpga/1988/1/section/94) renumbered as s. 94(1) (3.5.1994) by virtue of [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 144(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/4)
[^c21826371]: Words in [s. 94(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/94/1) inserted (with effect in accordance with [s. 144(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 144(3)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/3/a)
[^c21852661]: Words in [s. 94(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/94/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23364591]: Words in [s. 94(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/94/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 73(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/73/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364611]: Words in [s. 94(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/94/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 73(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/73/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369471]: Words in [s. 94(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/94/1) substituted (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 4(2)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/4/2)
[^c23369461]: [S. 94(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/94/2) repealed (with effect in accordance with s. 80(3)(4) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 4(3)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/4/3), [Sch. 11 Pt. 2(5)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/5), Note
[^c21847241]: [S. 95(1)(1A)(1B)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1/1A/1B/2) substituted for s. 95(1)-(3) (with effect in accordance with [Sch. 7 para. 8(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/8/3) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 7 para. 8(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/8/1)
[^c21849001]: [S. 95(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1) substituted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/2)
[^c21849021]: Words in [s. 95(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A) substituted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(3)(a)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/3/a)
[^c21849121]: [S. 95(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A/b) repealed (with effect in accordance with s. 24(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(3)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/3/b), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 1
[^c21849041]: Words in [s. 95(1A)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A/c) substituted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(3)(c)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/3/c)
[^c21849131]: [S. 95(1A)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A/d) repealed (with effect in accordance with s. 24(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(3)(d)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/3/d), [Sch. 8 pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 1
[^c21849061]: [S. 95(1A)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A/e) inserted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(3)(e)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/3/e)
[^c21849141]: [S. 95(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1B) repealed (with effect in accordance with s. 24(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/4), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 1
[^c21849151]: Words in [s. 95(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/2) repealed (with effect in accordance with s. 24(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(5)(a)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/5/a), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 1
[^c21849081]: Words in [s. 95(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/2/a) inserted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(5)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/5/b)
[^c21849101]: [S. 95(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/2A) inserted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/6)
[^c21849171]: [S. 95(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/4/5) repealed (with effect in accordance with s. 24(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(7)(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/7/8). {Sch. 8 Pt. 2(8)}
[^c23354741]: [S. 95(1A)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A/e) repealed (with effect in accordance with Sch. 43 Pt. 3(6) Note of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 43 Pt. 3(6)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/6)
[^c23356591]: [S. 95(1C)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1C) inserted (2.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 137(2)(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/137/2/6)
[^c23364651]: Words in [s. 95(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 74(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/74/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358671]: [S. 95(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 74(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/74/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364671]: Words in [s. 95(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 74(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/74/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573031]: SOURCE-1970 s. 139
[^c21852681]: Words in [s. 97](https://www.legislation.gov.uk/ukpga/1988/1/section/97) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23364691]: Words in [s. 98(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/98/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 77(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/77/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364711]: Words in [s. 98(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/98/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 77(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/77/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364731]: Words in [s. 98(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/98/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 77(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/77/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573061]: SOURCE-1970 s. 142(1)
[^c21573071]: SOURCE-1970 s. 142(2), (4)
[^c21573081]: SOURCE-1970 s. 142(2), (4)
[^c21852691]: Words in [s. 99(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/99/1/2) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23364751]: Words in [s. 99(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/99/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 78(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/78/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364771]: Words in [s. 99(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/99/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 78(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/78/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364791]: Words in [s. 99(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/99/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 78(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/78/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364831]: Words in [s. 99(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/99/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 78(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/78/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364851]: Words in [s. 99(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/99/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 78(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/78/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23394171]: [S. 76ZE](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZE) applied (with modifications) (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 2 para. 139(3)(4)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/paragraph/139/3/4) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23418131]: [S. 76ZN](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZN) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 44](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/44) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c21573091]: *See*—1988(F) Sch.12 para.2—*building societies converting to companies.*[Trustee Savings Bank Act 1985 (c.58)](https://www.legislation.gov.uk/ukpga/1985/58) s.5*and* Sch.2 para.6(1)—*this provision not to apply to the discontinuance of an existing bank under the* TSB Act 1985.
[^c21573101]: Source—1970 s.137(1)
[^c21573111]: Source—1970 s.137(4)
[^c21829261]: Words in [s. 100(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1/a) substituted (with application in accordance with [s. 140(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/140/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 140(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/140/1)
[^c21829301]: [S. 100(1A)-(1G)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1A) inserted (with application in accordance with [s. 140(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/140/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), by {s. 140(1)}
[^c21829321]: [1988 c. 39](https://www.legislation.gov.uk/ukpga/1988/39).
[^c21852711]: Words in [s. 100(1)(1D)(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1/1D/1E) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21861421]: [S. 100](https://www.legislation.gov.uk/ukpga/1988/1/section/100) excluded (24.2.2003) by [Proceeds of Crime Act 2002 (c. 29)](https://www.legislation.gov.uk/ukpga/2002/29), [s. 458(1)](https://www.legislation.gov.uk/ukpga/2002/29/section/458/1), [Sch. 10 para. 11(3)](https://www.legislation.gov.uk/ukpga/2002/29/schedule/10/paragraph/11/3); [S.I. 2003/120](https://www.legislation.gov.uk/uksi/2003/120), [art. 2](https://www.legislation.gov.uk/uksi/2003/120/article/2), [Sch.](https://www.legislation.gov.uk/uksi/2003/120/schedule) (with [arts. 3-7](https://www.legislation.gov.uk/uksi/2003/120/article/3) (as amended by [S.I. 2003/333](https://www.legislation.gov.uk/uksi/2003/333), [art. 14](https://www.legislation.gov.uk/uksi/2003/333/article/14)))
[^c21861211]: [S. 100(1B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1B/a) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 105(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/105/1), [Sch. 40 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/17)
[^c21861221]: [S. 100(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/3) inserted (with application in accordance with [s. 106(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/106/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 106(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/106/1)
[^c23356611]: [S. 100(1ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1ZA) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/2/2)
[^c23364871]: Words in [s. 100(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364891]: Words in [s. 100(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1A/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364911]: Words in [s. 100(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1A/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364931]: Words in [s. 100(1C)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1C/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364951]: Word in [s. 100(1D)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1D) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364971]: Words in [s. 100(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1E) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364991]: Words in [s. 100(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1E) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358721]: Words in [s. 100(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/2/b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/7), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573121]: Source—1970 s.138(1)
[^c21573131]: Source—1970 s.138(3)
[^c21573141]: Source—1970 s.138(5)
[^c21834931]: Words in [s. 101(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/2) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 3(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/3/2)
[^c21834951]: [S. 101(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/2A) inserted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 3(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/3/3)
[^c21852741]: Words in [s. 101(1)(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/1/2/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23365011]: Words in [s. 101(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358781]: Words in [s. 101(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358791]: Words in [s. 101(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365031]: Words in [s. 101(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358841]: [S. 101(2A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/2A/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/4/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358811]: Words in [s. 101(2A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/2A/b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/4/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358861]: Words in [s. 101(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573151]: Source—1970 s.137(2), 138(2)
[^c21573161]: Source—1970 s.137(3), 138(4)
[^c21834971]: Words in [s. 102(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/1/a) substituted (with effect in accordance with [Sch. 22 para. 12](https://www.legislation.gov.uk/ukpga/1996/8/schedule/22/paragraph/12) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 22 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/22/paragraph/11)
[^c21852761]: Words in [s. 102(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23358901]: Words in [s. 102(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 81(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/81/2/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365051]: Words in [s. 102(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 81(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/81/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358921]: Words in [s. 102(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 81(3)(a)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/81/3/a/d), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365071]: Words in [s. 102(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 81(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/81/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365091]: Word in [s. 102(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 81(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/81/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573171]: Source—1970 s.143; 1983 s.27(b)
[^c21573181]: [Sch.7 para.36(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/36/3) [Copyright Designs and Patents Act 1988 (c.48)](https://www.legislation.gov.uk/ukpga/1988/48)*in force on* 1*August* 1989. (*Commencement order*—S.I. [1989 No.816](https://www.legislation.gov.uk/ukcm/1989/816)—*not reproduced*).
[^c21826461]: Words in [s. 103(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/4/b) inserted (with effect in accordance with [s. 144(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 144(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/3/b)
[^c21826491]: [S. 103(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/4A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 144(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/5)
[^c21852771]: Words in [s. 103(1)(2)(a)(b)(4)(a)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/1/2/a/b/4/a/5) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23365111]: Words in [s. 103(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358951]: Words in [s. 103(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365131]: Words in [s. 103(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365151]: Word in [s. 103(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(3)(a)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/3/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365171]: Word in [s. 103(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(3)(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/3/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365191]: Word in [s. 103(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(3)(a)(iii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/3/a/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358971]: [S. 103(3)(b)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/3/b/bb) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23423281]: Words in [s. 103(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/3/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369491]: Words in [s. 103(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/4/b) substituted (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 5(2)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/5/2)
[^c23369271]: [S. 103(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/4A) repealed (with effect in accordance with s. 80(3)(4) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 5(3)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/5/3), [Sch. 11 Pt. 2(5)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/5), Note
[^c23369511]: Words in [s. 103(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/5) substituted (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 5(5)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/5/5)
[^c21573191]: Source—1970 s.144(1)
[^c21573211]: Source—1970 s.144(3), (4)
[^c21852841]: Words in [s. 104(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/1/2) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21853831]: [S. 104(4)(5)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/4/5/7) repealed (with application in accordance with Sch. 27 Pt. 3(6) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/6)
[^c23365231]: Words in [s. 104(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 83(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/83/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359011]: Words in [s. 104(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 83(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/83/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365251]: Words in [s. 104(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 83(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/83/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365271]: Words in [s. 104(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 83(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/83/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359031]: Words in [s. 104(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 83(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/83/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573221]: Source—1970 s.145
[^c21835011]: [S. 105](https://www.legislation.gov.uk/ukpga/1988/1/section/105) modified by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s. 15A](https://www.legislation.gov.uk/ukpga/1990/1/section/15A) (as inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 201](https://www.legislation.gov.uk/ukpga/1996/8/section/201), [Sch. 39 para. 1(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/1/2))
[^c21852921]: Words in [s. 105(1)(a)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/1/a/4) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21853881]: [S. 105(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/4) repealed (with application in accordance with Sch. 27 Pt. 3(6) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/6)
[^c23365291]: Words in [s. 105(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 84(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/84/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365331]: Word in [s. 105(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 84(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/84/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365351]: Word in [s. 105(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 84(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/84/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365371]: Words in [s. 105(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 84(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/84/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23376861]: Words in [s. 105(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 10](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/10), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21573231]: Source—1970 s.147
[^c21852931]: Word in [s. 106(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/106/2) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23365411]: Words in [s. 106(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/106/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 85(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/85/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365431]: Words in [s. 106(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/106/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 85(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/85/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365451]: Words in [s. 106(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/106/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 85(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/85/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365471]: Words in [s. 106(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/106/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 85(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/85/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365491]: Words in [s. 106(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/106/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 85(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/85/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573271]: Source—1970 s.151(1)
[^c21573291]: Source—1970 s.151(2)-(5)
[^c21852991]: Words in [s. 110(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/110/3/4/5) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23365571]: [S. 110(1A)-(1D)](https://www.legislation.gov.uk/ukpga/1988/1/section/110/1A) subsituted for s. 110(2) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 90](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/90) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23377191]: Words in [s. 110(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/110/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 12](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/12) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22730011]: [S. 111](https://www.legislation.gov.uk/ukpga/1988/1/section/111) modified (1.5.1995) by Finance Act [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)
[^c22730031]: [S. 111](https://www.legislation.gov.uk/ukpga/1988/1/section/111) excluded (subsection (1) excepted) (with application in accordance with s. 44 of the excluding act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(1)(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/1/2), [Sch. 6 para. 6(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/6/paragraph/6/6)
[^c22730041]: [S. 111](https://www.legislation.gov.uk/ukpga/1988/1/section/111) excluded (subsection (1) excepted) (with effect in accordance with s. 64 and Sch. 22 paras. 16-18 of the excluding Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 22 para. 13(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/22/paragraph/13/6)
[^c23365591]: Words in [s. 111(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/111/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 92(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/92/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573401]: Source—1970 s.155(1); 1973 s.31(5); 1980 s.39(3)
[^c21573411]: Source—1970 s.155(2); 1972 s.107(2)
[^c21826551]: [S. 114(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/114/1) modified (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 172(4)-(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/172/4)
[^c21826581]: Words in [s. 114(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/114/1) inserted (with effect in accordance with [s. 215(4)(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/215/4/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 215(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/215/2) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c21826661]: [S. 114(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/114/4) repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 215(3)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/215/3/a), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(a) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c21831731]: Words in [s. 114(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/114/1) inserted (with effect in accordance with [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/4)
[^c21831771]: [S. 114(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/114/3) repealed (with effect in accordance with [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 218(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/218/1)) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(15)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/15), Note 1
[^c23385131]: [S. 115(5C)](https://www.legislation.gov.uk/ukpga/1988/1/section/115/5C) inserted (retrospectively) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 58(1)(4)](https://www.legislation.gov.uk/ukpga/2008/9/section/58/1/4)
[^c21827331]: [S. 115(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/115/1)(6) repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 215(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/215/3/b), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(a) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c21832551]: [S. 115(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/115/4/5) substituted (with effect in accordance with [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/5)
[^c23354721]: Words in [s. 115(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/115/4/b) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23365611]: [S. 115(5)-(5B)](https://www.legislation.gov.uk/ukpga/1988/1/section/115/5) substituted for s. 115(5) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 95(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/95/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23426381]: [S. 115(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/115/5) modified (with retrospective effect) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 58(5)(6)(b)](https://www.legislation.gov.uk/ukpga/2008/9/section/58/5/6/b)
[^c21573471]: Source—1973 s.31(1)-(5), (9), 32(6)
[^c21853931]: [S. 116(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/116/2/d) repealed (with effect in accordance with Sch. 3 para. 10(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 10(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/10/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21859591]: [S. 116(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/116/4/b) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 21](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/21)
[^c23365631]: Word in [s. 116(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/116/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 96](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/96) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573601]: Source—1985 Sch.12 3(1)-(3)
[^c21573611]: Words in [s. 118(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/1) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 4(a)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/4/a)(in relation to losses incurred in accounting periods ending on or after 1.4.1991)
[^c21573631]: Source—1985 Sch.12 3(4), 1, 4
[^c21573641]: Words in [s. 118(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/2) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 4(b)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/4/b)(in relation to losses incurred in accounting periods ending on or after 1.4.1991)
[^c21853941]: Words in [s. 118(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/1/2) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 35](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/35)
[^c21853301]: Words in [s. 118(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21860031]: Words in [s. 118(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/1) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 23(1)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/1/a), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c21860111]: Words in [s. 118(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/1) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 23(1)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/1/b), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c21860071]: [S. 118(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/1/b) and preceding word repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 23(1)(c)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/1/c), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c21860121]: Words in [s. 118(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/2) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 23(2)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/2/a) {Sch. 4} (with Sch. 2 para. 23(3))
[^c21860131]: Words in [s. 118(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/2/b) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 23(2)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/2/b), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 2 para. 23(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/3))
[^c21860091]: [S. 118(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/2/b) and preceding word repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 23(2)(c)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/2/c), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 2 para. 23(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/3))
[^c23377231]: [S. 118(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/2): definition of "limited partner" inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 14(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/14/2) (with Sch.. 2)
[^c23376931]: Words in [s. 118(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 14(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/14/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376951]: Words in [s. 118(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 14(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/14/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377251]: [S. 118(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/3) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 14(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/14/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21860751]: [S. 118ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZA) substituted (retrospective to 6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 75(1)(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/75/1/6)
[^c23365651]: Words in [s. 118ZA(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZA/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 97(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/97/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365671]: Words in [s. 118ZA(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZA/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 97(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/97/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23377281]: [S. 118ZB](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZB) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 15](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/15) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23357671]: [S. 118ZC(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZC/5) inserted (retrospective to 2.12.2004) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 73(3)(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/73/3/5)
[^c23377301]: Words in [s. 118ZC(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZC/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 16(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/16/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376971]: Words in [s. 118ZC(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZC/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 16(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/16/3/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377321]: Word in [s. 118ZC(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZC/2/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 16(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/16/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377341]: Word in [s. 118ZC(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZC/2/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 16(3)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/16/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377361]: Words in [s. 118ZC(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZC/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 16(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/16/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377441]: Word in [s. 118ZC(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZC/3/d) substituted (with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 16(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/16/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377451]: Words in [s. 118ZC(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZC/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 16(5)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/16/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377481]: Words in [s. 118ZC(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZC/4/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 16(5)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/16/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377501]: Words in [s. 118ZC(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZC/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 16(5)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/16/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376991]: [S. 118ZC(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZC/5) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 16(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/16/6), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377521]: Words in [s. 118ZD(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZD/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 17(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/17/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377011]: Words in [s. 118ZD(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZD/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 17(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/17/2/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377541]: Words in [s. 118ZD(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZD/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 17(2)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/17/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377571]: Words in [s. 118ZD(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZD/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 17(2)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/17/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377591]: Words in [s. 118ZD(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZD/1/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 17(2)(e)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/17/2/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377611]: Words in [s. 118ZD(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZD/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 17(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/17/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377651]: Words in [s. 118ZD(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZD/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 17(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/17/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377661]: Words in [s. 118ZD(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZD/2/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 17(3)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/17/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377701]: Words in [s. 118ZD(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZD/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 17(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/17/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377711]: Words in [s. 118ZD(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZD/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 17(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/17/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377751]: Words in [s. 118ZD(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZD/3/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 17(4)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/17/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21573671]: Source—1970 s.156
[^c21573681]: [S. 119(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/119/1) excluded (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 201(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/2), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21573691]: Words in [s. 119(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/119/1) inserted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(4)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/4) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21832621]: Words in [s. 119(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/119/1) repealed (with effect in accordance with s. 145(3), Sch. 29 Pt. 8(22) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 145(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/145/1), [Sch. 29 Pt. 8(22)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/22)
[^c21832661]: Words in [s. 119(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/119/2) repealed (with effect in accordance with Sch. 29 Pt. 8(22) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(22)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/22)
[^c21861441]: Word in [s. 119(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/119/3) repealed (S.) (28.11.2004) by Abolition of Feudal Tenure etc. (Scotland) Act (asp 5), ss. 71, 77(2), Sch. 12 para. 50(3), {Sch. 13 Pt. 1}; [S.S.I. 2003/456](https://www.legislation.gov.uk/ssi/2003/456), [art. 2](https://www.legislation.gov.uk/ssi/2003/456/article/2)
[^c23365901]: Word in [s. 119(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/119/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 103](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/103) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573701]: Source—1970 s.157
[^c21847521]: Words in [s. 120(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/1) inserted (with effect in accordance with [s. 60(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/60/5) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 60(2)(a)](https://www.legislation.gov.uk/ukpga/1997/16/section/60/2/a)
[^c21847561]: Words in [s. 120(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/1) repealed (with effect in accordance with s. 60(5), Sch. 18 Pt. 6(2) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 60(2)(b)](https://www.legislation.gov.uk/ukpga/1997/16/section/60/2/b), [Sch. 18 Pt. 6(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/2)
[^c21847541]: [S. 120(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/1A) inserted (with effect in accordance with [s. 60(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/60/5) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 60(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/60/3)
[^c21847571]: [S. 120(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/2) repealed (with effect in accordance with s. 60(5), Sch. 18 Pt. 6(2) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 60(4)](https://www.legislation.gov.uk/ukpga/1997/16/section/60/4), [Sch. 18 Pt. 6(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/2)
[^c21847611]: [S. 120(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/5/c) and preceding word repealed (with effect in accordance with s. 60(5), Sch. 18 Pt. 6(2) Note of the repealing Act) by Finance Act 1997, (c. 16), s. 60(5), {Sch. 18 Pt. 6(2)}
[^c23365921]: Word in [s. 120(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 104(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/104/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365941]: Words in [s. 120(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 104(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/104/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365961]: Words in [s. 120(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/1A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 104(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/104/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573711]: Source—1970 s.158(1), (2)
[^c21832671]: [S. 121(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/121/1) substituted for s. 121(1)(2) (with effect in accordance with [s.145(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/145/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 145(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/145/2)
[^c23359361]: [S. 121(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/121/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 105](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/105), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573811]: Source—1970(F) s.29(1), (3); 1971 Sch.9 4
[^c21573821]: [S. 122(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/1/b) and the word "and" immediately preceding it repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 20](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/20), [22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27)).
[^c21573841]: Source—1970(F) s.29(2)
[^c21573851]: [S. 122(3)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/3/8) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch.12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 20](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/20), [22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27)).
[^c21573881]: *For regulations see* Part III Vol.5.
[^c21573891]: [S. 122(5)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/5) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 203(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/203/1), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21573911]: [1966 c. 4](https://www.legislation.gov.uk/ukpga/1966/4).
[^c21573931]: [1969 c. 35 (N.I.)](https://www.legislation.gov.uk/apni/1969/35).
[^c21573941]: [1964 c. 28 (N.I.)](https://www.legislation.gov.uk/apni/1964/28).
[^c21573951]: [1903 c. 37](https://www.legislation.gov.uk/ukpga/1903/37).
[^c21832691]: Words in [s. 122(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/1) repealed (1.5.1995 with effect in accordance with Note to Sch. 29 Pt. 8(22) of the amending act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(22)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/22)
[^c23365991]: Words in [s. 122(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 106(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/106/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359371]: Words in [s. 122(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 106(2)(b)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/106/2/b/d), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23366011]: Word in [s. 122(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 106(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/106/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359411]: Words in [s. 122(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 106(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/106/3/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23366031]: Words in [s. 122(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 106(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/106/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359431]: [S. 122(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 106(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/106/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21574141]: Source—1977 s.48
[^c21574151]: *See* 1989 s.59—*rights of admission disregarded in the case of certain covenanted subscriptions.*
[^c23369551]: [S. 125(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/2/b) substituted (with retrospective effect in accordance with [s. 91(7)](https://www.legislation.gov.uk/ukpga/2005/7/section/91/7) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 91(2)](https://www.legislation.gov.uk/ukpga/2005/7/section/91/2)
[^c23366051]: [S. 125(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/2/a) and word substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 107(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/107/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23366071]: Words in [s. 125(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 107(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/107/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369651]: Words in [s. 125(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/1) repealed (with effect in accordance with s. 38(7)(13) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23377031]: Words in [s. 125(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 21(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/21/2/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377771]: Words in [s. 125(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 21(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/21/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377051]: Words in [s. 125(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/2/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 21(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/21/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377791]: Word in [s. 125(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/3) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 21(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/21/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377091]: [S. 125(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/3/d) and preceding word repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 21(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/21/4/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21574281]: Source—1985 s.72(1), (2); 1987 (No.2) s.81(1)
[^c21574291]: Words in [s. 128](https://www.legislation.gov.uk/ukpga/1988/1/section/128) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(7)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/7) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21861281]: Words in [s. 128](https://www.legislation.gov.uk/ukpga/1988/1/section/128) renumbered as s. 128(1) (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by virtue of [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 3(1)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/3/1/a) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c21861351]: Words in [s. 128](https://www.legislation.gov.uk/ukpga/1988/1/section/128) renumbered as s. 128(3) (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by virtue of [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 3(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/3/3) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c21574451]: *See*—1988 s.338(6)—*definition applied for purposes of* s.338(3) (*charges*).1988 s.576(5)—*definition applied for purposes of* ss.573 to 576 (*losses on unquoted shares in trading companies*).[Trustee Savings Banks Act 1985 (c.58)](https://www.legislation.gov.uk/ukpga/1985/58) s.5*and* Sch.2 para.6(6).
[^c23356841]: [S. 130](https://www.legislation.gov.uk/ukpga/1988/1/section/130) sidenote substituted (with effect in accordance with ss. 38(5), 42, 43 of the amending Act) by virtue of [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 38(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/38/4)
[^c21574741]: [S. 138](https://www.legislation.gov.uk/ukpga/1988/1/section/138) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss.120](https://www.legislation.gov.uk/ukpga/1992/12/section/120), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21574751]: Source—1972 s.79(1), (4)
[^c21574761]: Source—[1972 c.79](https://www.legislation.gov.uk/ukpga/1972/79)(1), (7)
[^c21574771]: Source—1972 s.79(2)(b), (3)(b), (8)
[^c21574781]: Source—1973 Sch.8 1
[^c21574791]: Source—1972 s.79(2)(c); 1973 Sch.8 4(1)(a)
[^c21574801]: Source—1972 s.79(2)(bb); 1984 s.40(1)
[^c21574811]: Source—1972 s.79(6)
[^c21574821]: Source—1973 Sch.8 1(b), 3; 1974 s.20(2)
[^c21574831]: Source—1973 Sch.8 2
[^c21574841]: Source—1972 s.79(2)(c); 1973 Sch.8 4(1)(a)
[^c21574851]: Source—1972 s.79(2A); 1973 Sch.8 4(1)(b)
[^c21574861]: Source—1972 s.79(2B); 1984 s.40(2)
[^c21574871]: Source—1972 s.79(5), (6); 1973 Sch.8 4(1)(c); 1986 s.26(4)
[^c21574881]: Source—1972 s.79(5A), (5B); 1986 s.26(3), (6)
[^c21574891]: Source—1972 s.79(3)(a); 1974 s.20(1)(b)
[^c21574901]: [Ss. 138](https://www.legislation.gov.uk/ukpga/1988/1/section/138), [139](https://www.legislation.gov.uk/ukpga/1988/1/section/139) repealed by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39) ss. 88, 148, Sch.14 Part VI in respect of shares issued on or after 26 October 1987, subject to transitional arrangements.
[^c23441861]: [Ss. 138-140](https://www.legislation.gov.uk/ukpga/1988/1/section/138) continued for specified purposes (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 418(4)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/4) (and as that affecting section 418 is substituted (with effect in accordance with [Sch. 22 para 2(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/2/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 22 para 2(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/2/1))
[^c23391981]: Words in [s. 138(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/138/1/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 16(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/16/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23392011]: Words in [s. 138(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/138/4/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 16(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/16/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21575111]: [Ss. 138](https://www.legislation.gov.uk/ukpga/1988/1/section/138), [139](https://www.legislation.gov.uk/ukpga/1988/1/section/139) repealed by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [ss. 88](https://www.legislation.gov.uk/ukpga/1988/39/section/88), [148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VI](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14) in respect of shares issued on or after 26 October 1987, subject to transitional arrangements.
[^c23441911]: [Ss. 138-140](https://www.legislation.gov.uk/ukpga/1988/1/section/138) continued for specified purposes (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 418(4)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/4) (and as that affecting section 418 is substituted (with effect in accordance with [Sch. 22 para 2(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/2/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 22 para. 2(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/2/1))
[^c21575011]: Source—1972 s.79(1A), (1B); 1984 s.41(1)
[^c21575021]: Source—1972 s.79(10), (11)
[^c21575031]: Source—1972 Sch.12 3; 1984 s.41(2)
[^c21575041]: Source—1972 Sch.12 3A; 1984 s.40(4)
[^c21575051]: Source—1973 Sch.8 5-7; 1982 s.41
[^c21575061]: Source—11982 s.41; 1986 s.23(4)
[^c21575071]: Source—1973 Sch.8 35; 1972 Sch.12 6, 8
[^c21575081]: Source—1972 s.79(6A); 1986 s.26(5)
[^c21575091]: Source—1972 s.79(4A); 1984 s.40(3)
[^c21575101]: Words in [s. 139(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/139/14) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(10)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/10) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21575731]: Source—1981 s.28; 1987 Sch.3 6
[^c22201601]: Words in [s. 152(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/152/1) inserted (7.10.1996) by [Jobseekers Act 1995 (c. 18)](https://www.legislation.gov.uk/ukpga/1995/18), [s. 41(2)(4)](https://www.legislation.gov.uk/ukpga/1995/18/section/41/2/4), [Sch. 2 para. 13](https://www.legislation.gov.uk/ukpga/1995/18/schedule/2/paragraph/13); [S.I. 1996/2208](https://www.legislation.gov.uk/uksi/1996/2208), [art. 2(b)](https://www.legislation.gov.uk/uksi/1996/2208/article/2/b)
[^c22277021]: Words in [s. 152(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/152/7) substituted (27.6.2002) by [The Secretaries of State for Education and Skills and for Work and Pensions Order 2002 (S.I. 2002/1397)](https://www.legislation.gov.uk/uksi/2002/1397), [Sch. para. 6](https://www.legislation.gov.uk/uksi/2002/1397/schedule/paragraph/6)
[^c21580051]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c21868021]: [S. 208](https://www.legislation.gov.uk/ukpga/1988/1/section/208) excluded (with effect in accordance with s. 230(3) of the excluding Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 219(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/219/4), [220](https://www.legislation.gov.uk/ukpga/1994/9/section/220)
[^c22731381]: [S. 208](https://www.legislation.gov.uk/ukpga/1988/1/section/208) excluded by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 219(4A)](https://www.legislation.gov.uk/ukpga/1994/9/section/219/4A), [220](https://www.legislation.gov.uk/ukpga/1994/9/section/220) (as that s. 219(4A) is inserted (with effect in accordance with [s. 22(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/7) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 22(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/4))
[^c22731391]: [S. 208](https://www.legislation.gov.uk/ukpga/1988/1/section/208) excluded (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1), [6(2)(a)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/6/2/a)
[^c22732721]: [s. 208](https://www.legislation.gov.uk/ukpga/1988/1/section/208) excluded (with effect in accordance with [s. 22(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/7) of the amending Act) by Finance Act1993 (c. 34), s. 171(4A) (as inserted by [1997 c. 58](https://www.legislation.gov.uk/ukpga/1997/58), [s. 22(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/4)),
[^c23397881]: [S. 208](https://www.legislation.gov.uk/ukpga/1988/1/section/208) modified (with retrospective effect) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [Sch. 3 para. 6(1)(2)](https://www.legislation.gov.uk/ukpga/2010/33/schedule/3/paragraph/6/1/2)
[^c21581151]: Source—1970 s.239
[^c21868001]: [Pt. 6 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/6/chapter/2) modified (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(1)(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/1/3), [Sch. 24 para. 14(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/14/5)
[^c21868371]: [Pt. 6 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/6/chapter/2) modified (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 13(5)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/13/5) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7), [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c21885271]: [Pt. 6 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/6/chapter/2) modified (8.11.1995) by [Gas Act 1995 (c. 45)](https://www.legislation.gov.uk/ukpga/1995/45), [s. 18(2)(c)](https://www.legislation.gov.uk/ukpga/1995/45/section/18/2/c), [Sch. 5 paras. 1](https://www.legislation.gov.uk/ukpga/1995/45/schedule/5/paragraph/1), [10(4)](https://www.legislation.gov.uk/ukpga/1995/45/schedule/5/paragraph/10/4)
[^c21581251]: Source—1970 s.233(1); 1980 s.45(2)
[^c21581261]: Source—1970 s.233(2)(a), (b), (c); 1972 Sch.22 1, 2(1)
[^c21581271]: Source—1970 s.233(2)(d)(iii); 1972 Sch.22 3(2)
[^c21581281]: Source—1970 s.233(d), (e); 1970(F) Sch.4 6; 1972 Sch.22 3(1)
[^c21581291]: [S. 209(2)(e)(vii)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/e/vii) and word "or" immediately preceding inserted (16.7.1992 with application where the interest or other distribution is paid after 14.5.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 31(1)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/31/1/4).
[^c21581301]: Source—1972 Sch.22 3(3)
[^c21581311]: Source—1970 s.233(3); 1972 Sch.22 4(3)
[^c21581321]: Source—1972 Sch.22 4(1), (2)
[^c21581331]: Source—1970 s.233(4)
[^c21581341]: Source—1972 Sch.22 2(2)
[^c21581351]: [S. 209(9)-(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/9) inserted (16.7.1992 with application where the interest or other distribution is paid after 14.5.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 31(2)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/31/2/4).
[^c21868391]: [S. 209(2)(da)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/da) inserted (with effect in accordance with [s. 87(7)(8)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/7/8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 87(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/1)
[^c21868411]: Words in [s. 209(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/e) substituted (with effect in accordance with [s. 87(7)(8)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/7/8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 87(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/2/a)
[^c21868471]: [S. 209(2)(e)(iv)(v)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/e/iv/v) repealed (with effect in accordance with s. 87(7)(8) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 87(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/2/b), [Sch. 29 Pt. 8(12)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/12), Note
[^c21868431]: Words in [s. 209(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/3) substituted (with effect in accordance with [s. 87(7)(8)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/7/8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 87(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/2/b)
[^c21868451]: [S. 209(8A)-(8F)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/8A) inserted (with effect in accordance with [s. 87(7)(8)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/7/8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 87(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/3)
[^c21891551]: Words in [s. 209(2)(e)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/e/ii) substituted (with effect in accordance with [Sch. 38 para. 6(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/b)
[^c21890701]: [S. 209(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/3A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/11) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22735861]: [S. 209(2)(da)(e)(vii)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/da/e/vii) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 11A](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/11A) (as inserted (with effect in accordance with [s. 79(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/79/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para 11](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/11) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25)))
[^c22735751]: Words in [s. 209(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/1) substituted (with effect in accordance with [s. 40(11)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/11) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(9)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/9)
[^c22735771]: [S. 209(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/3B) inserted (with application in accordance with [s. 86(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/86/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 86(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/86/1)
[^c22735881]: [S. 209(3AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/3AA) inserted (with effect in accordance with [s. 102(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/102/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 102(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/102/1)
[^c23396201]: [S. 209(2)(b)-(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/b) excluded (12.12.2006 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Taxation of Securitisation Companies Regulations 2006 (S.I. 2006/3296)](https://www.legislation.gov.uk/uksi/2006/3296), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/3296/regulation/1/1), [16](https://www.legislation.gov.uk/uksi/2006/3296/regulation/16)
[^c23394941]: [S. 209(2)(da)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/da) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 34(1)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/34/1/a), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23395031]: Words in [s. 209(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/e) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2)
[^c23395051]: Words in [s. 209(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/3) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23395071]: Words in [s. 209(3A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/3A/a) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23394961]: [S. 209(8A)-(8F)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/8A) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 34(1)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/34/1/b), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23396561]: [S. 209(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/1A) inserted (29.11.2007 with effect in accordance with reg. 3(1) of the amending S.I. (as retrospectively amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(1)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/1)) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 12](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/12)
[^c23396661]: [S. 209(2)(b)-(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/b) excluded (28.12.2007 with effect in accordance with reg. 1 of the affecting S.I.) by [The Taxation of Insurance Securitisation Companies Regulations 2007 (S.I. 2007/3402)](https://www.legislation.gov.uk/uksi/2007/3402), [reg. 8](https://www.legislation.gov.uk/uksi/2007/3402/regulation/8)
[^c21581361]: Source—1970 s.234(1), (2)
[^c21581371]: Source—1972 Sch.22 5(2), (3)
[^c21581381]: Source—1970 s.234(3); 1973 s.54
[^c23396391]: Words in [s. 210(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/210/4) substituted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 7(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/7/2)
[^c21581391]: Source—1970 s.235(1); 1972 Sch.22 6(1), (3)
[^c21581401]: Source—1972 Sch.22 6(2)
[^c21581411]: Source—1970 s.235 (2)-(5)
[^c23397511]: [Pt. 6 Chs. 1-3](https://www.legislation.gov.uk/ukpga/1988/1/part/6/chapter/1): power to amend conferred (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 533(2)(3)(d)](https://www.legislation.gov.uk/ukpga/2009/4/section/533/2/3/d)
[^c23396221]: Words in [s. 209A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/209A/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 22](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/22) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23394681]: Words in [s. 209B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/209B/4) substituted (10.7.2003 subject to Sch. 19 to the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 18 para. 3(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/18/paragraph/3/2)
[^c21581431]: Source—1982 s.60(1)-(4)
[^c21581441]: Words in [s. 212(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/212/1/b) inserted (16.7.1992 with application where the interest or other distribution is paid after 14.5.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 31(3)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/31/3/4).
[^c23395091]: Words in [s. 212(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/212/1/b) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23395141]: Words in [s. 212(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/212/3) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23395131]: [S. 212(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/212/4) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c21581451]: Source—1980 s.117, Sch.18 1-8, 23
[^c21581461]: 1990 s.89*and* Sch.14 para.3 (*correction of errors*)—*deemed always to have had effect. Previously* “(3)(1)(a)”.
[^c23394721]: Words in [s. 213(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/213/11/a) substituted (10.7.2003 subject to Sch. 19 to the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 18 para. 3(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/18/paragraph/3/3)
[^c21581471]: Source—1980 Sch.18 14
[^c21581491]: Source—1980 Sch.18 13
[^c22735921]: Words in [s. 214(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/214/1/c) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 1(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/1/3)
[^c23394741]: Words in [s. 214(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/214/2) substituted (10.7.2003 subject to Sch. 19 to the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 18 para. 3(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/18/paragraph/3/4)
[^c23395571]: Words in [s. 214(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/214/1/a) repealed (with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 111(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/111/2/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395591]: [S. 214(1)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/214/1/ab) inserted (with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 111(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/111/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395611]: [S. 214(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/214/1A/1B) inserted (with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 111(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/111/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23396241]: [S. 214(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/214/1/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 23](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/23), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21581501]: Source—1980 Sch.18 17
[^c21581511]: Source—1980 Sch.18 18
[^c23394761]: Words in [s. 215(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/215/2) substituted (10.7.2003 subject to Sch. 19 to the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 18 para. 3(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/18/paragraph/3/5)
[^c21581521]: Source—1980 Sch.18 19
[^c21581531]: Source—1980 Sch.18 20
[^c21581561]: Source—1980 Sch.18 23
[^c23396611]: [S. 218(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/218/1): definitions of "distributing company" and "exempt distribution" substituted (29.11.2007 with effect in accordance with reg. 3(1) of the amending S.I. (as retrospectively amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(1)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/1)) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 14(a)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/14/a)
[^c23396641]: [S. 218(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/218/1): definition of "relevant company" substituted (29.11.2007 with effect in accordance with reg. 3(1) of the amending S.I. (as retrospectively amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(1)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/1)) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 14(b)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/14/b)
[^c21581541]: Source—1980 Sch.18 21
[^c21581551]: Source—1980 Sch.18 22
[^c21581571]: Source—1982 s.53(1)-(3); 1986 s.100
[^c21581591]: Source—1982 Sch.9 1, 2
[^c23396021]: Words in [s. 220(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/220/6) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [49](https://www.legislation.gov.uk/uksi/2005/3229/regulation/49)
[^c23396371]: [S. 220(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/220/2) repealed (6.4.2007) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 8](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/8), [27(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/2), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15), Note
[^c21581611]: Words in [s. 220(2)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/220/2/9) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(14)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/14) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21581621]: Source—1982 Sch.9 3(1)
[^c21581631]: Source—1982 Sch.9 4
[^c21581641]: Source—1982 Sch.9 3(2)-(4)
[^c21581651]: Source—1982 Sch.9 3(5), (6)
[^c21581661]: [1985 c.6](https://www.legislation.gov.uk/ukpga/1985/6)
[^c21581671]: Source—1982 Sch.9 3(7)
[^c21581681]: Source—1982 Sch.9 5(1), (2)
[^c21581691]: Source—1982 Sch.9 6(1), (2)
[^c21581701]: Source—1982 Sch.9 6(3)
[^c21581711]: Source—1982 Sch.9 5(3)-(6)
[^c21581721]: Source—1982 Sch.9 5(7), 6(4)
[^c21581731]: Source—1982 Sch.9 5(8)-(10)
[^c21581741]: Source—1982 Sch.9 7
[^c21581751]: Source—1982 Sch.9 8
[^c21581761]: Source—1982 Sch.9 9
[^c21581771]: Source—1982 Sch.9 10
[^c21581781]: Source—1982 Sch.9 11
[^c21581791]: Source—1982 Sch.9 12
[^c21581801]: Source—1982 Sch.9 14
[^c23396061]: Words in [s. 227(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/227/2) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [50](https://www.legislation.gov.uk/uksi/2005/3229/regulation/50)
[^c23396081]: Words in [s. 227(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/227/5) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 9(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/9/a), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23396121]: Words in [s. 227(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/227/8/a) substituted (6.4.2006) by Finance Act 2004 (c 12), s. 284(1), Sch. 35 para. 7 (with Sch. 36)
[^c23396101]: Words in [s. 227(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/227/9) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 9(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/9/b), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c21581811]: Source—1982 Sch.9 15
[^c21581821]: Source—1982 Sch.9 16
[^c23396141]: Words in [s. 229(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/229/2) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 10(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/10/a), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23396161]: Words in [s. 229(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/229/2) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 10(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/10/b), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c21581831]: Source—1975 (No.2) Sch.8 6
[^c21581841]: Words in [s. 230](https://www.legislation.gov.uk/ukpga/1988/1/section/230) repealed (in relation to accounting periods beginning after 31.3.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Part V](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17)
[^c23395631]: Words in [s. 230](https://www.legislation.gov.uk/ukpga/1988/1/section/230) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 112](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/112) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21581871]: *See* 1989 s.107*and* Sch.12—*close companies.*
[^c21581881]: Source—1972 s.86; 1972 s.110(1)
[^c21581891]: *See*—s.94—*taxation of dealer's receipts on purchase by company of own shares.*[s.423](https://www.legislation.gov.uk/ukpga/1988/1/section/423)*et seq—close company income.*[s.448](https://www.legislation.gov.uk/ukpga/1988/1/section/448)—*overseas life assurance companies.*
[^c21581951]: *Repealed by* 1989 s.187*and* Sch.17 Part IV*but in accordance with* 1989 ss.110*and* 111.
[^c21893561]: [S. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) excluded by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 171(2B)](https://www.legislation.gov.uk/ukpga/1993/34/section/171/2B) (as inserted (with effect in accordance with [s. 22(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/7) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 22(1)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/1))
[^c21893581]: [S. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) excluded by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 171(4B)](https://www.legislation.gov.uk/ukpga/1993/34/section/171/4B) (as inserted (with effect in accordance with [s. 22(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/7) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 22(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/4))
[^c22732761]: Words in [s. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) substituted (with effect in accordance with [s. 30(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 30(2)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/2/b)
[^c21893641]: [S. 231(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1A) inserted (with effect in accordance with [s. 30(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 30(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/3)
[^c22732921]: [S. 231(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/2) repealed (with effect in accordance with s. 30(11), Sch. 8 Pt. 2(9) Note 3 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 30(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/4), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9) (with savings in [1998 c. 36](https://www.legislation.gov.uk/ukpga/1998/36), [s. 90(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/90/1) and [S.I. 1998/1871](https://www.legislation.gov.uk/uksi/1998/1871), [reg. 4(1)](https://www.legislation.gov.uk/uksi/1998/1871/regulation/4/1))
[^c22732861]: [S. 231(3A)-(3D)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/3A) repealed (with effect in accordance with s. 30(11), Sch. 8 Pt. 2(9) Note 3 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 30(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/7), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9)
[^c22735731]: [S. 231](https://www.legislation.gov.uk/ukpga/1988/1/section/231) excluded (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1), [6(2)(b)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/6/2/b)
[^c22734711]: [S. 231(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/4) applied (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 76(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/76/4)
[^c23396181]: [S. 231](https://www.legislation.gov.uk/ukpga/1988/1/section/231) excluded (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 121(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/121/5), [Sch. 17 para. 18(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/17/paragraph/18/2)
[^c23396771]: [S. 231](https://www.legislation.gov.uk/ukpga/1988/1/section/231) excluded by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/694)](https://www.legislation.gov.uk/uksi/2006/694), [regs. 69Z18(5)](https://www.legislation.gov.uk/uksi/2006/694/regulation/69Z18/5), [69Z19(2)](https://www.legislation.gov.uk/uksi/2006/694/regulation/69Z19/2) (as inserted (6.4.2008) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I. 2008/705)](https://www.legislation.gov.uk/uksi/2008/705), [regs. 1](https://www.legislation.gov.uk/uksi/2008/705/regulation/1), [5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5)
[^c23395651]: Words in [s. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch 1 para. 113(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/113/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23472711]: Words in [s. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) inserted (with effect in accordance with [s. 22(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/7) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 22(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/6)
[^c23395671]: Words in [s. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch 1 para. 113(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/113/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395231]: Words in [s. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 113(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/113/2/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395251]: [S. 231(3)(3AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/3/3AA) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 113(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/113/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395691]: Words in [s. 231(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch 1 para. 113(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/113/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21885251]: [S. 234](https://www.legislation.gov.uk/ukpga/1988/1/section/234) applied (16.8.1995) by [The Venture Capital Trust Regulations 1995 (S.I. 1995/1979)](https://www.legislation.gov.uk/uksi/1995/1979), [reg. 21(2)](https://www.legislation.gov.uk/uksi/1995/1979/regulation/21/2)
[^c21582181]: Source—1970 s.232(4); 1972 Sch.24 18
[^c21582191]: Words in [s. 234(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/234/1) substituted (with application in relation to distributions begun after 16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 32(2)(a)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/32/2/a/4).
[^c21582201]: [S. 234(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/234/3/4) repealed (with application in relation to distributions begun after 16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 32(2)(b)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/32/2/b/4), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 18 Pt.VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII).
[^c21582221]: Source—1972 Sch.21
[^c21582231]: 1989 s.107*and* Sch.12 para.11.*Previously* “paragraph 17 of Schedule 19 for the purposes of that Schedule”.
[^c23397291]: [S. 234A](https://www.legislation.gov.uk/ukpga/1988/1/section/234A) applied (with modifications) (1.4.2006 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/964/regulation/1/1), [70](https://www.legislation.gov.uk/uksi/2006/964/regulation/70) (as amended (1.9.2009) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2009 (S.I. 2009/2036)](https://www.legislation.gov.uk/uksi/2009/2036), [regs. 1](https://www.legislation.gov.uk/uksi/2009/2036/regulation/1), [2](https://www.legislation.gov.uk/uksi/2009/2036/regulation/2), [25](https://www.legislation.gov.uk/uksi/2009/2036/regulation/25))
[^c23397311]: [S. 234A](https://www.legislation.gov.uk/ukpga/1988/1/section/234A) applied (1.9.2009 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Investment Trusts (Dividends) (Optional Treatment as Interest Distributions) Regulations 2009 (S.I. 2009/2034)](https://www.legislation.gov.uk/uksi/2009/2034), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/2034/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2009/2034/regulation/21)
[^c23394591]: [S. 234A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/234A/4) excluded (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 493(3)](https://www.legislation.gov.uk/ukpga/2003/1/section/493/3) (with [s. 493(5)](https://www.legislation.gov.uk/ukpga/2003/1/section/493/5), [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23486891]: [S. 234A(4)-(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/234A/4) applied (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 2 para. 80(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/2/paragraph/80/4) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21891531]: [S. 234A(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/234A/8A) inserted (with application in accordance with [Sch. 37 para. 7](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/7) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 2(1)(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/2/1/2/a)
[^c22732981]: Words in [s. 231B(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/231B/4/b) repealed (with effect in accordance with Sch. 4 para. 26(2), Sch. 8 Pt. 2(10) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para 26(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/26/1), [Sch. 8 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/10)
[^c23395801]: Words in [s. 231B(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/231B/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 116](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/116) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23396351]: [S. 231B(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/231B/12): definition of "tax advantage" substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 26](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/26)
[^c23395171]: [S. 231AA(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA/1A) inserted (with effect in accordance with [Sch. 24 para. 1(4)(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/1/4/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 1(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/1/1)
[^c23396261]: Words in [s. 231AA(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 24(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/24/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23396281]: [S. 231AA(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA/1A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 24(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/24/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23396411]: Words in [s. 231AA(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA/1) substituted (with effect in accordance with [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 14 para. 2(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/2/2/a); [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)
[^c23396431]: Words in [s. 231AA(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA/1) substituted (with effect in accordance with [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 14 para. 2(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/2/2/b); [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)
[^c23396461]: [S. 231AA(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA/3) substituted (with effect in accordance with [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 14 para. 2(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/2/3); [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)
[^c23396481]: Words in [s. 231AA(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA/4) repealed (with effect in accordance with s. 47(4) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 14 para. 2(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/2/4), [Sch. 27 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/14); [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)
[^c23396501]: [S. 231AA(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA/5) inserted (with effect in accordance with [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 14 para. 2(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/2/5); [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)
[^c23395191]: [S. 231AB(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AB/1A) inserted (with effect in accordance with [Sch. 24 para. 1(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/1/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 1(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/1/2)
[^c23396301]: Words in [s. 231AB(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AB/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 25(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/25/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23396321]: [S. 231AB(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AB/1A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 25(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/25/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23396521]: [S. 231AB(1)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AB/1/a) substituted (with effect in accordance with [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 14 para. 3(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/3/2); [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)
[^c23396541]: [S. 231AB(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AB/2) substituted (with effect in accordance with [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 14 para. 3(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/3/3); [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)
[^c21583561]: *See* Sch.10 para.5—*profit sharing schemes.*
[^c21583571]: Source—1975 (No.2) s.34(1)-(6)
[^c21583581]: *Words repealed by* 1989 s.187*and* Sch.17 Part V*in relation to accounting periods beginning after* 31*March* 1989.
[^c23395821]: Words in [s. 249(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/249/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch 1 para. 119(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/119/2)
[^c23395361]: [S. 249(4)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/249/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 119(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/119/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395841]: Words in [s. 249(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/249/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by virtue of [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 119(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/119/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395421]: Words in [s. 249(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/249/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 119(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/119/4/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395861]: Words in [s. 249(9)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/249/9/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 119(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/119/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21583661]: Source—1975 (No.2) Sch.8 7(1)
[^c21583671]: Source—1975 (No.2) Sch.8 7(2)
[^c21583681]: Source—1975 (No.2) Sch.8 7(3)-(6)
[^c21583691]: Words in [s. 250(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/250/7) repealed by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Part V](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17) (in relation to accounting periods beginning after 31 March 1989).
[^c23395901]: Words in [s. 250(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/250/5/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 120(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/120/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395921]: Words in [s. 250(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/250/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 120(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/120/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21583751]: Source—1975 (No.2) s.34(8)(a)-(d)
[^c21891881]: [S. 251(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/251/1/c) applied (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 7 para. 4(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/4/2)
[^c23395441]: [S. 251(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/251/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 121](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/121), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21583831]: Source—1972 s.102; (No.2) s.88(5)-(7)
[^c21583821]: [S. 252](https://www.legislation.gov.uk/ukpga/1988/1/section/252) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 80(8)](https://www.legislation.gov.uk/ukpga/1993/34/section/80/8)
[^c21885211]: [S. 252](https://www.legislation.gov.uk/ukpga/1988/1/section/252) modified (16.8.1995) by [The Venture Capital Trust Regulations 1995 (S.I. 1995/1979)](https://www.legislation.gov.uk/uksi/1995/1979), [reg. 15(4)(5)](https://www.legislation.gov.uk/uksi/1995/1979/regulation/15/4/5)
[^c21885231]: [S. 252](https://www.legislation.gov.uk/ukpga/1988/1/section/252) applied (16.8.1995) by [The Venture Capital Trust Regulations 1995 (S.I. 1995/1979)](https://www.legislation.gov.uk/uksi/1995/1979), [reg. 20](https://www.legislation.gov.uk/uksi/1995/1979/regulation/20)
[^c22733931]: [S. 252](https://www.legislation.gov.uk/ukpga/1988/1/section/252) modified (31.7.1997) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 35(10)](https://www.legislation.gov.uk/ukpga/1997/58/section/35/10)
[^c21583841]: [S. 252(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/252/4) power exercised: 30.9.1993 appointed for the purposes of s. 252(2)(3) by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/b).
[^c21583861]: *See* 1989 s.157(1)*for reckonable date for interest charge under* 1970(M) s.86*where assessment made to recover corporation tax payable as the result of a claim under* s.240*made on or after* 14*March* 1989. (*Ceases to have effect for accounting periods ending after the day appointed for the purposes of* s.86).
[^c22735471]: [S. 252(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/252/1/a) repealed (with effect in accordance with Sch. 3 para. 21(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 21(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/21/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21583871]: Source—1972 s.108
[^c22735491]: [S. 253(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/253/1/b) repealed (with effect in accordance with Sch. 3 para. 22(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 22(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/22/2/a), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22735511]: Words in [s. 253(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/253/1) repealed (with effect in accordance with Sch. 3 para. 22(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 22(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/22/2/b), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22735551]: [S. 253(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/253/2) repealed (with effect in accordance with Sch. 3 para. 22(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 22(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/22/3), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22735531]: Words in [s. 253(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/253/3/a) repealed (with effect in accordance with Sch. 3 para. 22(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 22(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/22/4), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21583881]: Source—1970 s.237(1), (3), (5); 1972 Sch.22 10(4)
[^c21583911]: Source—1972 Sch.22 10(1)-(3)
[^c21583921]: Source—1970 s.237(1)
[^c21583931]: Source—1972 Sch.22 8
[^c21583941]: Source—1972 Sch.22 9
[^c21583951]: Source—1970 s.237 (2)
[^c21583961]: Source—1970 s.237(4)
[^c21583971]: Source—1970 s.237(6)
[^c21583981]: Source—1970 s.237(7)
[^c21891591]: Words in [s. 254(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/254/11) substituted (with effect in accordance with [Sch. 38 para. 6(6)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(d)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/d)
[^c21890661]: [Pt. 6](https://www.legislation.gov.uk/ukpga/1988/1/part/6) modified by [Airports Act 1986 (c. 31)](https://www.legislation.gov.uk/ukpga/1986/31), [s. 77(3)](https://www.legislation.gov.uk/ukpga/1986/31/section/77/3) (as substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15)))
[^c21890681]: [Pt. 6](https://www.legislation.gov.uk/ukpga/1988/1/part/6) modified by [Gas Act 1986 (c. 44)](https://www.legislation.gov.uk/ukpga/1986/44), [s. 60(3)](https://www.legislation.gov.uk/ukpga/1986/44/section/60/3) (as substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 4](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/4) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15)))
[^c21890911]: [Pt. 6](https://www.legislation.gov.uk/ukpga/1988/1/part/6) modified by [British Steel Act 1988 (c. 35)](https://www.legislation.gov.uk/ukpga/1988/35), [s. 11(7)](https://www.legislation.gov.uk/ukpga/1988/35/section/11/7) (as substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 55](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/55) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15)))
[^c21584011]: Source-1970 s.5; 1971 Sch.4 3; 1975 (No.2) s.31(3); 1976 Sch.4 3(1), 18(1)
[^c21584021]: “287 and 288” *repealed by* 1988(F) Sch.14 Part. VIII*for* 1990-91*and subsequent years. And see* 1970(M) ss.42*and* 43—*procedure on claims and appeals.*
[^c21866331]: [S. 256](https://www.legislation.gov.uk/ukpga/1988/1/section/256) renumbered as s. 256(1) (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by Finance Act [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9), [s. 77(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/1)
[^c21866351]: [S. 256(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/256/2/3) inserted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by Finance Act [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9), [s. 77(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/2)
[^c23414651]: Words in [s. 256(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/256/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 27(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/27/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414671]: Words in [s. 256(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/256/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 27(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/27/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414691]: Words in [s. 256(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/256/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 27(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/27/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414311]: [S. 256(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/256/3) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 27(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/27/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21584101]: [Ss. 257-257F](https://www.legislation.gov.uk/ukpga/1988/1/section/257) substituted for s. 257 (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 33](https://www.legislation.gov.uk/ukpga/1988/39/section/33)
[^c21584131]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.677](https://www.legislation.gov.uk/ukcm/1990/677), [arts.2(1)(3)](https://www.legislation.gov.uk/ukcm/1990/677/article/2/1/3) (*in* Part III Vol.5)*for* 1990-91.
[^c21584171]: 1989 s.33 for 1990-91*and subsequent years.*
[^c22732341]: [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amended (1991-92) by [S.I. 1991/732](https://www.legislation.gov.uk/uksi/1991/732), [art. 2(3)](https://www.legislation.gov.uk/uksi/1991/732/article/2/3) [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amended (1992-93) by [S.I. 1992/622](https://www.legislation.gov.uk/uksi/1992/622), [art. 2(3)](https://www.legislation.gov.uk/uksi/1992/622/article/2/3) [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amounts specified (1993-94) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 52](https://www.legislation.gov.uk/ukpga/1993/34/section/52) (in place of [S.I. 1993/755](https://www.legislation.gov.uk/uksi/1993/755), [art. 2(3)](https://www.legislation.gov.uk/uksi/1993/755/article/2/3)) [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amounts specified (1994-95) by [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9), [s. 76](https://www.legislation.gov.uk/ukpga/1994/9/section/76) (in place of [S.I. 1993/2948](https://www.legislation.gov.uk/uksi/1993/2948), [art. 2(3)](https://www.legislation.gov.uk/uksi/1993/2948/article/2/3)) [S. 257(1)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/5) amended (1995-96) by [S.I. 1994/3012](https://www.legislation.gov.uk/uksi/1994/3012), [art. 2(3)(a)(d)](https://www.legislation.gov.uk/uksi/1994/3012/article/2/3/a/d) [S. 257(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3) amended (1995-96) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 36](https://www.legislation.gov.uk/ukpga/1995/4/section/36) (in place of [S.I. 1994/3012](https://www.legislation.gov.uk/uksi/1994/3012), [art. 2(3)(b)(c)](https://www.legislation.gov.uk/uksi/1994/3012/article/2/3/b/c)) [S. 257(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/5) amended (1996-97) by [S.I. 1995/3031](https://www.legislation.gov.uk/uksi/1995/3031), [art. 2(3)(d)](https://www.legislation.gov.uk/uksi/1995/3031/article/2/3/d) [S. 257(1)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/2/3) amended (1996-97) by [1996 c. 8](https://www.legislation.gov.uk/ukpga/1996/8), [s. 74(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/74/2) (in place of [S.I. 1995/3031](https://www.legislation.gov.uk/uksi/1995/3031), [art. 2(3)(a)-(c)](https://www.legislation.gov.uk/uksi/1995/3031/article/2/3/a)) [S. 257(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/5) amended (1997-98) by [S.I. 1996/2952](https://www.legislation.gov.uk/uksi/1996/2952), [art. 2(3)(d)](https://www.legislation.gov.uk/uksi/1996/2952/article/2/3/d) [S. 257(1)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/2/3) amended (1997-98) by [1997 c. 16](https://www.legislation.gov.uk/ukpga/1997/16), [s. 55(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/55/2) (in place of [S.I. 1996/2952](https://www.legislation.gov.uk/uksi/1996/2952), [art. 2(3)(a)-(c)](https://www.legislation.gov.uk/uksi/1996/2952/article/2/3/a)) [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amended (1998-99) by [S.I. 1998/755](https://www.legislation.gov.uk/uksi/1998/755), [art. 2(3)](https://www.legislation.gov.uk/uksi/1998/755/article/2/3) [S. 257(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1) amended (1999-00) by [S.I. 1998/2704](https://www.legislation.gov.uk/uksi/1998/2704), [art. 2](https://www.legislation.gov.uk/uksi/1998/2704/article/2) [S. 257(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/5) amended (1999-00) by [S.I. 1999/597](https://www.legislation.gov.uk/uksi/1999/597), [art. 2(3)(c)](https://www.legislation.gov.uk/uksi/1999/597/article/2/3/c) [S. 257(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3) amended (1999-00) by [1999 c. 16](https://www.legislation.gov.uk/ukpga/1999/16), [s. 24(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/24/1) (in place of [S.I. 1999/597](https://www.legislation.gov.uk/uksi/1999/597), [art. 2(3)(a)(b)](https://www.legislation.gov.uk/uksi/1999/597/article/2/3/a/b)) [S. 257(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1) amended (2000-01) by [S.I. 1999/3038](https://www.legislation.gov.uk/uksi/1999/3038), [art. 2](https://www.legislation.gov.uk/uksi/1999/3038/article/2) [S. 257(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3/5) amended (2000-01) by [S.I. 2000/806](https://www.legislation.gov.uk/uksi/2000/806), [art. 2(3)](https://www.legislation.gov.uk/uksi/2000/806/article/2/3) [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amended (2001-02) by [S.I. 2000/2996](https://www.legislation.gov.uk/uksi/2000/2996), [art. 2(2)](https://www.legislation.gov.uk/uksi/2000/2996/article/2/2) [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amended (2002-03) by [S.I. 2001/3773](https://www.legislation.gov.uk/uksi/2001/3773), [art. 2(2)](https://www.legislation.gov.uk/uksi/2001/3773/article/2/2) [S. 257(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1) amended (2003-04) by [2002 c. 23](https://www.legislation.gov.uk/ukpga/2002/23), [s. 28(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/28/1) [S. 257(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3) amended (2003-04) by [2002 c. 23](https://www.legislation.gov.uk/ukpga/2002/23), [s. 29(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/29/1) [S. 257(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/5) amended (2003-04) by [S.I. 2002/2930](https://www.legislation.gov.uk/uksi/2002/2930), [art. 2(2)](https://www.legislation.gov.uk/uksi/2002/2930/article/2/2) [S. 257(1)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/5) amended (2004-05) by [S.I. 2003/3215](https://www.legislation.gov.uk/uksi/2003/3215), [art. 2(2)(a)(d)](https://www.legislation.gov.uk/uksi/2003/3215/article/2/2/a/d) [S. 257(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3) amended (2004-05) by [2004 c. 12](https://www.legislation.gov.uk/ukpga/2004/12), [s. 24(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/24/1) (in place of [S.I. 2003/3215](https://www.legislation.gov.uk/uksi/2003/3215), [art. 2(2)(b)(c)](https://www.legislation.gov.uk/uksi/2003/3215/article/2/2/b/c)) [S. 257(1)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/5) amended (2005-06) by [S.I. 2004/3161](https://www.legislation.gov.uk/uksi/2004/3161), [art. 2(2)(a)(d)](https://www.legislation.gov.uk/uksi/2004/3161/article/2/2/a/d) [S. 257(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3) amended (2005-06) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [s. 9(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/9/1) (in place of [S.I. 2004/3161](https://www.legislation.gov.uk/uksi/2004/3161), [art. 2(2)(b)(c)](https://www.legislation.gov.uk/uksi/2004/3161/article/2/2/b/c)) [S. 257(1)(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/2/3/5) amended (2006-07) by [S.I. 2005/3327](https://www.legislation.gov.uk/uksi/2005/3327), [art. 2(2)](https://www.legislation.gov.uk/uksi/2005/3327/article/2/2) [S. 257(1)(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/2/3/5) amended (2007-08) by [S.I. 2006/3241](https://www.legislation.gov.uk/uksi/2006/3241), [art. 2(2)](https://www.legislation.gov.uk/uksi/2006/3241/article/2/2) [S. 257(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/5) amended (2008-09) by [S.I. 2008/673](https://www.legislation.gov.uk/uksi/2008/673), [art. 2(3)(d)](https://www.legislation.gov.uk/uksi/2008/673/article/2/3/d) [S. 257(1)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/2/3) amended (2008-09) by [2008 c. 9](https://www.legislation.gov.uk/ukpga/2008/9), [ss. 2(1)(b)](https://www.legislation.gov.uk/ukpga/2008/9/section/2/1/b), [3(1)](https://www.legislation.gov.uk/ukpga/2008/9/section/3/1) (in place of [S.I. 2008/673](https://www.legislation.gov.uk/uksi/2008/673), [art. 2(3)(a)-(c)](https://www.legislation.gov.uk/uksi/2008/673/article/2/3/a)) [S. 257(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3/5) amended (2009-10) by [S.I. 2008/3024](https://www.legislation.gov.uk/uksi/2008/3024), [art. 2(b)(ii)-(iv)](https://www.legislation.gov.uk/uksi/2008/3024/article/2/b/ii) [S. 257(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1) amended (2009-10) by [2009 c. 10](https://www.legislation.gov.uk/ukpga/2009/10), [s. 3(1)(b)](https://www.legislation.gov.uk/ukpga/2009/10/section/3/1/b) (in place of [S.I. 2008/3024](https://www.legislation.gov.uk/uksi/2008/3024), [art. 2(b)(i)](https://www.legislation.gov.uk/uksi/2008/3024/article/2/b/i))
[^c22222711]: Words in [s. 257(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3) repealed (with effect as mentioned in s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 13](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/13), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c23411951]: [S. 257(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/5) modified (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 192(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/192/5), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23414711]: Words in [s. 257(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 29(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/29/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414731]: Words in [s. 257(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 29(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/29/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414751]: Words in [s. 257(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 29(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/29/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414771]: Words in [s. 257(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 29(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/29/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414791]: Words in [s. 257(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 29(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/29/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414811]: Words in [s. 257(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 29(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/29/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414831]: [S. 257(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/6) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 29(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/29/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21584381]: [S. 257A(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5) amended (1991-92) by [S.I. 1991/732](https://www.legislation.gov.uk/uksi/1991/732), [art. 2(4)(b)-(d)](https://www.legislation.gov.uk/uksi/1991/732/article/2/4/b) [S. 257A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/1) amended (1991-92) by [1991 c. 31](https://www.legislation.gov.uk/ukpga/1991/31), [s. 22(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/22/2) (in place of [S.I. 1991/732](https://www.legislation.gov.uk/uksi/1991/732), [art. 2(4)(a)](https://www.legislation.gov.uk/uksi/1991/732/article/2/4/a)) [S. 257A(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5) amended (1992-93) by [S.I. 1992/622](https://www.legislation.gov.uk/uksi/1992/622), [art. 2(4)(b)-(d)](https://www.legislation.gov.uk/uksi/1992/622/article/2/4/b) [S. 257A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/1) amended (1992-93) by [1992 c. 20](https://www.legislation.gov.uk/ukpga/1992/20), [s. 10(3)(5)](https://www.legislation.gov.uk/ukpga/1992/20/section/10/3/5) (in place of [S.I. 1992/622](https://www.legislation.gov.uk/uksi/1992/622), [art. 2(4)(a)](https://www.legislation.gov.uk/uksi/1992/622/article/2/4/a)) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amounts specified (1993-94) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 52](https://www.legislation.gov.uk/ukpga/1993/34/section/52) (in place of [S.I. 1993/755](https://www.legislation.gov.uk/uksi/1993/755), [art. 2(4)](https://www.legislation.gov.uk/uksi/1993/755/article/2/4)) [S. 257A(1)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/1/2/3) amended (1994-95) by [S.I. 1993/2948](https://www.legislation.gov.uk/uksi/1993/2948), [art. 2(4)(a)-(c)](https://www.legislation.gov.uk/uksi/1993/2948/article/2/4/a) [S. 257A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/5) amount specified (1994-95) [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9), [s. 78](https://www.legislation.gov.uk/ukpga/1994/9/section/78) (in place of [S.I. 1993/2948](https://www.legislation.gov.uk/uksi/1993/2948), [art. 2(4)(d)](https://www.legislation.gov.uk/uksi/1993/2948/article/2/4/d)) [S. 257A(1)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/1/2/3) amended (1995-96) by [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9), [s. 77(9)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/9) [S. 257A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/5) amended (1995-96) by [S.I. 1994/3012](https://www.legislation.gov.uk/uksi/1994/3012), [art. 2(4)](https://www.legislation.gov.uk/uksi/1994/3012/article/2/4) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (1996-97) by [S.I. 1995/3031](https://www.legislation.gov.uk/uksi/1995/3031), [art. 2(4)](https://www.legislation.gov.uk/uksi/1995/3031/article/2/4) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (1997-98) by [S.I. 1996/2952](https://www.legislation.gov.uk/uksi/1996/2952), [art. 2(4)](https://www.legislation.gov.uk/uksi/1996/2952/article/2/4) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (1998-99) by [S.I. 1998/755](https://www.legislation.gov.uk/uksi/1998/755), [art. 2(4)](https://www.legislation.gov.uk/uksi/1998/755/article/2/4) [S. 257A(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3) amended (1999-00) by [1998 c. 36](https://www.legislation.gov.uk/ukpga/1998/36), [s. 27(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/27/2) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (1999-00) by [S.I. 1999/597](https://www.legislation.gov.uk/uksi/1999/597), [art. 2(4)](https://www.legislation.gov.uk/uksi/1999/597/article/2/4) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (2000-01) by [S.I. 2000/806](https://www.legislation.gov.uk/uksi/2000/806), [art. 2(4)](https://www.legislation.gov.uk/uksi/2000/806/article/2/4) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (2001-02) by [S.I. 2000/2996](https://www.legislation.gov.uk/uksi/2000/2996), [art. 2(3)](https://www.legislation.gov.uk/uksi/2000/2996/article/2/3) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (2002-03) by [S.I. 2001/3773](https://www.legislation.gov.uk/uksi/2001/3773), [art. 2(3)](https://www.legislation.gov.uk/uksi/2001/3773/article/2/3) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (2003-04) by [S.I. 2002/2930](https://www.legislation.gov.uk/uksi/2002/2930), [art. 2(3)](https://www.legislation.gov.uk/uksi/2002/2930/article/2/3) [S. 257A(2)(3)(5)(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5/5A) amended (2004-05) by [S.I. 2003/3215](https://www.legislation.gov.uk/uksi/2003/3215), [art. 2(3)](https://www.legislation.gov.uk/uksi/2003/3215/article/2/3) [S. 257A(2)(3)(5)(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5/5A) amended (2005-06) by [S.I. 2004/3161](https://www.legislation.gov.uk/uksi/2004/3161), [art. 2(3)](https://www.legislation.gov.uk/uksi/2004/3161/article/2/3) [S. 257A(2)(3)(5)(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5/5A) amended (2006-07) by [S.I. 2005/3327](https://www.legislation.gov.uk/uksi/2005/3327), [art. 2(3)](https://www.legislation.gov.uk/uksi/2005/3327/article/2/3) [S. 257A(2)(3)(5)(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5/5A) amended (2007-08) by [S.I. 2006/3241](https://www.legislation.gov.uk/uksi/2006/3241), [art. 2(3)](https://www.legislation.gov.uk/uksi/2006/3241/article/2/3) [S. 257A(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5) amended (2008-09) by [S.I. 2008/673](https://www.legislation.gov.uk/uksi/2008/673), [art. 2(4)](https://www.legislation.gov.uk/uksi/2008/673/article/2/4) [S. 257A(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5) amended (2009-10) by [S.I. 2008/3024](https://www.legislation.gov.uk/uksi/2008/3024), [art. 2(c)](https://www.legislation.gov.uk/uksi/2008/3024/article/2/c)
[^c21584451]: 1989 s.33 for 1990-91*and subsequent years.*
[^c22219311]: [Ss. 257A-262](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) restricted (with effect as mentioned in s. 77(7) of the restricting Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 4(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/4/1)
[^c21866261]: Words in [s. 257A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2) substituted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 77(2)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/2/b)
[^c21866281]: Words in [s. 257A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3) substituted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 77(2)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/2/c)
[^c21584481]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.677](https://www.legislation.gov.uk/ukcm/1990/677), [arts.2(1)(4)](https://www.legislation.gov.uk/ukcm/1990/677/article/2/1/4) (*in* Part III Vol.5)*for* 1990-91.
[^c22226371]: Words in [s. 257A(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3) substituted (with effect in as mentioned in [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 14(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/14/3)
[^c22299371]: [S. 257A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/1) repealed (with effect as mentioned in s. 31(10), Sch. 20 Pt. 3(3) Note 2 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/2), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3)
[^c22293281]: Words in [s. 257A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2) substituted (with effect as mentioned in [s. 31(10)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/10) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(3)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/3/a)
[^c22299141]: Word in [s. 257A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3) inserted (with effect as mentioned in [s. 31(10)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/10) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(4)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/4/a)
[^c22299161]: [S. 257A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3/b) and preceding word inserted (with effect as mentioned in [s. 31(10)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/10) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(4)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/4/b)
[^c22299391]: Words in [s. 257A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3) repealed (with effect as mentioned in s. 31(10), Sch. 20 Pt. 3(3) Note 2 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(4)(c)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/4/c), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3)
[^c22732351]: Words in [s. 257A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/4) substituted (with effect as mentioned in [s. 31(10)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/10) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(5)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/5/a)
[^c22299291]: Words in [s. 257A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/4) substituted (with effect as mentioned in [s. 31(10)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/10) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(5)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/5/b)
[^c22299501]: Words in [s. 257A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/5) repealed (with effect as mentioned in s. 31(11), Sch. 20 Pt. 3(3) Note 1 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/6), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3) (with [s. 32(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/5))
[^c22299311]: [S. 257A(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/5A) inserted (with effect as mentioned in [s. 31(11)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/11) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(7)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/7) (with [s. 32(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/5))
[^c22299331]: Words in [s. 257A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/6) substituted (with effect as mentioned in [s. 31(10)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/10) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(8)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/8)
[^c22299351]: [S. 257A(7)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/7) inserted (with effect as mentioned in [s. 31(12)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/12) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(9)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/9)
[^c23398291]: [S. 257A(7)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/7) repealed (6.4.2003) by [Tax Credits Act 2002 (c. 21)](https://www.legislation.gov.uk/ukpga/2002/21), [s. 61](https://www.legislation.gov.uk/ukpga/2002/21/section/61), [Sch. 6](https://www.legislation.gov.uk/ukpga/2002/21/schedule/6); [S.I. 2003/962](https://www.legislation.gov.uk/uksi/2003/962), [art. 2(3)(e)](https://www.legislation.gov.uk/uksi/2003/962/article/2/3/e), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/962/schedule/1) (with [arts. 3](https://www.legislation.gov.uk/uksi/2003/962/article/3), [5](https://www.legislation.gov.uk/uksi/2003/962/article/5))
[^c23408631]: Words in [s. 257A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [51(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/51/2/a)
[^c23408651]: Words in [s. 257A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [51(2)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/51/2/b)
[^c23408671]: Words in [s. 257A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [51(3)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/51/3/a)
[^c23408691]: Words in [s. 257A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [51(3)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/51/3/b)
[^c23487281]: [S. 257A(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3A) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [51(4)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/51/4)
[^c23411971]: [S. 257A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/5) modified (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 192(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/192/5), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23414851]: Words in [s. 257A(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 30(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/30/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414881]: Words in [s. 257A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 30(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/30/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414901]: Words in [s. 257A(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/5A) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by the [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 30(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/30/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414921]: Words in [s. 257A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/6) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 30(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/30/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414941]: [S. 257A(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/6A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 30(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/30/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21584551]: [S. 257BA](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA), [257BB](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB) substituted for s. 257B (16.7.1992 with application in relation to tax for the year 1993-94 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 20](https://www.legislation.gov.uk/ukpga/1992/48/section/20), [Sch. 5 paras.2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/2), [10](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/10).
[^c21584561]: 1989 s.33(10).
[^c21584571]: 1989 s.57(4).
[^c21584581]: [S. 257B(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/257B/2/e) and ',or' preceding it inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 33(4)](https://www.legislation.gov.uk/ukpga/1991/31/section/33/4)
[^c21584591]: [S. 257B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257B/3) applied (with modifications) for the year of assessment 1990-91 by [S.I. 1993/415](https://www.legislation.gov.uk/uksi/1993/415), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1993/415/regulation/1/1), [9](https://www.legislation.gov.uk/uksi/1993/415/regulation/9), [Sch.2](https://www.legislation.gov.uk/uksi/1993/415/schedule/2)
[^c22219351]: [S. 257B-262](https://www.legislation.gov.uk/ukpga/1988/1/section/257B) restricted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 4(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/4/1)
[^c22732541]: [S. 257C](https://www.legislation.gov.uk/ukpga/1988/1/section/257C) applied (2000-01 and subsequent years of assessment) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 32(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/5)
[^c21584691]: [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1991-92) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 22(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/22/1) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1992-93) by [Finance Act 1992 (c. 20)](https://www.legislation.gov.uk/ukpga/1992/20), [s. 10(3)(5)](https://www.legislation.gov.uk/ukpga/1992/20/section/10/3/5) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1993-94) by Finance Act [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 52](https://www.legislation.gov.uk/ukpga/1993/34/section/52) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1994-95) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 76](https://www.legislation.gov.uk/ukpga/1994/9/section/76) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1994-95, 1995-96) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 77(10)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/10) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1994-95) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 78](https://www.legislation.gov.uk/ukpga/1994/9/section/78) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1995-96) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 36](https://www.legislation.gov.uk/ukpga/1995/4/section/36) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1996-97) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 74(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/74/1) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1997-98) by [Finance Act 1997 (c.16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 55(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/55/1) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1999-00) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 24(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/24/2) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (2003-04) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [ss. 28(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/28/2), [29(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/29/2) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (2004-05) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 24(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/24/2) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (2005-06) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 9](https://www.legislation.gov.uk/ukpga/2005/7/section/9) [S. 257C](https://www.legislation.gov.uk/ukpga/1988/1/section/257C) excluded (2008-09) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [ss. 2(2)(b)](https://www.legislation.gov.uk/ukpga/2008/9/section/2/2/b), [3(2)(b)](https://www.legislation.gov.uk/ukpga/2008/9/section/3/2/b) [S. 257C](https://www.legislation.gov.uk/ukpga/1988/1/section/257C) excluded (2009-10) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [s. 3(2)(b)](https://www.legislation.gov.uk/ukpga/2009/10/section/3/2/b)
[^c21584701]: Words in [s. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 107(3)(a)(8)](https://www.legislation.gov.uk/ukpga/1993/34/section/107/3/a/8)
[^c21584721]: [S. 257C(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/2) repealed (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 107(3)(b)(8)](https://www.legislation.gov.uk/ukpga/1993/34/section/107/3/b/8), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III)
[^c21584731]: *See* S.I. [1990 No.677](https://www.legislation.gov.uk/ukcm/1990/677)*in* Part III Vol.5*for* 1990-91.
[^c21584741]: *Repealed by* 1990 s.132*and* Sch.19 Part IV.
[^c22732551]: [S. 257C(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/2A) inserted (1999-00 and subsequent years of assessment) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 25(3)(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/25/3/4)
[^c22732661]: [S. 257C(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/2A) modified (2002-03) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 27(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/27/b)
[^c23398351]: Words in [s. 257C(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1/3) repealed (6.4.2003) by [Tax Credits Act 2002 (c. 21)](https://www.legislation.gov.uk/ukpga/2002/21), [s. 61](https://www.legislation.gov.uk/ukpga/2002/21/section/61), [Sch. 6](https://www.legislation.gov.uk/ukpga/2002/21/schedule/6); [S.I. 2003/962](https://www.legislation.gov.uk/uksi/2003/962), [art. 2(3)(e)](https://www.legislation.gov.uk/uksi/2003/962/article/2/3/e), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/962/schedule/1) (with [arts. 3](https://www.legislation.gov.uk/uksi/2003/962/article/3), [5](https://www.legislation.gov.uk/uksi/2003/962/article/5))
[^c23403961]: Words in [s. 257C(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/2A) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 35](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/35) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23411181]: Words in [s. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [55(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/55/a)
[^c23411201]: Words in [s. 257C(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1/a) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [55(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/55/b)
[^c23411221]: Words in [s. 257C(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/3) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [55(c)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/55/c)
[^c23415311]: Words in [s. 257C(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 34(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/34/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21585391]: 1988(F) s.35*and* Sch.3 para.8*for* 1990-91*and subsequent years. Previously* “Relief for blind persons.**265.**—(1) Subject to subsection (3) below, if the claimant proves—(a) that he is a married man who for the year of assessment has his wife living with him, and that one of them was, and the other was not, a registered blind person for the whole or part of the year; or (b) that, not being such a married man, he was a registered blind person for the whole or part of the year, he shall be entitled to a deduction of £540 from his total income. (2) Subject to subsection (3) below, if the claimant proves—(a) that he is a married man who for the year of assessment has his wife living with him, and (b) that he was a registered blind person for the whole or part of the year and his wife was also a registered blind person for the whole or part of the year, he shall be entitled to a deduction of £1,080 from his total income. (3)*Unless a claimant who is entitled to relief for the year of assessment under section* 264*in respect of the services of a son or daughter relinquishes his claim to that relief, he shall not be allowed relief under this section for that year* (*Repealed by* 1988(F) ss.25(3), 148*and* Sch.14 Part IV*for* 1988-89*and subsequent years.*). (4) In this section “registered blind person” means a person registered as a blind person in a register compiled under section 29 of the National Assistance Act 1948 or, in the case of a person ordinarily resident in Scotland or in Northern Ireland, a person who is a blind person within the meaning of section 64(1) of that Act.”.*And see* Table E Vol.1*for previous years.*
[^c21585461]: [S. 265(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/5) modified (1990-91) by [The Lloyd's Underwriters (Tax) (1990-91) Regulations 1993 (S.I. 1993/415)](https://www.legislation.gov.uk/uksi/1993/415), [regs. 1](https://www.legislation.gov.uk/uksi/1993/415/regulation/1), [9](https://www.legislation.gov.uk/uksi/1993/415/regulation/9), [Sch. 2](https://www.legislation.gov.uk/uksi/1993/415/schedule/2)
[^c22219201]: [S. 265(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/5) modified (1991-92) by [The Lloyd's Underwriters (Tax) (1991-92) Regulations 1994 (S.I. 1994/728)](https://www.legislation.gov.uk/uksi/1994/728), [regs. 1](https://www.legislation.gov.uk/uksi/1994/728/regulation/1), [9](https://www.legislation.gov.uk/uksi/1994/728/regulation/9), [Sch. 2](https://www.legislation.gov.uk/uksi/1994/728/schedule/2) [S. 265(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/5) modified (1992-93, 1993-94 and 1994-5) by [The Lloyd's Underwriters (Tax) (1992-93 to 1996-97) Regulations 1995 (S.I. 1995/352)](https://www.legislation.gov.uk/uksi/1995/352), [regs. 1](https://www.legislation.gov.uk/uksi/1995/352/regulation/1), [14](https://www.legislation.gov.uk/uksi/1995/352/regulation/14), [15](https://www.legislation.gov.uk/uksi/1995/352/regulation/15), [Sch.](https://www.legislation.gov.uk/uksi/1995/352/schedule)
[^c21585471]: Words in [s. 265(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/6) substituted (16.7.1992 with application in relation to tax for the year 1993-94 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 20](https://www.legislation.gov.uk/ukpga/1992/48/section/20), [Sch. 5 paras. 8(4)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/8/4), [10](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/10).
[^c22225601]: Words in [s. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) repealed (with effect as mentioned in s. 134(2) of the repealing Act) by Finance Act 1996, Sch. 20 para. 19, Sch. 41 Pt. 5(10), Note
[^c22749141]: Words in [s. 265(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/5/a) substituted (with effect as mentioned in [s. 135(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/135/2) of the amending Act) by Finance Act 1996, Sch. 21 para. 6
[^c22749231]: [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (1999-00) by [S.I. 1999/597](https://www.legislation.gov.uk/uksi/1999/597), [art. 2(5)](https://www.legislation.gov.uk/uksi/1999/597/article/2/5) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2000-01) by [S.I. 2000/806](https://www.legislation.gov.uk/uksi/2000/806), [art. 2(5)](https://www.legislation.gov.uk/uksi/2000/806/article/2/5) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2001-02) by [S.I. 2001/638](https://www.legislation.gov.uk/uksi/2001/638), [art. 2(3)](https://www.legislation.gov.uk/uksi/2001/638/article/2/3) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2002-03) by [S.I. 2002/707](https://www.legislation.gov.uk/uksi/2002/707), [art. 2(4)](https://www.legislation.gov.uk/uksi/2002/707/article/2/4) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2003-04) by [S.I. 2002/2930](https://www.legislation.gov.uk/uksi/2002/2930), [art. 2(4)](https://www.legislation.gov.uk/uksi/2002/2930/article/2/4) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2004-05) by [S.I. 2003/3215](https://www.legislation.gov.uk/uksi/2003/3215), [art. 2(4)](https://www.legislation.gov.uk/uksi/2003/3215/article/2/4) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2005-06) by [S.I. 2004/3161](https://www.legislation.gov.uk/uksi/2004/3161), [art. 2(4)](https://www.legislation.gov.uk/uksi/2004/3161/article/2/4) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2006-07) by [S.I. 2005/3327](https://www.legislation.gov.uk/uksi/2005/3327), [art. 2(5)](https://www.legislation.gov.uk/uksi/2005/3327/article/2/5) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2007-08) by [S.I. 2006/3241](https://www.legislation.gov.uk/uksi/2006/3241), [art. 2(5)](https://www.legislation.gov.uk/uksi/2006/3241/article/2/5) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2008-09) by [S.I. 2008/673](https://www.legislation.gov.uk/uksi/2008/673), [art. 3](https://www.legislation.gov.uk/uksi/2008/673/article/3) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2009-10) by [S.I. 2008/3024](https://www.legislation.gov.uk/uksi/2008/3024), [art. 3](https://www.legislation.gov.uk/uksi/2008/3024/article/3)
[^c22749151]: Words in [s. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) substituted (with effect in accordance with [s. 56(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/56/3) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 56(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/56/1)
[^c22749171]: [S. 265(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1A) inserted (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 56(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/56/2)
[^c23411281]: Words in [s. 265(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/2/a) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [56(2)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/56/2)
[^c23411301]: Words in [s. 265(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/2/b) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [56(3)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/56/3/a)
[^c23411341]: [S. 265(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/4) omitted (5.12.2005) by virtue of [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [56(4)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/56/4)
[^c23411381]: Words in [s. 265(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/6) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [56(6)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/56/6)
[^c23415341]: Words in [s. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 35(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/35/2/a) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [15(1)(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/15/1/3))
[^c23414401]: Words in [s. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 35(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/35/2/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [15(1)(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/15/1/3))
[^c23415361]: Words in [s. 265(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/2/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 35(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/35/3/a) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [15(1)(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/15/1/3))
[^c23415381]: [S. 265(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/2/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 35(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/35/3/b) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [15(1)(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/15/1/3))
[^c23415401]: Words in [s. 265(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 35(3)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/35/3/c) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [15(1)(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/15/1/3))
[^c23415421]: [S. 265(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/2A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 35(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/35/4) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [15(1)(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/15/1/3))
[^c23414421]: [S. 265(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/3) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 35(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/35/5), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [15(1)(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/15/1/3))
[^c23415441]: Words in [s. 265(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 35(6)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/35/6/a) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [15(1)(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/15/1/3))
[^c23415461]: Words in [s. 265(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 35(6)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/35/6/b) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [15(1)(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/15/1/3))
[^c23415481]: Words in [s. 265(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 35(6)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/35/6/c) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [15(1)(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/15/1/3))
[^c23415501]: [S. 265(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/8) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 35(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/35/7) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [15(1)(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/15/1/3))
[^c21585791]: Source-1978 Sch.3 12; 1981 s.33
[^c21585801]: [1974 c. 52](https://www.legislation.gov.uk/ukpga/1974/52).
[^c23415521]: Words in [s. 266(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 36(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/36/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415541]: Words in [s. 266(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/7/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 36(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/36/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415561]: Words in [s. 266(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/8) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 36(6)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/36/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415581]: Words in [s. 266(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/8) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 36(6)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/36/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21585891]: Source-1975 s.7; 1976 Sch.4 19(1); 1984 s.72(5)
[^c23412061]: Words in [s. 268(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/268/7/b) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 11](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/11) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21585901]: Source-1975 s.8; 1976 Sch.4 19(2); 1984 s.72(5)
[^c21585911]: Source-1975 s.9(1)-(4); 1976 Sch.4 19(3)
[^c21585921]: Source-1975 Sch.2 16(1), (3); 1976 s.35
[^c22749891]: Words in [s. 271(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/271/1) repealed (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 2(1)(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/2/1/a), [Sch. 26 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/22)
[^c22749901]: Words in [s. 271(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/271/1/b) repealed (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/2/1/b), [Sch. 26 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/22)
[^c22749911]: Words in [s. 271(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/271/1/c) repealed (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 2(1)(c)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/2/1/c), [Sch. 26 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/22)
[^c22749921]: [S. 271(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/271/2/b) and preceding word repealed (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 2(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/2/2), [Sch. 26 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/22)
[^c23408131]: Words in [s. 271(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/271/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 123](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/123) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21585931]: Source-1975 Sch.1
[^c21585941]: 1988(F) s.35*and* Sch.3 para.10*for* 1990-91*and subsequent years. Previously* “Payments securing widows' and children's annuities.**273.** Subject to sections 274, 617(3) and 619(6), if the claimant is, under any Act of Parliament or under the terms or conditions of his employment, liable to the payment of any sum, or to the deduction from his salary or stipend of any sum, for the purpose of securing a deferred annuity to his widow or provision for his children after his death, he shall be entitled to a deduction from the amount of income tax with which he is chargeable equal to income tax at the basic rate on the amount of the sum paid by him or deducted from his salary or stipend.”.
[^c23408231]: [S. 273](https://www.legislation.gov.uk/ukpga/1988/1/section/273) renumbered as s. 273(1) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 124(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/124/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408211]: [S. 273(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/273/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 124(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/124/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23411601]: Words in [s. 273(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/273/1) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [59](https://www.legislation.gov.uk/uksi/2005/3229/regulation/59)
[^c23412081]: Words in [s. 273](https://www.legislation.gov.uk/ukpga/1988/1/section/273) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 12](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/12) (as amended by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 655](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/655), [Sch. 2 para. 161](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2/paragraph/161) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))) (with Sch. 36)
[^c23415601]: Words in [s. 273(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/273/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 37(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/37/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415621]: Words in [s. 273(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/273/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 37(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/37/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415641]: [S. 273(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/273/3) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 37(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/37/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21585971]: Source-1970 s.21(4); 1975 Sch.2 6; 1980 s.29; 1976 Sch.4 21; 1987 Sch.15 2(5)
[^c21585981]: 1988(F) s.29—*from* 6*April* 1989.*Previously* “15 per cent.”.
[^c22219331]: [S. 257B-262](https://www.legislation.gov.uk/ukpga/1988/1/section/257B) restricted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 4(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/4/1)
[^c23410241]: Words in [s. 257BA(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/4/b) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(5)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/5/a)
[^c23410261]: Words in [s. 257BA(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/4/b) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(5)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/5/b)
[^c23410281]: Words in [s. 257BA(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/5) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(6)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/6)
[^c23410341]: Words in [s. 257BA(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/9) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(8)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/8)
[^c23415111]: [S. 257BA(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 32(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/32/2) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [16(1)(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/16/1/4), [17(1)(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/17/1/5))
[^c23415141]: [S. 257BA(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/3A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 32(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/32/3) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [16(1)(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/16/1/4), [17(1)(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/17/1/5))
[^c23414331]: [S. 257BA(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/6) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 32(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/32/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [16(1)(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/16/1/4), [17(1)(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/17/1/5))
[^c23415151]: Words in [s. 257BA(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/9) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 32(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/32/5) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [16(1)(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/16/1/4), [17(1)(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/17/1/5))
[^c23415171]: [S. 257BA(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/10) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 32(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/32/6) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [16(1)(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/16/1/4), [17(1)(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/17/1/5))
[^c22219341]: [S. 257B-262](https://www.legislation.gov.uk/ukpga/1988/1/section/257B) restricted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 4(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/4/1)
[^c22219501]: [S. 257BB(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/5) modified (1992-93, 1993-94 and 1994-5) by [The Lloyd's Underwriters (Tax) (1992-93 to 1996-97) Regulations 1995 (S.I. 1995/352)](https://www.legislation.gov.uk/uksi/1995/352), [regs. 1](https://www.legislation.gov.uk/uksi/1995/352/regulation/1), [14](https://www.legislation.gov.uk/uksi/1995/352/regulation/14), [15](https://www.legislation.gov.uk/uksi/1995/352/regulation/15), [Sch.](https://www.legislation.gov.uk/uksi/1995/352/schedule)
[^c22181391]: [S. 257BB(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/6) repealed (with effect as mentioned in s. 77(7) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 3(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/3/4), [Sch. 26 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/1), Note
[^c23410961]: Words in [s. 257BB(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/2) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/3)
[^c23411141]: Words in [s. 257BB(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/4) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(5)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/5)
[^c23415191]: [S. 257BB(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 33(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/33/2) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [16(1)(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/16/1/5), [17(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/17/6))
[^c23415211]: [S. 257BB(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/1A/1B) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 33(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/33/3) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [16(1)(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/16/1/5), [17(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/17/6))
[^c23415231]: [S. 257BB(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 33(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/33/4) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [16(1)(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/16/1/5), [17(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/17/6))
[^c23415251]: [S. 257BB(3AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/3AA) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 33(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/33/5) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [16(1)(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/16/1/5), [17(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/17/6))
[^c23414351]: [S. 257BB(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/3A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 33(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/33/6), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [16(1)(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/16/1/5), [17(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/17/6))
[^c23415271]: [S. 257BB(5A)-(5E)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/5A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 33(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/33/7) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [16(1)(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/16/1/5), [17(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/17/6))
[^c23411921]: [S. 257AB(2)(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/2/4/5) amended (2006-07) by [S.I. 2005/3327](https://www.legislation.gov.uk/uksi/2005/3327), [art. 2(4)](https://www.legislation.gov.uk/uksi/2005/3327/article/2/4) [S. 257AB(2)(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/2/4/5) amended (2007-08) by [S.I. 2006/3241](https://www.legislation.gov.uk/uksi/2006/3241), [art. 2(4)](https://www.legislation.gov.uk/uksi/2006/3241/article/2/4) [S. 257AB(2)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/2/4) amended (2008-09) by [S.I. 2008/673](https://www.legislation.gov.uk/uksi/2008/673), [art. 2(5)](https://www.legislation.gov.uk/uksi/2008/673/article/2/5) [S. 257AB(2)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/2/4) amended (2009-10) by [S.I. 2008/3024](https://www.legislation.gov.uk/uksi/2008/3024), [art. 2(d)](https://www.legislation.gov.uk/uksi/2008/3024/article/2/d)
[^c23414961]: Words in [s. 257AB(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/1/d) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 31(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/31/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414991]: Words in [s. 257AB(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 31(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/31/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415011]: Words in [s. 257AB(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 31(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/31/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415031]: Words in [s. 257AB(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 31(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/31/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415051]: Words in [s. 257AB(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/6) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 31(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/31/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415071]: [S. 257AB(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/10) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 31(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/31/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23416691]: [S. 256B](https://www.legislation.gov.uk/ukpga/1988/1/section/256B) amended (2008-09) by [S.I. 2008/673](https://www.legislation.gov.uk/uksi/2008/673), [art. 2(2)](https://www.legislation.gov.uk/uksi/2008/673/article/2/2) [S. 256B](https://www.legislation.gov.uk/ukpga/1988/1/section/256B) amended (2009-10) by [S.I. 2008/3024](https://www.legislation.gov.uk/uksi/2008/3024), [art. 2(a)](https://www.legislation.gov.uk/uksi/2008/3024/article/2/a)
[^c21586061]: *See* British Nationality Act 1981 ss.37*and* 51(1)*for definition.*
[^c21586091]: *Repealed by* 1988(F) ss.31, 148*and* Sch.14 Part IV*for* 1990-91*and subsequent years.*
[^c21586101]: Source-1976 Sch.4 18(3)
[^c21586121]: Source-1970 s.27(3)-(5)
[^c22225611]: Words in [s. 278(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/2) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 21](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/21), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c22753081]: Words in [s. 278(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/2/a) substituted (with effect in accordance with [s. 145(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/145/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 145(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/145/1)
[^c22753091]: [S. 278(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/9) added (with effect in accordance with [s. 145(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/145/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 145(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/145/2)
[^c22753111]: [S. 278(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/2A) repealed (with effect in accordance with Sch. 20 Pt. 3(3) Note 2 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3)
[^c21586081]: 1988(F) s.31*for* 1990-91*and subsequent years.*
[^c23414531]: [S. 278(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 40(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/40/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415661]: Words in [s. 278(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 40(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/40/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415681]: [S. 278(2)(za)(zb)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/2/za/zb) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 40(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/40/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414601]: [S. 278(2)(b)-(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/2/b) and preceding word repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 40(3)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/40/3/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415721]: [S. 278(2ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/2ZA) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 40(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/40/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21590871]: Source-1986 s.29(1), (2)
[^c21590921]: 1990 s.26(4)*in relation to payments made on or after* 1*October* 1990.
[^c21590941]: *Repealed by* 1990 ss.27(2)*and* 132*and* Sch.19 Part IV*in relation to accounting periods ending on or after* 1*October* 1990.
[^c21590971]: 1990 s.26(5)*in relation to payments made on or after* 1*October* 1990.
[^c21590991]: *See* 1990 s.94*re production of books etc. in respect of repayment claims in respect of payments made on or after* 1*October* 1990.
[^c21591001]: Source-1981 s.49; 1983 s.46(3); 1986 s.29(6)
[^c21591011]: 1989 s.60(2)*in respect of payments due on or after* 14*March* 1989.*Previously* “the Trustees of the National Heritage Memorial Fund and the Historic Buildings and Monuments Commission for England and, additionally, in subsections (1) to (5) above includes the Trustees of the British Museum, the Trustees of the British Museum (Natural History) and”.
[^c22736831]: [S. 337(7AA)-(7AC)](https://www.legislation.gov.uk/ukpga/1988/1/section/337/7AA) inserted (with effect in accordance with [s. 64(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/64/2) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 64(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/64/1)
[^c22737041]: [S. 339(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/1/a) substituted (with effect in accordance with [s. 40(11)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/11) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/2)
[^c22737061]: [S. 339(2)(3)(3A)(3F)(6)(7)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/2/3/3A/3F/6/7/8) repealed (with effect in accordance with s. 40(11) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/3), [Sch. 40 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/1), Note 2
[^c22737161]: Words in [s. 339(3B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/3B/b) substituted (with effect in accordance with [s. 40(11)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/11) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/4)
[^c22737181]: [S. 339(3DA)-(3DD)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/3DA) inserted (with effect in accordance with [s. 40(11)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/11) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/5)
[^c22737201]: [S. 339(7AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/7AA) substituted (with effect in accordance with [s. 40(11)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/11) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(7)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/7)
[^c22737141]: Words in [s. 339(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/9) repealed (with effect in accordance with s. 40(11) of the repealing Act) by [Finance Act 2000 (c.17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(8)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/8), [Sch. 40 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/1), Note 2
[^c23426651]: Words in [s. 339(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/1/a) inserted (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/57/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 57(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/57/2)
[^c23426671]: [S. 339(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/1A/1B) inserted (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/57/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 57(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/57/3)
[^c23426691]: Words in [s. 339(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/3B) substituted (with effect in accordance with [s. 58(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/58/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 58(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/58/2)
[^c23426711]: Words in [s. 339(3E)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/3E) substituted (with effect in accordance with [s. 58(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/58/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 58(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/58/3)
[^c23426731]: [S. 339(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 51(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/51/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23426751]: [S. 339(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/10) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 51(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/51/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23426831]: Words in [s. 339(3B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/3B/b) substituted (with effect in accordance with [s. 60(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/60/4) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 60(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/section/60/2/a)
[^c23426861]: Words in [s. 339(3DA)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/3DA/c) substituted (with effect in accordance with [s. 60(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/60/4) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 60(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/section/60/2/b)
[^c21591081]: Source-1970 s.245(1)
[^c21591091]: Source-1970 s.245(2), (3); 1974 s.37(1)
[^c21591101]: Source-1970 s.245(4)-(6)
[^c21591111]: Source-1970 s.245(7)-(9); 1974 s.37(1)
[^c22736651]: Words in [s. 342(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/342/5) substituted (with effect in accordance with [Sch. 24 para. 12(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/12/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 24 paras. 8(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/8/1), [9](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/9), [12(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/12/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173)
[^c22736671]: Words in [s. 342(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/342/6) substituted (with effect in accordance with [Sch. 24 para. 12(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/12/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 24 paras. 8(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/8/1), [9](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/9), [12(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/12/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173)
[^c22736901]: Words in [s. 342(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/342/2) inserted (with effect in accordance with [Sch. 4 para. 6(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/6/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 6(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/6/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173)
[^c22736921]: [S. 342(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/342/3A) inserted (with effect in accordance with [Sch. 4 para. 6(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/6/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 6(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/6/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173)
[^c22736691]: [S. 343](https://www.legislation.gov.uk/ukpga/1988/1/section/343) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para 12(2)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/12/2) (with [s. 43(6)](https://www.legislation.gov.uk/ukpga/1996/55/section/43/6))
[^c22736071]: [S. 343](https://www.legislation.gov.uk/ukpga/1988/1/section/343) excluded (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(1)(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/1/3), [Sch. 24 para. 20(8)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/20/8)
[^c21591341]: Source-1970 s.252(1)
[^c21591351]: [S. 343(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/2) excluded (16.7.1992) by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s. 152B(10)(e)](https://www.legislation.gov.uk/ukpga/1990/1/section/152B/10/e) (as inserted (16.7.1992) by [Finance Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 67](https://www.legislation.gov.uk/ukpga/1992/48/section/67)).
[^c21591361]: Source-1970 s.252(2), (2A); 1971 Sch.8 16(5); 1986 s.56(7), Sch.13 2; 1987 (No.2) s.64(2)
[^c22736091]: [S. 343(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/3) restricted (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(1)(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/1/3), [Sch. 24 para. 15(1)(a)(7)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/15/1/a/7)
[^c21591371]: Source-1970 s.252(3)-(7)
[^c21591381]: Words in [s. 343(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/3) repealed (in relation to losses incurred in accounting periods ending on or after 1.4.1991) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 15 para. 7(1)(a)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/7/1/a), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 4
[^c21591391]: Words in [s. 343(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/3) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch 15 para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/7/1/b)(in relation to losses incurred in accounting periods ending on or after 1.4.1991)
[^c21591401]: Word in [s. 343(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/3) repealed (with effect in relation to accounting periods ending after the day appointed for the purposes of s. 10 of [1988 c. 1](https://www.legislation.gov.uk/ukpga/1988/1)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) and omitted (27.7.1993) by virtue of s. 120, Sch. 14 para. 8(2)
[^c21591411]: Source-1970 s.252(3A); 1986 s.42(2), (3), Sch.10 1(2)
[^c21591421]: Source-1970 s.252(4)-(7)
[^c21591431]: [S. 343(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/6) repealed (in relation to losses incurred in accounting periods ending on or after 1.4.1991) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3)(-(5), 123, Sch. 15 para. 7(2), Sch. 19 Pt. V, Note 4
[^c21591441]: Words in [s. 343(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/7) repealed (in relation to losses incurred in accounting periods ending on or after 1.4.1991) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 15 para. 7(3)(a)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/7/3/a), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 4
[^c21591451]: Words in [s. 343(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/7) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 7(3)(b)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/7/3/b)(in relation to losses incurred in accounting periods ending on or after 1.4.1991)
[^c21591461]: Source-1970 s.252(8); 1986 Sch.10 1(3)
[^c21591471]: Source-1970 s.252(9), (10)
[^c21591481]: Source-1986 s.42(2), (3)
[^c22737461]: [S. 343(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/2) excluded (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [s. 425(2)](https://www.legislation.gov.uk/ukpga/1999/29/section/425/2), [Sch. 3 paras. 4(8)(a)](https://www.legislation.gov.uk/ukpga/1999/29/schedule/3/paragraph/4/8/a), [5](https://www.legislation.gov.uk/ukpga/1999/29/schedule/3/paragraph/5); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), [art. 2](https://www.legislation.gov.uk/uksi/1999/3434/article/2)
[^c22736871]: [S. 343(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/4A) inserted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58) s. 39(7)
[^c23426441]: [S. 343](https://www.legislation.gov.uk/ukpga/1988/1/section/343) applied (with modifications) (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [s. 198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2), [Sch. 9 paras. 16](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/16), [17](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/17) (with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/38/2)); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^c23426461]: [S. 343(3)(4A)(7)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/3/4A/7)(11) applied (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [s. 198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2), [Sch. 9 para. 2(1)(3)](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/2/1/3) (with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/38/2)); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^c22737271]: [S. 343(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/2) excluded (with effect in accordance with s. 579 of the excluding Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 561(5)](https://www.legislation.gov.uk/ukpga/2001/2/section/561/5) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22755311]: Words in [s. 343(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/2) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 26](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/26) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c23490771]: [S. 343](https://www.legislation.gov.uk/ukpga/1988/1/section/343) applied (with effect in accordance with s. 43(2) of the 2007 amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 227B](https://www.legislation.gov.uk/ukpga/1994/9/section/227B) (as inserted by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 43(1)](https://www.legislation.gov.uk/ukpga/2007/11/section/43/1))
[^c23426791]: Words in [s. 343(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/2) inserted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 6 para. 1(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/6/paragraph/1/1)
[^c21591491]: Source-1970 s.253; 1986 s.42, Sch.10 2
[^c23426631]: Words in [s. 344(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/344/4) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [66](https://www.legislation.gov.uk/uksi/2005/3229/regulation/66)
[^c23426561]: Words in [s. 337(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/337/1) inserted (with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 145(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/145/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23426571]: Words in [s. 337(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/337/2) inserted (with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 145(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/145/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23426481]: [S. 338](https://www.legislation.gov.uk/ukpga/1988/1/section/338) restricted (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [s. 198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2), [Sch. 4 para. 3](https://www.legislation.gov.uk/ukpga/2004/20/schedule/4/paragraph/3); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^c23426581]: [S. 338A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/338A/2/a) repealed (with effect in accordance with s. 38(7) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 38(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/38/2), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23488671]: [S. 338A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/338A/4) repealed (with effect in accordance with s. 38(7) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c21594971]: *See* S.I. [1988 No.1347](https://www.legislation.gov.uk/ukcm/1988/1347) (*in* Part III Vol.5)*in respect of housing associations.*
[^c21596041]: *See* S.I. [1983 No.368](https://www.legislation.gov.uk/ukcm/1983/368) (*in* Part III Vol.5)—*housing associations.*
[^c21597211]: *See* s.434A—*limitations on loss relief for life assurance company.*
[^c22750761]: [S. 393](https://www.legislation.gov.uk/ukpga/1988/1/section/393) modified (with effect in accordance with s. 69(1) of the modifying Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 20 para. 19](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/19) (with [Sch. 20 para. 26](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/26))
[^c22751941]: [S. 393](https://www.legislation.gov.uk/ukpga/1988/1/section/393) modified (with effect in accordance with s. 70(1) of the modifying Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 22 para. 17(2)-(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/17/2) (with [Sch. 22 para. 32](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/32))
[^c22751981]: [S. 393](https://www.legislation.gov.uk/ukpga/1988/1/section/393) modified (1.4.2002) by [The Scottish Water (Transfer of Functions, etc.) (Tax Provisions) Order 2002 (S.I. 2002/653)](https://www.legislation.gov.uk/uksi/2002/653), [art. 4(2)](https://www.legislation.gov.uk/uksi/2002/653/article/4/2)
[^c22766441]: [S. 393](https://www.legislation.gov.uk/ukpga/1988/1/section/393) modified (with effect in accordance with Sch. 13 para. 28 of the modifying Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 13 paras. 13](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/13), [15(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/15/6), [16(5)(1)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/16/5/1/a), [19](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/19)
[^c23438671]: [S. 393](https://www.legislation.gov.uk/ukpga/1988/1/section/393) modified (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [ss. 27(1)(b)](https://www.legislation.gov.uk/ukpga/2004/20/section/27/1/b), [198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^c21597321]: *See* 1990 s.99(2)*and* (4)*for changes in relation to income tax falling to be set off against corporation tax for accounting periods ending after the appointed day* (*see* 1988 s.10).
[^c21597331]: *See* [Trustee Savings Banks Act 1985 (c.58)](https://www.legislation.gov.uk/ukpga/1985/58) s.5*and* Sch.2 para.6(4)—*carry forward of losses where transfer to successor from existing bank under the* Trustee Savings Banks Act 1985.
[^c22743321]: [S. 393(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/393/1) modified (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 15](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/15)
[^c21597341]: Source—1970 s.177(1)-(3)
[^c21597351]: Words in [s. 393(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/393/1) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 8(a)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/8/a)
[^c21597361]: [S. 393(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/393/2) repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(2)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/2/4/5), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 19](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19) Pt. v Note 4
[^c21597431]: *See* 1990 s.99(2)*and* (4)*and* 132*and* Sch.19 Part V*for changes in relation to income tax falling to be set off against corporation tax for accounting periods ending after the appointed day* (*see* 1988 s.10).
[^c21597441]: Words in [s. 393(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/393/11) repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 15 para. 8(b)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/8/b), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V) Note 4
[^c21597551]: Source—1973 ss.30, 32(6)
[^c21597561]: Words in [s. 395(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/395/1/b) substituted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 120](https://www.legislation.gov.uk/ukpga/1993/34/section/120), [Sch. 14 para. 8(3)(a)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/8/3/a)
[^c21597581]: Words in [s. 395(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/395/1) and (4): repealed (27.7.1993 with effect in relation to accounting periods ending after the day appointed for the purposes of section 10 of the amended Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213),Sch. 23 Pt.III(11), note; omitted (27.7.1993) by virtue of [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 120](https://www.legislation.gov.uk/ukpga/1993/34/section/120), [Sch. 14 para. 8(3)(b)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/8/3/b)
[^c22751281]: Words in [s. 395(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/395/1/a) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 33(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/33/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751301]: Words in [s. 395(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/395/1/c) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 33(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/33/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c21597451]: [S. 393A](https://www.legislation.gov.uk/ukpga/1988/1/section/393A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(1)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/1/4/5)
[^c22745491]: Word in [s. 393A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/3/b) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 26(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/26/a)
[^c22745511]: [S. 393A(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/4/a) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 26(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/26/b)
[^c22750781]: [S. 393A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/1/b) restricted (with effect in accordance with s. 69(1) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 20 para. 23](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/23) (with [Sch. 20 para. 26](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/26))
[^c22746491]: Words in [s. 393A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/2) substituted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 39(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/2)
[^c22746511]: [S. 393A(2A)-(2C)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/2A) inserted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/3)
[^c22746531]: Words in [s. 393A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/7) inserted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/39/8) of the amending Act) by Finance (No. 2) Act 1997, s. 39(4)(a)
[^c22746551]: Words in [s. 393A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/7) substituted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 39(4)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/4/b)
[^c22746571]: [S. 393A(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/7A) inserted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 39(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/5)
[^c22746591]: [S. 393A(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/12) inserted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 39(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/6)
[^c22766451]: [S. 393A](https://www.legislation.gov.uk/ukpga/1988/1/section/393A) modified (with effect in accordance with Sch. 13 para. 28 of the modifying Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 13 paras. 13](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/13), [15(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/15/5), [16(4)(a)(b)(5)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/16/4/a/b/5/b)
[^c23438691]: [S. 393A](https://www.legislation.gov.uk/ukpga/1988/1/section/393A) modified (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [ss. 27(1)(b)](https://www.legislation.gov.uk/ukpga/2004/20/section/27/1/b), [198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^c23442481]: [S. 393A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/1) restricted (with effect in accordance with Sch. 10 para. 2 of the affecting Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 10 para. 38(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/38/4)
[^c23442501]: [S. 393A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/1/b) restricted (with effect in accordance with Sch. 10 para. 2 of the affecting Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 10 para. 35(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/35/2)
[^c22751151]: Words in [s. 393A(2C)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/2C/b) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 32(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/32/1) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751251]: [S. 393A(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/5/6) repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 32(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/32/2), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751171]: Words in [s. 393A(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/11/a) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 32(3)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/32/3/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751191]: Words in [s. 393A(11)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/11/b) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 32(3)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/32/3/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751211]: Words in [s. 393A(11)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/11/b) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 32(3)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/32/3/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751231]: Words in [s. 393A(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/12) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 32(4)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/32/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c21597601]: [S. 396](https://www.legislation.gov.uk/ukpga/1988/1/section/396) restricted (27.7.1993 with application as mentioned in [s. 165](https://www.legislation.gov.uk/ukpga/1993/34/section/165) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 129(9)](https://www.legislation.gov.uk/ukpga/1993/34/section/129/9), [165](https://www.legislation.gov.uk/ukpga/1993/34/section/165)
[^c22749041]: [S. 396](https://www.legislation.gov.uk/ukpga/1988/1/section/396) modified (with application in accordance with Sch. 5 para. 72(2) of the modifying Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 72(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/72/1)
[^c23438451]: [S. 396](https://www.legislation.gov.uk/ukpga/1988/1/section/396) modified by [The Insurance Companies (Taxation of Reinsurance Business) Regulations 1995 (S.I. 1995/1730)](https://www.legislation.gov.uk/uksi/1995/1730), [reg. 7A](https://www.legislation.gov.uk/uksi/1995/1730/regulation/7A) (as inserted (28.10.2003 with effect in accordance with reg. 1(3) of the modifying S.I.) by [The Insurance Companies (Taxation of Reinsurance Business) (Amendment No. 2) Regulations 2003 (S.I. 2003/2573)](https://www.legislation.gov.uk/uksi/2003/2573), [reg. 8(1)](https://www.legislation.gov.uk/uksi/2003/2573/regulation/8/1))
[^c21597611]: *See* 1990 ss.99(3)*and* (4)*and* 132*and* Sch.19 Part V*for changes in relation to income tax falling to be set off against corporation tax for accounting periods ending after the appointed day* (*see* 1988 s.10). [S. 396(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/396/1) restricted (27.7.1993 with application as mentioned in [s. 165](https://www.legislation.gov.uk/ukpga/1993/34/section/165) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 129(9)](https://www.legislation.gov.uk/ukpga/1993/34/section/129/9), [165](https://www.legislation.gov.uk/ukpga/1993/34/section/165)
[^c21597621]: Source—1970 s.179
[^c23443221]: Words in [s. 396(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/396/2) inserted (with effect in accordance with [s. 57(6)](https://www.legislation.gov.uk/ukpga/2007/11/section/57/6) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 57(1)](https://www.legislation.gov.uk/ukpga/2007/11/section/57/1)
[^c22748951]: [Pt. 10 Chs. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/2) extended (with effect in accordance with s. 44 of the extending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 6 para. 2](https://www.legislation.gov.uk/ukpga/1998/36/schedule/6/paragraph/2), (with Sch. 6 para. 6)
[^c22752321]: [Pt. 10 Chs. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/2) extended (with effect in accordance with s. 64, Sch. 22 paras. 16-18 of the extending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 22 para. 4(2)(d)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/22/paragraph/4/2/d)
[^c23533041]: [Pt. 10 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/2) modified (1.4.2009 with effect in accordance with s. 1329(1) of the modifying Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/39/3) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23532151]: [S. 392A](https://www.legislation.gov.uk/ukpga/1988/1/section/392A) modified (with effect in accordance with s. 70(1) of the modifying Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 22 para. 17(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/17/1) (with [Sch. 22 para. 32](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/32))
[^c23532761]: [S. 392A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/392A/3) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 12(2)(4)
[^c23532851]: Words in [s. 392A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/392A/4/b) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 12(3)(4)
[^c23533011]: [S. 392B](https://www.legislation.gov.uk/ukpga/1988/1/section/392B) excluded (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 113(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/113/5), [Sch. 17 para. 12(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/17/paragraph/12/2)
[^c23533021]: [S. 392B](https://www.legislation.gov.uk/ukpga/1988/1/section/392B) excluded by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69X(5)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69X/5) (as inserted (6.4.2008) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I. 2008/705)](https://www.legislation.gov.uk/uksi/2008/705), [regs. 1](https://www.legislation.gov.uk/uksi/2008/705/regulation/1), [5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5))
[^c22745531]: Words in [s. 397(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/3) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 27(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/27/a)
[^c22745551]: Words in [s. 397(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/3/a/b) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 27(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/27/b)
[^c22751321]: [S. 397(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/5): definition of "basis year" repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para 34(1)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/34/1/a), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751361]: [S. 397(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/6) repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 34(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/34/2), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751401]: Words in [s. 397(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/7) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 34(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/34/3) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c23440781]: [S. 397(8)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/8/a/b) substituted for words in s. 397(8) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 169(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/169/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23440801]: Words in [s. 397(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/10) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 169(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/169/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23441301]: Word at the end of s. 397(10)(a) omitted (5.12.2005) by virtue of [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [71(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/71/2/a)
[^c23441251]: [S. 397(10)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/10/ab) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [71(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/71/2/a)
[^c23441321]: [S. 397(10)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/10/c) and preceding word inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [71(2)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/71/2/b)
[^c23442631]: [S. 397(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442751]: Words in [s. 397(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442771]: Words in [s. 397(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/3/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442791]: Words in [s. 397(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442651]: [S. 397(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/5): definition of "chargeable period" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(5)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/5/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442811]: [S. 397(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/5): definition of "prior five years" substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(5)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442671]: [S. 397(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/5): words in definition of "prior period of loss" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(5)(c)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/5/c/i), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442831]: [S. 397(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/5): words in definition of "prior period of loss" substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(5)(c)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/5/c/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442851]: [S. 397(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/5): definitions of "farming" and "market gardening" substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(5)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/5/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442691]: Words in [s. 397(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/7) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(6)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/6/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442871]: Words in [s. 397(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/7) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(6)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442711]: Words in [s. 397(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/7) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(6)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/6/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442891]: Words in [s. 397(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/8) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(7)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442911]: Words in [s. 397(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/8/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(7)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/7/b)
[^c23442731]: Words in [s. 397(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/10) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(8)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/8/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442931]: Words in [s. 397(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/10) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(8)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/8/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21597791]: Source—1978 s.31
[^c21597801]: Words in [s. 399(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/2) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 11](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/11)
[^c21597811]: Source—1985 s.72(2); 1987 Sch.15 11(2); 1987 (No.2) s.81(1)
[^c21597821]: Words in [s. 399(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/5) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(19)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/19/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c22746451]: [S. 399(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/1A) inserted (with effect in accordance with [s. 80(6)(7)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/6/7) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 80(4)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/4)
[^c22752101]: [S. 399(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/1B) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 4(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/4/2) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23440921]: [S. 399(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/1/1A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 171(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/171/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23450241]: Words in [s. 399(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 76(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/76/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23450251]: Words in [s. 399(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/2/a) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 76(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/76/2/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23450261]: Words in [s. 399(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/2/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 76(2)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/76/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23450271]: Words in [s. 399(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/2/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 76(2)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/76/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23545221]: Words in [s. 399(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 76(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/76/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22743341]: [S. 400](https://www.legislation.gov.uk/ukpga/1988/1/section/400) restricted (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 16](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/16)
[^c22744771]: [S. 400(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/1) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 12(1)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/12/1)
[^c22744271]: [S. 400(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/1) excluded (31.10.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [ss. 20(2)](https://www.legislation.gov.uk/ukpga/1994/21/section/20/2), [68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); SI 1994/2552, art. 2, Sch.
[^c21598001]: Source—1981 s.48
[^c21598011]: Words in [s. 400(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/2/a); repealed (27.7.1993 with effect in relation to accounting periods ending after the day appointed for the purposes of section 10 of the amended Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 14 para. 8(5)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/8/5), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (11), note; omitted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 120](https://www.legislation.gov.uk/ukpga/1993/34/section/120), [Sch. 14 paras. 8(5)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/8/5)
[^c21598031]: Words in [s. 400(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/2/e) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(20)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/20/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21598041]: Words in [s. 400(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/4) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 12](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/12)
[^c22744791]: [S. 400(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/6) modified (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 12(2)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/12/2)
[^c22744251]: [S. 400(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/6) modified (31.10.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [ss. 20(3)](https://www.legislation.gov.uk/ukpga/1994/21/section/20/3), [68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); SI 1994/2552, art. 2, Sch.
[^c21598071]: Words in [s. 400(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/6) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(20)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/20/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c22745601]: [S. 400(7)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/7/8) applied (with effect in accordance with s. 105(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 7(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/7/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22745621]: [S. 400(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/9A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 19](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/19) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22748451]: [S. 400(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/2/bb) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 36](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/36) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22748441]: Words in [s. 400(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/6) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22749301]: Words in [s. 400(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/7/a) inserted (1.7.1999) by [The Scotland Act 1998 (Consequential Modifications) (No. 2) Order 1999 (S.I. 1999/1820)](https://www.legislation.gov.uk/uksi/1999/1820), [art. 1(2)](https://www.legislation.gov.uk/uksi/1999/1820/article/1/2), [Sch. 2 para. 87(2)(a)(i)](https://www.legislation.gov.uk/uksi/1999/1820/schedule/2/paragraph/87/2/a/i) (with [art. 5](https://www.legislation.gov.uk/uksi/1999/1820/article/5))
[^c22749321]: Words in [s. 400(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/7/b) inserted (1.7.1999) by [The Scotland Act 1998 (Consequential Modifications) (No. 2) Order 1999 (S.I. 1999/1820)](https://www.legislation.gov.uk/uksi/1999/1820), [art. 1(2)](https://www.legislation.gov.uk/uksi/1999/1820/article/1/2), [Sch. 2 para. 87(2)(a)(ii)](https://www.legislation.gov.uk/uksi/1999/1820/schedule/2/paragraph/87/2/a/ii) (with [art. 5](https://www.legislation.gov.uk/uksi/1999/1820/article/5))
[^c22749341]: Words in [s. 400(8)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/8/9) inserted (1.7.1999) by [The Scotland Act 1998 (Consequential Modifications) (No. 2) Order 1999 (S.I. 1999/1820)](https://www.legislation.gov.uk/uksi/1999/1820), [art. 1(2)](https://www.legislation.gov.uk/uksi/1999/1820/article/1/2), [Sch. 2 para. 87(2)(b)](https://www.legislation.gov.uk/uksi/1999/1820/schedule/2/paragraph/87/2/b) (with [art. 5](https://www.legislation.gov.uk/uksi/1999/1820/article/5))
[^c22752001]: [S. 400](https://www.legislation.gov.uk/ukpga/1988/1/section/400) excluded (1.4.2002) by [The Scottish Water (Transfer of Functions, etc.) (Tax Provisions) Order 2002 (S.I. 2002/653)](https://www.legislation.gov.uk/uksi/2002/653), [art. 4(3)](https://www.legislation.gov.uk/uksi/2002/653/article/4/3)
[^c22752021]: [S. 400](https://www.legislation.gov.uk/ukpga/1988/1/section/400) modified (1.4.2002) by [The Scottish Water (Transfer of Functions, etc.) (Tax Provisions) Order 2002 (S.I. 2002/653)](https://www.legislation.gov.uk/uksi/2002/653), [art. 4(4)](https://www.legislation.gov.uk/uksi/2002/653/article/4/4)
[^c22751421]: Words in [s. 400(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/2/c) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 35(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/35/1) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751441]: Words in [s. 400(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/4) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para 35(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/35/2) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751461]: Words in [s. 400(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/6) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para 35(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/35/3) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c23450561]: [S. 400(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/2/b) substituted (28.9.2004 with effect in accordance with art. 1(2), Sch. para 13(4) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 13(2)(5)
[^c23450571]: [S. 499(2)(bb)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/499/2/bb/ii) substituted (28.9.2004 with effect in accordance with art. 1(2), Sch. para. 13(4) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 13(3)(5)
[^c21598101]: Source—1980 s.39(1), (2), (4); 1982 s.50
[^c21598111]: Word in [s. 401(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1) substituted (27.7.1993 with effect as mentioned in [s. 109(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/109/4) of the amending Act) by virtue of s. 109(1)(4)
[^c22744561]: Words in [s. 401(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1) substituted (with effect in accordance with [s. 120(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/120/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 120(1)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/120/1/a)
[^c22744601]: [S. 401(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/2) repealed (with effect in accordance with s. 120(2) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 120(1)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/120/1/b), [Sch. 29 Pt. 8(15)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/15), Note 2
[^c22766461]: [S. 401(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1A) inserted (27.7.1993 with effect as mentioned in [s. 109(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/109/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 109(2)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/109/2/4)
[^c22745641]: [S. 401(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1A) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 20(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/20/2), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c22745661]: [S. 401(1AA)-(1AC)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1AA) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 20(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/20/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22750821]: [S. 401](https://www.legislation.gov.uk/ukpga/1988/1/section/401) excluded (with effect in accordance with s. 69(1) of the excluding Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 20 paras. 1(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/1/3), [26](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/26)
[^c22752351]: [S. 401](https://www.legislation.gov.uk/ukpga/1988/1/section/401) excluded (with effect in accordance with s. 53(1) of the excluding Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 12 para. 20(1)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/12/paragraph/20/1)
[^c22752371]: [S. 401](https://www.legislation.gov.uk/ukpga/1988/1/section/401) excluded (with effect in accordance with Sch. 13 para. 28(1)(2) of the excluding Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 13 para. 15(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/15/3)
[^c22766481]: [S. 401](https://www.legislation.gov.uk/ukpga/1988/1/section/401) excluded (with effect in accordance with s. 56 of the excluding Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 15 para. 2(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/15/paragraph/2/2)
[^c22748471]: Words in [s. 401(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1/b) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22766471]: [S. 401(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1B) inserted (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 20](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/20)
[^c22748501]: [S. 401(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1B) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c23440991]: Word in [s. 401(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 172(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/172/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23441011]: Words in [s. 401(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 172(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/172/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23441051]: Words in [s. 401(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 172(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/172/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23441091]: Words in [s. 401(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 172(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/172/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23441071]: Words in [s. 401(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 172(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/172/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21598131]: *See*—1988 s.434A—*limitations on group relief for life assurance company.*1989 s.102—*surrender of company tax refund etc. within group* (*from a day to be appointed not earlier than* 31*March* 1992).
[^c21598141]: Source—1970 s.258(1)
[^c22742951]: Words in [s. 402(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/4) repealed (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(3)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/3/a/5), [Sch. 40 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/11), Note 2
[^c21598161]: Source—1970 s.258(3), (4)
[^c22751841]: [S. 402(1)(2)(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/1/2/5/6) applied (with modifications) (31.3.2001 with effect in accordance with reg. 1(2) of the affecting Regulations) by [The Double Taxation Relief (Surrender of Relievable Tax Within a Group) Regulations 2001 (S.I. 2001/1163)](https://www.legislation.gov.uk/uksi/2001/1163), [reg. 10](https://www.legislation.gov.uk/uksi/2001/1163/regulation/10)
[^c22750001]: [S. 402(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/3A/3B) inserted (with effect in accordance with [Sch. 27 para. 6(1)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 1](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/1)
[^c23438371]: Words in [s. 402(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/3B) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23441211]: Words in [s. 402(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/6/b) repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23441731]: Words in [s. 402(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/1) substituted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 1(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/1/2)
[^c23441751]: [S. 402(2)-(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/2) substituted for s. 402(2) (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 1(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/1/3)
[^c23441771]: Words in [s. 402(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/3A) substituted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 1(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/1/4)
[^c22749271]: [S. 403](https://www.legislation.gov.uk/ukpga/1988/1/section/403) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 8 para 2(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/8/paragraph/2/2) (as substituted (with effect in accordance with s. 38(2)(3) of the1998 amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch 5 para. 64(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/64/3) (with [Sch 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73)))
[^c22749281]: [S. 403](https://www.legislation.gov.uk/ukpga/1988/1/section/403) modified (with effect in accordance with s. 38(2)(3) of the modifying Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 paras. 75](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/75), [76](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/76)
[^c22751821]: [S. 403](https://www.legislation.gov.uk/ukpga/1988/1/section/403) excluded (with effect in accordance with s. 579(1) of the affecting Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [ss. 260(7)](https://www.legislation.gov.uk/ukpga/2001/2/section/260/7), [261](https://www.legislation.gov.uk/ukpga/2001/2/section/261) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22749191]: [Ss. 403-403ZE](https://www.legislation.gov.uk/ukpga/1988/1/section/403) substituted for s. 403 (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 29](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/29) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23438711]: [S. 403](https://www.legislation.gov.uk/ukpga/1988/1/section/403) modified (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [ss. 27(1)(b)](https://www.legislation.gov.uk/ukpga/2004/20/section/27/1/b), [198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^c22752121]: Words in [s. 403(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/403/1/b) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 2(1)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/2/1/a)
[^c22752141]: Words in [s. 403(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/403/3) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/2/1/b)
[^c22752161]: Words in [s. 403(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/403/3) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 2(1)(c)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/2/1/c)
[^c23441841]: [S. 403](https://www.legislation.gov.uk/ukpga/1988/1/section/403) restricted (with effect in accordance with Sch. 10 para. 2 of the affecting Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 10 para. 38(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/38/5)
[^c23441791]: Words in [s. 403(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/403/4) inserted (with effect in accordance with [s. 83(4)-(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/83/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 83(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/83/1)
[^c23441821]: Words in [s. 403(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/403/4) inserted (with effect in accordance with [Sch. 10 para. 2](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 10 para. 43(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/43/3)
[^c21598361]: Source—1987 (No.2) s.63
[^c21598371]: *Definition applied for purposes of*—1970 s.273A—*transfer of U.K. branch or agency.*1970 s.276(1A)—*replacement of business assets by members of a group.*1990(C) s.161(2)—*interpretation.*
[^c22745731]: [S 404(6)(a)(ia)](https://www.legislation.gov.uk/ukpga/1988/1/section/404/6/a/ia) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 21(1)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/21/1/a) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22745831]: [S. 404(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/404/7) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 21(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/21/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22751861]: [S. 404](https://www.legislation.gov.uk/ukpga/1988/1/section/404) applied (with modifications) (31.3.2001 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Double Taxation Relief (Surrender of Relievable Tax Within a Group) Regulations 2001 (S.I. 2001/1163)](https://www.legislation.gov.uk/uksi/2001/1163), [reg. 10](https://www.legislation.gov.uk/uksi/2001/1163/regulation/10)
[^c22748631]: [S. 404(2)(a)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/404/2/a/aa) substituted for s. 404(2)(a) (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 37(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/37/2) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22748691]: [S. 404(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/404/6/c) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 37(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/37/3), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 para. 73)
[^c23438651]: Word in [s. 404(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/404/2/c) substituted (28.9.2004 with effect in accordance with art. 1(2), Sch. para. 16(3) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 16(2)
[^c21598381]: Source—1985 Sch.9 2
[^c21598391]: Source—1985 Sch.9 3
[^c22747371]: Words in [s. 405(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/405/4) substituted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 4](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/4)
[^c21598401]: Source—1985 Sch.9 5(1), 6(1)
[^c21598411]: Source—1985 Sch.9 5(2)-(4)
[^c21598421]: Source—1985 Sch.9 6(2)-(5)
[^c22742971]: Words in [s. 406(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/406/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(2)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/2/5)
[^c22747391]: Words in [s. 406(2)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/406/2/6) substituted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 5(1)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/5/1/a)
[^c22747421]: Words in [s. 406(2)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/406/2/6) substituted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 5(1)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/5/1/b)
[^c22747451]: [S. 406(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/406/3) substituted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 5(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/5/2)
[^c22747471]: [S. 406(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/406/7) substituted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 5(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/5/3)
[^c22747491]: Words in [s. 406(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/406/8) substituted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 5(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/5/4)
[^c21598591]: Source—1970 s.260(1)
[^c21598601]: Source—1970 s.260(1), (2)
[^c21598611]: Words in [s. 407(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/1/b) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 14(1)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/14/1)
[^c21598631]: Source—1970 s.260(3)(a), (d)
[^c21598641]: Words in [s. 407(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/2/a) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 14(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/14/2)
[^c21598651]: Source—1970 s.260(3)(b)
[^c21598671]: Word in [s. 407(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/2) inserted (27.7.1993 ) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 170](https://www.legislation.gov.uk/ukpga/1993/34/section/170), [Sch. 18 para.4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/18/paragraph/4)
[^c21598681]: [S. 407(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/2/c) and words inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 170](https://www.legislation.gov.uk/ukpga/1993/34/section/170), [Sch. 18 para.4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/18/paragraph/4)
[^c21598691]: Source—1970 s.260(4)
[^c22745851]: Words in [s. 407(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/1/b) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 22(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/22/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22745871]: [S. 407(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/2/c) substituted for para. (c) and words following it (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 22(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/22/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22751541]: Words in [s. 407(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/1/b) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 37(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/37/1) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751551]: Words in [s. 407(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/2/b) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 37(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/37/2) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22746161]: [S. 410(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/410/1/2) restricted (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 20(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/20/1) (with [s. 43(6)](https://www.legislation.gov.uk/ukpga/1996/55/section/43/6))
[^c22744691]: [S. 410](https://www.legislation.gov.uk/ukpga/1988/1/section/410) restricted (19.7.1995) by [Crown Agents Act 1995 (c. 24)](https://www.legislation.gov.uk/ukpga/1995/24) s. 7(2)
[^c22744291]: [S. 410](https://www.legislation.gov.uk/ukpga/1988/1/section/410) restricted (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 16](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/16) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c22743191]: [S. 410](https://www.legislation.gov.uk/ukpga/1988/1/section/410) restricted (retrospective to 5.11.1993) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/2), [Sch. 24 para. 17](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/17)
[^c22744751]: [S. 410(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/410/1/2) restricted (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 8(1)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/8/1)
[^c21598761]: Source—1973 s.29, 32(6); 1981 s.40(6)
[^c21598771]: *See* Trustee Savings Bank Act 1985 s.5*and* Sch.2 para.6(8)—s.410*not to apply to transfers effected by* s.3*of the* TSB Act 1985.
[^c21598781]: Source—1981 s.47
[^c22750861]: [S. 410](https://www.legislation.gov.uk/ukpga/1988/1/section/410) restricted (6.11.2000) by [Postal Services Act 2000 (c. 26)](https://www.legislation.gov.uk/ukpga/2000/26), [s. 130(1)](https://www.legislation.gov.uk/ukpga/2000/26/section/130/1), [Sch. 4 para. 5](https://www.legislation.gov.uk/ukpga/2000/26/schedule/4/paragraph/5); [S.I. 2000/2957](https://www.legislation.gov.uk/uksi/2000/2957), [art. 2(1)](https://www.legislation.gov.uk/uksi/2000/2957/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2000/2957/schedule/1)
[^c22752041]: [S. 410](https://www.legislation.gov.uk/ukpga/1988/1/section/410) restricted (1.4.2002) by [The Scottish Water (Transfer of Functions, etc.) (Tax Provisions) Order 2002 (S.I. 2002/653)](https://www.legislation.gov.uk/uksi/2002/653), [art. 5](https://www.legislation.gov.uk/uksi/2002/653/article/5) (with [art. 6](https://www.legislation.gov.uk/uksi/2002/653/article/6))
[^c22751881]: S.. 410(1)(4)(5)-(7) applied (with modifications) (31.3.2001 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Double Taxation Relief (Surrender of Relievable Tax Within a Group) Regulations 2001 (S.I. 2001/1163)](https://www.legislation.gov.uk/uksi/2001/1163), [reg. 10](https://www.legislation.gov.uk/uksi/2001/1163/regulation/10)
[^c22746471]: Words in [s. 410(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/410/5) inserted (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 68](https://www.legislation.gov.uk/ukpga/1997/16/section/68)
[^c21598791]: Source—1970 s.263(1),(2)
[^c22747561]: [S. 411(2)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/411/2) repealed (with effect in accordance with Sch. 7 para. 6, Sch. 8 Pt. 2(14) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 6](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/6), [Sch. 8 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/14)
[^c22751901]: [S. 411(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/411/1) applied (with modifications) (31.3.2001 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Double Taxation Relief (Surrender of Relievable Tax Within a Group) Regulations 2001 (S.I. 2001/1163)](https://www.legislation.gov.uk/uksi/2001/1163), [reg. 10](https://www.legislation.gov.uk/uksi/2001/1163/regulation/10)
[^c22751731]: Words in [s. 411(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/411/10) repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 38(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/38/a), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751741]: Words in [s. 411(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/411/10) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 38(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/38/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22748651]: [S. 412](https://www.legislation.gov.uk/ukpga/1988/1/section/412) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 46](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/46); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21598931]: Source—1970 s.258; 1985 Sch.9 1
[^c21598941]: Source—1970 s.258(5)-(7)
[^c21598951]: Source—1970 s.258(8); 1984 s.46(2); 1985 Sch.9 1(a)
[^c22743261]: [S. 413(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/6/a) applied (retrospective to 5.11.1993) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/2), [Sch. 24 para. 17(7)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/17/7)
[^c21598961]: Source—1973 s.28(2)-(5); 1981 s.40(5)
[^c22743031]: [S. 413(8)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/8/9) repealed (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(3)(b)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/3/b/5), [Sch. 40 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/11), Note 2
[^c22747511]: [S. 413(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/2A) inserted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 7](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/7)
[^c22748671]: Words in [s. 413(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/6) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 38](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/38) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22750111]: [S. 413(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/2): definition of "company" inserted (with effect in accordance with [Sch. 27 para. 6(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 7 para. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/7/paragraph/2/1) (with [Sch. 7 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/7/paragraph/6/1))
[^c22750131]: [S. 413(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/2): definition of "non-resident company" inserted (with effect in accordance with [Sch. 27 para. 6(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 7 para. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/7/paragraph/2/1) (with [Sch. 7 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/7/paragraph/6/1))
[^c23441631]: [S. 413(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/3) applied (with modifications) (6.4.2006) by [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [regs. 1](https://www.legislation.gov.uk/uksi/2006/575/regulation/1), [35](https://www.legislation.gov.uk/uksi/2006/575/regulation/35)
[^c22767851]: Words in [s. 413(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/5) repealed (with efffect in accordance with Sch. 27 para. 6(4) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 2(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/2/2), [Sch. 40 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/11), Note 3
[^c22743021]: [S. 413(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/5/c) and preceding word repealed (with efffect in accordance with Sch. 27 para. 6(4) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 2(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/2/2), [Sch. 40 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/11), Note 3
[^c23442601]: [S. 413(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/2): definition of "EEA territory" inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 5(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/5/2)
[^c23443201]: [S. 413(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/3/a) applied (6.4.2007) by [The Income Tax (Construction Industry Scheme) Regulations 2005 (S.I. 2005/2045)](https://www.legislation.gov.uk/uksi/2005/2045), [regs. 1](https://www.legislation.gov.uk/uksi/2005/2045/regulation/1), [5(5)](https://www.legislation.gov.uk/uksi/2005/2045/regulation/5/5) (with [Sch. 1](https://www.legislation.gov.uk/uksi/2005/2045/schedule/1)); Gazette issue 58269 dated 9.3.2007
[^c22746701]: [S. 403A](https://www.legislation.gov.uk/ukpga/1988/1/section/403A) modified by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 179(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/179/4) (as amended (with effect in accordance with Sch. 7 para. 9 of the 1997 amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 8](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/8))
[^c22750041]: Words in [s. 403A(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/403A/10/b) inserted (with effect in accordance with [Sch. 27 para. 6(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 3(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/3/b) (with [Sch. 27 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1))
[^c23441891]: [S. 403A(10)(a)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/403A/10/a/ab) substituted for s. 403A(10)(a) (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 2(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/2/2)
[^c23441921]: [S. 403A(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/403A/11) inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 2(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/2/3)
[^c22746721]: [S. 403B](https://www.legislation.gov.uk/ukpga/1988/1/section/403B) modified by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 179(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/179/4) (as amended (with effect in accordance with Sch. 7 para. 9 of the 1997 amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 8](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/8))
[^c22750071]: [S. 403C](https://www.legislation.gov.uk/ukpga/1988/1/section/403C) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(1)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/1/5)
[^c22749751]: [Pt. 10 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/4) modified (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1), [5(1)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/5/1)
[^c22751481]: Words in [s. 403ZB(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZB/1) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para 36](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/36) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751501]: [S. 403ZB(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZB/2) restricted (with effect in accordance with s. 579(1) of the restricting Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 131(7)](https://www.legislation.gov.uk/ukpga/2001/2/section/131/7) (with [Sch. 3 paras. 54](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/54), [55](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/55))
[^c22749241]: [1996 c.8](https://www.legislation.gov.uk/ukpga/1996/8).
[^c22752181]: [S. 403ZC(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZC/2) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 45](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/45), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c22752221]: [S. 403ZD(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZD/6) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 2(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/2/2)
[^c23438571]: [S. 403ZD(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZD/4) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 14(2)(4)
[^c23438591]: [S. 403ZD(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZD/5) omitted (28.9.2004 with effect in accordance with art. 1(2) of the repealing S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 14(3)
[^c23438611]: Words in [s. 403ZE(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZE/1/b/ii) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 15(2)(3)
[^c23438631]: [S. 403ZE(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZE/2) omitted (28.9.2004 with effect in accordance with art. 1(2) of the repealing S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 15(4)
[^c23550481]: [Pt. 10 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/4): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 35](https://www.legislation.gov.uk/uksi/2006/575/regulation/35) to be construed as one with this Chapter (6.4.2006) by virtue of regs. 1, 35(2) of that affecting S.I.
[^c23441971]: Words in [s. 403D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/403D/1) inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 3(2)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/3/2/a)
[^c23441991]: Words in [s. 403D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/403D/1) inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 3(2)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/3/2/b)
[^c23442011]: [S. 403D(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/403D/11) inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 3(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/3/3)
[^c23438381]: Words in [s. 403E(1)(a)(2)(4)(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/403E/1/a/2/4/5/6) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23546071]: [S. 403E(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/403E/3) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 5](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/5), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23441691]: [Pt. 10 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/4) modified (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 136(1)(2)(c)](https://www.legislation.gov.uk/ukpga/2006/25/section/136/1/2/c)
[^c23550461]: [Pt. 10 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/4) modified (12.12.2006 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Taxation of Securitisation Companies Regulations 2006 (S.I. 2006/3296)](https://www.legislation.gov.uk/uksi/2006/3296), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/3296/regulation/1/1), [17](https://www.legislation.gov.uk/uksi/2006/3296/regulation/17)
[^c23550471]: [Pt. 10 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/4) modified (1.4.2009 with effect in accordance with s. 1329(1) of the modifying Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/39/3) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23550451]: [S. 411ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/411ZA): power to amend conferred (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 521](https://www.legislation.gov.uk/ukpga/2009/4/section/521) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2), [paras. 73-75](https://www.legislation.gov.uk/ukpga/2009/4/paragraph/73))
[^c22752391]: [S. 414](https://www.legislation.gov.uk/ukpga/1988/1/section/414) modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 9A(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/9A/4) (as inserted (with effect in accordance with s. 104(5) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 104(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/104/3))
[^c22752411]: [S. 414](https://www.legislation.gov.uk/ukpga/1988/1/section/414) modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 2(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/2/5) (as inserted (with effect in accordance with s. 82(2) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 22(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/22/4))
[^c23481021]: [S. 414](https://www.legislation.gov.uk/ukpga/1988/1/section/414) applied (with modifications) (6.4.2005 with effect in accordance with s. 883(1) of the affecting Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 453](https://www.legislation.gov.uk/ukpga/2005/5/section/453), [456(7)](https://www.legislation.gov.uk/ukpga/2005/5/section/456/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21598971]: *See* 1979(C) s.155(1)—*definition applied for purposes of capital gains.*
[^c21598981]: Source—1970 s.282(1)
[^c21598991]: 1989 s. 104(1) from 1 April 1989. Previously "(2) Subject to section 415 and subsection (5) below, a company resident in the United Kingdom (but not falling within subsection (1)(b) above) is a close company if-(a) on the assumtion that it is so, or (b) on the assumption that it and any other such company or companies are so, more than half of any any amount falling to be apportioned under section 423 in the case of the company (including any sum which has been apportioned to it, or could on either of those assumptions be apportioned to it, under that section) could be apportioned among five or fewer participators, or among participators who are directors.".
[^c21599001]: Source—1970 s.282(2); 1972 Sch.17 1
[^c21599011]: Repealed by 1989 ss. 104(2) and 187 and Sch. 17 Part V from 1 April 1989
[^c21599021]: Source—1970 s.282(3)
[^c21599031]: 1970 s.282(4), (5); 1972 Sch.17 1
[^c21599041]: 1989 s.104(3)*from* 1*April* 1989.*Previously* “paragraph (c) of section 416(2) and it would not be a close company if the reference in that paragraph”.
[^c21599051]: Source—1971 s.25(6)
[^c23481081]: Words in [s. 414(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/414/7) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para 18](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/18) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23481211]: Words in [s. 414(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/414/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 77](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/77) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21599061]: Source—1970 s.283(1)-(3)
[^c21599071]: Source—1970 s.283(4)(a)
[^c21599081]: Source—1970 s.283(4)(bb); 1970(F) Sch.5 Part III 12(3)
[^c21599091]: Source—1970 s.283(4)(c)
[^c21599101]: Source—1970 s.283(5)-(8)
[^c22745911]: Word in [s. 415(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/415/1/b) substituted (with effect in accordance with [Sch. 38 para. 6(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(f)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/f)
[^c23481101]: Words in [s. 415(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/415/4/b) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para 19](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/19) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23481231]: Word in [s. 415(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/415/1/b) substituted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 7(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/7/4)
[^c21599161]: [S. 416](https://www.legislation.gov.uk/ukpga/1988/1/section/416) applied (with modifications) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 89(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/89/1), [Sch. 16 para. 10(9)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/16/paragraph/10/9) [S. 416](https://www.legislation.gov.uk/ukpga/1988/1/section/416) applied (with modifications) by [Finance Act 1981 (c. 35, SIF 63:2)](https://www.legislation.gov.uk/ukpga/1981/35), [s. 82A(11)(13)](https://www.legislation.gov.uk/ukpga/1981/35/section/82A/11/13) (in relation to payments received on or after 19.3.1991) (as inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 91](https://www.legislation.gov.uk/ukpga/1991/31/section/91), [Sch. 18 para. 4](https://www.legislation.gov.uk/ukpga/1991/31/schedule/18/paragraph/4))
[^c21599171]: [S. 416](https://www.legislation.gov.uk/ukpga/1988/1/section/416) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 86(5)](https://www.legislation.gov.uk/ukpga/1992/12/section/86/5), [288(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/288/1), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [Sch. 5 paras. 2(8)(9)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5/paragraph/2/8/9), [8(8)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5/paragraph/8/8), [9(9)(10)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5/paragraph/9/9/10) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)) [S. 416](https://www.legislation.gov.uk/ukpga/1988/1/section/416) applied (1.10.1992) by [S.I. 1992/1725 (N.I. 15)](https://www.legislation.gov.uk/nisi/1992/1725), [art. 62(4)](https://www.legislation.gov.uk/nisi/1992/1725/article/62/4); [S.R. 1992/402](https://www.legislation.gov.uk/nisr/1992/402), [art. 2(a)](https://www.legislation.gov.uk/nisr/1992/402/article/2/a)
[^c22744231]: [S. 416](https://www.legislation.gov.uk/ukpga/1988/1/section/416) applied (17.12.1996) by [Housing Grants, Construction and Regeneration Act 1996 (c. 53)](https://www.legislation.gov.uk/ukpga/1996/53), [ss. 54(2)](https://www.legislation.gov.uk/ukpga/1996/53/section/54/2), [150(3)](https://www.legislation.gov.uk/ukpga/1996/53/section/150/3); [S.I. 1996/2842](https://www.legislation.gov.uk/uksi/1996/2842), [art. 3](https://www.legislation.gov.uk/uksi/1996/2842/article/3)
[^c23457351]: S, 416 applied (N.I.) (1.10.2003 for specified purposes and 1.12.2003 otherwise) by [The Housing (Northern Ireland) Order 2003 (S.I. 2003/412)](https://www.legislation.gov.uk/uksi/2003/412), [arts. 1(3)](https://www.legislation.gov.uk/uksi/2003/412/article/1/3), [85(2)](https://www.legislation.gov.uk/uksi/2003/412/article/85/2); [S.R. 2003/270](https://www.legislation.gov.uk/nisr/2003/270), [art. 2(4)](https://www.legislation.gov.uk/nisr/2003/270/article/2/4), [Sch. 3](https://www.legislation.gov.uk/nisr/2003/270/schedule/3)
[^c21599181]: Source—1970 s.302(1); 1972 Sch.24 21
[^c21599191]: Words repealed by 1989 s. 187 and Sch. 17 Part v in relation to accounting periods beginning after 31 March 1989
[^c21599201]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 184(1)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/184/1/b), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22745921]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 87(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/87/6) (with [Schs. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10), [11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11))
[^c22745941]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with effect in accordance with Sch. 9 para. 17(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8) Sch. 9 para. 17(9)
[^c22746271]: [S. 416(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (1.3.1996) by [Gas Act 1995 (c. 45)](https://www.legislation.gov.uk/ukpga/1995/45), [ss. 12(7)](https://www.legislation.gov.uk/ukpga/1995/45/section/12/7), [18(4)](https://www.legislation.gov.uk/ukpga/1995/45/section/18/4) (with [Sch. 5 para. 1](https://www.legislation.gov.uk/ukpga/1995/45/schedule/5/paragraph/1)); [S.I. 1996/218](https://www.legislation.gov.uk/uksi/1996/218), [art. 3](https://www.legislation.gov.uk/uksi/1996/218/article/3)
[^c22746291]: [S. 416(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (10.6.1996) by [The Gas (Northern Ireland) Order 1996 (S.I. 1996/275)](https://www.legislation.gov.uk/uksi/1996/275), [arts. 1(2)](https://www.legislation.gov.uk/uksi/1996/275/article/1/2), [39(7)](https://www.legislation.gov.uk/uksi/1996/275/article/39/7) (with [art. 71](https://www.legislation.gov.uk/uksi/1996/275/article/71)); [S.R. 1996/216](https://www.legislation.gov.uk/nisr/1996/216), [art. 2](https://www.legislation.gov.uk/nisr/1996/216/article/2) (with [arts. 3](https://www.legislation.gov.uk/nisr/1996/216/article/3), [4](https://www.legislation.gov.uk/nisr/1996/216/article/4))
[^c22750701]: [S. 416(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with modifications) by [Gas Act 1986 (c. 44)](https://www.legislation.gov.uk/ukpga/1986/44), [s. 19E(4)](https://www.legislation.gov.uk/ukpga/1986/44/section/19E/4) (as inserted (10.8.2000) by [The Gas (Third Party Access and Accounts) Regulations 2000 (S.I. 2000/1937)](https://www.legislation.gov.uk/uksi/2000/1937), [Sch. 2 para. 1](https://www.legislation.gov.uk/uksi/2000/1937/schedule/2/paragraph/1))
[^c22750721]: [S. 416(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with modifications) by [Petroleum Act 1998 (c. 17)](https://www.legislation.gov.uk/ukpga/1998/17), [s. 17E(7)](https://www.legislation.gov.uk/ukpga/1998/17/section/17E/7) (as inserted (10.8.2000) by [The Gas (Third Party Access and Accounts) Regulations 2000 (S.I. 2000/1937)](https://www.legislation.gov.uk/uksi/2000/1937), [Sch. 4 para. 4](https://www.legislation.gov.uk/uksi/2000/1937/schedule/4/paragraph/4))
[^c22750881]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with modifications) (with application in accordance with s. 63(4) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 8(2)-(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/8/2)
[^c22750901]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with application in accordance with s. 63(4) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 20](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/20); and s. 416(2)-(6) applied by that para. 20 as amended by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 20 paras. 4](https://www.legislation.gov.uk/ukpga/2004/12/schedule/20/paragraph/4), [15](https://www.legislation.gov.uk/ukpga/2004/12/schedule/20/paragraph/15)
[^c22750921]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with application in accordance with s. 63(4) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 33(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/33/5)
[^c22752431]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch.15 para. 11(2D)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15/paragraph/11/2D/a) (as inserted (with effect in accordance with s. 82(2) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 41(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/41/2))
[^c22752451]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 59(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/59/4)
[^c23457571]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 5 para. 10(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/5/paragraph/10/3) (as substituted (with effect in accordance with s. 96(6) of the 2004 amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 96(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/96/3))
[^c23457581]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with effect in accordance with s. 77 of the affecting Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 11 para. 4(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/11/paragraph/4/2); [S.I. 2006/3240](https://www.legislation.gov.uk/uksi/2006/3240), [art. 2](https://www.legislation.gov.uk/uksi/2006/3240/article/2)
[^c23481311]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 784(6)](https://www.legislation.gov.uk/ukpga/2009/4/section/784/6) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c21599211]: Source—1970 s.302(2)-(4); 1972 Sch.17 5
[^c21599221]: Source—1970 s.302(5), (6)
[^c21599351]: *Definition of* “participator”,*excluding* “loan creditor”,*applied for purposes of* 1979(C) s.149 (*capital gains tax relief on disposals to employee trusts*).*Definition of* “participator” *applied for purposes of*—1988 s.168(11)—*directors etc.*1988 s.187(3)—*share option and profit sharing schemes.*1988 s.360A—*loan to buy interest in close company.*1989 Sch.5—*employee share ownership trusts.*
[^c21599361]: In s. 417(1): definition of 'participator' applied by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 89](https://www.legislation.gov.uk/ukpga/1991/31/section/89), [Sch. 16 paras. 4(10)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/16/paragraph/4/10), [10(10)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/16/paragraph/10/10), [11(11)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/16/paragraph/11/11) and applied by [Finance Act 1981 (c. 35, SIF 63:2)](https://www.legislation.gov.uk/ukpga/1981/35), [s. 82A(12)(13)](https://www.legislation.gov.uk/ukpga/1981/35/section/82A/12/13) (in relation to payments received on or after 19.3.1991) (as inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 91](https://www.legislation.gov.uk/ukpga/1991/31/section/91), [Sch. 18 para. 4](https://www.legislation.gov.uk/ukpga/1991/31/schedule/18/paragraph/4))
[^c21599371]: Source—1970 s.303(1), (2)
[^c21599381]: *See* s.360(4)(b)*ante with regard to loans made before* 14*November* 1986.
[^c21599391]: *Definition of* “associate” *applied for purposes of:*—1988 s.168 (Ch.II Part V) (*expenses of directors and others*).1988 s.312 (Ch.III Part VII) (*Business Expansion Scheme*).1989 Sch.5 para.16—*employee share ownership trusts.*
[^c21599411]: Source—1970 s.303(4)-(6)
[^c21599421]: *Definition applied for purposes of* 1988(F) s.131—*penalties; and* 1989 s.134—*non-payment of tax by non-residents.*
[^c21599431]: *Definition applied for purposes of* 1989 Sch.12 Pt.I—*close companies: administrative provisions.*
[^c21599441]: Source—1970 s.303(7)
[^c21599451]: Source—1970 s.303(8); 1972 Sch.17 7
[^c21599461]: Source—1970 s.303(7)
[^c21599401]: Source—1970 s.303(3); 1970(F) Sch.5 Part III 12(4); 1987 s.37(1)
[^c23481041]: Words in [s. 417(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/417/4) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [72](https://www.legislation.gov.uk/uksi/2005/3229/regulation/72)
[^c23481331]: [S. 417](https://www.legislation.gov.uk/ukpga/1988/1/section/417) modified (1.4.2009 with effect in accordance with s. 1329(1) of the modifying Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 519(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/519/2) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2), [paras. 73-75](https://www.legislation.gov.uk/ukpga/2009/4/paragraph/73))
[^c23481371]: [S. 417(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/417/1) applied (with modifications) (with effect in accordance with Sch 15 paras. 97, 98 of the modifying Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 15 para. 82(5)(6)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/15/paragraph/82/5/6)
[^c23481161]: Words in [s. 417(3)(b)(c)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/417/3/b/c/i) repealed (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 12(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/12/b), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15), Note
[^c23481141]: Words in [s. 417(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/417/3/b) repealed (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 12(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/12/a), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15), Note
[^c21599471]: Source—1970 s.284(1)
[^c21599481]: Source—1970 s.284(2)
[^c21599491]: Source—1970 s.284(2)(a); 1976 Sch.9 15
[^c21599501]: 1989 s.53(2)(f).*Previously* “director's or higher-paid employment (within the meaning of section 167)”.
[^c21599511]: Source—1970 s.284(2)(aa); 1980 s.51(4)
[^c21599521]: Source—1970 s.284(2)(b); 1976 Sch.9 15; 1977 s.35(4)
[^c21599531]: Source—1970 s.284(3); 1976 Sch.9 16
[^c21599541]: Source—1970 s.284(4)-(7)
[^c23457471]: Words in [s. 418(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/418/3/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 55(2)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/55/2/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23457491]: Words in [s. 418(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/418/3/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 55(2)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/55/2/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23457511]: Words in [s. 418(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/418/3/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 55(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/55/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23457531]: Words in [s. 418(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/418/4) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 55(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/55/4) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481061]: Words in [s. 418(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/418/3/c) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [73](https://www.legislation.gov.uk/uksi/2005/3229/regulation/73)
[^c21599551]: *See* 1989 s.107*and* Sch.12—*close companies: administrative provisions.*
[^c21599561]: *See* 1970(M) s.109—*application of* s.419*to corporation tax enactments generally.*
[^c21599571]: [S. 419(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/1/3): 30.9.1993 appointed for the purposes of s. 419(1)(3) by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/b)
[^c21599581]: Source—1970 s.286(1); 1972 Sch.17 3(2); 1987 (No.2) s.90(3)
[^c21599591]: Source—1970 s.286(2)
[^c21599621]: Source—1970 s.286(5); 1972 Sch.17 3(4); 1986 s.43(2); 1976 s.44
[^c21599631]: Source—1970 s.286(7)-(9)
[^c22746021]: [S. 419(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/3) substituted (with effect in accordance with [s. 173(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 173(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/2)
[^c22746081]: [S. 419(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4A) inserted (with effect in accordance with [s. 173(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 173(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/3)
[^c22767981]: Words in [s. 419(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/6) repealed (with effect in accordance with s. 173(6) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 173(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/4), [Sch. 41 Pt. 5(29)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/29), Note
[^c22748711]: Words in [s. 419(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/1) substituted (with effect in accordance with [Sch. 3 para. 24(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/2)
[^c22748911]: Words in [s. 419(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/3) inserted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 47(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/47/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22748731]: Word in [s. 419(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4) renumbered as s. 419(4)(a) (with effect in accordance with [Sch. 3 para. 24(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/3/a)
[^c22748771]: [S. 419(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4/b) and preceding word inserted (with effect in accordance with [Sch. 3 para. 24(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/3/b)
[^c22748871]: Words in [s. 419(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4) repealed (with effect in accordance with s. 117(4)(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para 47(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/47/3), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22748761]: Words in [s. 419(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4) inserted (with effect in accordance with [Sch. 3 para. 24(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/3/c)
[^c22748801]: Word in [s. 419(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4A) renumbered as s. 419(4A)(a) (with effect in accordance with [Sch. 3 para. 24(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/4/a)
[^c22748821]: [S. 419(4A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4A/b) and preceding word inserted (with effect in accordance with [Sch. 3 para. 24(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/4/b)
[^c22748841]: Words in [s. 419(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4A) inserted (with effect in accordance with [Sch. 3 para. 24(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(4)(c)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/4/c)
[^c22748891]: [S. 419(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4B) inserted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 47(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/47/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21599641]: Source—1970 s.286(2)
[^c21599651]: Source—1970 s.286(3), (9); 1971 s.25(5); 1972 Sch.17 3(3)
[^c21599661]: Words omitted where the loan first mentioned in s. 420(2) is made on or after 6 April 1990-see 1988(F) s. 35 and Sch. 3 para. 16.
[^c21599701]: Words in [s. 421(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/a) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 77(4)(a)(5)](https://www.legislation.gov.uk/ukpga/1993/34/section/77/4/a/5)
[^c22747651]: Words in [s. 421(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/a/b) substituted (with effect in accordance with [Sch. 4 para. 11(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/11/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 11(1)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/11/1/a)
[^c23480921]: Words in [s. 421(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23480941]: Words in [s. 421(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23480961]: Words in [s. 421(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23480981]: Words in [s. 421(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23481001]: Words in [s. 421(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23480861]: [S. 421(1)(c)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/c/d) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/2/d), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23480891]: [S. 421(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/2/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23481181]: Words in [s. 421(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 13](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/13), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c21599751]: Source—1970 s.287A 1976 s.44(2)
[^c22770741]: Source—1970 s.323(1); 1973 s.40(7); 1982 s.58(7)
[^c22770761]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2) modified (31.7.1992 with effect as mentioned in reg. 1 of the modifying S.I.) by [S.I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 1](https://www.legislation.gov.uk/uksi/1992/1655/regulation/1), [5](https://www.legislation.gov.uk/uksi/1992/1655/regulation/5) (as amended (31.12.1993) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1993 (S.I. 1993/3111)](https://www.legislation.gov.uk/uksi/1993/3111), [regs. 1](https://www.legislation.gov.uk/uksi/1993/3111/regulation/1), [5](https://www.legislation.gov.uk/uksi/1993/3111/regulation/5), [6](https://www.legislation.gov.uk/uksi/1993/3111/regulation/6); and as further amended (19.3.1997) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1997 (S.I. 1997/471)](https://www.legislation.gov.uk/uksi/1997/471), [regs. 1](https://www.legislation.gov.uk/uksi/1997/471/regulation/1), [6](https://www.legislation.gov.uk/uksi/1997/471/regulation/6))
[^c22770771]: Source—1970 s.323(2); 1970(F) Sch.5 Pt.III 11(4)
[^c22770791]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/1/2)
[^c22770811]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "foreign income dividends" inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 4](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/4)
[^c22770831]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/1/2)
[^c22770851]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/1/2)
[^c22770861]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/1/2)
[^c22770871]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in the definition of "overseas life insurance company" substituted (27.7.1993 as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 103(1)(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/1/3/4)
[^c22770881]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "UK distribution income" inserted (27.7.1993 with effect in relation to accounting periods beginning after 31.12.1992) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 99(2)(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/99/2/3)
[^c22770901]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/1/2)
[^c22770911]: [S. 431(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 1(3)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/1/3)
[^c22855041]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "general annuity business" and "pension business" repealed (with effect in accordance with Sch. 8 para. 57, Sch. 29 Pt. 8(5) Notes 2, 3 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5)
[^c22855071]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "basic life assurance business" repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22855081]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "basic life assurance and general annuity business" repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22855011]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "basic life assurance and general annuity business" inserted (with effect in accordance with [Sch. 8 para. 57](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/1)
[^c22854971]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "insurance company" substituted (with effect in accordance with [s. 52(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/52/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/52/1)
[^c22854991]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "life reinsurance business" inserted (with effect in accordance with [Sch. 8 para. 57](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/1)
[^c22855031]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "linked assets" substituted (with effect in accordance with [Sch. 8 para. 57](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 11(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/11/1)
[^c22855091]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "offshore income gain" repealed (with effect in accordance with Sch. 8 para. 55 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 1
[^c22855101]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "overseas life asurance business" repealed (with effect in accordance with Sch. 8 para. 55 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 1
[^c22855001]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "overseas life assurance business" inserted (with effect in accordance with [Sch. 8 para. 55](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/1)
[^c22855111]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): word following the definition of "overseas life assurance company" repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22854981]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "pension business" inserted (with effect in accordance with [Sch. 8 para. 57](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/1)
[^c22855131]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "policy holders' fraction" and "shareholders' fraction" inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch.8 para.1](https://www.legislation.gov.uk/ukpga/1989/26/schedule/8/paragraph/1) and repealed (retrospectively) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch.19 Part IV](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19), Note 6
[^c22855021]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "reinsurance business" inserted (with effect in accordance with [Sch. 8 para. 57](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/1)
[^c22855121]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "UK distribution income" repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22855141]: [S. 431(2A)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2A) repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22855431]: [S. 431](https://www.legislation.gov.uk/ukpga/1988/1/section/431) modified (20.3.1997 with effect as mentioned in reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [6](https://www.legislation.gov.uk/uksi/1997/473/regulation/6) (as amended by: [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [regs. 1](https://www.legislation.gov.uk/uksi/2001/3629/regulation/1), [156](https://www.legislation.gov.uk/uksi/2001/3629/regulation/156), [165(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/regulation/165/2/b); [S.I. 2003/23](https://www.legislation.gov.uk/uksi/2003/23), [regs. 1](https://www.legislation.gov.uk/uksi/2003/23/regulation/1), [4](https://www.legislation.gov.uk/uksi/2003/23/regulation/4); [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [6](https://www.legislation.gov.uk/uksi/2004/822/regulation/6); [S.I. 2005/2005](https://www.legislation.gov.uk/uksi/2005/2005), [regs. 1](https://www.legislation.gov.uk/uksi/2005/2005/regulation/1), [5](https://www.legislation.gov.uk/uksi/2005/2005/regulation/5))
[^c22855441]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2) modified (20.3.1997 with effect as mentioned in reg. 7(1) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [7](https://www.legislation.gov.uk/uksi/1997/473/regulation/7)
[^c22855401]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "industrial assurance business" repealed (with effect in accordance with Sch. 41 Pt. 5(26) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(26)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/26)
[^c22855421]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in definition of "long term business fund" repealed (with effect in accordance with Sch. 41 Pt. 5(26) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(26)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/26)
[^c22855411]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "ordinary long term business" and "ordinary life assurance business" repealed (with effect in accordance with Sch. 41 Pt. 5(26) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(26)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/26)
[^c22855451]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "foreign income dividends" repealed (with effect in accordance with Sch. 6 para. 5(2) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 5(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/5/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22855471]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [7](https://www.legislation.gov.uk/uksi/1998/1871/regulation/7)
[^c22855481]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2) modified (23.3.1999 with effect in accordance with reg. 1 of the modifying S.I.) by [The Insurance Companies (Capital Redemption Business) (Modification of the Corporation Tax Acts) Regulations 1999 (S.I. 1999/498)](https://www.legislation.gov.uk/uksi/1999/498), [regs. 3](https://www.legislation.gov.uk/uksi/1999/498/regulation/3), [5](https://www.legislation.gov.uk/uksi/1999/498/regulation/5)
[^c22855491]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "investment reserve" repealed (with effect in accordance with s. 109(10) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(9)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/9/a), [Sch. 40 Pt. 2(16)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/16), Note 1
[^c22855501]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "contract of insurance" inserted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 26(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/26/2)
[^c22855521]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions of "insurance business transfer scheme" and "insurance company" substituted for definition of "insurance company" (1.12.2001 in accordance with arts. 1(2)(a), 26(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 26(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/26/3)
[^c22855541]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "long-term business" substituted for definition of "long term business" (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 26(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/26/5)
[^c22855581]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in definition of "long term business fund" substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/b)
[^c22855591]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): word in definition of "long term business fund" substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/a)
[^c22855551]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "long-term liabilities" inserted (1.12.2001 in accordance with arts. 1(2)(a), 26(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 26(6)](https://www.legislation.gov.uk/uksi/2001/3629/article/26/6)
[^c22855561]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in definition of "periodical return" substituted (1.12.2001 in accordance with arts. 1(2)(a), 26(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 26(7)](https://www.legislation.gov.uk/uksi/2001/3629/article/26/7)
[^c22855571]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "the Prudential Sourcebook (Insurers)" inserted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 26(8)](https://www.legislation.gov.uk/uksi/2001/3629/article/26/8)
[^c23572411]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "brought into account" inserted (with effect in accordance with [Sch. 33 para. 20(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/20/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 20(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/20/2)
[^c23572451]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "investment reserve" inserted (with effect in accordance with [Sch. 33 para. 28](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/28) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 25](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/25)
[^c23572471]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "period of account" inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 29](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/29)
[^c23572431]: [S. 431(2ZA)-(2ZE)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZA) inserted (with effect in accordance with [Sch. 33 para. 22(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/22/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 22(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/22/1)
[^c23572551]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [5](https://www.legislation.gov.uk/uksi/2004/2680/regulation/5); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23573041]: [S. 431](https://www.legislation.gov.uk/ukpga/1988/1/section/431) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [6](https://www.legislation.gov.uk/uksi/2005/2014/regulation/6) (as amended by: [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [6](https://www.legislation.gov.uk/uksi/2007/2134/regulation/6); [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(2)(3)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/2/3), [4](https://www.legislation.gov.uk/uksi/2008/1937/regulation/4))
[^c23572961]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "the Integrated Prudential Sourcebook" inserted (with effect in accordance with [Sch. 9 para. 2(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 2(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/2)
[^c23572981]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "liabilities" substituted (with effect in accordance with [Sch. 9 para. 2(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/3)
[^c23573021]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "long-term liabilities" repealed (with effect in accordance with Sch. 9 para. 2(6) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 2(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/4), [Sch. 11 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/10), Note 1
[^c23573001]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "value" substituted (with effect in accordance with [Sch. 9 para. 2(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 2(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/5)
[^c23573061]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "free assets amount" inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(2)(a)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/2/a)
[^c23573101]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "investment reserve" omitted (6.1.2006 with effect in accordance with art. 1 of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(2)(b)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/2/b)
[^c23573081]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "shareholders' excess assets" inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(2)(c)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/2/c)
[^c23573121]: Word at the end of s. 431(2ZB)(b) omitted (6.1.2006 with effect in accordance with art. 1 of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(3)(a)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/3/a)
[^c23573201]: Words in [s. 431(2ZB)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZB/c) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(3)(b)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/3/b)
[^c23573161]: [S. 431(2ZB)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZB/d) and preceding word inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(3)(c)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/3/c)
[^c23573221]: Words in [s. 431(2ZB)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZB) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(3)(d)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/3/d)
[^c23573141]: Word at the end of s. 431(2ZC)(b) omitted (6.1.2006 with effect in accordance with art. 1 of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(4)(a)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/4/a)
[^c23573241]: Words in [s. 431(2ZC)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZC/c) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(4)(b)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/4/b)
[^c23573181]: [S. 431(2ZC)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZC/d) and preceding word inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(4)(c)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/4/c)
[^c23573261]: Words in [s. 431(2ZC)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZC) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(4)(d)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/4/d)
[^c23573281]: Word in [s. 431(ZB)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/ZB/d) substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [art. 2](https://www.legislation.gov.uk/uksi/2006/1358/article/2)
[^c23573311]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "General Prudential Sourcebook" inserted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(2)(a)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/2/a)
[^c23573351]: [2000 c. 8](https://www.legislation.gov.uk/ukpga/2000/8)
[^c23573361]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in definition of "insurance company" inserted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(2)(b)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/2/b)
[^c23573331]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions of "the Insurance Prudential Sourcebook" and "insurance special purpose vehicle" inserted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(2)(c)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/2/c)
[^c23573381]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "the Integrated Prudential Sourcebook" omitted (31.12.2006 with effect in accordance with art. 1(2) of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(2)(d)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/2/d)
[^c23573401]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in para. (a) of definition of "liabilities" substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(2)(e)(i)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/2/e/i)
[^c23573421]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in para. (b) of definition of "liabilities" substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(2)(e)(ii)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/2/e/ii)
[^c23573441]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in definition of "value" substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(2)(f)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/2/f)
[^c23582841]: Word in [s. 431(2ZC)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZC/d) substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(3)(a)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/3/a)
[^c23582861]: Word in [s. 431(2ZC)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZC/d) substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(3)(b)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/3/b)
[^c23593801]: [S. 431(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/1) substituted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 11(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/11/2)
[^c23573581]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "annuity business" repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 6(3)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/6/3/a), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23573461]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "child trust fund business" inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 6(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/6/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23593781]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "fair value" inserted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 10(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/10/1)
[^c23573481]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "foreign currency assets" inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 6(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/6/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23573501]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "gross roll-up business" inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 6(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/6/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23593621]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "the I minus E basis" inserted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 3](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/3) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23573521]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "immediate needs annuities business" inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 6(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/6/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23573541]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "individual savings account business" inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 6(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/6/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23593641]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "insurance business transfer scheme" substituted (with effect in accordance with [Sch. 9 para. 17(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 1(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/1/1)
[^c23593741]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "internal linked fund" inserted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 9(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/9/1)
[^c23573621]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "life assurance business" substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 6(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/6/4) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23593821]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "the life assurance provisions of the Corporation Tax Acts" inserted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 11(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/11/3)
[^c23593761]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "net value" inserted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 9(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/9/1)
[^c23593681]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "non-profit company" inserted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 8(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/8/1)
[^c23593701]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "non-profit fund" inserted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 8(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/8/1)
[^c23573601]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "overseas life assurance fund" repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 6(3)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/6/3/b), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23573561]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "PHI business" inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 6(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/6/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23573641]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "reinsurance" substituted for definition of "reinsurance business" (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 6(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/6/5) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23593721]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "with-profits fund" inserted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 8(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/8/1)
[^c23574401]: [S. 431(2ZF)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZF) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 6(6)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/6/6) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23593661]: [S. 431(2ZG)(2ZH)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZG/2ZH) inserted (with effect in accordance with [Sch. 9 para. 17(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 1(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/1/3)
[^c23593841]: [S. 431(2YA)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2YA) inserted (27.12.2007 with effect in accordance with art. 1(3) of the amending S.I.) by [The Insurance Companies (Taxation of Reinsurance Business) (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/3430)](https://www.legislation.gov.uk/uksi/2007/3430), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/3430/article/1/1), [2(1)](https://www.legislation.gov.uk/uksi/2007/3430/article/2/1)
[^c23594271]: [S. 431A](https://www.legislation.gov.uk/ukpga/1988/1/section/431A) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 3](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/3)
[^c23595711]: [S. 431A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/431A/5) repealed (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 1(2)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/1/2/a), [Sch. 26 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/14)
[^c23595731]: Words in [s. 431A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/431A/1) substituted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 12(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/12/2)
[^c23595771]: Words in [s. 431A(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/431A/3/a) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 7](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/7), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23595751]: [S. 431A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/431A/7) repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 12(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/12/3), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c21600341]: See 1989 ss.82-92 for changes made by Finance Act 1989 and 1990 ss.41-48 for changes made by Finance Act 1990.
[^c23596011]: [S. 431B](https://www.legislation.gov.uk/ukpga/1988/1/section/431B) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 20](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/20) (as amended by [Finance Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 9 para. 18(2)-(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/9/paragraph/18/2)(7)) ( with Sch. 36)
[^c22783381]: [S. 431C](https://www.legislation.gov.uk/ukpga/1988/1/section/431C) modified (with effect in accordance with reg. 1 of the affecting S.I.) by [The Insurance Companies (Taxation of Reinsurance Business) Regulations 1995 (S.I. 1995/1730)](https://www.legislation.gov.uk/uksi/1995/1730), [reg. 11](https://www.legislation.gov.uk/uksi/1995/1730/regulation/11) (as amended by: [S.I. 1996/1621](https://www.legislation.gov.uk/uksi/1996/1621), [regs. 1](https://www.legislation.gov.uk/uksi/1996/1621/regulation/1), [5](https://www.legislation.gov.uk/uksi/1996/1621/regulation/5); [S.I. 2003/2573](https://www.legislation.gov.uk/uksi/2003/2573), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2003/2573/regulation/1/1/2), [10](https://www.legislation.gov.uk/uksi/2003/2573/regulation/10); [S.I. 2007/2087](https://www.legislation.gov.uk/uksi/2007/2087), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2087/regulation/1/1/2), [6](https://www.legislation.gov.uk/uksi/2007/2087/regulation/6))
[^c22804931]: [S. 431C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/431C/1) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [8](https://www.legislation.gov.uk/uksi/1998/1871/regulation/8)
[^c23596121]: [S. 431C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/431C/1) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [6](https://www.legislation.gov.uk/uksi/2004/2680/regulation/6); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c22806141]: [S. 431D(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/431D/2) substituted for s. 431D(2)-(8) (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 108(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/108/2) (with [s. 108(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/108/3))
[^c23596131]: Words in [s. 431D(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/431D/3/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 176](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/176) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23596191]: [S. 431D(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/431D/1/1A) substituted for s. 431D(1) (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 9(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/9/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23596211]: Words in [s. 431D(2)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/431D/2/4) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 9(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/9/3) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23596241]: Words in [s. 431D(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/431D/4) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 9(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/9/4) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c22804971]: [S. 431F](https://www.legislation.gov.uk/ukpga/1988/1/section/431F) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [9](https://www.legislation.gov.uk/uksi/1998/1871/regulation/9)
[^c23599481]: [S. 431F](https://www.legislation.gov.uk/ukpga/1988/1/section/431F) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [7](https://www.legislation.gov.uk/uksi/2004/2680/regulation/7); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23599491]: Words in [s. 431F](https://www.legislation.gov.uk/ukpga/1988/1/section/431F) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 11](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/11) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c22786001]: [S. 432](https://www.legislation.gov.uk/ukpga/1988/1/section/432): word in sidenote substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 51(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/51/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22771521]: Source—1970 s.307
[^c22857411]: Words in [s. 432](https://www.legislation.gov.uk/ukpga/1988/1/section/432) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 12(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/12/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22794391]: [S. 432](https://www.legislation.gov.uk/ukpga/1988/1/section/432) modified (20.3.1997 with effect in accordance with reg. 8(1) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [8(2)](https://www.legislation.gov.uk/uksi/1997/473/regulation/8/2)
[^c23602111]: [S. 432](https://www.legislation.gov.uk/ukpga/1988/1/section/432) modified (12.8.2005 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [8](https://www.legislation.gov.uk/uksi/2005/2014/regulation/8) (and that modifying reg. 8 is omitted by virtue of [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [8](https://www.legislation.gov.uk/uksi/2007/2134/regulation/8))
[^c22789521]: [S. 432(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432/2) repealed (with effect in accordance with s. 167(10), Sch. 41 Pt. 5(26) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/1), [Sch. 41 Pt. 5(26)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/26)
[^c22807851]: Words in [s. 432ZA(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432ZA/4/b) substituted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/1)
[^c22807871]: [S. 432ZA(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/432ZA/6) substituted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/2)
[^c22811311]: Words in [s. 432ZA(2)(a)(b)(3)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/432ZA/2/a/b/3/7) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/b)
[^c23607281]: Words in [s. 432ZA(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432ZA/1) inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 4(2)](https://www.legislation.gov.uk/uksi/2005/3465/article/4/2)
[^c23611131]: Words in [s. 432ZA(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/432ZA/5) substituted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 15(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/15/1)
[^c23611111]: [S. 432ZA(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/432ZA/6): definition of "internal linked fund" repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 9(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/9/2/a), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23611081]: Words in [s. 432ZA(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/432ZA/7) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 12](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/12) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c22771551]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) modified (3.5.1994) by Finance Act 1994, (c. 9), s. 169, Sch. 18 para 1(4)
[^c22771561]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) modified by [S.I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 6-8](https://www.legislation.gov.uk/uksi/1992/1655/regulation/6) (as amended (31.12.1993) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1993 (S.I. 1993/3111)](https://www.legislation.gov.uk/uksi/1993/3111), [regs. 1](https://www.legislation.gov.uk/uksi/1993/3111/regulation/1), [5](https://www.legislation.gov.uk/uksi/1993/3111/regulation/5), [7](https://www.legislation.gov.uk/uksi/1993/3111/regulation/7); and as further amended (10.8.1995) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1995 (S.I. 1995/1916)](https://www.legislation.gov.uk/uksi/1995/1916), [regs. 1](https://www.legislation.gov.uk/uksi/1995/1916/regulation/1), [5](https://www.legislation.gov.uk/uksi/1995/1916/regulation/5))
[^c22857421]: [S. 432A(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 13(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/13/2)
[^c22857431]: Words in [s. 432A(5)(6)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/5/6/b/i) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 13(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/13/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22857451]: [S. 432A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/7) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 13(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/13/4) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22771691]: [S. 432A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/10) repealed (27.7.1993 with effect in relation to accounting periods beginning on or after 1.1.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 91(2)(a)](https://www.legislation.gov.uk/ukpga/1993/34/section/91/2/a), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (8), Note
[^c22789591]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) applied (with effect in accordance with s. 105(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 11 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11/paragraph/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22793961]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) applied (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 12 para 19](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/19)
[^c22794411]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [9](https://www.legislation.gov.uk/uksi/1997/473/regulation/9), [13](https://www.legislation.gov.uk/uksi/1997/473/regulation/13) (as amended by: [S.I. 2000/2710](https://www.legislation.gov.uk/uksi/2000/2710), [regs. 1](https://www.legislation.gov.uk/uksi/2000/2710/regulation/1), [4](https://www.legislation.gov.uk/uksi/2000/2710/regulation/4); [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1](https://www.legislation.gov.uk/uksi/2001/3629/article/1), [157](https://www.legislation.gov.uk/uksi/2001/3629/article/157), [165](https://www.legislation.gov.uk/uksi/2001/3629/article/165); [S.I. 2001/3975](https://www.legislation.gov.uk/uksi/2001/3975), [regs. 1](https://www.legislation.gov.uk/uksi/2001/3975/regulation/1), [4](https://www.legislation.gov.uk/uksi/2001/3975/regulation/4); [S.I. 2003/23](https://www.legislation.gov.uk/uksi/2003/23), [regs. 1](https://www.legislation.gov.uk/uksi/2003/23/regulation/1), [5](https://www.legislation.gov.uk/uksi/2003/23/regulation/5), [6](https://www.legislation.gov.uk/uksi/2003/23/regulation/6); [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [8](https://www.legislation.gov.uk/uksi/2004/822/regulation/8), [9](https://www.legislation.gov.uk/uksi/2004/822/regulation/9); [S.I. 2005/2005](https://www.legislation.gov.uk/uksi/2005/2005), [regs. 1](https://www.legislation.gov.uk/uksi/2005/2005/regulation/1), [6](https://www.legislation.gov.uk/uksi/2005/2005/regulation/6))
[^c22794451]: [S. 432A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/2) modified (with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [10-12](https://www.legislation.gov.uk/uksi/1997/473/regulation/10)
[^c22804991]: [S. 432A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/2) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [10](https://www.legislation.gov.uk/uksi/1998/1871/regulation/10)
[^c22806261]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 11 para. 3A(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11/paragraph/3A/5) (as inserted (with effect in accordance with s. 109(10) of the 2000 amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(8)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/8))
[^c22811141]: Words in [s. 432A(1)(a)(9B)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/1/a/9B) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(c)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/c)
[^c22806231]: [S. 432A(9A)(9B)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/9A/9B) inserted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(6)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/6)
[^c22813061]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) applied (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 138(2)(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/138/2/3)
[^c23603821]: [S. 432A(9B)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/9B) repealed (with effect in accordance with Sch. 43 Pt. 3(12), Note 1 of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12)
[^c23603841]: Words in [s. 432A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/1) substituted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 8(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/8/2)
[^c23603861]: [S. 432A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/1A) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 8(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/8/3)
[^c23603901]: [S. 432A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/2) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [8](https://www.legislation.gov.uk/uksi/2004/2680/regulation/8); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23603881]: Words in [s. 432A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/2) substituted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 8(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/8/4)
[^c23603931]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) modified (12.8.2005 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [9](https://www.legislation.gov.uk/uksi/2005/2014/regulation/9) (as amended by: [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [9](https://www.legislation.gov.uk/uksi/2007/2134/regulation/9); [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/1/2), [6](https://www.legislation.gov.uk/uksi/2008/1937/regulation/6))
[^c23605881]: Words in [s. 432A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/7) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(4)(a)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/4/a)
[^c23605901]: Word at the end of s. 432A(7)(a) omitted (6.1.2006 with effect in accordance with art. 1 of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(4)(b)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/4/b)
[^c23605921]: [S. 432A(7)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/7/c) and preceding word inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(4)(c)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/4/c)
[^c23605951]: [S. 432A(8)-(8B)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/8) substituted for s. 432A(8) (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(5)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/5)
[^c23606011]: Words in [s. 432A(8B)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/8B) substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [5](https://www.legislation.gov.uk/uksi/2006/3270/article/5)
[^c23606131]: Words in [s. 432A(8)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/8/a/i) inserted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [4(5)(a)](https://www.legislation.gov.uk/uksi/2007/1031/article/4/5/a)
[^c23606151]: Words in [s. 432A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/8) inserted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [4(5)(b)](https://www.legislation.gov.uk/uksi/2007/1031/article/4/5/b)
[^c23606171]: [S. 432A(8ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/8ZA) inserted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [4(6)](https://www.legislation.gov.uk/uksi/2007/1031/article/4/6)
[^c23606531]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) excluded by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 83XA(14)](https://www.legislation.gov.uk/ukpga/1989/26/section/83XA/14) (as inserted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 2(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/2/1))
[^c23606191]: Word in [s. 432A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/1A) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23606211]: [S. 432A(2)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/2/a) substituted for s. 432A(2)(a)-(f) (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/3) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23606231]: Word in [s. 432A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/3) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/4) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23606431]: [S. 432A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/4) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/5), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23606251]: [S. 432A(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/4A) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(6)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/6) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23606271]: Word in [s. 432A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/5) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(7)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/7/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23606451]: Words in [s. 432A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/5) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(7)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/7/b), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23606291]: [S. 432A(6)-(6C)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/6) substituted for s. 432A(6)-(6AA) (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(8)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/8) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23606311]: Words in [s. 432A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/7) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(9)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/9/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23606331]: Words in [s. 432A(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/7/a) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(9)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/9/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23606351]: Words in [s. 432A(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/7/b) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(9)(c)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/9/c) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23606471]: Words in [s. 432A(7)(c)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/7/c/i) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(9)(d)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/9/d), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23606411]: Words in [s. 432A(7)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/7/c/ii) substituted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 5](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/5) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23606371]: Words in [s. 432A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/8) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/10) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23606391]: Words in [s. 432A(8ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/8ZA) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(11)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/11) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23606491]: [S. 432A(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/9) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(12)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/12), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23606511]: [S. 432A(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/9A) repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 9(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/9/2/b), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23606561]: Words in [s. 432A(7)(c)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/7/c/i) omitted (13.8.2007 with effect in accordance with reg. 1(2) of the repealing S.I.) by virtue of [The Insurance Companies (Overseas Life Assurance Business) (Excluded Business) (Amendment) Regulations 2007 (S.I. 2007/2086)](https://www.legislation.gov.uk/uksi/2007/2086), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2086/regulation/1/1), [6(1)](https://www.legislation.gov.uk/uksi/2007/2086/regulation/6/1)
[^c22771711]: [S. 432B](https://www.legislation.gov.uk/ukpga/1988/1/section/432B) modified by [S.I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [reg. 9](https://www.legislation.gov.uk/uksi/1992/1655/regulation/9) (as amended (31.12.1993) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1993 (S.I. 1993/3111)](https://www.legislation.gov.uk/uksi/1993/3111), [regs. 1](https://www.legislation.gov.uk/uksi/1993/3111/regulation/1), [8](https://www.legislation.gov.uk/uksi/1993/3111/regulation/8))
[^c22771721]: [Ss. 432B-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432B) excluded (31.7.1992 with effect as mentioned in reg. 1 of the amending S.I.) by [S. I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 1](https://www.legislation.gov.uk/uksi/1992/1655/regulation/1), [10](https://www.legislation.gov.uk/uksi/1992/1655/regulation/10)
[^c22771731]: [S. 432B](https://www.legislation.gov.uk/ukpga/1988/1/section/432B) modified (31.7.1992 with effect as mentioned in reg. 1 of the amending S.I.) by [S.I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 1](https://www.legislation.gov.uk/uksi/1992/1655/regulation/1), [9(1)](https://www.legislation.gov.uk/uksi/1992/1655/regulation/9/1)
[^c22786291]: Words in [s. 432B(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/1/2) substituted (with effect in accordance with [Sch. 8 para. 53(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/53/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 17(1)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/17/1/a) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22786071]: Words in [s. 432B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 16(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/16/2/a) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22786091]: [S. 432B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/2) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 16(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/16/2/b) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22786361]: Words in [s. 432B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/3) substituted (with effect in accordance with [Sch. 8 para. 53(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/53/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 17(1)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/17/1/b) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23613921]: [S. 432B(4)-(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/4) inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 6(2)](https://www.legislation.gov.uk/uksi/2005/3465/article/6/2)
[^c23613941]: [S. 432B(8)-(8G)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/8) substituted for s. 432B(8) (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(2)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/2)
[^c23614001]: [S. 432B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/9): para. (a) of definition of "shareholders' excess gains" substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(3)(c)(i)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/3/c/i)
[^c23614021]: [S. 432B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/9): words in para. (b) of definition of "shareholders' excess gains" substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(3)(c)(ii)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/3/c/ii)
[^c23614041]: [S. 432B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/9): words in para. (a) of definition of "shareholders' excess income" inserted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(3)(d)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/3/d)
[^c23614061]: [S. 432B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/9): para. (a) of definition of "shareholders' excess losses" substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(3)(e)(i)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/3/e/i)
[^c23614081]: [S. 432B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/9): words in para. (b) of definition of "shareholders' excess losses" substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(3)(e)(ii)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/3/e/ii)
[^c23614101]: Words in [s. 432B(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/a) inserted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(a)(i)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/a/i)
[^c23614121]: [S. 432B(11)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/a/i) substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(a)(ii)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/a/ii)
[^c23614141]: [S. 432B(11)(a)(ia)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/a/ia) inserted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(a)(iii)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/a/iii)
[^c23614161]: Words in [s. 432B(11)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/a/ii) substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(a)(iv)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/a/iv)
[^c23614181]: Words in [s. 432B(11)(a)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/a/iii) substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(a)(v)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/a/v)
[^c23614201]: Words in [s. 432B(11)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/b/i) substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(b)(i)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/b/i)
[^c23614221]: [S. 432B(11)(b)(ia)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/b/ia) inserted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(b)(ii)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/b/ii)
[^c23614241]: Words in [s. 432B(11)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/b/ii) inserted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(b)(iii)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/b/iii)
[^c23614261]: Words in [s. 432B(11)(b)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/b/iii) inserted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(b)(iv)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/b/iv)
[^c23614281]: Words in [s. 432B(11)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/c) substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(c)(i)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/c/i)
[^c23614301]: [S. 432B(11)(c)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/c/i) substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(c)(ii)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/c/ii)
[^c23614321]: Words in [s. 432B(11)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/c/ii) inserted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(c)(iii)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/c/iii)
[^c23614341]: [S. 432B(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/12) inserted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(5)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/5)
[^c23614821]: [S. 432B](https://www.legislation.gov.uk/ukpga/1988/1/section/432B) modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [reg. 9A](https://www.legislation.gov.uk/uksi/2005/2014/regulation/9A) (as inserted (14.8.2007 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2007 (S.I. 2007/2134)](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [10](https://www.legislation.gov.uk/uksi/2007/2134/regulation/10) (and that modifying reg. 10 is omitted (12.8.2008 with effect in accordance with reg. 1(2) of the revoking S.I.) by virtue of [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/1), [7](https://www.legislation.gov.uk/uksi/2008/1937/regulation/7)))
[^c23614421]: Words in [s. 432B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/1) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/2/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23614441]: Words in [s. 432B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/1) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/2/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23614461]: Words in [s. 432B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/2) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/3) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23614481]: Words in [s. 432B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/3) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(4)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/4/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23614501]: Words in [s. 432B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/3) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(4)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/4/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23614521]: Words in [s. 432B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/4) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(5)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/5/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23614541]: Word in [s. 432B(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/4/a) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(5)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/5/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23614651]: [S. 432B(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/4/b) and preceding word repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(5)(c)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/5/c), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23614561]: Words in [s. 432B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/5) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(6)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/6/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23614671]: Words in [s. 432B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/5) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(6)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/6/b), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23614581]: Words in [s. 432B(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/6) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/7) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23614691]: Words in [s. 432B(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/7) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(8)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/8), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23614721]: Words in [s. 432B(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/8A) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(9)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/9), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23614761]: Words in [s. 432B(8C)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/8C) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/10), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23614781]: [S. 432B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/9): definition of "the relevant fraction" repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(11)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/11/a), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23614801]: [S. 432B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/9): definition of "the section 83 net amount" repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(11)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/11/b), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23614601]: Words in [s. 432B(10)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/10/a/b) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(12)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/12/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23614631]: [S. 432B(10)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/10/c) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(12)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/12/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23615141]: [S. 432C](https://www.legislation.gov.uk/ukpga/1988/1/section/432C) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 17](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/17) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c22771841]: [Ss. 432B-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432B) excluded (31.7.1992 with effect as mentioned in reg. 1 of the amending S.I.) by [S.I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 1](https://www.legislation.gov.uk/uksi/1992/1655/regulation/1),10
[^c22786701]: Words in [s. 432E(3)(a)(b)(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/3/a/b/6/a) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 12(1)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/12/1/a) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22771851]: *For orders see* Part III Vol.5 (*under* “*Life assurance apportionment of participating funds: applicable percentage*”).
[^c22866001]: [S. 432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432E) modified (20.3.1997 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [14](https://www.legislation.gov.uk/uksi/1997/473/regulation/14) (as amended by [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [10](https://www.legislation.gov.uk/uksi/2004/822/regulation/10))
[^c23615431]: [S. 432E(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2/a) repealed (with effect in accordance with Sch. 33 para. 10(5) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 10(3)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/10/3/a), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12), Note 2
[^c23615451]: Words in [s. 432E(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2/b) repealed (with effect in accordance with Sch. 33 para. 10(5) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 10(3)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/10/3/b), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12), Note 2
[^c23615551]: [S. 432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432E) modified (12.8.2005 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [12](https://www.legislation.gov.uk/uksi/2005/2014/regulation/12) (as amended by [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [12](https://www.legislation.gov.uk/uksi/2007/2134/regulation/12))
[^c23615491]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) substituted (with effect in accordance with [Sch. 9 para. 5(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/5/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/5/2/a)
[^c23615511]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) inerted (with effect in accordance with [Sch. 9 para. 5(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/5/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 5(2)(b)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/5/2/b)
[^c23615531]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) substituted (with effect in accordance with [Sch. 9 para. 5(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/5/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 5(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/5/3)
[^c23615561]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) inserted (with effect in accordance with [Sch. 11 para. 2(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/2/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 2(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/2/2)
[^c23615581]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) inserted (with effect in accordance with [Sch. 11 para. 2(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/2/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 2(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/2/3)
[^c23615601]: Words in [s. 432E(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/3/a) inserted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [7(2)](https://www.legislation.gov.uk/uksi/2007/1031/article/7/2)
[^c23615621]: Words in [s. 432E(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/4) substituted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [7(3)](https://www.legislation.gov.uk/uksi/2007/1031/article/7/3)
[^c23615641]: [S. 432E(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/4A) inserted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [7(4)](https://www.legislation.gov.uk/uksi/2007/1031/article/7/4)
[^c23615661]: [S. 432E(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/1/1A) substituted for s. 432E(1) (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 19(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/19/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23615701]: Words in [s. 432E(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 19(3)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/19/3/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23615881]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 2(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/2/3), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23615791]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) inserted (with effect in accordance with [Sch. 9 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 4(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/4/2/a); [S.I. 2008/379](https://www.legislation.gov.uk/uksi/2008/379), [art. 2](https://www.legislation.gov.uk/uksi/2008/379/article/2)
[^c23615911]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) inserted (with effect in accordance with [Sch. 9 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 8(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/8/2); [S.I. 2008/379](https://www.legislation.gov.uk/uksi/2008/379), [art. 2](https://www.legislation.gov.uk/uksi/2008/379/article/2)
[^c23615811]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) inserted (with effect in accordance with [Sch. 9 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/4/2/b); [S.I. 2008/379](https://www.legislation.gov.uk/uksi/2008/379), [art. 2](https://www.legislation.gov.uk/uksi/2008/379/article/2)
[^c23615931]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) inserted (with effect in accordance with [Sch. 9 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 8(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/8/2); [S.I. 2008/379](https://www.legislation.gov.uk/uksi/2008/379), [art. 2](https://www.legislation.gov.uk/uksi/2008/379/article/2)
[^c23615711]: Words in [s. 432E(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/3/a) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 19(4)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/19/4/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23615831]: Words in [s. 432E(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/3/b) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 19(4)(b)(i)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/19/4/b/i), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23615731]: Words in [s. 432E(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/3/b) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 19(4)(b)(ii)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/19/4/b/ii) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23615751]: Words in [s. 432E(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/4) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 19(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/19/5) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23615771]: Words in [s. 432E(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/4A) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 19(6)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/19/6) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23615851]: [S. 432E(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/5/6) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 19(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/19/7), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c22794531]: [S. 432F(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432F/1) modified (20.3.1997 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [15](https://www.legislation.gov.uk/uksi/1997/473/regulation/15); and that modifying reg. 15 is omitted (8.4.2004 with effect in accordance with reg. 1 of the revoking S.I.) by virtue of [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 11](https://www.legislation.gov.uk/uksi/2004/822/regulation/11)
[^c23633031]: [Ss. 432B-432G](https://www.legislation.gov.uk/ukpga/1988/1/section/432B) applied (1.4.2010 with effect in accordance with s. 381(1) of the affecting Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 102(3)](https://www.legislation.gov.uk/ukpga/2010/8/section/102/3) (with [Sch. 9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9))
[^c23631891]: Words in [s. 432F(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432F/2) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 20(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/20/a), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23631911]: Words in [s. 432F(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432F/2) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 20(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/20/b), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c22805921]: [S. 432AA](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA) modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 13A](https://www.legislation.gov.uk/uksi/1997/473/regulation/13A) (as inserted (13.10.1999) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1999 (S.I. 1999/2636)](https://www.legislation.gov.uk/uksi/1999/2636), [regs. 1](https://www.legislation.gov.uk/uksi/1999/2636/regulation/1), [3](https://www.legislation.gov.uk/uksi/1999/2636/regulation/3))
[^c22805011]: [S. 432AA(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA/4) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [11](https://www.legislation.gov.uk/uksi/1998/1871/regulation/11)
[^c23613561]: [S. 432AA](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA) modified (12.8.2005 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [10](https://www.legislation.gov.uk/uksi/2005/2014/regulation/10) (as amended by: [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [11](https://www.legislation.gov.uk/uksi/2007/2134/regulation/11); [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/1/2), [8](https://www.legislation.gov.uk/uksi/2008/1937/regulation/8))
[^c22811251]: Words in [s. 432AA(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA/2/3/5) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(d)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/d)
[^c23613551]: [S. 432AA(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA/4) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [9](https://www.legislation.gov.uk/uksi/2004/2680/regulation/9); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23613591]: [S. 432AA(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA/3) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 14(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/14/2), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23613571]: [S. 432AA(4)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA/4/a) substituted for s. 432AA(4)(a)-(d) (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 14(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/14/3) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23613631]: Words in [s. 432AA(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA/5) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 14(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/14/4), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c22805941]: [S. 432AB](https://www.legislation.gov.uk/ukpga/1988/1/section/432AB) modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 13B](https://www.legislation.gov.uk/uksi/1997/473/regulation/13B) (as inserted (13.10.1999) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1999 (S.I. 1999/2636)](https://www.legislation.gov.uk/uksi/1999/2636), [regs. 1](https://www.legislation.gov.uk/uksi/1999/2636/regulation/1), [3](https://www.legislation.gov.uk/uksi/1999/2636/regulation/3))
[^c23613711]: [S. 432AB](https://www.legislation.gov.uk/ukpga/1988/1/section/432AB) modified (12.8.2005 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [11](https://www.legislation.gov.uk/uksi/2005/2014/regulation/11)
[^c23613691]: [S. 432AB(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/432AB/3) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 17(2)
[^c23613721]: [S. 432AB(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/432AB/6) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 15](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/15), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23631991]: [S. 432G](https://www.legislation.gov.uk/ukpga/1988/1/section/432G) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 21](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/21) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23633041]: [Ss. 432B-432G](https://www.legislation.gov.uk/ukpga/1988/1/section/432B) applied (1.4.2010 with effect in accordance with s. 381(1) of the affecting Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 102(3)](https://www.legislation.gov.uk/ukpga/2010/8/section/102/3) (with [Sch. 9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9))
[^c23611171]: Words in [s. 432YA(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432YA/1) substituted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [3(2)(a)](https://www.legislation.gov.uk/uksi/2007/1031/article/3/2/a)
[^c23611191]: Word in [s. 432YA(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432YA/1) substituted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [3(2)(b)](https://www.legislation.gov.uk/uksi/2007/1031/article/3/2/b)
[^c23611211]: Words in [s. 432YA(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432YA/1) inserted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [3(2)(c)](https://www.legislation.gov.uk/uksi/2007/1031/article/3/2/c)
[^c23611231]: [S. 432YA(2)-(2C)](https://www.legislation.gov.uk/ukpga/1988/1/section/432YA/2) substituted for s. 432YA(2) (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [3(3)](https://www.legislation.gov.uk/uksi/2007/1031/article/3/3)
[^c23611271]: [S. 432YA(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/432YA/3/4) omitted (17.4.2007 with effect in accordance with art. 1(2) of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [3(4)](https://www.legislation.gov.uk/uksi/2007/1031/article/3/4)
[^c23611251]: [S. 432YA(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/432YA/6) added (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [3(5)](https://www.legislation.gov.uk/uksi/2007/1031/article/3/5)
[^c23611311]: Words in [s. 432YA(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432YA/2A) substituted (with effect in accordance with [Sch. 9 para. 17(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 3(3)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/3/3/a)
[^c23611331]: [S. 432YA(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/432YA/5): definitions of "non-profit company" and "non-profit fund" repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 8(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/8/2/a), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23601861]: [S. 431G](https://www.legislation.gov.uk/ukpga/1988/1/section/431G) modified by [The Insurance Companies (Taxation of Reinsurance Business) Regulations 1995 (S.I. 1995/1730)](https://www.legislation.gov.uk/uksi/1995/1730), [reg. 12](https://www.legislation.gov.uk/uksi/1995/1730/regulation/12) (as amended (13.8.2007 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Insurance Companies (Taxation of Reinsurance Business) (Amendment) Regulations 2007 (S.I. 2007/2087)](https://www.legislation.gov.uk/uksi/2007/2087), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2087/regulation/1/1), [8](https://www.legislation.gov.uk/uksi/2007/2087/regulation/8))
[^c23602081]: [S. 431H](https://www.legislation.gov.uk/ukpga/1988/1/section/431H) modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [reg. 7A](https://www.legislation.gov.uk/uksi/2005/2014/regulation/7A) (as inserted (14.8.2007 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2007 (S.I. 2007/2134)](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [7](https://www.legislation.gov.uk/uksi/2007/2134/regulation/7); and as amended by [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/1/2), [5](https://www.legislation.gov.uk/uksi/2008/1937/regulation/5))
[^c22771881]: [S. 434](https://www.legislation.gov.uk/ukpga/1988/1/section/434) amended (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 78(6)(11)](https://www.legislation.gov.uk/ukpga/1993/34/section/78/6/11)
[^c22787961]: [S. 434(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 19(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/19/2) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22788001]: [S. 434(2)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/2/7) repealed (with effect in accordance with Sch. 29 Pt. 8(5) Note 2 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5)
[^c22771941]: [S. 434(3)(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/3/3A) substituted for s. 434(3) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 84(4)-(6)](https://www.legislation.gov.uk/ukpga/1989/26/section/84/4), [Sch. 8 para. 3(1)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/8/paragraph/3/1)
[^c22772001]: [S. 434(3B)-(3D)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/3B) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 5(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/5/4)
[^c22772011]: Source—1970 s.310(6)
[^c22772021]: *Repealed by* 1989 ss.84*and* 187*and* Sch.8 para.3(2)*and* Sch.17 Part IV*with respect to accounting periods beginning on or after* 1*January* 1990.
[^c22772031]: *Repealed by* 1989 ss.84*and* 187*and* Sch.8 para.3(2)*and* Sch.17 Part IV*with respect to accounting periods beginning on or after* 1*January* 1990.
[^c22772061]: 1990 s.45(7).
[^c22772071]: Word at the end of s. 434(6A)(a) repealed (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 5(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/5/5), [Sch. 26 pt. 5(16)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/16)
[^c22772081]: [S. 434(6A)(aa)-(ac)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/6A/aa) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para 5(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/5/5)
[^c22795751]: [S. 434(1)-(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/1) substituted for s. 434(1) (with effect in accordance with [Sch. 3 para. 3(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/3/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 3(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/3/2)
[^c22795841]: [S. 434(3B)-(3D)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/3B) repealed (with effect in accordance with Sch. 6 para. 3(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 6(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/6/2), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22795881]: [S. 434(6A)(aa)-(ac)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/6A/aa) repealed (with effect in accordance with Sch. 6 para. 6(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 6(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/6/3), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22801461]: [S. 434(3)(6)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/3/6/8) repealed (with effect in accordance with Sch. 3 para. 25(5)(6) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 25(2)-(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/25/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23635561]: Words in [s. 434(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/3A) substituted (with effect in accordance with [Sch. 33 para. 12(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/12/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 12(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/12/2)
[^c23635621]: [S. 434(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/1) substituted for s. 434(1)(1B) (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 22(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/22/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23635641]: [S. 434(6A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/6A/b) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 22(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/22/3), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c22788031]: [S. 434A](https://www.legislation.gov.uk/ukpga/1988/1/section/434A) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para 20(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/20/1) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22874051]: [S. 434A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2) substituted (with effect in accordance with Sch. 31 paras. 2(1), 10(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 31 para. 2(1)(a)(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/31/paragraph/2/1/a/2)
[^c22874131]: [S. 434A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 23(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/23/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22874121]: [S. 434A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2) modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 31 para. 2(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/31/paragraph/2/3)
[^c22870371]: [S. 434A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 23(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/23/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22874071]: Words in [s. 434A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2A) substituted (with effect in accordance with Sch. 31 paras. 2(1), 10(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 31 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/31/paragraph/2/1/b)
[^c22871451]: Words in [s. 434A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/3) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 23(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/23/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22796071]: [S. 434A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/1) repealed (with effect in accordance with Sch. 3 para. 4(2) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 4(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/4/1), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22874141]: [S. 434A(2)(a)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2/a/iii) inserted (with effect in accordance with [Sch. 27 para. 12(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/12/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 8(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/8/a)
[^c23635731]: Words in [s. 434A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/3) substituted (with effect in accordance with [Sch. 33 para. 6(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/6/12) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 6(7)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/6/7/b)
[^c23635771]: [S. 434A(2)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2/a/i) repealed (with effect in accordance with s. 38(6) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 38(4)](https://www.legislation.gov.uk/ukpga/2005/22/section/38/4), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23635791]: Words in [s. 434A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2/a) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 23(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/23/2/a), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23635811]: [S. 434A(2)(a)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2/a/iii) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 23(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/23/2/b), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23635831]: Words in [s. 434A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2/b) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 23(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/23/3) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23635851]: Words in [s. 434A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2A) substituted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 15(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/15/2)
[^c22783461]: [S. 437](https://www.legislation.gov.uk/ukpga/1988/1/section/437) modified (10.8.1995) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1992 (S.I. 1992/1655)](https://www.legislation.gov.uk/uksi/1992/1655), [reg. 10A](https://www.legislation.gov.uk/uksi/1992/1655/regulation/10A) (as inserted by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1995 (S.I. 1995/1916)](https://www.legislation.gov.uk/uksi/1995/1916), [regs. 1](https://www.legislation.gov.uk/uksi/1995/1916/regulation/1), [6](https://www.legislation.gov.uk/uksi/1995/1916/regulation/6))
[^c22772351]: [S. 437(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/2) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 paras. 4(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/4/4), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 3
[^c22772361]: [S. 437(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/2) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 paras. 4(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/4/4), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 3
[^c22772371]: [S. 437(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/2) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 paras. 4(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/4/4), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 3
[^c22772381]: [S. 437(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/2) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 paras. 4(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/4/4), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 3
[^c22788141]: [S. 437(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/6) repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22794651]: [S. 437](https://www.legislation.gov.uk/ukpga/1988/1/section/437) modified (with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/1997/473/regulation/21) ( as amended (31.12.1997) with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment No. 2) Regulations 1997 (S.I. 1997/2877)](https://www.legislation.gov.uk/uksi/1997/2877), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/2877/regulation/1/1), [4](https://www.legislation.gov.uk/uksi/1997/2877/regulation/4))
[^c22874681]: [S. 437(1A)-(1F)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1A) substituted for s. 437(1) (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [Sch. 7 paras. 5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/5), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18)
[^c22794021]: [S. 437(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1A) substituted for s. 437(1A)(1B) (with effect in accordance with [s. 67(7)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/7) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 67(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/1)
[^c22794041]: Words in [s. 437(1C)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1C) inserted (with effect in accordance with [s. 67(8)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/8) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 67(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/2)
[^c22794061]: [S. 437(1CA)-(1CD)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1CA) inserted (with effect in accordance with [s. 67(8)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/8) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 67(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/2)
[^c23648521]: Words in [s. 437(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1A) substituted (with effect in accordance with [Sch. 33 para. 6(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/6/12) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 6(9)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/6/9)
[^c23648541]: Words in [s. 437(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1A) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 18
[^c23648621]: [S. 437](https://www.legislation.gov.uk/ukpga/1988/1/section/437) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [14](https://www.legislation.gov.uk/uksi/2005/2014/regulation/14)
[^c23648561]: Words in [s. 437(1C)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1C/b/ii) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 178(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/178/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23648601]: Word at the end of s. 437(1C)(b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 178(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/178/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23648581]: [S. 437(1C)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1C/d) and preceding word inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 178(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/178/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23650411]: Words in [s. 437(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1A) substituted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 6](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/6) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c22772391]: [S. 438](https://www.legislation.gov.uk/ukpga/1988/1/section/438) modified (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 18 para. 1(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/18/paragraph/1/5)
[^c22772401]: [S. 438](https://www.legislation.gov.uk/ukpga/1988/1/section/438) amended (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 78(6)(11)](https://www.legislation.gov.uk/ukpga/1993/34/section/78/6/11)
[^c22772411]: Source—1970 s.314(1); 1970(F) Sch.5 Part III 11(3), (6)(c)
[^c22772441]: [S. 438(3AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/3AA) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 6(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/6/2)
[^c22772501]: 1990 s.45(9).
[^c22772511]: [S. 438(6B)-(6E)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/6B) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 6(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/6/4)
[^c22788391]: [S. 438(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/9) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 28(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/28/2) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22805151]: [S. 438](https://www.legislation.gov.uk/ukpga/1988/1/section/438) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [14](https://www.legislation.gov.uk/uksi/1998/1871/regulation/14) (and as substituted (22.8.2000) by [The Individual Savings Account (Insurance Companies) (Amendment) Regulations 2000 (S.I. 2000/2075)](https://www.legislation.gov.uk/uksi/2000/2075), [regs. 1](https://www.legislation.gov.uk/uksi/2000/2075/regulation/1), [4](https://www.legislation.gov.uk/uksi/2000/2075/regulation/4))
[^c22800601]: [S. 438(3)(3AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/3/3AA) repealed (with effect in accordance with Sch. 3 para. 6(7) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 6(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/6/2), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22800631]: [S. 438(5)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/5) repealed (with effect in accordance with Sch. 3 para. 6(7)-(9) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 6(4)(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/6/4/5), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note (with Sch. 3 para. 13(17))
[^c22800771]: [S. 438(5)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/5) repealed (with effect in accordance with Sch. 3 para. 6(7)(8), Sch. 8 Pt. 2(6) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 6(4)(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/6/4/5), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6)
[^c22800781]: [S. 438(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/9) repealed (with effect in accordance with Sch. 3 para. 6(8) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 6(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/6/6), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c23653041]: [S. 438(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/1) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [12](https://www.legislation.gov.uk/uksi/2004/2680/regulation/12); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23652971]: [S. 438(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/8) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note
[^c23652991]: Words in [s. 438(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/1) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 26(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/26/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23653011]: [S. 438(2)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/2/4) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 26(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/26/3), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c22772631]: [Ss. 440](https://www.legislation.gov.uk/ukpga/1988/1/section/440), [440A](https://www.legislation.gov.uk/ukpga/1988/1/section/440A) substituted for s. 440 (1.1.1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 paras. 8](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/8), [11(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/11/2) (with [Sch. 6 para. 12](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/12))
[^c22789381]: [S. 440](https://www.legislation.gov.uk/ukpga/1988/1/section/440) modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1992 (S.I. 1992/1655)](https://www.legislation.gov.uk/uksi/1992/1655), [reg 10C](https://www.legislation.gov.uk/uksi/1992/1655/regulation/10C) (as inserted (10.8.1995) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1995 (S.I. 1995/1916)](https://www.legislation.gov.uk/uksi/1995/1916), [regs. 1](https://www.legislation.gov.uk/uksi/1995/1916/regulation/1), [6](https://www.legislation.gov.uk/uksi/1995/1916/regulation/6))
[^c22772641]: [S. 440(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/1) excluded (25.7.1991) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [Sch. 7 para. 6(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/6/4)
[^c22772661]: [S. 440(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2) modified (with effect in accordance with reg. 1 of the modifying S.I.) by [The Friendly Societies (Taxation of Transfers of Business) Regulations 1995 (S.I. 1995/171)](https://www.legislation.gov.uk/uksi/1995/171), [regs. 4](https://www.legislation.gov.uk/uksi/1995/171/regulation/4), [5](https://www.legislation.gov.uk/uksi/1995/171/regulation/5) (as amended (19.3.1997) by [The Friendly Societies (Taxation of Transfers of Business) (Amendment) Regulations 1997 (S.I. 1997/472)](https://www.legislation.gov.uk/uksi/1997/472), [regs. 1](https://www.legislation.gov.uk/uksi/1997/472/regulation/1), [3](https://www.legislation.gov.uk/uksi/1997/472/regulation/3))
[^c22772681]: Words in [s. 440(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(22)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/22/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22788831]: Words in [s. 440(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/3) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 5(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/5/2) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22788861]: [S. 440(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/4) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/57/1) of the amending Act) by Finance Act 1995, Sch. 8 para. 5(3), s. 55(2)
[^c22788881]: [S. 440(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/6) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 28(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/28/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22794671]: [S. 440](https://www.legislation.gov.uk/ukpga/1988/1/section/440) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [22](https://www.legislation.gov.uk/uksi/1997/473/regulation/22) (as amended by: [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/b), [158(1)](https://www.legislation.gov.uk/uksi/2001/3629/article/158/1), [165(2)(d)](https://www.legislation.gov.uk/uksi/2001/3629/article/165/2/d); [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [18](https://www.legislation.gov.uk/uksi/2004/822/regulation/18))
[^c22794691]: [S. 440(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [23](https://www.legislation.gov.uk/uksi/1997/473/regulation/23) (as amended by [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/b), [158(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/158/2)); and that modifying reg. 23 is omitted (8.4.2004 with effect in accordance with reg. 1 of the revoking S.I.) by virtue of [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 19](https://www.legislation.gov.uk/uksi/2004/822/regulation/19)
[^c22794871]: [S. 440(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2) modified (with effect in accordance with reg. 4A(3) of the modifying S.I.) by [The Friendly Societies (Taxation of Transfers of Business) Regulations 1995 (S.I. 1995/171)](https://www.legislation.gov.uk/uksi/1995/171), [reg. 4A(1)(2)(a)](https://www.legislation.gov.uk/uksi/1995/171/regulation/4A/1/2/a) (as inserted (19.3.1997) by [The Friendly Societies (Taxation of Transfers of Business) (Amendment) Regulations 1997 (S.I. 1997/472)](https://www.legislation.gov.uk/uksi/1997/472), [regs. 1](https://www.legislation.gov.uk/uksi/1997/472/regulation/1), [4](https://www.legislation.gov.uk/uksi/1997/472/regulation/4))
[^c22790111]: [S. 440(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 25](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/25) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22794711]: [S. 440(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/4) modified (20.3.1997 with effect in accordance with reg. 1(2) of the amending Regulations) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [24](https://www.legislation.gov.uk/uksi/1997/473/regulation/24), [25](https://www.legislation.gov.uk/uksi/1997/473/regulation/25); and that modifying reg. 25 is omitted (8.4.2004 with effect in accordance with regs. 1, 20(2) of the revoking S.I.) by virtue of [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 20(1)](https://www.legislation.gov.uk/uksi/2004/822/regulation/20/1)
[^c22805171]: [S. 440(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/4) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [15](https://www.legislation.gov.uk/uksi/1998/1871/regulation/15)
[^c22812611]: [S. 440(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2/a) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 28(2) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 28(1)](https://www.legislation.gov.uk/uksi/2001/3629/article/28/1)
[^c22811381]: Words in [s. 440(4)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/4/e) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(g)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/g)
[^c22813141]: [S. 440(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2B) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 5](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/5) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23653211]: [S. 440](https://www.legislation.gov.uk/ukpga/1988/1/section/440) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [16](https://www.legislation.gov.uk/uksi/2005/2014/regulation/16) (as amended by [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [16](https://www.legislation.gov.uk/uksi/2007/2134/regulation/16))
[^c23653291]: Words in [s. 440(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/1/2) substituted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 10(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/10/2/a)
[^c23653331]: [S. 440(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2A/2B) repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 16(3)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/16/3/b), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23653231]: Words in [s. 440(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/3) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 31(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/31/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23653251]: [S. 440(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/4/a) substituted for s. 440(4)(a)-(c) (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 31(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/31/3) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23653271]: Word in [s. 440(4)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/4/e) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 31(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/31/3) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23653361]: [S. 440(4)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/4/f) modified by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 83XA(12)](https://www.legislation.gov.uk/ukpga/1989/26/section/83XA/12) (as inserted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 2(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/2/1))
[^c23653311]: [S. 440(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/5) repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 10(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/10/2/b), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c22794751]: [S. 440A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [26](https://www.legislation.gov.uk/uksi/1997/473/regulation/26), [27](https://www.legislation.gov.uk/uksi/1997/473/regulation/27); and that modifying reg. 27 is omitted (8.4.2004 with effect in accordance with reg. 1 of the revoking S.I.) by virtue of [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 21](https://www.legislation.gov.uk/uksi/2004/822/regulation/21)
[^c22788901]: [S. 440A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2/a) substituted for s. 440A(2)(a)(b) (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 6](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/6) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22772811]: *See* 1990 s.41*and* Sch.6 para.12(2)—subs.(d)*omitted for period* 1*January* 1990*to* 19*March* 1990*inclusive.*
[^c22772821]: *See* 1990 s.41*and* Sch.6 para.12(1), (3), (4), (6), (7)*and* (10)—*application and commencement provisions for* “1982 holdings” *and* “new holdings”.
[^c22772851]: *See* 1990 s.41*and* Sch.6 para.12(1), (3), (4), (6), (7)*and* (10)—*application and commencement provisions for* “1982 holdings” *and* “new holdings”.
[^c22772861]: Words in [s. 440A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/5) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(23)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/23/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22772871]: [S. 440A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/6) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(23)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/23/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22788931]: [S. 440A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/7) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 28(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/28/4) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22874781]: [S. 440A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2) modified (31.7.1992 with effect in accordance with reg. 1 of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1992 (S.I. 1992/1655)](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 1](https://www.legislation.gov.uk/uksi/1992/1655/regulation/1), [14](https://www.legislation.gov.uk/uksi/1992/1655/regulation/14), [15](https://www.legislation.gov.uk/uksi/1992/1655/regulation/15) (as amended (31.12.1993 with effect in accordance with reg. 1(2)(3) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1993 (S.I. 1993/3111)](https://www.legislation.gov.uk/uksi/1993/3111), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1993/3111/regulation/1/1), [5](https://www.legislation.gov.uk/uksi/1993/3111/regulation/5))
[^c22874791]: [S. 440A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2) modified (31.7.1992 with effect in accordance with reg. 1 of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1992 (S.I. 1992/1655)](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 1](https://www.legislation.gov.uk/uksi/1992/1655/regulation/1), [16](https://www.legislation.gov.uk/uksi/1992/1655/regulation/16) (as substituted (31.12.1993 with effect in accordance with reg. 1(2)(3) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1993 (S.I. 1993/3111)](https://www.legislation.gov.uk/uksi/1993/3111), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1993/3111/regulation/1/1), [10](https://www.legislation.gov.uk/uksi/1993/3111/regulation/10))
[^c22802301]: Words in [s. 440A(3)(4)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/3/4/6) substituted (with effect in accordance with [s. 123(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/123/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 123(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/123/5/a)
[^c23653411]: [S. 440A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [17](https://www.legislation.gov.uk/uksi/2005/2014/regulation/17) (as amended by [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [17](https://www.legislation.gov.uk/uksi/2007/2134/regulation/17))
[^c22811391]: Words in [s. 440A(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2/d) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(h)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/h)
[^c23653431]: [S. 440A(2)(a)(i)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2/a/i/ii) substituted for s. 440A(2)(a)(i)-(iii) (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 32(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/32/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23653491]: [S. 440A(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2/c) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 32(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/32/b), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23653451]: Words in [s. 440A(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2/d) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 32(c)(i)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/32/c/i) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23653471]: Words in [s. 440A(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2/d) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 32(c)(ii)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/32/c/ii) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23653511]: [S. 440A(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2/e) modified by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 83XA(13)](https://www.legislation.gov.uk/ukpga/1989/26/section/83XA/13) (as inserted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 2(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/2/1))
[^c22790131]: [S. 440B(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/440B/1A) inserted (with effect in accordance with [Sch. 27 para. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/27/paragraph/5/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 27 para. 5(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/27/paragraph/5/1)
[^c22799901]: [S. 440B(1A)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440B/1A/2) repealed (with effect in accordance with Sch. 3 para. 8(4)(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 8(2)(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/8/2/3), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22811401]: Words in [s. 440B(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/440B/3/a) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(i)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/i)
[^c23653581]: Words in [s. 440B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/440B/1) inserted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 8(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/8/2) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23653601]: Words in [s. 440B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/440B/3) substituted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 8(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/8/3) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23653541]: Words in [s. 440B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/440B/4) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 33(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/33/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23653561]: Words in [s. 440B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/440B/4) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 33(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/33/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23653621]: [S. 440B(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/440B/4A/4B) inserted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 8(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/8/4) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23653641]: [S. 440B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/440B/5) repealed (with effect in accordance with s. 39(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 8(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/8/5), [Sch. 27 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/8), Note (with Sch. 8 Pt. 2)
[^c22773031]: Source—1977 s.45(1)—(4); 1979(C) Sch.7
[^c22773051]: [S. 442(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/442/3) excluded by [Income and Corporation Taxes Act 1970 (c. 10)](https://www.legislation.gov.uk/ukpga/1970/10), [s. 269C(8)](https://www.legislation.gov.uk/ukpga/1970/10/section/269C/8) (as inserted (*retrospectively*) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s.48](https://www.legislation.gov.uk/ukpga/1992/48/section/48))
[^c22773071]: Words in [s. 442(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/442/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(24)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/24) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22790191]: Words in [s. 442(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/442/3) repealed (with effect in accordance with [s. 164(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/164/5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/24), Note
[^c23653981]: Words in [s. 442(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/442/1) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23653991]: [S. 442(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/442/4) repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 16(3)(c)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/16/3/c), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c22789421]: [S. 442A](https://www.legislation.gov.uk/ukpga/1988/1/section/442A) restricted (28.7.1995 with effect in accordance with reg. 1 of the affecting S.I.) by [The Insurance Companies (Taxation of Reinsurance Business) Regulations 1995 (S.I. 1995/1730)](https://www.legislation.gov.uk/uksi/1995/1730), [regs. 9](https://www.legislation.gov.uk/uksi/1995/1730/regulation/9), [10](https://www.legislation.gov.uk/uksi/1995/1730/regulation/10)
[^c22794811]: [S. 442A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/442A/1) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [29](https://www.legislation.gov.uk/uksi/1997/473/regulation/29)
[^c23654091]: [S. 442A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/442A/1) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [19](https://www.legislation.gov.uk/uksi/2005/2014/regulation/19)
[^c23654031]: Words in [s. 442A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/442A/1) substituted (with effect in accordance with [Sch. 33 para. 23(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/23/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 23(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/23/2)
[^c23654051]: [S. 442A(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/442A/3A) inserted (with effect in accordance with [Sch. 33 para. 23(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/23/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 23(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/23/3)
[^c23654071]: Words in [s. 442A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/442A/4) repealed (with effect in accordance with Sch. 33 para. 23(5) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 23(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/23/4), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12), Note 4
[^c22794831]: [S. 444A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/1) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [30](https://www.legislation.gov.uk/uksi/1997/473/regulation/30) (as amended (1.12.2001) by [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/b), [159](https://www.legislation.gov.uk/uksi/2001/3629/article/159)); and that modifying reg. 30 is omitted (8.4.2004 with effect in accordance with reg. 1 of the revoking S.I.) by virtue of [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 23](https://www.legislation.gov.uk/uksi/2004/822/regulation/23)
[^c22786591]: [S. 444A(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3A) inserted (with effect in accordance with [Sch. 8 para. 53(1)(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/53/1/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 17(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/17/4) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22786611]: Words in [s. 444A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/5) substituted (with effect in accordance with [Sch. 8 para. 53(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/53/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 17(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/17/5) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22811621]: [S. 444A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/1) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 29(2) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 29(1)](https://www.legislation.gov.uk/uksi/2001/3629/article/29/1)
[^c22811421]: Words in [s. 444A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/5) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2000/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(h)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/h)
[^c23654131]: Words in [s. 444A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3) inserted (with effect in accordance with [Sch. 33 para. 24(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/24/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 24(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/24/2)
[^c23654151]: [S. 444A(3ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3ZA) inserted (with effect in accordance with [Sch. 33 para. 24(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/24/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 24(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/24/3)
[^c23654171]: Words in [s. 444A(3ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3ZA) substituted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/1)
[^c23654191]: [S. 444A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/2) substituted (28.9.2004 with effect in accordance with art. 1 of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 19(2)
[^c23654211]: Words in [s. 444A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/4) substituted (28.9.2004 with effect in accordance with art. 1 of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 19(3)
[^c23654321]: Words in [s. 444A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/1) repealed (with effect in accordance with Sch. 9 para. 17(1) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 2(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/2/2), [Sch. 27 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/9), Note
[^c23654251]: Words in [s. 444A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 35(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/35/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23654291]: [S. 444A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3/b) and preceding word repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 35(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/35/b), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23654271]: Words in [s. 444A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 35(c)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/35/c) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23654341]: [S. 444A(7)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/7/8) repealed (with effect in accordance with Sch. 9 para. 17(1) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 2(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/2/3), [Sch. 27 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/9), Note
[^c23662081]: [S. 444AA](https://www.legislation.gov.uk/ukpga/1988/1/section/444AA) substituted (with effect in accordance with [Sch. 9 para. 17(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 3(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/3/1)
[^c23680301]: [S. 444AB(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB/5/a) substituted (with effect in accordance with [Sch. 7 para. 2(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/2/4) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/2/2)
[^c23680961]: [S. 444AB(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB/6) inserted (with effect in accordance with [Sch. 7 para. 2(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/2/4) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 2(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/2/3)
[^c23680981]: Words in [s. 444AB(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB/3) substituted (with effect in accordance with [Sch. 9 para. 20(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 20(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/4)
[^c23683271]: [S. 444AB(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB/6) repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 10(3)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/10/3/a), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23683251]: [S. 444AB(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB/11) repealed (with effect in accordance with Sch. 9 para. 17(1) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 1(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/1/2/b), [Sch. 27 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/9), Note
[^c23694111]: Words in [s. 444AC(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2/3) substituted (1.1.2005 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) Order 2004 (S.I. 2004/3266)](https://www.legislation.gov.uk/uksi/2004/3266), [art. 5(2)(b)](https://www.legislation.gov.uk/uksi/2004/3266/article/5/2/b)
[^c23694141]: Words in [s. 444AC(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2) substituted (1.1.2005 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) Order 2004 (S.I. 2004/3266)](https://www.legislation.gov.uk/uksi/2004/3266), [art. 5(3)](https://www.legislation.gov.uk/uksi/2004/3266/article/5/3)
[^c23694241]: [S. 444AC](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC) heading substituted (with effect in accordance with [Sch. 9 para. 7(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/6) of the amending Act) by virtue of [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 7(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/5)
[^c23694161]: Words in [s. 444AC(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2/b) substituted (with effect in accordance with [Sch. 9 para. 7(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/2/a)
[^c23694181]: Words in [s. 444AC(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2/b) inserted (with effect in accordance with [Sch. 9 para. 7(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/2/b)
[^c23694201]: [S. 444AC(2A)-(2E)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2A) inserted (with effect in accordance with [Sch. 9 para. 7(6)(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/6/7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 7(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/3)
[^c23694221]: [S. 444AC(4)-(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/4) inserted (with effect in accordance with [Sch. 9 para. 7(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 7(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/4)
[^c23694261]: Words in [s. 444AC(2B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2B/a) substituted (with effect in accordance with [Sch. 11 para. 3(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/6) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 3(2)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/2/a)
[^c23694281]: Words in [s. 444AC(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2B) inserted (with effect in accordance with [Sch. 11 para. 3(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/6) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 3(2)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/2/b)
[^c23694301]: Words in [s. 444AC(2C)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2C) substituted (with effect in accordance with [Sch. 11 para. 3(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/6) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 3(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/3)
[^c23694331]: Words in [s. 444AC(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/5/a) inserted (with effect in accordance with [Sch. 11 para. 3(7)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/7) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 3(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/4)
[^c23694351]: [S. 444AC(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/5A) inserted (with effect in accordance with [Sch. 11 para. 3(7)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/7) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 3(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/5)
[^c23694371]: Words in [s. 444AC(2)(2A)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2/2A/5) substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [6(a)](https://www.legislation.gov.uk/uksi/2006/3270/article/6/a)
[^c23694411]: [S. 444AC(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/3) omitted (31.12.2006 with effect in accordance with art. 1(2) of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [6(b)](https://www.legislation.gov.uk/uksi/2006/3270/article/6/b)
[^c23694431]: Words in [s. 444AC(2B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2B/b) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 36(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/36/2/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23694451]: Words in [s. 444AC(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2B) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 36(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/36/2/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23694471]: Words in [s. 444AC(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2B) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 36(2)(c)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/36/2/c) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23694491]: Words in [s. 444AC(2D)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2D) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 36(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/36/3) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23694511]: Words in [s. 444AC(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/10) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 36(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/36/4) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23694551]: [S. 444AC(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/11): opening words and definition of "fair value" repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 10(3)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/10/3/b), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23694531]: [S. 444AC(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/11): definition of "insurance business transfer scheme" repealed (with effect in accordance with Sch. 9 para. 17(1) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 1(2)(c)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/1/2/c), [Sch. 27 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/9), Note
[^c23694791]: [S. 444AD(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AD/4/a) substituted (with effect in accordance with [Sch. 7 para. 4(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/4/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 4(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/4/1)
[^c23694831]: [S. 444AD(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AD/6) inserted (with effect in accordance with [Sch. 11 para. 4(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/4/3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 4(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/4/2)
[^c23694851]: Words in [s. 444AD(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AD/4/b) substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [7](https://www.legislation.gov.uk/uksi/2006/3270/article/7)
[^c23694871]: [S. 444AD(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AD/5) repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 10(3)(c)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/10/3/c), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23690391]: [Ss. 444AB-444ABC](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB) substituted for ss. 444AB, 444ABA (with effect in accordance with [Sch. 9 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 4(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/4/1); [S.I. 2008/379](https://www.legislation.gov.uk/uksi/2008/379), [art. 2](https://www.legislation.gov.uk/uksi/2008/379/article/2)
[^c23642001]: [S. 436A](https://www.legislation.gov.uk/ukpga/1988/1/section/436A) modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [reg. 13A](https://www.legislation.gov.uk/uksi/2005/2014/regulation/13A) (as inserted (14.8.2007 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2007 (S.I. 2007/2134)](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [14](https://www.legislation.gov.uk/uksi/2007/2134/regulation/14))
[^c23642011]: [S. 436A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/436A/3): "83ZA" substituted for "83AB" (with effect in accordance with [Sch. 9 para. 17(2)(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/2/3) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 12](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/12); [S.I. 2008/379](https://www.legislation.gov.uk/uksi/2008/379), [art. 2](https://www.legislation.gov.uk/uksi/2008/379/article/2)
[^c23635411]: [1970 c. 9](https://www.legislation.gov.uk/ukpga/1970/9)
[^c22875571]: [S. 444BA](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA) modified (23.12.1996 with effect in accordance with reg. 1 of the modifying S.I.) by [The Insurance Companies (Reserves) (Tax) Regulations 1996 (S.I. 1996/2991)](https://www.legislation.gov.uk/uksi/1996/2991), [regs. 4-12](https://www.legislation.gov.uk/uksi/1996/2991/regulation/4)
[^c22811681]: Words in [ss. 444BA-444BD](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(1)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/1)
[^c22811641]: Words in [s. 444BA(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA/10) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/3)
[^c22811661]: [S. 444BA(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA/11) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(4)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/4)
[^c23710921]: Words in [s. 444BA(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA/11) substituted (with effect in accordance with [Sch. 9 para. 9(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/9/3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 9(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/9/2)
[^c22811781]: Words in [ss. 444BA-444BD](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(1)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/1)
[^c23711001]: Words in [s. 444BB(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BB/3/b) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c22798721]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c22811831]: Words in [s. 444BC(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BC/1) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/5)
[^c22811791]: Words in [s. 444BC(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BC/1) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/5)
[^c22811851]: [S. 444BD(2)(a)(i)-(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BD/2/a/i) substituted for s. 444BD(2)(a)(i)(ii) (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(7)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/7)
[^c22811871]: Words in [s. 444BD(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BD/7) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(8)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/8/a)
[^c22811891]: [S. 444BD(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BD/7): definition of "EC company" and preceding word repealed (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(8)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/8/b)
[^c23710381]: Words in [s. 444AF(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AF/4/b) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 37(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/37/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23710401]: Words in [s. 444AF(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AF/5/b) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 37(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/37/3) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23710421]: [S. 444AK(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AK/1/b) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/38/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23710441]: Words in [s. 444AK(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AK/3) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 38(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/38/3) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23710461]: Words in [s. 444AK(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AK/5/b) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 38(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/38/4) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c21604431]: Source—1970 s.331
[^c21604441]: Words in [s. 459](https://www.legislation.gov.uk/ukpga/1988/1/section/459) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.4](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/4); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c23711241]: Words in [s. 459](https://www.legislation.gov.uk/ukpga/1988/1/section/459) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 79](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/79), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23712981]: Words in [s. 460(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/3/b) inserted (retrospectively) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 172(5)(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/5/6)
[^c23715871]: Words in [s. 460(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/10A) inserted (retrospectively for specified purposes, and otherwise with effect in accordance with [Sch. 12 para. 6(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/3) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 paras. 1(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/1/2), [6(1)(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/1/3)
[^c23715891]: Words in [s. 460(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/11) substituted (retrospectively) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 paras. 1(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/1/3), [6(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/1)
[^c21604881]: Source—1970 s.332(1). 1974 s.27(1)(a)
[^c21604891]: Words in [s. 460(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/1) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 5(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/5/2); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21604901]: Source—1970 s.333(1)
[^c21604911]: Words in [s. 460(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/a) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 5(3)(a)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/5/3/a); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21604921]: [S. 460(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/aa) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 5(3)(b)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/5/3/b); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21604931]: Source—1970 s.332(2)(aa); 1987 (No.2) Sch.2 2(1)
[^c21604941]: Source—1970 s.332(2)(a); 1984 s.73(2); 1987 s.30(2)
[^c21604951]: [S. 460(2)(ai)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/ai) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(3)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/3)
[^c21604961]: Words in [s. 460(2)(c)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/c/i) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/4)
[^c21604971]: 1990 s.49(1)(a) Previously £100
[^c21604981]: 1990 s.49(1)(b).
[^c21604991]: Words in [s. 460(2)(c)(ia)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/c/ia) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(5)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/5)
[^c21605001]: [S. 460(2)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/ca) and word "and" substituted for word "and" by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(6)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/6)
[^c21605011]: Source—1970 s.332(2)(b)
[^c21605021]: Source—1970 s.332(3); 1987 s.30(3)
[^c21605041]: Words in [s. 460(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/3) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(7)(a)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/7/a)
[^c21605051]: Words in [s. 460(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/3) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(7)(b)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/7/b)
[^c21605061]: [S. 460(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/4A/4B) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(8)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/8)
[^c21605071]: Source—1970 s.332(4); 1975 (No.2) s.52(1); 1980 s.57(1)
[^c21605081]: Words in [s. 460(5)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/5) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 5(4)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/5/4); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21605091]: Source—1970 s.332(5); 1975 (No.2) s.52(1); 1984 s.73(3)
[^c21605111]: Source—1970 s.332(6)—(9); 1975 (No.2) s.52(1)
[^c21605181]: 1990 s. 48 and Sch. 9 para. 6 in relation to transfers of business on or after 1 January 1990
[^c21605201]: Source—1970 s.332(10); 1976 s.48(1)
[^c21605211]: Words in [s. 460(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/11) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 5(5)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/5/5); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c22805211]: [S. 460(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2) modified (6.4.1999) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 31](https://www.legislation.gov.uk/uksi/1997/473/regulation/31) (as inserted by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [25(5)](https://www.legislation.gov.uk/uksi/1998/1871/regulation/25/5))
[^c22765081]: [S. 460(2)(c)(zai)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/c/zai) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 1(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/1/2)
[^c22765101]: Words in [s. 460(2)(c)(ai)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/c/ai) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 1(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/1/3)
[^c22765121]: Words in [s. 460(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/3) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 1(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/1/4)
[^c22765151]: Words in [s. 460(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/4A) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 1(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/1/5)
[^c22765171]: Words in [s. 460(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/4B) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 1(6)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/1/6)
[^c22808971]: [S. 460(2)(cb)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/cb) inserted (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76](https://www.legislation.gov.uk/ukpga/2001/9/section/76), [Sch. 25 para. 8(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/8/1)
[^c23712991]: [S. 460(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [20](https://www.legislation.gov.uk/uksi/2005/2014/regulation/20); and that modifying reg. 20 is omitted (14.8.2007 with effect in accordance with reg. 1(2) of the revoking S.I.) by virtue of [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [18(b)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/18/b)
[^c22812121]: Words in [s. 460(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/10A) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 32(5) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 32(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/32/2)
[^c22812141]: [S. 460(10B)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/10B) inserted (1.12.2001 with effect in accordance with arts. 1(2)(a), 32(5) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 32(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/32/3)
[^c22812191]: Words in [s. 460(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/11) omitted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 32(4)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/32/4/a)
[^c22812201]: Words in [s. 460(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/11) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 32(4)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/32/4/b)
[^c23715851]: Words in [s. 460(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 80](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/80), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23715971]: Words in [s. 460(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 40(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/40/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23715991]: Word at the end of s. 460(2)(ca) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 40(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/40/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23716011]: [S. 460(2)(cb)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/cb) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 40(c)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/40/c), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23715951]: [S. 460(10B)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/10B) repealed (with effect in accordance with Sch. 9 para. 17(1) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 1(2)(d)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/1/2/d), [Sch. 27 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/9), Note
[^c23715911]: [S. 460(12)-(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/12) substituted for s. 460(12) (with effect in accordance with [Sch. 12 para. 6(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/3) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 1(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/1/4)
[^c23715931]: [S. 460(15)(16)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/15/16) inserted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 1(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/1/5)
[^c21605651]: Source—1970 s.332(1); 1974 s.27(1)(a)
[^c21605661]: Source—1974 s.27(2)
[^c21605671]: Source—1974 s.27(1)(b)
[^c21605681]: Source—1970 s.332(11), (12)(b); 1976 s.48(1)
[^c21605701]: Words in [s. 461(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/4/a) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/6); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21605711]: Source—1974 s.27(3)—(7); 1985 s.41(10); 1987 Sch.15 6
[^c22808991]: [S. 461(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/3A) inserted (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76](https://www.legislation.gov.uk/ukpga/2001/9/section/76), [Sch 25 para. 8(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/8/2)
[^c22812241]: Words in [s. 461(2)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/2/a/b) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/2/a)
[^c22812281]: Word in [s. 461(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/2) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/2/b)
[^c22812321]: Words in [s. 461(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/4/a) omitted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(3)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/3/a)
[^c22886541]: Words in [s. 461(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/4/a) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(3)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/3/b)
[^c22812351]: Words in [s. 461(6)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/6/a/b) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2110/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(4)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/4/a)
[^c22812381]: Words in [s. 461(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/6) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(4)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/4/b)
[^c22812401]: [S. 461(7)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/7) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/5)
[^c22812421]: [S. 461(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/11) added (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(6)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/6)
[^c23717541]: Words in [s. 461(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 81(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/81/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23717561]: Words in [s. 461(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/4/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 81(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/81/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23717601]: [S. 461(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/3A) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 41](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/41), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23717621]: [S. 461(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/4A/4B) inserted (with effect in accordance with [Sch. 12 para. 6(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/3) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 4(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/4/2)
[^c23717641]: Words in [s. 461(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/5) inserted (with effect in accordance with [Sch. 12 para. 6(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/3) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 4(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/4/3)
[^c23717661]: [S. 461(12)(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/12/13) inserted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 4(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/4/4)
[^c21605881]: Source—1970 s.336; 1985 Sch.10 Part II
[^c21605891]: Words in [s. 462(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/462/2/a) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9) par. 8(2) [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c23717861]: [S. 462(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/462/1/1A) substituted for s. 462(1) (retrospective to 1.1.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 45(2)(6)](https://www.legislation.gov.uk/ukpga/2007/11/section/45/2/6)
[^c23717881]: Words in [s. 462(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/462/2) substituted (retrospective to 1.1.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 45(3)(6)](https://www.legislation.gov.uk/ukpga/2007/11/section/45/3/6)
[^c23717901]: Words in [s. 462(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/462/3) substituted (retrospective to 1.1.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 45(4)(6)](https://www.legislation.gov.uk/ukpga/2007/11/section/45/4/6)
[^c21605981]: *See* 1990 s.50(1)—s.463*was renumbered as* s.463(1).
[^c21605991]: *For regulations see* Part III Vol.5 (*under* “*Friendly Societies*”).
[^c21606001]: Source—1970 s.335(1)
[^c21606011]: Words in [s. 463(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/463/1) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.10](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/10); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21606021]: 1990 s.50(2).
[^c22790281]: Words in [s. 463(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/463/1) inserted (with effect in accordance with [s. 171(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/171/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 171(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/171/5)
[^c22811431]: Words in [s. 463(1)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/463/1/2/3) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(i)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/i)
[^c21606281]: [S. 464](https://www.legislation.gov.uk/ukpga/1988/1/section/464): power to amend conferred (7.2.1994) by [1993 c. 48](https://www.legislation.gov.uk/ukpga/1993/48), [ss. 162](https://www.legislation.gov.uk/ukpga/1993/48/section/162), [193(2)(3)](https://www.legislation.gov.uk/ukpga/1993/48/section/193/2/3) (with [ss. 6(8)](https://www.legislation.gov.uk/ukpga/1993/48/section/6/8), [164](https://www.legislation.gov.uk/ukpga/1993/48/section/164)); [S. I. 1994/86](https://www.legislation.gov.uk/uksi/1994/86), [art. 2](https://www.legislation.gov.uk/uksi/1994/86/article/2)
[^c21606331]: [S. 464(3)(za)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/3/za) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 3(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/3/2)
[^c21606341]: Words in [s. 464(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/3/a) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 3(3)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/3/3)
[^c21606361]: [S. 464(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/4A/4B) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 3(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/3/4)
[^c21606381]: [1969 c. 19](https://www.legislation.gov.uk/ukpga/1969/19).
[^c21606391]: Words in [s. 464(5)(d)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/5/d/ii) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 11(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/11/3); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21606401]: Words in [s. 464(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/7) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 11(4)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/11/4); [S. I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c22765201]: [S. 464(3)(zza)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/3/zza) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 2(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/2/2)
[^c22765221]: Words in [s. 464(3)(za)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/3/za) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 2(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/2/3)
[^c22765241]: Words in [s. 464(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/4A) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 2(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/2/4)
[^c22765261]: Words in [s. 464(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/4B) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 2(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/2/5)
[^c23718001]: [S. 464(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/5/b) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/21) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23718021]: [S. 464(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/1): first sentence substituted (with effect in accordance with [Sch. 12 para. 6(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 2(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/2/2)
[^c23718041]: Words in [s. 464(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/3) substituted (with effect in accordance with [Sch. 12 para. 6(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 2(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/2/3)
[^c21606351]: 1990 s.49(3), (4) Previously "Kingdom) contracts under which the total premiums payable in any period of 12 months exceed £100 unless all those contracts were entered into before 1st September 1987" and "limit" respectively
[^c23718061]: Words in [s. 464(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/4A) substituted (with effect in accordance with [Sch. 12 para. 6(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 2(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/2/4)
[^c23718081]: Words in [s. 464(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/6) substituted (with effect in accordance with [Sch. 12 para. 6(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 2(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/2/5)
[^c23718101]: Words in [s. 464(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/7) substituted (with effect in accordance with [Sch. 12 para. 6(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 2(6)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/2/6/a)
[^c23718121]: Words in [s. 464(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/7) substituted (with effect in accordance with [Sch. 12 para. 6(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 2(6)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/2/6/b)
[^c23718151]: Words in [s. 464(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/7) substituted (with effect in accordance with [Sch. 12 para. 6(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 2(6)(c)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/2/6/c)
[^c21606451]: Source—1985 Sch.10 Part III
[^c21606461]: Words in [s. 465(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/465/3) repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 7
[^c21606471]: [S. 465(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/465/6) added (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.12](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/12) ; [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c23718191]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2): word in definition of "tax exempt life or endowment business" substituted (retrospectively) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 paras. 3](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/3), [6(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/1)
[^c21606641]: Definitions in s. 466(2) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 14(4)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/14/4); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21606651]: Definition in s. 466(2) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 14(5)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/14/5); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21606661]: Definitions in s. 466(2) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 14(6)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/14/6); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21606671]: Definition of “registrar” in s. 466(2) repealed (1.1.1994) by [Friendly Societies Act 1992 (c. 40)](https://www.legislation.gov.uk/ukpga/1992/40), [s. 120(2)](https://www.legislation.gov.uk/ukpga/1992/40/section/120/2), [Sch. 22 Pt. I](https://www.legislation.gov.uk/ukpga/1992/40/schedule/22/part/I); [S.I. 1993/2213](https://www.legislation.gov.uk/uksi/1993/2213), [Sch.6](https://www.legislation.gov.uk/uksi/1993/2213/schedule/6) APPENDIX
[^c21606681]: Words in [s. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 14(7)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/14/7); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21606691]: Source—1970 s.337(4); 1985 s.41(7)(e)
[^c21606701]: Words in [s. 466(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/3) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 14](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/14)(8; [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2))
[^c21606711]: [S. 466(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/5) added (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 14(9)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/14/9); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c22790301]: [S. 466(1)-(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/1) substituted for s. 466(1) (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 171(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/171/1)
[^c22805251]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [17](https://www.legislation.gov.uk/uksi/1998/1871/regulation/17)
[^c22790321]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2): definition of "insurance company" inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 171(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/171/2/a)
[^c22790341]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2): definition of "long term business" inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 171(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/171/2/b)
[^c23718211]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [15](https://www.legislation.gov.uk/uksi/2004/2680/regulation/15); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c22811461]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2): word in definition of "long term business" substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2000/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(j)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/j)
[^c23718241]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2): definition of "pension business" repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 22(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/22/2), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23718221]: [S. 466(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2A/2B) inserted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 22(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/22/3) (as amended by [Finance Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 9 para. 18(5)-(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/9/paragraph/18/5)) (with Sch. 36)
[^c23718261]: [S. 466(2ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2ZA) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 83](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/83) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23718281]: [S. 466(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/1) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 43(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/43/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23718301]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2): definition of "gross roll-up business" inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 43(3)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/43/3/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23718321]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2): definition of "life assurance business" repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 43(3)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/43/3/a), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23718341]: [S. 466(2ZA)(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2ZA/2A/2B) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 43(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/43/4), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c21605931]: [S. 462A(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/462A/9) added (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.9](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/9); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c23717941]: Word in [s. 462A(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/462A/8/b) substituted (retrospective to 1.1.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 45(5)(6)](https://www.legislation.gov.uk/ukpga/2007/11/section/45/5/6)
[^c22812441]: Word in [s. 461A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/461A/2) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 34(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/34/2)
[^c22812461]: [S. 461A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/461A/4) added (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 34(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/34/3)
[^c22809011]: [S. 461B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/461B/2A) inserted (6.4.2001) by Finance Act 2001 (s. 9), s. 76, Sch. 25 para. 8(3)
[^c22812481]: Word in [s. 461B(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/461B/4/b) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 35](https://www.legislation.gov.uk/uksi/2001/3629/article/35)
[^c23717701]: Words in [s. 461B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/461B/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 82(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/82/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23717721]: Words in [s. 461B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/461B/5) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 82(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/82/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23717741]: [S. 461B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/461B/2A) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 42](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/42), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23717761]: [S. 461B(6)-(6B)](https://www.legislation.gov.uk/ukpga/1988/1/section/461B/6) substituted for s. 461B(6) (with effect in accordance with [Sch. 12 para. 6(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/3) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 5(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/5/2)
[^c23717781]: Words in [s. 461B(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/461B/7) inserted (with effect in accordance with [Sch. 12 para. 6(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/3) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 5(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/5/3)
[^c23717801]: [S. 461B(8)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/461B/8/9) inserted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 5(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/5/4)
[^c22811521]: Words in [s. 461C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/1) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 36(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/2/a)
[^c22811541]: Word in [s. 461C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/1) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 36(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/2/b)
[^c22811561]: Words in [s. 461C(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/2) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 36(3)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/3/a)
[^c22811581]: Word in [s. 461C(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/2/a) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 36(3)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/3/b)
[^c22811471]: Words in [s. 461C(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/3) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 36(4)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/4/a)
[^c22811501]: Words in [s. 461C(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/3) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 36(4)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/4/b)
[^c22811601]: [S. 461C(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/4/5) substituted for s. 461C(4)-(7) (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 36(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/5)
[^c21607151]: Source—1970 s.338(1)—(3); 1982 s.36(1); 1974 s.28(1)(b); 1987 s.31
[^c21607161]: Words in [s. 467(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/1) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 74(2)(a)](https://www.legislation.gov.uk/ukpga/1991/31/section/74/2/a),(6)
[^c21607171]: Words in [s. 467(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/1) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 74(2)(b)](https://www.legislation.gov.uk/ukpga/1991/31/section/74/2/b),(6)
[^c21607181]: *See* 1970 s.338*for amounts applicable in earlier years.*
[^c21607191]: 1988(F) s.35*and* Sch.3 para.17*for chargeable period beginning on or after* 6*April* 1990.*Previously* “wife”.
[^c21607211]: Words in [s. 467(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/3) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 74(3)(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/74/3/6)
[^c21607221]: [S. 467(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/3A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 74(4)](https://www.legislation.gov.uk/ukpga/1991/31/section/74/4)
[^c21607231]: *See* [Employment Protection Act 1975 (c.71)](https://www.legislation.gov.uk/ukpga/1975/71) ss.7, 125(1)*and* Sch.16 Part III para.1—*list now maintained by the Certification Officer.*
[^c21607241]: Source—1974 s.28(1)(a)
[^c21607251]: Words in [s. 467(4)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/4/a/b) substituted (*retrospectively*) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 74(5)(a)](https://www.legislation.gov.uk/ukpga/1991/31/section/74/5/a),(7)
[^c21607261]: Words in [s. 467(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/4/a) substituted (16.10.1992) by [Trade Union and Labour Relations (Consolidation) Act 1992 (c. 52)](https://www.legislation.gov.uk/ukpga/1992/52), [ss. 300(2)](https://www.legislation.gov.uk/ukpga/1992/52/section/300/2), [302](https://www.legislation.gov.uk/ukpga/1992/52/section/302), [Sch. 2 para. 37(a)](https://www.legislation.gov.uk/ukpga/1992/52/schedule/2/paragraph/37/a)
[^c21607291]: Words in [s. 467(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/4/b) substituted (16.10.1992) by [Trade Union and Labour Relations (Consolidation) Act 1992 (c. 52)](https://www.legislation.gov.uk/ukpga/1992/52), [ss. 300(2)](https://www.legislation.gov.uk/ukpga/1992/52/section/300/2), [302](https://www.legislation.gov.uk/ukpga/1992/52/section/302), [Sch. 2 para. 37(b)](https://www.legislation.gov.uk/ukpga/1992/52/schedule/2/paragraph/37/b)
[^c21607301]: [S. 467(4)(ba)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/4/ba/bb) substituted (1.7.1992) for s. 467(4)(ba) by [S.I. 1992/808](https://www.legislation.gov.uk/uksi/1992/808), [art. 2](https://www.legislation.gov.uk/uksi/1992/808/article/2); [S.R. 1992/212](https://www.legislation.gov.uk/nisr/1992/212), [art. 2(2)(a)](https://www.legislation.gov.uk/nisr/1992/212/article/2/2/a)
[^c21607311]: Source—1977 s.47
[^c23718681]: Words in [s. 467(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/2) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [74](https://www.legislation.gov.uk/uksi/2005/3229/regulation/74)
[^c23718701]: Words in [s. 467(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/3) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 23](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/23) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23718721]: Words in [s. 467(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/1) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 84(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/84/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23718741]: Words in [s. 467(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/1/a) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 84(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/84/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23718761]: Words in [s. 467(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/1/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 84(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/84/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21607361]: Source—1970 ss.354, 358; 1980 s.60; 1987 s.38, 40(1); 1987 (No.2) s.40(1)
[^c21607371]: Words in [s. 468(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/3) substituted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 32(3)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/32/3/4)
[^c21607391]: *Definition employed for the purposes of* s.46(7)—*insurance companies: annual deemed disposal of holdings of unit trusts etc.*
[^c22753271]: Words in [s. 468(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/1) inserted (with effect in accordance with [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 3(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/3/2)
[^c22753241]: [S. 468(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/2) repealed (with effect in accordance with Sch. 14 para. 7 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 3(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/3/3), [Sch. 25 Pt. 5(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/25/part/5/13), Note
[^c22753291]: Words in [s. 468(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/3) substituted (with effect in accordance with [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 3(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/3/4)
[^c22753311]: Words in [s. 468(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/6) inserted (with effect in accordance with [s. 113(4)-(11)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 113(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/1)
[^c22753251]: [S. 468(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/6): definition of "distribution period" repealed (with effect in accordance with Sch. 14 para. 7 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 3(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/3/5), [Sch. 26 Pt. 5(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/13), Note
[^c22753331]: [S. 468(7)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/7) added (with effect in accordance with [s. 113(4)-(11)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 113(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/2)
[^c22795581]: [S. 468](https://www.legislation.gov.uk/ukpga/1988/1/section/468) modified (28.4.1997) by The Open-ended Investment Companies (Tax) Regulations 1997 (S.I 1997/1154), regs. 1, 9, 10 (as amended (1.12.2001) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 166](https://www.legislation.gov.uk/uksi/2001/3629/article/166))
[^c22790421]: [S. 468(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/1A) inserted (with effect in accordance with Sch. 6 paras. 10(2), 28 of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 10(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/10/1)
[^c22812931]: Words in [s. 468(6)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/6/8) substituted (1.12.2001) by [Financial Services and Markets Act 2000 (c. 8)](https://www.legislation.gov.uk/ukpga/2000/8), [s. 431(2)](https://www.legislation.gov.uk/ukpga/2000/8/section/431/2), [Sch. 20 para. 4(3)](https://www.legislation.gov.uk/ukpga/2000/8/schedule/20/paragraph/4/3); [S.I. 2001/3538](https://www.legislation.gov.uk/uksi/2001/3538), [art. 2(1)](https://www.legislation.gov.uk/uksi/2001/3538/article/2/1)
[^c23718901]: [S. 468(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/5) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 52](https://www.legislation.gov.uk/ukpga/1990/29/section/52), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 7
[^c23718921]: [S. 468(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/4) repealed (28.9.2004 with effect in accordance with art. 1(2) of the repealing S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 20
[^c23718941]: Words in [s. 468(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/1) substituted (1.4.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/964/regulation/1/1), [88(2)](https://www.legislation.gov.uk/uksi/2006/964/regulation/88/2)
[^c23718961]: Words in [s. 468(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/1A) substituted (with effect in accordance with [s. 26(8)-(11)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/8) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 26(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/4)
[^c23718981]: Words in [s. 468(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/1A) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 85(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/85/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23719001]: [S. 468(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/6): definition of "unit trust scheme" and preceding word repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 85(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/85/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23719081]: Words in [s. 468A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/468A/1) substituted (with effect in accordance with [s. 26(8)-(11)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/8) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 26(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/5)
[^c23719101]: Words in [s. 468A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/468A/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 86](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/86) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21607811]: Source—1977 s.46; 1979(C) Sch.7
[^c21607821]: Words in 473(2)(5) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(27)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/27/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21607861]: Words in [s. 473(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/6) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(27)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/27/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21607891]: Words in [s. 473(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/7) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(27)(c)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/27/c) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22791881]: [S. 473(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/5) repealed (with effect in accordance with s. 164(5) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/24), Note
[^c22801601]: Words in [s. 473(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/2) repealed (with effect in accordance with s. 101(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(23)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/23), Note 1
[^c22813241]: Words in [s. 473(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/2) repealed (with effect in accordance with s. 67(4)(a) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 67(1)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/1/a), [Sch. 40 Pt. 3(8)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/8), Note
[^c22813261]: Words in [s. 473(2)(a)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/2/a/7) substituted (with effect in accordance with [s. 67(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/4/a) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 67(1)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/1/b)
[^c22813291]: Word in [s. 473(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/2/b) substituted (with effect in accordance with [s. 67(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/4/a) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 67(1)(c)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/1/c)
[^c22813311]: [S. 473(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/2A/2B) inserted (with effect in accordance with [s. 67(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/4/a) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 67(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/2)
[^c22813331]: Words in [s. 473(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/6) substituted (with effect in accordance with [Sch. 9 para. 8(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/8/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/4)
[^c23722001]: Words in [s. 473(1)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/1/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 183](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/183) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22765351]: Words in [s. 475(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/2/a) repealed (with effect in accordance with Sch. 8 para. 55 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 25(1)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/25/1/b), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 1
[^c22792021]: [S. 475(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/1) substituted (with effect in accordance with [s. 154(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 28 para. 3(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/3/1)
[^c22792071]: [S. 475(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/2/b) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 27(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/27/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792041]: Words in [s. 475(3)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/3/8) substituted (with effect in accordance with [s. 154(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 28 para. 3(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/3/2)
[^c22792091]: Words in [s. 475(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/4) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 27(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/27/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22791951]: Words in [s. 475(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/5) repealed (with effect in accordance with s. 154(9) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/18), Note
[^c22791971]: [S. 475(6)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/6/7) repealed (with effect in accordance with s. 154(9) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/18), Note
[^c22792001]: Words in [s. 475(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/8) repealed (with effect in accordance with s. 154(9) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/18), Note
[^c23721961]: Word in [s. 472A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/472A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 182(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/182/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23721981]: Word in [s. 472A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/472A/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 182(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/182/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22791661]: [S. 469](https://www.legislation.gov.uk/ukpga/1988/1/section/469) extended (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 22(1)(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/22/1/2)
[^c22794141]: Source—1970 s.354A; 1987 s.39; 1987 (No.2) s.40(1)
[^c22794151]: Words in [s. 469(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/1/a) substituted (with effect in accordance with [s. 113(4)-(11)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 113(3)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/3/a)
[^c22794161]: [S. 469(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/1/b) and preceding word repealed (with effect in accordance with Sch. 41 Pt. 5(1) Note 2 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/1)
[^c22794201]: [S. 469(5A)-(5D)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/5A) inserted by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 71](https://www.legislation.gov.uk/ukpga/1988/39/section/71)
[^c22794211]: Words in [s. 469(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/6) substituted (with effect in accordance with [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/5)
[^c22794221]: [S. 469(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/6A) inserted (with effect in accordance with s. [s. 113(4)-(11)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 113(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/3/b)
[^c22801241]: [S. 469(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/2A/2B) inserted (with effect in accordance with [Sch. 4 para. 12(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/12/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 12(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/12/3)
[^c23721421]: [S. 469(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/2B) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 181(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/181/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23721501]: Words in [s. 469(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 87(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/87/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23721571]: Words in [s. 469(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 87(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/87/2/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23721591]: [S. 469(2A)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/2A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 87(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/87/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23721521]: [S. 469(4A)-(4D)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/4A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 87(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/87/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23721541]: Words in [s. 469(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 87(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/87/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23721641]: [S. 469(5A)-(5D)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/5A)(7)-(10) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 87(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/87/6), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22803991]: [1982 c.53](https://www.legislation.gov.uk/ukpga/1982/53).
[^c23721321]: Words in [s. 469A(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/469A/1/c) substituted (with effect in accordance with [s. 183(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/183/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 183(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/183/2)
[^c23721341]: [S. 469A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/469A/1A) inserted (with effect in accordance with [s. 183(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/183/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 183(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/183/3)
[^c23721361]: Words in [s. 469A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/469A/2) repealed (with effect in accordance with Sch. 43 Pt. 3(17) Note of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 43 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/17)
[^c23721381]: [S. 469A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/469A/3) repealed (with effect in accordance with Sch. 43 Pt. 3(17) Note of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 43 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/17)
[^c21608301]: [S. 477A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/1A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [Sch. 11 para. 2(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/2/2)
[^c21608341]: [S. 477A(3A)-(3C)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/3A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(2)(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/2/3)
[^c21608361]: [S. 477A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/10) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [Sch. 11 para. 2(3)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/2/3)
[^c21608371]: [S. 477A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/10): definition of "qualifying deposit right" inserted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 34](https://www.legislation.gov.uk/ukpga/1992/48/section/34), [Sch. 8 paras. 3(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/3/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/6)
[^c22792121]: [S. 477A(3)(a)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/3/a/aa) substituted for s. 477A(3)(a) (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 28(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/28/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21608331]: *See* 1990 Sch.5 para.16(1), (4), (5)—*for the year* 1991-92,*the words from* “actual” *to the end of the paragraph are replaced by* “appropriate amount”;*and the following subs. is inserted after* subs.(3):— “(3A) In subsection (3)(a) above the reference to the appropriate amount is to the actual amount paid or credited in the accounting period of any such dividends or interest together with—(a) in the case of dividends or interest paid or credited in the year 1990-91, any amount accounted for and paid by the society in respect thereof as representing income tax, and (b) in the case of dividends or interest paid or credited in the year 1991-92, any amount of income tax accounted for and paid by the society in respect thereof.”
[^c22792141]: [S. 477(3A)-(3C)](https://www.legislation.gov.uk/ukpga/1988/1/section/477/3A) repealed with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 28(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/28/2), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c22804151]: [S. 477(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/477/8) repealed (with effect in accordance with s. 38(3)(4) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7), Note 4
[^c22807981]: [S. 477A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/2A) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/4)
[^c22813351]: Words in [s. 477A(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/3/a) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 47(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/47/2)
[^c22813371]: Words in [s. 477A(3)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/3/aa) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 47(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/47/3)
[^c23722331]: [S. 477A](https://www.legislation.gov.uk/ukpga/1988/1/section/477A) applied (with effect in accordance with s. 56 of the affecting Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/7/schedule/2) para,. 5
[^c23722221]: Words in [s. 477A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 184(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/184/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23722241]: Words in [s. 477A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 184(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/184/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23722281]: [S. 477A(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/5/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 184(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/184/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23722261]: [S. 477A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/10): definition of "certified SAYE savings arrangement" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 184(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/184/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23722381]: [S. 477A(1)-(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 88(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/88/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23722431]: Words in [s. 477A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/3) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 88(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/88/3/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23722451]: Words in [s. 477A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/3/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 88(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/88/3/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23722471]: [S. 477A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/7) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 88(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/88/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23722341]: [S. 477A(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/9) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 88(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/88/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23722491]: [S. 477A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/10): definitions of "qualifying certificate of deposit", "qualifying deposit right" and "security" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 88(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/88/6), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21609341]: Source—1970 s.340, 345; CUA 1979 s.25(2)
[^c21609351]: *See* 1988(F) Sch.8 para.1—*re-basing to* 1982.
[^c22789441]: [S. 486(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/8) excluded (with effect in accordance with s. 131(4) of the affecting Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 131(1)(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/131/1/2/b)
[^c21609361]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c21609371]: [1969 c. 24 (N.I.)](https://www.legislation.gov.uk/apni/1969/24).
[^c22792221]: Words in [s. 486(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/1) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 30(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/30/a) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792241]: Words in [s. 486(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/7) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 30(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/30/b) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792261]: [S. 486(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/8) excluded by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 117A(7)(8)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/117A/7/8/b), [117B(5)(6)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/117B/5/6/b) (as inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 62](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/62) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15)))
[^c22802471]: Words in [s. 486(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/10) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22813041]: Words in [s. 486(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/12) substituted (27.3.2002) by [The Ministry of Agriculture, Fisheries and Food (Dissolution) Order 2002 (S.I. 2002/794)](https://www.legislation.gov.uk/uksi/2002/794), [art. 1(2)](https://www.legislation.gov.uk/uksi/2002/794/article/1/2), [Sch. 1 para. 31](https://www.legislation.gov.uk/uksi/2002/794/schedule/1/paragraph/31)
[^c23723951]: Words in [s. 486(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 188(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/188/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723971]: Words in [s. 486(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 188(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/188/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723991]: Words in [s. 486(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 188(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/188/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724011]: [S. 486(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 188(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/188/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724051]: [S. 486(2)(3)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/2/3/6) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 90(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/90/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23724031]: Words in [s. 486(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/7) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 90(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/90/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23724091]: [S. 486(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/12): definition of "registered industrial and provident society" substituted (29.11.2007) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 16](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/16)
[^c23724101]: OJ L 207, 18.8.2003. p1.
[^c21609381]: Source—1970 s.340A; CUA 1979 s.25(1)
[^c21609391]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c21609401]: [S.I. 1985/1205](https://www.legislation.gov.uk/uksi/1985/1205) (N.I. 12.).
[^c22792281]: [S. 487(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/1/b) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 31(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/31/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792301]: Words in [s. 487(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/3) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 31(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/31/2/a) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792321]: Word in [s. 487(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/3) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 31(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/31/2/b) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792341]: [S. 487(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/3A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 31(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/31/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22808631]: Words in [s. 487(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/4) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 40](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/40)
[^c23724211]: Words in [s. 487(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/3) repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23724231]: Words in [s. 487(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/4) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 22
[^c23724251]: Words in [s. 487(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 91](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/91) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21609491]: Source—1970 s.341; 1972 Sch.11 6
[^c21609511]: *See reference to approved housing associations in* 1988(F) s.43(3)*and* 44.
[^c21609521]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c21609531]: [1969 c.24 (N.I.)](https://www.legislation.gov.uk/apni/1969/24).
[^c21609541]: [1985 c. 68](https://www.legislation.gov.uk/ukpga/1985/68).
[^c21609551]: Words in [s. 488(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/6) substituted (15.9.1992) by [S.I. 1992/1725 (N.I. 15)](https://www.legislation.gov.uk/nisi/1992/1725), [arts. 1(2)](https://www.legislation.gov.uk/nisi/1992/1725/article/1/2), [107](https://www.legislation.gov.uk/nisi/1992/1725/article/107), [Sch. 8 para. 5](https://www.legislation.gov.uk/nisi/1992/1725/schedule/8/paragraph/5)
[^c21609561]: [S.I. 1979/1573](https://www.legislation.gov.uk/uksi/1979/1573) (N.I.12.).
[^c22792821]: [S. 488(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/9) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 28(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/28/2)
[^c22792831]: Words in [s. 488(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/10) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 28(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/28/3)
[^c22792851]: [S. 488(11)(11A)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/11/11A) substituted for s. 488(11) (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 28(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/28/4)
[^c22793891]: [S. 488(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/7A) inserted (1.10.1996) by [Housing Act 1996 (c. 52)](https://www.legislation.gov.uk/ukpga/1996/52), [s. 232(3)](https://www.legislation.gov.uk/ukpga/1996/52/section/232/3), [Sch. 3 para. 8(2)](https://www.legislation.gov.uk/ukpga/1996/52/schedule/3/paragraph/8/2); [S.I. 1996/2402](https://www.legislation.gov.uk/uksi/1996/2402), [art. 3](https://www.legislation.gov.uk/uksi/1996/2402/article/3) (with [Sch.](https://www.legislation.gov.uk/uksi/1996/2402/schedule))
[^c22805841]: [S. 488](https://www.legislation.gov.uk/ukpga/1988/1/section/488): functions transferred (1.7.1999 with effect in accordance with art. 1(2) of the affecting S.I.) by [The National Assembly for Wales (Transfer of Functions) Order 1999 (S.I. 1999/672)](https://www.legislation.gov.uk/uksi/1999/672), [art. 2](https://www.legislation.gov.uk/uksi/1999/672/article/2), [Sch. 1](https://www.legislation.gov.uk/uksi/1999/672/schedule/1)
[^c22801651]: [S. 488(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/3) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c22802521]: Words in [s. 488(11A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/11A/a) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/uksi/1998/3173/section/117/4/5) of the amending Act) by Finance Act 1998 (c, 36), Sch. 19 para. 48(2)(a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22802541]: Words in [s. 488(11A)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/11A) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 48(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/48/2/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22803931]: [S. 488(7A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/7A/b) and preceding word repealed (1.11.1998) by [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [ss. 140](https://www.legislation.gov.uk/ukpga/1998/38/section/140), [158](https://www.legislation.gov.uk/ukpga/1998/38/section/158), [Sch. 16 para. 56](https://www.legislation.gov.uk/ukpga/1998/38/schedule/16/paragraph/56), [Sch. 18 Pt. 6](https://www.legislation.gov.uk/ukpga/1998/38/schedule/18/part/6); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), [art. 5](https://www.legislation.gov.uk/uksi/1998/2244/article/5)
[^c22804761]: Words in [s. 488(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/1/b) substituted (with effect in accordance with [Sch. 4 para. 18(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 15(2)(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/15/2/a)
[^c22804171]: [S. 488(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/1/c) repealed (with effect in accordance with Sch. 4 para. 18(2) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 15(2)(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/15/2/b), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7), Note 2
[^c22804201]: [S. 488(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/2/b) and preceding word repealed (with effect in accordance with Sch. 4 para. 18(2) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 15(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/15/3), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7), Note 2
[^c22804221]: Words in [s. 488(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/4) repealed (with effect in accordance with Sch. 4 para. 18(2) of the repealing Act) by Finance Act 1999 (c, 16), Sch. 4 para. 15(4), Sch. 20 Pt. 3(7), Note 2
[^c22804781]: Words in [s. 488(11A)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/11A) substituted (with effect in accordance with [Sch. 4 para. 18(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 15(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/15/5)
[^c22804241]: [S. 488(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/12) repealed (with effect in accordance with Sch. 4 para. 18(2) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 15(6)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/15/6), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7), Note 2
[^c23724271]: Words in [s. 488(6)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/6/iii) substituted (29.7.2004) by [The Scotland Act 1998 (Transfer of Functions to the Scottish Ministers etc.) Order 2004 (S.I. 2004/2030)](https://www.legislation.gov.uk/uksi/2004/2030), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2004/2030/article/1/1), [5](https://www.legislation.gov.uk/uksi/2004/2030/article/5)
[^c23724291]: [S. 488(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/7A) modified (1.12.2008) by [The Transfer of Housing Corporation Functions (Modifications and Transitional Provisions) Order 2008 (S.I. 2008/2839)](https://www.legislation.gov.uk/uksi/2008/2839), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/2839/article/1/1), [3](https://www.legislation.gov.uk/uksi/2008/2839/article/3), [Sch. para. 1](https://www.legislation.gov.uk/uksi/2008/2839/schedule/paragraph/1); [S.I. 2008/3068](https://www.legislation.gov.uk/uksi/2008/3068), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2008/3068/article/1/2), [2(1)(b)](https://www.legislation.gov.uk/uksi/2008/3068/article/2/1/b)
[^c21609571]: See 1976(D)—*exemption of certain housing associations from development land tax.* 1976(D)*repealed from* 19*March* 1985.
[^c21609581]: Source—1970 s.341A
[^c21609591]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c21609601]: *See reference to approved self-build societies in* 1988(F) s.43(3)*and* s.44.
[^c21609611]: [1985 c. 68](https://www.legislation.gov.uk/ukpga/1985/68).
[^c21609621]: [S.I. 1981/156 (N.I. 3)](https://www.legislation.gov.uk/nisi/1981/156).
[^c21609631]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c21609641]: [1969 c. 24 (N.I.)](https://www.legislation.gov.uk/apni/1969/24).
[^c22792891]: [S. 489(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/7) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 29(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/29/2)
[^c22792901]: Words in [s. 489(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/8) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 29(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/29/3)
[^c22792921]: [S. 489(9)(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/9/9A) substituted for s. 489(9) (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 29(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/29/4)
[^c22793871]: [S. 489(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/5A) inserted (1.10.1996) by [Housing Act 1996 (c. 52)](https://www.legislation.gov.uk/ukpga/1996/52), [s. 232(3)](https://www.legislation.gov.uk/ukpga/1996/52/section/232/3), [Sch. 3 para. 8(3)](https://www.legislation.gov.uk/ukpga/1996/52/schedule/3/paragraph/8/3); [S.I. 1996/2402](https://www.legislation.gov.uk/uksi/1996/2402), [art. 3](https://www.legislation.gov.uk/uksi/1996/2402/article/3) (with [Sch.](https://www.legislation.gov.uk/uksi/1996/2402/schedule))
[^c22802631]: Words in [s. 489(9A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/9A/a) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 49(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/49/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22802611]: Word in [s. 489(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/9A) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 49(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/49/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22805861]: [S. 489](https://www.legislation.gov.uk/ukpga/1988/1/section/489): functions transferred (1.7.1999 with effect in accordance with art. 1(2) of the affecting S.I.) by [The National Assembly for Wales (Transfer of Functions) Order 1999 (S.I. 1999/672)](https://www.legislation.gov.uk/uksi/1999/672), [art. 2](https://www.legislation.gov.uk/uksi/1999/672/article/2), [Sch. 1](https://www.legislation.gov.uk/uksi/1999/672/schedule/1)
[^c23724301]: [S. 489(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/5A) modified (1.12.2008) by [The Transfer of Housing Corporation Functions (Modifications and Transitional Provisions) Order 2008 (S.I. 2008/2839)](https://www.legislation.gov.uk/uksi/2008/2839), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/2839/article/1/1), [3](https://www.legislation.gov.uk/uksi/2008/2839/article/3), [Sch. para. 1](https://www.legislation.gov.uk/uksi/2008/2839/schedule/paragraph/1); [S.I. 2008/3068](https://www.legislation.gov.uk/uksi/2008/3068), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2008/3068/article/1/2), [2(1)(b)](https://www.legislation.gov.uk/uksi/2008/3068/article/2/1/b)
[^c22803961]: [S. 489(5A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/5A/b) and preceding word repealed (1.11.1998) by [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [ss. 140](https://www.legislation.gov.uk/ukpga/1998/38/section/140), [158](https://www.legislation.gov.uk/ukpga/1998/38/section/158), [Sch. 16 para. 57](https://www.legislation.gov.uk/ukpga/1998/38/schedule/16/paragraph/57), [Sch. 18 Pt. 6](https://www.legislation.gov.uk/ukpga/1998/38/schedule/18/part/6); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), [art. 5](https://www.legislation.gov.uk/uksi/1998/2244/article/5)
[^c21609651]: [S. 490](https://www.legislation.gov.uk/ukpga/1988/1/section/490) amended (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 78(6)(11)](https://www.legislation.gov.uk/ukpga/1993/34/section/78/6/11)
[^c21609661]: Source—1970 s.346
[^c22794281]: Words in [s. 490(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/490/2) repealed (with effect in accordance with Sch. 18 Pt. 6(6) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(6)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/6)
[^c22800441]: Words in [s. 490(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/490/1) repealed (with effect in accordance with Sch. 6 para. 9(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 9(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/9/2), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22800481]: Words in [s. 490(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/490/4) repealed (with effect in accordance with Sch. 6 para. 9(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 9(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/9/3), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22800501]: [S. 490(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/490/5) repealed (with effect in accordance with Sch. 6 para. 9(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 9(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/9/4), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22801671]: Words in [s. 490(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/490/1) repealed (with effect in accordance with Sch. 3 para. 28(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 28(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/28/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21609671]: Source—1970 s.347
[^c21609681]: *See* 1988(F) Sch.14 Part V—*repeal of* (b)*from* 6*April* 1993.
[^c22802651]: Words in [s. 491(3)(4)(5)(6)(8)(b)(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/3/4/5/6/8/b/11) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23724371]: Words in [s. 491(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724391]: Words in [s. 491(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724411]: Words in [s. 491(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724451]: Words in [s. 491(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724491]: Words in [s. 491(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/3/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724511]: Words in [s. 491(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/3/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724531]: Words in [s. 491(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724551]: [S. 491(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/6), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724571]: Words in [s. 491(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/10/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/7), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21608401]: Words in [s. 477B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/477B/5) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(28)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/28) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22813391]: [S. 477B(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/477B/1A) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 48](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/48)
[^c21609721]: [S. 492(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/1/a/b) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 198(5)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/198/5/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21609741]: Words in [s. 492(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/3) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [Sch. 15 para. 17](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/17)
[^c22808671]: Words in [s. 492(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/5) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 41(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/41/1)
[^c22808691]: Words in [s. 492(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/6) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 41(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/41/2)
[^c22808711]: Words in [s. 492(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/7) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 41(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/41/3)
[^c23726061]: Words in [s. 492(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 190(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/190/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23726181]: [S. 492(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 92(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/92/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23726161]: [S. 492(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 92(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/92/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22802721]: [S. 493(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/6) inserted (with effect in accordance with [s. 152(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/152/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 152(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/152/3)
[^c23726241]: Words in [s. 493(2)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/2/a/i) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 191](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/191) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23726281]: [S. 493(A1)-(A3)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/A1) inserted (with effect in accordance with [s. 147(1)(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/147/1/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 18 para. 12(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/18/paragraph/12/2)
[^c23726341]: Words in [s. 493(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/1) omitted (with effect in accordance with s. 147(1)(2) of the repealing Act) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 18 para. 12(3)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/18/paragraph/12/3/a)
[^c23726301]: Words in [s. 493(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/1) substituted (with effect in accordance with [s. 147(1)(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/147/1/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 18 para. 12(3)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/18/paragraph/12/3/b)
[^c23726261]: [S. 493(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/1A) inserted (with effect in accordance with [s. 151(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/151/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 151(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/151/1)
[^c23726361]: Words in [s. 493(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/2) omitted (with effect in accordance with s. 147(1)(2) of the repealing Act) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 18 para. 12(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/18/paragraph/12/4)
[^c23726381]: Words in [s. 493(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/3) omitted (with effect in accordance with s. 147(1)(2) of the repealing Act) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 18 para. 12(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/18/paragraph/12/5)
[^c23726401]: Words in [s. 493(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/4/b) omitted (with effect in accordance with s. 147(1)(2) of the repealing Act) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 18 para. 12(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/18/paragraph/12/6)
[^c23726321]: [S. 493(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/5) substituted (with effect in accordance with [s. 147(1)(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/147/1/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 18 para. 12(7)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/18/paragraph/12/7)
[^c22792941]: Words in [s. 494(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/1) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 32(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/32/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792961]: Words in [s. 494(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 32(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/32/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792981]: [S. 494(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 32(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/32/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22793021]: [S. 494(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/4/5) substituted for s. 494(4) (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch 14 para. 32(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/32/4) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22801691]: [S. 494(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/4/5) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c22813411]: Words in [s. 494(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2/c) substituted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(3)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/3/a) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813431]: Words in [s. 494(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2/c) renumbered as s. 494(2)(c)(i) (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by virtue of [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(3)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/3/b) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813451]: [S. 494(2)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2/c/ii) and words inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(3)(c)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/3/c) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813521]: Words in [s. 494(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2) substituted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/5) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813541]: Words in [s. 494(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/6) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813561]: [S. 494(2ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2ZA) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/7) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813581]: Words in [s. 494(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2A) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(8)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/8/a) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813601]: Words in [s. 494(2A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2A/b) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(8)(b)(i)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/8/b/i) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813621]: Words in [s. 494(2A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2A/b) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(8)(b)(ii)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/8/b/ii) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813641]: Words in [s. 494(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2A) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(8)(c)(i)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/8/c/i) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813661]: Words in [s. 494(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2A) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(8)(c)(ii)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/8/c/ii) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813681]: [S. 494(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2B) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(9)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/9) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c23726731]: Word at the end of s. 494(2)(b) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 3(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/3/2/a)
[^c23726751]: [S. 494(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2/d) and preceding word repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 3(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/3/2/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23726771]: Words in [s. 494(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 3(2)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/3/2/c), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23726791]: [S. 494(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2B) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 3(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/3/3), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23726831]: Words in [s. 494(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/1) repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23726851]: [S. 494(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/3) repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c21609771]: [1982 c. 39](https://www.legislation.gov.uk/ukpga/1982/39)
[^c22808851]: Words in [s. 495(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/495/1) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 42(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/42/1)
[^c22808871]: Words in [s. 495(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/495/3) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 42(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/42/2)
[^c22808891]: Words in [s. 495(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/495/7) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 42(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/42/3)
[^c23727621]: Words in [s. 495(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/495/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 192](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/192) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21609801]: [1983 c. 56](https://www.legislation.gov.uk/ukpga/1983/56).
[^c23728561]: Words in [s. 496(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/496/1/a) inserted (with effect in accordance with [s. 285(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/285/7) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 37 para. 11(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/37/paragraph/11/2)
[^c23728581]: Words in [s. 496(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/496/2) inserted (with effect in accordance with [s. 285(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/285/7) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 37 para. 11(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/37/paragraph/11/3)
[^c23728601]: Words in [s. 496(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/496/3) inserted (with effect in accordance with [s. 285(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/285/7) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 37 para. 11(4)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/37/paragraph/11/4/a)
[^c23728621]: Words in [s. 496(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/496/3/b) inserted (with effect in accordance with [s. 285(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/285/7) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 37 para. 11(4)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/37/paragraph/11/4/b)
[^c23728661]: Words in [s. 496(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/496/1/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 193](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/193) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22891131]: Words in [s. 500(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/500/4) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 62(1)(a)](https://www.legislation.gov.uk/ukpga/1990/29/section/62/1/a)
[^c22891151]: Words in [s. 500(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/500/4) substituted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 62(1)(b)](https://www.legislation.gov.uk/ukpga/1990/29/section/62/1/b)
[^c22891171]: [S. 500(5)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/500/5) substituted for s. 500(5) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 62(2)](https://www.legislation.gov.uk/ukpga/1990/29/section/62/2)
[^c22891211]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): definition of "ring fence trade" added by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 62(3)](https://www.legislation.gov.uk/ukpga/1990/29/section/62/3)
[^c21609931]: [1975 c. 22](https://www.legislation.gov.uk/ukpga/1975/22).
[^c21609941]: [1964 c. 28 (N.I.)](https://www.legislation.gov.uk/apni/1964/28)
[^c21609951]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): words in definition of "oil extraction activities" repealed (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 55(1)(a)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/55/1/a/2), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 18 Pt.VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21609961]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): words in definition of "oil extraction activities" inserted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 55(1)(b)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/55/1/b/2)
[^c21609971]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): words in definition of "ring fence profits" substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(30)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/30) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/171/1), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21609981]: [S. 502(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1A) inserted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [300(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/300/1), [Sch. 10 para. 14(30)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/30) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21609991]: [1964 c. 29](https://www.legislation.gov.uk/ukpga/1964/29).
[^c22805961]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): words in definition of "oil" substituted (15.2.1999) by [Petroleum Act 1998 (c. 17)](https://www.legislation.gov.uk/ukpga/1998/17), [Sch. 4 para. 25](https://www.legislation.gov.uk/ukpga/1998/17/schedule/4/paragraph/25), [s. 52(4)](https://www.legislation.gov.uk/ukpga/1998/17/section/52/4); [S.I. 1999/161](https://www.legislation.gov.uk/uksi/1999/161), [art. 2(1)](https://www.legislation.gov.uk/uksi/1999/161/article/2/1)
[^c22808081]: [S. 502(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/3A) substituted for words in s. 502(3) (with effect in accordance with [Sch. 27 para. 12(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/12/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 9](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/9)
[^c23728921]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): words in definition of "ring fence trade" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 194(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/194/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23728941]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): words in definition of "ring fence trade" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 194(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/194/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23727051]: [S. 494A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/494A/2/b) and preceding word repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23727081]: [S. 494A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/494A/3/b) and preceding word repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c22804821]: [1996 c.8](https://www.legislation.gov.uk/ukpga/1996/8).
[^c22813711]: Words in [s. 494AA(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/494AA/2) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/4/a)
[^c22813741]: [S. 494AA(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/494AA/2/b) and preceding word repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23727121]: Word at the end of s. 494AA(2)(a) inserted (with effect in accordance with [Sch. 9 para. 1(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/1/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 9 para. 1(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/1/2)
[^c23727141]: [S. 494AA(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/494AA/2/c) inserted (with effect in accordance with [Sch. 9 para. 1(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/1/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 9 para. 1(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/1/3)
[^c23727161]: [S. 494AA(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/494AA/6): definition of "long funding operating lease" inserted (with effect in accordance with [Sch. 9 para. 1(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/1/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 9 para. 1(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/1/4)
[^c22813771]: Words in [s. 501A(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/501A/5/a) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 18(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/18/2) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813791]: [S. 501A(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/501A/5/b) substituted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 18(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/18/3) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813811]: [S. 501A(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/501A/5/c) substituted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 8](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/8) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23728721]: [S. 501A(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/501A/10/b) substituted (with effect in accordance with [s. 80(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 23](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/23)
[^c23728781]: Words in [s. 501A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/501A/1) substituted (with effect in accordance with [s. 152(2)(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/152/2/3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 152(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/152/1)
[^c23728741]: [S. 501A(5)(dd)](https://www.legislation.gov.uk/ukpga/1988/1/section/501A/5/dd) substituted for word at the end of s. 501A(5)(d) (with effect in accordance with [Sch. 9 para. 2(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/2/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 9 para. 2(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/2/2)
[^c23728761]: [S. 501A(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/501A/11) inserted (with effect in accordance with [Sch. 9 para. 2(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/2/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 9 para. 2(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/2/3)
[^c22808911]: [S. 503](https://www.legislation.gov.uk/ukpga/1988/1/section/503) applied (with effect in accordance with s. 579 of the affecting Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 249(2)](https://www.legislation.gov.uk/ukpga/2001/2/section/249/2) (with [Sch. 3 paras. 54](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/54), [55](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/55))
[^c22813931]: [S. 503](https://www.legislation.gov.uk/ukpga/1988/1/section/503) applied (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 32(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/32/4)
[^c23729751]: Words in [s. 503(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729871]: Words in [s. 503(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/1/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729771]: Word in [s. 503(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/1/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729791]: Words in [s. 503(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729891]: [S. 503(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/2/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729811]: Words in [s. 503(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729831]: Word in [s. 503(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21610111]: [S. 504](https://www.legislation.gov.uk/ukpga/1988/1/section/504) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 241(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/241/2), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21610121]: Source—1984 s.50(2)-(9)
[^c22793081]: Words in [s. 504(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 14(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/14/2)
[^c22793111]: [S. 504(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6A) inserted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 14(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/14/3)
[^c23730081]: [S. 504(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730101]: Words in [s. 504(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/3/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729961]: Word in [s. 504(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730121]: Words in [s. 504(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/3/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729981]: Words in [s. 504(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730001]: Words in [s. 504(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(3)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/3/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730021]: Words in [s. 504(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730171]: Words in [s. 504(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/7) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/5/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730191]: Words in [s. 504(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/7) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/5/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730221]: Words in [s. 504(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/6), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730041]: Words in [s. 504(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(7)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730061]: Word in [s. 504(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(7)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22754471]: [S. 505](https://www.legislation.gov.uk/ukpga/1988/1/section/505) modified (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 171](https://www.legislation.gov.uk/ukpga/1994/9/section/171)
[^c21610191]: Source—1970 s.360(1)
[^c21610201]: *Repealed by* 1988(F) s.148*and* Sch.14 Part V*from* 6*April* 1988.
[^c21610221]: Source—1986 s.30(1)
[^c22789231]: [S. 505(1)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/f) inserted (with effect in accordance with [s. 138(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/138/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 138(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/138/1)
[^c22793141]: [S. 505(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/a) substituted (with effect in accordance with [s. 146(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/146/5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 146(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/146/2)
[^c22793191]: [S. 505(1)(c)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/i) repealed (with effect in accordance with Sch. 7 para. 32, Sch. 41 Pt. 5(2) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 19(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/19/1), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c22793161]: [S. 505(1)(c)(ii)-(iib)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/ii) substituted for s. 505(1)(c)(ii) (with effect in accordance with [s. 146(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/146/5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 146(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/146/3)
[^c22793231]: [S. 505(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/d) substituted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 19(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/19/2) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c22793271]: Words in [s. 505(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/e) inserted (with effect in accordance with [s. 146(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/146/5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 146(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/146/4)
[^c22793281]: [S. 505(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1A) inserted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para 19(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/19/3) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c22813951]: [S. 505(1)(c)(iic)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/iic) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 3](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/3)
[^c23730441]: Words in [s. 505(1)(c)(iia)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/iia) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/2/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730281]: [S. 505(1)(c)(iiaa)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/iiaa) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730301]: Words in [s. 505(1)(c)(iib)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/iib) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(2)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/2/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730401]: [S. 505(1AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1AA) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730421]: Words in [s. 505(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730481]: [S. 505(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1B) inserted (with effect in accordance with [s. 56(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/56/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 56(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/56/1)
[^c23730461]: [S. 505(3)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/3) substituted for s. 505(3)-(8) (with effect in accordance with [s. 55(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/1)
[^c23730881]: Words in [s. 505(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/a) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/2/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730901]: Words in [s. 505(1)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/ii) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(2)(b)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/2/b/i), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730921]: [S. 505(1)(c)(iiaa)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/iiaa/iii) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/2/b/ii), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730501]: Words in [s. 505(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(2)(b)(iii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/2/b/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730951]: Words in [s. 505(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/d) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(2)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/2/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730971]: Words in [s. 505(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/e) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(2)(d)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/2/d/i), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730521]: Words in [s. 505(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/e) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(2)(d)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/2/d/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730991]: Words in [s. 505(1)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/f) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(2)(e)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/2/e/i), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730571]: Words in [s. 505(1)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/f) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(2)(e)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/2/e/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730611]: Words in [s. 505(1AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1AA) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730631]: Words in [s. 505(1B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1B/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730651]: Words in [s. 505(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/2/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(5)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730671]: Words in [s. 505(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/2/c) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(5)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731011]: Words in [s. 505(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(5)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/5/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730691]: Words in [s. 505(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(6)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730711]: Words in [s. 505(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(6)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730731]: Words in [s. 505(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(7)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730751]: Words in [s. 505(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(7)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730771]: Words in [s. 505(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/6) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(8)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/8) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730801]: Words in [s. 505(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/7) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(9)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/9/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730821]: Words in [s. 505(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/7) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(9)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/9/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731031]: [S. 505(1)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/aa) inserted (with effect in accordance with [s. 52(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/52/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 17 para. 17](https://www.legislation.gov.uk/ukpga/2007/11/schedule/17/paragraph/17)
[^c23731051]: Words in [s. 505(1)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/f) substituted (1.9.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 25 paras. 1](https://www.legislation.gov.uk/ukpga/2007/11/schedule/25/paragraph/1), [23(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/25/paragraph/23/2); [S.I. 2007/2532](https://www.legislation.gov.uk/uksi/2007/2532), [art. 2](https://www.legislation.gov.uk/uksi/2007/2532/article/2) (with [art. 3](https://www.legislation.gov.uk/uksi/2007/2532/article/3))
[^c21610281]: *Definition employed for purposes of*:1990 s.25—*donation to charity by individuals.*1990 s.56*and* Sch.10 para.21—*exemption for convertible securities held by charities.*1990 s.94(1)—*inspection powers* (*definition extended to cover bodies mentioned in* sections 507*and* 508).
[^c21610291]: Source—1970 s.360(3); 1986 s.31(1)(a), (c), Sch.7 1(1)
[^c21610301]: Source—1986 Sch.7 1(2), (3)
[^c21610311]: Source—1986 s.31(4)-(6)
[^c23731331]: [S. 506(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/1): definition of "charitable expenditure" substituted for definitions of "qualifying expenditure" and "non-qualifying expenditure" (with effect in accordance with [s. 55(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(2)(a)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/2/a)
[^c23731431]: Words in [s. 506(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/2) repealed (with effect in accordance with s. 55(5) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(2)(b)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/2/b), [Sch. 26 Pt. 3(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/5)
[^c23731351]: Words in [s. 506(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/3) substituted (with effect in accordance with [s. 55(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(2)(c)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/2/c)
[^c23731371]: Words in [s. 506(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/4) substituted (with effect in accordance with [s. 55(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(2)(d)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/2/d)
[^c23731391]: Words in [s. 506(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/5) substituted (with effect in accordance with [s. 55(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(2)(e)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/2/e)
[^c23731451]: [S. 506(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/6) repealed (with effect in accordance with s. 55(5) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(2)(f)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/2/f), [Sch. 26 Pt. 3(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/5)
[^c23731471]: [S. 506(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/1): definition of "charitable company" inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 95(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/95/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731491]: Words in [s. 506(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 95(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/95/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731521]: Words in [s. 506(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 95(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/95/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731541]: Words in [s. 506(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 95(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/95/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731561]: Word in [s. 506(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 95(5)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/95/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731581]: Words in [s. 506(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 95(5)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/95/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731611]: Word in [s. 506(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 95(6)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/95/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731631]: Words in [s. 506(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 95(6)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/95/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21610431]: *See*1989 s.59—*these bodies treated as established for charitable purposes for purposes of* s.59 (*covenanted subscriptions*).1990 s.25—*donations to charity by individuals.*
[^c21610441]: Source—1980 s.118(1); 1983 s.46(1)
[^c21610451]: 1989 s.60(1)*in relation to accounting periods ending on or after* 14*March* 1989.
[^c21610461]: Words in [s. 507(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/507/1/d) substituted (1.9.1992) by [Museums and Galleries Act 1992 (c. 44)](https://www.legislation.gov.uk/ukpga/1992/44), [s. 11(2)](https://www.legislation.gov.uk/ukpga/1992/44/section/11/2), [Sch. 8 para. 1(8)](https://www.legislation.gov.uk/ukpga/1992/44/schedule/8/paragraph/1/8); [S.I. 1992/1874](https://www.legislation.gov.uk/uksi/1992/1874), [art. 2](https://www.legislation.gov.uk/uksi/1992/1874/article/2)
[^c21610471]: [S. 507(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/507/1/e) inserted (1.11.1992) by [S.I. 1992/2383](https://www.legislation.gov.uk/uksi/1992/2383), [reg. 2(2)](https://www.legislation.gov.uk/uksi/1992/2383/regulation/2/2), [Sch. para.11](https://www.legislation.gov.uk/uksi/1992/2383/schedule/paragraph/11)
[^c21610491]: *Repealed by* 1989 ss.60(1)*and* 187*and* Sch.17 Part IV*in relation to accounting periods ending on or after* 14*March* 1989.
[^c22802761]: [S. 507(1)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/507/1/f) inserted (2.7.1998) by [National Lottery Act 1998 (c. 22)](https://www.legislation.gov.uk/ukpga/1998/22), [s. 24(1)](https://www.legislation.gov.uk/ukpga/1998/22/section/24/1), [27(4)(b)](https://www.legislation.gov.uk/ukpga/1998/22/section/27/4/b)
[^c22804261]: [S. 507(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/507/1/e) omitted (19.4.1999) by virtue of The United Kingdom Ecolabelling Board (Abolition) Regulations 1999 (S.I 1999/931), regs. 1, 9
[^c23732291]: Words in [s. 507(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/507/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 99](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/99) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21610501]: Source—1970 s.362
[^c23732311]: [S. 508(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/508/1/a) substituted (with effect in accordance with [s. 13(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 13(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/2)
[^c23732331]: Words in [s. 508(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/508/1) substituted (with effect in accordance with [s. 13(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 13(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/3)
[^c23732351]: [S. 508(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/508/1A/1B) inserted (with effect in accordance with [s. 13(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 13(4)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/4)
[^c23732371]: [S. 508(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/508/3/4) substituted for s. 508(3) (with effect in accordance with [s. 13(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 13(5)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/5)
[^c23732391]: Words in [s. 508(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/508/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 100](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/100) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21610511]: [S. 509(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/509/1) extended (with modifications) (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 23](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/23)
[^c21610521]: Source—1970 s.348; 1971 s.28(1)
[^c22802781]: Words in [s. 509(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/509/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21610531]: Source—1970 s.361
[^c21610551]: Source—O.J. No. L199/1.
[^c22789291]: Words in [s. 510A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/510A/6) repealed (with effect in accordance with Sch. 29 Pt. 8(16) Note 3 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(16)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/16)
[^c22789311]: [S. 510A(7)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/510A/7/8) repealed (with effect in accordance with Sch. 29 Pt. 8(16) Note 3 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(16)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/16)
[^c22813991]: Words in [s. 510A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/510A/3) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 49(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/49/3)
[^c22814011]: [S. 510A(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/510A/6A) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 49(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/49/4)
[^c23732411]: Words in [s. 510A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/510A/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 101(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/101/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23732451]: [S. 510A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/510A/3/b) and preceding word repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 101(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/101/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23732431]: Words in [s. 510A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/510A/6) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 101(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/101/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21610681]: *See* ss.89*and* 90*and* Sch.11 Electricity Act 1989*in connection with electricity industry privatisation; and see* s.112*and* Sch.18 Electricity Act 1989*for changes to* s.511*from a day to be appointed.*
[^c21610691]: Source—1970 s.350(3)
[^c21610701]: [1948 c. 67](https://www.legislation.gov.uk/ukpga/1948/67).
[^c21610771]: Source—1973 s.36(1)
[^c21610781]: [1980 c.60](https://www.legislation.gov.uk/ukpga/1980/60).
[^c21610791]: [1980 c.34](https://www.legislation.gov.uk/ukpga/1980/34).
[^c21610801]: Source—1980 s.119(1)-(3)
[^c21610811]: Words in [s. 513(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/513/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(32)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/32) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/171/1), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21610871]: Source—1970 s.371
[^c21610881]: [1947 c. 30](https://www.legislation.gov.uk/ukpga/1947/30).
[^c23732591]: Word in [s. 517](https://www.legislation.gov.uk/ukpga/1988/1/section/517) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 104](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/104) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21610931]: Source—1970 s.352(1)-(6); 1971 Sch.8 16; 1986 s.56(7)(a), Sch.13 2(5)(a)
[^c21610941]: Words in [s. 518(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/518/3) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [Sch. 15 para. 19(1)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/19/1)
[^c21610951]: [S. 518(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/518/6) repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 15 para. 19(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/19/2), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 4
[^c21610961]: Source—1970 s.352(8), (9)
[^c21610971]: Source—1970 s.352(11)
[^c21610981]: [1964 c. 40](https://www.legislation.gov.uk/ukpga/1964/40).
[^c22808931]: Words in [s. 518(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/518/4) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 43](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/43)
[^c22807771]: [S. 519](https://www.legislation.gov.uk/ukpga/1988/1/section/519) extended (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [ss. 419(1)(2)(a)](https://www.legislation.gov.uk/ukpga/1999/29/section/419/1/2/a), [425(2)](https://www.legislation.gov.uk/ukpga/1999/29/section/425/2) (with [s. 157(4)](https://www.legislation.gov.uk/ukpga/1999/29/section/157/4)); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), [art. 2](https://www.legislation.gov.uk/uksi/1999/3434/article/2)
[^c21611001]: Definition applied for purposes of—1979(C) s.149B(3)—*miscellaneous exemptions.*1988 s.832(1)—*interpretation of Tax Acts.*
[^c21611021]: Subs.(4)*repealed by* 1990 s.127*and* Sch.18 para.5(2)*and* 132*and* Sch.19 Part IV*on and after* 1*April* 1990.
[^c23732631]: [S. 519(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/519/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 105](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/105) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21611051]: Word in [s. 519A(2)(g)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/g) repealed by [S.I. 1991/195](https://www.legislation.gov.uk/uksi/1991/195), [art. 6](https://www.legislation.gov.uk/uksi/1991/195/article/6)
[^c21611061]: [S. 519A(2)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/i) (j) (k) added by [S.I. 1991/195](https://www.legislation.gov.uk/uksi/1991/195), [art. 6](https://www.legislation.gov.uk/uksi/1991/195/article/6)
[^c22789341]: [S. 519A(2)(a)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/a/aa) substituted for s. 519A(2)(a) (1.4.1996) by [Health Authorities Act 1995 (c. 17)](https://www.legislation.gov.uk/ukpga/1995/17), [s. 2(3)](https://www.legislation.gov.uk/ukpga/1995/17/section/2/3), [Sch. 1 para. 114(a)](https://www.legislation.gov.uk/ukpga/1995/17/schedule/1/paragraph/114/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/1995/17/schedule/2))
[^c22789361]: [S. 519A(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/c) repealed (1.4.1996) by [Health Authorities Act 1995 (c. 17)](https://www.legislation.gov.uk/ukpga/1995/17), [s. 2(3)](https://www.legislation.gov.uk/ukpga/1995/17/section/2/3), [Sch. 1 para. 114(b)](https://www.legislation.gov.uk/ukpga/1995/17/schedule/1/paragraph/114/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/1995/17/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/1995/17/schedule/2))
[^c22809081]: [S. 519A(2)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/ab) inserted (1.4.2000 for E.W. and 11.5.2001 otherwise) by [Health Act 1999 (c. 8)](https://www.legislation.gov.uk/ukpga/1999/8), [s. 67(1)](https://www.legislation.gov.uk/ukpga/1999/8/section/67/1), [Sch. 4 para. 73](https://www.legislation.gov.uk/ukpga/1999/8/schedule/4/paragraph/73); [S.I. 1999/2342](https://www.legislation.gov.uk/uksi/1999/2342), [art. 2(4)(b)(i)](https://www.legislation.gov.uk/uksi/1999/2342/article/2/4/b/i); [S.I. 2001/1985](https://www.legislation.gov.uk/uksi/2001/1985), [art. 2(4)](https://www.legislation.gov.uk/uksi/2001/1985/article/2/4)
[^c22892951]: Words in [s. 519A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/a) inserted (1.10.2002) by [The National Health Service Reform and Health Care Professions Act 2002 (Supplementary, Consequential etc. Provisions) Regulations 2002 (S.I. 2002/2469)](https://www.legislation.gov.uk/uksi/2002/2469), [reg. 1](https://www.legislation.gov.uk/uksi/2002/2469/regulation/1), [Sch. 1 para. 14](https://www.legislation.gov.uk/uksi/2002/2469/schedule/1/paragraph/14)
[^c22814041]: [S. 519A(2)(aba)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/aba) inserted (10.10.2002 for W., otherwise prosp.) by [National Health Service Reform and Health Care Professions Act 2002 (c. 17)](https://www.legislation.gov.uk/ukpga/2002/17), [s. 42(3)](https://www.legislation.gov.uk/ukpga/2002/17/section/42/3), [Sch. 5 para. 27](https://www.legislation.gov.uk/ukpga/2002/17/schedule/5/paragraph/27); [S.I. 2005/2352](https://www.legislation.gov.uk/uksi/2005/2352), [art. 2](https://www.legislation.gov.uk/uksi/2005/2352/article/2), [Sch.](https://www.legislation.gov.uk/uksi/2005/2352/schedule)
[^c23732651]: [S. 519A(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/bb) inserted (1.4.2004) by [Health and Social Care (Community Health and Standards) Act 2003 (c. 43)](https://www.legislation.gov.uk/ukpga/2003/43), [ss. 33(1)](https://www.legislation.gov.uk/ukpga/2003/43/section/33/1), [199(1)](https://www.legislation.gov.uk/ukpga/2003/43/section/199/1); [S.I. 2004/759](https://www.legislation.gov.uk/uksi/2004/759), [art. 2](https://www.legislation.gov.uk/uksi/2004/759/article/2)
[^c23732671]: [S. 519A(3)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/3) added (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 148](https://www.legislation.gov.uk/ukpga/2004/12/section/148)
[^c23732691]: [S. 519A(2)(h)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/h) repealed (1.4.2005) by [Health and Social Care (Community Health and Standards) Act 2003 (c. 43)](https://www.legislation.gov.uk/ukpga/2003/43), [ss. 190(2)](https://www.legislation.gov.uk/ukpga/2003/43/section/190/2), [199(1)](https://www.legislation.gov.uk/ukpga/2003/43/section/199/1), [Sch. 13 para. 5](https://www.legislation.gov.uk/ukpga/2003/43/schedule/13/paragraph/5), [Sch. 14 Pt. 7](https://www.legislation.gov.uk/ukpga/2003/43/schedule/14/part/7); [S.I. 2005/457](https://www.legislation.gov.uk/uksi/2005/457), [art. 2(1)(a)(b)](https://www.legislation.gov.uk/uksi/2005/457/article/2/1/a/b)
[^c23732731]: [S. 519A(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/e) repealed (S.) (27.9.2005) by [The Mental Health (Care and Treatment) (Scotland) Act 2003 (Modification of Enactments) Order 2005 (S.S.I. 2005/465)](https://www.legislation.gov.uk/ssi/2005/465), [art. 1](https://www.legislation.gov.uk/ssi/2005/465/article/1), [Sch. 2](https://www.legislation.gov.uk/ssi/2005/465/schedule/2); and s. 519A(2)(e) repealed (E.W.N.I.) (5.10.2005) by [The Mental Health (Care and Treatment) (Scotland) Act 2003 (Consequential Provisions) Order 2005 (S.I. 2005/2078)](https://www.legislation.gov.uk/uksi/2005/2078), [art. 1(1)](https://www.legislation.gov.uk/uksi/2005/2078/article/1/1), [Sch. 3](https://www.legislation.gov.uk/uksi/2005/2078/schedule/3)
[^c23732751]: [S. 519A(2)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/f) repealed (1.4.2006) by [Health and Social Care (Community Health and Standards) Act 2003 (c. 43)](https://www.legislation.gov.uk/ukpga/2003/43), [s. 199(1)](https://www.legislation.gov.uk/ukpga/2003/43/section/199/1), [Sch. 14 Pt. 4](https://www.legislation.gov.uk/ukpga/2003/43/schedule/14/part/4); [S.I. 2005/2925](https://www.legislation.gov.uk/uksi/2005/2925), [art. 11](https://www.legislation.gov.uk/uksi/2005/2925/article/11)
[^c23732771]: Words in [s. 519A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/a) inserted (1.3.2007) by [National Health Service (Consequential Provisions) Act 2006 (c. 43)](https://www.legislation.gov.uk/ukpga/2006/43), [s. 8(2)](https://www.legislation.gov.uk/ukpga/2006/43/section/8/2), [Sch. 1 para. 100(a)(i)](https://www.legislation.gov.uk/ukpga/2006/43/schedule/1/paragraph/100/a/i)
[^c23732851]: Words in [s. 519A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/a) omitted (1.3.2007) by virtue of [National Health Service (Consequential Provisions) Act 2006 (c. 43)](https://www.legislation.gov.uk/ukpga/2006/43), [s. 8(2)](https://www.legislation.gov.uk/ukpga/2006/43/section/8/2), [Sch. 1 para. 100(a)(ii)](https://www.legislation.gov.uk/ukpga/2006/43/schedule/1/paragraph/100/a/ii)
[^c23732791]: Words in [s. 519A(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/aa) substituted (1.3.2007) by [National Health Service (Consequential Provisions) Act 2006 (c. 43)](https://www.legislation.gov.uk/ukpga/2006/43), [s. 8(2)](https://www.legislation.gov.uk/ukpga/2006/43/section/8/2), [Sch. 1 para. 100(b)](https://www.legislation.gov.uk/ukpga/2006/43/schedule/1/paragraph/100/b)
[^c23732811]: Words in [s. 519A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/b) substituted (1.3.2007) by [National Health Service (Consequential Provisions) Act 2006 (c. 43)](https://www.legislation.gov.uk/ukpga/2006/43), [s. 8(2)](https://www.legislation.gov.uk/ukpga/2006/43/section/8/2), [Sch. 1 para. 100(c)](https://www.legislation.gov.uk/ukpga/2006/43/schedule/1/paragraph/100/c)
[^c23732831]: Words in [s. 519A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/8) substituted (1.3.2007) by [National Health Service (Consequential Provisions) Act 2006 (c. 43)](https://www.legislation.gov.uk/ukpga/2006/43), [s. 8(2)](https://www.legislation.gov.uk/ukpga/2006/43/section/8/2), [Sch. 1 para. 101](https://www.legislation.gov.uk/ukpga/2006/43/schedule/1/paragraph/101)
[^c23732871]: Words in [s. 519A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/a) omitted (1.4.2007) by virtue of The References to [Health Authorities Order 2007 (S.I. 2007/961)](https://www.legislation.gov.uk/uksi/2007/961), [art. 1(1)](https://www.legislation.gov.uk/uksi/2007/961/article/1/1), [Sch. para. 19](https://www.legislation.gov.uk/uksi/2007/961/schedule/paragraph/19)
[^c23732891]: [S. 519A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 106(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/106/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23732911]: Words in [s. 519A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/3/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 106(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/106/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731651]: Words in [s. 506A](https://www.legislation.gov.uk/ukpga/1988/1/section/506A) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 96(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/96/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731831]: Words in [s. 506A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/506A/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 96(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/96/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731861]: Words in [s. 506A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/506A/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 96(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/96/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731891]: Words in [s. 506A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/506A/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 96(3)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/96/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731931]: Words in [s. 506B(1)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/506B/1)(7)(9) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 97(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/97/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23732021]: Words in [s. 506B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/506B/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 97(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/97/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23732041]: Words in [s. 506B(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/506B/7) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 97(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/97/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23732061]: Words in [s. 506B(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/506B/8) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 97(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/97/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23732191]: [S. 506C(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/506C/1/d) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 98(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/98/2/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23732211]: Word at the end of s. 506C(1)(h) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 98(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/98/2/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23732151]: Word at the end of s. 506C(1)(i) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 98(2)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/98/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23732171]: [S. 506C(1)(j)](https://www.legislation.gov.uk/ukpga/1988/1/section/506C/1/j) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 98(2)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/98/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23732081]: Words in [s. 506C(2)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/506C/2/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 98(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/98/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23732111]: Words in [s. 506C(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/506C/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 98(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/98/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23732131]: Words in [s. 506C(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/506C/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 98(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/98/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23729261]: [S. 502B](https://www.legislation.gov.uk/ukpga/1988/1/section/502B) excluded (21.7.2008) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 20 para. 11(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/11/2)
[^c23729281]: [S. 502B](https://www.legislation.gov.uk/ukpga/1988/1/section/502B) excluded (21.7.2009) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 33 para. 5](https://www.legislation.gov.uk/ukpga/2009/10/schedule/33/paragraph/5)
[^c23729271]: [S. 502C](https://www.legislation.gov.uk/ukpga/1988/1/section/502C) excluded (21.7.2008) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 20 para. 11(8)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/11/8)
[^c23729291]: [S. 502C](https://www.legislation.gov.uk/ukpga/1988/1/section/502C) excluded (21.7.2009) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 33 para. 7](https://www.legislation.gov.uk/ukpga/2009/10/schedule/33/paragraph/7)
[^c23729481]: [S. 502H](https://www.legislation.gov.uk/ukpga/1988/1/section/502H) modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [reg. 20A](https://www.legislation.gov.uk/uksi/2005/2014/regulation/20A) (as inserted (14.8.2007 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2007 (S.I. 2007/2134)](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [19](https://www.legislation.gov.uk/uksi/2007/2134/regulation/19)); and that modifying reg. 20A is omitted (12.8.2008 with effect in accordance with reg. 1(2) of the revoking S.I.) by virtue of [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/1), [9](https://www.legislation.gov.uk/uksi/2008/1937/regulation/9)
[^c23729381]: Words in [s. 502H(2)(a)(ii)(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/502H/2/a/ii/4/b) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 44](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/44) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23729411]: [S. 502H(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/502H/2/b) and preceding word repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 4(4)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/4/4/a), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23729441]: [S. 502H(8)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/502H/8) repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 4(4)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/4/4/a), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c21611181]: Source - 1970 s.380(1)
[^c21611191]: Source - 1970 s.380(2)
[^c21611221]: Source - 1970 s.380(4)
[^c21611231]: Source - 1970 s.380(5)
[^c22776211]: Words in [s. 524(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 15(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/15/2/a)
[^c22776231]: Words in [s. 524(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 15(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/15/2/b)
[^c22776251]: [S. 524(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2A) inserted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 15(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/15/3)
[^c23733541]: Words in [s. 524(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733581]: Words in [s. 524(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733601]: Words in [s. 524(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733631]: Word in [s. 524(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733651]: Words in [s. 524(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733681]: Word in [s. 524(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733851]: [S. 524(2A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2A/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/4/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733871]: Words in [s. 524(2A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2A/b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/4/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733701]: Words in [s. 524(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733721]: Words in [s. 524(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733891]: [S. 524(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/6), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733741]: [S. 524(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733911]: Words in [s. 524(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(8)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/8), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733761]: Word in [s. 524(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(9)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/9/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733781]: Words in [s. 524(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(9)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/9/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733811]: Word in [s. 524(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(9)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/9/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733831]: Word in [s. 524(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(10)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/10) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733951]: [S. 524(3)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/3/b/c) and preceding word repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 107(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/107/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23733931]: [S. 524(9)(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/9/9A) substituted for s. 524(9) (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 107(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/107/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21611251]: Source - 1970 s.381(2)
[^c22771321]: [S. 525(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/5) repealed (with effect in accordance with Sch. 14 Pt. 8 Note 4 of the repealing Act) by Finance Act [1988 c. 39](https://www.legislation.gov.uk/ukpga/1988/39), [Sch. 14 Pt. 8](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14/part/8)
[^c22781431]: Words in [s. 525(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/3) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 45](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/45)
[^c23733991]: [S. 525(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734051]: [S. 525(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734011]: Words in [s. 525(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/4/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(4)(a)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/4/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734071]: Words in [s. 525(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/4/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/4/a/ii), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734031]: Word in [s. 525(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/4/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(4)(a)(iii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/4/a/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734091]: [S. 525(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/4/b) and preceding word repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/4/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21611291]: Source - 1970 s.382
[^c22795671]: Word in [s. 526(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/526/1/b) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23734141]: Word in [s. 526(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/526/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 203(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/203/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734161]: Word in [s. 526(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/526/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 203(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/203/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734181]: Words in [s. 526(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/526/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 203(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/203/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734201]: Word in [s. 526(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/526/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 203(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/203/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734221]: [S. 526(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/526/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 203(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/203/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21611321]: Source-1970 s.385; 1985 s.64(2)(d)-(f)
[^c22781201]: [S. 528(1)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/528/1/4) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 46(1)(4)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/46/1/4), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781451]: Words in [s. 528(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/528/2/3) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 46(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/46/2)
[^c22781481]: [S. 528(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/528/3A) inserted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 46(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/46/3)
[^c23734301]: [S. 528(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/528/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 205(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/205/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734321]: Words in [s. 528(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/528/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 205(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/205/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734341]: Words in [s. 528(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/528/3A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 205(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/205/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21611411]: Source-1970 s.386(2); 1985 s.65(3)(a)
[^c22795691]: [S. 531(2)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/2/7) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 19(2)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/19/2)
[^c21611431]: Source-1970 s.386(4); 1985 s.65(3)(b)
[^c21611441]: Source-1970 s.386(4)-(6)
[^c21611451]: Source-1970 s.386(8); 1985 Sch.18 Part II 8
[^c22781501]: Words in [s. 531(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/1) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 48(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/48/1)
[^c22781271]: Words in [s. 531(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/3) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 48(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/48/2), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781521]: Words in [s. 531(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/4/a) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 48(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/48/3)
[^c22781291]: Words in [s. 531(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/7) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 48(4)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/48/4), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c23734371]: Words in [s. 531(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734391]: Words in [s. 531(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734421]: Words in [s. 531(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734451]: Words in [s. 531(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734471]: [S. 531(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734491]: Words in [s. 531(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734511]: [S. 531(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/3A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734531]: Word in [s. 531(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734571]: Words in [s. 531(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734551]: Words in [s. 531(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734601]: Word in [s. 531(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(7)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734621]: Words in [s. 531(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(7)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734661]: [S. 531(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(8)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/8), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734641]: Word in [s. 531(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(9)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/9) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22781551]: [S. 532](https://www.legislation.gov.uk/ukpga/1988/1/section/532) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 49](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/49)
[^c23734681]: Words in [s. 532](https://www.legislation.gov.uk/ukpga/1988/1/section/532) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 208](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/208) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734701]: Words in [s. 532](https://www.legislation.gov.uk/ukpga/1988/1/section/532) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 109](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/109) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21611551]: Source-1970 s.388; 1985 s.64(2)(g)
[^c22771361]: Words in [s. 533(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/4) inserted (with retrospective effect) by Finance Act 1988, Sch. 13 Pt. 1 paras. 5, 1
[^c21611571]: Source-1970 s.386(8); 1985 Sch.18 Part II 8
[^c22781591]: Words in [ss. 533(1)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/1) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 50(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/50/1)
[^c22781331]: Words in [s. 533(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/1) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 4)](https://www.legislation.gov.uk/ukpga/2001/4), [Sch. 2 para. 50(2)(b)](https://www.legislation.gov.uk/ukpga/2001/4/schedule/2/paragraph/50/2/b), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/4/schedule/4)
[^c22781651]: Words in [s. 533(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/7) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 50(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/50/3)
[^c23734721]: Words in [s. 533(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 209(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/209/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734741]: [S. 533(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/1): definition of "income from patents" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 209(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/209/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734761]: Words in [s. 533(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 209(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/209/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22774361]: Words in [s. 539(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/1) repealed (with effect in accordance with Sch. 17 Pt. 5 Note 6 of the repealing Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/5)
[^c21611751]: [S. 539(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/9) inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 2](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/2)
[^c21611761]: Source-1970 s.393(1); 1971 Sch.6 41; 1972 Sch.24 23
[^c21611781]: Source-1970 s.393(2)(a), (c); 1971 Sch.3 11
[^c21611801]: [1924 c. 27](https://www.legislation.gov.uk/ukpga/1924/27).
[^c21611811]: Source-1970 s.393(3); 1985 s.41(8) 56, Sch. 9 para. 15
[^c21611821]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "friendly society" inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.15](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/15); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21611831]: Source-1975 Sch.2 15
[^c21611841]: Source-1970 s.393(4), (5)
[^c22776391]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): word in definition of "capital redemption policy" substituted (with effect in accordance with [s. 168(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/168/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 168(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/168/4)
[^c22781951]: [S. 539(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3A) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 2](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/2)
[^c23745031]: [S. 539(2)(e)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/2/e/f) and preceding word added (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 1(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/1/2)
[^c23745111]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "charitable trust" inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 6](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/6)
[^c23745051]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "credit union" inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 1(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/1/3)
[^c23745071]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "excepted group life policy" inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 1(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/1/3)
[^c23745091]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "group life policy" inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 1(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/1/3)
[^c23745131]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "non-charitable trust" inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 6](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/6)
[^c23745171]: Words in [s. 539(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 210(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/210/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745191]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "life annuity" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 210(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/210/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745211]: [S. 539(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 210(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/210/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745231]: [S. 539(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/2/b) substituted for s. 539(2)(b)-(d) (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 25](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/25) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23745251]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): words in definition of "capital redemption policy" substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 45](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/45) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c21611861]: Source-1970 s.394(1), (2); 1975 Sch.2 9(1), (2)
[^c21611881]: Source-1970 s.394(4); 1983 s.18(1) 1975 Sch.2 10
[^c21611891]: Source-1970 s.394(5), (6); 1975 Sch.2 10
[^c22774401]: Words in [s. 540(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/540/4) substituted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 3(2)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/3/2)
[^c22774421]: [S. 540(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/540/5A) inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 3(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/3/3)
[^c21611921]: Source-1982 s.34
[^c22781971]: Words in [s. 540(1)(a)(v)](https://www.legislation.gov.uk/ukpga/1988/1/section/540/1/a/v) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 3(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/3/2)
[^c22781991]: Words in [s. 540(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/540/1/b/ii) inserted (with effect in accordance with s, 83(2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 3(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/3/3)
[^c23745291]: [S. 540(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/540/2) repealed (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 14(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/14/1), [Sch. 43 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/13), Note 2 (with Sch. 34 para. 15)
[^c23745311]: Words in [s. 540(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/540/4) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [75](https://www.legislation.gov.uk/uksi/2005/3229/regulation/75)
[^c22778611]: [S. 541](https://www.legislation.gov.uk/ukpga/1988/1/section/541) extended (retrospectively and with effect in accordance with s. 79(7)(8) of the extending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 79(3)(b)](https://www.legislation.gov.uk/ukpga/1997/16/section/79/3/b)
[^c21611931]: Source-1970 s.395(1); 1975 Sch.2 11(1)
[^c21611941]: Source-1970 s.395 (2), (3)
[^c21611961]: [S. 541(4A)-(4D)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/4A) inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 4(2)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/4/2)
[^c21611971]: Source-1970 s.395(4); 1982 s.34; 1975 Sch.2 10
[^c21611981]: [S. 541(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/5/c) and word inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 4(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/4/3)
[^c21611991]: [1984 c. 43](https://www.legislation.gov.uk/ukpga/1984/43)
[^c22782011]: Words in [s. 541(1)(a)(ii)(b)(ii)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/1/a/ii/b/ii/c/ii) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 4(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/4/2)
[^c22782051]: Words in [s. 541(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/1/d) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 4(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/4/3)
[^c22781811]: [S. 541(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/4) repealed (with effect in accordance with s. 83(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 4(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/4/4), [Sch. 33 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/9), Note
[^c22782851]: Words in [s. 541(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/1/c) inserted (with effect in accordance with [s. 87(11)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/11) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 87(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/3)
[^c22782871]: [S. 541(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/3A) inserted (with effect in accordance with [s. 87(11)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/11) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 87(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/4)
[^c21612001]: Source-1970 s.396(1); 396(1); 1975 Sch.2 9(3), 12
[^c21612011]: Source-1970 s.396(2), (3); 1983 s.18(2); 1975 Sch.2 12
[^c22782071]: Words in [s. 542(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/542/1/c) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 5(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/5/2)
[^c22782091]: Words in [s. 542(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/542/3) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 5(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/5/3)
[^c21612021]: Source-1970 s.397; 1975 Sch.2 13
[^c22782111]: Words in [s. 543(1)(a)(ii)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/543/1/a/ii/b/ii) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 6(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/6/2)
[^c22782141]: Words in [s. 543(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/543/1/c) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 6(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/6/3)
[^c22782891]: Words in [s. 543(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/543/1/b) inserted (with effect in accordance with [s. 87(11)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/11) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 87(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/6)
[^c22782911]: [S. 543(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/543/2A) inserted (with effect in accordance with [s. 87(11)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/11) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 87(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/7)
[^c23745331]: Words in [s. 543(1)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/543/1/a/i) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 212](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/212) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21612031]: Source-1983 Sch.4 1
[^c21612041]: Source-1983 s.18(3), Sch.4 2(1)
[^c21612051]: Source-1983 Sch.4 2(2)
[^c21612061]: Source-1983 Sch.4 2(3)
[^c21612071]: Source-1983 Sch.4 2(4)
[^c23745351]: Words in [s. 544(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/544/6/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 213](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/213) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745371]: Words in [s. 544(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/544/4) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [76](https://www.legislation.gov.uk/uksi/2005/3229/regulation/76)
[^c21612081]: Source-1970 s.398; 1975 Sch.2 14, 9(4)
[^c22782161]: Words in [s. 545(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/545/1/d) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 7](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/7)
[^c23745411]: [S. 545(1)(a)(i)-(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/545/1/a/i) substituted for words in s. 545(1)(a) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 214](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/214) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21612091]: Source-1975 Sch.2 9(5), (8)
[^c21612101]: Source-1975 Sch.2 9(6), (7)
[^c21612111]: Source-1975 Sch.2 9(9)
[^c21612121]: [1984 c. 43](https://www.legislation.gov.uk/ukpga/1984/43)
[^c22782181]: Words in [s. 546(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/546/1/a) renumbered as s. 546(1)(a)(i) (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by virtue of [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para 8(2)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/8/2/a)
[^c22782201]: Words in [s. 546(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/546/1/a) substituted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 8(2)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/8/2/b)
[^c22782221]: [S. 546(1)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/546/1/a/ii) and preceding word inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 8(2)(c)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/8/2/c)
[^c22782241]: [S. 546(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/546/6) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 8(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/8/3)
[^c21612171]: [S. 547(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1/b) substituted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/8) of the amending Act) by Finance Act 1989 (c. 26 ), Sch. 9 para. 5(3)
[^c21612221]: [S. 547(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/8) inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 5(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/5/3)
[^c21612361]: Source-1970 s.399(1); 1972 Sch.24 24
[^c21612441]: [S. 547(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/5A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [Sch. 7 para. 9(1)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/9/1)
[^c21612491]: [S. 547(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/9) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [Sch. 7 para. 9(3)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/9/3)
[^c22775871]: [S. 547](https://www.legislation.gov.uk/ukpga/1988/1/section/547): power to modify conferred (with effect in accordance with s. 56(4) of the affecting Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 56(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/56/3)
[^c22775061]: [S. 547(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/6A) inserted (with effect in accordance with [s. 56(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/56/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 56(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/56/1)
[^c22775101]: [S. 547(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/7A) inserted (with effect in accordance with [s. 76(6)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/6) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 76(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/2/b)
[^c22778951]: [S. 547(1)(d)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1/d/e) inserted (with effect in accordance with [Sch. 14 para. 7(1)(2)(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/1/2/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 1(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/1/3)
[^c22778741]: [S. 547(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/3) repealed (with effect in accordance with Sch. 14 para. 7(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 1(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/1/4), [Sch. 27 Pt. 3(19)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/19), Note
[^c22779011]: [S. 547(5AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/5AA) inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 1(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/1/7)
[^c22779031]: [S. 547(9)-(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/9) inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 1(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/1/8)
[^c22779091]: [S. 547(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/14) inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 1(10)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/1/10)
[^c22782301]: Words in [s. 547(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1) substituted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 11(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/11/2)
[^c22782321]: [S. 547(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1A) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 11(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/11/3)
[^c22782341]: [S. 547(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/4) substituted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 11(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/11/4)
[^c23745551]: Word in [s. 547(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1/b) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 7(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/7/3)
[^c23745571]: [S. 547(1)(cc)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1/cc) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 7(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/7/4)
[^c23745651]: [S. 547(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/4A) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 7(8)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/7/8)
[^c23745751]: [S. 547(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/9A) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 7(11)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/7/11)
[^c23745891]: [S. 547(1)(a)(c)-(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1/a/c) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 216(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/216/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745831]: Words in [s. 547(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 216(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/216/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745851]: Word in [s. 547(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 216(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/216/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745871]: Word in [s. 547(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 216(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/216/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745951]: [S. 547(4A)-(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/4A)(9)-(14) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 216(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/216/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21612501]: Source-1975 Sch.2 16; 1976 s.35
[^c22774461]: Words in [s. 548(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/548/1/c) inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/6/2/b)
[^c22774481]: Words in [s. 548(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/548/1) substituted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 6(2)(c)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/6/2/c)
[^c22774501]: [S. 548(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/548/3A) inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 6(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/6/3)
[^c22780711]: [S. 548(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/548/3/a) substituted (with effect in accordance with [Sch. 4 para. 18(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 16](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/16)
[^c23746361]: Words in [s. 548(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/548/1/c) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 9(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/9/3)
[^c23746381]: [S. 548(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/548/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 218](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/218) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747201]: Words in [s. 552(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/6/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/4/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747241]: Words in [s. 552(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/7/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747261]: Words in [s. 552(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/7/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747281]: Words in [s. 552(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/9/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747301]: Words in [s. 552(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/9/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747381]: Words in [s. 552(5)(f)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/f/i) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 112](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/112) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21612761]: Source-1984 Sch.15 Part III; 1984 s.76(5); 1985 s.51
[^c22775181]: [S. 553](https://www.legislation.gov.uk/ukpga/1988/1/section/553): power to modify conferred (with effect in accordance with s. 56(4) of the affecting Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 56(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/56/3)
[^c22797631]: Words in [s. 553(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/2) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(8)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/8/a) (with saving)
[^c22774921]: [S. 553(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/6A) inserted (with effect in accordance with [s. 56(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/56/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 56(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/56/2)
[^c22775161]: [S. 553(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/7A) inserted (with effect in accordance with [s. 76(6)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/6) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 76(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/3)
[^c22776431]: Words in [s. 553(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/10) substituted (with effect in accordance with [s. 168(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/168/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 168(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/168/5)
[^c22779501]: Words in [s. 553(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/3) substituted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 4(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/4/2)
[^c22779521]: [S. 553(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/5A) inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 4(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/4/3)
[^c22779541]: [S. 553(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/10): definition of "foreign institution" inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 4(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/4/4)
[^c22782561]: Words in [s. 553(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/3) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/83/2) of the amending Act) by Finance Act 2001, (c. 9), Sch. 28 para. 17(2)
[^c22782601]: Words in [s. 553(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/10) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 17(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/17/4)
[^c23748361]: [S. 553(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 226(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/226/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748401]: [S. 553(6)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 226(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/226/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748381]: [S. 553(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/10): words in definition of "foreign institution" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 226(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/226/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22782401]: [S. 547A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/2) substituted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para 12](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/12)
[^c23746121]: Word in [s. 547A(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/3/a) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/2)
[^c23746141]: Word in [s. 547A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/3/b) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/3)
[^c23746161]: [S. 547A(3)(cc)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/3/cc) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/4)
[^c23746181]: Words in [s. 547A(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/3/d) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/5)
[^c23746201]: [S. 547A(3)(d)(ia)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/3/d/ia) substituted for word at the end of s. 547A(3)(d)(i) (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(6)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/6)
[^c23746221]: Word in [s. 547A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/6) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(7)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/7)
[^c23746241]: Word in [s. 547A(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/10/a) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(8)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/8/a)
[^c23746261]: Word in [s. 547A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/10) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(8)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/8/b)
[^c23746281]: [S. 547A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 217(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/217/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23746321]: [S. 547A(15)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/15): definition of "foreign institution" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 217(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/217/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23746301]: [S. 547A(16)(17)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/16/17) substituted for s. 547A(16) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 217(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/217/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22782481]: Words in [s. 551A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/551A/1/b) substituted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 16](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/16)
[^c23746501]: Words in [s. 551A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/551A/1/b) substituted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 11](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/11)
[^c23748471]: [S. 553A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/553A/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 227(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/227/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748491]: [S. 553A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/553A/4): words in definition of "new non-resident policy" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 227(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/227/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748511]: [S. 553B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/553B/2): words in definition of "overseas policy" substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 46(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/46/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23748531]: Words in [s. 553B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/553B/3) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 46(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/46/3) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23748551]: Words in [s. 553C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748571]: Words in [s. 553C(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748601]: Words in [s. 553C(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748621]: Words in [s. 553C(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748661]: Word at the end of s. 553C(4)(b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748641]: Word in [s. 553C(4)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/4/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(5)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748701]: [S. 553C(4)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/4/d) and preceding word repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(5)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/5/d), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748681]: [S. 553C(9A)-(9E)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/9A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22782931]: Words in [s. 546B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/546B/1) inserted (with effect in accordance with [s. 87(12)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/12) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 87(9)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/9)
[^c22782951]: [S. 546B(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/546B/1A) inserted (with effect in accordance with [s. 87(12)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/12) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 87(10)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/10)
[^c23745431]: Words in [s. 546C(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/546C/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 215(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/215/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745451]: Word in [s. 546C(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/546C/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 215(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/215/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745491]: [S. 546C(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/546C/8/a) and word repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 215(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/215/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745471]: Words in [s. 546C(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/546C/8/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 215(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/215/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745511]: Words in [s. 546C(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/546C/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 215(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/215/e), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745271]: [S. 539A(8)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/539A/8/ii) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 111](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/111) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21612901]: *For regulations see* Part III Vol.5 (*under* “*Entertainers and sportsmen*”).
[^c21612911]: Source-1986 Sch.11 6(4) 7(6)
[^c21612921]: Source-1986 Sch.11 6(2), 7(5)
[^c23749111]: [S. 556(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/556/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 230(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/230/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23749071]: [S. 556(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/556/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 230(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/230/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23749131]: [S. 556(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/556/3/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 230(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/230/4/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23749091]: Words in [s. 556(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/556/3/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 230(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/230/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23749151]: [S. 556(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/556/4A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 114(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/114/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23749171]: Words in [s. 556(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/556/5) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 114(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/114/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21612971]: Source-1986 Sch.11 10, 11(2)
[^c21612981]: *For regulations see* Part III Vol.5 (*under* “*Entertainers and sportsmen*”).
[^c21612991]: Source-1986 Sch.11 11(1), (3)
[^c23749581]: Words in [s. 568(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/568/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 232(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/232/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23749661]: Words in [s. 570(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/570/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 233](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/233) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23749701]: Words in [s. 571(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/571/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 234](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/234) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614411]: Source-1970 s.411(1)-(8); 1985 s.43; 1971 s.50(8)
[^c22774241]: [S. 577(2)(4)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/2/4/6) repealed (with effect in accordance with s. 72(1) of the repealing Act) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [Sch 14 Pt. 4](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14/part/4)
[^c21614461]: Source-1980 s.54, 118(3); 1983 s.46(3)(b)
[^c21614471]: Source-1970 s.411(9)
[^c22780041]: Words in [s. 577(1)(a)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/a/9) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22778801]: Words in [s. 577(1)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/9) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c22781671]: Word at the end of s. 577(1)(a) inserted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 51(1)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/51/1/a)
[^c22781381]: Words in [s. 577(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/7/a) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 51(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/51/2), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781411]: Words in [s. 577(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/10) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 51(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/51/3), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22782731]: Words in [s. 577(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/8/b) substituted (with application in accordance with [s. 73(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/73/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 73(2)(b)](https://www.legislation.gov.uk/ukpga/2001/9/section/73/2/b)
[^c22782751]: [S. 577(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/8A) inserted (with application in accordance with [s. 73(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/73/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 73(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/73/3)
[^c23754921]: [S. 577(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/b) and preceding word repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 62(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/62/2), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22781351]: [S. 577(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/c) and preceding word repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 51(1)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/51/1/b), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c23754941]: Words in [s. 577(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/3) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 62(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/62/3), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23754991]: Words in [s. 577(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/a) re-numbered as s. 577(1)(a)(i) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 23(2)(a)
[^c23754961]: [S. 577(1)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/a/ii) and preceding word inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 23(2)(b)
[^c23755011]: Words in [s. 577(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755031]: Words in [s. 577(1)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/a/i) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755051]: Words in [s. 577(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755071]: Words in [s. 577(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755101]: Words in [s. 577(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755121]: Words in [s. 577(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755141]: Words in [s. 577(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755161]: Words in [s. 577(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755181]: Words in [s. 577(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755201]: Words in [s. 577(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(4)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/4/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755221]: Words in [s. 577(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/7/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755241]: Words in [s. 577(7)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/7/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(5)(b)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/5/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755261]: Words in [s. 577(7)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/7/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(5)(b)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/5/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755281]: Words in [s. 577(7)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/7/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(5)(b)(iii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/5/b/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755311]: Words in [s. 577(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/8/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755341]: Words in [s. 577(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/8/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755421]: [S. 577(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/8A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/7), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755361]: Words in [s. 577(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/10) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(8)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/8/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755381]: Words in [s. 577(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/10) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(8)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/8/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755401]: Words in [s. 577(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/10) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(8)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/8/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614491]: Source-1970 s.376
[^c23755531]: Words in [s. 578(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/578/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 237](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/237) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22775891]: [S. 579](https://www.legislation.gov.uk/ukpga/1988/1/section/579) modified (with effect in accordance with s. 39(3)-(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 23](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/23)
[^c21614501]: Source-1970 s.412(1)-(6)
[^c22776841]: [S. 579(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/2/a) repealed (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/1996/18/schedule/3/part/1)
[^c22776861]: Word in [s. 579(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/2/b) repealed (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/1996/18/schedule/3/part/1)
[^c22777001]: Words in [s. 579(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/5/a) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(2)(a)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/2/a)
[^c22776911]: Words in [s. 579(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/5/b) repealed (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/1996/18/schedule/3/part/1)
[^c22777051]: Words in [s. 579(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/6) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(2)(b)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/2/b)
[^c22777781]: Words in [s. 579(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/6) substituted (24.9.1996) by [The Employment Rights (Northern Ireland) Order 1996 (S.I. 1996/1919 (N.I. 16))](https://www.legislation.gov.uk/nisi/1996/1919), [arts. 1(2)](https://www.legislation.gov.uk/nisi/1996/1919/article/1/2), [255](https://www.legislation.gov.uk/nisi/1996/1919/article/255), [Sch. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/1) (with [Sch. 2 para. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/2/paragraph/1))
[^c22780081]: Words in [s. 579(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/2) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22778861]: [S. 579(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/4) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 43](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/43), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 para. 73)
[^c22780091]: Words in [s. 579(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/5) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 43](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/43) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23755611]: [S. 579(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/1) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 63](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/63), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23755631]: [S. 579(3)(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/3/3A) substituted for s. 579(3) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 26(2)
[^c23755651]: Words in [s. 579(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755671]: Words in [s. 579(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755721]: Words in [s. 579(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755741]: Words in [s. 579(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755761]: Words in [s. 579(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755781]: Words in [s. 579(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755801]: Words in [s. 579(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/6/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614531]: Source-1970 s.412(7), (8)
[^c22777661]: Words in [s. 580(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/1/a) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(3)(a)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/3/a)
[^c22777681]: Words in [s. 580(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/1/b) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(3)(b)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/3/b)
[^c22777721]: Words in [s. 580(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/1/c) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(3)(c)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/3/c)
[^c22776951]: [S. 580(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/2) repealed (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/1996/18/schedule/3/part/1)
[^c22777801]: Words in [s. 580(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/1/a) substituted (24.9.1996) by [The Employment Rights (Northern Ireland) Order 1996 (S.I. 1996/1919 (N.I. 16))](https://www.legislation.gov.uk/nisi/1996/1919), [arts. 1(2)](https://www.legislation.gov.uk/nisi/1996/1919/article/1/2), [255](https://www.legislation.gov.uk/nisi/1996/1919/article/255), [Sch. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/1) (with [Sch. 2 para. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/2/paragraph/1))
[^c22777821]: Words in [s. 580(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/1/c) substituted (24.9.1996) by [The Employment Rights (Northern Ireland) Order 1996 (S.I. 1996/1919 (N.I. 16))](https://www.legislation.gov.uk/nisi/1996/1919), [arts. 1(2)](https://www.legislation.gov.uk/nisi/1996/1919/article/1/2), [255](https://www.legislation.gov.uk/nisi/1996/1919/article/255), [Sch. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/1) (with [Sch. 2 para. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/2/paragraph/1))
[^c23755831]: [S. 580(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/3) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 64](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/64), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21614601]: Source-1970 s.417; 1971 Sch.6 47
[^c22783181]: [S. 582(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/3A) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 50](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/50)
[^c23755971]: [S. 582](https://www.legislation.gov.uk/ukpga/1988/1/section/582) modified (with effect in accordance with s. 56 of the modifying Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 2 para. 7](https://www.legislation.gov.uk/ukpga/2005/7/schedule/2/paragraph/7)
[^c23755871]: Words in [s. 582(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 243(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/243/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755891]: Words in [s. 582(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/1/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 243(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/243/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756001]: Words in [s. 582(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/1/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 134(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/134/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23755981]: [S. 582(2)(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/2/2A) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 134(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/134/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21614631]: *See* 1979(C) s.13—*delayed remittances of capital gains.*
[^c21614641]: [S. 584(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/10) power exercised: 30.9.1993 appointed by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/b)
[^c21614651]: Source-1970 s.418(1), (2), (2A), (2B); 1987 (No.2) Sch.6 6
[^c21614681]: Source-1972 s.124(2)(a)
[^c21614691]: [1978 c. 18](https://www.legislation.gov.uk/ukpga/1978/18).
[^c21614761]: Source-1987 (No.2) Sch.6 6(5)
[^c22776641]: [S. 584(2)(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/2/2A) substituted for s. 584(2)(3) (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 33(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/33/2)
[^c22776661]: Words in [s. 584(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/4) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 33(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/33/3)
[^c22776681]: Words in [s. 584(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/5) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 33(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/33/4)
[^c22776701]: [S. 584(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/6) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 33(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/33/5)
[^c22776741]: Words in [s. 584(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/8) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 33(7)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/33/7)
[^c23756041]: Words in [s. 584(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756061]: Words in [s. 584(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756081]: Words in [s. 584(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756121]: Words in [s. 584(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756141]: Word in [s. 584(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756161]: Words in [s. 584(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756181]: Words in [s. 584(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756201]: [S. 584(6)(a)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/6/a/7) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614791]: Source-1970 s.420
[^c23756281]: Words in [s. 586(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/586/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 247](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/247) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614801]: Source-1970 s.421
[^c23756341]: Words in [s. 587(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/587/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 248(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/248/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756301]: Words in [s. 587(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/587/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 248(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/248/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756321]: Words in [s. 587(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/587/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 248(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/248/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22775921]: [S. 588](https://www.legislation.gov.uk/ukpga/1988/1/section/588) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para 24](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/24) (the modification consisting of the insertion of a s. 588(4A) for limited purposes, and that s. 588(4A) was repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note)
[^c21614821]: Source-1987 s.35(1)-(7)
[^c22780121]: Word in [s. 588(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/3) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22780811]: Words in [s. 588(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5) inserted (with effect in accordance with [s. 93(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/93/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 11 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/11/paragraph/2)
[^c23761531]: [S. 588(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/1) substituted for s. 588(1)(2) (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 67(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/67/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23761551]: [S. 588(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/3/a/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 67(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/67/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23761611]: [S. 588(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5/a) and word repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 67(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/67/4), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23761571]: Words in [s. 588(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 67(5)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/67/5) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23761591]: Words in [s. 588(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/6) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 67(6)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/67/6) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23762051]: [S. 588(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/4) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 28(2)
[^c23762071]: [S. 588(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 28(3)
[^c23762091]: Word in [s. 588(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762111]: Words in [s. 588(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762131]: Words in [s. 588(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762161]: Words in [s. 588(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762181]: Word in [s. 588(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762241]: Words in [s. 588(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/4/d), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762201]: Words in [s. 588(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(4)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/4/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762221]: Word in [s. 588(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22774861]: [S. 577A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/1A) inserted (with application in accordance with [s. 141(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/141/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 141(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/141/2)
[^c22774881]: Words in [s. 577A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/2) substituted (with application in accordance with s. 141(4)) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 141(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/141/3)
[^c22780061]: Words in [s. 577A(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/1/1A) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22778831]: Words in [s. 577A(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/1/1A) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c22783101]: Words in [s. 577A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/1) renumbered as s. 577A(1)(a) (with effect in accordance with [s. 68(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/68/2) of the amending Act) by virtue of [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 68(1)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/68/1/a)
[^c22783121]: [S. 577A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/1/b) and preceding word inserted (with effect in accordance with [s. 68(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/68/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 68(1)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/68/1/b)
[^c23755461]: Words in [s. 577A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/2) re-numbered as s. 577A(2)(a) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 24(2)(a)
[^c23755441]: [S. 577A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/2/b) and preceding word inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 24(2)(b)
[^c23755481]: Words in [s. 577A(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/1/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 236(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/236/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755511]: Words in [s. 577A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 236(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/236/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22775941]: [S. 589A](https://www.legislation.gov.uk/ukpga/1988/1/section/589A) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para 25](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/25) (the modification consisting of the insertion of a s. 589A(9A) for limited purposes, and that s. 589A(9A) was repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note)
[^c22780131]: Word in [s. 589A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/8) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23762311]: [S. 589A(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/1/1A) substituted for s. 589A(1) (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 69(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/69/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23762331]: [S. 589A(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/2) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 69(3)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/69/3/a), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23762391]: [S. 589A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/10) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 69(3)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/69/3/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23762411]: [S. 589A(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/9) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 29(2)
[^c23762431]: Words in [s. 589A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 251(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/251/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762451]: Words in [s. 589A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 251(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/251/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762471]: Words in [s. 589A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 251(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/251/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762551]: Words in [s. 589B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/589B/5) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 70(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/70/3), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22781131]: [S. 587B](https://www.legislation.gov.uk/ukpga/1988/1/section/587B) modified (with effect in accordance with reg. 30AA(3) of the modifying reg.) by the [Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 30AA(1)(2)](https://www.legislation.gov.uk/uksi/1997/473/regulation/30AA/1/2) (as inserted (25.10.2000) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2000 (S.I. 2000/2710)](https://www.legislation.gov.uk/uksi/2000/2710), [regs. 1](https://www.legislation.gov.uk/uksi/2000/2710/regulation/1), [5](https://www.legislation.gov.uk/uksi/2000/2710/regulation/5))
[^c22783261]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): word in definition of "qualifying investment" repealed (with effect in accordance with s. 97(6) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/1), [Sch. 40 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/15), Note
[^c22783281]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): in definition of "qualifying investment", para. (e) and preceding word inserted (with effect in accordance with [s. 97(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/1)
[^c22783301]: [S. 587B(9A)-(9E)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9A) inserted (with effect in accordance with [s. 97(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/2)
[^c22783321]: [S. 587B(9E)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9E/a) modified (temp.) (with effect in accordance with s. 97(6) of the modifying Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(7)(8)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/7/8)
[^c22783341]: [S. 587B(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/12) inserted (with effect in accordance with [s. 97(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/3)
[^c23756541]: [S. 587B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/4) substituted (with effect in accordance with [s. 139(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 139(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/2)
[^c23756561]: [S. 587B(8A)-(8G)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/8A) inserted (with effect in accordance with [s. 139(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 139(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/3)
[^c23756601]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): definition of "obligation" inserted (with effect in accordance with [s. 139(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 139(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/4)
[^c23756661]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): definition of "offshore fund" substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 10](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/10) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23756621]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): definition of "related liabilities" inserted (with effect in accordance with [s. 139(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 139(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/4)
[^c23756641]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): definition of "value of the net benefit to the charity" inserted (with effect in accordance with [s. 139(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 139(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/4)
[^c23756581]: [S. 587B(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/10A) inserted (with effect in accordance with [s. 139(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 139(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/5)
[^c23756751]: [S. 587B](https://www.legislation.gov.uk/ukpga/1988/1/section/587B) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2005/2014/regulation/21); and that modifying reg. 21 is omitted (14.8.2007 with effect in accordance with reg. 1(2) of the revoking S.I.) by virtue of [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [20](https://www.legislation.gov.uk/uksi/2007/2134/regulation/20)
[^c23756711]: Words in [s. 587B(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/2/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 249(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/249/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756761]: Words in [s. 587B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23756781]: Words in [s. 587B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23757151]: [S. 587B(2)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/2/a/i) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/3/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23757171]: Words in [s. 587B(2)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/2/a/ii) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/3/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23757191]: Words in [s. 587B(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/2/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(3)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/3/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23757211]: Words in [s. 587B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(3)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/3/d), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23757231]: [S. 587B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/3) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23756801]: Words in [s. 587B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(5)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23756821]: Word in [s. 587B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(5)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23756841]: Word in [s. 587B(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/6) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23756861]: Word in [s. 587B(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/7/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23756901]: Words in [s. 587B(8B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/8B/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(9)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/9/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23756921]: Word in [s. 587B(8B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/8B/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(9)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/9/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23757061]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): definition of "authorised unit trust" substituted for definition of "authorised unit trust" and "open-ended investment company" (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(10)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/10/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23757081]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): words in definition of "charity" substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(10)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/10/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23757111]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): word in definition of "the incidental costs of making the disposal to the person making it" substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(10)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/10/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23757131]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): definition of "open-ended investment company" inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(10)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/10/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23756941]: Words in [s. 587B(9B)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9B) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(11)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/11/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23756971]: Words in [s. 587B(9B)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9B) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(11)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/11/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23757001]: Words in [s. 587B(9C)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9C) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(12)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/12/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23757021]: Words in [s. 587B(9C)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9C) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(12)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/12/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23757041]: Words in [s. 587B(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/12) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(13)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/13) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23757311]: [S. 587B(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/8) repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 16(3)(f)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/16/3/f), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23757291]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): definition of "life assurance business" repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by virtue of [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 14(2)(c)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/14/2/c), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23757251]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): words in definition of "qualifying investment" substituted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 7(6)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/7/6/a)
[^c23757271]: [S. 587B(9ZA)(9ZB)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9ZA/9ZB) inserted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 7(6)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/7/6/b)
[^c22782771]: Word at the end of s. 578A(1)(a) inserted (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 12 Pt. 2 para. 11(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/12/part/2/paragraph/11/a)
[^c22781871]: [S. 578A(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/578A/1/c) and preceding word repealed (with effect in accordance with s. 57(4), Sch. 33 Pt. 2(1) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 12 Pt. 2 para. 11(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/12/part/2/paragraph/11/b), [Sch. 33 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/1)
[^c22783161]: [S. 578A(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/578A/2/3) modified (with effect in accordance with s. 80(2) of the 2002 amending Act) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 93A(4)(a)(6)(a)](https://www.legislation.gov.uk/ukpga/1993/34/section/93A/4/a/6/a) (as inserted by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 24 para. 4](https://www.legislation.gov.uk/ukpga/2002/23/schedule/24/paragraph/4))
[^c22783141]: [S. 578A(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/578A/2A/2B) inserted (with effect in accordance with [s. 60(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/60/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 60(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/60/1)
[^c23755551]: Words in [s. 578A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/578A/1) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 25(2)
[^c23755571]: [S. 578A(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/578A/2/bb) and preceding word inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 25(3)
[^c23755591]: Words in [s. 578A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/578A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 238](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/238) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23761461]: [S. 587C(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/587C/2/3) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 139(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/139/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23761341]: Word in [s. 587C(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/587C/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 139(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/139/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23761361]: Word in [s. 587C(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/587C/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 139(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/139/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23761381]: Word in [s. 587C(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/587C/6) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 139(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/139/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23761421]: [S. 587C(6)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/587C/6/a/b) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 139(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/139/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23761401]: Words in [s. 587C(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/587C/8) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 139(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/139/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23761441]: [S. 587C(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/587C/8A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 139(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/139/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23761491]: [S. 587C(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/587C/10/a) and word repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 139(7)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/139/7/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23761511]: Words in [s. 587C(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/587C/10/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 139(7)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/139/7/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23761291]: [S. 587BA(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/587BA/12) repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23761311]: [S. 587BA(13)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/587BA/13/b) and preceding word repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c21614081]: Source-1981 s.36(1)-(5)
[^c21614091]: Source-1981 s.36(6); 1980 s.37(3)
[^c22781111]: [S. 573(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/573/2) restricted (with effect in accordance with s. 63(4) of the affecting Act) by Finance Act 2000, Sch. 15 para. 70(2)
[^c22780901]: Words in [s. 573(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/573/4) substituted (with effect in accordance with [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 3(2)(a)(i)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/3/2/a/i)
[^c22780961]: Words in [s. 573(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/573/4) inserted (with effect in accordance with [s. 63(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 3(2)(a)(iv)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/3/2/a/iv)
[^c22780981]: [S. 573(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/573/4A) inserted (with effect in accordance with [s. 63(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 3(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/3/2/b)
[^c23753471]: Words in [s. 573(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/573/4) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 117(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/117/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22774841]: [Ss. 574-576](https://www.legislation.gov.uk/ukpga/1988/1/section/574) applied (with effect in accordance with s. 93(11) of the affecting Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 12 para. 3(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12/paragraph/3/3)
[^c21614221]: Source-1980 s.37(6)-(8); 1981 s.36(6)
[^c21614231]: Words in [s. 575(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/1/c) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation and Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(34)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/34/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21614241]: Words in [s. 575(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/2) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation and Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(34)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/34/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21614261]: Words in [s. 575(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation and Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(34)(c)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/34/c) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22781001]: [S. 575(1)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/1/ba) inserted (with effect in accordance with [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 3(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/3/3)
[^c23753771]: Words in [s. 575(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 119(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/119/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23753791]: Word in [s. 575(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 119(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/119/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23753811]: Words in [s. 575(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 119(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/119/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23753891]: Words in [s. 575(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 119(4)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/119/4/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23753931]: Words in [s. 575(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/3) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 119(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/119/5), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23753851]: [S. 575(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/4) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 119(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/119/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22774851]: [Ss. 574-576](https://www.legislation.gov.uk/ukpga/1988/1/section/574) applied (with effect in accordance with s. 93(11) of the affecting Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 12 para. 3(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12/paragraph/3/3)
[^c22779921]: Words in [s. 576(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1) inserted (with effect in accordance with [s. 80(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/5/a) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 80(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/1)
[^c22779941]: [S. 576(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1A/1B) inserted (with effect in accordance with [s. 80(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/5/a) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 80(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/2)
[^c22779961]: [S. 576(4)-(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/4) substituted for s. 576(4) (with effect in accordance with [s. 80(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/5/b) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 80(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/3)
[^c22781041]: [S. 576(1C)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1C) inserted (with application in accordance with [s. 63(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 3(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/3/4/b)
[^c23754031]: Words in [s. 576(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 120(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/120/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754051]: Words in [s. 576(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 120(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/120/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754071]: Words in [s. 576(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 120(3)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/120/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754091]: Words in [s. 576(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 120(3)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/120/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754181]: Words in [s. 576(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 120(2)(e)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/120/2/e), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754201]: [S. 576(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1A/1B) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 120(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/120/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754161]: [S. 576(1D)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1D) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 120(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/120/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754231]: [S. 576(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 120(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/120/6), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754601]: [S. 576B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/576B/9) inserted (6.4.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 16 paras. 11(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/11/3), [13](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/13)
[^c23754621]: [S. 576D(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/576D/3A) inserted (retrospective to 6.4.2007 and with effect in accordance with art. 1(2) of the amending S.I.) by [The Income Tax Act 2007 (Amendment) (No. 2) Order 2009 (S.I. 2009/2859)](https://www.legislation.gov.uk/uksi/2009/2859), [art. 2(2)](https://www.legislation.gov.uk/uksi/2009/2859/article/2/2)
[^c23754641]: Words in [s. 576H(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/576H/2/a) substituted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 7(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/7/5)
[^c23754681]: [S. 576K(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/576K/4) inserted (6.4.2007) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 16 paras. 11(4)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/16/paragraph/11/4), [13](https://www.legislation.gov.uk/ukpga/2008/9/schedule/16/paragraph/13)
[^c21616431]: [1939 c. 49](https://www.legislation.gov.uk/ukpga/1939/49).
[^c23484131]: [S. 613(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/613/1/2) (which were repealed by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 83](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/83), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1)) restored (retrospectively) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 10 para. 63](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/63)
[^c21617661]: Source-1970 s.219(3)
[^c21617671]: Words in [s. 617(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/3/a) substituted (1.7.1992) by [Social Security (Consequential Provisions) Act 1992 (c. 6)](https://www.legislation.gov.uk/ukpga/1992/6), [ss. 4](https://www.legislation.gov.uk/ukpga/1992/6/section/4), [7(2)](https://www.legislation.gov.uk/ukpga/1992/6/section/7/2), [Sch. 2 para. 93(4)](https://www.legislation.gov.uk/ukpga/1992/6/schedule/2/paragraph/93/4)
[^c21617681]: Words in [s. 617(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/3/b) substituted (1.7.1992) by [Social Security (Consequential Provisions) (Northern Ireland) Act 1992 (c. 9)](https://www.legislation.gov.uk/ukpga/1992/9), [ss. 4](https://www.legislation.gov.uk/ukpga/1992/9/section/4), [7(2)](https://www.legislation.gov.uk/ukpga/1992/9/section/7/2), [Sch. 2 para. 33(4)](https://www.legislation.gov.uk/ukpga/1992/9/schedule/2/paragraph/33/4)
[^c22889541]: [S. 617(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/5) repealed (with effect in accordance with s. 147(3) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 147(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/147/1), [Sch. 41 Pt. 5(15)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/15), Note
[^c22890381]: [S. 617(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/4) substituted (with effect in accordance with [s. 65(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/65/5) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 65(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/65/3)
[^c22893901]: Words in [s. 617(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/4) substituted (with effect in accordance with [s. 61(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/61/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 61(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/61/1)
[^c22899941]: [S. 617(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/6) repealed (24.4.2000 for specified purposes and 9.4.2001 otherwise) by [Welfare Reform and Pensions Act 1999 (c. 30)](https://www.legislation.gov.uk/ukpga/1999/30), [s. 89(1)](https://www.legislation.gov.uk/ukpga/1999/30/section/89/1), [Sch. 8 para. 1(3)](https://www.legislation.gov.uk/ukpga/1999/30/schedule/8/paragraph/1/3), [Sch. 13 Pt. 5](https://www.legislation.gov.uk/ukpga/1999/30/schedule/13/part/5); [S.I. 2000/1047](https://www.legislation.gov.uk/uksi/2000/1047), [art. 2(2)(a)](https://www.legislation.gov.uk/uksi/2000/1047/article/2/2/a), [Sch. Pt. 1](https://www.legislation.gov.uk/uksi/2000/1047/schedule/part/1)
[^c23481861]: [S. 617(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/1/2) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 87(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/87/2), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482271]: [S. 617(4)(d)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/4/d/e) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 87(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/87/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23483111]: Words in [s. 617(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/4/b) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004, Sch. para. 31(2)
[^c23483341]: Words in [s. 617(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 262(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/262/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483361]: Words in [s. 617(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 262(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/262/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483381]: Word at the end of s. 617(4)(b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 262(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/262/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483221]: [S. 617(4)(d)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/4/d/e) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 262(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/262/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483401]: [S. 617(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 262(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/262/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21619331]: Source-1970 s.230(1)
[^c21619341]: Source-1970 s.230(2A); 1970(F) Sch.4 8
[^c21619351]: Source-1970 s.230(2)(a)-(c)
[^c21619361]: Source-1970 s.230(2)(d), (2A); 1970(F) Sch.4 8
[^c21619371]: Source-1970 s.230(3)-(5)
[^c21619381]: [S. 656(7)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/656/7) inserted (retrospectively) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 76(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/76/1)
[^c23484021]: Words in [s. 656(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/656/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 268(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/268/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23484041]: Words in [s. 656(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/656/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 268(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/268/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23484061]: Words in [s. 656(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/656/5/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 268(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/268/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21619391]: Source-1970 s.230(6), (7); 1978 s.26(4); 1987 (No.2), s.41(3)
[^c23484111]: Words in [s. 657(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/657/2/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 269](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/269) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23486281]: Words in [s. 657(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/657/2/b) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 27(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/27/2) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23486301]: [S. 657(2)(d)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/657/2/d/e) substituted for s. 657(2)(d)-(f) (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 27(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/27/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23486451]: Words in [s. 657(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/657/2/b) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 141](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/141) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21619401]: Source-1970 s.231
[^c21619411]: *For regulations see* Part III Vol.5 (*under* “*Life annuities, purchased*”).
[^c21619421]: 1989 s.170(4)(c)*in relation to things done or omitted to be done on or after* 27*July* 1989.*Previously* “£500”.
[^c23483441]: Words in [s. 658(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/658/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 270(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/270/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483271]: Words in [s. 658(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/658/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 270(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/270/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483461]: [S. 658(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/658/6) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 270(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/270/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23486471]: Words in [s. 658(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/658/4/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 142](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/142), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21620031]: 1989 s.109(1).
[^c23766771]: Words in [s. 687A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/687A/1/a) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 18](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/18), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23766791]: [S. 687A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/687A/1/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 146(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/146/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23766811]: Words in [s. 687A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/687A/2/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 146(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/146/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23766831]: Words in [s. 687A(3)(a)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/687A/3/a/iii) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 146(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/146/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23766851]: Words in [s. 687A(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/687A/3/c) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 146(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/146/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23313881]: Words in [s. 689B(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/1/a) inserted (with effect in accordance with [Sch. 4 para. 16(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 16(2)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/2/a)
[^c23313901]: Words in [s. 689B(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/1/b) inserted (with effect in accordance with [Sch. 4 para. 16(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 16(2)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/2/b)
[^c23313921]: [S. 689B(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/1/c) and preceding word added (with effect in accordance with [Sch. 4 para. 16(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 16(2)(c)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/2/c)
[^c23313981]: [S. 689B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/2A) inserted (with effect in accordance with [Sch. 4 para. 16(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 16(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/4)
[^c23767651]: [S. 689B(2)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/2/a) substituted for s. 689(2)(za)-(c) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 280(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/280/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23767671]: [S. 689B(2A)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/2A/a/b) substituted for words in s. 689(2A) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 280(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/280/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23767691]: [S. 689B(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/2B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 280(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/280/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23767731]: Words in [s. 689B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/1) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 20](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/20), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23767751]: Words in [s. 689B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 148(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/148/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767791]: [S. 689B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/4) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 148(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/148/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767771]: [S. 689B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/5) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 148(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/148/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21621881]: Source-1970 s.426; 1971 Sch.6 52
[^c21621891]: Words in [s. 695(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/4/a) substituted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 11(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/11/1), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21621901]: *See* 1974 s.44(4) and Sch.7 para.9(1)(2)—*development gains to be excluded from aggregate income and United Kingdom tax thereon to be left out of account.*
[^c22901391]: Words in [s. 695(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/2) repealed (with effect in accordance with [Sch. 18 para. 2(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/2/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 2(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/2/1), [Sch. 29 Pt. 8(10)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/10)
[^c22901371]: [S. 695(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/3) substituted (with effect in accordance with [Sch. 18 para. 2(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/2/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 2(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/2/1)
[^c23768011]: Words in [s. 695(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768031]: Words in [s. 695(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768051]: Word in [s. 695(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768071]: Words in [s. 695(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768101]: Words in [s. 695(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768121]: Word in [s. 695(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768141]: Words in [s. 695(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768161]: Words in [s. 695(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768181]: Word in [s. 695(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768201]: Words in [s. 695(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768221]: Words in [s. 695(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/4/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(5)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768391]: Words in [s. 695(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/4/b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(5)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/5/d), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768241]: Word in [s. 695(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/5/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768261]: Words in [s. 695(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/5/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768281]: Words in [s. 695(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768311]: Words in [s. 695(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/5/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(6)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/6/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768331]: Words in [s. 695(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(7)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768351]: Words in [s. 695(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(7)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768411]: Words in [s. 695(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(7)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/7/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768371]: [S. 695(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(8)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/8) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21621921]: Source-1970 s.427; 1971 Sch.6 53
[^c22901411]: [S. 696(3)-(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3) substituted for s. 696(3) (with effect in accordance with [Sch. 18 para. 3(3)(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/3/3/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 3(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/3/1)
[^c21621941]: Words in [s. 696(3)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3) substituted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 11(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/11/1), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c22901431]: [S. 695(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/5) substituted (with effect in accordance with [Sch. 18 para. 3(3)(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/3/3/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 3(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/3/2)
[^c23768431]: Words in [s. 696(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768451]: Words in [s. 696(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768491]: Words in [s. 696(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/2) added (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768511]: Words in [s. 696(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768531]: Word in [s. 696(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768551]: Words in [s. 696(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768571]: Words in [s. 696(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768601]: Words in [s. 696(3A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3A/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768621]: Words in [s. 696(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(5)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768641]: Words in [s. 696(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3B) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768671]: Words in [s. 696(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3B) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768701]: Words in [s. 696(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3B) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768721]: Words in [s. 696(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3B) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(6)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/6/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768741]: Words in [s. 696(3B)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3B/a/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(6)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/6/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768771]: Words in [s. 696(3B)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3B/a/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(6)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/6/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768811]: Words in [s. 696(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768831]: Words in [s. 696(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(8)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/8/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768861]: Words in [s. 696(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(8)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/8/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768881]: Word in [s. 696(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(9)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/9/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768901]: Words in [s. 696(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(9)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/9/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769031]: Words in [s. 696(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(9)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/9/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768921]: Word in [s. 696(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/7/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(10)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/10/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768941]: Words in [s. 696(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/7/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(10)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/10/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768981]: Words in [s. 696(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(10)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/10/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768961]: Words in [s. 696(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/7/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(10)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/10/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769051]: Words in [s. 696(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(11)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/11), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769011]: [S. 696(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/9) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(12)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/12) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21621951]: Source-1970 s.428; 1971 Sch.6 54
[^c22901451]: [S. 697(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/697/1A) inserted (with effect in accordance with [Sch. 18 para. 4(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/4/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 4(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/4/1)
[^c22901471]: Words in [s. 697(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/697/2) substituted (with effect in accordance with [Sch. 18 para. 4(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/4/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 4(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/4/2)
[^c23769091]: Words in [s. 697(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/697/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 286(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/286/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769121]: Words in [s. 697(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/697/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 286(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/286/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769071]: Words in [s. 697(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/697/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 286(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/286/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769151]: [S. 697(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/697/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 286(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/286/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21621971]: Source-1970 s.429; 1971 Sch.6 55
[^c22901491]: [S. 698(1A)(1B)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/698/1A/1B/2) substituted for s. 698(2) (with effect in accordance with [Sch. 18 para. 5(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/5/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 5(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/5/1)
[^c23769171]: Words in [s. 698(1B)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/698/1B/c/ii) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 287(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/287/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769191]: Words in [s. 698(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/698/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 287(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/287/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769211]: Words in [s. 698(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/698/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 287(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/287/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769231]: Words in [s. 698(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/698/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 287(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/287/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769251]: [S. 698(4)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/698/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 287(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/287/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21622061]: Source-1970 s.431; 1971 Sch.6 57
[^c22901511]: [S. 700(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5/6) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 6](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/6)
[^c22901671]: Words in [s. 700(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/3) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 20](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/20)
[^c23769681]: Word in [s. 700(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769701]: Words in [s. 700(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769721]: Words in [s. 700(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769761]: Words in [s. 700(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769801]: Words in [s. 700(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(2)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/2/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769821]: Word in [s. 700(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(2)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/2/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769841]: Words in [s. 700(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769871]: Words in [s. 700(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769891]: Words in [s. 700(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769951]: Words in [s. 700(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769991]: Words in [s. 700(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/2/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(3)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/3/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770011]: Words in [s. 700(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770031]: Words in [s. 700(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770051]: Words in [s. 700(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770171]: Word at the end of s. 700(5)(a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770071]: [S. 700(5)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5/aa) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770091]: Words in [s. 700(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770111]: Words in [s. 700(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770131]: Words in [s. 700(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770151]: Words in [s. 700(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(g)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/g) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21622141]: Source-1970 s.432; 1972 Sch.24 25; 1975 (No.2) s.34(5)
[^c21622151]: [S. 701(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/3A) inserted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 11(3)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/11/3), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21622161]: *Definition applied for purposes of* 1979(C)—*see* 1979(C) s.155(1).
[^c21622171]: [1925 c. 23](https://www.legislation.gov.uk/ukpga/1925/23).
[^c21622191]: Source-1970 s.426(1)
[^c22901571]: [S. 701(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/10A) inserted (with effect in accordance with [s. 76(6)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/6) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 76(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/5)
[^c22901591]: [S. 701(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/14) repealed (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 7](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/7), [Sch. 29 Pt. 8(10)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/10)
[^c22901901]: Words in [s. 701(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/3A) substituted (with effect in accordance with [s. 33(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/8)
[^c22901951]: Words in [s. 701(3A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/3A/b) renumbered as s. 701(3A)(b)(i) (with effect in accordance with [s. 33(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/11) of the amending Act) by virtue of [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(9)(a)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/9/a)
[^c22901961]: Words in [s. 701(3A)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/3A/b/i) inserted (with effect in accordance with [s. 33(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(9)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/9/b)
[^c22901931]: [S. 701(3A)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/3A/b/ii) added (with effect in accordance with [s. 33(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(9)(c)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/9/c)
[^c23770381]: Words in [s. 701(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/3A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 292(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/292/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770511]: Word at the end of s. 701(8)(a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 292(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/292/3/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770451]: [S. 701(8)(c)-(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/8/c) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 292(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/292/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770531]: Words in [s. 701(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 292(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/292/3/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770471]: Words in [s. 701(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/9) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 292(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/292/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770491]: Words in [s. 701(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/10) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 292(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/292/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770551]: Words in [s. 701(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/3A) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 152](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/152) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21622221]: Source-1970 s.433; 1987 Sch.15 2(15)
[^c23770681]: Words in [s. 702(a)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/702/a/d) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [96](https://www.legislation.gov.uk/uksi/2005/3229/regulation/96)
[^c22901691]: Words in [s. 699A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/1) inserted (with effect in accordance with [s. 21(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/21/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 21(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/21/2)
[^c22901711]: [S. 699A(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/1A/1B) inserted (with effect in accordance with [s. 21(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/21/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 21(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/21/3)
[^c22901741]: [S. 699A(4)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/4/c) and preceding word inserted (with effect in accordance with [s. 21(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/21/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 21(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/21/4)
[^c22901761]: Words in [s. 699A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/1A) inserted (with effect in accordance with [s. 33(10)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/10) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/3)
[^c22901781]: Word in [s. 699A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/2/b) substituted (with effect in accordance with [s. 33(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/4)
[^c22901821]: Words in [s. 699A(4)(a)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/4/a/c) substituted (with effect in accordance with [s. 33(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/5)
[^c23769451]: Words in [s. 699A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/4/b) substituted (with effect in accordance with [s. 173(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/173/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 35 para. 4](https://www.legislation.gov.uk/ukpga/2003/14/schedule/35/paragraph/4)
[^c23769471]: Words in [s. 699A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769511]: Words in [s. 699A(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/1A/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769591]: [S. 699A(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/1A/b) and preceding word repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769531]: Words in [s. 699A(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/4/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769551]: Words in [s. 699A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769571]: Word in [s. 699A(4)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/4/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769621]: [S. 699A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769641]: Words in [s. 699A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/4/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 151](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/151) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21622281]: Source—1970 s.460(1)-(3)
[^c21622311]: Source—1970 s.460(5)-(9)
[^c21622321]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c21622331]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c23211461]: [S. 703(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/3A) inserted (with effect in accordance with [Sch. 3 para. 32(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/32/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 32(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/32/2)
[^c23211481]: [S. 703(4)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/4) repealed (with effect in accordance with Sch. 3 para. 32(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 32(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/32/3), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23770941]: Word in [s. 703(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23770961]: Words in [s. 703(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23770991]: Word in [s. 703(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(2)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771011]: Word in [s. 703(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(2)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771031]: Words in [s. 703(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771051]: Word in [s. 703(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771071]: Word in [s. 703(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(3)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771121]: Word in [s. 703(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771091]: Words in [s. 703(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771141]: Words in [s. 703(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(4)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771391]: Words in [s. 703(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/3) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(4)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/4/d), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771171]: Words in [s. 703(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(4)(e)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/4/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771411]: [S. 703(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/3A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/5), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771191]: Words in [s. 703(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/9) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(6)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771221]: Words in [s. 703(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/9) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(6)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771261]: Word in [s. 703(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/9) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(6)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771281]: Word in [s. 703(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/10) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771431]: [S. 703(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/11) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(8)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/8), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771301]: Words in [s. 703(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/12) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(9)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/9/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771331]: Words in [s. 703(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/12) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(9)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/9/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771351]: Words in [s. 703(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/12) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(9)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/9/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21622341]: Source—1970 s.461; 1973 s.54, Sch.11 2(a), (b)
[^c22904151]: Words in [s.704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. D(2)(b) substituted (with effect in accordance with [s.175(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/175/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 175(1)-(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/175/1)
[^c23160831]: [S. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. A(e) repealed (with effect in accordance with s. 20 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c23288361]: [S. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) modified (9.3.1999) by [The Corporation Tax (Treatment of Unrelieved Surplus Advance Corporation Tax) Regulations 1999 (S.I. 1999/358)](https://www.legislation.gov.uk/uksi/1999/358), [regs. 1](https://www.legislation.gov.uk/uksi/1999/358/regulation/1), [23](https://www.legislation.gov.uk/uksi/1999/358/regulation/23)
[^c23211521]: [S. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. A(d) repealed (with effect in accordance with Sch. 3 para. 33(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 33(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/33/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23771491]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771511]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. A substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771531]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. A(a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771851]: [S. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. A(f)(g) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by virtue of [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(3)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/3/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771551]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. B(1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771571]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. B(1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771611]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. B(2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771631]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. C(1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(6)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771661]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. C(1)(b) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(6)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771681]: Word in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. C(1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(6)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771701]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. D(1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771721]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. E(1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(8)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/8/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771741]: Word in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. E(2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(8)(b)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/8/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771761]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. E(2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(8)(b)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/8/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771791]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. E(2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(8)(b)(iii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/8/b/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771811]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. E(3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(8)(c)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/8/c/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771831]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. E(3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(8)(c)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/8/c/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771881]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. D(2)(b) substituted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 7(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/7/7)
[^c21622351]: Source—1970 s.462
[^c23314111]: [S. 705(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/705/4) repealed (1.1.1994) by [The General and Special Commissioners (Amendment of Enactments) Regulations 1994 (S.I. 1994/1813)](https://www.legislation.gov.uk/uksi/1994/1813), [reg. 1(1)](https://www.legislation.gov.uk/uksi/1994/1813/regulation/1/1), [Sch. 1 para. 23](https://www.legislation.gov.uk/uksi/1994/1813/schedule/1/paragraph/23), [Sch. 2 Pt. 1](https://www.legislation.gov.uk/uksi/1994/1813/schedule/2/part/1)
[^c23211541]: [S. 705(6)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/705/6) repealed (with effect in accordance with Sch. 3 para. 34(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 34(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/34/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23771951]: Words in [s. 705(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/705/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 156(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/156/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771971]: Word in [s. 705(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/705/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 156(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/156/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771991]: Words in [s. 705(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/705/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 156(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/156/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772011]: Words in [s. 705(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/705/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 156(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/156/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21622391]: *See*—1970(M) s.6(1)—*declaration to be made by member of tribunal on appointment.*1989 s.182—*disclosure of information* (*in* Part II Vol.5).
[^c21622401]: [S. 706](https://www.legislation.gov.uk/ukpga/1988/1/section/706) renumbered as s. 706(1) (31.3.1995) by [Judicial Pensions and Retirement Act 1993 (c. 8)](https://www.legislation.gov.uk/ukpga/1993/8), [ss. 26](https://www.legislation.gov.uk/ukpga/1993/8/section/26), [31(2)](https://www.legislation.gov.uk/ukpga/1993/8/section/31/2), [Sch. 6 para.44](https://www.legislation.gov.uk/ukpga/1993/8/schedule/6/paragraph/44) (with [Sch. 7 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1993/8/schedule/7/paragraph/2/2), [3(2)](https://www.legislation.gov.uk/ukpga/1993/8/schedule/7/paragraph/3/2), [4](https://www.legislation.gov.uk/ukpga/1993/8/schedule/7/paragraph/4)); [S.I. 1995/631](https://www.legislation.gov.uk/uksi/1995/631), [art. 2](https://www.legislation.gov.uk/uksi/1995/631/article/2)
[^c21622411]: Source—1970 s.463; 1982 Sch.21 3(1)
[^c21622421]: [S. 706(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/706/2) added (31.3.1995) by [Judicial Pensions and Retirement Act 1993 (c. 8)](https://www.legislation.gov.uk/ukpga/1993/8), [ss. 26](https://www.legislation.gov.uk/ukpga/1993/8/section/26), [31(2)](https://www.legislation.gov.uk/ukpga/1993/8/section/31/2), [Sch. 6 para.44](https://www.legislation.gov.uk/ukpga/1993/8/schedule/6/paragraph/44) (with [Sch. 7 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1993/8/schedule/7/paragraph/2/2), [3(2)](https://www.legislation.gov.uk/ukpga/1993/8/schedule/7/paragraph/3/2), [4](https://www.legislation.gov.uk/ukpga/1993/8/schedule/7/paragraph/4)); [S.I. 1995/631](https://www.legislation.gov.uk/uksi/1995/631), [art. 2](https://www.legislation.gov.uk/uksi/1995/631/article/2)
[^c21622431]: Source—1970 s.464
[^c23772341]: Words in [s. 707(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/707/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 159(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/159/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772381]: Words in [s. 707(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/707/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 159(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/159/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772421]: Word in [s. 707(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/707/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 159(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/159/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21622441]: Source—1970 s.465
[^c23772441]: Words in [s. 708](https://www.legislation.gov.uk/ukpga/1988/1/section/708) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 160(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/160/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772471]: Word in [s. 708](https://www.legislation.gov.uk/ukpga/1988/1/section/708) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 160(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/160/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772491]: Words in [s. 708](https://www.legislation.gov.uk/ukpga/1988/1/section/708) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 160(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/160/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772531]: Word in [s. 708](https://www.legislation.gov.uk/ukpga/1988/1/section/708) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 160(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/160/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21622451]: *Definition applied for purposes of* 1990 Sch.10—*convertible securities.*
[^c21622461]: Source—1970 s.466(1); 1973 Sch.11 4
[^c21622471]: Source—1970 s.467; 1973 Sch.11 5
[^c23116391]: [S. 709(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/709/2A) inserted (with effect in accordance with [s. 73(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/73/2) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 73(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/73/1)
[^c23160851]: Words in [s. 709(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/709/2A) repealed (with effect in accordance with Sch. 4 para. 19(2), Sch. 8 Pt. 2(9) Note 2 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 19(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/19/1), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9)
[^c23772601]: Words in [s. 709(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/709/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 161(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/161/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772611]: Words in [s. 709(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/709/4/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 161(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/161/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772641]: Words in [s. 709(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/709/6/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 161(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/161/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772671]: Words in [s. 709(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/709/6/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 161(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/161/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772181]: Words in [s. 705A(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/705A/1/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 157(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/157/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772211]: Words in [s. 705A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/705A/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 157(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/157/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772231]: Words in [s. 705A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/705A/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 157(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/157/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772261]: Words in [s. 705A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/705A/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 157(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/157/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772281]: Words in [s. 705A(10)(11)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/705A/10/11/a/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 157(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/157/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772321]: Words in [s. 705B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/705B/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 158](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/158) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21625091]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c21625101]: Source—1985 Sch.23 44(1)-(5A); 1986 Sch.17 6
[^c23314541]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314551]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c23312501]: Words in [s. 728(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/728/7/a) substituted (1.12.2001) by [Financial Services and Markets Act 2000 (c. 8)](https://www.legislation.gov.uk/ukpga/2000/8). s. 431(2), Sch. 20 para. 4(5); [S.I. 2001/3538](https://www.legislation.gov.uk/uksi/2001/3538), [art. 2(1)](https://www.legislation.gov.uk/uksi/2001/3538/article/2/1)
[^c23773831]: Words in [s. 728(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/728/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 163(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/163/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23773891]: Words in [s. 728(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/728/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 163(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/163/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23773851]: Words in [s. 728(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/728/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 163(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/163/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23773871]: [S. 728(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/728/9) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 163(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/163/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21625181]: Source—1970 s.470; 1971 Sch.6 71
[^c23312721]: [S. 730(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/2A) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 51](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/51)
[^c23773951]: Words in [s. 730(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 300(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/300/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773971]: Words in [s. 730(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/4) and s. 730(4A)(4B) substituted for words in s. 730(4) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 300(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/300/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773991]: Word in [s. 730(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 300(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/300/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23774011]: Words in [s. 730(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 300(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/300/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23774031]: Words in [s. 730(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 300(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/300/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23774251]: Words in [s. 730](https://www.legislation.gov.uk/ukpga/1988/1/section/730) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(2)(b)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/2/b)
[^c23774091]: Words in [s. 730](https://www.legislation.gov.uk/ukpga/1988/1/section/730) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(2)(a)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/2/a)
[^c23774361]: Words in [s. 730(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/1/a) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(3)(a)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/3/a)
[^c23774381]: Words in [s. 730(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/1/b) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(3)(b)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/3/b)
[^c23774541]: [S. 730(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/1/c) repealed (with effect in accordance with Sch. 7 para. 2(13) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(3)(c)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/3/c), [Sch. 11 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/8), Note
[^c23774401]: [S. 730(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/2) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/4)
[^c23774571]: [S. 730(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/2A) repealed (with effect in accordance with Sch. 7 para. 2(13) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/5), [Sch. 11 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/8), Note
[^c23774421]: [S. 730(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/3) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/6)
[^c23774441]: Word in [s. 730(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/4) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/7)
[^c23774461]: Word in [s. 730(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/4A) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/8)
[^c23774481]: Word in [s. 730(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/4B) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/9)
[^c23006221]: Words in [s. 730(2)(4)(b)(6)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/2/4/b/6/8) substituted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 23](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/23) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c23774501]: [S. 730(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/7) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(10)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/10)
[^c23774591]: Words in [s. 730(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/8) repealed (with effect in accordance with Sch. 7 para. 2(13) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(11)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/11), [Sch. 11 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/8), Note
[^c23774611]: [S. 730(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/3) repealed (with effect in accordance with Sch. 6 para. 2(3) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 2(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/2/2), [Sch. 26 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/12), Note
[^c21625261]: Source—1970 s.471(1)-(5)
[^c21625271]: [S. 731(4A)(4B)(4C)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/4A/4B/4C) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 55(1)(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/55/1/2)
[^c21625281]: Words in [s. 731(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/4B) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(40)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/40) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21625291]: *See* s.343—*company reconstruction without change of ownership.*
[^c21625301]: Source—1970 s.471(6); 1973 sch.11 6; 1986 Sch.18 2(1)
[^c22902481]: [S. 731(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/9): words in definition of "interest" repealed (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 17(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/17/2), [Sch. 26 Pt. 5(16)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/16)
[^c22902501]: [S. 731(9A)-(9D)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/9A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 17(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/17/3)
[^c22903411]: Words in [s. 731(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2) substituted (with effect in accordance with [s. 81(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 81(3)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/3/a)
[^c23314571]: Word in [s. 731(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2) substituted (with effect in accordance with [s. 81(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 81(3)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/3/a)
[^c22903391]: [S. 731(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2A) inserted (with effect in accordance with [s. 81(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 81(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/2)
[^c22903431]: Word in [s. 731(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/3) substituted (with effect in accordance with [s. 81(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 81(3)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/3/b)
[^c23006291]: Words in [s. 731(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/3/b) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 36(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/36/a)
[^c22992721]: Words in [s. 731(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/3) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 36(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/36/b), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c23128461]: [S. 731(2B)-(2F)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2B) inserted (with application in accordance with [s. 77(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/77/2) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 77(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/77/1)
[^c23160891]: Words in [s. 731(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/9A) repealed (with effect in accordance with Sch. 6 para. 14(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch 6 para. 14(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/14/2), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23160911]: [S. 731(9B)-(9D)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/9B) repealed (with effect in accordance with Sch. 6 para. 14(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch 6 para. 14(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/14/3), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23775221]: Words in [s. 731(2D)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2D) substituted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 6](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/6)
[^c23775241]: Words in [s. 731(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 302(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/302/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23775261]: [S. 731(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/7A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 302(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/302/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23775281]: Words in [s. 731(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 167(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/167/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23775301]: [S. 731(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/9): words in definition of "securities" substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 167(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/167/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23775361]: Words in [s. 731(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2A) repealed (with effect in accordance with [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 6(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/6/2/a), [Sch. 27 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/14), Note
[^c23775321]: Words in [s. 731(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2A) inserted (with effect in accordance with [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/6/2/b)
[^c23775341]: [S. 731(2F)(2G)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2F/2G) substituted for s. 731(2F) (with effect in accordance with [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 6(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/6/3)
[^c21625331]: Source—1970 s.472; 1982 s.57; 1986 Sch.18 1, 3
[^c21625341]: [S. 732(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/2A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 56(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/56/1)
[^c21625351]: [S. 732(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/5A) inserted (retrospectively) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s.53(1)](https://www.legislation.gov.uk/ukpga/1990/29/section/53/1)
[^c21625361]: [S. 732(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/7) added by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 56(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/56/2)
[^c22992741]: [S. 732(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/3) repealed (with effect in accordance with s. 159(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(21)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/21), Note; [S.I. 1996/2646](https://www.legislation.gov.uk/uksi/1996/2646), [art. 2](https://www.legislation.gov.uk/uksi/1996/2646/article/2)
[^c23160951]: [S. 732(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/1A) inserted (with effect in accordance with [s. 26(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 26(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/2)
[^c23160971]: [S. 732(2)(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/2/2A) repealed (with effect in accordance with s. 26(8) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 26(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/3), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 2
[^c23161001]: Words in [s. 732(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/4) repealed (with effect in accordance with s. 26(8) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 26(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/3), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 2
[^c23161021]: [S. 732(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/4): definition of "overseas securities" substituted (with effect in accordance with [s. 26(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 26(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/5)
[^c23161041]: [S. 732(5)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/5) repealed (with effect in accordance with s. 26(8) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 26(6)(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/6/7), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 2
[^c23775381]: Words in [s. 732(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 303](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/303) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21625371]: Source—1970 s.473
[^c23775421]: [S. 733(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/733/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 168](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/168), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21625391]: Source—1970 s.474; 1973 Sch.11 7; 1979(C) Sch.7; 1978 s.30(7)
[^c21625401]: Words in [s. 734(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/734/2) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(41)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/41) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23775401]: Words in [s. 734(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/734/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 169](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/169) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21625411]: Source—1970 s.475; 1973 Sch.21 7
[^c23006311]: Words in [s. 735(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/735/3) inserted (with effect in accordance with [Sch. 38 para 9(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 9(1)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/1/a)
[^c23006331]: Words in [s. 735(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/735/3/a) substituted (with effect in accordance with [Sch. 38 para. 9(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 9(1)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/1/b)
[^c23006351]: Words in [s. 735(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/735/3/b) substituted (with effect in accordance with [Sch. 38 para. 9(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 9(1)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/1/c)
[^c23006371]: Words in [s. 735(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/735/4) substituted (with effect in accordance with Sch. 38 para, 9(4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 9(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/2)
[^c23006391]: Words in [s. 735(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/735/5) substituted (with effect in accordance with [Sch. 38 para. 9(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 9(3)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/3/a)
[^c23006411]: Words in [s. 735(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/735/5) inserted (with effect in accordance with [Sch. 38 para. 9(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 9(3)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/3/b)
[^c21625421]: Source—1970 s.476
[^c21625431]: *See* s.237—*disallowance of reliefs in respect of bonus issues etc.*
[^c23776361]: Words in [s. 736(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/736/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 170](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/170) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23312521]: Words in [s. 736B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/736B/2) inserted (with application in accordance with [s. 84(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/84/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 84(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/84/2)
[^c23312541]: [S. 736B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/736B/2A) inserted (with application in accordance with [s. 84(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/84/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 84(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/84/3)
[^c23776481]: [S. 736B](https://www.legislation.gov.uk/ukpga/1988/1/section/736B) modified (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 139(1)(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/139/1/3)
[^c23776461]: [S. 736B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/736B/4) inserted (with effect in accordance with [Sch. 6 para. 4(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/4/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 4(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/4/1)
[^c23776491]: Words in [s. 736B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/736B/2) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 171(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/171/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23776511]: Words in [s. 736B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/736B/2) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 171(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/171/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23776531]: Words in [s. 736B(2A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/736B/2A/a) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 171(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/171/3/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23776551]: Words in [s. 736B(2A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/736B/2A/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 171(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/171/3/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23776661]: [S. 736C(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/736C/14) inserted (with effect in accordance with [Sch. 6 para. 4(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/4/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 4(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/4/2)
[^c23776681]: Words in [s. 736C(2)(a)(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/736C/2/a/3/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 172(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/172/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23776741]: [S. 736C(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/736C/8) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 172(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/172/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23776721]: [S. 736C(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/736C/11): words in definition of "tax advantage" substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 172(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/172/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21625771]: Source—1986 Sch.18 4
[^c21625781]: [S. 738(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/738/2) repealed (with effect as mentioned in s. 58(3) of the repealing Act) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 58(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/2), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 13 para. 4](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/4), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 9; [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [reg. 5](https://www.legislation.gov.uk/uksi/1992/1346/regulation/5)
[^c21625831]: Source—1986 Sch.18 10(2)
[^c23151451]: [S. 738(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/738/3/4) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Note 3 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23161091]: [S. 738(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/738/1/a/b) repealed (with effect in accordance with s. 26 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note 2
[^c23312561]: Words in [s. 738(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/738/5) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 43](https://www.legislation.gov.uk/uksi/2001/3629/article/43)
[^c23217671]: Words in [s. 737D(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/737D/2) repealed (with effect in accordance with s. 102(10) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/3), [Sch. 27 Pt. 3(24)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/24), Note
[^c23781361]: [S. 737D(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/737D/2) modified (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 139(1)(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/139/1/6)
[^c23781371]: Word in [s. 737D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/737D/1) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 175(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/175/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781391]: Words in [s. 737D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/737D/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 175(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/175/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21626141]: [Pt. XVII Ch. IV](https://www.legislation.gov.uk/ukpga/1988/1/part/XVII/chapter/IV) (ss. 747-756) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 119(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/119/3)
[^c21626151]: Source—1984 s.82
[^c22903671]: [S. 747(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/4A/4B) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 3](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/3)
[^c23226861]: Words in [s. 747(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/1) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/2/a), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228081]: Words in [s. 747(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/1) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/2/b), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23227981]: Words in [s. 747(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/3) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23288481]: [S. 747A(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/747A/4/a) restricted (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1), [2(2)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/2/2); [S.I. 2003/1282](https://www.legislation.gov.uk/uksi/2003/1282), [art. 2](https://www.legislation.gov.uk/uksi/2003/1282/article/2)
[^c23228001]: Words in [s. 747(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/4/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/4/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228021]: Words in [s. 747(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/4/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228041]: Words in [s. 747(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/5) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/5/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228061]: Words in [s. 747(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/5) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/5/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23300801]: [S. 747](https://www.legislation.gov.uk/ukpga/1988/1/section/747) restricted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 54(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/54/1)
[^c23298411]: [S. 747(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/1A) inserted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 paras. 3](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/3), [9(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/1)
[^c23312831]: [S. 747](https://www.legislation.gov.uk/ukpga/1988/1/section/747) modified (with effect in accordance with Sch. 29 Pt. 14 of the modifying Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 116](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/116)
[^c23312811]: [S. 747(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/1B) inserted (1.4.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 90(1)(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/90/1/2/a) (with [s. 90(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/90/2/b))
[^c23783141]: [S. 747(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/4A/4B) repealed (with effect in accordance with Sch. 4 para. 24(2) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 11 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/6), Note
[^c23783171]: [S. 747(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/4/b) and preceding word repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 178](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/178), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23783201]: [S. 747(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/6) applied (6.4.2007 with effect in accordance with s. 1034(1) of the affecting Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 725(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/725/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23783211]: [S. 747(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/3A) inserted (with effect in accordance with [Sch. 15 para. 10](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/10) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 15 para. 1(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/1/2)
[^c23783231]: [S. 747(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/5A) inserted (with effect in accordance with [Sch. 15 para. 10](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/10) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 15 para. 1(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/1/3)
[^c21626161]: Source—1984 s.83
[^c22903731]: [S. 748(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/4/5) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 4](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/4)
[^c23071561]: Words in [s. 748(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/3/a) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/2)
[^c23228181]: Words in [s. 748(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/1) substituted (with effect in accordance with [Sch. 17 para 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228201]: Words in [s. 748(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/1/d) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228221]: [S. 748(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/1/e) and preceding word inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228241]: [S. 748(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/1A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228261]: [S. 748(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/2) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/27); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228281]: Word in [s. 748(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/3) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228301]: Words in [s. 748(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/3) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/8); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23312891]: [S. 748(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/6) inserted (with effect in accordance with [s. 89(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/89/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 89(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/89/1)
[^c23783361]: [S. 748(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/4/5) repealed (with effect in accordance with Sch. 4 para. 24(2) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 11 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/6), Note
[^c23783411]: [S. 748(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/1/c) and word repealed (with effect in accordance with Sch. 15 para. 10 of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 15 para. 8(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/8/1), [Sch. 27 Pt. 2(15)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/15), Note
[^c23783611]: [S. 749(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/749/10) inserted (with effect in accordance with [Sch. 15 para. 10](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/10) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 15 para. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/2)
[^c21626201]: Source—1984 s.85
[^c21626211]: Words in [s. 750(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/1) substituted (27.7.1993 with application in relation to accounting periods beginning on or after 16.3.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 119(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/119/1/2)
[^c22903781]: [S. 750(5)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/5) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/5)
[^c23228341]: Words in [s. 750(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/1) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/5/2/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228361]: Words in [s. 750(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/1) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 5(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/5/2/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228381]: [S. 750(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/3/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 5(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/5/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23307091]: Words in [s. 750(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/3/b) repealed (with effect in accordance with Sch. 30 of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c23783811]: [S. 750(5)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/5) repealed (with effect in accordance with Sch. 4 para. 24(2) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 11 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/6), Note
[^c23783861]: Words in [s. 750(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/1) inserted (with effect in accordance with [s. 44(4)-(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/44/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 44(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/44/2)
[^c23783881]: [S. 750(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/1A/1B) inserted (with effect in accordance with [s. 44(4)-(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/44/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 44(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/44/3)
[^c23783901]: [S. 750(3)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/3/ab) inserted (with effect in accordance with [Sch. 15 para. 10](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/10) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 15 para. 4](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/4)
[^c21626221]: Source—1984 s.86
[^c21626231]: 1990 s.89*and* Sch.14 para.9 (*correction of errors*)—*deemed always to have had effect. Previously* “the persons”.
[^c21626241]: 1990 s.67(2), (4)*on and after* 20*March* 1990.
[^c22902641]: [S. 751(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/2/bb) repealed (retrospective to 30.11.1993) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 251(1)(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/251/1/4), [Sch. 26 Pt. 8](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/8), Note
[^c23784011]: [S. 751(1)-(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/1) applied (6.4.2007 with effect in accordance with s. 1034(1) of the affecting Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 725(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/725/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23228401]: Words in [s. 751(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/1/b) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/2/a), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228421]: Words in [s. 751(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/1/b) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/2/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228441]: Words in [s. 751(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by virtue of [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/3/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228461]: Words in [s. 751(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by virtue of [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/3/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228481]: Words in [s. 751(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/5) substituted (with effect in accordance with Sch. 17 para. 37 of amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/4/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228501]: Words in [s. 751(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/5) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/4/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228531]: [S. 751(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/5A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228551]: Words in [s. 751(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/6) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/6); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21626271]: *See* 1970(M) s.55(1)(g)*and* (6A).
[^c21626281]: Source—1984 s.89(1)-(4), (7)-(11)
[^c23228631]: Words in [s. 754(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/1) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/2/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228841]: Words in [s. 754(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/1) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/2/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228861]: [S. 754(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/1A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228651]: [S. 754(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/2) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228881]: [S. 754(2A)-(2E)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/2A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228671]: [S. 754(3)-(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/3) substituted for s. 754(3) (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/6); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228981]: [S. 754(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/4) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/7), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228691]: Words in [s. 754(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/6) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(8)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/8/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228771]: Words in [s. 754(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/6/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(8)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/8/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228901]: Words in [s. 754(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/6/b) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(8)(c)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/8/c); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228921]: Words in [s. 754(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/6) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(8)(d)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/8/d); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228941]: Words in [s. 754(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/7/a) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(9)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/9/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228791]: Words in [s. 754(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/7/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(9)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/9/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228961]: Words in [s. 754(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/7/b) added (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(9)(c)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/9/c); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228821]: Word in [s. 754(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/8) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(10)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/10); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21626301]: Source—1984 s.91
[^c23229231]: [S. 756(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/756/1): definition of "company tax return" inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 16](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/16); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23312381]: [S. 756(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/756/3/a) repealed (with effect in accordance with Sch. 31 para. 9(3) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 4(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/4/2/a), [Sch. 40 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/14), Note
[^c23312401]: Words in [s. 756(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/756/3) repealed (with effect in accordance with Sch. 31 para. 9(3) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/4/2/b), [Sch. 40 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/14), Note
[^c23787401]: [S. 756(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/756/1A/1B) inserted (with effect in accordance with [Sch. 15 para. 10](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/10) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 15 para. 6](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/6)
[^c23316391]: [Pt. 17 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/17/chapter/4) modified (10.6.1999) by The Non-resident [Companies (General Insurance Business) Regulations 1999 (S.I. 1999/1408)](https://www.legislation.gov.uk/uksi/1999/1408), [regs. 3-6](https://www.legislation.gov.uk/uksi/1999/1408/regulation/3)
[^c23783671]: [S. 749A(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/749A/9) inserted (with effect in accordance with [Sch. 15 para. 10](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/10) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 15 para. 3](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/3)
[^c23229181]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c23314601]: [S. 755A](https://www.legislation.gov.uk/ukpga/1988/1/section/755A) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [18](https://www.legislation.gov.uk/uksi/1998/1871/regulation/18)
[^c23288531]: [S. 755A](https://www.legislation.gov.uk/ukpga/1988/1/section/755A) modified by the [Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 30B](https://www.legislation.gov.uk/uksi/1997/473/regulation/30B) (as inserted (13.10.1999) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1999 (S.I. 1999/2636)](https://www.legislation.gov.uk/uksi/1999/2636), [regs. 1](https://www.legislation.gov.uk/uksi/1999/2636/regulation/1), [4](https://www.legislation.gov.uk/uksi/1999/2636/regulation/4); and as that reg. 30B is amended by [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [24](https://www.legislation.gov.uk/uksi/2004/822/regulation/24))
[^c23312581]: Words in [s. 755A(1)(c)(5)(7)(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/1/c/5/7/12) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(j)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/j)
[^c23785881]: [S. 755A](https://www.legislation.gov.uk/ukpga/1988/1/section/755A) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [16](https://www.legislation.gov.uk/uksi/2004/2680/regulation/16); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23785891]: [S. 755A](https://www.legislation.gov.uk/ukpga/1988/1/section/755A) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [22](https://www.legislation.gov.uk/uksi/2005/2014/regulation/22) (as amended by [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [21](https://www.legislation.gov.uk/uksi/2007/2134/regulation/21))
[^c23785811]: Words in [s. 755A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/3) substituted (with effect in accordance with [Sch. 33 para. 13(11)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/13/11) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 13(8)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/13/8)
[^c23785851]: [S. 755A(11)-(11C)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/11) substituted for s. 755A(11) (with effect in accordance with [Sch. 33 para. 13(11)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/13/11) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 13(9)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/13/9)
[^c23785931]: [S. 755A(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/4A) inserted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [8(a)](https://www.legislation.gov.uk/uksi/2006/3270/article/8/a)
[^c23785951]: Words in [s. 755A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/8) omitted (31.12.2006 with effect in accordance with art. 1(2) of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [8(b)](https://www.legislation.gov.uk/uksi/2006/3270/article/8/b)
[^c23785971]: [S. 755A(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/9) omitted (31.12.2006 with effect in accordance with art. 1(2) of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [8(c)](https://www.legislation.gov.uk/uksi/2006/3270/article/8/c)
[^c23786071]: Words in [s. 755A(2)(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/2/6/a) substituted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 10](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/10) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23785991]: Words in [s. 755A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/4) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 47(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/47/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23786031]: Words in [s. 755A(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/6/c) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 47(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/47/3) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23786921]: [S. 755A(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/12): definition of "long-term insurance fund" repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 14(2)(d)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/14/2/d), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23786051]: [S. 755A(13)(a)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/13/a/ba) substituted for s. 755A(13)(a)-(d) (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/47/4) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23229201]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c23229211]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c23312621]: [S. 755B(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/755B/6) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 44](https://www.legislation.gov.uk/uksi/2001/3629/article/44)
[^c23783031]: [Pt. 17 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/17/chapter/4) modified (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 45(5)(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/45/5/6)
[^c23783571]: Words in [s. 748A(1)(c)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/748A/1/c/2) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23783591]: [S. 748ZA(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/748ZA/5/a) omitted (with effect in accordance with Sch. 5 paras. 6(3), 7(3)(4) of the repealing Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 5 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/5/paragraph/7/2/a)
[^c21626341]: Source—1984 s.92(1), (7)
[^c21626351]: Words in [s. 757(1)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/1) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(43)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/43) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21626361]: Source—1984 s.92(2)-(6), (8)
[^c21626441]: 1990 s.89*and* Sch.14 para.10 (*correction of errors*)—*deemed always to have had effect.*
[^c23788311]: [S. 757](https://www.legislation.gov.uk/ukpga/1988/1/section/757) modified (24.2.2003) by [Proceeds of Crime Act 2002 (c. 29)](https://www.legislation.gov.uk/ukpga/2002/29), [s. 458(1)](https://www.legislation.gov.uk/ukpga/2002/29/section/458/1), [Sch. 10 para. 7](https://www.legislation.gov.uk/ukpga/2002/29/schedule/10/paragraph/7) (with [Sch. 10 para. 10](https://www.legislation.gov.uk/ukpga/2002/29/schedule/10/paragraph/10)); [S.I. 2003/120](https://www.legislation.gov.uk/uksi/2003/120), [art. 2](https://www.legislation.gov.uk/uksi/2003/120/article/2), [Sch.](https://www.legislation.gov.uk/uksi/2003/120/schedule) (with [arts. 3](https://www.legislation.gov.uk/uksi/2003/120/article/3), [4](https://www.legislation.gov.uk/uksi/2003/120/article/4) (as amended by [S.I. 2003/333](https://www.legislation.gov.uk/uksi/2003/333), [art. 14](https://www.legislation.gov.uk/uksi/2003/333/article/14)))
[^c23312931]: [S. 757(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/5/6) substituted (with effect in accordance with Sch. 9 paras. 7, 8(1) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/5)
[^c23789391]: Words in [s. 757(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/1/b) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 4(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/4/2)
[^c23789431]: Words in [s. 757(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/5) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 4(3)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/4/3/a)
[^c23789451]: Words in [s. 757(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/5) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 4(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/4/3/b)
[^c23789471]: Words in [s. 757(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/6) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 4(4)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/4/4/a)
[^c23789491]: Words in [s. 757(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/6) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 4(4)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/4/4/b)
[^c21626481]: Source—1984 s.93
[^c21626491]: Words in [s. 758(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/758/5/6) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(44)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/44) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23312951]: Words in [s. 758(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/758/6) substituted (with effect in accordance with Sch. 9 paras. 7, 8(3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/6)
[^c23789551]: [S. 758](https://www.legislation.gov.uk/ukpga/1988/1/section/758) applied (with modifications) (22.10.2004 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Offshore Funds Regulations 2004 (S.I. 2004/2572)](https://www.legislation.gov.uk/uksi/2004/2572), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2572/regulation/1/1), [3](https://www.legislation.gov.uk/uksi/2004/2572/regulation/3)
[^c23789531]: [S. 758(7)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/758/7/8) inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/5)
[^c21626561]: Source—1984 s.94
[^c21626571]: Words in [s. 759(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/9) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(45)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/45) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22903881]: [S. 759(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/1A) inserted (with application in accordance with [s. 134(8)](https://www.legislation.gov.uk/ukpga/1995/4/section/134/8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 134(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/134/3)
[^c23789561]: [S. 759(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/1/1A) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 6(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/6/2), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c23789591]: Words in [s. 759(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/2) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 6(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/6/3) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23789611]: Words in [s. 759(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/3) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 6(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/6/4) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23789631]: Words in [s. 759(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/5) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 6(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/6/5) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23789651]: Words in [s. 759(6)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/6/8) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 6(6)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/6/6/a) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23789681]: Words in [s. 759(6)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/6/8) inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 6(6)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/6/6/b) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c21626601]: Source—1984 s.95
[^c23789871]: [S. 760](https://www.legislation.gov.uk/ukpga/1988/1/section/760) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17)
[^c23789771]: [S. 760(3)(b)-(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/760/3/b) and preceding word repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 13(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/13/2), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c23789821]: [S. 760(4)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/760/4) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 13(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/13/3), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c23789711]: Words in [s. 760(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/760/10/a) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/7/2/a) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23789731]: Words in [s. 760(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/760/10/b) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/7/2/b) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23789751]: [S. 760(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/760/10A) inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 7(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/7/3) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c21626641]: Source—1984 s.96; 1987 Sch.15 16(1)
[^c21626651]: 1990 s.89*and* Sch.14 para.11 (*correction of errors)*—*deemed always to have had effect. Previously* “and Schedule.”
[^c21626661]: Words in [s. 761(2)(3)(5)(6)(7)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/2/3/5/6/7/a/b) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(47)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/47) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21626691]: [S. 761(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/4) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch.12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c23789881]: Words in [s. 761(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 308(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/308/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23789901]: [S. 761(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/1A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 308(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/308/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23789921]: Words in [s. 761(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/2) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(1)(a)(i)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/1/a/i)
[^c23789941]: Words in [s. 761(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/2) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(1)(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/1/a/ii)
[^c23789961]: Words in [s. 761(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/3) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(1)(b)(i)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/1/b/i)
[^c23789981]: Words in [s. 761(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/3) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/1/b/ii)
[^c23790001]: Words in [s. 761(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/3) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(1)(b)(iii)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/1/b/iii)
[^c23790021]: [S. 761(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/7/b) substituted (with effect in accordance with [Sch. 12 para. 47(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/47/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 47(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/47/1)
[^c23790041]: Words in [s. 761(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/6) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 179(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/179/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23790061]: Words in [s. 761(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/6) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 179(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/179/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23790101]: Words in [s. 761(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/6) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 179(2)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/179/2/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23790081]: [S. 761(6A)-(6C)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/6A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 179(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/179/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21626751]: Source—1984 s.97
[^c21626761]: Words in [s. 762(1)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/762/1) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(48)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/48) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23790231]: Words in [s. 762(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/762/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 309(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/309/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23790251]: Words in [s. 762(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/762/5/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 180(a)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/180/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23790271]: Words in [s. 762(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/762/5/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 180(a)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/180/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23790291]: Words in [s. 762(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/762/6) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 180(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/180/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21626851]: Source—1984 s.98
[^c21626861]: Words in [s. 763(1)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/763/1) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(49)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/49) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23790431]: Words in [s. 763(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/763/6) substituted (with retrospective effect in accordance with [Sch. 26 para. 16(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/16/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 16(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/16/1) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23790411]: [S. 763(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/763/6A) inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 15(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/15/2) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23790451]: [S. 763(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/763/8) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 181](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/181) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23788281]: [Ss. 756A-756C](https://www.legislation.gov.uk/ukpga/1988/1/section/756A) applied (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 489](https://www.legislation.gov.uk/ukpga/2009/4/section/489) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23788261]: [S. 756A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/756A/3/4) substituted for s. 756A(3) (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 57(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/57/2)
[^c23788291]: [Ss. 756A-756C](https://www.legislation.gov.uk/ukpga/1988/1/section/756A) applied (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 489](https://www.legislation.gov.uk/ukpga/2009/4/section/489) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23788301]: [Ss. 756A-756C](https://www.legislation.gov.uk/ukpga/1988/1/section/756A) applied (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 489](https://www.legislation.gov.uk/ukpga/2009/4/section/489) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c21627011]: *Provisions of this section employed in* 1988(F) ss.105, 130*and* Sch.7.
[^c21627021]: Source—1970 s.482(1)-(4)
[^c21627031]: 1990 s.68(1), (4)*in relation to transactions carried out on or after* 1*July* 1990.
[^c21627041]: *Repealed by* 1988(F) ss.105(6), 148*and* Sch.14 Part IV*from* 15*March* 1988.*And see* 1988(F) ss.61, 130-132*and* Sch.7*for new requirements for companies from* 15*March* 1988.
[^c21627051]: 1988(F) s.105(6)*from* 15*March* 1988.*Previously* “so resident”.
[^c21627071]: O.J. No. L178/5
[^c21627081]: Source—1970 s.482(5)
[^c21627091]: Source—1970 s.482(6)
[^c21627101]: Source—1970 s.482(11)
[^c21627111]: Source—1970 s.482(7)
[^c21627121]: Source—1970 s.482(8)-(10)
[^c21627131]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*from* 15*March* 1988*subject to* 1988(F) s.105(6).
[^c21627141]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c21627151]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*from* 15*March* 1988*subject to* 1988(F) s.105(6).
[^c21627161]: Source—1970 s.482(12)
[^c21627171]: Source—1970 s.483(1)-(7)
[^c21627191]: *See* s.245—*calculation etc. of* ACT*on change of ownership.*
[^c23791281]: [Ss. 768](https://www.legislation.gov.uk/ukpga/1988/1/section/768), [768D](https://www.legislation.gov.uk/ukpga/1988/1/section/768D) modified (8.6.2005) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 para. 11](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/11); [S.I. 2005/1444](https://www.legislation.gov.uk/uksi/2005/1444), [art. 2(1)](https://www.legislation.gov.uk/uksi/2005/1444/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2005/1444/schedule/1)
[^c23791371]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791451]: [Ss. 768-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/768) modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 30](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/30)
[^c23312661]: Words in [s. 768(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/768/6) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 55](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/55)
[^c21627271]: *See* s.245—*calculation etc. of* ACT*on change of ownership.*
[^c21627281]: Source—1970 s.484
[^c21627341]: [S. 769(6)-(6C)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/6) substituted (*in relation to change of ownership occurring on or after* 14*March* 1989) by [Finance Act 1989 (c. 26, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 100(2)](https://www.legislation.gov.uk/ukpga/1989/26/section/100/2).
[^c21627351]: *Repealed by* 1989 ss.100(3), 187*and* Sch.17 Part IV*where the change of ownership of a company would be treated as occurring on or after* 14*March* 1989.
[^c21627361]: *Repealed by* 1989 ss.100(3), 187*and* Sch.17 Part IV*where the change of ownership of a company would be treated as occurring on or after* 14*March* 1989.
[^c22902721]: [S. 769(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/2A) inserted (with effect in accordance with [s. 135(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/135/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 135(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/135/4)
[^c22902741]: [S. 769(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/9) inserted (with effect in accordance with [s. 135(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/135/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 135(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/135/5)
[^c22903911]: Words in [s. 769(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/1) substituted (with application in accordance with [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 26 para. 4(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/4/2)
[^c22903991]: Words in [s. 769(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/2/d) substituted (with application in accordance with [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 26 para. 4(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/4/2)
[^c22903951]: [S. 769(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/3A) inserted (with application in accordance with [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/5) of the amending Act)) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 26 para. 4(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/4/3)
[^c22903971]: Words in [s. 769(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/4) substituted (with application in accordance with [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 26 para. 4(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/4/4)
[^c22904001]: Words in [s. 769(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/5) substituted (with application in accordance with [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 26 para. 4(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/4/2)
[^c23082371]: Words in [s. 769(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/2/d) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 37(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/37/a)
[^c22992841]: Words in [s. 769(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/2/d) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 37(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/37/b), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c23229421]: Word in [s. 769(1)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/1/5) inserted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/5/a)
[^c23229491]: Words in [s. 769(1)(2)(d)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/1/2/d/5) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 32(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/32/a) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23314631]: Word in [s. 769(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/2/d) inserted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/5/b)
[^c23229461]: Words in [s. 769(2A)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/2A/9) inserted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(5)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/5/c)
[^c23229531]: Words in [s. 769(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/3) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 32(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/32/b) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23229551]: Words in [s. 769(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/4) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 32(c)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/32/c) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23791381]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791331]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791351]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23229371]: [S. 767B(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/767B/1A) inserted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/1)
[^c23229381]: Words in [s. 767B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/767B/2) inserted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/2/a)
[^c23229391]: Words in [s. 767B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/767B/2) inserted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/2/b)
[^c23229401]: Words in [s. 767B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/767B/4) substituted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/3)
[^c23229411]: Words in [s. 767B(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/767B/10) substituted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/4)
[^c23076701]: [S. 768B(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/10) substituted for s. 768B(10)(11) (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 39(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/39/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23077761]: Words in [s. 768B(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/13) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 39(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/39/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23312681]: Words in [s. 768B(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/8) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 56](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/56)
[^c23312971]: Words in [s. 768B(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/10) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 9(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/9/a) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23313001]: Words in [s. 768B(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/13) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 9(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/9/b) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23791251]: [Ss. 768B](https://www.legislation.gov.uk/ukpga/1988/1/section/768B), [768C](https://www.legislation.gov.uk/ukpga/1988/1/section/768C) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 43(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/43/7)
[^c23790871]: Words in [s. 768B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/1) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/2)
[^c23790891]: Words in [s. 768B(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/6/a) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(3)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/3/a)
[^c23790911]: Words in [s. 768B(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/6) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/3/b)
[^c23790931]: Words in [s. 768B(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/8) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/4)
[^c23790951]: Words in [s. 768B(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/9/a) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/5)
[^c23790971]: Words in [s. 768B(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/14) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/6)
[^c23791391]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791471]: [Ss. 768-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/768) modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 30](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/30)
[^c23791291]: Words in [s. 768B(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/10) inserted (with effect in accordance with [Sch. 7 para. 3(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/9) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 3(1)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/1)
[^c23082351]: [S. 768C(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/9) substituted for s. 768C(9)(10) (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 40](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/40) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23313021]: Words in [s. 768C(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/9) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 10](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/10) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23313041]: [S. 768C(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/13) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 4(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/4/2)
[^c23791261]: [Ss. 768B](https://www.legislation.gov.uk/ukpga/1988/1/section/768B), [768C](https://www.legislation.gov.uk/ukpga/1988/1/section/768C) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 43(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/43/7)
[^c23791011]: Words in [s. 768C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/1) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 4(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/4/2)
[^c23791031]: Words in [s. 768C(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/7/a) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 4(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/4/3)
[^c23791051]: [S. 768C(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/12): definition substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 4(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/4/4)
[^c23791401]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791481]: [Ss. 768-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/768) modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 30](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/30)
[^c23791311]: Words in [s. 768C(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/9) inserted (with effect in accordance with [Sch. 7 para. 3(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/9) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 3(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/2)
[^c23791341]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791361]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23229631]: [1970 c. 9](https://www.legislation.gov.uk/ukpga/1970/9).
[^c23791271]: [Ss. 768](https://www.legislation.gov.uk/ukpga/1988/1/section/768), [768D](https://www.legislation.gov.uk/ukpga/1988/1/section/768D) modified (8.6.2005) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 para. 11](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/11); [S.I. 2005/1444](https://www.legislation.gov.uk/uksi/2005/1444), [art. 2(1)](https://www.legislation.gov.uk/uksi/2005/1444/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2005/1444/schedule/1)
[^c23791411]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791491]: [Ss. 768-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/768) modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 30](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/30)
[^c23791071]: Words in [s. 768D(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/768D/1/a) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/5/2/a)
[^c23791091]: Words in [s. 768D(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/768D/1/b) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 5(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/5/2/b)
[^c23791111]: Words in [s. 768D(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/768D/4/a) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 5(3)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/5/3/a)
[^c23791131]: Words in [s. 768D(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/768D/4/b) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 5(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/5/3/b)
[^c23791151]: Words in [s. 768D(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/768D/6) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 5(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/5/4)
[^c23791191]: [S. 768D(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/768D/8/b) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 5(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/5/5)
[^c23791421]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791501]: [Ss. 768-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/768) modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 30](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/30)
[^c23791211]: Words in [s. 768E(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/768E/1) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 6(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/6/2)
[^c23791231]: Words in [s. 768E(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/768E/7) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 6(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/6/3)
[^c21627451]: Source—1970 s.486
[^c23793501]: Words in [s. 774(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/774/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 310(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/310/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23793521]: Words in [s. 774(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/774/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 310(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/310/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21627481]: Source—1970 s.488; 1979(C) Sch.7
[^c23261011]: Words in [s. 776(6)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/6/a/b) substituted (31.7.1998) by [Finance Act 1998 (c. 6)](https://www.legislation.gov.uk/ukpga/1998/6), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/6/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/6/schedule/7/paragraph/1)
[^c23795051]: Word in [s. 776(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/6) substituted (S.) (28.11.2004) by [Abolition of Feudal Tenure etc. (Scotland) Act 2000 (asp 5)](https://www.legislation.gov.uk/asp/2000/5), [ss. 71](https://www.legislation.gov.uk/asp/2000/5/section/71), [77(2)](https://www.legislation.gov.uk/asp/2000/5/section/77/2), [Sch. 12 para. 50(4)](https://www.legislation.gov.uk/asp/2000/5/schedule/12/paragraph/50/4); [S.S.I. 2003/456](https://www.legislation.gov.uk/ssi/2003/456), [art. 2](https://www.legislation.gov.uk/ssi/2003/456/article/2)
[^c23795151]: Words in [s. 776(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/3/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 312(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/312/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23795071]: [S. 776(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/3A/3B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 312(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/312/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23795111]: Words in [s. 776(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/6/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 312(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/312/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23795171]: Word in [s. 776(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23795191]: Words in [s. 776(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23795211]: Words in [s. 776(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/3/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796031]: [S. 776(3A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/3A/a) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796051]: [S. 776(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/3B) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/5), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796071]: Words in [s. 776(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/6/a) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(6)(a)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/6/a/i), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23795231]: Word in [s. 776(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/6/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(6)(a)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/6/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796091]: Words in [s. 776(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/6/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(6)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/6/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796111]: Words in [s. 776(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/7) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(7)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/7/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23795251]: Words in [s. 776(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/7) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(7)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23795271]: Words in [s. 776(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/8) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(8)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/8/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23795291]: Words in [s. 776(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/8) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(8)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/8/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796161]: [S. 776(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/9) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(9)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/9), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23795651]: Words in [s. 776(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/11) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(10)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/10/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23795961]: Word in [s. 776(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/11) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(10)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/10/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23795981]: Words in [s. 776(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/11) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(10)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/10/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796011]: Word in [s. 776(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/11) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(10)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/10/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21627521]: Source—1970 s.489; 1979(C) Sch.7
[^c21627531]: Words in [s. 777(11)(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/11/12) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(51)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/51) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23796301]: Words in [s. 777(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/10) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 313(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/313/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23796321]: Words in [s. 777(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796341]: Words in [s. 777(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796361]: Words in [s. 777(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796381]: Words in [s. 777(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796401]: Words in [s. 777(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/6) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(5)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796421]: Words in [s. 777(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/6/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(5)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796441]: Words in [s. 777(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/7) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796461]: Words in [s. 777(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/8) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(7)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796481]: Words in [s. 777(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/8) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(7)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796501]: Words in [s. 777(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/8/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(7)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/7/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796531]: Words in [s. 777(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/8/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(7)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/7/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796681]: Words in [s. 777(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/8) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(7)(e)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/7/e), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796701]: [S. 777(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/9) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(8)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/8), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796561]: Words in [s. 777(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/10) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(9)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/9) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796581]: Word in [s. 777(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/11) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(10)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/10) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796601]: [S. 777(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/12) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(11)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/11) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796621]: Words in [s. 777(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/13) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(12)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/12/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796741]: Words in [s. 777(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/13) inserted (retrospective to 6.4.2007 and with effect in accordance with art. 1(2) of the amending S.I.) by [The Income Tax Act 2007 (Amendment) (No. 2) Order 2009 (S.I. 2009/2859)](https://www.legislation.gov.uk/uksi/2009/2859), [arts. 1](https://www.legislation.gov.uk/uksi/2009/2859/article/1), [2(3)(a)](https://www.legislation.gov.uk/uksi/2009/2859/article/2/3/a)
[^c23796641]: [S. 777(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/13): definition of "capital" substituted for definition of "capital amount" (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by virtue of [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(12)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/12/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796761]: [S. 777(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/13): words in definition of "capital" substituted (retrospective to 6.4.2007 and with effect in accordance with art. 1(2) of the amending S.I.) by [The Income Tax Act 2007 (Amendment) (No. 2) Order 2009 (S.I. 2009/2859)](https://www.legislation.gov.uk/uksi/2009/2859), [arts. 1](https://www.legislation.gov.uk/uksi/2009/2859/article/1), [2(3)(b)](https://www.legislation.gov.uk/uksi/2009/2859/article/2/3/b)
[^c23796721]: Words in [s. 777(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/13) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(12)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/12/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21627551]: Source—1970 s.490
[^c21627561]: *See* S.I.[1989 No.1343](https://www.legislation.gov.uk/ukcm/1989/1343) (N.I.14) Sch.1 para.38(3)*for construction in the case of a solicitor who is an officer or employee of a recognised body.*
[^c23796781]: Words in [s. 778(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/778/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 186(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/186/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796801]: Words in [s. 778(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/778/2/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 186(b)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/186/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796821]: Words in [s. 778(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/778/2/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 186(b)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/186/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22902761]: [S. 779](https://www.legislation.gov.uk/ukpga/1988/1/section/779) restricted (11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 23](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/23)
[^c21627571]: Source—1970 s.491
[^c22902821]: [S. 779(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/1/2) excluded (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 24(8)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/24/8) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c23082471]: [S. 779](https://www.legislation.gov.uk/ukpga/1988/1/section/779) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 22](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/22) (with [s. 43(6)](https://www.legislation.gov.uk/ukpga/1996/55/section/43/6))
[^c22904051]: [S. 779(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/1/2) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 10](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/10)
[^c22904011]: Words in [s. 779(13)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/a) repealed (with effect in accordance with s. 39(4)(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 27](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/27), [Sch. 29 Pt. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/1), Note
[^c23312471]: [S. 779](https://www.legislation.gov.uk/ukpga/1988/1/section/779) excluded (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [s. 425(2)](https://www.legislation.gov.uk/ukpga/1999/29/section/425/2), [Sch. 33 para. 13(1)](https://www.legislation.gov.uk/ukpga/1999/29/schedule/33/paragraph/13/1); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), [art. 2](https://www.legislation.gov.uk/uksi/1999/3434/article/2)
[^c23264461]: Words in [s. 779(13)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/b) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23796881]: Words in [s. 779(13)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/e) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 101](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/101) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23796901]: Words in [s. 779(13)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/d) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 32(2)
[^c23796921]: Words in [s. 779(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/10) renumbered as s. 779(10)(a) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by virtue of [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23796941]: Words in [s. 779(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/10/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23796961]: Words in [s. 779(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/10/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23796981]: [S. 779(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/10/b) and preceding word inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797001]: Words in [s. 779(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/10) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(2)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/2/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797021]: [S. 779(13)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/aa) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797061]: Words in [s. 779(13)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/c) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797041]: [S. 779(13)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/ca) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797081]: Words in [s. 779(13)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/ca) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 187(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/187/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23797101]: Words in [s. 779(13)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/ca) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 187(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/187/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23082491]: [S. 780](https://www.legislation.gov.uk/ukpga/1988/1/section/780) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 23](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/23) (with [s. 43](https://www.legislation.gov.uk/ukpga/1996/55/section/43))
[^c21627581]: Source—1972 s.80
[^c23269121]: Words in [s. 780(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/780/3/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23797221]: Words in [s. 780(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/780/3/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 315(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/315/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797241]: [S. 780(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/780/3A/3B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 315(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/315/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797261]: [S. 780(3C)](https://www.legislation.gov.uk/ukpga/1988/1/section/780/3C) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 188](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/188) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22902841]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) modified (11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 19(1)-(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/19/1)
[^c22902861]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) excluded (11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 19(6)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/19/6)
[^c22902921]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) modified (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 18(1)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/18/1) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c22904071]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) modified (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 11(1)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/11/1)
[^c21627591]: Source—1970 s.492 (1)-(5), (7)-(9); 1971 Sch.8 16(7)
[^c21627601]: *See* 1979(C) s.106*and* Sch.3 para.9—*amounts charged under* s.781*to be excluded in computing capital gains.*
[^c23082531]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) modified (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 24(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/24/1) (with [s. 43](https://www.legislation.gov.uk/ukpga/1996/55/section/43))
[^c23082391]: Words in [s. 781(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/8) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 21(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/21/2)
[^c23082411]: [S. 781(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/8A) inserted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 21(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/21/3)
[^c23312441]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) excluded (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [s. 425(2)](https://www.legislation.gov.uk/ukpga/1999/29/section/425/2), [Sch. 33 para. 13(2)](https://www.legislation.gov.uk/ukpga/1999/29/schedule/33/paragraph/13/2); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), [art. 2](https://www.legislation.gov.uk/uksi/1999/3434/article/2)
[^c23271011]: Words in [s. 781(4)(a)(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/4/a/5/b) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23312701]: Words in [s. 781(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/9) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 57](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/57)
[^c23797301]: Words in [s. 781(4)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/4/d) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 102](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/102) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23797321]: Words in [s. 781(4)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/4/c) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 33(2)
[^c23797401]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) modified (8.6.2005) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 paras. 8](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/8), [20](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/20); [S.I. 2005/1444](https://www.legislation.gov.uk/uksi/2005/1444), [art. 2(1)](https://www.legislation.gov.uk/uksi/2005/1444/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2005/1444/schedule/1)
[^c23797341]: Words in [s. 781(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 316(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/316/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797361]: [S. 781(4)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/4/ab) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 316(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/316/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797381]: Words in [s. 781(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/4/b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 316(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/316/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797471]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 paras. 16](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/16), [25](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/25)
[^c23797451]: [S. 781(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/1A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 189(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/189/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23797411]: Words in [s. 781(4)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/4/ab) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 189(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/189/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23797431]: Words in [s. 781(4)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/4/ab) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 189(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/189/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22902941]: [S. 782](https://www.legislation.gov.uk/ukpga/1988/1/section/782) excluded (11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 19(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/19/5)
[^c22902961]: [S. 782](https://www.legislation.gov.uk/ukpga/1988/1/section/782) excluded (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 18(2)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/18/2) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c22904091]: [S. 782](https://www.legislation.gov.uk/ukpga/1988/1/section/782) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 11(2)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/11/2)
[^c23082551]: [S. 782](https://www.legislation.gov.uk/ukpga/1988/1/section/782) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 24(2)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/24/2) (with [s. 43](https://www.legislation.gov.uk/ukpga/1996/55/section/43))
[^c21627621]: Source—1970 s.493; 1971 Sch.8 16(8)
[^c23312481]: [S. 782](https://www.legislation.gov.uk/ukpga/1988/1/section/782) excluded (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [s. 425(2)](https://www.legislation.gov.uk/ukpga/1999/29/section/425/2), [Sch. 33 para. 13(1)](https://www.legislation.gov.uk/ukpga/1999/29/schedule/33/paragraph/13/1); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), [art. 2](https://www.legislation.gov.uk/uksi/1999/3434/article/2)
[^c23276161]: Words in [s. 782(1)(a)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/782/1/a/2/3) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23797581]: Words in [s. 782(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/782/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 317](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/317) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797601]: [S. 782(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/782/1A) inserted (with effect in accordance with [Sch. 9 para. 3(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/3/3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 9 para. 3(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/3/2)
[^c21627631]: Source—1970 s.494
[^c22902981]: [S. 783(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/783/2) restricted (11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 19(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/19/2)
[^c22903001]: [S. 783(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/783/4) excluded (11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 19(1)(a)(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/19/1/a/3)
[^c21627641]: *See*—s.756—s.783(11)*applied for purposes of* Part XVII Ch.IV (*controlled foreign companies*),s.798(10)—s.783(11)*applied for purposes of* s.798 (*interest on certain overseas loans*).
[^c23797661]: [S. 783(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/783/4) excluded (8.6.2005) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 paras. 8(2)](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/8/2), [20(2)](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/20/2); [S.I. 2005/1444](https://www.legislation.gov.uk/uksi/2005/1444), [art. 2(1)](https://www.legislation.gov.uk/uksi/2005/1444/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2005/1444/schedule/1)
[^c23797641]: Words in [s. 783(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/783/10/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 318](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/318) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797711]: [S. 783(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/783/4) excluded (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 paras. 16(2)](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/16/2), [25(2)](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/25/2)
[^c23797671]: Words in [s. 783(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/783/10/a) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [98](https://www.legislation.gov.uk/uksi/2005/3229/regulation/98)
[^c21627651]: Source—1970 s.495
[^c21627661]: Source—Consumer Credit Act 1974 Sch.4 29
[^c23279891]: Words in [s. 785](https://www.legislation.gov.uk/ukpga/1988/1/section/785) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23797791]: [S. 785](https://www.legislation.gov.uk/ukpga/1988/1/section/785): words in definition of "capital sum" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 319](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/319) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797811]: [S. 785](https://www.legislation.gov.uk/ukpga/1988/1/section/785): words in definition of "capital sum" substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 190](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/190) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21627681]: Source—1970 s.496
[^c22992861]: [S. 786(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/786/4) repealed (with effect in accordance with s. 159(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/1), [Sch. 41 Pt. 5(21)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/21), Note 1; [S.I. 1996/2646](https://www.legislation.gov.uk/uksi/1996/2646), [art. 2](https://www.legislation.gov.uk/uksi/1996/2646/article/2)
[^c23798221]: Words in [s. 786(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/786/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 320(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/320/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23798261]: [S. 786(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/786/3A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 320(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/320/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23798241]: Words in [s. 786(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/786/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 320(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/320/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23798281]: [S. 786(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/786/5A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 320(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/320/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23798301]: [S. 786(5ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/786/5ZA) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 8(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/8/2)
[^c21627691]: Source—1976 s.38
[^c23798441]: [S. 787](https://www.legislation.gov.uk/ukpga/1988/1/section/787) extended (with effect in accordance with s. 56 of the affecting Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 2 para. 8](https://www.legislation.gov.uk/ukpga/2005/7/schedule/2/paragraph/8)
[^c23313081]: [S. 787(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/787/1A) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 53(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/53/2)
[^c23313101]: [S. 787(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/787/3) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 53(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/53/3)
[^c23797851]: [S. 785A(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/785A/5A) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 7(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/7/2)
[^c23794991]: Words in [s. 775A(4)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/775A/4/c) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 183](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/183) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23793711]: [S. 774B(1)-(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/774B/1) substituted for s. 774B(1) (with effect in accordance with [Sch. 5 para. 7(1)-(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/7/1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 3(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/3/2)
[^c23793731]: Words in [s. 774B(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/774B/4/a) substituted (with effect in accordance with [Sch. 5 para. 7(1)-(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/7/1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 3(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/3/3)
[^c23793751]: Words in [s. 774B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/774B/5) substituted (with effect in accordance with [Sch. 5 para. 7(1)-(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/7/1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 3(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/3/4)
[^c23793811]: [S. 774D(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/774D/2A) inserted (with effect in accordance with [Sch. 5 para. 7(1)-(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/7/1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 4](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/4)
[^c23794611]: [S. 774E(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/774E/4/b) substituted (with effect in accordance with [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 9](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/9)
[^c23794591]: Words in [s. 774E(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/774E/5/b) substituted (with effect in accordance with [Sch. 5 para. 17(5)-(9)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/17/5) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 17(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/17/4)
[^c23794631]: Words in [s. 774E(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/774E/7/a) substituted (with effect in accordance with [Sch. 5 para. 7(1)-(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/7/1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 5](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/5)
[^c23794771]: Words in [s. 774G(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/774G/3/a) substituted (with effect in accordance with [Sch. 5 para. 7(1)-(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/7/1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 6(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/6/2/a)
[^c23794791]: [S. 774G(3)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/774G/3/a/ii) and preceding word inserted (with effect in accordance with [Sch. 5 para. 7(1)-(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/7/1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/6/2/b)
[^c23794811]: Words in [s. 774G(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/774G/3/c) substituted (with effect in accordance with [Sch. 5 para. 7(1)-(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/7/1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 6(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/6/3)
[^c23794831]: [S. 774G(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/774G/5A) inserted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 paras. 6(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/6/4), [7(6)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/7/6)
[^c21627721]: *See*—1970 ss.267, 273, 273A*and* 276(groups)—*disapplication of those provisions in the case of companies treated as resident outside the U.K. by virtue of* s.788.1989 s.115—*calculation of tax credit for non-resident on gross amount of distribution.*1990 s.32(8)—*application of* s.788*to assets held by employee share ownership trusts.* [S. 788](https://www.legislation.gov.uk/ukpga/1988/1/section/788) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 194(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/194/1)
[^c21627741]: Source—1970 s.497(1)-(8); 1972 ss.98(2), 100(1); 1976 s.50(2); 1987 s.70(1)
[^c22810261]: [S. 788](https://www.legislation.gov.uk/ukpga/1988/1/section/788) restricted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 57](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/57)
[^c22810241]: Words in [s. 788(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/5) repealed (1.4.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 1](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/1), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c22810221]: Words in [s. 788(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/5) inserted (with effect in accordance with [Sch. 30 para. 2(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/2/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/2/1)
[^c22810271]: Words in [s. 788(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/1) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/1)
[^c22810291]: Words in [s. 788(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/7/a) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c23799001]: Words in [s. 788(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/3/d) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 321(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/321/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23799021]: Words in [s. 788(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 321(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/321/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23799061]: [S. 788(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/2) repealed (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 26 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/8/2)
[^c23799041]: [S. 788(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/10) substituted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 176](https://www.legislation.gov.uk/ukpga/2006/25/section/176)
[^c21627751]: Source—1970 s.497(9), (10); 1971 sch.6 74; 1972 s.100(1)
[^c21627761]: [1952 c.10](https://www.legislation.gov.uk/ukpga/1952/10).
[^c21627771]: [1965 c. 25](https://www.legislation.gov.uk/ukpga/1965/25).
[^c22810331]: Words in [s. 789(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/789/2) substituted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 21](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/21)
[^c23799101]: [S. 789(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/789/2/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 191(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/191/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23799121]: Words in [s. 789(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/789/2/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 191(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/191/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21627781]: Source—1970 s.498(1); 1972 s.100(1)
[^c21627791]: Source—1970 s.498(2)
[^c21627801]: Source—1970 s.498(3); 1972 s.100(1)
[^c21627811]: Source—1970 s.498(4); 1971 s.26(3); 1972 s.83(1)-(5)
[^c21627821]: Source—1970 s.498(5), (6); 1972 s.100(1)
[^c22810431]: [S. 790](https://www.legislation.gov.uk/ukpga/1988/1/section/790) restricted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 57](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/57)
[^c22810351]: Words in [s. 790(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/3) substituted (with effect in accordance with [Sch. 30 para. 3(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 3(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/3/2)
[^c22810391]: Words in [s. 790(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/6) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/2)
[^c22810411]: [S. 790(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/6A) inserted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/3)
[^c22810371]: [S. 790(10A)-(10C)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/10A) inserted (with effect in accordance with [Sch. 30 para. 3(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 3(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/3/3)
[^c22894231]: Words in [s. 790(3)(5)(b)(10A)(d)(10C)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/3/5/b/10A/d/10C) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c23799161]: Words in [s. 790(6A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/6A/b) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23799171]: Words in [s. 790(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/11) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 322](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/322) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21627831]: *For regulations see* Part III Vol.5
[^c21627841]: Source—1970 s.517
[^c21627871]: Source—1970 s.500
[^c22894301]: Words in [s. 792(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/792/1/3) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c23802251]: [S. 792](https://www.legislation.gov.uk/ukpga/1988/1/section/792) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23802231]: [S. 792(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/792/1): words in definition of "foreign tax" inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 115(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/115/1)
[^c23802281]: [Ss. 793-795A](https://www.legislation.gov.uk/ukpga/1988/1/section/793) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c21627881]: Source—1970 s.501; 1972 s.100 (1).
[^c23802261]: [S. 793(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/793/3) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 192](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/192) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21627891]: Source—1970 s.502; 1982 s.67; 1972 s.100(1).
[^c22894511]: [S. 794(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/794/2/bb) inserted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/5)
[^c22894531]: [S. 794(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/794/2/c) repealed (with effect in accordance with Sch. 30 para. 4(14) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/6), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13)
[^c23802331]: [Ss. 793-795A](https://www.legislation.gov.uk/ukpga/1988/1/section/793) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23802301]: Words in [s. 794(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/794/2/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 103](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/103) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23802321]: [S. 794(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/794/2/bb) modified (with effect in accordance with s. 153(4) of the modifying Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/a)
[^c21627901]: Source—1970 s.503; 1972 s.100(1); 1987 Sch.15 2(18)
[^c22894551]: [S. 795(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/4) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 41](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/41) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22894601]: Words in [s. 795(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/2/b) renumbered as s. 795(2)(b)(i) (with effect in accordance with [Sch. 27 para. 1(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/1/4) of the amending Act) by virtue of [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 1(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/1/2)
[^c22894571]: [S. 795(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/2/b/ii) and preceding word inserted (with effect in accordance with [Sch. 27 para. 1(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/1/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 1(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/1/2)
[^c22894631]: [S. 795(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/3A) inserted (with effect in accordance with [Sch. 27 para. 1(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/1/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 1(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/1/3)
[^c22894671]: Words in [s. 795(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/4) renumbered as s. 795(4)(a) (24.7.2002) by virtue of [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 5(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/5/2)
[^c22894651]: [S. 795(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/4/b) and preceding word inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 5(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/5/2)
[^c23802431]: [Ss. 793-795A](https://www.legislation.gov.uk/ukpga/1988/1/section/793) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23802341]: Words in [s. 795(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/1) renumbered as s. 795(1)(a) (22.7.2004) by virtue of [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 112(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/112/2)
[^c23802361]: [S. 795(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/1/b) and preceding word inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 112(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/112/2)
[^c23802421]: [S. 795(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/1/b) modified by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 277(1A)-(1C)](https://www.legislation.gov.uk/ukpga/1992/12/section/277/1A) (as inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 112(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/112/6))
[^c23802381]: Words in [s. 795(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/2/a) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 112(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/112/3)
[^c23802401]: [S. 795(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/5) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 112(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/112/4)
[^c21627911]: Source—1970 s.504
[^c22894701]: Words in [s. 796(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/796/1) inserted (with effect in accordance with [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/12)
[^c23802541]: Words in [s. 796(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/796/1) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 193(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/193/2) (with [Sch. 1 para. 193(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/193/5) (as inserted by [S.I. 2007/3506](https://www.legislation.gov.uk/uksi/2007/3506), [arts. 1](https://www.legislation.gov.uk/uksi/2007/3506/article/1), [3(5)](https://www.legislation.gov.uk/uksi/2007/3506/article/3/5) and as amended by [S.I. 2009/2859](https://www.legislation.gov.uk/uksi/2009/2859), [arts. 1](https://www.legislation.gov.uk/uksi/2009/2859/article/1), [4(6)(b)](https://www.legislation.gov.uk/uksi/2009/2859/article/4/6/b)), Sch. 2)
[^c23802561]: [S. 796(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/796/2A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 193(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/193/3) (with [Sch. 1 para. 193(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/193/5) (as inserted by [S.I. 2007/3506](https://www.legislation.gov.uk/uksi/2007/3506), [arts. 1](https://www.legislation.gov.uk/uksi/2007/3506/article/1), [3(5)](https://www.legislation.gov.uk/uksi/2007/3506/article/3/5) and as amended by [S.I. 2009/2859](https://www.legislation.gov.uk/uksi/2009/2859), [arts. 1](https://www.legislation.gov.uk/uksi/2009/2859/article/1), [4(6)(b)](https://www.legislation.gov.uk/uksi/2009/2859/article/4/6/b)), Sch. 2)
[^c23802581]: Words in [s. 796(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/796/3) substituted (6.4.2007 with effect in accordance with [S.I. 2009/2859](https://www.legislation.gov.uk/uksi/2009/2859), [art. 1(2)](https://www.legislation.gov.uk/uksi/2009/2859/article/1/2)) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 193(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/193/4) (as substituted by [S.I. 2009/2859](https://www.legislation.gov.uk/uksi/2009/2859), [art. 4(6)(a)](https://www.legislation.gov.uk/uksi/2009/2859/article/4/6/a)) (with Sch. 2)
[^c21627921]: Source—1970 s.505; 1972 s.100(1), (3); 1984 s.53(1)
[^c21627931]: Source—1972 s.100(4)-(6A); 1984 s.53(1); 1986 s.49; 1987 (No.2) s.77
[^c22894721]: [S. 797(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/3A/3B) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 42(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/42/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22894771]: Words in [s. 797(3B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/3B/b) repealed (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(2)(a)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/2/a/4), [Sch. 27 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/17), Note
[^c22894741]: [S. 797(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/6) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 42(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/42/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22894781]: [S. 797(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/4/5) repealed (with effect in accordance with Sch. 3 para. 35(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 35(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/35/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22894801]: Words in [s. 797(3B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/3B/b) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 54](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/54)
[^c23802601]: Words in [s. 797(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/1) substituted (with effect in accordance with [s. 154(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/154/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 154(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/154/2)
[^c23802621]: Words in [s. 797(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/2) substituted (with effect in accordance with [s. 154(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/154/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 154(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/154/3)
[^c23802641]: [S. 797(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/2A) inserted (with effect in accordance with [s. 154(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/154/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 154(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/154/4)
[^c23802681]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23802661]: Words in [s. 797(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/3) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 34(2)
[^c23803041]: [Ss. 798-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/798) substituted for ss. 798-798B (with effect in accordance with [s. 86(3)-(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/3) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 86(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/1)
[^c23803121]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c22894841]: Word at the end of s. 797A(5)(a) inserted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(2)(b)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/2/b/4)
[^c22894821]: [S. 797A(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/5/c) and preceding word repealed (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(2)(b)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/2/b/4), [Sch. 27 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/17), Note
[^c22894861]: Words at the end of s. 797A(5) inserted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(2)(c)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/2/c/4)
[^c22894901]: Words in [s. 797A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/6) substituted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(2)(d)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/2/d/4)
[^c22894881]: Words at the end of s. 797A(7) inserted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(2)(e)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/2/e/4)
[^c22894931]: Word in [s. 797A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/1/a) substituted (with effect in accordance with [Sch. 30 para. 7(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/7/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/7/2/a)
[^c22894951]: Words in [s. 797A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/1/b) substituted (with effect in accordance with [Sch. 30 para. 7(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/7/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/7/2/b)
[^c23802771]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c22894991]: Words in [s. 797A(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/5/a) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 55(2)(a)(i)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/55/2/a/i)
[^c22895011]: Words in [s. 797A(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/5/a) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 55(2)(a)(ii)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/55/2/a/ii)
[^c22895071]: [S. 797A(5)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/5/aa) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 55(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/55/2/b)
[^c22895031]: Word in [s. 797A(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/5/b) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 55(2)(c)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/55/2/c)
[^c22895101]: Words in [s. 797A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/5) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c22895051]: Words in [s. 797A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/6) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 55(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/55/3)
[^c22895141]: Words in [s. 797A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/7) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23803061]: [Ss. 798-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/798) substituted for ss. 798-798B (with effect in accordance with [s. 86(3)-(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/3) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 86(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/1)
[^c23803131]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23803081]: [Ss. 798-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/798) substituted for ss. 798-798B (with effect in accordance with [s. 86(3)-(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/3) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 86(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/1)
[^c23803141]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23802291]: [Ss. 793-795A](https://www.legislation.gov.uk/ukpga/1988/1/section/793) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c22894471]: Words in [s. 793A(1)(a)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/793A/1/a/3) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c23802531]: [Ss. 793-795A](https://www.legislation.gov.uk/ukpga/1988/1/section/793) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c22894501]: Words in [s. 795A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/795A/1/b) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c23802961]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23803151]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23803281]: [S. 798C(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/798C/2) substituted for s. 798C(2) (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 194](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/194) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21627961]: Source—1970 s.506; 1976 s.50(3)
[^c22895281]: Words in [s. 799(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/1) renumbered as s. 799(1)(a) (with effect in accordance with [Sch. 30 para. 8(5)(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/5/6) of the amending Act) by virtue of [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 8(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/2)
[^c22895261]: [S. 799(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/1/b) and preceding word inserted (with effect in accordance with [Sch. 30 para. 8(5)(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/5/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 8(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/2)
[^c22895291]: [S. 799(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/1A) inserted (with effect in accordance with [Sch. 30 para. 8(5)(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/5/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 8(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/3)
[^c22895311]: Word at the end of s. 799(3)(a) inserted (with effect in accordance with [Sch. 30 para. 8(5)(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/5/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 8(4)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/4/a)
[^c22895331]: [S. 799(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/3/b) repealed (with effect in accordance with Sch. 30 para. 8(5)(6) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 8(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/4/b), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c22895351]: Words in [s. 799(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/3/c) substituted (with effect in accordance with [Sch. 30 para. 8(5)(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/5/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 8(4)(c)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/4/c)
[^c22895371]: [S. 799(5)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/5) added (with effect in accordance with [Sch. 30 para. 9(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/9/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 9(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/9/2)
[^c22895391]: [S. 799(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/1A) substituted (with effect in accordance with [Sch. 27 para. 2(4)(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/2/4/5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 2(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/2/2)
[^c22895411]: [S. 799(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/1B) inserted (with effect in accordance with [Sch. 27 para. 2(4)(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/2/4/5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/2/3)
[^c23803451]: [S. 799(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/2A) inserted (with effect in accordance with [s. 85(2)](https://www.legislation.gov.uk/ukpga/2005/7/section/85/2) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 85(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/85/1)
[^c23803471]: Words in [s. 799(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/6/b) inserted (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 7](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/7)
[^c21627981]: Source—1970 s.508; 1971 s.26(2)
[^c22895871]: Words in [s. 801(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/1) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(8)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/8/a)
[^c22895891]: Words in [s. 801(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/1) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(8)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/8/b)
[^c22895911]: [S. 801(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/1A) inserted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/9)
[^c22895931]: [S. 801(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/2A) inserted (with effect in accordance with [Sch. 30 para. 11(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/11/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 11(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/11/2)
[^c22895971]: [S. 801(4A)-(4D)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/4A) inserted (with effect in accordance with [Sch. 27 para. 3(4)(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/3/4/5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 3(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/3/3)
[^c23803591]: Words in [s. 801(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/1A/b) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23803671]: Words in [s. 801(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/2) substituted (with effect in accordance with [s. 91(8)](https://www.legislation.gov.uk/ukpga/2005/7/section/91/8) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 91(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/91/5)
[^c23803601]: [S. 801(2A)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/2A/aa) inserted (with effect in accordance with [s. 89(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/89/5) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 89(2)](https://www.legislation.gov.uk/ukpga/2005/7/section/89/2)
[^c23803641]: [S. 801(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/2B) inserted (with effect in accordance with [s. 89(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/89/5) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 89(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/89/3)
[^c23803691]: [S. 801(4A)-(4D)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/4A) repealed (with effect in accordance with s. 91(8) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 91(6)](https://www.legislation.gov.uk/ukpga/2005/7/section/91/6), [Sch. 11 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/9), Note
[^c23803651]: [S. 801(6)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/6/7) inserted (with effect in accordance with [s. 89(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/89/5) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 89(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/89/4)
[^c23803741]: [S. 801(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/5A) inserted (with effect in accordance with [s. 43(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/43/3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 43(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/43/2)
[^c21628011]: Source—1982 s.66; 1987 (No.2) s.68
[^c22896271]: Words in [s. 803(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/1/b) inserted (with effect in accordance with [s. 106(11)(12)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/11/12) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 106(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/2/a)
[^c22896291]: Words in [s. 803(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/1/c) substituted (with effect in accordance with [s. 106(11)(12)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/11/12) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 106(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/2/b)
[^c22896311]: [S. 803(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/1/d) substituted (with effect in accordance with [s. 106(11)(12)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/11/12) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 106(2)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/2/c)
[^c22896331]: Words in [s. 803(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/3) substituted (with effect in accordance with [s. 106(11)(12)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/11/12) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 106(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/3)
[^c22896591]: [S. 803(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/10) substituted for s. 803(10)(11) (with effect in accordance with [s. 106(11)(12)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/11/12) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 106(10)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/10)
[^c23803891]: Words in [s. 803(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/1/d) substituted (with effect in accordance with [s. 86(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 86(2)(a)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/2/a)
[^c23803911]: [S. 803(4)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/4) repealed (with effect in accordance with s. 86(3)(4) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 86(2)(b)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/2/b), [Sch. 11 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/8), Note
[^c23803981]: Words in [s. 803(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/10) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 196](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/196) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22896071]: Words in [s. 801A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/801A/1/a) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(11)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/11)
[^c22896091]: Words in [s. 801A(2)(7)(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/801A/2/7/11) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/12)
[^c23803871]: [S. 801A(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/801A/9) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 195](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/195) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23804001]: [S. 803A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/803A/1A) inserted (with effect in accordance with [s. 90(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/90/3) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 90(2)](https://www.legislation.gov.uk/ukpga/2005/7/section/90/2)
[^c21628021]: Source—1970 s.510; 1971 Sch.6 75
[^c22897241]: Words in [s. 804(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/1) substituted (with effect in accordance with [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 217(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/217/1) (with [Sch. 20 para. 12(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/12/1))
[^c22897261]: [S. 804(5)-(5C)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/5) substituted for s. 804(5) (with effect in accordance with [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 217(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/217/2) (with [Sch. 20 para. 12(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/12/1))
[^c22897281]: [S. 804(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/8): definition of "overlap profit" inserted (with effect in accordance with [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 217(3)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/217/3/a) (with [Sch. 20 para. 12(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/12/1))
[^c22897301]: [S. 804(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/8): definitions of "non-basis period" and "years of commencement" repealed (with effect in accordance with s. 218 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 217(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/217/3/b), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 7 (with Sch. 20 para. 12(1))
[^c22897331]: Words in [s. 804(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/8) repealed (with effect in accordance with s. 218 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 217(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/217/3/b), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 7 (with Sch. 20 para. 12(1))
[^c22897351]: Words in [s. 804(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/7) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 22](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/22)
[^c23804191]: Words in [s. 804(5)(b)(5A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/5/b/5A/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 323(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/323/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23804241]: Words in [s. 804(5B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/5B/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 323(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/323/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23804261]: Words in [s. 804(5C)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/5C) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 323(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/323/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23804281]: [S. 804(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/8): words in definition of "overlap profit" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 323(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/323/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23804301]: Words in [s. 804(5B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/5B/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 197(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/197/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23804321]: [S. 804(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/6) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 197(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/197/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22897371]: Words in [s. 804A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/804A/3) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note
[^c22897391]: [S. 804A(1)-(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/804A/1) substituted for s. 804A(1) (with effect in accordance with [Sch. 30 para. 16(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 16(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/2)
[^c22897411]: Words in [s. 804A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/804A/3) substituted (with effect in accordance with [Sch. 30 para. 16(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 16(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/3)
[^c22897431]: Words in [s. 804A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/804A/5) substituted (with effect in accordance with [Sch. 30 para. 16(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 16(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/4)
[^c23804341]: Words in [s. 804A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/804A/1/a) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23804351]: Words in [s. 804A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/804A/1) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 48](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/48) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c21628041]: *See* s.732(4)—*dealers in securities.*
[^c23805031]: [Ss. 805](https://www.legislation.gov.uk/ukpga/1988/1/section/805), [806](https://www.legislation.gov.uk/ukpga/1988/1/section/806) applied (31.12.2006 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/3262/regulation/1/1), [4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c21628051]: Source—1970 s.511; 1972 s.100(1)
[^c21628061]: *See* s.448—*overseas life assurance companies.*
[^c22897581]: [S. 806(3)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/806/3) inserted (17.3.1998 with effect in accordance with [s. 107(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/107/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 107(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/107/1)
[^c22897601]: [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34).
[^c22897611]: [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9).
[^c23805041]: [Ss. 805](https://www.legislation.gov.uk/ukpga/1988/1/section/805), [806](https://www.legislation.gov.uk/ukpga/1988/1/section/806) applied (31.12.2006 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/3262/regulation/1/1), [4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c22897621]: [S. 806(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/806/1) substituted (with effect in accordance with [Sch. 30 para. 20(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/20/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 20(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/20/2)
[^c22897471]: [S. 804B](https://www.legislation.gov.uk/ukpga/1988/1/section/804B) modified (25.10.2000) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 30C](https://www.legislation.gov.uk/uksi/1997/473/regulation/30C) (as inserted by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2000 (S.I. 2000/2710)](https://www.legislation.gov.uk/uksi/2000/2710), [regs. 1](https://www.legislation.gov.uk/uksi/2000/2710/regulation/1), [6](https://www.legislation.gov.uk/uksi/2000/2710/regulation/6); and as amended by [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [25](https://www.legislation.gov.uk/uksi/2004/822/regulation/25))
[^c22897211]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c23804411]: Words in [s. 804B(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/7/a) substituted (with effect in accordance with [Sch. 33 para. 11(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 11(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/1/a)
[^c23804431]: Words in [s. 804B(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/7/b) substituted (with effect in accordance with [Sch. 33 para. 11(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 11(1)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/1/b)
[^c23804471]: [S. 804B](https://www.legislation.gov.uk/ukpga/1988/1/section/804B) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [23](https://www.legislation.gov.uk/uksi/2005/2014/regulation/23) (as amended by: [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [22](https://www.legislation.gov.uk/uksi/2007/2134/regulation/22); [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/1/2), [10](https://www.legislation.gov.uk/uksi/2008/1937/regulation/10))
[^c23804451]: [S. 804B(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/7A) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 7](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/7)
[^c23804481]: Words in [s. 804B(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/1/a) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 49(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/49/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23804651]: Words in [s. 804B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/2) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 49(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/49/3), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23804501]: [S. 804B(3)(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/3/3A) substituted for s. 804B(3) (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 49(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/49/4) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23804521]: Words in [s. 804B(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/4/b) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 49(5)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/49/5/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23804671]: Words in [s. 804B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/4) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 49(5)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/49/5/b), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23804541]: Words in [s. 804B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/5) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 49(6)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/49/6) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23804691]: Words in [s. 804B(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/6) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 49(7)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/49/7/a), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23804561]: Words in [s. 804B(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/6) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 49(7)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/49/7/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23804591]: Words in [s. 804B(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/7) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 49(8)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/49/8/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23804611]: Words in [s. 804B(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/7/a) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 49(8)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/49/8/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23804631]: [S. 804B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/9) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 49(9)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/49/9) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23804741]: Words in [s. 804C(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/804C/4/5) substituted (with effect in accordance with [Sch. 33 para. 11(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 11(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/3)
[^c23804771]: [S. 804C(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/804C/13) substituted (with effect in accordance with [Sch. 33 para. 11(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 11(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/4)
[^c23804831]: [S. 804C](https://www.legislation.gov.uk/ukpga/1988/1/section/804C) modified by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 52A(6)-(9)](https://www.legislation.gov.uk/uksi/2006/964/regulation/52A/6) (as substituted (1.1.2009 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159)](https://www.legislation.gov.uk/uksi/2008/3159), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2008/3159/regulation/1/1), [16](https://www.legislation.gov.uk/uksi/2008/3159/regulation/16))
[^c23804791]: Words in [s. 804C(14)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/804C/14/a) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 50(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/50/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23804811]: Words in [s. 804C(14)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/804C/14/b) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 50(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/50/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c22897551]: [S. 804D](https://www.legislation.gov.uk/ukpga/1988/1/section/804D) modified (25.10.2000) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 30D](https://www.legislation.gov.uk/uksi/1997/473/regulation/30D) (as inserted by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2000 (S.I. 2000/2710)](https://www.legislation.gov.uk/uksi/2000/2710), [regs. 1](https://www.legislation.gov.uk/uksi/2000/2710/regulation/1), [6](https://www.legislation.gov.uk/uksi/2000/2710/regulation/6); and as amended by [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [26](https://www.legislation.gov.uk/uksi/2004/822/regulation/26))
[^c23804881]: [S. 804D](https://www.legislation.gov.uk/ukpga/1988/1/section/804D) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [24](https://www.legislation.gov.uk/uksi/2005/2014/regulation/24)
[^c22897221]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c23804891]: Words in [s. 804D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/804D/1) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 51(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/51/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23804911]: Words in [s. 804D(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/804D/3) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 51(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/51/3) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c22897231]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c23804931]: Words in [s. 804E(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/804E/1) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 52](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/52) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23804951]: [S. 804E(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/804E/3/d) repealed (with effect in accordance with Sch. 11 of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 27 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/11), Note
[^c23805011]: Words in [s. 804ZA(8)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/804ZA/8/c) repealed (with effect in accordance with s. 35(4)-(7) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 35(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/35/2), [Sch. 27 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/6), Note
[^c23804991]: [S. 804ZA(11A)](https://www.legislation.gov.uk/ukpga/1988/1/section/804ZA/11A) inserted (with effect in accordance with [s. 35(4)-(7)](https://www.legislation.gov.uk/ukpga/2007/11/section/35/4) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 35(3)](https://www.legislation.gov.uk/ukpga/2007/11/section/35/3)
[^c22898011]: Words in [s. 806A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/806A/5) added (with effect in accordance with [Sch. 27 para. 4(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/4/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 4(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/4/2)
[^c22898031]: [S. 806B(3)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/806B/3) substituted (with effect in accordance with [Sch. 27 para. 5(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/5/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 5(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/5/2)
[^c22898051]: Words in [s. 806B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/806B/9) substituted (with effect in accordance with [Sch. 27 para. 5(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/5/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 5(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/5/3)
[^c23805811]: [S. 806K(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/806K/1) modified (with effect in accordance with s. 153(4) of the modifying Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/a)
[^c23805821]: [S. 806K(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/806K/2/bb) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 324](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/324) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23805901]: Words in [s. 806L(1)(2)(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/806L/1/2/4/5) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23805881]: [S. 806L(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/806L/7) substituted (with effect in accordance with [s. 155(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/155/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 1(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/1/3)
[^c23805961]: [S. 806L(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/806L/5/b) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 53](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/53) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23806021]: Words in [s. 806M(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/806M/2) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c21628081]: Source—1985 Sch.23 37
[^c21628091]: Source—1988 Sch.23 38(1)-(3)
[^c22898151]: [S. 807(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/807/6) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 45](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/45) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23806331]: Words in [s. 807(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/807/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 325](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/325) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23806351]: Words in [s. 807(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/807/1/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 198(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/198/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23806371]: Words in [s. 807(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/807/1/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 198(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/198/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23806391]: Words in [s. 807(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/807/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 198(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/198/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23806491]: Words in [s. 807(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/807/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 198(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/198/4/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23806421]: Words in [s. 807(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/807/2/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 198(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/198/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23806451]: Words in [s. 807(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/807/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 198(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/198/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23806471]: [S. 807(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/807/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 198(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/198/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23806511]: [S. 807(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/807/6) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 198(8)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/198/8), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21628111]: Source—1976 s.50(1)
[^c21628121]: Words in [s. 808](https://www.legislation.gov.uk/ukpga/1988/1/section/808) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [Sch. 15 para.21](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/21)
[^c22899541]: Words in [s. 808](https://www.legislation.gov.uk/ukpga/1988/1/section/808) substituted (with effect in accordance with [s. 140(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/140/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 140(1)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/140/1/a)
[^c22899561]: Words in [s. 808](https://www.legislation.gov.uk/ukpga/1988/1/section/808) substituted (with effect in accordance with [s. 140(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/140/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 140(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/140/1/b)
[^c22899581]: Words in [s. 808](https://www.legislation.gov.uk/ukpga/1988/1/section/808) repealed (with effect in accordance with s. 140(2) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 140(1)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/140/1/c), [Sch. 26 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/18), Note
[^c23806761]: Words in [s. 808](https://www.legislation.gov.uk/ukpga/1988/1/section/808) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 54](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/54) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c21628141]: Source—1973 s.18
[^c23806841]: Words in [s. 809(1)(a)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/809/1/a/2) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 24(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/24/b), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23806871]: Words in [s. 809(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/809/1/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 199](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/199) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21628191]: Source—1970 s.516; 1973 s.40(1); 1987 Sch.15 2(19)
[^c21628212]: [S. 811(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/2/c) and preceding word repealed (with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103(2)(g)(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2/g/3/4), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(9)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/9)
[^c22899621]: [S. 811(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/3) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 47](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/47) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22899641]: [S. 811(4)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/4) inserted (with effect in accordance with [Sch. 30 para. 27(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/27/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 27(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/27/2)
[^c22899661]: [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34).
[^c22899671]: [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9).
[^c22899681]: Word preceding s. 811(2)(b) repealed (with effect in accordance with Sch. 27 para. 6(3) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 6(2)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/6/2/a), [Sch. 33 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/8), Note
[^c22899721]: [S. 811(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/2/d) inserted (with effect in accordance with [Sch. 27 para. 6(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/6/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 6(2)(c)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/6/2/c)
[^c22899761]: Words in [s. 811(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/3) renumbered as s. 811(3)(a) (24.7.2002) by virtue of [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 5(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/5/5)
[^c22899741]: [S. 811(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/3/b) and preceding word inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 5(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/5/5)
[^c23806891]: Words in [s. 811(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/2) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [s. 115(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/115/2)
[^c23806911]: Word at the end of s. 811(2)(a) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 200(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/200/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23806951]: [S. 811(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/2/b) and word repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 200(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/200/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21628221]: Source—1985 s.54(1),(3)
[^c21628231]: Source—1985 s.54(6) Sch.13 5
[^c21628241]: Source—1985 s.54(4),(5)
[^c21628251]: Source—1985 s.54(6) Sch.13 5.
[^c21628261]: Source—1985 s.54(7)(b), Sch.13 5(1)
[^c21628271]: Source—1985 s.54(7)(a)
[^c21628281]: Source—1985 s.54(8)
[^c22899771]: [S. 812(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/4/a) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 38(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/38/2), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c22899791]: Words in [s. 812(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/7) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 38(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/38/3)
[^c22899821]: Words in [s. 812(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/2) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c23807201]: Words in [s. 812(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 326(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/326/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23807221]: Words in [s. 812(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 326(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/326/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23807241]: [S. 812(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/5/c) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 201](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/201) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23807301]: Words in [s. 812(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/1/b) substituted (1.4.2010 with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [Sch. 8 para. 30](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/30) (with [Sch. 9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9))
[^c23807261]: Words in [s. 812(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/5/c) substituted (1.4.2010 with effect in accordance with [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [Sch. 1 para. 116(a)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/116/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^c23807281]: [S. 812(5)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/5/d) substituted (1.4.2010 with effect in accordance with [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [Sch. 1 para. 116(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/116/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^c21628291]: Source—1985 Sch.13 1
[^c21628301]: *Reproduced in* Part III Vol.5.
[^c21628311]: [S.I. 1973/317](https://www.legislation.gov.uk/uksi/1973/317).
[^c22899851]: [S. 813(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/813/6/b) repealed (with effect in accordance with Sch. 3 para. 37(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 37(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/37/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21628321]: Source-1985 Sch. 13 3
[^c23807321]: [S. 814(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/814/1) modified (with effect in accordance with s. 153(4) of the modifying Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/a)
[^c23807331]: Words in [s. 814(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/814/1/a) substituted (1.4.2010 with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [Sch. 8 para. 31](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/31) (with [Sch. 9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9))
[^c21628331]: Source—1985 Sch.13 4(1)
[^c21628391]: *See* 1979(C) s.10(4)—*application to capital gains tax.* [S. 816](https://www.legislation.gov.uk/ukpga/1988/1/section/816) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 277(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/277/4), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)) [S. 816](https://www.legislation.gov.uk/ukpga/1988/1/section/816) applied (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 194(5)](https://www.legislation.gov.uk/ukpga/1993/34/section/194/5)
[^c21628401]: Source—1970 s.518; 1972 s.100(1)
[^c21628411]: [S. 816(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/2A) inserted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 51(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/51/2)
[^c22900281]: [S. 816(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/3A) inserted (with effect in accordance with [Sch. 37 para. 9](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 2(1)(2)(d)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/2/1/2/d)
[^c22900311]: [S. 816(2ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/2ZA) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 146(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/146/2)
[^c22900331]: Word in [s. 816(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/1) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(c)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/c)
[^c23807421]: Words in [s. 816(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/1) substituted (18.4.2005) by [Commissioners for Revenue and Customs Act 2005 (c. 11)](https://www.legislation.gov.uk/ukpga/2005/11), [s. 53(1)](https://www.legislation.gov.uk/ukpga/2005/11/section/53/1), [Sch. 4 para. 37(a)](https://www.legislation.gov.uk/ukpga/2005/11/schedule/4/paragraph/37/a); [S.I. 2005/1126](https://www.legislation.gov.uk/uksi/2005/1126), [art. 2(2)(h)](https://www.legislation.gov.uk/uksi/2005/1126/article/2/2/h)
[^c23807481]: [S. 816(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/5) added (18.4.2005) by [Commissioners for Revenue and Customs Act 2005 (c. 11)](https://www.legislation.gov.uk/ukpga/2005/11), [s. 53(1)](https://www.legislation.gov.uk/ukpga/2005/11/section/53/1), [Sch. 4 para. 37(c)](https://www.legislation.gov.uk/ukpga/2005/11/schedule/4/paragraph/37/c); [S.I. 2005/1126](https://www.legislation.gov.uk/uksi/2005/1126), [art. 2(2)(h)](https://www.legislation.gov.uk/uksi/2005/1126/article/2/2/h)
[^c23808361]: [S. 816(2)(2ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/2/2ZA) repealed (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 26 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/8/2)
[^c23807471]: Words in [s. 816(2)(2ZA)(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/2/2ZA/2A) substituted (18.4.2005) by [Commissioners for Revenue and Customs Act 2005 (c. 11)](https://www.legislation.gov.uk/ukpga/2005/11), [s. 53(1)](https://www.legislation.gov.uk/ukpga/2005/11/section/53/1), [Sch. 4 para. 37(b)](https://www.legislation.gov.uk/ukpga/2005/11/schedule/4/paragraph/37/b); [S.I. 2005/1126](https://www.legislation.gov.uk/uksi/2005/1126), [art. 2(2)(h)](https://www.legislation.gov.uk/uksi/2005/1126/article/2/2/h)
[^c23810221]: Words in [s. 816(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/3) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 202(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/202/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23810731]: [S. 816(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/3A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 202(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/202/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23806781]: [S. 808A(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/808A/2) applied (with effect in accordance with s. 97(5)(6) of the affecting Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 103](https://www.legislation.gov.uk/ukpga/2004/12/section/103) (with [s. 106](https://www.legislation.gov.uk/ukpga/2004/12/section/106))
[^c23806791]: [S. 808A(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/808A/2) applied (6.4.2005 with effect in accordance with s. 883(1) of the affecting Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 764](https://www.legislation.gov.uk/ukpga/2005/5/section/764) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21628351]: [S. 815A](https://www.legislation.gov.uk/ukpga/1988/1/section/815A) applied (*retrospectively*) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 140C(5)](https://www.legislation.gov.uk/ukpga/1992/12/section/140C/5) (as inserted (*retrospectively*) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 45](https://www.legislation.gov.uk/ukpga/1992/48/section/45)) [S. 815A](https://www.legislation.gov.uk/ukpga/1988/1/section/815A) applied (*retrospectively*) by [Income and Corporation Taxes Act 1970 (c. 10)](https://www.legislation.gov.uk/ukpga/1970/10), [s. 269C(5)](https://www.legislation.gov.uk/ukpga/1970/10/section/269C/5) (as inserted (*retrospectively*) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 48](https://www.legislation.gov.uk/ukpga/1992/48/section/48))
[^c22900201]: [S. 815A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/815A/2) substituted for s. 815A(2)-(4) (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 39](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/39)
[^c23807351]: Words in [s. 815A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/815A/6) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23807381]: [S. 815A](https://www.legislation.gov.uk/ukpga/1988/1/section/815A) applied by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 140F(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/140F/4) (as substituted (29.11.2007 with effect in accordance with reg. 3 of the affecting S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 2](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/2))
[^c23807361]: Words in [s. 815A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/815A/1) inserted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 59(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/59/1)
[^c22898181]: Words in [s. 807A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2) inserted (with effect in accordance with [s. 91(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 91(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/2)
[^c22898201]: [S. 807A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2A) inserted (with effect in accordance with [s. 91(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 91(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/3)
[^c22898221]: Words in [s. 807A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/3/b) inserted (with effect in accordance with [s. 91(7)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/7) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 91(4)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/4)
[^c22898241]: [S. 807A(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/6A) inserted (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 91(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/5)
[^c22898291]: Words in [s. 807A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2/b) renumbered as s. 807A(2)(b)(i) (with effect in accordance with [Sch. 30 para. 24(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/24/4) of the amending Act) by virtue of [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 24(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/24/2)
[^c22898271]: [S. 807A(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2/b/ii) and preceding word inserted (with effect in accordance with [Sch. 30 para. 24(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/24/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 24(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/24/2)
[^c22898301]: [S. 807A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/7): definition of "relevant qualifying payment" inserted (with effect in accordance with [Sch. 30 para. 24(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/24/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 24(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/24/3)
[^c22898331]: Words in [s. 807A(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2/b/ii) substituted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 12(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/12/2/a) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c22898351]: Words in [s. 807A(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2/b/ii) substituted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 12(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/12/2/b) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c22898371]: [S. 807A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/7): definition of "relevant payment" inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 12(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/12/3) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c22898391]: [S. 807A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/7): definition of "relevant qualifying payment" repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 12(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/12/4), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c23806531]: [S. 807A(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2B) inserted (with effect in accordance with [Sch. 7 para. 5(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/5/3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 5(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/5/2)
[^c23806571]: [S. 807A(4)(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/4/5/b) repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 16(3)(g)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/16/3/g), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23806601]: Words in [s. 807A(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/6/a) repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 16(3)(g)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/16/3/g), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23806551]: [S. 807A(6A)-(6C)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/6A) substituted for s. 807A(6A) (with effect in accordance with [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 4](https://www.legislation.gov.uk/uksi/2007/2483/article/4)) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 14 para. 10](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/10)
[^c23806801]: [S. 808B(2)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/808B/2)(9) applied (with effect in accordance with s. 97(5)(6) of the affecting Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 103](https://www.legislation.gov.uk/ukpga/2004/12/section/103) (with [s. 106](https://www.legislation.gov.uk/ukpga/2004/12/section/106))
[^c23806811]: [S. 808B(2)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/808B/2)(9) applied (6.4.2005 with effect in accordance with s. 883(1) of the affecting Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 764](https://www.legislation.gov.uk/ukpga/2005/5/section/764) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22900221]: Words in [s. 815AA(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/815AA/1) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c21628421]: Source—1970 s.519.
[^c21628431]: *See* s.125—*annual payments for non-taxable consideration.*
[^c22800371]: [S. 817(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/1/b) restricted (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 8(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/8/3) (with [Sch. 29 para. 8(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/8/4))
[^c23812231]: Word in [s. 817(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 327(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/327/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812251]: Words in [s. 817(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 327(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/327/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812271]: Words in [s. 817(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 327(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/327/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812291]: Words in [s. 817(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 327(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/327/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812331]: Words in [s. 817(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 327(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/327/3/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812311]: Words in [s. 817(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 327(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/327/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21628891]: Source—1975 (No.2) s.47(3)(a)
[^c22801891]: Words in [s. 824(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/2) substituted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39) s. 146, Sch.13 para.7(c)
[^c22801921]: Words in [s. 824(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/2) repealed (on and after 18.8.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [ss. 178(7)](https://www.legislation.gov.uk/ukpga/1989/26/section/178/7), [187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch.17 Part 10](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/10); [S.I. 1989/1298](https://www.legislation.gov.uk/uksi/1989/1298)
[^c22801901]: Words in [s. 824(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/2) substituted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch.13 para.7(c)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/7/c)
[^c23813091]: Words in [s. 824(4A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/4A/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 331(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/331/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21629221]: *Repealed by* 1989 s.178(7)*and* 187*and* Sch.17 Part X*from* 18*August* 1989 (*see* S.I. [1989 No.1298](https://www.legislation.gov.uk/ukcm/1989/1298)).
[^c21629261]: *See* Table I*in* Vol.1*and see* 1989 s.178*for further regulation making powers and* Part III Vol.5*for regulations.*
[^c21629281]: *And see* Sch.30 para.1(9).
[^c22802181]: Words in [s. 826(7C)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7C) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 48(1)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/48/1/c) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22802941]: Words in [s. 826(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/5) re-numbered as s. 826(5)(a) (31.7.1998) by virtue of [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 34(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/34/2/a)
[^c22802951]: Words in [s. 826(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/5) re-numbered as s. 826(5)(b) (31.7.1998) by virtue of [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 34(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/34/2/b)
[^c22802961]: Words in [s. 826(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/5/b) inserted (with effect in accordance with [s. 34(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/34/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 34(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/34/3)
[^c22803451]: Words in [s. 826(8A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/a) substituted (with effect in accordance with [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/5) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 14 para. 1(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/1/4/a)
[^c21629551]: Source—1986 s.53.
[^c22803521]: [S. 827(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1B) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 7 para. 31](https://www.legislation.gov.uk/ukpga/1994/9/schedule/7/paragraph/31)
[^c22803541]: Words in [s. 827(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1) substituted (1.9.1994) by [Value Added Tax Act 1994 (c. 23)](https://www.legislation.gov.uk/ukpga/1994/23), [s. 101(1)](https://www.legislation.gov.uk/ukpga/1994/23/section/101/1), [Sch. 14 para. 10(2)(a)](https://www.legislation.gov.uk/ukpga/1994/23/schedule/14/paragraph/10/2/a)
[^c22803561]: Words in [s. 827(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1/a) substituted (1.9.1994) by [Value Added Tax Act 1994 (c. 23)](https://www.legislation.gov.uk/ukpga/1994/23), [s. 101(1)](https://www.legislation.gov.uk/ukpga/1994/23/section/101/1), [Sch. 14 para. 10(2)(b)](https://www.legislation.gov.uk/ukpga/1994/23/schedule/14/paragraph/10/2/b)
[^c22803581]: Words in [s. 827(1)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1/b/c) substituted (1.9.1994) by [Value Added Tax Act 1994 (c. 23)](https://www.legislation.gov.uk/ukpga/1994/23), [s. 101(1)](https://www.legislation.gov.uk/ukpga/1994/23/section/101/1), [Sch. 14 para. 10(2)(c)](https://www.legislation.gov.uk/ukpga/1994/23/schedule/14/paragraph/10/2/c)
[^c22803611]: Words in [s. 827(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/2) substituted (1.9.1994) by [Value Added Tax Act 1994 (c. 23)](https://www.legislation.gov.uk/ukpga/1994/23), [s. 101(1)](https://www.legislation.gov.uk/ukpga/1994/23/section/101/1), [Sch. 14 para. 10(2)(d)](https://www.legislation.gov.uk/ukpga/1994/23/schedule/14/paragraph/10/2/d)
[^c22803631]: [S. 827(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1A) inserted (1.11.1994 for specified purposes and 1.1.1995 otherwise) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 18(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/18/7), [19(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/19/1) (with [s. 19(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/19/3)); [S.I. 1994/2679](https://www.legislation.gov.uk/uksi/1994/2679), [arts. 2](https://www.legislation.gov.uk/uksi/1994/2679/article/2), [3](https://www.legislation.gov.uk/uksi/1994/2679/article/3) (with [art. 4(3)](https://www.legislation.gov.uk/uksi/1994/2679/article/4/3))
[^c22803651]: [S. 827(1C)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1C) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 5 para. 40](https://www.legislation.gov.uk/ukpga/1996/8/schedule/5/paragraph/40)
[^c22803671]: [S. 827(1D)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1D) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 7 para. 4](https://www.legislation.gov.uk/ukpga/2000/17/schedule/7/paragraph/4)
[^c22803691]: [S. 827(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1E) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 49(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/49/3)
[^c23814871]: [S. 827(1G)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1G) inserted (10.7.2003 subject to Sch. 19 to the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 18 para. 3(6)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/18/paragraph/3/6)
[^c23814891]: [S. 827(1F)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1F) inserted (27.11.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [ss. 24(7)](https://www.legislation.gov.uk/ukpga/2003/14/section/24/7), [40](https://www.legislation.gov.uk/ukpga/2003/14/section/40); [S.I. 2003/2985](https://www.legislation.gov.uk/uksi/2003/2985), [art. 2](https://www.legislation.gov.uk/uksi/2003/2985/article/2)
[^c23814911]: Words in [s. 827](https://www.legislation.gov.uk/ukpga/1988/1/section/827) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 332(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/332/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23815001]: Words in [s. 827(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 332(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/332/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23815021]: [S. 827(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 332(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/332/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21629671]: 1989 s.178(6).
[^c22803721]: Words in [s. 828(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/2) substituted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 24](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/24)
[^c23815061]: Words in [s. 828(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/1) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 105(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/105/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23815081]: Words in [s. 828(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/3) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 105(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/105/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23815161]: Words in [s. 828(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 334(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/334/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23815181]: Words in [s. 828(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/5/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 334(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/334/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23815141]: Words in [s. 828(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/5/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 334(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/334/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23815261]: Words in [s. 828(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 208(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/208/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23815331]: Words in [s. 828(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 208(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/208/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23815281]: Words in [s. 828(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 208(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/208/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23815301]: Words in [s. 828(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/5) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 208(6)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/208/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23815421]: Words in [s. 828(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/5) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 208(6)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/208/6/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23815321]: Words in [s. 828(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/5/a) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 208(6)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/208/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23815431]: Words in [s. 828(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/5/a) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 208(6)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/208/6/d), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23815441]: Words in [s. 828(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/2) inserted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 7(8)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/7/8)
[^c21629771]: Source—1973 s.38(1), (2)-(4), (6)
[^c21629781]: [1964 c. 29](https://www.legislation.gov.uk/ukpga/1964/29).
[^c22803791]: Word in [s. 830(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/830/4) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23816181]: [S. 830(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/830/4) modified (with effect in accordance with s. 153(4) of the modifying Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/a)
[^c23816191]: Words in [s. 830(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/830/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 335](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/335), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816211]: Words in [s. 830(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/830/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 210](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/210), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21630391]: 1970 s.526(5), 527(1); 1971 s.32(1), (1D), Sch.8 16(3); 1976 Sch.4 11; 1972 s.93(6); 1979(C), Sch.7; 1981 s.34(5); 1987 Sch.15 2(20)
[^c21630421]: [1986 c. 53](https://www.legislation.gov.uk/ukpga/1986/53).
[^c21630441]: Word in [s. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1) substituted (6.3.1992 with effect as mentioned in s. 289(1)(2) of the substituting Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(54)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/54) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21630491]: 1990 s.127*and* Sch.18 para.5(3)*on and after* 1*April* 1990.*Previously* “ “local authority” and “local authority association” have the meanings given by section 519;”.
[^c21630501]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "lower rate" inserted (16.3.1992 with application for the year 1992-93 and subsequent years of assessment) by [Finance Act 1992 (c. 20)](https://www.legislation.gov.uk/ukpga/1992/20), [s. 9(9)(10)(11)](https://www.legislation.gov.uk/ukpga/1992/20/section/9/9/10/11)
[^c21630511]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of “the rate applicable to trusts” inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras.15](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/15), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21630531]: Source—1970 s.526(6)
[^c21630541]: Source—1970 s.526(3), (4)
[^c22804321]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "recognised clearing system" repealed (with effect in accordance with Sch. 7 para. 32 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 25](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/25), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2), Note (with Sch. 7 paras. 33-35)
[^c22804331]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "Schedule A business" inserted (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/28)
[^c22804351]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "additional rate" repealed (with effect in accordance with Sch. 18 Pt. 6(1) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/1)
[^c22804371]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definitions of "open-ended investment company", "authorised corporate director", "owner of shares" and "scheme property" inserted (28.4.1997) by The Open-ended [Investment Companies (Tax) Regulations 1997 (S.I. 1997/1154)](https://www.legislation.gov.uk/uksi/1997/1154), [reg. 14](https://www.legislation.gov.uk/uksi/1997/1154/regulation/14)
[^c22804391]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definitions of "the Schedule F ordinary rate", "the Schedule F trust rate", and "the Schedule F upper rate" inserted (with effect in accordance with [Sch. 4 para. 22(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/22/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 22(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/22/1)
[^c22804431]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "franked investment income" substituted (with effect in accordance with [Sch. 3 para. 39(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/8) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 39(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/2)
[^c22804491]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "franked payment" repealed (with effect in accordance with Sch. 3 para. 39(8) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 39(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/3), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22804501]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "group income" repealed (with effect in accordance with Sch. 3 para. 39(9) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 39(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/4), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22804471]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): words in definition of "notice" inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 118(10)](https://www.legislation.gov.uk/ukpga/1998/36/section/118/10)
[^c22804511]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "the rate of advance corporation tax" repealed (with effect in accordance with Sch. 3 para. 39(9) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 39(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/5), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22804521]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "surplus of franked investment income" repealed (with effect in accordance with Sch. 3 para. 39(8) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 39(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/6), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22804451]: [S. 832(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/4A) inserted (with effect in accordance with [Sch. 3 para. 39(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/8) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 39(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/7)
[^c22804581]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "starting rate" and "starting rate limit" inserted after the definition of "Schedule A business" (with effect in accordance with [s. 22(12)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/12) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 22(10)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/10/b)
[^c22804601]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): words in definition of "capital allowance" substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 60(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/60/a)
[^c22804621]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "the Capital Allowances Act" substituted for definition of "the Capital Allowances Acts" (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 60(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/60/b)
[^c22804641]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "investment LLP" and "property investment LLP" inserted (6.4.2001 with effect in accordance with [s. 76(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/2), [Sch. 25 para. 1(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/1/2)
[^c22804701]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "for accounting purposes" inserted (with effect in accordance with [s. 103(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/1)
[^c22804681]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "generally accepted accounting practice" inserted (with effect in accordance with [s. 103(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/1)
[^c22804721]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "period of account" inserted (with effect in accordance with [s. 103(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/1)
[^c23816661]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "permanent establishment" inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 148(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/148/6)
[^c23816741]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): words in definition of "generally accepted accounting practice" substituted (with effect in accordance with [s. 50(6)](https://www.legislation.gov.uk/ukpga/2005/7/section/50/6) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7), Note 1)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 50(5)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/50/5/a)
[^c23816701]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "international accounting standards" inserted (with effect in accordance with [s. 50(6)](https://www.legislation.gov.uk/ukpga/2005/7/section/50/6) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7), Note 1)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 50(5)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/50/5/b)
[^c23816681]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "offshore installation" inserted (with effect in accordance with [Sch. 27 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 para. 2](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/2)
[^c23816721]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "UK generally accepted accounting practice" inserted (with effect in accordance with [s. 50(6)](https://www.legislation.gov.uk/ukpga/2005/7/section/50/6) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7), Note 1)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 50(5)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/50/5/b)
[^c23816761]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "estate in land" inserted (S.) (28.11.2004) by Abolition of Feudal Tenure etc. (Scotland) Act (asp 5), ss. 71, 77(2)(c); [S.S.I. 2003/456](https://www.legislation.gov.uk/ssi/2003/456), [art. 2](https://www.legislation.gov.uk/ssi/2003/456/article/2)
[^c23816781]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "overseas property business" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 337(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/337/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816871]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "relevant foreign income" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 337(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/337/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816821]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): words in definition of "Schedule A business" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 337(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/337/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816801]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "tax credit" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 337(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/337/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816891]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "UK property business" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 337(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/337/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816911]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "Ulster Savings Certificates" repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 337(g)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/337/g), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816941]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "step-child" inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [99](https://www.legislation.gov.uk/uksi/2005/3229/regulation/99)
[^c23816961]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "registered pension scheme" inserted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 35(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/35/2) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23816981]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "scheme administrator" inserted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 35(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/35/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23817001]: Words in [s. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817121]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "basic rate" and "basic rate limit" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817141]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "higher rate" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817161]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "industrial assurance business" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/d), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817181]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "interest" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(e)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/e), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817201]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "investment LLP" and "property investment LLP" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(f)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/f), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817221]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "lower rate" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(g)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/g), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817241]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): words in definition of "notice" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(h)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/h), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817261]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): in definition of "overseas property business", para. (a) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/i), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817281]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): in definition of "overseas property business", words in para. (b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/i), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817301]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "preference dividend" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(j)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/j), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817081]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "property investment LLP" inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(k)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/k) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817321]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "the rate applicable to trusts" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(l)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/l), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817341]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "relevant foreign income" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(m)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/m), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817361]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "starting rate" and "starting rate limit" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(n)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/n), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817441]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definitions of "the dividend ordinary rate", "the dividend trust rate" and "the dividend upper rate" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(q)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/q), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817381]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "step-child" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(o)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/o), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817401]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): in definition of "tax credit", words in para. (a) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(p)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/p), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817421]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): in definition of "tax credit", para. (b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(p)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/p), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817481]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "UK property business" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(r)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/r), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817061]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "unit trust scheme" substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(s)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/s) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817101]: [S. 832(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/2A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817021]: Words in [s. 832(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/4A) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817501]: [S. 832(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/5) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/5), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21630741]: Source—1970 s.527.
[^c22805331]: Words in [s. 834(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/3) substituted (with effect in accordance with [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 6](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/6)
[^c22805371]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): definition of "allowable loss" excluded (with effect in accordance with s. 63(4) of the excluding Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 94(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/94/4)
[^c22805351]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): definitions of "loan relationship" and "non-trading deficit" inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 49](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/49) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22805381]: Words in [s. 834(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/2) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 61](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/61), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22805421]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): words in definition of "accounting date" repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c22805411]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): words in definition of "charges on income" substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 1(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/1/4)
[^c22805391]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): definition of "derivative contract" inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 13](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/13)
[^c23817821]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): definition of "chargeable profits" inserted (with effect in accordance with [s. 149(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/149/6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 149(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/149/5)
[^c23817841]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): definition of "statutory insolvency arrangement" inserted (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 8](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/8)
[^c23817861]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): words in definition of "allowable loss" inserted (with effect in accordance with [s. 69(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/69/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 69(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/69/4)
[^c23817881]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): definition of "venture capital trust" inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 214](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/214) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817901]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): words in definition of "allowable loss" substituted (with effect in accordance with [s. 27(6)](https://www.legislation.gov.uk/ukpga/2007/11/section/27/6) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 27(5)](https://www.legislation.gov.uk/ukpga/2007/11/section/27/5)
[^c21630981]: [S. 838](https://www.legislation.gov.uk/ukpga/1988/1/section/838) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 184(1)(a)](https://www.legislation.gov.uk/ukpga/1992/12/section/184/1/a), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/60/1), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)) [S. 838](https://www.legislation.gov.uk/ukpga/1988/1/section/838) applied (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 189(6)](https://www.legislation.gov.uk/ukpga/1993/34/section/189/6)
[^c22805691]: [S. 838](https://www.legislation.gov.uk/ukpga/1988/1/section/838) modified (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 50(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/50/7)
[^c21630991]: Source—1970 s.532.
[^c21631011]: Definition in s. 838 modified (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 170(2)(c)](https://www.legislation.gov.uk/ukpga/1992/12/section/170/2/c), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/60/1), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22805681]: [S. 838(2)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/838/2) applied (30.3.1995) by [The Electricity (Class Exemptions from the Requirement for a Licence) (No. 2) Order 1995 (S.I. 1995/909)](https://www.legislation.gov.uk/uksi/1995/909), [art. 2(2)(c)](https://www.legislation.gov.uk/uksi/1995/909/article/2/2/c) [S. 838(2)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/838/2) applied (1.10.2001) by [The Electricity (Class Exemptions from the Requirement for a Licence) Order 2001 (S.I. 2001/3270)](https://www.legislation.gov.uk/uksi/2001/3270), [art. 2(2)(c)](https://www.legislation.gov.uk/uksi/2001/3270/article/2/2/c) [S. 838(2)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/838/2) applied (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 50(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/50/7)
[^c21631021]: [S. 838(4)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/838/4) applied (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2), [Pt. I para. 31(11)](https://www.legislation.gov.uk/ukpga/1993/37/part/I/paragraph/31/11)
[^c23818591]: [S. 838](https://www.legislation.gov.uk/ukpga/1988/1/section/838) applied (1.1.2008 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Scientific Research Organisations Regulations 2007 (S.I. 2007/3426)](https://www.legislation.gov.uk/uksi/2007/3426), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/3426/regulation/1/1), [2(3)](https://www.legislation.gov.uk/uksi/2007/3426/regulation/2/3)
[^c23818611]: [S. 838](https://www.legislation.gov.uk/ukpga/1988/1/section/838) applied (with effect in accordance with s. 93(2) of the affecting Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 46 para. 18(3)(4)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/46/paragraph/18/3/4)
[^c23818581]: Words in [s. 838(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/838/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 222](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/222) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23818601]: [S. 838(2)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/838/2) applied (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 768(9)](https://www.legislation.gov.uk/ukpga/2009/4/section/768/9) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c21631141]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 104(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/104/3), [112(7)(b)](https://www.legislation.gov.uk/ukpga/1991/31/section/112/7/b) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [1983 c. 55](https://www.legislation.gov.uk/ukpga/1983/55), [Sch. 4A para. 1(5)](https://www.legislation.gov.uk/ukpga/1983/55/schedule/4A/paragraph/1/5) (as inserted (1.12.1992 for specified purposes and 1.1.1993 otherwise) by Finance No. 2 Act 1992 (c. 48), s. 14(2), Sch. 3 Pt. I para. 62; [S.I. 1992/2979](https://www.legislation.gov.uk/uksi/1992/2979), [art. 4](https://www.legislation.gov.uk/uksi/1992/2979/article/4), [Sch. Pt. II](https://www.legislation.gov.uk/uksi/1992/2979/schedule/part/II); [S.I. 1992/3261](https://www.legislation.gov.uk/uksi/1992/3261), [art. 3](https://www.legislation.gov.uk/uksi/1992/3261/article/3),Sch.) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 193(6)](https://www.legislation.gov.uk/ukpga/1993/34/section/193/6)
[^c21631151]: Source—1970 s.533.
[^c21631161]: [S. 839(2)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/2) applied (E.W.S.) (16.1.1992) by [S.I. 1992/58](https://www.legislation.gov.uk/uksi/1992/58), [art. 8(9)(b)](https://www.legislation.gov.uk/uksi/1992/58/article/8/9/b), [Sch. 1 para. 3](https://www.legislation.gov.uk/uksi/1992/58/schedule/1/paragraph/3)
[^c21631231]: [1958 c. 45](https://www.legislation.gov.uk/ukpga/1958/45).
[^c21631241]: [1940 c. 9 (N.I.)](https://www.legislation.gov.uk/apni/1940/9)
[^c22805721]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 127(19) of the affecting Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 127(17)](https://www.legislation.gov.uk/ukpga/1995/4/section/127/17)
[^c22805731]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 15(7)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/15/7) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 105(1), Sch. 13 para. 8(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 8(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/8/3) (with [Sch. 13 para. 6](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/6))
[^c22805741]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1986 (c. 8)](https://www.legislation.gov.uk/ukpga/1986/8), [s. 80B(1)](https://www.legislation.gov.uk/ukpga/1986/8/section/80B/1) (as inserted by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 97(1)(4)(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/97/1/4/6); [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). 1997/ 2428, art. 2) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1986 (c. 8)](https://www.legislation.gov.uk/ukpga/1986/8), [s. 88B(1)](https://www.legislation.gov.uk/ukpga/1986/8/section/88B/1) (as inserted by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 102(1)(4)(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/102/1/4/6); [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). 1997/ 2428, art. 2)
[^c22805751]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 6A para. 1(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/6A/paragraph/1/2) (as inserted by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [ss. 22(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/22/3), [24](https://www.legislation.gov.uk/ukpga/1997/16/section/24), [Sch. 4](https://www.legislation.gov.uk/ukpga/1997/16/schedule/4))
[^c22805761]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Value Added Tax Act 1994 (c. 23)](https://www.legislation.gov.uk/ukpga/1994/23), [Sch. 9](https://www.legislation.gov.uk/ukpga/1994/23/schedule/9) Group 2 Note (6) (as substituted by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 38](https://www.legislation.gov.uk/ukpga/1997/16/section/38)) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Value Added Tax Act 1994 (c. 23)](https://www.legislation.gov.uk/ukpga/1994/23), [Sch. 10 para. 3A(14)](https://www.legislation.gov.uk/ukpga/1994/23/schedule/10/paragraph/3A/14) (as inserted by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 37(3)-(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/37/3))
[^c22805771]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 12 para. 25(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/25/2)
[^c22805701]: [S. 839(3)(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/3/3A) substituted for s. 839(3) (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 20](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/20)
[^c22806611]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 48(11) of the affecting Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 48(10)](https://www.legislation.gov.uk/ukpga/1997/58/section/48/10)
[^c22806621]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 47(10)](https://www.legislation.gov.uk/ukpga/1998/36/section/47/10) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 11 para. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/11/paragraph/3/4)
[^c22806631]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 97(2)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/97/2/a)
[^c22806641]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (28.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 119(9)(13)](https://www.legislation.gov.uk/ukpga/2000/17/section/119/9/13) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 62 of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 14 para. 71(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/14/paragraph/71/2) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 63(4) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 102(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/102/3) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 69(1) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 20 para. 25(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/25/2) (with [Sch. 20 para. 26](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/26))
[^c22806651]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 579 of the affecting Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 575(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/575/1) (with [s. 575(2)](https://www.legislation.gov.uk/ukpga/2001/2/section/575/2))
[^c22806661]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 70(1) of the affecting Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 22 para. 31(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/31/4) (with [Sch. 22 para. 32](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/32))
[^c22806671]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (1.4.2002) by [The Aggregates Levy (General) Regulations 2002 (S.I. 2002/761)](https://www.legislation.gov.uk/uksi/2002/761), [reg. 12(2)](https://www.legislation.gov.uk/uksi/2002/761/regulation/12/2)
[^c22806681]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (1.6.2002) by [The Beer Regulations 1993 (S.I. 1993/1228)](https://www.legislation.gov.uk/uksi/1993/1228), [Sch. 1](https://www.legislation.gov.uk/uksi/1993/1228/schedule/1) (as amended by [The Beer and Excise Warehousing (Amendment) Regulations 2002 (S.I. 2002/1265)](https://www.legislation.gov.uk/uksi/2002/1265), [reg. 2(5)(b)](https://www.legislation.gov.uk/uksi/2002/1265/regulation/2/5/b))
[^c22806721]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 55(7) of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 55(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/55/5) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 9A(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/9A/5) (as inserted (with effect in accordance with [s. 104(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/104/5) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 104(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/104/3)) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Alcoholic Liquor Duties Act 1979 (c. 4)](https://www.legislation.gov.uk/ukpga/1979/4), [s. 36B(8)](https://www.legislation.gov.uk/ukpga/1979/4/section/36B/8) (as inserted (1.6.2002) [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 4(1)(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/4/1/2), [Sch. 1 para. 2](https://www.legislation.gov.uk/ukpga/2002/23/schedule/1/paragraph/2)) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 53(1) of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 12 para. 19(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/12/paragraph/19/2) (with [Sch. 12 para. 20](https://www.legislation.gov.uk/ukpga/2002/23/schedule/12/paragraph/20)) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with Sch. 13 para. 28 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 13 para. 27(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/27/2) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with Sch. 37 para. 2(5) of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 37 para. 2(4)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/37/paragraph/2/4/b)
[^c22806731]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 4 para. 4A(3)](https://www.legislation.gov.uk/uksi/2001/1004/schedule/4/paragraph/4A/3) (as inserted (28.11.2002) by The Social Security (Contributions)(Amendment No. 5) Regulations 2002 ([S.I. 2002/2929](https://www.legislation.gov.uk/uksi/2002/2929)), reg. 5)
[^c23818621]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (23.1.2003 with effect in accordance with s. 57(4)(a) of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 57(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/57/3), [Sch. 16 para. 51(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/16/paragraph/51/3); [S.I. 2003/88](https://www.legislation.gov.uk/uksi/2003/88), [art. 2](https://www.legislation.gov.uk/uksi/2003/88/article/2)
[^c23818631]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 718](https://www.legislation.gov.uk/ukpga/2003/1/section/718) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23818641]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (10.7.2003 with effect in accordance with Sch. 19 of the affecting Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [ss. 45(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/45/6), [53(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/53/2), [58(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/58/5), [108(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/108/1), [Sch. 4 paras. 1(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/4/paragraph/1/2), [10(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/4/paragraph/10/4), [12(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/4/paragraph/12/2); [S.I. 2003/2899](https://www.legislation.gov.uk/uksi/2003/2899), [art. 2](https://www.legislation.gov.uk/uksi/2003/2899/article/2)
[^c23818651]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 26 para. 7(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/26/paragraph/7/3)
[^c23818661]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 6A para. 10](https://www.legislation.gov.uk/ukpga/2003/14/schedule/6A/paragraph/10) (as inserted (1.12.2003) by [The Stamp Duty and Stamp Duty Land Tax (Variation of the Finance Act 2003) (No. 2) Regulations 2003 (S.I. 2003/2816)](https://www.legislation.gov.uk/uksi/2003/2816), [reg. 1](https://www.legislation.gov.uk/uksi/2003/2816/regulation/1), [Sch. para. 3(2)](https://www.legislation.gov.uk/uksi/2003/2816/schedule/paragraph/3/2) (replacing [S.I. 2003/2760](https://www.legislation.gov.uk/uksi/2003/2760), [reg. 1](https://www.legislation.gov.uk/uksi/2003/2760/regulation/1), [Sch. para. 3(2)](https://www.legislation.gov.uk/uksi/2003/2760/schedule/paragraph/3/2)); and [S.I. 2003/2816](https://www.legislation.gov.uk/uksi/2003/2816) is revoked and replaced by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 39 paras. 14](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/14), [17(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/17/2), [26](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/26)
[^c23818671]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [The Value Added Tax Regulations 1995 (S.I. 1995/2518)](https://www.legislation.gov.uk/uksi/1995/2518), [reg. 171(7)(8)](https://www.legislation.gov.uk/uksi/1995/2518/regulation/171/7/8) (as inserted (11.12.2003) by [The Value Added Tax (Amendment) (No. 6) Regulations 2003 (S.I. 2003/3220)](https://www.legislation.gov.uk/uksi/2003/3220), [regs. 1(1)(b)](https://www.legislation.gov.uk/uksi/2003/3220/regulation/1/1/b), [23](https://www.legislation.gov.uk/uksi/2003/3220/regulation/23))
[^c23818681]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 278(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/278/4) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23818691]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with modifications) (with effect in accordance with s. 84(2) of the affecting Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 15 para. 2](https://www.legislation.gov.uk/ukpga/2004/12/schedule/15/paragraph/2)
[^c23818701]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 45A(10)](https://www.legislation.gov.uk/ukpga/2003/14/section/45A/10) (as inserted (with effect in accordance with [Sch. 39 para. 13(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/13/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 39 para. 5(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/5/5))
[^c23818711]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 44(11)](https://www.legislation.gov.uk/ukpga/2003/14/section/44/11) (as inserted (with effect in accordance with [Sch. 39 para. 26](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/26) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 39 para. 15(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/15/4))
[^c23818721]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 6A para. 10](https://www.legislation.gov.uk/ukpga/2003/14/schedule/6A/paragraph/10) (as inserted (with effect in accordance with [Sch. 39 para. 26](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/26) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 39 para. 17(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/17/2))
[^c23818731]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with modifications) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 15 para. 39](https://www.legislation.gov.uk/ukpga/2003/14/schedule/15/paragraph/39) (as substituted (with effect in accordance with [Sch. 41 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/41/paragraph/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 41 para. 1](https://www.legislation.gov.uk/ukpga/2004/12/schedule/41/paragraph/1))
[^c23818741]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (1.8.2004) by [The Tax Avoidance Schemes (Prescribed Descriptions of Arrangements) Regulations 2004 (S.I. 2004/1863)](https://www.legislation.gov.uk/uksi/2004/1863), [reg. 1(1)(3)](https://www.legislation.gov.uk/uksi/2004/1863/regulation/1/1/3)
[^c23818751]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (1.8.2004) by [The Tax Avoidance Schemes (Promoters and Prescribed Circumstances) Regulations 2004 (S.I. 2004/1865)](https://www.legislation.gov.uk/uksi/2004/1865), [reg. 1(1)(3)](https://www.legislation.gov.uk/uksi/2004/1865/regulation/1/1/3)
[^c23818761]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (24.3.2005) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 878(5)](https://www.legislation.gov.uk/ukpga/2005/5/section/878/5), [883(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/3/b)
[^c22806591]: Words in [s. 839(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/8) inserted (28.4.1997) by The Open-ended [Investment Companies (Tax) Regulations 1997 (S.I. 1997/1154)](https://www.legislation.gov.uk/uksi/1997/1154), [reg. 15](https://www.legislation.gov.uk/uksi/1997/1154/regulation/15)
[^c23818791]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with modifications) (7.4.2005) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 83(9)](https://www.legislation.gov.uk/ukpga/2005/7/section/83/9)
[^c23818801]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(4)(n)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/4/n), [31(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/31/3), [Sch. 3 para. 12](https://www.legislation.gov.uk/ukpga/2005/22/schedule/3/paragraph/12)
[^c23818811]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 91D(12)](https://www.legislation.gov.uk/ukpga/1996/8/section/91D/12) (as inserted (with effect in accordance with [Sch. 7 para. 10(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/10/7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 10(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/10/4))
[^c23818821]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 17A para. 18A(6)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/17A/paragraph/18A/6) (as inserted (with effect in accordance with [Sch. 10 para. 16(5)-(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/10/paragraph/16/5) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 10 para. 14](https://www.legislation.gov.uk/ukpga/2005/22/schedule/10/paragraph/14))
[^c23818831]: Words in [s. 839(2)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/2/4) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [100](https://www.legislation.gov.uk/uksi/2005/3229/regulation/100)
[^c23819041]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 161(8)](https://www.legislation.gov.uk/ukpga/2004/12/section/161/8), [273(11)](https://www.legislation.gov.uk/ukpga/2004/12/section/273/11), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23818941]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 266A(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/266A/7) (as inserted (6.4.2006) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 10 paras. 4](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/4), [64(1)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/64/1))
[^c23818951]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 162(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/162/6) (as inserted (6.4.2006) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 10 paras. 6(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/6/4), [64(1)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/64/1))
[^c23818961]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 172A(11)](https://www.legislation.gov.uk/ukpga/2004/12/section/172A/11), [172B(9)](https://www.legislation.gov.uk/ukpga/2004/12/section/172B/9), [172C(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/172C/7), [172D(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/172D/6) (as inserted (6.4.2006) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 10 paras. 38](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/38), [64(1)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/64/1))
[^c23818971]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 36 para. 11D(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36/paragraph/11D/5) (as inserted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 161(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/161/2), [Sch. 23 para. 38](https://www.legislation.gov.uk/ukpga/2006/25/schedule/23/paragraph/38))
[^c23818981]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (6.4.2006) by [The Pension Schemes (Reduction in Pension Rates) Regulations 2006 (S.I. 2006/138)](https://www.legislation.gov.uk/uksi/2006/138), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/138/regulation/1/1), [2(3)](https://www.legislation.gov.uk/uksi/2006/138/regulation/2/3)
[^c23818991]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (6.4.2006) by [The Registered Pension Schemes (Provision of Information) Regulations 2006 (S.I. 2006/567)](https://www.legislation.gov.uk/uksi/2006/567), [regs. 1](https://www.legislation.gov.uk/uksi/2006/567/regulation/1), [2(2)](https://www.legislation.gov.uk/uksi/2006/567/regulation/2/2)
[^c23819021]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [The Authorised Investment Funds Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 52A(7)](https://www.legislation.gov.uk/uksi/2006/964/regulation/52A/7) (as inserted (7.12.2006) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2006 (S.I. 2006/3239)](https://www.legislation.gov.uk/uksi/2006/3239), [regs. 1](https://www.legislation.gov.uk/uksi/2006/3239/regulation/1), [2](https://www.legislation.gov.uk/uksi/2006/3239/regulation/2))
[^c23819031]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (14.12.2006 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Oil Taxation (Market Value of Oil) Regulations 2006 (S.I. 2006/3313)](https://www.legislation.gov.uk/uksi/2006/3313), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/3313/regulation/1/1), [8(4)](https://www.legislation.gov.uk/uksi/2006/3313/regulation/8/4)
[^c23819011]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (1.1.2007) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [ss. 34(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/34/4), [53(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/53/1); [S.I. 2006/3399](https://www.legislation.gov.uk/uksi/2006/3399), [art. 2](https://www.legislation.gov.uk/uksi/2006/3399/article/2)
[^c23819001]: [S. 839(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/2) applied (6.4.2006) by [The Registered Pension Schemes (Authorised Surplus Payments) Regulations 2006 (S.I. 2006/574)](https://www.legislation.gov.uk/uksi/2006/574), [regs. 1](https://www.legislation.gov.uk/uksi/2006/574/regulation/1), [2(5)](https://www.legislation.gov.uk/uksi/2006/574/regulation/2/5)
[^c23818921]: Word at the end of s. 839(3)(b) repealed (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 25(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/25/a), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15), Note
[^c23818881]: [S. 839(3)(d)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/3/d/e) substituted for words in s. 839(3) (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 25(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/25/b), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23818901]: [S. 839(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/3B) inserted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 25(c)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/25/c), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23819091]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with modifications) (28.12.2007 with effect in accordance with reg. 1 of the affecting S.I.) by [The Taxation of Insurance Securitisation Companies Regulations 2007 (S.I. 2007/3402)](https://www.legislation.gov.uk/uksi/2007/3402), [reg. 2(2)](https://www.legislation.gov.uk/uksi/2007/3402/regulation/2/2)
[^c23819101]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (1.1.2008 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Scientific Research Organisations Regulations 2007 (S.I. 2007/3426)](https://www.legislation.gov.uk/uksi/2007/3426), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/3426/regulation/1/1), [14(4)](https://www.legislation.gov.uk/uksi/2007/3426/regulation/14/4)
[^c23819111]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69J(10)(b)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69J/10/b) (as inserted (6.4.2008) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I. 2008/705)](https://www.legislation.gov.uk/uksi/2008/705), [regs. 1](https://www.legislation.gov.uk/uksi/2008/705/regulation/1), [5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5))
[^c23819121]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Oil Taxation Act 1975 (c. 22)](https://www.legislation.gov.uk/ukpga/1975/22), [Sch. 5 para. 2B(2)](https://www.legislation.gov.uk/ukpga/1975/22/schedule/5/paragraph/2B/2) (as substituted (with effect in accordance with [s. 103(2)](https://www.legislation.gov.uk/ukpga/2008/9/section/103/2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 103(1)](https://www.legislation.gov.uk/ukpga/2008/9/section/103/1))
[^c23819131]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 12(2E)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/12/2E) (as inserted (with effect in accordance with [Sch. 22 para. 5(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/22/paragraph/5/3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 22 para. 5(1)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/22/paragraph/5/1))
[^c23819141]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 28(3ZC)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/28/3ZC) (as inserted (with effect in accordance with [Sch. 22 para. 5(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/22/paragraph/5/3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 22 para. 5(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/22/paragraph/5/2))
[^c23819151]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 91H(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/91H/5), [91I(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/91I/6) (as inserted (with effect in accordance with [Sch. 22 para. 17(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/22/paragraph/17/3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 22 para. 17(1)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/22/paragraph/17/1))
[^c23819161]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 94B(10)](https://www.legislation.gov.uk/ukpga/1996/8/section/94B/10) (as inserted (with effect in accordance with [Sch. 22 para. 18(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/22/paragraph/18/3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 22 para. 18(1)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/22/paragraph/18/1))
[^c23819171]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 34(7)](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/34/7)
[^c23819181]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 14C(10)(b)](https://www.legislation.gov.uk/uksi/2006/964/regulation/14C/10/b) (as inserted (1.1.2009 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159)](https://www.legislation.gov.uk/uksi/2008/3159), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2008/3159/regulation/1/1), [11](https://www.legislation.gov.uk/uksi/2008/3159/regulation/11))
[^c23819191]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1316(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1316/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23819201]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Betting and Gaming Duties Act 1981 (c. 63)](https://www.legislation.gov.uk/ukpga/1981/63), [s. 21(7)](https://www.legislation.gov.uk/ukpga/1981/63/section/21/7) (as inserted (1.6.2009) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [s. 22(6)(12)](https://www.legislation.gov.uk/ukpga/2009/10/section/22/6/12))
[^c23819211]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 9 paras. 5(2B)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/9/paragraph/5/2B), [7(9)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/9/paragraph/7/9) (as inserted (with effect in accordance with [s. 81(8)](https://www.legislation.gov.uk/ukpga/2009/10/section/81/8) of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [s. 81(6)(b)(7)(b)](https://www.legislation.gov.uk/ukpga/2009/10/section/81/6/b/7/b))
[^c23819221]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with Sch. 3 para. 11 of the affecting Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 3 para. 8](https://www.legislation.gov.uk/ukpga/2009/10/schedule/3/paragraph/8)
[^c23819231]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (1.12.2009 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [76(3)(b)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/76/3/b), [82(3)(b)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/82/3/b) (with [regs. 119](https://www.legislation.gov.uk/uksi/2009/3001/regulation/119), [122](https://www.legislation.gov.uk/uksi/2009/3001/regulation/122), [Sch. 1](https://www.legislation.gov.uk/uksi/2009/3001/schedule/1))
[^c23819051]: Words in [s. 839(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 223(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/223/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23819071]: [S. 839(3B)(b)(i)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/3B/b/i/ii) substituted for words in s. 839(3B)(b) (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 223(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/223/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22806791]: [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 87(3)](https://www.legislation.gov.uk/ukpga/1988/39/section/87/3) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 67(3)](https://www.legislation.gov.uk/ukpga/1989/26/section/67/3) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s.77(6)](https://www.legislation.gov.uk/ukpga/1990/1/section/77/6) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 22 para. 17(6)(a)(ii)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/22/paragraph/17/6/a/ii) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 8(9)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/8/9) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (1.2.2001) by [Trustee Act 2000 (c. 29)](https://www.legislation.gov.uk/ukpga/2000/29), [ss. 19(3)](https://www.legislation.gov.uk/ukpga/2000/29/section/19/3), [42(2)](https://www.legislation.gov.uk/ukpga/2000/29/section/42/2); [S.I. 2001/49](https://www.legislation.gov.uk/uksi/2001/49), [art. 2](https://www.legislation.gov.uk/uksi/2001/49/article/2) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (29.7.2002) by [Trustee Act (Northern Ireland) 2001 (c. 14)](https://www.legislation.gov.uk/nia/2001/14), [ss. 19(3)](https://www.legislation.gov.uk/nia/2001/14/section/19/3), [45(1)](https://www.legislation.gov.uk/nia/2001/14/section/45/1); [S.R. 2002/253](https://www.legislation.gov.uk/nisr/2002/253), [art. 2](https://www.legislation.gov.uk/nisr/2002/253/article/2) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [Sch. 5AA para. 4(3)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5AA/paragraph/4/3) (as inserted (with effect in accordance with [Sch. 9 para. 7](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 3](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/3))
[^c23819241]: [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (23.1.2003 with effect in accordance with s. 57(4)(a) of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 57(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/57/3), [Sch. 16 para. 14(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/16/paragraph/14/3); [S.I. 2003/88](https://www.legislation.gov.uk/uksi/2003/88), [art. 2](https://www.legislation.gov.uk/uksi/2003/88/article/2)
[^c23819251]: [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied and extended (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [ss. 69](https://www.legislation.gov.uk/ukpga/2003/1/section/69), [719](https://www.legislation.gov.uk/ukpga/2003/1/section/719) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23819261]: [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (with effect in accordance with s. 77 of the affecting Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 65(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/65/3)
[^c23819271]: [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (24.3.2005) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 878(6)](https://www.legislation.gov.uk/ukpga/2005/5/section/878/6), [883(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/3/b)
[^c21631261]: Source—1970 s.534
[^c23819301]: [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 73AB(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/73AB/4) (as inserted (with effect in accordance with [s. 155(4)](https://www.legislation.gov.uk/ukpga/2008/9/section/155/4) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 155(3)](https://www.legislation.gov.uk/ukpga/2008/9/section/155/3))
[^c23819311]: [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1316(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/1316/2) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23819281]: Words in [s. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 224](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/224) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23819441]: [S. 841](https://www.legislation.gov.uk/ukpga/1988/1/section/841) substituted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/2)
[^c21631371]: Source—1970 s.359; 1973 s.54; 1979(C) Sch.7.
[^c21631381]: 1988(F) s.117(1)(a)*for accounting periods ending after* 5*th April* 1988.
[^c21631391]: 1988(F) s.117(1)(b)*for accounting periods ending after* 5*th April* 1988.*Previously* “that the shares or securities of the company are quoted on the Stock Exchange and”.
[^c21631401]: 1988(F) s.117(1)(c)*for accounting periods ending after* 5*th April* 1988.
[^c21631411]: 1990 s.55*in relation to accounting periods ending on or after* 26*July* 1990.
[^c21631421]: Words in [s. 842(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/4) substituted (with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(55)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/55) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22806941]: Words in [s. 842(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/4) substituted (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/8)
[^c22806991]: [S. 842(1AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1AA) inserted (with effect in accordance with [Sch. 30 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/30/paragraph/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 30 para. 2(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/30/paragraph/2/3)
[^c22807021]: [S. 842(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1A/a) excluded (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 2 para. 12(2)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/2/paragraph/12/2)
[^c22807031]: Words in [s. 842(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/a) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 56(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/56/2/a)
[^c22807051]: Words in [s. 842(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/a) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 56(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/56/2/b)
[^c22807071]: Words in [s. 842(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/e) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 56(3)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/56/3/a)
[^c22807091]: Words in [s. 842(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/e) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 56(3)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/56/3/b)
[^c22807111]: [S. 842(1AB)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1AB) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 56(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/56/4)
[^c22807141]: Words in [s. 842(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/3/c) repealed (with effect in accordance with Sch. 9 paras. 7, 8 of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/2), Note
[^c22807131]: Words in [s. 842(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/4) added (with effect in accordance with Sch. 9 paras. 7, 8(4) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/7)
[^c23819461]: [S. 842(1AC)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1AC) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 45(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/45/4)
[^c23819481]: Words in [s. 842(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/a) restored (as a result of the repeal of amending provision FA 1996 (c. 8), Sch. 30 para. 2(2) with effect in accordance with s. 145(2) of the repealing Act) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 143](https://www.legislation.gov.uk/ukpga/2006/25/section/143), [Sch. 26 Pt. 4](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/4)
[^c23819501]: Words in [s. 842(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/e) restored (as a result of the repeal of amending provision FA 1996 (c. 8), Sch. 30 para. 2(2) with effect in accordance with s. 145(2) of the repealing Act) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 143](https://www.legislation.gov.uk/ukpga/2006/25/section/143), [Sch. 26 Pt. 4](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/4)
[^c23819521]: [S. 842(1AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1AA) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 143(c)](https://www.legislation.gov.uk/ukpga/2006/25/section/143/c), [Sch. 26 Pt. 4](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/4)
[^c23819541]: Words in [s. 842(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 228](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/228) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23819581]: Words in [s. 842(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/c) substituted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 7(9)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/7/9)
[^c23819561]: [S. 842(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/3A) inserted (with effect in accordance with [s. 57(7)](https://www.legislation.gov.uk/ukpga/2007/11/section/57/7) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 57(3)](https://www.legislation.gov.uk/ukpga/2007/11/section/57/3)
[^c21631491]: [S. 842A(2)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/2/a) substituted (1.4.1993) by [Local Government Finance Act 1992 (c. 14)](https://www.legislation.gov.uk/ukpga/1992/14), [s. 117(1)](https://www.legislation.gov.uk/ukpga/1992/14/section/117/1), [Sch. 13 para. 57](https://www.legislation.gov.uk/ukpga/1992/14/schedule/13/paragraph/57) (with [s. 118(1)(2)(4)](https://www.legislation.gov.uk/ukpga/1992/14/section/118/1/2/4)); [S.I. 1992/2454](https://www.legislation.gov.uk/uksi/1992/2454), [art. 3(1)(a)](https://www.legislation.gov.uk/uksi/1992/2454/article/3/1/a)
[^c21631501]: [1988 c. 41](https://www.legislation.gov.uk/ukpga/1988/41).
[^c21631531]: [1973 c. 65](https://www.legislation.gov.uk/ukpga/1973/65).
[^c22807361]: [S. 842A(2)(h)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/2/h) inserted (retrospective to 29.11.1994) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 144](https://www.legislation.gov.uk/ukpga/1995/4/section/144)
[^c22807381]: [1992 c. 19](https://www.legislation.gov.uk/ukpga/1992/19).
[^c22807391]: [S. 842A(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/2/e) repealed (1.4.1995) by [Police and Magistrates' Courts Act 1994 (c. 29)](https://www.legislation.gov.uk/ukpga/1994/29), [s. 94(1)](https://www.legislation.gov.uk/ukpga/1994/29/section/94/1), [Sch. 9 Pt. 1](https://www.legislation.gov.uk/ukpga/1994/29/schedule/9/part/1); [S.I. 1994/3262](https://www.legislation.gov.uk/uksi/1994/3262), [art. 4](https://www.legislation.gov.uk/uksi/1994/3262/article/4), [Sch.](https://www.legislation.gov.uk/uksi/1994/3262/schedule)
[^c22807401]: [S. 842A(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/3/a) substituted (1.4.1996) for s. 842A(3)(a)-(c) by [Local Government etc. (Scotland) Act 1994 (c. 39)](https://www.legislation.gov.uk/ukpga/1994/39), [s. 184(2)](https://www.legislation.gov.uk/ukpga/1994/39/section/184/2), [Sch. 13 para. 155(a)](https://www.legislation.gov.uk/ukpga/1994/39/schedule/13/paragraph/155/a); [S.I. 1996/323](https://www.legislation.gov.uk/uksi/1996/323), [art. 4(1)(c)](https://www.legislation.gov.uk/uksi/1996/323/article/4/1/c)
[^c22807421]: Words in [s. 842A(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/3/e) substituted (1.4.1996) by [Local Government etc. (Scotland) Act 1994 (c. 39)](https://www.legislation.gov.uk/ukpga/1994/39), [s. 184(2)](https://www.legislation.gov.uk/ukpga/1994/39/section/184/2), [Sch. 13 para. 155(b)](https://www.legislation.gov.uk/ukpga/1994/39/schedule/13/paragraph/155/b); [S.I. 1996/323](https://www.legislation.gov.uk/uksi/1996/323), [art. 4(1)(c)](https://www.legislation.gov.uk/uksi/1996/323/article/4/1/c)
[^c22807441]: Words in [s. 842A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/1/a) inserted (1.4.1998) by [Police Act 1997 (c. 50)](https://www.legislation.gov.uk/ukpga/1997/50), [s. 135(1)](https://www.legislation.gov.uk/ukpga/1997/50/section/135/1), [Sch. 9 para. 53(a)](https://www.legislation.gov.uk/ukpga/1997/50/schedule/9/paragraph/53/a); [S.I. 1998/354](https://www.legislation.gov.uk/uksi/1998/354), [art. 2(1)(2)(bb)](https://www.legislation.gov.uk/uksi/1998/354/article/2/1/2/bb)
[^c22807461]: Words in [s. 842A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/1/b) inserted (1.4.1998) by [Police Act 1997 (c. 50)](https://www.legislation.gov.uk/ukpga/1997/50), [s. 135(1)](https://www.legislation.gov.uk/ukpga/1997/50/section/135/1), [Sch. 9 para. 53(b)](https://www.legislation.gov.uk/ukpga/1997/50/schedule/9/paragraph/53/b); [S.I. 1998/354](https://www.legislation.gov.uk/uksi/1998/354), [art. 2(1)(2)(bb)](https://www.legislation.gov.uk/uksi/1998/354/article/2/1/2/bb)
[^c22807481]: Words in [s. 842A(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/1/c) inserted (1.4.1998) by [Police Act 1997 (c. 50)](https://www.legislation.gov.uk/ukpga/1997/50), [s. 135(1)](https://www.legislation.gov.uk/ukpga/1997/50/section/135/1), [Sch. 9 para. 53(c)](https://www.legislation.gov.uk/ukpga/1997/50/schedule/9/paragraph/53/c); [S.I. 1998/354](https://www.legislation.gov.uk/uksi/1998/354), [art. 2(1)(2)(bb)](https://www.legislation.gov.uk/uksi/1998/354/article/2/1/2/bb)
[^c22807501]: Words in [s. 842A(1)(a)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/1/a/b/c) repealed (1.4.2002) by [Criminal Justice and Police Act 2001 (c. 16)](https://www.legislation.gov.uk/ukpga/2001/16), [s. 138(2)](https://www.legislation.gov.uk/ukpga/2001/16/section/138/2), [Sch. 6 para. 71](https://www.legislation.gov.uk/ukpga/2001/16/schedule/6/paragraph/71), [Sch. 7 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/2001/16/schedule/7/part/5/1); [S.I. 2002/344](https://www.legislation.gov.uk/uksi/2002/344), [art. 3(k)(m)](https://www.legislation.gov.uk/uksi/2002/344/article/3/k/m)
[^c23819681]: [S. 842A(2)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/2/f) substituted (E.W.) (1.10.2004 for E. and 10.11.2004 for W.) by [Fire and Rescue Services Act 2004 (c. 21)](https://www.legislation.gov.uk/ukpga/2004/21), [s. 61](https://www.legislation.gov.uk/ukpga/2004/21/section/61), [Sch. 1 para. 64](https://www.legislation.gov.uk/ukpga/2004/21/schedule/1/paragraph/64); [S.I. 2004/2304](https://www.legislation.gov.uk/uksi/2004/2304), [art. 2](https://www.legislation.gov.uk/uksi/2004/2304/article/2) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2304/article/3)); [S.I. 2004/2917](https://www.legislation.gov.uk/uksi/2004/2917), [art. 2](https://www.legislation.gov.uk/uksi/2004/2917/article/2)
[^c23819701]: Words in [s. 842A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 230](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/230) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22806801]: [S. 840A(1)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/840A/1/b/c) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 46(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/46/2)
[^c22806851]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c22806861]: [S.I. 1985/1205 (N.I. 12)](https://www.legislation.gov.uk/nisi/1985/1205).
[^c22806821]: [S. 840A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/840A/2) omitted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 46(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/46/3)
[^c22806871]: [S. 840A(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/840A/1/b/ii) substituted (2.7.2002) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2002 (S.I. 2002/1409)](https://www.legislation.gov.uk/uksi/2002/1409), [art. 2(2)](https://www.legislation.gov.uk/uksi/2002/1409/article/2/2)
[^c22806891]: [1974 c. 46](https://www.legislation.gov.uk/ukpga/1974/46).
[^c22806901]: [1992 c. 40](https://www.legislation.gov.uk/ukpga/1992/40).
[^c23819321]: Words in [s. 840A(1)(b)(iv)](https://www.legislation.gov.uk/ukpga/1988/1/section/840A/1/b/iv) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/36) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23819341]: Words in [s. 840A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/840A/1) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 226(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/226/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23819361]: [S. 840A(1)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/section/840A/1/ca) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 226(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/226/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22805651]: Words in [s. 837A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/837A/2) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/4/a)
[^c22805661]: [S. 837A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/837A/5) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23818481]: Words in [s. 837A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/837A/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 219(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/219/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23818501]: Words in [s. 837A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/837A/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 219(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/219/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23818521]: [S. 837A(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/837A/2A/2B) substituted for s. 837A(3)(4) (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 219(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/219/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22805601]: [1998 c. 17](https://www.legislation.gov.uk/ukpga/1998/17).
[^c23818541]: Words in [s. 837B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/837B/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 220](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/220) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22807511]: Words in [s. 842B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/842B/2) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23819791]: Words in [s. 842B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/842B/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 231(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/231/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23819811]: [S. 842B(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/842B/1/a) and word repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 231(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/231/2/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23819831]: Words in [s. 842B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/842B/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 231(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/231/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23818561]: Words in [s. 837C(1)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/837C/1/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 221](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/221) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21631581]: Source—1970 Sch.2
[^c21631591]: [1952 c.10](https://www.legislation.gov.uk/ukpga/1952/10).
[^c21631621]: Source—1970 Sch.5 1; 1971 Sch.6 80
[^c21631631]: *See* s.656 *ante—purchased life annuities.*
[^c22720871]: Word in [Sch. 3 para. 1(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/1/c) substituted (with effect in accordance with [Sch. 6 para. 25(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/25/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 73(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/73/4), [Sch. 6 para. 25(1)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/25/1/a)
[^c21631641]: Source—1970 Sch.5 2-5
[^c21631651]: [1870 c. 71](https://www.legislation.gov.uk/ukpga/1870/71).
[^c21631661]: *See* s.821*ante—under-deductions of tax from payments made before passing of annual Act.*
[^c21631671]: *See* s.821*ante—under-deductions of tax from payments made before passing of annual Act.*
[^c21631721]: Source—1970 Sch.5 6(a)(b)
[^c21631731]: [Sch. 3 para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6/2) repealed and superseded (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(2)(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21631851]: [Sch. 3 para. 7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/7) repealed and superseded (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(2)(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21631881]: [Sch. 3 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/8) repealed and superseded (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(2)(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21631901]: [Sch. 3 para. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/9) repealed and superseded (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(2)(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21631921]: [Sch. 3 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/10) repealed (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21631941]: Source—1970 Sch.5 11-13.
[^c21631951]: Words in [Sch. 3 para. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/11) substituted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(4)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/4), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631961]: Words in [Sch. 3 para. 13(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/13/1) repealed (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(5)(a)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/5/a), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21631971]: Words in [Sch. 3 para. 13(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/13/1) substituted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(5)(b)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/5/b), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631981]: Source—1970 Sch.5 6(c), 14
[^c21631691]: [Sch. 3 Pt. III](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/part/III) applied (with modifications) (1.10.1993) by [S.I. 1993/2004](https://www.legislation.gov.uk/uksi/1993/2004), [reg. 12(2)(b)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/12/2/b) [Sch. 3 Pt. III](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/part/III) applied (with modifications) (1.10.1993) by [S.I. 1993/2004](https://www.legislation.gov.uk/uksi/1993/2004), [reg. 13(2)(b)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/13/2/b)
[^c21631751]: [Sch. 3 paras. 6A-6F](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A) inserted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631761]: Words in [Sch. 3 para. 6A(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A/1) substituted (27.7.1993 with effect in relation to transactions effected on or after 6 April 1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 17(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/17/1), [25(5)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/5)
[^c21631771]: [Sch. 3 para. 6A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A/2A) inserted (27.7.1993 with effect in relation to transactions effected on or after 6 April 1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 17(2)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/17/2), [25(5)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/5)
[^c21631781]: [Sch. 3 para. 6A(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A/4) inserted (27.7.1993 with effect in relation to transactions effected on or after 6 April 1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 17(3)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/17/3), [25(5)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/5)
[^c21853201]: Word in [Sch. 3 para. 6A(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A/1) substituted (with effect in accordance with [Sch. 6 para. 25(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/25/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 73(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/73/4), [Sch. 6 para. 25(1)(b)(i)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/25/1/b/i)
[^c21853221]: [Sch. 3 para. 6A(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A/4) ceases to have effect (with effect in accordance with [Sch. 6 para. 25(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/25/2) of the amending Act) by virtue of [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 73(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/73/4), [Sch. 6 para. 25(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/25/1/b/ii)
[^c21631791]: [Sch. 3 paras. 6A-6F](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A) inserted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631801]: [Sch. 3 paras. 6A-6F](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A) inserted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631811]: [Sch. 3 paras. 6A-6F](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A) inserted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631821]: [Sch. 3 paras. 6A-6F](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A) inserted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21853541]: [Sch. 3 para. 6E(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6E/1/3) repealed (with effect in accordance with [s. 103(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/103/7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [ss. 115(11)](https://www.legislation.gov.uk/ukpga/1995/4/section/115/11), [162](https://www.legislation.gov.uk/ukpga/1995/4/section/162), [Sch. 29 Pt. 8(14)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/14), Note 2
[^c21631831]: [Sch. 3 paras. 6A-6F](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A) inserted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631991]: [Sch. 3 Pt. IV](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/part/IV) applied (with modifications) (1.10.1993) by [S.I. 1993/2004](https://www.legislation.gov.uk/uksi/1993/2004), [reg. 12(2)(b)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/12/2/b) [Sch. 3 Pt. IV](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/part/IV) applied (with modifications) (1.10.1993) by [S.I. 1993/2004](https://www.legislation.gov.uk/uksi/1993/2004), [reg. 13(2)(b)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/13/2/b)
[^c21632011]: Source—1970 Sch.12 Pt.III 6; 1987 Sch.15 2(23)
[^c21632021]: [Sch. 3 para. 15(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/15/2) repealed (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21846671]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846691]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846701]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846721]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21847081]: [Sch. 4 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4/paragraph/5) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 15 para. 19(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15/paragraph/19/2)
[^c21846741]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846751]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846771]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846781]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846801]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846821]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846841]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21632641]: 1989 s. 93*and* Sch. 10 para. 5.
[^c21846851]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846891]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846911]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846931]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21632731]: 1989 s.93*and* Sch.10 para.7.
[^c21846951]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846971]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846991]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21847011]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21847031]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21847051]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21632821]: 1990 s.56*and* Sch.10 paras.26(3), 29(4)*on and after* 9*June* 1989.
[^c21847071]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21632651]: [Sch. 4 para. 11B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4/paragraph/11B) and heading preceding it inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 54](https://www.legislation.gov.uk/ukpga/1991/31/section/54), [Sch. 4 paras.3](https://www.legislation.gov.uk/ukpga/1991/31/schedule/4/paragraph/3), [5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/4/paragraph/5)
[^c21632661]: [Sch. 4 para. 11B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4/paragraph/11B) and heading preceding it inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 54](https://www.legislation.gov.uk/ukpga/1991/31/section/54), [Sch. 12 paras. 3](https://www.legislation.gov.uk/ukpga/1991/31/schedule/12/paragraph/3), [5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/12/paragraph/5)
[^c21846871]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21632831]: Source—1970 Sch.6; 1973 s.35; 1984 s.48(6)-(9)
[^c21853311]: Words in [Sch. 5 para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/1/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23389811]: Words in [Sch. 5 para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/1/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23389831]: Word in [Sch. 5 para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/1/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21827391]: Words in [Sch. 5 para. 2(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/3) substituted (with effect in accordance with [s. 199(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/199/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 43(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/43/1)
[^c21827411]: [Sch. 5 para. 2(4)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/4/a) substituted for para. 2(4)(a)(b) (with effect in accordance with [s. 199(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/199/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 43(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/43/2)
[^c21827431]: [Sch. 5 para. 2(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/5/6) inserted (with effect in accordance with [s. 199(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/199/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 43(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/43/3)
[^c21861361]: [Sch. 5 para. 2(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/6): definition of "period of account" repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23389851]: Words in [Sch. 5 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23389871]: [Sch. 5 para. 2(3)(a)(4)(a)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/3/a/4/a/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23389911]: [Sch. 5 para. 2(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/6): definitions of "commencement year" and "qualifying year of assessment" repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/3/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21853331]: Words in [Sch. 5 para. 3(1)(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/3/1/4/b) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23389941]: Words in [Sch. 5 para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/3/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23389961]: Words in [Sch. 5 para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/3/3/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23389981]: Words in [Sch. 5 para. 3(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/3/9/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390001]: Words in [Sch. 5 para. 3(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/3/10/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390021]: Words in [Sch. 5 para. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(5)(a)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/5/a/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21853351]: Words in [Sch. 5 para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/5/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23390041]: Words in [Sch. 5 para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/5/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21827451]: [Sch. 5 para. 6(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/2) substituted (with effect in accordance with [s. 199(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/199/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 43(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/43/4)
[^c21861381]: [Sch. 5 para. 6(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/4): definition of "period of account" repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23390061]: Word in [Sch. 5 para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(7)(a)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/7/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390081]: Words in [Sch. 5 para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(7)(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/7/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390101]: [Sch. 5 para. 6(2)(a)(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/2/a/3/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(7)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/7/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390131]: [Sch. 5 para. 6(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/4): definition of "qualifying year of assessment" repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(7)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/7/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21853361]: Words in [Sch. 5 para. 6(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/4/5) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21853381]: Words in [Sch. 5 para. 8(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/8/7) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23390151]: Words in [Sch. 5 para. 8(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/8/5/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(8)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/8/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390261]: Word in [Sch. 5 para. 8(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/8/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(8)(b)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/8/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390221]: Words in [Sch. 5 para. 8(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/8/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(8)(b)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/8/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21858781]: Words in [Sch. 5 para. 9(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/9/4) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 76(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/76/2/3)
[^c23390311]: Words in [Sch. 5 para. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/11) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(9)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/9) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21633101]: [Sch. 6 Pt. I](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6/part/I) substituted (27.7.1993 with effect for the year 1993-94) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 70(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/70/1/2)
[^c21632971]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21632981]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c22777951]: Words in [Sch. 6 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6/paragraph/6) substituted (with effect in accordance with [s. 59](https://www.legislation.gov.uk/ukpga/2000/17/section/59) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 11 para. 1(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/11/paragraph/1/3)
[^c21632991]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21633001]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21633011]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21633021]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21633031]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21873101]: [Sch. 6 para. 9(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6/paragraph/9/c) restricted (6.4.1994 with effect in accordance with reg. 4(2) of the 1994 affecting S.R.) by [Social Security Contributions and Benefits (Northern Ireland) Act 1992 (c. 7)](https://www.legislation.gov.uk/ukpga/1992/7), [s. 10(6)(a)](https://www.legislation.gov.uk/ukpga/1992/7/section/10/6/a) (as substituted by [The Social Security (Contributions) (Miscellaneous Amendments) Regulations (Northern Ireland) 1994 (S.R. 1994/94)](https://www.legislation.gov.uk/nisr/1994/94), [reg. 4(1)](https://www.legislation.gov.uk/nisr/1994/94/regulation/4/1))
[^c21633041]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21633051]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c22777971]: Words in [Sch. 6 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6/paragraph/10) inserted (with effect in accordance with [s. 59](https://www.legislation.gov.uk/ukpga/2000/17/section/59) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 11 para. 1(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/11/paragraph/1/4)
[^c22777921]: [1988 c. 52](https://www.legislation.gov.uk/ukpga/1988/52).
[^c22777931]: [S.I. 1981/154 (N.I. 1)](https://www.legislation.gov.uk/nisi/1981/154).
[^c21633471]: Source—1976 Sch.8 1(1)
[^c21633481]: Source—1976 Sch.8 2
[^c21633491]: Source—1976 Sch.8 3
[^c21633501]: Source—1976 Sch.8 1(2)
[^c21873541]: Words in [Sch. 7 para. 1(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/1/5) substituted (with effect in accordance with [s. 88(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 88(4)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/4/a)
[^c21873531]: Words in [Sch. 7 para. 1(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/1/5) repealed (with effect in accordance with [s. 88(5)(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/5/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 88(4)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/4/a), [Sch. 26 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/5), Note
[^c22194401]: Words in [Sch. 7 para. 1(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/1/5) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 41](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/41), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c21633511]: Source—1976 Sch.8 4
[^c21633531]: Source—1976 Sch.8 5, 6, 7
[^c21633541]: Words in [Sch. 7 para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/3/1) added (for year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/3/1)
[^c21633551]: [Sch. 7 paras. 3(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/3/2/3) repealed (for year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 6 para. 3(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/3/2), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 6
[^c21881821]: [Sch. 7 para. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/4) renumbered as para. 4(1) (with effect in accordance with [s. 45(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/45/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 45(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/45/4)
[^c21881841]: [Sch. 7 para. 4(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/4/2) inserted (with effect in accordance with [s. 45(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/45/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 45(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/45/4)
[^c22172431]: Words in [Sch. 7 para. 5(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/5/1/a) substituted (with effect in accordance with [s. 107(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 107(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/2/a)
[^c22172451]: Words in [Sch. 7 para. 5(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/5/1/b) substituted (with effect in accordance with [s. 107(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 107(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/2/b)
[^c22172471]: [Sch. 7 para. 5(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/5/2) substituted (with effect in accordance with [s. 107(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 107(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/3)
[^c21633581]: [Sch. 7 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/6) repealed (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 6 para. 4](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/4), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 6
[^c21633591]: Source—1976 Sch.8 9, 10, 11
[^c21633611]: Source—1976 Sch.8 12-14; 1983 (No.2) s.4
[^c21633621]: Words in [Sch. 7 para. 10(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/10/1/2) repealed (27.7.1993 with effect as mentioned in [s. 57](https://www.legislation.gov.uk/ukpga/1993/34/section/57) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 57](https://www.legislation.gov.uk/ukpga/1993/34/section/57), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/1)
[^c21633641]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [Sch. 6 para.5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/5)
[^c21873561]: [Sch. 7 Pts. 3-5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/part/3) repealed (with effect in accordance with s. 88(5)(6) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 88(4)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/4/b), [Sch. 26 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/5), Note
[^c21633661]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [Sch. 6 para.5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/5)
[^c21633671]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [Sch. 6 para.5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/5)
[^c21633681]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(4)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/4), [Sch. 6 para.5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/5)
[^c21633691]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by Finance Act [1991 c. 31](https://www.legislation.gov.uk/ukpga/1991/31), SIF 63:1), s. 27(6), Sch. 6 para.5
[^c21633701]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [Sch. 6 para.5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/5)
[^c21873571]: [Sch. 7 Pts. 3-5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/part/3) repealed (with effect in accordance with s. 88(5)(6) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 88(4)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/4/b), [Sch. 26 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/5), Note
[^c21633751]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [Sch. 6 para. 5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/5)
[^c21633761]: Words in [Sch. 7 para. 19(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/19/1) inserted (16.7.1992 for the year 1992-93 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 19(3)(7)](https://www.legislation.gov.uk/ukpga/1992/48/section/19/3/7)
[^c21633771]: Words in definition of “excess liability” in Sch. 7 para. 19(1) substituted (with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/1), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21873581]: [Sch. 7 Pts. 3-5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/part/3) repealed (with effect in accordance with s. 88(5)(6) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 88(4)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/4/b), [Sch. 26 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/5), Note
[^c22777991]: Words in [Sch. 8 para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/1) repealed (27.7.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 4 para. 9(2)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/4/paragraph/9/2), [Sch. 17 Pt. 4](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/4)
[^c22778051]: Words in [Sch. 8 para. 7(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/2) substituted (with effect in accordance with [Sch. 12 para. 18(4)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/18/4) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 12 para. 18(2)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/18/2)
[^c22778011]: Words in [Sch. 8 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/3) inserted (27.7.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 4 para. 9(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/4/paragraph/9/3)
[^c22778091]: Word in [Sch. 8 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/3) repealed (with effect in accordance with [Sch. 12 para. 18(4)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/18/4) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 12 para. 18(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/18/3), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/5), Note 6
[^c22778071]: Words in [Sch. 8 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/3) inserted (with effect in accordance with [Sch. 12 para. 18(4)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/18/4) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 12 para. 18(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/18/3)
[^c22778031]: [Sch. 8 para. 7(4)-(12)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/4) inserted (27.7.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 4 para. 9(4)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/4/paragraph/9/4)
[^c22778111]: [Sch. 8 para. 7(9)-(12)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/9) applied (27.7.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 5 para. 16(6)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/5/paragraph/16/6)
[^c22778121]: [Sch. 8 para. 7(9)-(12)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/9) applied (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 14 para. 35(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/14/paragraph/35/4)
[^c22778131]: [Sch. 8 para. 8(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/8/a) repealed (with effect in accordance with s. 137(6) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/137/1), [Sch. 29 Pt. 8(20)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/20), Note
[^c21633901]: *Repealed by* 1989 ss.61*and* 187*and* Schs.4 para.10(2)(a)*and* 17 Part IV.
[^c21633911]: 1989 s.61*and* Sch.4 para.10(2)(b)(i).
[^c21633921]: *Repealed by* 1989 ss.61*and* 187*and* Schs.4 para.10(1), (2)(a)*and* 17 Part IV.
[^c21633941]: 1989 s.61*and* Sch.4 para.10(2)(b)(ii).*Previously* “the base year referred to in sub-paragraph (3) above”.
[^c21633951]: 1989 s.61*and* Sch.4 para.10(2)(b)(iii).*Previously* “must be less than the amount which would produce a distributable pool of 5 per cent. of the standard pay of the employment unit”.
[^c21633961]: 1989 s.61*and* Sch.4 para.10(2)(b)(iv).*Previously* “(6) The references in this paragraph to the standard pay of the employment unit are references to the amount which the scheme employer, at the time when he applies for registration of the scheme, reasonably estimates will be the annual equivalent of the pay, at the beginning of the profit period or first profit period, of the employees to whom the scheme will then relate; and for this purpose an estimate shall (in the absence of evidence to the contrary) be taken to be a reasonable one if it is based on the most recent information available to the employer as to the monthly or annual pay of the relevant employees.”.
[^c21633971]: 1989 s.61*and* Sch.4 para.11.
[^c21633981]: *Repealed by* 1989 ss.61*and* 187, Schs.4 para.10(1)*and* 17 Part IV.
[^c21633991]: *Repealed by* 1989 ss.61*and* 187, Schs.4 paras.10(2)(a), 12*and* 17 Part IV.
[^c21634001]: 1989 s.61*and* Sch.4 para.10(2)(c).*Previously* “must be less than the amount which would produce a distributable pool of 5 per cent. of the standard pay of the employment unit.”.
[^c21634011]: *Repealed by* 1989 ss.61*and* 187, Schs.4 paras.10(2)(a), 12*and* 17 Part IV.
[^c21634021]: 1989 s.61*and* Sch.4 para.13.
[^c21634031]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c21634041]: 1989 s.61*and* Sch.4 para.14(2).
[^c21634051]: 1989 s.61*and* Sch.4 para.14(3).*Previously* “(f) profit-related pay payable under the scheme;”.
[^c21634061]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c21634071]: [S.I. 1986/1032 (N.I. 6)](https://www.legislation.gov.uk/nisi/1986/1032).
[^c21882051]: [Sch. 8 para. 19(6)(g)-(k)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/19/6/g) repealed (with effect in accordance with s. 136(5)-(11) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 136(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/136/2), [Sch. 29 Pt. 8(19)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/19), Note
[^c21882091]: [Sch. 8 para. 19(6)(l)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/19/6/l) inserted (with effect in accordance with [s. 136(5)-(11)](https://www.legislation.gov.uk/ukpga/1995/4/section/136/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 136(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/136/3)
[^c21882111]: [Sch. 8 para. 19(6A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/19/6A) inserted (with effect in accordance with [s. 136(5)-(11)](https://www.legislation.gov.uk/ukpga/1995/4/section/136/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 136(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/136/4)
[^c22778141]: Words in [Sch. 8 para. 19(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/19/5/b) inserted (with effect in accordance with [s. 4(2)-(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/4/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 4(1)(a)](https://www.legislation.gov.uk/ukpga/1997/58/section/4/1/a)
[^c22778161]: [Sch. 8 para. 19(6)(fg)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/19/6/fg) inserted (with effect in accordance with [s. 4(2)-(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/4/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 4(1)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/4/1/b)
[^c21634081]: 1989 s.61*and* Sch.4 para.15.
[^c21634401]: Source—1980 Sch.10 5(b)
[^c21634411]: Source—1980 Sch.10 24
[^c21634421]: Source—1980 Sch.10 6
[^c21634431]: Source—1980 Sch.10 7
[^c21634461]: Source—1980 Sch.10 8; 1986 s.23(3)
[^c21634481]: Words in [Sch. 9 para. 19(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/19/b) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 38(2)(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/38/2/6)
[^c22194801]: Words in [Sch. 9 para. 19(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/19/a) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(4)(a)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/4/a)
[^c21634501]: Source—1980 Sch.10 9
[^c21634511]: Words in [Sch. 9 para. 20](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/20) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 38(2)(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/38/2/6)
[^c21634521]: Source—1980 Sch.10 10; 1986 s.25(4), (8), (9)
[^c21634531]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6)
[^c21634541]: [S.I. 1986/1032 (N.I. 6)](https://www.legislation.gov.uk/nisi/1986/1032).
[^c22172601]: Word in [Sch. 9 para. 21(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/21/1) repealed (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 113(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/113/1), [Sch. 41 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/5), Note 2
[^c22172611]: [Sch. 9 para. 21(1)(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/21/1/f) and preceding word inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 113(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/113/1)
[^c22172631]: [Sch. 9 para. 21(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/21/4) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 113(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/113/2)
[^c21634551]: Source—1980 Sch.10 11
[^c21634561]: Source—1980 Sch.10 12; 1986 s.25(5)
[^c21634641]: Source—1980 Sch.10 13(1)
[^c21634651]: Source—1980 Sch.10 13(2), (3); 1984 s.39(5)
[^c21634661]: Figure in Sch. 9 para. 24(2)(a) substituted (01.09.1991) by virtue of [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 40(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/40/1); [S.I. 1991/1741](https://www.legislation.gov.uk/uksi/1991/1741), [art.2](https://www.legislation.gov.uk/uksi/1991/1741/article/2).
[^c21634671]: Source—1980 Sch.10 14
[^c21634681]: 1989 s.62(3).*Previously* “90 per cent.”.
[^c21634691]: Source—1980 Sch.10 20; 1984 s.39(6); 1986 s.25(7)
[^c21634701]: Source—1980 Sch.10 21; 1986 s.25(6)
[^c21884141]: Words in [Sch. 9 para. 26(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/26/1/a) substituted (with effect in accordance with [s. 137(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/137/7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 137(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/137/2)
[^c22172651]: Words in [Sch. 9 para. 26(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/26/3) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 113(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/113/3)
[^c21634711]: Source—1984 Sch.10 4(1)(a), (2)
[^c21634721]: Source—1984 Sch.10, 12
[^c21634731]: Source—1984 Sch. 10 15(1)
[^c21884161]: Words in [Sch. 9 para. 27(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/27/4) repealed (with effect in accordance with s. 137(7)(8) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 137(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/137/3), [Sch. 29 Pt. 8(20)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/20), Note
[^c21634741]: Source—1984 Sch. 10 5
[^c22172671]: Words in [Sch. 9 para. 28(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/28/1) substituted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 114(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/114/2/a)
[^c22180711]: [Sch. 9 para. 28(2)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/28/2/4) repealed (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 114(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/114/2/b), [Sch. 41 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/5), Note 3
[^c22181421]: [Sch. 9 para. 28(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/28/3) applied (with effect in accordance with Sch. 16 para. 1 of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 16 para. 2(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/16/paragraph/2/2)
[^c21634761]: [S. 29](https://www.legislation.gov.uk/ukpga/1988/1/section/29) substituted (1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 39(1)(7)](https://www.legislation.gov.uk/ukpga/1991/31/section/39/1/7)
[^c22180741]: [Sch. 9 para. 29(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/29/1) substituted for para. 29(1)-(6) (with effect in accordance with [s. 114(10)](https://www.legislation.gov.uk/ukpga/1996/8/section/114/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 114(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/114/3)
[^c22194581]: [Sch. 9 para. 29(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/29/8) repealed (with effect in accordance with s. 114(10) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/5), Note 3
[^c22210601]: Words in [Sch. 12 para. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/1) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/3/c)
[^c21635981]: Source—1977 Sch.7 4(1), (2), (5)
[^c21635991]: 1989 s.42(5)*for* 1989-90*and subsequent years of assessment. Previously* “emoluments from the relevant employment in respect of which such a deduction is allowed for the year of assessment”.
[^c22194411]: Words in [Sch. 12 para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/2/2) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 42](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/42), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c22210611]: Words in [Sch. 12 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/2/1) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/3/c)
[^c21636021]: Source—1977 Sch.7 1(2), (3), (4)
[^c22210621]: Words in [Sch. 12 para. 3(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/3/1/3) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/3/c)
[^c22210671]: Words in [Sch. 12 para. 3(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/3/2/a) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(4)(a)(i)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/4/a/i)
[^c22210681]: Words in [Sch. 12 para. 3(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/3/2/b) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/4/a/ii)
[^c22217711]: [Sch. 12 para. 3(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/3/2A) repealed (with effect in accordance with s. 63(5)-(7) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(11)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/11), Note
[^c21636061]: Source—1977 Sch.7 6-8
[^c21636071]: [1964 c. 29](https://www.legislation.gov.uk/ukpga/1964/29).
[^c22210651]: Words in [Sch. 12 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/5) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/3/c)
[^c22210701]: Words in [Sch. 12 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/5) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(4)(b)(i)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/4/b/i)
[^c22210721]: Words in [Sch. 12 para. 5(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/5/a/b) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(4)(b)(ii)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/4/b/ii)
[^c22210661]: Words in [Sch. 12 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/6) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/3/c)
[^c22217791]: [Sch. 12 para. 7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/7) repealed (with effect in accordance with s. 63(5)-(7) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(11)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/11), Note
[^c21635961]: [Sch. 12 para. 1A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/1A) and crossheading inserted (16.7.1992 for the year 1992-93 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 54(1)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/54/1/2)
[^c21635971]: [Sch. 12 para. 1A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/1A) and crossheading inserted (16.7.1992 for the year 1992-93 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 54(1)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/54/1/2)
[^c22210591]: Words in [Sch. 12 para. 1A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/1A) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/3/c)
[^c22245981]: Words in [Sch. 12 para. 1A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/1A) inserted (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 12 Pt. 2 para. 15](https://www.legislation.gov.uk/ukpga/2001/9/schedule/12/part/2/paragraph/15)
[^c21636121]: *See* s.250—*returns in connection with stock dividends.*
[^c21892291]: [Sch. 13 para. 1-3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1) applied (with modifications) (1.7.1997) by [The Manufactured Dividends (Tax) Regulations 1997 (S.I. 1997/993)](https://www.legislation.gov.uk/uksi/1997/993), [reg. 6](https://www.legislation.gov.uk/uksi/1997/993/regulation/6)
[^c21868081]: [Sch. 13 para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1/1) substituted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/2)
[^c21868101]: [Sch. 13 para. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1/4) substituted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/3)
[^c22733991]: [Sch. 13 para. 1(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1/1/b) repealed (with effect in accordance with Sch. 6 para. 16(12) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(2)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/2/a), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734011]: Words in [Sch. 13 para. 1(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1/1/c) repealed (with effect in accordance with Sch. 6 para. 16(12) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(2)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/2/b), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22733971]: Words in [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1) repealed (with effect in accordance with Sch. 6 para. 16(12) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(2)(c)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/2/c), [Sch. 8 Pt 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734031]: Words in [Sch. 13 para. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1/4) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(3)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/3/a), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734071]: [Sch. 13 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1/4/b) and preceding word repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(3)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/3/b), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c21636141]: *For rates of corporation tax see* Tables K*and* L*in* Vol.1.
[^c21868121]: [Sch. 13 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/1) substituted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/4)
[^c21868141]: [Sch. 13 para. 2(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/5/6) inserted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/5)
[^c21892311]: [Sch. 13 para. 1-3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1) applied (with modifications) (1.7.1997) by [The Manufactured Dividends (Tax) Regulations 1997 (S.I. 1997/993)](https://www.legislation.gov.uk/uksi/1997/993), [reg. 6](https://www.legislation.gov.uk/uksi/1997/993/regulation/6)
[^c21890981]: Words in [Sch. 13 para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/2) renumbered as para. 2(2)(a) (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by virtue of [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/2)
[^c21891001]: [Sch. 13 para. 2(2)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/2/b/c) inserted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/2)
[^c22734211]: Words in [Sch. 13 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/1) substituted (with effect in accordance with [Sch. 6 para. 16(13)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/13) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(4)(a)(i)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/4/a/i)
[^c22734231]: [Sch. 13 para. 2(1)(d)-(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/1/d) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/4/a/ii), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734251]: Words in [Sch. 13 para. 2(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/4) substituted (with effect in accordance with [Sch. 4 para. 23(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/23/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 23(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/23/2)
[^c22734271]: [Sch. 13 para. 2(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/4A) inserted (with effect in accordance with [Sch. 4 para. 23(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/23/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 23(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/23/3)
[^c22734301]: [Sch. 13 para. 2(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/5/6) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(4)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/4/b), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c21868161]: Words in [Sch. 13 para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3/1) inserted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(6)(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/6/a)
[^c21868181]: Words in [Sch. 13 para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3/3) inserted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(6)(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/6/b)
[^c21892321]: [Sch. 13 para. 1-3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1) applied (with modifications) (1.7.1997) by [The Manufactured Dividends (Tax) Regulations 1997 (S.I. 1997/993)](https://www.legislation.gov.uk/uksi/1997/993), [reg. 6](https://www.legislation.gov.uk/uksi/1997/993/regulation/6)
[^c21891021]: Words in [Sch. 13 para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3/3) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 3(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/3/a)
[^c21891041]: Words in [Sch. 13 para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3/3) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 3(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/3/b)
[^c22734321]: Words in [Sch. 13 para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3/1) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(5)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/5/a), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734341]: Words in [Sch. 13 para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3/3) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(5)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/5/b), [Sch 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c21868221]: Words in [Sch. 13 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/4/2) inserted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(8)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/8)
[^c22734381]: Words in [Sch. 13 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/4/2) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/7), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734401]: [Sch. 13 para. 4(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/4/3) substituted (with effect in accordance with [Sch. 4 para. 23(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/23/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 23(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/23/4)
[^c21891121]: Words in [Sch. 13 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/5) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 5](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/5)
[^c21868301]: Words in [Sch. 13 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/7/3) substituted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(11)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/11)
[^c21891161]: [Sch. 13 para. 7(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/7/2) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 7(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/7/2)
[^c21891181]: Words in [Sch. 13 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/7/3) inserted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 7(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/7/3)
[^c21891201]: [Sch. 13 para. 7(3A)(4)(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/7/3A/4/4A/4B) substituted for para. 7(4) (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 7(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/7/4)
[^c22734461]: Words in [Sch. 13 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/7/3) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para 16(10)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/10), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c21892331]: [Sch. 13 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/8) applied (with modifications) (1.7.1997) by [The Manufactured Dividends (Tax) Regulations 1997 (S.I. 1997/993)](https://www.legislation.gov.uk/uksi/1997/993), [reg. 6](https://www.legislation.gov.uk/uksi/1997/993/regulation/6)
[^c21891241]: Words in [Sch. 13 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/8) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 9](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/9)
[^c21892341]: [Sch. 13 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/10) applied (with modifications) (1.7.1997) by [The Manufactured Dividends (Tax) Regulations 1997 (S.I. 1997/993)](https://www.legislation.gov.uk/uksi/1997/993), [reg. 6](https://www.legislation.gov.uk/uksi/1997/993/regulation/6)
[^c21636151]: 1989 s.149(3)(c)—*not to affect the making of assessments before* 1983-84*or for accounting periods ending before* 1*April* 1983.*Previously* “sections 36 and 39”.
[^c22778541]: [Sch. 13 paras. 3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3A), [3B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3B) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/6), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22778551]: [Sch. 13 paras. 3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3A), [3B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3B) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/6), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734421]: [Sch. 14 para. 4A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/4A) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/8), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734441]: [Sch. 13 para. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/6A) repealed (with effect in accordance with Sch. 6 para 16(13) of the repealing Act) by [Finance Act (No. 2) 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/9), [Sch. 8 Pt 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734521]: [Sch 13 para. 9A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/9A) repealed (with effect in accordance with Sch. 6 para. 16(14) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/11), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c21892361]: [Sch. 13 para. 7A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/7A) applied (with modifications) (1.7.1997 with effect in accordance with reg. 6(2) of the amending instrument the appointed day being 1.7.1997 ([S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173) art. 2)) by [The Manufactured Dividends (Tax) Regulations 1997 (S.I. 1997/993)](https://www.legislation.gov.uk/uksi/1997/993), [reg. 6](https://www.legislation.gov.uk/uksi/1997/993/regulation/6)
[^c21636161]: Source—1976 Sch.4 8, 9, 10
[^c23403061]: Words in [Sch. 14 para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/1/1) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [101(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/101/2/a)
[^c23403041]: [Sch. 14 para. 1(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/1/1/b) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [101(2)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/101/2/b)
[^c23403171]: Words in [Sch. 14 para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/6/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 232(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/232/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21636791]: Source—1970 s.337(1)(b); 1985 s.41(7)(a)
[^c21636951]: *See* S.I.[1989 No.1343](https://www.legislation.gov.uk/ukcm/1989/1343)(N.I.14) Art.10(2)*and* Sch.1 para.38(3)*for construction in the case of a solicitor who is a member of a recognised body.*
[^c22783731]: [Sch. 15 para. 21](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/21) restricted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(1)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/1/9) (with [s. 55(2)(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/2/3)) (as amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1))
[^c21637061]: Source—1975 Sch.2 1; 1987 Sch.15 7
[^c21637071]: Source—1970 Sch.1 11(1); 1975 Sch.2 2(1); 1976 s.33(1); 1978 Sch.3 13(1)(a), (b)
[^c21637081]: Source—1970 Sch.1 11(2); 1975 Sch.2 2(2); 1976 s.33(2); 1978 Sch.3 13(1)(b)
[^c21637091]: Source—1970 Sch.1 11(3)
[^c23820761]: [Sch. 15 para. 22(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/22/3/c) and preceding word inserted (partly retrospective, and otherwise with effect in accordance with [s. 87(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/87/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 87(3)(4)(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/87/3/4/6)
[^c23821161]: Words in [Sch. 15 para. 25(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/25/2/c) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c21637181]: [Sch. 16 para. 2(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/2/2/a) modified by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [Sch. 11 para. 3(1)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/3/1)
[^c22737481]: Words in [Sch. 16 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/4/2) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8). Sch. 23 para. 11(a)
[^c22737521]: Words in [Sch. 16 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/4/2) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8). Sch. 23 para. 11(b)
[^c22737621]: Words in [Sch. 16 para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/4/1) repealed (with effect in accordance with s. 91(5) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 91(2)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/91/2/a), [Sch. 20 Pt. 3(19)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/19), Note
[^c22737641]: [Sch. 16 para. 4(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/4/3) repealed (with effect in accordance with s. 91(5) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 91(2)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/91/2/b), [Sch. 20 Pt. 3(19)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/19), Note
[^c21637211]: [Sch. 16 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/5) restricted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [Sch. 11 para. 4(1)(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/4/1/2)
[^c22737541]: [Sch. 16 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/5) restricted (with effect in accordance with s. 105(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 91(1)(7)](https://www.legislation.gov.uk/ukpga/1996/8/section/91/1/7) (with [Schs. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10), [11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11), [15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21637221]: *See* s.341—*payments of interest between related companies.*
[^c22737701]: Words in [Sch. 16 para. 6(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/6/5) substituted (S.) (30.12.2002) by Debt Arrangement and Attachment (Scotland) Act 2002 (asp17), s. 64(2), sch. 3 para. 19
[^c22737581]: Words in [Sch. 16 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/8) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 13](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/13)
[^c22737661]: Words in [Sch. 16 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/8) substituted (with effect in accordance with [s. 91(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/91/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 91(3)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/91/3/a)
[^c22737681]: Words in [Sch. 16 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/8) substituted (with effect in accordance with [s. 91(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/91/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 91(3)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/91/3/b)
[^c21637231]: 1989 s.149(3)(d)—*not to affect the making of assessments before* 1983-84*or for accounting periods ending before* 1*April* 1983.*Previously* “sections 36 and 37”.
[^c21637241]: Source—1987 (No.2) Sch.4
[^c22742631]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637391]: *See* 1990 s.32(12)(b).*Reference to* “section 413(7) to (9)” *to be construed as a reference to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c21637401]: 1989 s.101(2)*from* 27*July* 1989;*from* 14*March* 1989*for purposes of* subss. (1D)*and* (1E)*of* 1970 s.272.*Previously* “(b) do not carry any right either to conversion into shares or securities of any other description or to the acquisition of any additional shares or securities;”.
[^c22744671]: [Sch. 18 para. 1(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/5) applied (with modifications) (1.5.1995) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 153(11A)](https://www.legislation.gov.uk/ukpga/1993/34/section/153/11A) (as inserted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 24 para 4(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/4/4))
[^c21637411]: 1989 s.101(3)*from* 27*July* 1989;*from* 14*March* *for purposes of* subss. (1D)*and* (1E)*of* 1970 s.272.*Previously* “(a) which does not carry any right either to conversion into shares or securities of any other description or to the acquisition of additional shares or securities;”.
[^c21637421]: 1989 s.101(4)*from* 27*July* 1989;*from* 14*March* 1989*for purposes of* subss. (1D)*and* (1E)*of* 1970 s.272.
[^c21637431]: [Sch. 18 para. 1(5E)-(5I)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/5E) inserted (1.4.1991) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 77(1)-(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/77/1)
[^c21637471]: *See* s.291(6)—para.1*applied for purposes of business expansion scheme.*
[^c22746131]: Word in [Sch. 18 para 1(5C)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/5C/c) substituted (with effect in accordance with [Sch. 38 para. 6(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(k)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/k)
[^c22750151]: Words in [Sch. 18 para. 1(3)(d)(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/3/d/5/c) substituted (with effect in accordance with [Sch. 27 para. 6(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 5(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/5/2) (with [Sch. 27 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1))
[^c22750181]: Words in [Sch. 18 para. 1(5E)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/5E/a) inserted (with application in accordance with [s. 86(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/86/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 86(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/86/2/a)
[^c22750201]: Words in [Sch. 18 para. 1(5E)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/5E/b) inserted (with application in accordance with [s. 86(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/86/2) of the amending Act) (by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 86(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/86/2/b)
[^c22750221]: Words in [Sch. 18 para 1(6)(b)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/6/b/iii) substituted (with effect in accordance with [s. 68(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/68/2) of the amending Act) by [Finance Act 2000 (c.17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 19 para. 6](https://www.legislation.gov.uk/ukpga/2000/17/schedule/19/paragraph/6)
[^c22751751]: Words in [Sch. 18 para. 1(6)(b)(i)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/6/b/i/ii) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 63(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/63/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751781]: Words in [Sch. 18 para. 1(6)(b)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/6/b/iii) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 63(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/63/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22742651]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637481]: *See* 1990 s.32(12)(b).*Reference to* “section 413(7) to 9” *to be construed as a reference to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c22750241]: [Sch. 18 para. 2(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1A) inserted (with effect in accordance with [Sch. 27 para. 6(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 5(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/5/3) (with [Sch. 27 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1))
[^c22742661]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637491]: *See* 1990 s.32(13)(b).*Reference to* “section 413(7) to 9” *to be construed as a reference to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c21637501]: *See* s.291(6)—para.3*applied for purposes of business expansion scheme.*
[^c22742671]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637511]: *See* 1990 s.32(12)(b).*References to* “section 413(7) to (9)” *construed as references to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c21637521]: *See* 1990 s.32(12)(b).*References to* “section 413(7) to (9)” *construed as references to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c22750261]: [Sch. 18 para. 4(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/5) inserted (with effect in accordance with [Sch. 27 para 6(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 5(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/5/4) (with [Sch. 27 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1))
[^c21637531]: [Sch. 18 para. 5A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A) substituted (16.7.1992 or as mentioned in [Sch. 6 para. 6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/6) of the amending Act) for para. 5(5) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 24](https://www.legislation.gov.uk/ukpga/1992/48/section/24), [Sch. 6 paras.1](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/1), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/6)
[^c22742771]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637601]: *See* 1990 s.32(12)(b):*references to* “section 413(7) to (9)” *and to* section 413(7)*construed as references to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c22750681]: Words in [Sch. 18 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (with effect in accordance with [Sch. 27 para. 6(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 5(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/5/6) (with [Sch. 27 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1))
[^c21637621]: *See* 1990 s.32(12)(b):*references to* “section 413(7) to (9)” *and to* section 413(7)*construed as references to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c22742781]: Words in [Sch. 18 para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/7/1/b) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/b)
[^c21637631]: *See* 1990 s.32(12)(d). Para 7(1)(b)*omitted where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c23821911]: Words in [Sch. 18 para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/7/1) inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 6(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/6/3)
[^c23821931]: [Sch. 18 para. 7(1A)-(1C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/7/1A) inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 6(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/6/4)
[^c21637281]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (E.W.S) (16.1.1992) by [S.I. 1992/58](https://www.legislation.gov.uk/uksi/1992/58), [art. 35(5)](https://www.legislation.gov.uk/uksi/1992/58/article/35/5) [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with modifications) (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 170(8)](https://www.legislation.gov.uk/ukpga/1992/12/section/170/8), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)) [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with modifications) (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 228(10)](https://www.legislation.gov.uk/ukpga/1992/12/section/228/10), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21637291]: Source—1973 Sch. 12 Pt. I; 1973 s. 32(6); 1987 Sch. 15 5
[^c21637301]: *See*—s.240(13)—*application of* Sch.18*for purposes of* s.240—*set-off of surplus ACT.*[s.247(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/247/9A)—*application of* Sch.18*for purposes of.*[s.247(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/247/8A), (9)(c)—*dividends etc. paid by one member of a group to another.*[s.769(6C)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/6C)—*application of* Sch.18*for purposes of.*[s.769(6B)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/6B)—*rules for ascertaining change in ownership of company.*1990 s.32(12)—*application of* Sch.18*for relief for disposal of shares to employee share ownership trusts.*
[^c21637541]: [Sch. 18 para. 5A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A) substituted (16.7.1992 or as mentioned in [Sch. 6 para. 6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/6) of the amending Act) for para. 5(5) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 24](https://www.legislation.gov.uk/ukpga/1992/48/section/24), [Sch. 6 paras.1](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/1), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/6)
[^c22742691]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c22743281]: [Sch. 18 para. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) excluded (retrospective to 5.11.1993) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/2), [Sch. 24 para. 17(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/17/2)
[^c22742841]: [Sch. 18 para. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) excluded (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 16](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/16) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c22744711]: [Sch. 18 para. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) excluded (19.7.1995) by [Crown Agents Act 1995 (c. 24)](https://www.legislation.gov.uk/ukpga/1995/24), [s. 7(2)](https://www.legislation.gov.uk/ukpga/1995/24/section/7/2)
[^c22744731]: [Sch. 18 para. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 8(2)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/8/2)
[^c22746171]: [Sch. 18 para. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 20(2)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/20/2) (with [s. 43](https://www.legislation.gov.uk/ukpga/1996/55/section/43))
[^c21637551]: [Sch. 18 paras. 5B-5E](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) inserted (16.7.1992 with application where the option arrangements are made on or after 15.11.1991) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 24](https://www.legislation.gov.uk/ukpga/1992/48/section/24), [Sch. 6 paras. 2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/2), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/7)
[^c23821851]: Words in [Sch. 18 para. 5B(4)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B/4/d) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 121(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/121/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23821871]: [Sch. 18 para. 5B(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B/4A) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 121(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/121/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21637561]: [Sch. 18 paras. 5B-5E](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) inserted (16.7.1992 with application where the option arrangements are made on or after 15.11.1991) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 24](https://www.legislation.gov.uk/ukpga/1992/48/section/24), [Sch. 6 paras. 2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/2), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/7)
[^c22742711]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637571]: [Sch. 18 paras. 5B-5E](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) inserted (16.7.1992 with application where the option arrangements are made on or after 15.11.1991) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 24](https://www.legislation.gov.uk/ukpga/1992/48/section/24), [Sch. 6 paras. 2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/2), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/7)
[^c22742731]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637581]: [Sch. 18 paras. 5B-5E](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) inserted (16.7.1992 with application where the option arrangements are made on or after 15.11.1991) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 24](https://www.legislation.gov.uk/ukpga/1992/48/section/24), [Sch. 6 paras. 2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/2), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/7)
[^c22742751]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c22750941]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied by [Finance Act 1930 (c. 28)](https://www.legislation.gov.uk/ukpga/1930/28), [s. 42(5)](https://www.legislation.gov.uk/ukpga/1930/28/section/42/5) (as added (with effect in accordance with s. 123(7) of the 2000 amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 123(6)](https://www.legislation.gov.uk/ukpga/2000/17/section/123/6))
[^c22750971]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with effect in accordance with s. 98(2) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 28 para. 5(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/28/paragraph/5/4)
[^c22752471]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with modifications) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [Sch. 7AC para. 8(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/7AC/paragraph/8/2) (as inserted (with application in accordance with s. 44(3) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/2002/23/schedule/8/paragraph/1))
[^c22752491]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with modifications) (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 53](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/53)
[^c23821811]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with effect in accordance with s. 31 of the affecting Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 3 para. 10(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/3/paragraph/10/5)
[^c23821821]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with effect in accordance with Sch. 10 para. 2 of the affecting Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 10 para. 15(5)(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/15/5/6)
[^c23821831]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) modified (1.4.2009 with effect in accordance with s. 1329(1) of the modifying Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 519(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/519/3) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2), [paras. 73-75](https://www.legislation.gov.uk/ukpga/2009/4/paragraph/73))
[^c23821841]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with modifications) (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 772](https://www.legislation.gov.uk/ukpga/2009/4/section/772) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23821891]: Words in [Sch. 18 para. 5F(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5F/1/b) substituted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 6(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/6/2)
[^c21637641]: Source—1972 Sch. 16 8(1); 1980 Sch. 9 1
[^c21637651]: *See*—1976(D) s.34 and Sch.6 para.9(6)(7)—*development land tax.* 1976(D)*repealed by* 1985 s.98(6)*and* Sch.27 Pt.X.1988 s.127—*enterprise allowance.*
[^c21637661]: Source—1972 Sch. 16 8(2)
[^c21637671]: Source—1972 Sch.16 8(3)-(5); 1978 Sch.5 1
[^c21637681]: Source—1972 Sch.16 9(1)
[^c21637691]: *See* 1976(D) s.34*and* Sch.6 para.9(6)(7)—*development land tax.* 1976(D)*repealed by* 1985 s.98(6)*and* Sch.27 Pt.X.
[^c21637701]: Source—1972 Sch.16 9(2); 1980 Sch.9 2
[^c21637721]: Source—1972 Sch.16 9(3); 1978 s.35(1)]
[^c21637731]: Source—1972 Sch.16 9(4); 1978 s.35(2)]
[^c21637741]: Source—1972 Sch.16 9(5), (6)
[^c21637751]: Source—1972 Sch.16 10(1); 1975 (No.2) Sch.8 4
[^c21637761]: Source—1982 s.56(1)
[^c21637771]: Source—1972 Sch.16 10(1)
[^c21637781]: Source—1972 Sch.16 10A; 1973 Sch.9 3
[^c21637791]: Source—1972 Sch.16 10(2); 1980 Sch.9 3
[^c21637801]: *See* 1976(D) s.34*and* Sch.6 para.9(6)(7)—*development land tax.* 1976(D)*repealed by* 1985 s.98(6)*and* Sch.27 Pt.X.
[^c21637811]: *See* ss.539*and* 547—*certain gains under life policies.*
[^c21637821]: Source—1972 Sch.16 10(3); 1978 s.35(3); 1980 s.44(2)
[^c21637831]: *See* ss.539*and* 547—*certain gains under life policies.*
[^c21637841]: Source—1972 Sch.16 10(4), (4A); 1980 Sch.9 4
[^c21637851]: Source—1972 Sch.16 10(5); 1980 Sch.9 5
[^c21637861]: Source—1972 Sch.16 10(6)
[^c21637871]: Source—1972 Sch.16 10(7)
[^c21637881]: Source—[1972 Sch.16 10(8)(a)]
[^c21637891]: Source—[1972 Sch.16 10(8)(b), (c); 1985 Sch.25 9]
[^c21637901]: Source—[1972 Sch.16 10(9); 1980 Sch.9 6; 1987 Sch.15 4]
[^c21637911]: Source—[1972 Sch.16 11]
[^c21637921]: *See* 1974 s.44(4)*and* Sch.7 para.4(2)—*development gains.*
[^c21637931]: *See*—s.623(2)—*definition of “investment income” applied for purposes of retirement annuities.*[s.745(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/745/4)—*definition of “trading company” applied for purpose of* Ch.III Part XVIII (*transfer of assets abroad*).
[^c21637941]: Source—[1972 Sch.16 12(1); 1973 Sch.9 4(2), (4)]
[^c21637951]: Source—[1972 Sch.16 12(2)]
[^c21637961]: Source—[1972 Sch.16 12(2A); 1973 Sch.9 4(3)]
[^c21637971]: Source—[1972 Sch.16 12(2B); 1982 s.56(2)]
[^c21637981]: Source—[1972 Sch.16 12(3)]
[^c21637991]: Source—[1972 Sch.16 12A; 1978 Sch.5 2]
[^c21638001]: Source—[1972 Sch.16 13(1); 1980 Sch.9 7]
[^c21638011]: *See* 1976(D) s.34*and* Sch.6 para.9(8)—*development land tax.* 1976(D)*repealed by* 1985 s.98(6)*and* Sch.27 Pt.X.
[^c21638021]: Source—[1972 Sch.16 13(2)]
[^c21638031]: Source—[1972 Sch.16 13(3)]
[^c21638041]: [Sch.7 para.36(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/36/8) Copyright, Designs and Patents Act 1988*from* 1*August* 1989—*commencement order* S.I. [1989 No.816](https://www.legislation.gov.uk/ukcm/1989/816) (*not reproduced*).*Previously* “*tangible property or of copyright in a literary, dramatic, musical or artistic work within the meaning of the Copyright Act* 1956 (*or any corresponding right under the law of a country to which that Act does not extend*)”.
[^c21638051]: Source—[1956 c. 74](https://www.legislation.gov.uk/ukpga/1956/74).
[^c21638061]: [1956 c.74](https://www.legislation.gov.uk/ukpga/1956/74)
[^c21638071]: Source—[1972 Sch.16 13(4), (5)]
[^c21638081]: [1986 c. 45](https://www.legislation.gov.uk/ukpga/1986/45).
[^c21638091]: Source—[1972 Sch.16 14; 1975 (No.2) Sch.8 3(3)]
[^c21638101]: Source—[1975 (No.2) Sch.8 3(4).]
[^c21638111]: *Repealed by* 1989 s.187*and* Sch.17 Part V*but* Part I*continues to have effect where the subsequent distribution referred to in* 1988 s.427(4)*is made before* 1*April* 1992.
[^c21638121]: Source—[1972 Sch.16 15-20; 1976 s.44(3); 1987 (No.2) s.61(5), (6)]
[^c21638131]: [Sch.19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19)*repealed by* 1989 s.187*and* Sch.17 Part V*in relation to accounting periods beginning after* 31*March* 1989 (*except paragraph* 17*which repeal has effect on and after* 27*July* 1989).
[^c21638141]: [Sch.19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19)*repealed by* 1989 s.187*and* Sch.17 Part V*in relation to accounting periods beginning after* 31*March* 1989 (*except paragraph* 17*which repeal has effect on and after* 27*July* 1989).
[^c22765661]: Words in [Sch. 19AA para. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/1/2) inserted (with effect in accordance with [Sch. 8 para. 55](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 33](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/33)
[^c21638161]: See 1990 s. 42 and Sch.7 para.10(2) regarding treatment of assets in relation to the first period of account of an insurance company
[^c22754751]: Words in [Sch. 19AA para. 2(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/2/3/c) substituted (10.1.1995 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 1994 (S.I. 1994/3278)](https://www.legislation.gov.uk/uksi/1994/3278), [art. 3](https://www.legislation.gov.uk/uksi/1994/3278/article/3)
[^c22768981]: Words in [Sch. 19AA para. 2(1)(b)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/2/1/b/2/3) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(k)(i)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/k/i)
[^c22769061]: Words in [Sch. 19AA para. 2(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/2/3/d) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(m)(i)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/m/i)
[^c22769081]: Words in [Sch. 19AA para. 3(1)(a)(2)(a)(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/3/1/a/2/a/3/a) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(k)(ii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/k/ii)
[^c22754771]: [Sch. 19AA para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/1) substituted (10.1.1995 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 1994 (S.I. 1994/3278)](https://www.legislation.gov.uk/uksi/1994/3278), [art. 4(1)](https://www.legislation.gov.uk/uksi/1994/3278/article/4/1)
[^c22754811]: [Sch. 19AA para. 4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/3/4) inserted (10.1.1995 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 1994 (S.I. 1994/3278)](https://www.legislation.gov.uk/uksi/1994/3278), [art. 4(3)](https://www.legislation.gov.uk/uksi/1994/3278/article/4/3)
[^c22768791]: [Sch. 19AA para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/1): definition of "B" substituted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 3(2)](https://www.legislation.gov.uk/uksi/2000/2188/article/3/2)
[^c22768811]: [Sch. 19AA para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/2) substituted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 3(3)](https://www.legislation.gov.uk/uksi/2000/2188/article/3/3)
[^c22768831]: [Sch. 19AA para. 4(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/5) inserted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 3(4)](https://www.legislation.gov.uk/uksi/2000/2188/article/3/4)
[^c22768851]: [1996 c. 8](https://www.legislation.gov.uk/ukpga/1996/8).
[^c22769111]: Words in [Sch. 19AA para 4(1)(2)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/1/2/5) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(k)(iii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/k/iii)
[^c22769141]: Words in [Sch. 19AA para 4(2)(a)(b)(4)(b)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/2/a/b/4/b/5) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(m)(ii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/m/ii)
[^c23822381]: Words in [Sch. 19AA para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/1) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 7(2)](https://www.legislation.gov.uk/uksi/2005/3465/article/7/2)
[^c23822401]: Words in [Sch. 19AA para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/2) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 7(3)](https://www.legislation.gov.uk/uksi/2005/3465/article/7/3)
[^c23822451]: [Sch. 19AA para. 4(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/5): definition of "free assets amount" omitted (9.6.2006 with effect in accordance with art. 1(2)(3) of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [4](https://www.legislation.gov.uk/uksi/2006/1358/article/4)
[^c23822471]: Words in [Sch. 19AA para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/1) inserted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [9(2)](https://www.legislation.gov.uk/uksi/2007/1031/article/9/2)
[^c23822491]: [Sch. 19AA para. 4(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/1A) inserted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [9(3)](https://www.legislation.gov.uk/uksi/2007/1031/article/9/3)
[^c23822511]: Words in [Sch. 19AA para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/2) inserted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [9(4)(a)](https://www.legislation.gov.uk/uksi/2007/1031/article/9/4/a)
[^c23822531]: Words in [Sch. 19AA para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/2) inserted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [9(4)(b)](https://www.legislation.gov.uk/uksi/2007/1031/article/9/4/b)
[^c23822551]: [Sch. 19AA para. 4(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/2A) inserted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [9(5)](https://www.legislation.gov.uk/uksi/2007/1031/article/9/5)
[^c22754831]: Words in [Sch. 19AA para. 5(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5/a) inserted (10.1.1995 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 1994 (S.I. 1994/3278)](https://www.legislation.gov.uk/uksi/1994/3278), [art. 5(a)](https://www.legislation.gov.uk/uksi/1994/3278/article/5/a)
[^c22765681]: Words in [Sch. 19AA para. 5(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 8](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/8)
[^c22767831]: [Sch. 19AA para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 31](https://www.legislation.gov.uk/uksi/1997/473/regulation/31)
[^c22769591]: [Sch. 19AA para. 5(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [19](https://www.legislation.gov.uk/uksi/1998/1871/regulation/19)
[^c22768861]: Words in [Sch. 19AA para. 5(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5/a) substituted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 4(2)(a)](https://www.legislation.gov.uk/uksi/2000/2188/article/4/2/a)
[^c22768881]: [Sch. 19AA para. 5(5)(c)-(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5/c) substituted for para. 5(5)(c)-(g) (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 4(2)(b)](https://www.legislation.gov.uk/uksi/2000/2188/article/4/2/b)
[^c22768901]: [Sch. 19AA para. 5(6A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/6A) inserted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 4(3)](https://www.legislation.gov.uk/uksi/2000/2188/article/4/3)
[^c22768921]: [Sch. 19AA para. 5(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/7) omitted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by virtue of [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 4(4)](https://www.legislation.gov.uk/uksi/2000/2188/article/4/4)
[^c23822221]: Words in [Sch. 19AA para. 5(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5/c) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23822341]: [Sch. 19AA para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [25](https://www.legislation.gov.uk/uksi/2005/2014/regulation/25); and that modifying reg. 25 is omitted (14.8.2007 with effect in accordance with reg. 1(2) of the revoking S.I.) by virtue of [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [23](https://www.legislation.gov.uk/uksi/2007/2134/regulation/23)
[^c23822331]: [Sch. 19AA para. 5(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [17](https://www.legislation.gov.uk/uksi/2004/2680/regulation/17); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23822241]: [Sch. 19AA para. 5(5A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5A) inserted (31.12.2004 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2004 (S.I. 2004/3275)](https://www.legislation.gov.uk/uksi/2004/3275), [art. 3(2)](https://www.legislation.gov.uk/uksi/2004/3275/article/3/2)
[^c23822371]: [S.I. 1995/3237](https://www.legislation.gov.uk/uksi/1995/3237)
[^c23822261]: Words in [Sch. 19AA para. 5(6A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/6A) inserted (31.12.2004 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2004 (S.I. 2004/3275)](https://www.legislation.gov.uk/uksi/2004/3275), [art. 3(3)](https://www.legislation.gov.uk/uksi/2004/3275/article/3/3)
[^c21638621]: [Sch. 19A para. 1(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A/paragraph/1/1/3): s. 451(1) (with s. 451(1A) and Sch. 19A para. 1(1)(3)) power exercised by [S.I.1991/851](https://www.legislation.gov.uk/uksi/1991/851).
[^c21638631]: *Repealed by* S.I. [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(2)(a)*coming into force* 2*January* 1991 for 1988-89*and subsequent years.*
[^c21638641]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(2)(b)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638661]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(3)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638671]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 4*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638681]: [Sch. 19A para. 2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A/paragraph/2B) amended for the year of assessment 1988-89 by [S.I. 1991/851](https://www.legislation.gov.uk/uksi/1991/851), [reg. 5(2)](https://www.legislation.gov.uk/uksi/1991/851/regulation/5/2). [Sch. 19A para. 2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A/paragraph/2B) modified (28.3.1992 with effect for the year of assessment 1989-1990 only) by [S.I. 1992/511](https://www.legislation.gov.uk/uksi/1992/511), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1992/511/regulation/1/1), [5(2)](https://www.legislation.gov.uk/uksi/1992/511/regulation/5/2)
[^c21638691]: [Sch. 19A paras. 2A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A/paragraph/2A), [2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A/paragraph/2B) inserted by [S.I. 1990/2524](https://www.legislation.gov.uk/uksi/1990/2524)
[^c21638701]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 5*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638711]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(4)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638731]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(4)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638751]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(4)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638761]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(4)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638781]: 1989 s.149(6)(4)(a)(iii)—*not to affect assessments before* 1983-84 or*accounting periods before* 1*April* 1983.*Previously* “37, 40 and 41” *and* “fraud, wilful default or neglect”.
[^c21638801]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(4)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638811]: *Repealed by* 1989 s.187*and* Sch.17 Part VIII.
[^c21638821]: *Repealed by* S.I. [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(5)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638831]: 1988(F) s.58*for* 1988-89*and subsequent years.*
[^c21638841]: Source—[1986 c. 60](https://www.legislation.gov.uk/ukpga/1986/60) Sch. 7 Pts. II—IV.
[^c21638851]: [1961 c. 62](https://www.legislation.gov.uk/ukpga/1961/62).
[^c21638881]: [1960 c. 58](https://www.legislation.gov.uk/ukpga/1960/58).
[^c21638891]: Words in [Sch. 20 para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/3) inserted (1.8.1993) by [1993 c. 10](https://www.legislation.gov.uk/ukpga/1993/10), [ss. 98(1)](https://www.legislation.gov.uk/ukpga/1993/10/section/98/1), [99(1)](https://www.legislation.gov.uk/ukpga/1993/10/section/99/1), [Sch. 6 para. 25(a)](https://www.legislation.gov.uk/ukpga/1993/10/schedule/6/paragraph/25/a)
[^c21638901]: [1964 c. 33 (N.I.)](https://www.legislation.gov.uk/apni/1964/33).
[^c22767671]: Word in [Sch. 20 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/5) substituted (with effect in accordance with [Sch. 38 para. 6(11)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(l)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/l)
[^c23824111]: Words in [Sch. 20 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/5) repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 7(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/7/10), [Sch. 27 Pt. 6(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/6/5)
[^c22769511]: Words in [Sch. 20 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/6) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 50](https://www.legislation.gov.uk/uksi/2001/3629/article/50)
[^c22767681]: Words in [Sch. 20 para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/7/1) substituted (with application in accordance with [Sch. 37 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 5](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/5))
[^c22767701]: [Sch. 20 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/7/3) inserted (with application in accordance with [Sch. 37 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 2(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/2/3)
[^c23824001]: Words in [Sch. 20 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/8) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 237(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/237/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23824021]: Words in [Sch. 20 para. 9(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/9/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 237(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/237/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21638921]: [Sch. 20 para. 3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/3A) inserted (1.9.1992) by [Charities Act 1992 (c. 41)](https://www.legislation.gov.uk/ukpga/1992/41), [s. 78(1)](https://www.legislation.gov.uk/ukpga/1992/41/section/78/1), [Sch. 6 para. 17](https://www.legislation.gov.uk/ukpga/1992/41/schedule/6/paragraph/17); [S.I. 1992/1900](https://www.legislation.gov.uk/uksi/1992/1900), [art. 2(1)](https://www.legislation.gov.uk/uksi/1992/1900/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/1992/1900/schedule/1)
[^c21638931]: Words in [Sch. 20 para. 3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/3A) inserted (1.8.1993) by [1993 c. 10](https://www.legislation.gov.uk/ukpga/1993/10), [ss. 98(1)](https://www.legislation.gov.uk/ukpga/1993/10/section/98/1), [99(1)](https://www.legislation.gov.uk/ukpga/1993/10/section/99/1), [Sch. 6 para. 25(b)](https://www.legislation.gov.uk/ukpga/1993/10/schedule/6/paragraph/25/b)
[^c22767731]: [Sch. 20 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/10) renumbered as para. 10(1) (with application in accordance with [Sch. 37 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/10) of the amending Act) by virtue of [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 2(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/2/4)
[^c22767721]: Words in [Sch. 20 para 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/10) substituted (with application in accordance with [Sch. 37 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 5](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/5)
[^c22767751]: [Sch. 20 para. 10(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/10/2) inserted (with application in accordance with [Sch. 37 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 2(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/2/4)
[^c23824051]: Words in [Sch. 20 para. 10(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/10/1/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 237(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/237/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23824081]: Words in [Sch. 20 para. 10(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/10/1/d) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 237(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/237/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21638961]: Words in [Sch. 20 para. 12(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/12/2) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(59)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/59) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23823961]: [Sch. 20 Pt. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/part/3) (paras. 11-14) repealed (with effect in accordance with s. 55(5) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/3), [Sch. 26 Pt. 3(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/5)
[^c23823981]: Words in [Sch. 20](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20) heading substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 237(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/237/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21639001]: *For regulations see* Part III Vol.5 (*under “Pension scheme surpluses: valuation”*).
[^c21639031]: *See* S.I.[1989 No.2290](https://www.legislation.gov.uk/ukcm/1989/2290), regn.10(5)*in* Part III Vol.5.
[^c21639041]: [Sch. 22 para. 7(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/22/paragraph/7/3/d) modified (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 271(10)](https://www.legislation.gov.uk/ukpga/1992/12/section/271/10), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21639051]: Words in [Sch. 22 para. 7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/22/paragraph/7) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(60)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/60) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21639061]: *See* S.I.[1989 No.2290](https://www.legislation.gov.uk/ukcm/1989/2290), regn.10(5)*in* Part III Vol.5.
[^c23824151]: Words in [Sch. 22 para. 7(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/22/paragraph/7/3/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 348(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/348/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21639081]: 1988(F) s.56.*Previously* “(2) The Board may by regulations provide that this Schedule, or any provision of it, shall not apply in relation to a scheme or to an employee—(a) in circumstances prescribed in the regulations; (b) in any case where in the opinion of the Board the facts are such that it would be appropriate for this Schedule, or the provision in question, not to apply.” *For regulations see* Part III Vol.5*under “Retirement Benefit Schemes: transitional provisions”*.
[^c21639091]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4, 5(2), 5(3), 6*and* 7*disapplied and when* para.2*modified.*
[^c21639101]: *For regulations see* Part III Vol.5 (*under “Retirement benefit schemes: maximum lump sum”*).
[^c21639111]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4, 5(2), 5(3), 6*and* 7*disapplied.*
[^c21639121]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4, 5(2), 5(3), 6*and* 7*disapplied.*
[^c21639131]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4, 5(2), 5(3), 6*and* 7*disapplied.*
[^c21639141]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4*and* 5(2), 5(3), 6*and* 7*disapplied, and when* paras.5(3), (4)*modified.*
[^c21639161]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4*and* 5(2), 5(3), 6*and* 7*disapplied, and when* paras.5(3), (4)*modified.*
[^c21639171]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4, 5(2), 5(3), 6*and* 7*disapplied.*
[^c21639181]: *Repealed by* 1989 ss.75*and* 187*and* Sch.6 paras.17*and* 18(10)*and* Sch.17 Part IV.
[^c23317471]: Words in [Sch. 24 para. 2(3A)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/2/3A/b/ii) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/4/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317691]: Words in [Sch. 24 para. 4(3A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/3A/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(6)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/6/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317711]: [Sch. 24 para. 4(3A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/3A/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(6)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/6/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322061]: Words in [Sch. 25 para. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/1) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 26](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/26); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21639531]: *Repealed by* 1990 s.67(3)(a)*and* s.132*and* Sch.19 Part IV*in relation to dividends paid on or after* 20*March* 1990.
[^c21639541]: 1990 s.67(3)(b)*in relation to dividends paid on or after* 20*March* 1990.
[^c23319631]: Words in [Sch. 25 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1) substituted (with application in accordance with [s. 134(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(2)(a)(i)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/2/a/i)
[^c23319591]: Words in [Sch. 25 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1) repealed (with application in accordance with s. 134(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(2)(a)(ii)(v)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/2/a/ii/v), [Sch. 26 Pt. 5(15)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/15), Note
[^c23319651]: Words in [Sch. 25 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1/b) substituted (with application in accordance with [s. 134(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(2)(a)(iii)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/2/a/iii)
[^c23319671]: Words in [Sch. 25 para. 2(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1/d) substituted (with application in accordance with [s. 134(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(2)(a)(iv)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/2/a/iv)
[^c23319621]: [Sch. 25 para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/2) repealed (with application in accordance with s. 134(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(2)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/2/b), [Sch. 26 Pt. 5(15)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/15), Note
[^c23319701]: [Sch. 25 para. 2(3)(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/3/3A) substituted for para. 2(3) (with application in accordance with [s. 134(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(2)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/2/c)
[^c23319781]: Words in [Sch. 25 para. 2(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1/d) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/2/a)
[^c23319811]: Words in [Sch. 25 para. 2(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/6) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/2/b)
[^c23322811]: [Sch. 25 para. 2(1B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1B) inserted (with application in accordance with [s. 88(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/88/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 88(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/88/1)
[^c23323251]: Words in [Sch. 25 para. 2(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1A) added (with application in accordance with [s. 82(8)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/8) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 82(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/2)
[^c23827161]: Words in [Sch. 25 para. 2(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1A/a) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 56](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/56) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23319741]: [Sch. 25 para. 3(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/3/4A) inserted (with application in accordance with [s. 134(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(4)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/4/a)
[^c23319761]: Words in [Sch. 25 para. 3(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/3/5) inserted (with application in accordance with [s. 134(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(4)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/4/b)
[^c23319991]: [Sch. 25 para. 3(1)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/3/1) repealed (with effect in accordance with s. 182 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(4)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/4/a), [Sch. 41 Pt. 5(34)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/34), Note
[^c23320051]: Words in [Sch. 25 para. 3(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/3/5) repealed (with effect in accordance with s. 182 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(4)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/4/b), [Sch. 41 Pt. 5(34)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/34), Note
[^c23322241]: Words in [Sch. 25 para. 3(4A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/3/4A/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 28](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/28); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21639551]: *Repealed by* 1990 s.67(3)(a)*and* s.132*and* Sch.19 Part IV*in relation to dividends paid on or after* 20*March* 1990.
[^c21639561]: 1990 s.67(3)(c)*in relation to dividends paid on or after* 20*March* 1990.
[^c23323321]: Words in [Sch. 25 para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/4/1) inserted (with application in accordance with [s. 82(8)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/8) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 82(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/4)
[^c23323341]: Words in [Sch. 25 para. 4(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/4/1A) inserted (with application in accordance with [s. 82(8)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/8) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 82(5)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/5)
[^c23323361]: Words in [Sch. 25 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/4/2) inserted (with application in accordance with [s. 82(8)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/8) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 82(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/6)
[^c23319831]: Words in [Sch. 25 para. 2A(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/1) repealed (with effect in accordance with s. 182 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(3)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/3/a), [Sch. 41 Pt. 5(34)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/34), Note
[^c23319971]: Words in [Sch. 25 para. 2A(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/5/c) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(3)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/3/b)
[^c23319951]: [Sch. 25 para. 2A(6)(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/6/7) repealed (with effect in accordance with s. 182 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(3)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/3/c), [Sch. 41 Pt. 5(34)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/34), Note
[^c23322141]: Words in [Sch. 25 para. 2A(2)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/2/a/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 27(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/27/2/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322161]: Words in [Sch. 25 para. 2A(2)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/2/a/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 27(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/27/2/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322181]: Words in [Sch. 25 para. 2A(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 27(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/27/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322201]: [Sch. 25 para. 2A(8)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/8/aa) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 27(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/27/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322221]: Words in [Sch. 25 para. 2A(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/8/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 27(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/27/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322481]: Words in [Sch. 25 para. 6(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4/b) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/5/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322501]: Words in [Sch. 25 para. 6(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4/b) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para 30(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/5/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322561]: Words in [Sch. 25 para. 6(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/5) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(8)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/8/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322931]: Words in [Sch. 25 para. 6(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/2)
[^c23322971]: [Sch. 25 para. 6(4A)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4A/c) and preceding word added (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/4)
[^c23323041]: [Sch. 25 para. 6(4B)(b)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4B/b/iii) and preceding word added (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/6)
[^c23323171]: Word in [Sch. 15 para. 6(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/6/6) substituted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(11)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/11)
[^c23826921]: Words in [Sch. 25 para. 6(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/1/c) substituted (retrospective to 27.11.2002 with effect in accordance with [s. 200(2)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/2/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 2(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/2/2)
[^c23322031]: Word in [Sch. 25 para. 13(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/13/2/c) substituted (with effect in accordance with [Sch. 38 para. 6(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(m)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/m)
[^c23319321]: Words in [Sch. 26 para. 1(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/3/a) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 46](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/46) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23828701]: [Sch. 27](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27) applied (with modifications) (22.10.2004 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Offshore Funds Regulations 2004 (S.I. 2004/2572)](https://www.legislation.gov.uk/uksi/2004/2572), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2572/regulation/1/1), [4](https://www.legislation.gov.uk/uksi/2004/2572/regulation/4)
[^c21639631]: Source—[1984 Sch.19; 1986 s.50; 1987 (No.2) s.66]
[^c23319121]: [Sch. 27 para. 1(2)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/1/2/a/b) substituted (with effect in accordance with [s. 134(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/134/9) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 134(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/134/4)
[^c23828791]: [Sch. 27 para. 1(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/1/1/d) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/2)
[^c23828351]: Words in [Sch. 27 para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/3/1) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 8(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/8/2) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828811]: [Sch. 27 para. 3(1)(a)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/3/1/a/aa) substituted for para. 3(1)(a) (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/3)
[^c23828831]: Words in [Sch. 27 para. 3(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/3/1/b) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(4)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/4)
[^c21639641]: 1988(F) s.146*and* Sch.13 para.12 (*deemed always to have had effect*).
[^c21639651]: [Sch. 27 para. 5(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/2A) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 170](https://www.legislation.gov.uk/ukpga/1993/34/section/170), [Sch. 18 para.6](https://www.legislation.gov.uk/ukpga/1993/34/schedule/18/paragraph/6)
[^c23319161]: [Sch. 27 para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/1) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 10 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10/paragraph/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15)) (and as that para. 3 is substituted (with effect in accordance with s. 82(2) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 39](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/39))
[^c23319141]: [Sch. 27 para. 5(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/2A) substituted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 176(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/176/2)
[^c23317361]: Words in [Sch. 27 para. 5(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/5) substituted (with effect in accordance with [s. 154(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 28 para. 6](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/6)
[^c23319181]: [Sch. 27 para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/1) modified (with effect in accordance with s. 83(3) of the modifying Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 35](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/35) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23319171]: [Sch. 27 para. 5(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/2A) repealed (with effect in accordance with Sch. 40 Pt. 3(10) Note, Sch. 40 Pt. 3(13) Note of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13)
[^c23828311]: [Sch. 27 para. 5(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/3/d) and preceding word inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 1(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/1/1) (with [Sch. 26 paras. 1(3)-(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/1/3), [17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828331]: [Sch. 27 para. 5(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/3/e) and preceding word inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 1(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/1/1) (with [Sch. 26 paras. 2(3)-(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/2/3), [17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828751]: Words in [Sch. 27 para. 5(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 350(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/350/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23828451]: Words in [Sch. 27 para. 6(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/6/1/b) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/2/a) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828471]: Words in [Sch. 27 para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/6/1) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/2/b) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828491]: Words in [Sch. 27 para. 6(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/6/3/a) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(2)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/2/c) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828851]: Words in [Sch. 27 para. 6(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/6/1/c) repealed (with effect in accordance with s. 57(8) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 57(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/57/4), [Sch. 27 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/18), Note
[^c23828511]: Words in [Sch. 27 para. 7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/7) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/3) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828581]: [Sch. 27 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/10) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/4), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c23828601]: Words in [Sch. 27 para. 11(1)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/11/1/4) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(5)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/5/a), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c23828541]: Words in [Sch. 27 para. 11(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/11/1) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(5)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/5/b) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828371]: Words in [Sch. 27 para. 11(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/11/2/a) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 8(3)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/8/3/a) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828391]: Words in [Sch. 27 para. 11(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/11/2/b) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 8(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/8/3/b) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828411]: Words in [Sch. 27 para. 11(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/11/2/c) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 8(3)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/8/3/c) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828631]: [Sch. 27 paras. 12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/12), [13](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/13) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/6), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c23828651]: [Sch. 27 paras. 12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/12), [13](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/13) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/6), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c21639661]: [1987 c. 51](https://www.legislation.gov.uk/ukpga/1987/51).
[^c23828561]: Words in [Sch. 27 para. 14](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/14) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/7) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828671]: Words in [Sch. 27 para. 16(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/16/1) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(8)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/8), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c21639671]: Source—[1984 Sch.20.]
[^c21639681]: Words in [Sch. 28 para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28/paragraph/2) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(63)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/63/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21639751]: Words in [Sch. 28 para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28/paragraph/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(63)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/63/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23327731]: [Sch. 28 para. 3(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28/paragraph/3/4) repealed (with effect in accordance with Sch. 8 para. 55 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 1
[^c21639811]: Words in [Sch. 28 para. 4(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28/paragraph/4/3/b) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(63)(c)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/63/c) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21639821]: Words in [Sch. 28 para. 8(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28/paragraph/8/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(63)(c)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/63/c) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21639841]: [Sch. 28 para. 8(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28/paragraph/8/4/5) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c23830671]: [Sch. 28](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28) applied (with modifications) (22.10.2004 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Offshore Funds Regulations 2004 (S.I. 2004/2572)](https://www.legislation.gov.uk/uksi/2004/2572), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2572/regulation/1/1), [5](https://www.legislation.gov.uk/uksi/2004/2572/regulation/5)
[^c21642521]: *See* 1990 s.132*and* Sch.19 Part V*for repeal in relation to allowances and charges falling to be made for chargeable periods ending after the day to be appointed* (*see* 1988 s.10).
[^c21642531]: *See* 1990 s.132*and* Sch.19 Part V*for repeal in relation to allowances and charges falling to be made for chargeable periods ending after the day to be appointed* (*see* 1988 s.10).
[^c21642551]: *Repealed by* 1989 s.187*and* Sch.17 Part V*in relation to accounting periods beginning after* 31*March* 1989.
[^c21642561]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c21642571]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*for* 1988-89*and subsequent years.*
[^c21642591]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IX*from* 3*April* 1989—*commencement order* S.I. [1989 No.473](https://www.legislation.gov.uk/ukcm/1989/473) (*in* Part III Vol.5).
[^c21642631]: *Repealed by* 1988(F) Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c21642671]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21642681]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21642771]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*for* 1988-89*and subsequent years.*
[^c21642801]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21642851]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21642921]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21642931]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21642981]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21643011]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21643091]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21643101]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21643141]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*for* 1988-89*and subsequent years.*
[^c21643171]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VI*for accounting periods ending after* 5*April* 1988.
[^c21643201]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21643271]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VI*for disposals made on or after* 6*April* 1988.
[^c23835961]: [Sch. 29 para. 32](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/32) Table: entry relating to 178(1) of the Inheritance Tax Act 1984 repealed (with effect in accordance with Sch. 43 Pt. 4(1) Note of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 43 Pt. 4(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/4/1)
[^c23836051]: [Sch. 29 para. 32](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/32) Table: entries relating to ss. 12(2), 151, 152 of the [Inheritance Tax Act 1984 (c. 51)](https://www.legislation.gov.uk/ukpga/1984/51) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c21799391]: Word "or" repealed by 1991 s. 123 and Sch. 19 Part V in relation to losses incurred in accounting periods ending on or after 1 April 1991.
[^c21818061]: 1991 s.73(3)-(5) and Sch. 15 para. 27(1) in relation to losses incurred in accounting periods ending on or after 1 April 1991 - deemed always to have had effect.
[^c21818071]: Word "or" repealed by 1991 s. 123 and Sch. 19 Part V in relation to losses incurred in accounting periods ending on or after 1 April 1991.
[^c21818081]: 1991 s. 73(3)-(5) and Sch. 15 para. 27(1) in relation to losses incurred in accounting periods ending on or after 1 April 1991 - deemed always to have had effect.
[^c23836211]: [Sch. 30 para. 5(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/5/6/b) and preceding word repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 352(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/352/2/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23836241]: Words in [Sch. 30 para. 5(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/5/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 352(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/352/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23836261]: Words in [Sch. 30 para. 5(11)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/5/11) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 352(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/352/2/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23836191]: [Sch. 30 para. 5(13)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/5/13) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 352(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/352/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21638221]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638241]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art. 2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638261]: [Sch. 19AB para. 1(9)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/9) repealed (27.7.1993 with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 103(2)(h)(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2/h/3/4), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(9)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/9)
[^c22765701]: Word in [Sch. 19AB para. 1(5)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/5/b/i) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 12(1)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/12/1/b) (with [s. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/2))
[^c22767071]: Words in [Sch. 19AB para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/1) inserted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/2)
[^c22767091]: [Sch. 19AB para. 1(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/3/4) substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/3)
[^c22767111]: Word in [Sch. 19AB para. 1(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/5/b) repealed (with effect in accordance with s. 169(3) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(27)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/27), Note
[^c22767151]: [Sch. 19AB para. 1(5)(b)(ii)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/5/b/ii/iii) substituted for Sch. 19AB para. 1(5)(b)(ii) (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/4)
[^c22767171]: [Sch. 19AB para. 1(6)(6A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/6/6A) substituted for Sch. 19AB para. 1(6) (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/5)
[^c22767191]: [Sch. 19AB para. 1(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/7) substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(6)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/6)
[^c22767131]: [Sch. 19AB para. 1(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/8) repealed (with effect in accordance with s. 169(3) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(7)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/7), [Sch. 41 Pt. 5(27)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/27), Note
[^c22767211]: [Sch. 19AB para. 1(10)(11)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/10/11) substituted for Sch. 19AB para. 1(10) (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/8)
[^c22798971]: [Sch. 19AB para. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1) amended (otherwise than as it has effect as mentioned in [Sch. 3 para. 11(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/1) of the amending Act, and with effect in accordance with Sch. 3 para. 10(6)(7), Sch. 8 Pt. 2(6) Note of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 10(1)-(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/10/1), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6)
[^c22798931]: Words in [Sch. 19AB para. 1(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/7) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(2)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/2/a), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22798951]: [Sch. 19AB para. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1): word preceding para. 1(7)(b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22798941]: [Sch. 19AB para. 1(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/7/b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(2)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/2/b), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22798961]: Words in [Sch. 19AB para. 1(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/7) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(2)(c)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/2/c), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799091]: Words in [Sch. 19AB para. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/4) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799141]: [Sch. 19AB para. 1(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/6) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799161]: Words in [Sch. 19AB para. 1(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/7) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799181]: [Sch. 19AB para. 1(10)(11)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/10/11) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799591]: Words in [Sch. 19AB para. 1(5)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/5/a/b) substituted (2.7.2002) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2002 (S.I. 2002/1409)](https://www.legislation.gov.uk/uksi/2002/1409), [art. 2(3)](https://www.legislation.gov.uk/uksi/2002/1409/article/2/3)
[^c21638271]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch.8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638281]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch.8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c22767251]: [Sch. 19AB para. 2(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/2/1/2) substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 2(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/2/2)
[^c22767271]: [Sch. 19AB para. 2(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/2/3): words in definition of "total entitlement" substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 2(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/2/3)
[^c22799201]: Words in [Sch. 19AB para. 2(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/2/1/c) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/6); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21638291]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638301]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch.8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c22767291]: [Sch. 19AB para. 3(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1/a/b) substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 3(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/3/2)
[^c22767311]: [Sch. 19AB para. 3(1A)-(1D)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1A) inserted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 3(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/3/3)
[^c22767341]: Words in [Sch. 19AB para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/3/b) substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 3(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/3/4)
[^c22767361]: Word in [Sch. 19AB para. 3(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/4) substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 3(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/3/5)
[^c22767381]: [Sch. 19AB para. 3(8)(9)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/8/9) added (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 3(6)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/3/6)
[^c22798981]: Words in [Sch. 19AB para. 3(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1A) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(3)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/3/a), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799001]: Words in [Sch. 19AB para. 3(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1A) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(3)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/3/b), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799021]: [Sch. 19AB para. 3(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1A): word preceding para. (b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799011]: [Sch. 19AB para. 3(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1A/b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(3)(c)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/3/c), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799051]: Words in [Sch. 19AB para. 3(1B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1B) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(4)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/4/a), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799031]: [Sch. 19AB para. 3(1B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1B): word preceding para. (b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799071]: [Sch. 19AB para. 3(1B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1B/b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(4)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/4/b), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799061]: Words in [Sch. 19AB para. 3(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/8) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(5)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/5/a), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799041]: [Sch. 19AB para. 3(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/8): word preceding para. (b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799081]: [Sch. 19AB para. 3(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/8/b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(5)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/5/b), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799221]: Words in [Sch. 19AB para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799351]: [Sch. 19AB para. 3(1ZA)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1ZA) inserted (with effect in accordance with [s. 91(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/91/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 91(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/91/1)
[^c22799241]: Words in [Sch. 19AB para. 3(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1A) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/8); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799331]: [Sch. 19AB para. 3(1C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1C): word at the end of para. (a) inserted (with effect in accordance with [s. 37(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/37/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 37(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/37/2/a); [S.I. 1999/619](https://www.legislation.gov.uk/uksi/1999/619), [art. 2](https://www.legislation.gov.uk/uksi/1999/619/article/2)
[^c22799341]: [Sch. 19AB para. 3(1C)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1C/c) and preceding word repealed (with effect in accordance with s. 37(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 37(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/37/2/b), [Sch. 27 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/3); [S.I. 1999/619](https://www.legislation.gov.uk/uksi/1999/619), [art. 2](https://www.legislation.gov.uk/uksi/1999/619/article/2)
[^c22799261]: [Sch. 19AB para. 3(1D)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1D) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(9)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/9); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799281]: Words in [Sch. 19AB para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/3) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(10)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/10); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799301]: Words in [Sch. 19AB para. 3(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/7) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(11)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/11); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799321]: Words in [Sch. 19AB para. 3(9)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/9) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by virtue of [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(12)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/12); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21638311]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch.8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638321]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638331]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638341]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638351]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638361]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c22767401]: [Sch. 19AB para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/6/1): definition of "provisional fraction" substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 4(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/4/2)
[^c22767441]: [Sch. 19AB para. 6(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/6/3) repealed (with effect in accordance with s. 169(3) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para 4(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/4/3), [Sch. 41 Pt. 5(27)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/27), Note
[^c22767421]: [Sch. 19AB para. 6(4)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/6/4) added (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 4(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/4/4)
[^c22767461]: [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9).
[^c22799371]: Words in [Sch. 19AB para. 6(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/6/4/b) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(13)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/13); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21639211]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c22890611]: [Sch. 23A para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/1/1): definitions of "approved stock lending arrangement", "market maker", "recognised clearing house", "recognised investment exchange", "unapproved manufactured payment" and "unapproved stock lending arrangement" repealed (with effect in accordance with Sch. 18 Pt. 6(10), Notes 1, 2 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22890721]: [Sch. 23A para 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/1/2) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Note 2 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891391]: [Sch. 23A para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/1/1): definition of "foreign income dividend" repealed (with effect in accordance with Sch. 6 para. 17(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 17(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/17/2), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22899501]: [Sch. 23A para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/1/1): in the definition of "overseas securities", para. (b) and preceding word repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17)
[^c22899511]: [Sch. 23A para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/1/1): words in definition of "UK securities" repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17)
[^c23824821]: [Sch. 23A para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/1/1): definition of "interest manufacturer" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/2/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23824841]: [Sch. 23A para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/1/1): words in definition of "manufactured dividend", "manufactured interest" and "manufactured overseas dividend" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/2/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23824801]: [Sch. 23A para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/1/1): definition of "manufactured interest" inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(2)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21639261]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg. 2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs. 2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs. 2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c22890991]: [Sch. 23A paras 2-2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2) and cross-headings substituted for Sch. 23A para. 2 and cross-heading (with effect in accordance with [Sch. 10 para. 16](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16) of the amending Act) by Finance Act [1997 c. 16](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 10(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/10/1)
[^c22891411]: Words in [Sch. 23A para. 2(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/6) repealed (with effect in accordance with Sch. 6 para. 17(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 17(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/17/3), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23824791]: [Sch. 23A para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2) modified (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [ss. 134](https://www.legislation.gov.uk/ukpga/2006/25/section/134), [139(1)(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/139/1/2), [Sch. 17 para. 30](https://www.legislation.gov.uk/ukpga/2006/25/schedule/17/paragraph/30) (as that affecting s. 139 is amended by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/1034/1), [Sch. 1 para. 621](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/621), [Sch. 3 Pt.1](https://www.legislation.gov.uk/ukpga/2006/25/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2006/25/schedule/2)) and [S.I. 2009/2859](https://www.legislation.gov.uk/uksi/2009/2859), [arts. 1](https://www.legislation.gov.uk/uksi/2009/2859/article/1), [3](https://www.legislation.gov.uk/uksi/2009/2859/article/3))
[^c22892581]: [Sch. 23A para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/2) substituted (with effect in accordance with [s. 102(10)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/10) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/5)
[^c22892621]: [Sch. 23A para. 2(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/3/a) repealed (with effect in accordance with s. 102(10) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/6), [Sch. 27 Pt. 3(24)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/24), Note
[^c22901351]: [Sch. 23A para. 2(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/4/5) repealed (with effect in accordance with s. 102(10) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(8)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/8/a), [Sch. 27 Pt. 3(24)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/24), Note
[^c22901361]: [Sch. 23A para. 2(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/6/b) and preceding word repealed (with effect in accordance with s. 102(10) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(8)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/8/a), [Sch. 27 Pt. 3(24)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/24), Note
[^c23824871]: Word in [Sch. 23A para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/2) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825971]: [Sch. 23A para. 2(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/2/b) applied by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69Z24C(3)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z24C/3) (as inserted (1.1.2009 with effect in accordance with reg. 1(2)(3) of the amending S.I.) by [The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159)](https://www.legislation.gov.uk/uksi/2008/3159), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2008/3159/regulation/1/1), [27](https://www.legislation.gov.uk/uksi/2008/3159/regulation/27))
[^c23824891]: Word in [Sch. 23A para. 2(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/3/b) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23824951]: [Sch. 23A para. 2(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/3/c) and preceding word repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(3)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/3/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23824981]: Words in [Sch. 23A para. 2(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/6/a) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(3)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/3/d), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23824911]: [Sch. 23A para. 2(6)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/6/aa) and preceding word inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(3)(e)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/3/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23824931]: Words in [Sch. 23A para. 2(7)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/7/c) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(3)(f)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/3/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22891011]: [Sch. 23A paras. 2-2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2) and cross-headings substituted for Sch. 23A para. 2 and cross-heading (with effect in accordance with [Sch. 10 para. 16](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16) of the amending Act) by Finance Act [1997 c. 16](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 10(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/10/1)
[^c21639321]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c21639331]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c21639341]: [Sch. 23A para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/1) applied (1.10.1993) by [S.I. 1993/2004](https://www.legislation.gov.uk/uksi/1993/2004), [reg.2](https://www.legislation.gov.uk/uksi/1993/2004/regulation/2)
[^c22887831]: [Sch. 23A para. 4(7A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/7A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 124](https://www.legislation.gov.uk/ukpga/1994/9/section/124)
[^c22889751]: [Sch. 23A para 4(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/3A/3B) inserted (with effect in accordance with [s. 159(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/5)
[^c22889851]: [Sch. 23A para. 4(7AA)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/7AA) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/6)
[^c22889791]: [Sch. 23A para. 4(7A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/7A) repealed (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(21)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/21), Note 2
[^c22889831]: [Sch. 23A para. 4(9)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/9) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 52(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/52/4) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22899521]: [Sch. 23A para. 4(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/8) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17)
[^c23824251]: [Sch. 23A paras. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/3), [4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4) modified (with effect in accordance with s. 153(4) of the modifying Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/a)
[^c23824601]: [Sch. 23A para. 4(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/1A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 37(3)
[^c23824691]: [Sch. 23A para. 4(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/2A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 37(5)
[^c23825061]: [Sch. 23A para. 4(2)-(3B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(5)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/5/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825211]: Words in [Sch. 23A para. 4(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(5)(b)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/5/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825231]: Words in [Sch. 23A para. 4(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(5)(b)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/5/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825251]: Words in [Sch. 23A para. 4(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(5)(b)(iii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/5/b/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825121]: Words in [Sch. 23A para. 4(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/4) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(5)(b)(iv)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/5/b/iv), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825271]: Words in [Sch. 23A para. 4(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/4/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(5)(b)(v)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/5/b/v) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825311]: Words in [Sch. 23A para. 4(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/4/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(5)(b)(vi)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/5/b/vi) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825141]: [Sch. 23A para. 4(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/5/a) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(5)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/5/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825161]: [Sch. 23A para. 4(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/6) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(5)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/5/d), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825181]: [Sch. 23A para. 4(7)(7AA)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/7/7AA) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(5)(e)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/5/e), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825341]: Word in [Sch. 23A para. 4(9)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/9) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(5)(f)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/5/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21639371]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in s. 58(3) in relation to payments made on or after such day as may be specified: 26.2.1992 specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); 30.6.1992 specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); 21.4.1993 specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs. 2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b),4)
[^c21639381]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c22891071]: [Sch. 23A para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/5) repealed (with effect in accordance with Sch. 10 para. 16, Sch. 18 Pt. 6(10) Note 3 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 12](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/12), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c21639391]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c21639401]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c22891091]: [Sch. 23A para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/6) repealed (with effect in accordance with Sch. 10 para. 7(2), Sch. 18 Pt. 6(10) Note 2 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 4(a)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/4/a), [Sch 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c21639411]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c21639421]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c22889971]: [Sch. 23A para. 7(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 52(7)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/52/7) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22891111]: Words in [Sch. 23A para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Notes 3, 4(e) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891191]: [Sch. 23A para. 7(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/2) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Note 3(b) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891231]: Words in [Sch. 23A para. 7(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/3/a) repealed (with effect in accordance with Sch. 10 para. 7(2), Sch. 18 Pt. 6(10) Note 2(c) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 4(b)(i)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/4/b/i), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891251]: [Sch. 23A para. 7(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/3/b) repealed (with effect in accordance with Sch. 10 para. 7(2), Sch. 18 Pt. 6(10) Note 2(c) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 4(b)(ii)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/4/b/ii), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891271]: Words in [Sch. 23A para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/3) substituted (with effect in accordance with [Sch. 10 para. 7(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/7/2) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 4(b)(iii)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/4/b/iii); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23824711]: Words in [Sch. 23A para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 37(7)
[^c23825421]: Words in [Sch. 23A para. 7(1)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1/b/i) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(6)(a)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/6/a/i), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825441]: Words in [Sch. 23A para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(6)(a)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/6/a/ii), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825461]: Words in [Sch. 23A para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(6)(a)(iii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/6/a/iii), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825481]: Words in [Sch. 23A para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(6)(a)(iv)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/6/a/iv), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825501]: Words in [Sch. 23A para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(6)(a)(v)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/6/a/v), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825361]: Words in [Sch. 23A para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(6)(a)(vi)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/6/a/vi) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825381]: Words in [Sch. 23A para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(6)(a)(vii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/6/a/vii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825521]: Words in [Sch. 23A para. 7(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(6)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/6/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825401]: Words in [Sch. 23A para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(6)(c)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/6/c/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825541]: Words in [Sch. 23A para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/3) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(6)(c)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/6/c/ii), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825561]: Words in [Sch. 23A para. 7(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/3/a) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(6)(c)(iii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/6/c/iii), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825581]: Words in [Sch. 23A para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/3) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(6)(c)(iv)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/6/c/iv), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825601]: Words in [Sch. 23A para. 7(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/4/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(6)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/6/d), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21639431]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c21639441]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c22889991]: [Sch. 23A para. 8(1)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/1/aa) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(7)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/7/a)
[^c22890031]: [Sch. 23A para. 8(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/1A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(8)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/8)
[^c22891291]: Words in [Sch. 23A para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/1) substituted (with effect in accordance with [Sch. 10 para. 16](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 13(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/13/1); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891311]: Words in [Sch 23A para. 8(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/2) substituted (with effect in accordance with [Sch. 10 para. 16](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 13(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/13/2); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891331]: [Sch. 23A para. 8(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/2A) inserted (with effect in accordance with [Sch. 10 para. 16](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 13(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/13/3); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23825731]: Words in [Sch. 23A para. 8(1)(a)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/1/a/aa) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(8)(a)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/8/a/i), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825761]: Words in [Sch. 23A para. 8(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/1/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(8)(a)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/8/a/ii), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825651]: Words in [Sch. 23A para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(8)(a)(iii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/8/a/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825671]: Word in [Sch. 23A para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/1) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(8)(a)(iv)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/8/a/iv) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825691]: Word in [Sch. 23A para. 8(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/1A/b) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(8)(b)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/8/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825781]: Words in [Sch. 23A para. 8(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/1A/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(8)(b)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/8/b/ii), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825801]: [Sch. 23A para. 8(2)(c)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/2/c/d) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(8)(c)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/8/c/i), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825831]: Words in [Sch. 23A para. 8(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(8)(c)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/8/c/ii), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825851]: Words in [Sch. 23A para. 8(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(8)(c)(iii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/8/c/iii), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825871]: [Sch. 23A para. 8(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/2A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(8)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/8/d), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825711]: Words in [Sch. 23A para. 8(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/3/a) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(8)(e)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/8/e/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825891]: [Sch. 23A para. 8(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/3/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(8)(e)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/8/e/ii), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22891351]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) modified (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 7 para. 7(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/7/3)
[^c23825001]: [Sch. 23A paras. 2A-3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22891471]: [Sch. 23A para. 2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2B) repealed (with effect in accordance with Sch. 6 para. 17(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 17(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/17/4), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23825021]: [Sch. 23A paras. 2A-3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825041]: [Sch. 23A paras. 2A-3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825631]: [Sch. 23A para. 7A(10)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7A/10): definition of "tax advantage" substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825911]: [Sch. 23A para. 7A(10)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7A/10): in definition of "manufactured payment", para. (d) inserted (with effect in accordance with [Sch. 5 para. 9(2)-(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/9/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 9(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/9/1)
[^c21633191]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633201]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633211]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633221]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633231]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633241]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633251]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633261]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633271]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633281]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633291]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633301]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633311]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633321]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633331]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633341]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633351]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633361]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633371]: [1970 c. 9](https://www.legislation.gov.uk/ukpga/1970/9).
[^c21633381]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633391]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633401]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633411]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633421]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633431]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633441]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633451]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633461]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21635381]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635391]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635401]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635411]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635421]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635431]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635441]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635451]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635461]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635471]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635481]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635491]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635501]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635511]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635521]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635531]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635541]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635551]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635561]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635571]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635581]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635591]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635601]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635611]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635621]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635631]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635641]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635651]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635661]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635671]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635681]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635691]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635701]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635711]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635721]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635731]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635741]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635751]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635761]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635771]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635781]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635791]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635801]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635811]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635821]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635831]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635841]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635851]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635861]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635871]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635881]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635891]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635901]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635911]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635921]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635931]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635941]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635951]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21638381]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c21638391]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22768271]: [Sch. 19AC para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/2) repealed (with effect in accordance with Sch. 3 para. 13(14) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/2), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c21638401]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22765791]: [Sch. 19AC para. 3(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/3/4) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22769161]: Words in [Sch. 19AC para. 3(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/3/2/3) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(l)(i)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/l/i)
[^c21638411]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para. 1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22765811]: [Sch. 19AC para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4/2) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22769181]: Words in [Sch. 19AC para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4/1) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 49(5) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/2/a)
[^c22769201]: Words in [Sch. 19AC para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4/1) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 49(5) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/2/b)
[^c22769221]: Words in [Sch. 19AC para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4/1) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 49(5) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(2)(c)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/2/c)
[^c21638431]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22769571]: [Sch. 19AC para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/5) modified (23.3.1999 with effect in accordance with reg. 1 of the modifying S.I.) by [The Insurance Companies (Capital Redemption Business) (Modification of the Corporation Tax Acts) Regulations 1999 (S.I. 1999/498)](https://www.legislation.gov.uk/uksi/1999/498), [regs. 3](https://www.legislation.gov.uk/uksi/1999/498/regulation/3), [8](https://www.legislation.gov.uk/uksi/1999/498/regulation/8)
[^c23822921]: [Sch. 19AC paras. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/5), [5ZA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/5ZA) substituted for para. 5 (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 36(2)
[^c21638441]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22765851]: [Sch. 19AC para. 6(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/6/3/4) repealed (with effect in accordance with Sch. 8 para. 55(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 37](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/37), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 1
[^c22766141]: [Sch. 19AC para. 6(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/6/4A) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 35(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/35/3)
[^c22776901]: [Sch. 19AC para. 6(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/6/6) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22769291]: Words in [Sch. 19AC para. 6(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/6/1/a) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(l)(ii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/l/ii)
[^c22769301]: Words in [Sch. 19AC para. 6(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/6/1/b) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(o)(i)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/o/i)
[^c21638451]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22766961]: [Sch. 19AC para. 7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/7) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 39](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/39)
[^c22768591]: Words in [Sch. 19AC para. 7(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/7/3/b) substituted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(9)(c)(i)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/9/c/i)
[^c22768611]: [Sch. 19AC para. 7(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/7/3/c) repealed (with effect in accordance with s. 109(10) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(9)(c)(ii)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/9/c/ii), [Sch. 40 Pt. 2(16)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/16), Note 1
[^c22769311]: Words in [Sch.19AC para. 7(2)(a)(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/7/2/a/3/a/b) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(o)(ii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/o/ii)
[^c21638461]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22766161]: Words in [Sch. 19AC para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/8/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 40(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/40/2/a)
[^c22766181]: Words in [Sch. 19AC para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/8/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 40(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/40/2/b)
[^c22766201]: Words in [Sch. 19AC para. 8(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/8/2) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 40(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/40/3)
[^c22766221]: [Sch. 19AC para. 8(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/8/3) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 40(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/40/4)
[^c22765911]: [Sch. 19AC para. 8(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/8/4) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c21638471]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22765931]: [Sch. 19AC para. 9(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9/2/3) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22768371]: [Sch. 19AC para. 9(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9/1) substituted (with effect in accordance with [Sch. 3 para. 13(15)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/6)
[^c22768751]: [Sch. 19AC para. 9(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9/1) modified by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [reg. 21A](https://www.legislation.gov.uk/uksi/1998/1871/regulation/21A) (as inserted (22.8.2000) by [The Individual Savings Account (Insurance Companies) (Amendment) Regulations 2000 (S.I. 2000/2075)](https://www.legislation.gov.uk/uksi/2000/2075), [reg. 5](https://www.legislation.gov.uk/uksi/2000/2075/regulation/5))
[^c22801301]: [Sch. 19AC para. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9) modified (31.7.1997) by 1992 (c. xx), s. 65(2)(ab) (as inserted) by Finance Act [1997 No. 2](https://www.legislation.gov.uk/ukcm/1997/2) (c. 58), Sch. 3 para. 15
[^c22768391]: Words in [Sch. 19AC para. 9(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9/1) repealed (with effect in accordance with Sch. 4 para. 29(4), Sch. 8 Pt. 2(10) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 29(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/29/2), [Sch. 8 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/10)
[^c22777081]: [Sch. 19AC para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10) repealed (with effect in accordance with Sch. 3 para. 13(14)(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(8)(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/8/9), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c21638491]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22766611]: [Sch. 19AC para. 11(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 45(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/45/2)
[^c22765981]: [Sch. 19AC para. 11(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11/2) repealed (with effect in accordance with Sch. 8 para. 55(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 Para. 45(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/45/3), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 1
[^c22766631]: Words in [Sch. 19AC para. 11(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11/5) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 45(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/45/4)
[^c22777091]: [Sch. 19AC para. 11(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11/6) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c21638501]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22766011]: [Sch. 19AC para. 12(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/12/2) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22768531]: [Sch. 19AC para. 12(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/12/1) repealed (with effect in accordance with Sch. 3 para. 13(14) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(12)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/12), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c21638511]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22766031]: [Sch. 19AC para. 13(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/13/3) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22768671]: [Sch. 19AC para. 13(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/13/1) repealed (with effect in accordance with Sch. 30 para. 4(14) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(13)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/13/a), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c22768631]: Words in [Sch. 19AC para. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/13/2) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(13)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/13/b)
[^c22768691]: Words in [Sch. 19AC para. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/13/2) repealed (with effect in accordance with Sch. 30 para. 4(14) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(13)(c)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/13/c), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c22768651]: Words in [Sch. 19AC para. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/13/2) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(13)(d)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/13/d)
[^c21638521]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22766051]: [Sch. 19AC para. 14(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/14/3) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c21638531]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22769491]: [Sch. 19AC para. 15](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/15) repealed (with effect in accordance with s. 87 of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(12)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/12), Note
[^c22769241]: Words in [Sch. 19AC para. 4A(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4A/1) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(3)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/3/a)
[^c22769531]: Words in [Sch. 19AC para. 4A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4A/2) substituted 1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(3)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/3/b)
[^c22769541]: [Sch. 19AC para. 4A(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4A/3) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(3)(c)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/3/c)
[^c22769561]: O.J. No. L360, 9.12.1992, pp. 1-27.
[^c22768311]: [Sch. 19AC para. 5A(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/5A/3) inserted (with effect in accordance with [Sch. 3 para. 13(15)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/4)
[^c22768331]: [Sch. 19AC para. 5B(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/5B/1) repealed (with effect in accordance with Sch. 3 para. 13(14)(16) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/5), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22767591]: [Sch. 19AC para. 5C(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/5C/2) substituted for Sch. 19AC para. 5C(2) (with effect in accordance with [s. 154(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 28 para. 5](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/5)
[^c22768411]: [Sch. 19AC para. 9A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9A) repealed (with effect in accordance with Sch. 3 para. 13(14) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/7), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22767811]: Words in [Sch. 19AC para. 9B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9B) substituted (with effect in accordance with [s. 67(7)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/7) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 67(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/5)
[^c22769401]: [Sch. 19AC para. 9C](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9C) repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 64(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/64/1), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22768451]: [Sch. 19AC para. 10A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10A) repealed (with effect in accordance with Sch. 3 para. 13(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(10)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/10), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22769441]: Words in [Sch. 19AC para. 10AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10AA) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(4)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/4)
[^c22768731]: [Sch. 19AC para. 10B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10B/2A) inserted (with effect in accordance with [s. 75(6)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/75/6/a) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 75(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/75/4)
[^c22769471]: Words in [Sch. 19AC para. 10B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10B/2A) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 64(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/64/2) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22769341]: Words in [Sch. 19AC para. 10C(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10C/1) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(l)(iii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/l/iii)
[^c22769351]: Words in [Sch. 19AC para. 10C(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10C/2) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(o)(iii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/o/iii)
[^c22768491]: [Sch. 19AC para. 11A(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11A/1) repealed (with effect in accordance with Sch. 3 para. 13(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para 13(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/11), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22768501]: [Sch. 19AC para. 11A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11A/2) repealed (with effect in accordance with Sch. 4 para. 29(4), Sch. 8 Pt. 2(10) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 29(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/29/3), [Sch. 8 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/10)
[^c22769461]: Words in [Sch. 19AC para. 11C](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11C) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(4)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/4)
[^c22768941]: Word in [Sch.19AC para. 14A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/14A/2) repealed (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 5(2)(a)](https://www.legislation.gov.uk/uksi/2000/2188/article/5/2/a)
[^c22768961]: Words in [Sch. 19AC para. 14A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/14A/2) inserted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 5(2)(b)](https://www.legislation.gov.uk/uksi/2000/2188/article/5/2/b)
[^c22769361]: Words in [Sch. 19AC para. 14A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/14A/2) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(l)(iv)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/l/iv)
[^c22769381]: Words in [Sch. 19AC para. 14A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/14A/2) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(o)(iv)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/o/iv)
[^c23822961]: This section was inserted by section 149 of the Finance Act 2003.
[^c23821231]: Word in [Sch. 15A para. 2(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15A/paragraph/2/1/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 120(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/120/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23821251]: [Sch. 15A para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15A/paragraph/2/2) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 120(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/120/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22783901]: Words in [Sch. 15A para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15A/paragraph/3) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 48](https://www.legislation.gov.uk/uksi/2001/3629/article/48)
[^c15675031]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c22783921]: [Sch. 15B para. 1(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/1/7) repealed (with effect in accordance with Sch. 16 para. 3(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 16 para. 3(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/16/paragraph/3/1), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 4
[^c23821431]: [Sch. 15B para. 1(6)(da)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/1/6/da) inserted (23.1.2003) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 57(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/57/3), [Sch. 17 para. 3](https://www.legislation.gov.uk/ukpga/2002/23/schedule/17/paragraph/3); [S.I. 2003/88](https://www.legislation.gov.uk/uksi/2003/88), [art. 2](https://www.legislation.gov.uk/uksi/2003/88/article/2)
[^c23821451]: [Sch. 15B para. 1(10)(11)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/1/10/11) inserted (with effect in accordance with [s. 195(12)](https://www.legislation.gov.uk/ukpga/2003/14/section/195/12) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 40 para. 1](https://www.legislation.gov.uk/ukpga/2003/14/schedule/40/paragraph/1); [S.I. 2003/3077](https://www.legislation.gov.uk/uksi/2003/3077), [art. 2](https://www.legislation.gov.uk/uksi/2003/3077/article/2)
[^c23821471]: Words in [Sch. 15B para. 1(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/1/3) substituted (with effect in accordance with [Sch. 19 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 1](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/1)
[^c23821491]: [Sch. 15B para. 1(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/1/5/a) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 94(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/94/1)
[^c23821501]: Words in [Sch. 15B para. 1(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/1/5/a) substituted (with effect in accordance with [Sch. 14 para. 4(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/4/3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 14 para. 4(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/4/1)
[^c22783941]: Words in [Sch. 15B para. 2(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/2/3) substituted (with effect in accordance with [Sch. 18 para. 3](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 18 para. 1(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/1/2)
[^c23821581]: Word in [Sch. 15B para. 2(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/2/3) substituted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 14 para. 7(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/7/2)
[^c22784001]: [Sch. 15B para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3): power to exclude conferred (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 33 paras. 8](https://www.legislation.gov.uk/ukpga/2002/23/schedule/33/paragraph/8), [9(1)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/33/paragraph/9/1/b), [10](https://www.legislation.gov.uk/ukpga/2002/23/schedule/33/paragraph/10)
[^c22783961]: Words in [Sch. 15B para. 3(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3/1/b) substituted (with effect in accordance with [Sch. 18 para. 3](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 18 para. 1(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/1/3)
[^c23821521]: [Sch. 15B para. 3(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3/4) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 94(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/94/2)
[^c23821531]: [Sch. 15B para. 3(9)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3/9) modified (17.9.2004 with effect in accordance with reg. 1(2)(a) of the modifying S.I.) by [The Venture Capital Trust (Winding up and Mergers) (Tax) Regulations 2004 (S.I. 2004/2199)](https://www.legislation.gov.uk/uksi/2004/2199), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/1/1), [4](https://www.legislation.gov.uk/uksi/2004/2199/regulation/4)
[^c23821541]: Words in [Sch. 15B para. 3(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3/5) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [102(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/102/a)
[^c23821561]: Words in [Sch. 15B para. 3(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3/6) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [102(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/102/b)
[^c23821601]: Word in [Sch. 15B para. 3(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3/1/b) substituted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 14 para. 7(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/7/3)
[^c23821641]: Words in [Sch. 15B para. 4(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/4/1/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 346(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/346/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22783931]: Word in [Sch. 15B para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/6/1) repealed (with effect in accordance with s. 73(6) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 73(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/73/1/b), [Sch. 27 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/13), Note 1
[^c23821621]: Word in [Sch. 15B para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/6/1) substituted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 14 para. 7(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/7/4)
[^c22734821]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c23316661]: [Sch. 28A para. 6(da)-(dd)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/da) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23316981]: Words in [Sch. 28A para. 6(da)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/da) inserted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(a)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/a/4)
[^c23317041]: Words in [Sch. 28A para. 6(db)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/db) repealed (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(b)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/b/4), [Sch. 27 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/17), Note
[^c23317021]: Words in [Sch. 28A para. 6(dc)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/dc) substituted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(c)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/c/4)
[^c23317221]: Words in [Sch. 28A para. 6(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/d) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 67(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/67/1)
[^c23317861]: Words in [Sch. 28A para. 6(dc)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/dc) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/2)
[^c23317831]: [Sch. 28A para. 6(de)(df)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/de/df) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 4(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/4/4)
[^c23830791]: Words in [Sch. 28A para. 6(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/a) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(2)
[^c23830811]: Words in [Sch. 28A para. 6(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/c) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(3)
[^c23830831]: Words in [Sch. 28A para. 6(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/d) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(4)
[^c23316701]: Words in [Sch. 28A para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/b) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(3)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/3/a) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23317081]: Words in [Sch. 28A para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/b) substituted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(d)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/d/4)
[^c23316741]: Words in [Sch. 28A para. 7(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/c) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(3)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/3/b) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23316761]: [Sch. 28A para. 7(1)(d)-(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/d) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(3)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/3/c) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23318201]: Word preceding Sch. 28A para. 7(1)(d)(iii) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/3), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23318161]: [Sch. 28A para. 7(1)(d)(iv)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/d/iv) and preceding word inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/3)
[^c23318221]: Word preceding Sch. 28A para. 7(1)(e)(iii) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/4), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23317921]: [Sch. 28A para. 7(1)(g)(h)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/g/h) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 4(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/4/5)
[^c23318241]: [Sch. 28A para. 7(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/2) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/5), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23830701]: Words in [Sch. 28A para. 7(1)(d)(ii)(e)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/d/ii/e/ii) substituted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/52/3) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 45](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/45)
[^c23830851]: [Sch. 28A para. 7(1)(a)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/a/aa) substituted for para. 7(1)(a) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(5)
[^c23830871]: [Sch. 28A para. 7(1)(e)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/e/iii) and preceding word substituted for para. 7(1)(e)(iii)(iv) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(6)
[^c23831031]: Words in [Sch. 28A para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/b) inserted (with effect in accordance with [Sch. 7 para. 3(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/9) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 3(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/4)
[^c23316801]: [Sch. 28A para. 13(1)(ea)-(ed)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/ea) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/5) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23317121]: Words in [Sch. 28A para. 13(1)(ea)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/ea) inserted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(f)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/f/4)
[^c23317161]: Words in [Sch. 28A para. 13(1)(eb)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/eb) repealed (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(g)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/g/4), [Sch. 27 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/17), Note
[^c23317141]: Words in [Sch. 28A para. 13(1)(ec)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/ec) substituted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(h)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/h/4)
[^c23317261]: Words in [Sch. 28A para. 13(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/e) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 67(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/67/2)
[^c23318511]: Words in [Sch. 28A para. 13(1)(ec)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/ec) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/7)
[^c23317951]: [Sch. 28A para. 13(1)(ee)(ef)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/ee/ef) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 4(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/4/6)
[^c23830911]: Words in [Sch. 28A para. 13(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/b) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(8)(a)
[^c23830931]: Words in [Sch. 28A para. 13(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/d) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(8)(b)
[^c23830951]: Words in [Sch. 28A para. 13(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/e) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(8)(c)
[^c23316881]: Words in [Sch. 28A para. 16(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/b) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(7)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/7/a) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23317201]: Words in [Sch. 28A para. 16(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/b) substituted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(i)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/i/4)
[^c23316901]: Words in [Sch. 28A para. 16(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/c) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(7)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/7/b) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23316921]: [Sch. 28A para. 16(1)(d)-(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/d) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(7)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/7/c) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23318661]: Word preceding Sch. 28A para. 16(1)(d)(iii) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(8)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/8), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23318621]: [Sch. 28A para. 16(1)(d)(iv)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/d/iv) and preceding word inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(8)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/8)
[^c23318681]: Word preceding Sch. 28A para. 16(1)(e)(iii) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(9)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/9), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23318001]: [Sch. 28A para. 16(1)(g)(h)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/g/h) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 4(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/4/7)
[^c23318701]: [Sch. 28A para. 16(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/2) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/10), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23830761]: Words in [Sch. 28A para. 16(1)(d)(ii)(e)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/d/ii/e/ii) substituted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/52/3) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 45](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/45)
[^c23830971]: [Sch. 28A para. 16(1)(a)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/a/aa) substituted for para. 16(1)(a) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(9)
[^c23830991]: [Sch. 28A para. 16(1)(e)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/e/iii) and preceding word substituted for para. 16(1)(e)(iii)(iv) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(10)
[^c23831091]: Words in [Sch. 28A para. 16(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/b) inserted (with effect in accordance with [Sch. 7 para. 3(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/9) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 3(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/7)
[^c23830781]: [Sch. 28A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 43(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/43/7)
[^c23317101]: [Sch. 28A para. 11(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/11/2/a) repealed (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(e)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/e/4), [Sch. 27 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/17), Note
[^c23318601]: Words in [Sch. 28A para. 11(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/11/1/c) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(6)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/6/b)
[^c23830731]: Words in [Sch. 28A para. 11(1)(a)(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/11/1/a/3/c) substituted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/52/3) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 45](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/45)
[^c23830891]: [Sch. 28A para. 11(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/11/1/b) substituted for para. 11(1)(b)(bb) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(7)
[^c23831111]: [Sch. 28A Pt. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/part/4) title substituted (with effect in accordance with [Sch. 7 para. 3(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/9) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 3(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/8)
[^c22807531]: [Sch. 28B para. 3(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/2/aa) and preceding word substituted for para. 2(2)(b)(c) (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 2(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/2/1)
[^c22807551]: [Sch. 28B para. 3(6)-(11)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/6) inserted (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 2(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/2/2)
[^c22807591]: Words in [Sch. 28B para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3) inserted (with effect in accordance with [s. 73(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/73/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 73(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/73/3)
[^c22807611]: Words in [Sch. 28B para. 3(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/8/a) substituted (with effect in accordance with [Sch. 16 para. 1(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/16/paragraph/1/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 16 para. 1(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/16/paragraph/1/1)
[^c23835721]: Words in [Sch. 28B para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/3) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(a)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/a/i)
[^c23835731]: Words in [Sch. 28B para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/3/b) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(a)(ii)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/a/ii/a)
[^c23835741]: Words in [Sch. 28B para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/3/b) inserted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(a)(ii)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/a/ii/b)
[^c23835751]: Words in [Sch. 28B para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/3) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(a)(iii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/a/iii), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835761]: Words in [Sch. 28B para. 3(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/4/a) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(b)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/b/i)
[^c23835771]: Words in [Sch. 28B para. 3(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/4/b) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(b)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/b/ii)
[^c23835781]: [Sch. 28B para. 3(5A)(5B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/5A/5B) inserted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/c)
[^c23835791]: Words in [Sch. 28B para. 3(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/8/b) substituted (with effect in accordance with [Sch. 27 para. 5(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 para. 5(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/2) (with [Sch. 27 para. 5(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/6))
[^c22807631]: Words in [Sch. 28B para. 4(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/7) substituted (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 3](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/3)
[^c22807641]: [Sch. 28B para. 4(2)(ea)-(ee)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/2/ea) inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 3(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/3/1)
[^c22807661]: Words in [Sch. 28B para. 4(2)(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/2/f) substituted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/3/2)
[^c22807681]: [Sch. 28B para. 4(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/3A) inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/3/3)
[^c22807701]: [Sch. 28B para. 4(5)-(6D)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/5) substituted for para. 4(5)(6) (with effect in accordance with [Sch. 18 para. 5(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/5/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 18 para. 5(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/5/1)
[^c22807721]: Words in [Sch. 28B para. 4(6B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/6B) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/4/a)
[^c22807731]: Words in [Sch. 28B para. 4(6B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/6B) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23835441]: Words in [Sch. 28B para. 4(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/7) substituted (with effect in accordance with [Sch. 27 para. 5(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 para. 5(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/3) (with [Sch. 27 para. 5(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/6))
[^c22808151]: [Sch. 28B para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/1): definition of "nursing home" inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 4(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/4/1)
[^c22808171]: [Sch. 28B para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/1): definition of "property development" inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 4(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/4/2)
[^c22808191]: [Sch. 28B para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/1): definition of "residential care home" inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 4(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/4/3)
[^c22808231]: [Sch. 28B para. 5(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/5): definition of "interest in land" inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 4(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/4/4)
[^c22808251]: [Sch. 28B para. 5(6)(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/6/7) inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 4(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/4/5)
[^c22808271]: [Sch. 28B para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/1): definition of "research and development" substituted (with effect in accordance with [Sch. 18 para. 6(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/6/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 18 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/6/1) (with [Sch. 18 para. 6(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/6/3))
[^c23835461]: [Sch. 28B para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/1): definition of "oil rig" repealed (with effect in accordance with Sch. 27 para. 5(5) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 para. 5(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/4), [Sch. 42 Pt. 2(19)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/19), Note 2 (with Sch. 27 para. 5(6))
[^c22808291]: [Sch. 28B para. 6(2A)-(2C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/2A) inserted (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 4](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/4)
[^c22808351]: [Sch. 28B para. 6(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/5) inserted (with effect in accordance with [s. 73(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/73/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 73(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/73/4)
[^c22808391]: [Sch. 28B paras. 6-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6), [10B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10B) modified (13.11.2002 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Venture Capital Trust (Exchange of Shares and Securities) Regulations 2002 (S.I. 2002/2661)](https://www.legislation.gov.uk/uksi/2002/2661), [regs. 7-9](https://www.legislation.gov.uk/uksi/2002/2661/regulation/7), [11](https://www.legislation.gov.uk/uksi/2002/2661/regulation/11)
[^c22808371]: [Sch. 28B para. 6(1)(2)(2AA)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/1/2/2AA) substituted for para. 6(1)(2) (with effect in accordance with [Sch. 16 para. 2(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/16/paragraph/2/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 16 para. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/16/paragraph/2/1)
[^c23835181]: Words in [Sch. 28B para. 6(1)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/1/a/ii) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 11(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/11/a)
[^c23835201]: Words in [Sch. 28B para. 6(2AA)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/2AA/b) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 11(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/11/b)
[^c23835221]: [Sch. 28B para. 6(2AB)-(2AH)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/2AB) substituted for para. 6(2A)-(2C)(with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 11(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/11/c)
[^c23835501]: [Sch. 28B para. 6(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/5) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 11(d)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/11/d), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c22808401]: [Sch. 28B paras. 6-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6), [10B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10B) modified (13.11.2002 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Venture Capital Trust (Exchange of Shares and Securities) Regulations 2002 (S.I. 2002/2661)](https://www.legislation.gov.uk/uksi/2002/2661), [regs. 7-9](https://www.legislation.gov.uk/uksi/2002/2661/regulation/7), [11](https://www.legislation.gov.uk/uksi/2002/2661/regulation/11)
[^c22808441]: [Sch. 28B paras. 6-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6), [10B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10B) modified (13.11.2002 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Venture Capital Trust (Exchange of Shares and Securities) Regulations 2002 (S.I. 2002/2661)](https://www.legislation.gov.uk/uksi/2002/2661), [regs. 7-9](https://www.legislation.gov.uk/uksi/2002/2661/regulation/7), [11](https://www.legislation.gov.uk/uksi/2002/2661/regulation/11)
[^c23835801]: Words in [Sch. 28B para. 8(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/8/1/a) substituted (with effect in accordance with [Sch. 14 para. 2(2)-(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/2/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 14 para. 2(1)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/2/1/a)
[^c23835821]: Words in [Sch. 28B para. 8(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/8/1/b) substituted (with effect in accordance with [Sch. 14 para. 2(2)-(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/2/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 14 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/2/1/b)
[^c22808471]: [Sch. 28B paras. 6-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6), [10B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10B) modified (13.11.2002 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Venture Capital Trust (Exchange of Shares and Securities) Regulations 2002 (S.I. 2002/2661)](https://www.legislation.gov.uk/uksi/2002/2661), [regs. 7-9](https://www.legislation.gov.uk/uksi/2002/2661/regulation/7), [11](https://www.legislation.gov.uk/uksi/2002/2661/regulation/11)
[^c22808451]: Words in [Sch. 28B para. 9(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/9/1) repealed (retrospectively) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 161(1)(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/161/1/2/a), [Sch. 41 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/22), Note
[^c22808461]: [Sch. 28B para. 9(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/9/2) repealed (retrospectively) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 161(1)(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/161/1/2/b), [Sch. 41 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/22), Note
[^c22809491]: Words in [Sch. 28B para. 10(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/1) substituted (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 5(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/5/1)
[^c22809511]: [Sch. 28B para. 10(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/2) repealed (with effect in accordance with Sch. 9 para. 6 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 5(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/5/2), [Sch. 18 Pt. 6(9)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/9), Note
[^c22809531]: Words in [Sch. 28B para. 10(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4/5) substituted (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 5(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/5/3)
[^c22809561]: Words in [Sch. 28B para. 10(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4/a) substituted (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 5(4)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/5/4)
[^c23835521]: [Sch. 28B para. 10(3)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/3/a) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/a), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835241]: [Sch. 28B para. 10(3)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/3/ca) inserted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/b)
[^c23835261]: Words in [Sch. 28B para. 10(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/3/e) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/c)
[^c23835281]: Words in [Sch. 28B para. 10(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4) inserted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(d)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/d/i)
[^c23835541]: Words in [Sch. 28B para. 10(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(d)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/d/ii), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835561]: Word in [Sch. 28B para. 10(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4/a) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(d)(iii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/d/iii), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835581]: Word in [Sch. 28B para. 10(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4/b) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(d)(iv)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/d/iv), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835301]: Words in [Sch. 28B para. 10(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4/b) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(d)(v)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/d/v)
[^c23835321]: [Sch. 28B para. 10(4A)-(4C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4A) inserted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(e)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/e)
[^c23835601]: Words in [Sch. 28B para. 10(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/5) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(f)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/f/i), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835341]: Words in [Sch. 28B para. 10(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/5) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(f)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/f/ii)
[^c23835621]: [Sch. 28B para. 10(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/6) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(g)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/g), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835641]: Words in [Sch. 28B para. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 14(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/14/a), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835661]: Word in [Sch. 28B para. 11(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11/a) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 14(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/14/b), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835681]: Word in [Sch. 28B para. 11(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11/b) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 14(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/14/c), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835381]: Words in [Sch. 28B para. 11(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11/b) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 14(d)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/14/d)
[^c22809591]: Words in [Sch. 28B para. 12(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/12/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 70(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/70/3)
[^c15675021]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c22809611]: [Sch. 28B para. 13(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/13/2) substituted for para. 13(2)(3) (retrospectively) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 161(1)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/161/1/3)
[^c22809651]: [Sch. 28B para. 13(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/13/5/b) and preceding word repealed (2.7.1997) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 25(3)(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/25/3/8), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 3
[^c22809631]: [Sch. 28B para. 13(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/13/6) inserted (2.7.1997) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 25(4)(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/25/4/8)
[^c22809671]: Words in [Sch. 28B para. 13(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/13/1) inserted (16.6.1999 with effect in accordance with [s. 69(5)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/69/5/a) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 69(3)(5)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/69/3/5/b)
[^c22809481]: [Sch. 28B para. 10B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10B) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 72(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/72/5)
[^c22809471]: [Sch. 28B paras. 6-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6), [10B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10B) modified (13.11.2002 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Venture Capital Trust (Exchange of Shares and Securities) Regulations 2002 (S.I. 2002/2661)](https://www.legislation.gov.uk/uksi/2002/2661), [regs. 7-9](https://www.legislation.gov.uk/uksi/2002/2661/regulation/7), [11](https://www.legislation.gov.uk/uksi/2002/2661/regulation/11)
[^c22809451]: [1986 c. 45](https://www.legislation.gov.uk/ukpga/1986/45).
[^c22809461]: [S.I. 1989/2405 (N.I. 19)](https://www.legislation.gov.uk/nisi/1989/2405).
[^c23835001]: [Sch. 28B para. 11A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11A/2/a) substituted (15.9.2003) by [The Enterprise Act 2002 (Insolvency) Order 2003 (S.I. 2003/2096)](https://www.legislation.gov.uk/uksi/2003/2096), [art. 1(1)](https://www.legislation.gov.uk/uksi/2003/2096/article/1/1), [Sch. para. 19(a)](https://www.legislation.gov.uk/uksi/2003/2096/schedule/paragraph/19/a) (with [art. 6](https://www.legislation.gov.uk/uksi/2003/2096/article/6))
[^c23835021]: Words in [Sch. 28B para. 11A(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11A/3/a) substituted (15.9.2003) by [The Enterprise Act 2002 (Insolvency) Order 2003 (S.I. 2003/2096)](https://www.legislation.gov.uk/uksi/2003/2096), [art. 1(1)](https://www.legislation.gov.uk/uksi/2003/2096/article/1/1), [Sch. para. 19(b)](https://www.legislation.gov.uk/uksi/2003/2096/schedule/paragraph/19/b) (with [art. 6](https://www.legislation.gov.uk/uksi/2003/2096/article/6))
[^c23835401]: Word in [Sch. 28B para. 11A(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11A/1) inserted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 15](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/15)
[^c22779561]: Words in [Sch. 13A para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A/paragraph/5/1) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 50(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/50/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22779581]: [Sch. 13A para. 5(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A/paragraph/5/2) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 50(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/50/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22779601]: Words in [Sch. 13A para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A/paragraph/14/1) repealed (with effect in accordance with s. 117(4)(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para 50(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/50/4), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22779641]: Words in [Sch. 13A para. 14(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A/paragraph/14/6) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 50(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/50/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22779621]: Words in [Sch. 13A para. 14(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A/paragraph/14/8) repealed (with effect in accordance with s. 117(4)(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para 50(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/50/6), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22777321]: [Sch. 5AA para. 1(6)(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/1/6/7) modified (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 80(7)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/7)
[^c22777411]: [Sch. 5AA para. 1(2)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/1/2/b/c) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/2/a), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777481]: [Sch. 5AA para. 1(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/1/3) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/2/b), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777451]: Words in [Sch. 5AA para. 1(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/1/5) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(2)(c)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/2/c), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777461]: Words in [Sch. 5AA para. 1(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/1/6) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(2)(d)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/2/d), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777471]: [Sch. 5AA para. 1(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/1/7) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(2)(e)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/2/e), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777491]: [Sch. 5AA para. 2(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/2/3) inserted (with effect in accordance with [s. 78(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 78(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/2)
[^c22777571]: [Sch. 5AA para. 2(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/2/3) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/3), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777351]: Words in [Sch. 5AA para. 4(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/4/6) inserted (with effect in accordance with [s. 99(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/99/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 99(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/99/4)
[^c22777511]: [Sch. 5AA para. 4(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/4/4A) inserted (with effect in accordance with [s. 78(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 78(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/3)
[^c22777581]: [Sch. 5AA para. 4(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/4/4A) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/4), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777551]: [Sch. 5AA para. 6(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/6/3A) inserted (with effect in accordance with [s. 78(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 78(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/5)
[^c22777611]: [Sch. 5AA para. 6(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/6/3A) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/6), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777621]: [Sch. 5AA para. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/9) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/7), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777531]: [Sch. 5AA para. 4A(10A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/4A/10A) inserted (with effect in accordance with [s. 78(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 78(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/4)
[^c22777591]: Words in [Sch. 5AA para. 4A(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/4A/5/b) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(5)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/5/a), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777601]: [Sch. 5AA para. 4A(10A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/4A/10A) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(5)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/5/b), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22747131]: Words in [Sch. 11 para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11/paragraph/6/2) substituted (17.6.2002) by [International Development Act 2002 (c. 1)](https://www.legislation.gov.uk/ukpga/2002/1), [ss. 19(1)](https://www.legislation.gov.uk/ukpga/2002/1/section/19/1), [20(2)](https://www.legislation.gov.uk/ukpga/2002/1/section/20/2), [Sch. 3 para. 10](https://www.legislation.gov.uk/ukpga/2002/1/schedule/3/paragraph/10) (with [Sch. 5](https://www.legislation.gov.uk/ukpga/2002/1/schedule/5)); [S.I. 2002/1408](https://www.legislation.gov.uk/uksi/2002/1408), [art. 2](https://www.legislation.gov.uk/uksi/2002/1408/article/2)
[^c22747111]: [1974 c.30](https://www.legislation.gov.uk/ukpga/1974/30).
[^c22747121]: [1977 c.36](https://www.legislation.gov.uk/ukpga/1977/36).
[^c22778281]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778291]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c22778301]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778311]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c22778321]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778331]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c22778341]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778351]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c22778361]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778371]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c22778381]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778391]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c22778401]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778411]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c23316401]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) modified (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 58(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/58/1) (as amended by [2004 c. 12](https://www.legislation.gov.uk/ukpga/2004/12), [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37), [Sch. 5 para. 12](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/12)) (with Sch. 22 para. 58(3))
[^c23316411]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) applied (with modifications) (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 59(1)(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/59/1/2) (as amended by [2004 c. 12](https://www.legislation.gov.uk/ukpga/2004/12), [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37), [Sch. 5 para. 13](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/13)) (with Sch. 22 para. 59(4))
[^c23316421]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 100](https://www.legislation.gov.uk/ukpga/1996/8/section/100) (as substituted (with effect in accordance with s. 79(3) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 6](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/6) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25)))
[^c23316431]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 11A(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/11A/1) (as inserted (with effect in accordance with s. 79(3) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 11](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/11) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25)))
[^c23833991]: Words in [Sch. 28AA para. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/1/2) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 31(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/31/2)
[^c23834871]: [Sch. 28AA para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/3) applied (with effect in accordance with Sch. 17 para. 13 of the affecting Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 17 para. 12(5)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/17/paragraph/12/5)
[^c23834201]: Words in [Sch. 28AA para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/4/2) substituted (with effect in accordance with [Sch. 8 para. 4](https://www.legislation.gov.uk/ukpga/2005/22/schedule/8/paragraph/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 8 para. 1(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/8/paragraph/1/2)
[^c23834321]: Words in [Sch. 28AA para. 4(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/4/11/a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [103](https://www.legislation.gov.uk/uksi/2005/3229/regulation/103)
[^c23834361]: [Sch. 28AA para. 4(12)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/4/12): definition of "settlement" and "settlor" substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 26](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/26), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23834001]: Words in [Sch. 28AA para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/1) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/a), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834011]: [Sch. 28AA para. 5(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834021]: [Sch. 28AA para. 5(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834031]: [Sch. 28AA para. 5(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834041]: [Sch. 28AA para. 5(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834051]: [Sch. 28AA para. 5(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834061]: [Sch. 28AA para. 5(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/7) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(c)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/c)
[^c23834401]: [Sch. 28AA para. 5(7)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/7/a/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 239](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/239) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23316441]: [Sch. 28AA paras. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6), [7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/7) modified (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 87(1)-(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/87/1) (with [s. 87(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/87/4))
[^c23316461]: [Sch. 28AA para. 6(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/7): in definition of "relevant notice", para. (a) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/88/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 29 para. 35(3)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/29/paragraph/35/3/a)
[^c23316481]: [Sch. 28AA para. 6(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/7): in definition of "relevant notice", words in para. (e) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/88/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 29 para. 35(3)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/29/paragraph/35/3/b)
[^c23316501]: [Sch. 28AA para. 6(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/7): in definition of "voluntary amendment", paras. (a)(b) substituted for words (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/88/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 29 para. 35(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/29/paragraph/35/4)
[^c23834071]: [Sch. 28AA para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/1) substituted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/4)
[^c23834081]: Word in [Sch. 28AA para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/2) substituted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(5)(a)(i)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/5/a/i)
[^c23834091]: Words in [Sch. 28AA para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/2) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 35(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/35/2)
[^c23834101]: Words in [Sch. 28AA para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/2) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(5)(a)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/5/a/ii)
[^c23834111]: Words in [Sch. 28AA para. 6(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/2/a) substituted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(5)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/5/b)
[^c23834261]: [Sch. 28AA para. 6(4A)-(4C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/4A) inserted (with effect in accordance with [Sch. 8 para. 4](https://www.legislation.gov.uk/ukpga/2005/22/schedule/8/paragraph/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 8 para. 1(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/8/paragraph/1/5)
[^c23316451]: [Sch. 28AA paras. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6), [7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/7) modified (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 87(1)-(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/87/1) (with [s. 87(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/87/4))
[^c23316521]: Words in [Sch. 28AA para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/8/1) substituted (with effect in accordance with [s. 79(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/79/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 21(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/21/2/a) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25))
[^c23316581]: Words in [Sch. 28AA para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/8/1) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 15(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/15/2/a) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23316541]: [Sch. 28AA para. 8(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/8/1/a) substituted (with effect in accordance with [s. 79(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/79/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 21(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/21/2/b) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25))
[^c23316601]: [Sch. 28AA para. 8(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/8/1/b) substituted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 15(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/15/2/b) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23316561]: [Sch. 28AA para. 8(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/8/3) substituted for para. 8(2) (with effect in accordance with [s. 79(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/79/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 21(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/21/3) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25))
[^c23316621]: [Sch. 28AA para. 8(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/8/4) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 15(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/15/3) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23833971]: Words in [Sch. 28AA para. 11(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/11/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 351(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/351/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23834121]: [Sch. 28AA para. 11(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/11/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834131]: Word at the end of Sch. 28AA para. 11(3)(c) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(7)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/7/a)
[^c23834141]: [Sch. 28AA para. 11(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/11/3/e) and preceding word repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(7)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/7/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834151]: [Sch. 28AA para. 11(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/11/3/e) and preceding word repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(7)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/7/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834161]: Words in [Sch. 28AA para. 11(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/11/4) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834171]: Words in [Sch. 28AA para. 12(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/12/3/b) substituted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(8)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/8)
[^c23316641]: Words in [Sch. 28AA para. 13(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/13/a) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 68](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/68)
[^c23834181]: [Sch. 28AA para. 13](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/13) renumbered as para. 13(1) (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by virtue of [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 32(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/32/4)
[^c23834191]: [Sch. 28AA para. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/13/2) added (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 32(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/32/4)
[^c22747221]: [1996 c. 8](https://www.legislation.gov.uk/ukpga/1996/8).
[^c23833861]: [Sch. 28AA para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/14/1): words in definition of "losses" substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 40(2)
[^c23833881]: [Sch. 28AA para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/14/1): definition of "medium-sized enterprise" inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 31(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/31/5)
[^c23833891]: [Sch. 28AA para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/14/1): definition of "non-qualifying territory" inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 31(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/31/5)
[^c23833901]: [Sch. 28AA para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/14/1): definition of "paragraph 6C claim" inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 35(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/35/5)
[^c23833911]: [Sch. 28AA para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/14/1): definition of "qualifying territory" inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 31(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/31/5)
[^c23833921]: [Sch. 28AA para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/14/1): definition of "small enterprise" inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 31(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/31/5)
[^c23834421]: [Sch. 28AA para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/14/1): definition of "insurance company" repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 14(2)(f)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/14/2/f), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23833701]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) excluded by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 12(2ZA)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/12/2ZA) (as inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 7(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/7/2))
[^c23833711]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/16) (as inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 8](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/8))
[^c23833721]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) excluded by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 28(3A)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/28/3A) (as inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 15(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/15/2))
[^c23833731]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) modified by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 31A](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/31A) (as inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 15(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/15/3))
[^c23833741]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) excluded by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 55(1A)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/55/1A) (as inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 16(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/16/2))
[^c23834381]: [Sch. 28AA paras. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5B), [5C](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5C) excluded (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 113(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/113/6), [Sch. 17 para. 12(2)(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/17/paragraph/12/2/3)
[^c23834481]: [Sch. 28AA paras. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5B), [5C](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5C) excluded by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69X(6)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69X/6) (as inserted (6.4.2008) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I. 2008/705)](https://www.legislation.gov.uk/uksi/2008/705), [regs. 1](https://www.legislation.gov.uk/uksi/2008/705/regulation/1), [5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5))
[^c23834391]: [Sch. 28AA paras. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5B), [5C](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5C) excluded (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 113(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/113/6), [Sch. 17 para. 12(2)(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/17/paragraph/12/2/3)
[^c23834491]: [Sch. 28AA paras. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5B), [5C](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5C) excluded by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69X(6)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69X/6) (as inserted (6.4.2008) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I. 2008/705)](https://www.legislation.gov.uk/uksi/2008/705), [regs. 1](https://www.legislation.gov.uk/uksi/2008/705/regulation/1), [5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5))
[^c23833931]: Words in [Sch. 28AA para. 6A(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 351(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/351/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23833951]: Words in [Sch. 28AA para. 6E](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6E) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 351(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/351/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23834281]: Words in [Sch. 28AA para. 7A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/7A/2/b) repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23834301]: Words in [Sch. 28AA para. 7C(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/7C/2/b) repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23834811]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) excluded (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 340(7)](https://www.legislation.gov.uk/ukpga/2009/4/section/340/7), [625(7)](https://www.legislation.gov.uk/ukpga/2009/4/section/625/7), [694(8)-(10)](https://www.legislation.gov.uk/ukpga/2009/4/section/694/8), [775(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/775/3) (with [ss. 628](https://www.legislation.gov.uk/ukpga/2009/4/section/628), [629](https://www.legislation.gov.uk/ukpga/2009/4/section/629), [636](https://www.legislation.gov.uk/ukpga/2009/4/section/636), [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23834821]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) applied (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 445-447](https://www.legislation.gov.uk/ukpga/2009/4/section/445) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23834881]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) excluded (1.12.2009 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Mutual Societies (Transfers of Business) (Tax) Regulations 2009 (S.I. 2009/2971)](https://www.legislation.gov.uk/uksi/2009/2971), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/1/1), [19(6)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/19/6), [22(6)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/22/6) (with [regs. 19(7)(10)(11)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/19/7/10/11), [22(7)(9)(10)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/22/7/9/10))
[^c23834891]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) excluded (1.1.2010) by The Northern Rock plc (Tax Consequences) Regulations 2009 ([S.I. 2009/3227](https://www.legislation.gov.uk/uksi/2009/3227)), regs. 1, 4(3), 6(2)
[^c22780291]: [Sch. 13B para. 3(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/3/2A) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 2](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/2)
[^c22780261]: Words in [Sch. 13B para. 4(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/4/1/b) inserted (with effect in accordance with [s. 39(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/39/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 39(9)](https://www.legislation.gov.uk/ukpga/2000/17/section/39/9)
[^c22780281]: [1990 c. 29](https://www.legislation.gov.uk/ukpga/1990/29).
[^c22780311]: [Sch. 13B para. 5(4)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/5/4/ca) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/3)
[^c22780331]: [Sch. 13B para. 6(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/6/4A) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 4(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/4/2)
[^c22780351]: [Sch. 13B para. 6(7A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/6/7A) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 4(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/4/3)
[^c22780371]: [Sch. 13B para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/7/3) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 5](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/5)
[^c22780391]: Words in [Sch. 13B para. 8(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/8/4) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 6(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/6/2)
[^c22780411]: [Sch. 13B para. 8(5A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/8/5A) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 6(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/6/3)
[^c22747291]: [1993 c. 48](https://www.legislation.gov.uk/ukpga/1993/48).
[^c22747301]: [1993 c. 49](https://www.legislation.gov.uk/ukpga/1993/49).
[^c22747311]: [1993 c. 48](https://www.legislation.gov.uk/ukpga/1993/48).
[^c22747321]: [1993 c. 49](https://www.legislation.gov.uk/ukpga/1993/49).
[^c23389441]: Words in [Sch. 4AA para. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4AA/paragraph/1/4) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 35(2)
[^c23389461]: Words in [Sch. 4AA para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4AA/paragraph/7/3) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 35(3)
[^c23389481]: [Sch. 4AA para. 13(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4AA/paragraph/13/1/2) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 35(4)
[^c23389501]: [Sch. 4AA para. 13](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4AA/paragraph/13) heading substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 35(5)
[^c23822131]: [Sch. 18A Pt. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18A/part/2) modified (28.10.2008 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Group Relief for Overseas Losses (Modification of the Corporation Tax Acts for Non-resident Insurance Companies) Regulations 2008 (S.I. 2008/2646)](https://www.legislation.gov.uk/uksi/2008/2646), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2008/2646/regulation/1/1), [2](https://www.legislation.gov.uk/uksi/2008/2646/regulation/2)
[^c23387701]: O.J. L374, 31.12.1991, p.7.
[^c23380011]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c23380081]: O.J. L374, 31.12.1991, p.7.
#### Foreign pensions.
#### Section 209(3AA): link to shares of company or associated company
#### Further interpretation of sections 135 to 139.
#### Further interpretation of sections 135 to 139.
#### Cash vouchers taxable under P.A.Y.E.
#### Further interpretation of sections 135 to 139.
#### Credit-tokens.
#### Supplementary provisions.
#### Relief for contributions in respect of share option gains.
#### Travel expenses of employees not domiciled in the United Kingdom.
#### Provisions supplementary to section 138.
#### Application of lower rate to company distributions.
#### Provisions supplementary to section 138.
#### Provisions supplementary to section 138.
#### Application of sections 251B and 251C
#### Application of sections 251B and 251C
#### Children’s tax credit.
#### Married couple's allowance (post-5th December 2005 marriages and civil partnerships etc.)
#### Further interpretation of sections 135 to 139.
#### Conditional acquisition of shares.
#### Conditional acquisition of shares.
#### Taxation of profit-related pay.
#### Relief for necessary expenses.
#### U.K. company distributions not generally chargeable to corporation tax.
#### Section 209(3AA): link to shares of company or associated company
#### Returns.
#### Application of sections 251B and 251C
#### Interpretation of Part VI.
#### Transfer of relief under section 257A.
#### Meaning of “the minimum amount”
#### Children’s tax credit.
#### Married couple’s allowance(pre-5th December 2005 marriages).
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Tax on companies in administration
#### Company reconstructions: supplemental.
#### Company reconstructions: supplemental.
#### Company reconstructions: supplemental.
#### Second loans.
#### Losses from UK property business.
#### Losses from UK property business.
#### Transactions in deposits with and without certificates or in debts.
#### Terminal losses.
#### Losses etc. which may be surrendered by way of group relief.
#### Close companies.
#### Computation of gross profits.
#### Apportionment of income and gains.
#### Schedule A business or overseas property business.
#### Section 432B apportionment: supplementary provisions.
#### Section 432B apportionment: business transfers-in
#### Determination of policy holders’ share for purposes of s.438B
#### Income or gains arising from property investment LLP
#### Income or gains arising from property investment LLP
#### Transfers of life assurance business: Case VI losses of the transferor
#### Transfers of life assurance business: Case I losses of the transferor
#### Transfers of business: election for transferee to pay tax of transferor
#### Taxation in respect of other business.
#### Election as to tax exempt business.
#### Old societies.
#### Old societies.
#### Certified unit trusts: corporation tax.
#### Certified unit trusts: distributions.
#### Building societies: time for payment of tax.
#### Relevant deposits: computation of tax on interest.
#### Charitable and non-charitable expenditure
#### Charitable companies: general.
#### Introductory.
#### Calculation of certain amounts for purposes of sections 540, 542 and 545.
#### Regulations in relation to qualifying policies
#### Non-resident policies and off-shore capital redemption policies.
#### Charge on profits.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Exploration expenditure supplement
#### Income arising under settlement where settlor retains an interest.
#### Offshore income gains accruing to persons resident or domiciled abroad.
#### Offshore income gains: application of transfer of assets abroad provisions
#### Offshore income gains: application of transfer of assets abroad provisions
#### Qualifying vehicles
#### Offshore income gains: application of transfer of assets abroad provisions
#### Income treated as arising under section 761(1): remittance basis
#### Provision not at arm’s length.
#### Form of relief.
#### Transfers of trade to obtain balancing allowances
#### Interpretation of Chapter III.
#### Close companies.
#### Modifications in relation to BLAGAB group reinsurers
#### Exemption for trade unions and employers’ associations.
#### Determination of reduced rate for building societies and composite rate for banks etc.
#### Transactions with substantial donors
#### Introductory.
#### Provisions supplementary to sections 573 and 575.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Lessee under long funding finance lease: limit on deductions
#### General powers to make regulations under Chapter IV.
#### Change in ownership of company carrying on property business.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Change in company ownership: postponed corporation tax.
#### Supplementary provisions.
#### Provisions supplementary to section 138.
#### Travel expenses of employees not domiciled in the United Kingdom.
#### U.K. company distributions not generally chargeable to corporation tax.
#### Meaning of “distribution”.
#### Election by company paying dividend.
#### Returns.
#### Further interpretation of sections 135 to 139.
#### Relief for contributions in respect of share option gains.
#### Further interpretation of sections 135 to 139.
#### Section 209(3AA): link to shares of company or associated company
## [SCHEDULE 19A
#### Change in ownership of company with unused non-trading loss on intangible fixed assets
#### Relief by agreement with other territories.
#### Exceptions from the general charge.
#### Provisions supplementary to section 138.
#### Interpretation of sections 251A to 251C
#### Interpretation of sections 251A to 251C
#### Relief for contributions in respect of share option gains.
#### Application of lower rate to company distributions.
#### Aggregation of wife’s income with husband’s.
#### Losses from overseas property business.
#### Meaning of “participator”, “associate”, “director” and “loan creditor”.
#### Certain quoted companies not to be close companies.
#### Loans to participators etc.
#### Exceptions from section 419.
#### Apportionment of certain income, deductions and interest.
#### Taxation in respect of other business.
#### Sale and lease-back.
#### Tariff receipts and tax-exempt tariffing receipts
#### Application of this Chapter etc. to policies and contracts in which persons other than companies are interested
#### Introductory.
#### Ceasing to meet the trading requirement because of administration or receivership
#### Provisions supplementary to sections 573 and 575.
#### Ceasing to meet the trading requirement because of administration or receivership
#### Tax representatives.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Schedule 4 directions.
#### Settlements made after 6th April 1965.
#### Change in company ownership: corporation tax.
#### Change in ownership of company carrying on property business.
#### Apportionment of chargeable profits and creditable tax
#### Section 751A: supplementary
#### Relief by agreement with other territories.
#### Qualifying vehicles
#### Introduction
##### 2
This Schedule applies in relation to any company which—
- (a) carries on a ring fence trade, or
- (b) is engaged in oil and gas exploration and appraisal (see section 837B of this Act and section 1003 of ITA 2007) with a view to carrying on a ring fence trade,
and in this Schedule any such company is referred to as a “*qualifying company*”.
##### 3
- (1) In this Schedule, in the case of any qualifying company,—
- “*the commencement period*” means the accounting period in which the company sets up and commences its ring fence trade;
- “*post-commencement period*” means any accounting period ending on or after 1st January 2004 but before 1st January 2006—which is the commencement period, orwhich ends after the commencement period;
- “*pre-commencement period*” means any accounting period ending—on or after 1st January 2004 but before 1st January 2006, andbefore the commencement period.
- (2) For the purposes of this Schedule a company not within the charge to corporation tax which incurs qualifying E&A expenditure is to be treated as having such accounting periods as it would have if—
- (a) it carried on a trade consisting of the activities in respect of which the expenditure is incurred, and
- (b) it had started to carry on that trade when it started to carry on the research and development on which the expenditure is incurred.
- (3) In the case of an accounting period (a “straddling period”) of any qualifying company beginning before 1st January 2006 and ending on or after that date—
- (a) so much of the straddling period as falls before 1st January 2006, and
- (b) so much of the straddling period as falls on or after that date,
are treated as separate accounting periods for the purposes of this Schedule.
- (4) Special provision is made elsewhere in this Schedule in relation to straddling periods (see paragraphs 16, 18A and 22).
##### 4
- (1) For the purposes of this Schedule, the relevant percentage for any accounting period ending on or after 1st January 2004 is 6%.
- (2) The Treasury may by order vary the percentage for the time being specified in sub-paragraph (1) for such accounting periods as may be specified in the order.
##### 5
- (1) A company may claim supplement under this Schedule in respect of no more than 6 accounting periods.
- (2) The accounting periods in respect of which claims are made need not be consecutive.
##### 6
- (1) For the purposes of this Schedule “*qualifying E&A expenditure*”is any expenditure as respects which the following conditions are satisfied.
- (2) Condition 1 is that the expenditure is incurred on or after 1st January 2004 but before 1st January 2006.
- (3) Condition 2 is that, for the purposes of Part 6 of the Capital Allowances Act, the expenditure is qualifying expenditure incurred on research and development consisting of oil and gas exploration and appraisal (see section 437(2)(b) of that Act).
- (4) Condition 3 is that an allowance under section 441 of that Act is claimed in respect of the expenditure.
- (5) Condition 4 is that the expenditure is incurred in the course of oil extraction activities.
- (6) Condition 5 is that—
- (a) those oil extraction activities are comprised in a ring fence trade, or
- (b) after incurring the expenditure, the person incurring it sets up and commences a ring fence trade connected with the research and development.
##### 7
- (1) There is an amount of unrelieved group ring fence profits for an accounting period of a qualifying company (“company Q”) in any case where—
- (a) the company and any other company (“company X”) are members of the same group of companies, within the meaning given by section 413(3)(a), and
- (b) company X has an amount of taxable ring fence profits (see paragraph 8) for a corresponding accounting period.
- (2) An accounting period of company X corresponds to an accounting period of company Q if—
- (a) it coincides with, or falls wholly within, the accounting period of company Q, or
- (b) it falls partly within the accounting period of company Q.
- (3) Where an accounting period of company X—
- (a) coincides with an accounting period of company Q, or
- (b) falls wholly within an accounting period of company Q,
there is, for the accounting period of company Q, an amount of unrelieved group ring fence profits equal to the whole of company X’s taxable ring fence profits for its accounting period.
- (4) Where an accounting period of company X falls partly within an accounting period of company Q—
- (a) there is an amount of unrelieved group ring fence profits for the accounting period of company Q, and
- (b) that amount is an amount equal to the part of company X’s taxable ring fence profits for its accounting period that is attributable, on an apportionment in accordance with section 834(4), to the part of that period which falls within the accounting period of company Q.
- (5) This paragraph applies for the purposes of this Schedule.
##### 8
For the purposes of this Schedule, a company has taxable ring fence profits for an accounting period if it has an amount of ring fence profits which is chargeable to corporation tax for that accounting period after any group relief claimed under Chapter 4 of Part 10.
## Part 3 — Pre-commencement supplement
#### Company vehicles
##### 9
- (1) Where—
- (a) a qualifying company claims an allowance under section 441 of the Capital Allowances Act (research and development allowances) for the commencement period, and
- (b) the claim is for an allowance in respect of qualifying E&A expenditure incurred before that period,
the company may also claim supplement under this Part of this Schedule (“pre-commencement supplement”) in respect of one or more pre-commencement periods.
- (2) Any pre-commencement supplement allowed on a claim in respect of a pre-commencement period shall be treated as an allowance under Part 6 of the Capital Allowances Act for the commencement period in respect of qualifying E&A expenditure incurred by the company.
- (3) The amount of the supplement for any pre-commencement period in respect of which a claim under this paragraph is made is the relevant percentage for that period of the reference amount for that period.
- (4) If the pre-commencement period is a period of less than twelve months, the amount of the supplement for the period (apart from this sub-paragraph) shall be reduced proportionally.
- (5) Paragraphs 10 to 13 have effect for the purpose of determining the reference amount for a pre-commencement period.
##### 10
- (1) For the purpose of determining the amount of any pre-commencement supplement, a qualifying company shall be taken to have had, at all times in the pre-commencement periods of the company, a continuing mixed pool of qualifying E&A expenditure and pre-commencement supplement.
- (2) The pool shall be taken to have consisted of—
- (a) the company’s qualifying E&A expenditure, allocated to the pool for each pre-commencement period in accordance with sub-paragraph (3), and
- (b) the company’s pre-commencement supplement, allocated to the pool for each pre-commencement period in accordance with sub-paragraph (4).
- (3) To allocate qualifying E&A expenditure to the pool for any pre-commencement period, take the following steps—
- (a) *Step 1:* count as eligible expenditure for that period so much of the qualifying E&A expenditure mentioned in paragraph 9(1)(b) as was incurred in that period,
- (b) *Step 2:* find the total of all the eligible expenditure for that period (amount E),
- (c) *Step 3:* if paragraph 11 applies, reduce amount E in accordance with that paragraph,
- (d) *Step 4:* if paragraph 12 applies, reduce (or, as the case may be, further reduce) amount E in accordance with that paragraph,
and so much of amount E as remains after making those reductions shall be taken to have been added to the pool in that period.
- (4) If any pre-commencement supplement is allowed on a claim in respect of a pre-commencement period, the amount of that supplement shall be taken to have been added to the pool in that period.
##### 11
- (1) This paragraph applies in any case where—
- (a) the qualifying company disposes of an interest in an oil licence in a pre-commencement period,
- (b) part of the value of the interest (the “*deductible amount*”) is attributable to qualifying E&A expenditure incurred by the company, and
- (c) section 555 of the Capital Allowances Act (disposal of oil licence with exploitation value) has effect in relation to the disposal.
- (2) For the purpose of allocating qualifying E&A expenditure to the pool for each pre-commencement period—
- (a) find the total of the deductible amounts in the case of all such disposals made by the company (amount D), and
- (b) taking later periods before earlier periods, reduce (but not below nil) amount E for any pre-commencement period by setting against it so much of amount D as does not fall to be set against amount E for a later pre-commencement period.
- (3) In this paragraph “*oil licence*” has the same meaning as in section 555 of the Capital Allowances Act (see section 552 (1) of that Act).
##### 12
- (1) This paragraph applies if there is an amount of unrelieved group ring fence profits for a pre-commencement period.
- (2) For the purpose of allocating qualifying E&A expenditure to the pool for that period—
- (a) find so much (if any) of amount E for that period as remains after any reduction falling to be made under paragraph 11, and
- (b) reduce that amount (but not below nil) by setting against it a sum equal to the aggregate of the amounts of unrelieved group ring fence profits for the period.
##### 13
For the purposes of this Part of this Schedule, the reference amount for a pre-commencement period is the amount in the pool at the end of the period—
- (a) after the addition to the pool of any qualifying E&A expenditure allocated to the pool for that period in accordance with paragraph 10(3), but
- (b) before determining, and adding to the pool, the amount of any pre-commencement supplement claimed in respect of the period.
##### 14
- (1) Any claim for pre-commencement supplement in respect of a pre-commencement period must be made at the same time as, and as if it were part of, the claim under section 441 of the Capital Allowances Act mentioned in paragraph 9(1)(a).
- (2) Subsection (3) of that section (claim for reduced amount) applies in relation to any such claim.
## Part 4 — Post-commencement supplement
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Meaning of “participator”, “associate”, “director” and “loan creditor”.
#### “Distribution” to include certain expenses of close companies.
#### Treatment of oil extraction activities etc. for tax purposes.
#### Cases where ss. 502B to 502G do not apply: plant or machinery held as trading stock
#### Lessee under long funding finance lease: limit on deductions
#### Section 548A: further definitions
#### The qualifying subsidiaries requirement
#### Expenditure on car hire: supplementary
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Schedule 4 directions.
#### Supplementary provisions as to absolute interests in residue.
#### Treatment of price differential on sale and repurchase of securities.
#### Provision not at arm’s length.
#### Leased assets subject to hire-purchase agreements.
#### Tax year
##### 15
- (1) A qualifying company which incurs a qualifying E&A loss (see paragraph 17) in a post-commencement period may claim supplement under this Part of this Schedule (“post-commencement supplement”) in respect of—
- (a) that period, or
- (b) any subsequent accounting period in which it carries on its ring fence trade.
- (2) Any post-commencement supplement allowed on a claim in respect of a post-commencement period shall be treated for the purposes of the Corporation Tax Acts (other than this Part of this Schedule or Part 4 of Schedule 19C) as if it were a loss—
- (a) incurred in carrying on the ring fence trade in that period,
- (b) which falls in whole to be set off under section 393 against trading income from the ring fence trade in succeeding accounting periods.
- (3) Paragraph 74 of Schedule 18 to the Finance Act 1998 (company tax returns etc: time limit for claims for group relief) shall apply in relation to a claim for post-commencement supplement as it applies in relation to a claim for group relief.
##### 16
- (1) The amount of the post-commencement supplement for any post-commencement period in respect of which a claim under paragraph 15 is made is the relevant percentage for that period of the reference amount for that period.
- (2) If the post-commencement period is a period of less than twelve months, the amount of the supplement for the period (apart from this sub-paragraph) shall be reduced proportionally.
- (2A) But, if the post-commencement period is the deemed accounting period under paragraph 3(3) ending before 1st January 2006, sub-paragraph (2) has no effect in relation to the amount of the supplement for that period.
- (3) Paragraphs 19 to 24 have effect for the purpose of determining the reference amount for a post-commencement period.
##### 17
- (1) Where—
- (a) in any post-commencement period (“the period of the loss”) a qualifying company carrying on a ring fence trade incurs a loss in the trade, and
- (b) some or all of the loss falls to be set off under section 393 against trading income from the trade in succeeding accounting periods,
so much of the loss as falls to be so set off is a “ring fence loss” of the company.
- (2) In determining for the purposes of this Part of this Schedule how much of a loss incurred in a ring fence trade falls to be set off as mentioned in sub-paragraph (1)(b), it shall be assumed that every claim is made that could be made by the company under section 393A to set losses incurred in the ring fence trade against ring fence profits of earlier post-commencement periods.
- (3) So much of a ring fence loss as is attributable to qualifying E&A allowances for the period of the loss is a “qualifying E&A loss”.
- (4) A ring fence loss is attributable to qualifying E&A allowances to the extent that the amount of the ring fence loss does not exceed the amount of the qualifying E&A allowances for the period of the loss.
- (5) But a claim for post-commencement supplement may include an election for a ring fence loss to be treated—
- (a) as attributable to qualifying E&A allowances for the period of the loss to such lesser extent as may be specified in the election, or
- (b) as not attributable to such allowances.
- (6) “*Qualifying E&A allowances*”, in the case of an accounting period, means allowances for that period under Part 6 of the Capital Allowances Act in respect of qualifying E&A expenditure incurred by the company (including any pre-commencement supplement treated under paragraph 9(2) as such an allowance).
- (7) This paragraph has effect for the purposes of this Part of this Schedule.
##### 18
- (1) So much of a ring fence loss as is not a qualifying E&A loss is a non-qualifying loss.
- (2) Where—
- (a) a loss was incurred by a qualifying company in its ring fence trade in an accounting period ending on or before 31st December 2003, and
- (b) some or all of that loss falls to be set off under section 393 against profits of that trade in accounting periods ending on or after that date,
so much of the loss as falls to be so set off is a ring fence loss and that loss is a non-qualifying loss.
- (3) This paragraph has effect for the purposes of this Part of this Schedule.
##### 18A
- (1) This paragraph applies in any case where the period of the loss in which a ring fence loss is incurred is the deemed accounting period under paragraph 3(3) ending before 1st January 2006.
- (2) The following assumption shall be made for the purpose of calculating the amount of the qualifying E&A loss and the amount of the non-qualifying loss.
- (3) The assumption is that the loss made in the trade is taken to be the loss incurred in the accounting period beginning before 1st January 2006 and ending on or after that date (disregarding paragraph 3(3)).
- (4) The amount of the non-qualifying loss (found in accordance with that assumption) is then reduced (but not below nil) by the following amount.
- (5) The amount is the amount of the ring fence loss in the deemed accounting period beginning on 1st January 2006 determined under paragraph 18 of Schedule 19C for the purposes of Part 4 of that Schedule.
#### Change in company ownership: corporation tax.
##### 19
- (1) For the purpose of determining the amount of any post-commencement supplement, a qualifying company shall be taken at all times in its post-commencement periods to have—
- (a) a continuing pool of the company’s non-qualifying losses (the “non-qualifying pool”), and
- (b) a continuing mixed pool of the company’s qualifying E&A losses and post-commencement supplement (the “qualifying pool”).
- (2) A pool continues even if the amount in it is nil.
##### 20
- (1) The non-qualifying pool consists of the company’s non-qualifying losses, allocated to the pool in accordance with sub-paragraph (2).
- (2) A non-qualifying loss is allocated to the pool by adding the amount of the non-qualifying loss to the pool in the period of the loss.
- (3) In the case of a non-qualifying loss incurred in an accounting period ending on or before 31st December 2003, the period of the loss shall be taken for the purposes of sub-paragraph (2) to be the first accounting period of the company that ends on or after 1st January 2004.
- (4) The amount in the non-qualifying pool is subject to reductions in accordance with the following provisions of this Part of this Schedule.
- (5) Where a reduction in the amount in the non-qualifying pool falls to be made in any accounting period—
- (a) the reduction is to be made after the addition to the pool of any non-qualifying loss allocated to the pool in that period in accordance with sub-paragraph (2), and
- (b) references to the amount in the non-qualifying pool shall be construed accordingly.
##### 21
- (1) The qualifying pool consists of—
- (a) the company’s qualifying E&A losses, allocated to the pool in accordance with sub-paragraph (2)(a), and
- (b) the company’s post-commencement supplement, allocated to the pool in accordance with sub-paragraph (2)(b).
- (2) The allocation of qualifying E&A losses and post-commencement supplement to the pool is as follows—
- (a) the amount of a qualifying E&A loss is added to the pool in the period of the loss, and
- (b) if any post-commencement supplement is allowed on a claim in respect of a post-commencement period, the amount of that supplement is added to the pool in that period.
- (3) The amount in the qualifying pool is subject to reductions in accordance with the following provisions of this Part of this Schedule.
- (4) Where a reduction in the amount in the qualifying pool falls to be made in any accounting period, the reduction is to be made—
- (a) after the addition to the pool of the amount of any qualifying E&A losses allocated to the pool in that period in accordance with sub-paragraph (2)(a), but
- (b) before determining, and adding to the pool, the amount of any supplement claimed in respect of the period,
and references to the amount in the pool shall be construed accordingly.
##### 22
- (1) If one or more ring fence losses are set off under section 393 against any profits of a post-commencement period, reductions shall be made in that period in accordance with this paragraph.
- (2) The amount in the non-qualifying pool shall be reduced (but not below nil) by setting against it a sum equal to the total amount so set off.
- (3) If any of that sum remains after being so set against the amount in the non-qualifying pool, the amount in the qualifying pool shall be reduced (but not below nil) by setting against it so much of that sum as so remains.
- (4) If the post-commencement period is the deemed accounting period under paragraph 3(3) ending before 1st January 2006 (“the deemed accounting period”), the amount of the profits of the deemed accounting period is determined as follows.
- (5) The amount of the profits of the straddling period is apportioned to the deemed accounting period in proportion to the number of days in the deemed accounting period that fall in the straddling period.
- (6) The apportioned amount is taken for the purposes of this paragraph to be the amount of the profits of the deemed accounting period.
- (7) In this paragraph “*the straddling period*”, in relation to a qualifying company, means an accounting period of the company beginning before 1st January 2006 and ending on or after that date (disregarding paragraph 3(3)).
##### 23
- (1) If there is an amount of unrelieved group ring fence profits for a post-commencement period, reductions shall be made in that period in accordance with this paragraph.
- (2) In the following provisions of this paragraph, references to the remaining amount in a pool are references to so much (if any) of the amount in the pool as remains after making any reductions that fall to be made in accordance with paragraph 22.
- (3) The remaining amount in the non-qualifying pool shall be reduced (but not below nil) by setting against it a sum equal to the aggregate of the amounts of unrelieved group ring fence profits for the period.
- (4) If any of that sum remains after being so set against the remaining amount in the non-qualifying pool, the remaining amount in the qualifying pool shall be reduced (but not below nil) by setting against it so much of that sum as so remains.
##### 24
For the purposes of this Part of this Schedule the reference amount for a post-commencement period is so much of the amount in the qualifying pool as remains after making any reductions required by paragraph 22 or 23.
## SCHEDULE 19C
## Part 1 — Introductory
### About this Schedule
##### 1
- (1) This Schedule entitles a company carrying on a ring fence trade, on making a claim in respect of an accounting period beginning on or after 1st January 2006, to a supplement (initially of 6%, but variable by Treasury order) in respect of—
- (a) qualifying pre-commencement expenditure incurred before the trade is set up and commenced,
- (b) losses incurred in the trade, and
- (c) some or all of the supplement allowed in respect of earlier periods.
- (2) Part 2 makes provision about the application and interpretation of this Schedule.
- (3) Part 3 makes provision about supplement in relation to expenditure incurred by the company—
- (a) with a view to carrying on a ring fence trade, but
- (b) in an accounting period before the company sets up and commences that trade.
- (4) Part 4 makes provision about supplement in relation to losses incurred in carrying on the ring fence trade.
- (5) There is a limit on the number of accounting periods (6) in respect of which a company may claim supplement.
- (6) In determining the amount of supplement allowable, reductions fall to be made in respect of—
- (a) disposal receipts in respect of any asset representing qualifying pre-commencement expenditure,
- (b) ring fence losses that could be set off under section 393A against ring fence profits of earlier periods,
- (c) ring fence losses incurred in earlier periods that fall to be set off under section 393 against profits of succeeding periods,
- (d) unrelieved group ring fence profits.
## Part 2 — Application and interpretation
### Qualifying companies
##### 2
This Schedule applies in relation to any company which—
- (a) carries on a ring fence trade, or
- (b) is engaged in any activities with a view to carrying on a ring fence trade,
and in this Schedule any such company is referred to as a “*qualifying company*”.
### Accounting periods
##### 3
- (1) In this Schedule, in the case of any qualifying company,—
- “*the commencement period*” means the accounting period in which the company sets up and commences its ring fence trade;
- “*post-commencement period*” means any accounting period beginning on or after 1st January 2006—which is the commencement period, orwhich ends after the commencement period;
- “*pre-commencement period*” means any accounting period—beginning on or after 1st January 2006, andending before the commencement period.
- (2) For the purposes of this Schedule a company not within the charge to corporation tax which incurs any expenditure is to be treated as having such accounting periods as it would have if—
- (a) it carried on a trade consisting of the activities in respect of which the expenditure is incurred, and
- (b) it had started to carry on that trade when it started to carry on the activities in the course of which the expenditure is incurred.
- (3) In the case of an accounting period (a “straddling period”) of any qualifying company beginning before 1st January 2006 and ending on or after that date—
- (a) so much of the straddling period as falls before 1st January 2006, and
- (b) so much of the straddling period as falls on or after that date,
are treated as separate accounting periods for the purposes of this Schedule.
- (4) But special provision is made elsewhere in this Schedule in relation to straddling periods (see paragraphs 5, 18 and 21(4) to (6)).
### The relevant percentage
##### 4
- (1) For the purposes of this Schedule, the relevant percentage for any accounting period beginning on or after 1st January 2006 is 6%.
- (2) The Treasury may by order vary the percentage for the time being specified in sub-paragraph (1) above for such accounting periods as may be specified in the order.
### Limit on number of accounting periods for which supplement may be claimed
##### 5
- (1) A company may claim supplement under this Schedule in respect of no more than 6 accounting periods.
- (2) The accounting periods in respect of which claims are made need not be consecutive.
- (3) A claim for supplement by the company under Schedule 19B (exploration expenditure supplement) in respect of an accounting period is to count for the purposes of this paragraph as a claim for supplement under this Schedule in respect of that accounting period.
- (4) But, if the company makes a claim for supplement under this Schedule in respect of the deemed accounting period, any claim for supplement by the company under Schedule 19B in respect of the Schedule 19B deemed accounting period is to be ignored for the purposes of this paragraph.
- (5) For this purpose—
- “*the deemed accounting period*” means the deemed accounting period under paragraph 3(3) beginning on 1st January 2006, and
- “*the Schedule 19B deemed accounting period*” means the deemed accounting period under paragraph 3(3) of Schedule 19B ending before 1st January 2006.
### Qualifying pre-commencement expenditure
##### 6
- (1) For the purposes of this Schedule, expenditure is “qualifying pre-commencement expenditure” if it meets conditions A to D.
- (2) Condition A is that the expenditure is incurred on or after 1st January 2006.
- (3) Condition B is that the expenditure is incurred in the course of oil extraction activities.
- (4) Condition C is that the expenditure is incurred by a person with a view to carrying on a ring fence trade but before the person sets up and commences the ring fence trade.
- (5) Condition D is that the expenditure—
- (a) is subsequently allowable as a deduction in calculating the profits of the ring fence trade for the commencement period (whether or not any part of it is so allowable for any post-commencement period), or
- (b) is relevant R&D expenditure incurred by an SME.
- (6) For the purposes of this paragraph, expenditure incurred by a company is “relevant R&D expenditure incurred by an SME” if—
- (a) the company makes an election under paragraph 14 of Schedule 20 to the Finance Act 2000 (R&D tax relief for SMEs: alternative treatment of pre-trading expenditure) in respect of that expenditure, but
- (b) the company does not make a claim for an R&D tax credit under that Schedule in respect of that expenditure.
- (7) In the case of any qualifying pre-commencement expenditure which is relevant R&D expenditure incurred by an SME, the amount of that expenditure is treated for the purposes of this Schedule as being equal to 150% of its actual amount.
- (8) In the case of any qualifying pre-commencement expenditure which is relevant R&D expenditure incurred by a large company, the amount of that expenditure is treated for the purposes of this Schedule as being equal to 125% of its actual amount.
- (9) For this purpose “*relevant R&D expenditure incurred by a large company*” means qualifying expenditure within the meaning given by paragraph 11(3) of Schedule 12 to the Finance Act 2002 (R&D tax relief for large companies).
### Unrelieved group ring fence profits for accounting periods
##### 7
- (1) There is an amount of unrelieved group ring fence profits for an accounting period of a qualifying company (“company Q”) if—
- (a) the company and any other company (“company X”) are members of the same group of companies, within the meaning given by section 413(3)(a), and
- (b) company X has an amount of taxable ring fence profits (see paragraph 8) for a corresponding accounting period.
- (2) An accounting period of company X corresponds to an accounting period of company Q if—
- (a) it coincides with, or falls wholly within, the accounting period of company Q, or
- (b) it falls partly within the accounting period of company Q.
- (3) If an accounting period of company X—
- (a) coincides with an accounting period of company Q, or
- (b) falls wholly within an accounting period of company Q,
there is, for the accounting period of company Q, an amount of unrelieved group ring fence profits equal to the whole of company X's taxable ring fence profits for its accounting period.
- (4) If an accounting period of company X falls partly within an accounting period of company Q—
- (a) there is an amount of unrelieved group ring fence profits for the accounting period of company Q, and
- (b) that amount is an amount equal to the part of company X's taxable ring fence profits for its accounting period that is attributable, on an apportionment in accordance with section 834(4), to the part of that period which falls within the accounting period of company Q.
- (5) This paragraph applies for the purposes of this Schedule.
### Taxable ring fence profits of an accounting period
##### 8
For the purposes of this Schedule, a company has taxable ring fence profits for an accounting period if it has an amount of ring fence profits which is chargeable to corporation tax for that accounting period after any group relief claimed under Chapter 4 of Part 10.
## Part 3 — Pre-commencement supplement
### Supplement in respect of a pre-commencement accounting period
##### 9
- (1) If—
- (a) a qualifying company incurs qualifying pre-commencement expenditure in respect of a ring fence trade, and
- (b) the expenditure is incurred before the commencement period,
the company may claim supplement under this Part of this Schedule (“pre-commencement supplement”) in respect of one or more pre-commencement periods.
- (2) Any pre-commencement supplement allowed on a claim in respect of a pre-commencement period is to be treated as expenditure—
- (a) which is incurred by the company in the commencement period, and
- (b) which is allowable as a deduction in calculating the profits of the ring fence trade for that period.
- (3) The amount of the supplement for any pre-commencement period in respect of which a claim under this paragraph is made is the relevant percentage for that period of the reference amount for that period.
- (4) If the pre-commencement period is a period of less than twelve months, the amount of the supplement for the period (apart from this sub-paragraph) is to be reduced proportionally.
- (5) Paragraphs 10 to 13 have effect for the purpose of determining the reference amount for a pre-commencement period.
### The mixed pool of qualifying pre-commencement expenditure and supplement previously allowed
##### 10
- (1) For the purpose of determining the amount of any pre-commencement supplement, a qualifying company is to be taken to have had, at all times in the pre-commencement periods of the company, a continuing mixed pool of—
- (a) the relevant amount (if any) which the company carries forward under Schedule 19B,
- (b) qualifying pre-commencement expenditure, and
- (c) pre-commencement supplement.
- (2) The pool is to be taken to have consisted of—
- (a) the relevant amount (if any) which the company carries forward under Schedule 19B,
- (b) the company's qualifying pre-commencement expenditure, allocated to the pool for each pre-commencement period in accordance with sub-paragraph (3), and
- (c) the company's pre-commencement supplement, allocated to the pool for each pre-commencement period in accordance with sub-paragraph (4).
- (3) To allocate qualifying pre-commencement expenditure to the pool for any pre-commencement period, take the following steps—
- (a) *Step 1:* count as eligible expenditure for that period so much of the qualifying pre-commencement expenditure mentioned in paragraph 9(1) as was incurred in that period,
- (b) *Step 2:* find the total of all the eligible expenditure for that period (amount E),
- (c) *Step 3:* if paragraph 11 applies, reduce amount E in accordance with that paragraph,
- (d) *Step 4:* if paragraph 12 applies, reduce (or, as the case may be, further reduce) amount E in accordance with that paragraph,
and so much of amount E as remains after making those reductions is to be taken to have been added to the pool in that period.
- (4) If any pre-commencement supplement is allowed on a claim in respect of a pre-commencement period, the amount of that supplement is to be taken to have been added to the pool in that period.
- (5) In this paragraph references to the relevant amount (if any) which the company carries forward under Schedule 19B are to the amount in its mixed pool for the purposes of Part 3 of Schedule 19B immediately before 1st January 2006.
### Reduction in respect of disposal receipts under the Capital Allowances Act
##### 11
- (1) This paragraph applies in the case of the qualifying company if—
- (a) it incurs qualifying pre-commencement expenditure in respect of a ring fence trade in any pre-commencement period,
- (b) it would, on the relevant assumption, be entitled to an allowance under any provision of the Capital Allowances Act in respect of that expenditure,
- (c) an event occurs in relation to any asset representing the expenditure in any pre-commencement period, and
- (d) the event would, on the relevant assumption, require a disposal value (the “deductible amount”) to be brought into account under any provision of the Capital Allowances Act for any pre-commencement period.
- (2) The relevant assumption is that the company was carrying on the ring fence trade—
- (a) when the expenditure was incurred, and
- (b) when the event giving rise to the disposal value occurred.
- (3) For the purpose of allocating qualifying pre-commencement expenditure to the pool for each pre-commencement period—
- (a) find the total amount of the disposal values in the case of all such events (amount D), and
- (b) taking later periods before earlier periods, reduce (but not below nil) amount E for any pre-commencement period by setting against it so much of amount D as does not fall to be set against amount E for a later pre-commencement period.
### Reduction in respect of unrelieved group ring fence profits
##### 12
- (1) This paragraph applies if there is an amount of unrelieved group ring fence profits for a pre-commencement period.
- (2) For the purpose of allocating qualifying pre-commencement expenditure to the pool for that period—
- (a) find so much (if any) of amount E for that period as remains after any reduction falling to be made under paragraph 11, and
- (b) reduce that amount (but not below nil) by setting against it a sum equal to the aggregate of the amounts of unrelieved group ring fence profits for the period.
### The reference amount for a pre-commencement period
##### 13
For the purposes of this Part of this Schedule, the reference amount for a pre-commencement period is the amount in the pool at the end of the period—
- (a) after the addition to the pool of any qualifying pre-commencement expenditure allocated to the pool for that period in accordance with paragraph 10(3), but
- (b) before determining, and adding to the pool, the amount of any pre-commencement supplement claimed in respect of the period.
### Claims for pre-commencement supplement
##### 14
- (1) Any claim for pre-commencement supplement in respect of a pre-commencement period must be made as a claim for the commencement period.
- (2) Paragraph 74 of Schedule 18 to the Finance Act 1998 (company tax returns etc: time limit for claims for group relief) applies in relation to a claim for pre-commencement supplement as it applies in relation to a claim for group relief.
## Part 4 — Post-commencement supplement
### Supplement in respect of a post-commencement period
##### 15
- (1) A qualifying company which incurs a ring fence loss (see paragraph 17) in a post-commencement period may claim supplement under this Part of this Schedule (“post-commencement supplement”) in respect of—
- (a) that period, or
- (b) any subsequent accounting period in which it carries on its ring fence trade.
- (2) Any post-commencement supplement allowed on a claim in respect of a post-commencement period is to be treated for the purposes of the Corporation Tax Acts (other than this Part of this Schedule or Part 4 of Schedule 19B) as if it were a loss—
- (a) which is incurred in carrying on the ring fence trade in that period, and
- (b) which falls in whole to be set off under section 393 against trading income from the ring fence trade in succeeding accounting periods.
- (3) Paragraph 74 of Schedule 18 to the Finance Act 1998 (company tax returns etc: time limit for claims for group relief) applies in relation to a claim for post-commencement supplement as it applies in relation to a claim for group relief.
### Amount of post-commencement supplement for a post-commencement period
##### 16
- (1) The amount of the post-commencement supplement for any post-commencement period in respect of which a claim under paragraph 15 is made is the relevant percentage for that period of the reference amount for that period.
- (2) If the post-commencement period is a period of less than twelve months, the amount of the supplement for the period (apart from this sub-paragraph) is to be reduced proportionally.
- (3) Paragraphs 19 to 23 have effect for the purpose of determining the reference amount for a post-commencement period.
### Ring fence losses
##### 17
- (1) If—
- (a) in any post-commencement period (“the period of the loss”) a qualifying company carrying on a ring fence trade incurs a loss in the trade, and
- (b) some or all of the loss falls to be set off under section 393 against trading income from the trade in succeeding accounting periods,
so much of the loss as falls to be so set off is a “ring fence loss” of the company.
- (2) In determining for the purposes of this Part of this Schedule how much of a loss incurred in a ring fence trade falls to be set off as mentioned in sub-paragraph (1)(b), the following assumption is to be made.
- (3) The assumption is that every claim is made that could be made by the company under section 393A to set losses incurred in the ring fence trade against ring fence profits of earlier post-commencement periods.
- (4) This paragraph is subject to paragraph 18 (special rule for straddling periods).
- (5) This paragraph has effect for the purposes of this Part of this Schedule.
### Special rule for straddling periods
##### 18
- (1) This paragraph applies if the period of the loss in which a ring fence loss is incurred is the deemed accounting period under paragraph 3(3) beginning on 1st January 2006 (“the deemed accounting period”).
- (2) The amount of the ring fence loss in the deemed accounting period is determined as follows.
- *Step 1*
- Calculate so much of the ring fence loss in the straddling period as, for the purposes of Part 4 of Schedule 19B, is attributable to qualifying E&A allowances for the straddling period.
- The amount given by this step is “the qualifying Schedule 19B amount”.
- *Step 2*
- Calculate so much of the ring fence loss in the straddling period as is attributable to allowances for the straddling period under Part 6 of the Capital Allowances Act in respect of relevant expenditure.
- For the purposes of this step “*relevant expenditure*” means expenditure incurred by the company on or after 1st January 2006 which, but for that fact, would be qualifying E&A expenditure for the purposes of Schedule 19B.
- For the purposes of this step a ring fence loss is attributable to those allowances to the extent that the amount of the loss (less the qualifying Schedule 19B amount) does not exceed the amount of those allowances for that period.
- The amount given by this step is “the amount of the post-1st January 2006 E&A allowances”.
- *Step 3*
- Deduct the qualifying Schedule 19B amount and the amount of the post-1st January 2006 E&A allowances from the amount of the ring fence loss in the straddling period.
- *Step 4*
- Apportion the remaining amount of that loss (if any) to the deemed accounting period in proportion to the number of days in the deemed accounting period that fall in the straddling period.
- The amount given by this step is “the amount of the apportioned loss”.
- *Step 5*
- The amount of the ring fence loss in the deemed accounting period is the amount of the apportioned loss plus the amount of the post-1st January 2006 E&A allowances.
- (3) In this paragraph “*the straddling period*”, in relation to a qualifying company, means an accounting period of the company—
- (a) beginning before 1st January 2006, and
- (b) ending on or after that date,
disregarding paragraph 3(3).
- (4) In this paragraph references to the ring fence loss in the straddling period are to that loss determined on the assumption that the straddling period is the period of the loss for the purposes of paragraph 17.
- (5) This paragraph has effect for the purposes of this Part of this Schedule.
### The pool of ring fence losses and the pool of non-qualifying Schedule 19B losses
##### 19
- (1) For the purpose of determining the amount of any post-commencement supplement, a qualifying company is to be taken at all times in its post-commencement periods to have a continuing mixed pool (the “ring fence pool”) of—
- (a) the carried forward qualifying Schedule 19B amount,
- (b) the company's ring fence losses, and
- (c) post-commencement supplement.
- (2) The ring fence pool continues even if the amount in it is nil.
- (3) For the purpose of determining the amount of any post-commencement supplement, a qualifying company is also to be taken in its post-commencement periods to have a non-qualifying pool consisting of the carried forward non-qualifying Schedule 19B amount.
- (4) But the non-qualifying pool ceases to exist when the amount in it is reduced to nil.
- (5) In this paragraph—
- “*the carried forward qualifying Schedule 19B amount*”, in relation to a qualifying company, means the amount in its qualifying pool for the purposes of Part 4 of Schedule 19B immediately before 1st January 2006, and
- “*the carried forward non-qualifying Schedule 19B amount*”, in relation to a qualifying company, means the amount in its non-qualifying pool for the purposes of Part 4 of Schedule 19B immediately before 1st January 2006.
### The ring fence pool
##### 20
- (1) The ring fence pool consists of—
- (a) the carried forward qualifying Schedule 19B amount,
- (b) the company's ring fence losses, allocated to the pool in accordance with sub-paragraph (2)(a), and
- (c) the company's post-commencement supplement, allocated to the pool in accordance with sub-paragraph (2)(b).
- (2) The allocation of ring fence losses and post-commencement supplement to the pool is as follows—
- (a) the amount of a ring fence loss is added to the pool in the period of the loss, and
- (b) if any post-commencement supplement is allowed on a claim in respect of a post-commencement period, the amount of that supplement is added to the pool in that period.
- (3) The amount in the ring fence pool is subject to reductions in accordance with the following provisions of this Part of this Schedule.
- (4) If a reduction in the amount in the ring fence pool falls to be made in any accounting period, the reduction is to be made—
- (a) after the addition to the pool of the amount of any ring fence losses allocated to the pool in that period in accordance with sub-paragraph (2)(a), but
- (b) before determining, and adding to the pool, the amount of any supplement claimed in respect of the period,
and references to the amount in the pool are to be read accordingly.
- (5) In this paragraph “*the carried forward qualifying Schedule 19B amount*”, in relation to a qualifying company, means the amount in its qualifying pool for the purposes of Part 4 of Schedule 19B immediately before 1st January 2006.
### Reductions in respect of utilised ring fence losses
##### 21
- (1) If one or more ring fence losses are set off under section 393 against any profits of a post-commencement period, reductions are to be made in that period in accordance with this paragraph.
- (2) If the company has a non-qualifying pool, the amount in the non-qualifying pool is to be reduced (but not below nil) by setting against it a sum equal to the total amount so set off.
- (3) If—
- (a) any of that sum remains after being so set against the amount in the non-qualifying pool, or
- (b) the company does not have a non-qualifying pool,
the amount in the ring fence pool is to be reduced (but not below nil) by setting against it so much of that sum as so remains or (as the case may be) a sum equal to the total amount set off as mentioned in sub-paragraph (1).
- (4) If the post-commencement period is the deemed accounting period under paragraph 3(3) beginning on 1st January 2006 (“the deemed accounting period”), the amount of the profits of the deemed accounting period is determined as follows.
- (5) The amount of the profits of the straddling period is apportioned to the deemed accounting period in proportion to the number of days in the deemed accounting period that fall in the straddling period.
- (6) The apportioned amount is taken for the purposes of this paragraph to be the amount of the profits of the deemed accounting period.
- (7) In this paragraph “*the straddling period*”, in relation to a qualifying company, means an accounting period of the company—
- (a) beginning before 1st January 2006, and
- (b) ending on or after that date,
disregarding paragraph 3(3).
### Reductions in respect of unrelieved group ring fence profits
##### 22
- (1) If there is an amount of unrelieved group ring fence profits for a post-commencement period, reductions are to be made in that period in accordance with this paragraph.
- (2) If, after making any reductions that fall to be made in accordance with paragraph 21, the company does not have a non-qualifying pool, the remaining amount in the ring fence pool is to be reduced (but not below nil) by setting against it a sum equal to the aggregate of the amounts of unrelieved group ring fence profits for the period.
- (3) If, after making any reductions that fall to be made in accordance with paragraph 21, the company has an amount in a non-qualifying pool, the amount in that pool is to be reduced (but not below nil) by setting against it a sum equal to the aggregate of the amounts of unrelieved group ring fence profits for the period.
- (4) If any of that sum remains after being so set against the amount in the non-qualifying pool, the remaining amount in the ring fence pool is to be reduced (but not below nil) by setting against it so much of that sum as so remains.
- (5) For the purposes of this paragraph references to the remaining amount in the ring fence pool are references to so much (if any) of the amount in the ring fence pool as remains after making any reductions that fall to be made in accordance with paragraph 21.
### The reference amount for a post-commencement period
##### 23
For the purposes of this Part of this Schedule the reference amount for a post-commencement period is so much of the amount in the ring fence pool as remains after making any reductions required by paragraph 21 or 22.
##### 3A
Any investment in a common deposit fund established under section 22A of the Charities Act 1960 or section 25 of the Charities Act 1993 or in any similar fund established for the exclusive benefit of charities by or under any enactment relating to any particular charities or class of charities.
##### 6A
Shares in an open-ended investment company.
##### 7A
Uncertificated eligible debt security units as defined in section 552(2) of ITTOIA 2005.
##### 7A
- (1) This paragraph applies if a calculation falls to be made under paragraph 7 above in a case where—
- (a) relief is to be given under section 454 of ITTOIA 2005 (listed deeply discounted securities held since 26th March 2003: relief for losses) in respect of a loss sustained on the disposal of securities, and
- (b) had there been a profit on the disposal it would have been eligible for relief from tax for the year of assessment in which the loss is sustained by virtue of section 592(2).
- (2) That relief is to be given before the calculation under paragraph 7 above is made.
- (3) Then the amount of income to which the specified percentage is applied by virtue of sub-paragraph (3)(a) of that paragraph is reduced by the amount of that relief.
- (4) In this paragraph “*disposal*” has the same meaning as in Chapter 8 of Part 4 of ITTOIA 2005.
## SCHEDULE 23ZA
### Interpretation
##### 1
- (1) In this Schedule—
- “*the date of the change*” shall be construed in accordance with paragraph 3(2) below;
- “*eligible scheme*” shall be construed in accordance with paragraph 2(4) below;
- “*the personal pension provisions of this Act*” means this Schedule and the other provisions of Chapter IV of Part XIV;
- “*prescribed*” (except in paragraph 2(3)(c)) means specified in, or determined in accordance with, regulations;
- “*regulations*” means regulations made by the Board.
- (2) Any power conferred by this Schedule to make regulations includes power to make different provision for different cases or different purposes.
### Eligible schemes
##### 2
- (1) This Schedule applies to any retirement benefits scheme which is for the time being approved under Chapter I of Part XIV.
- (2) Sub-paragraph (1) above is subject to the following provisions of this paragraph.
- (3) This Schedule applies to a retirement benefits scheme only if—
- (a) it is an occupational pension scheme, as defined in section 1 of the Pension Schemes Act 1993 or section 1 of the Pensions Schemes (Northern Ireland) Act 1993;
- (b) it is a money-purchase scheme, as defined in section 181 of the Pension Schemes Act 1993 or section 176 of the Pensions Schemes (Northern Ireland) Act 1993;
- (c) any documents relating to the scheme which are prescribed under section 631(1) are such that, subject to approval under paragraph 3 below, the scheme is capable of being an approved personal pension scheme for the purposes of Chapter IV of Part XIV as from the date of the change; and
- (d) such other conditions as may be prescribed are satisfied in the case of the scheme.
- (4) Any retirement benefits scheme to which this Schedule applies is referred to in this Schedule as an “eligible scheme".
### Approval of eligible schemes as approved personal pension schemes
##### 3
- (1) The trustees of an eligible scheme may at any time on or after 1st October 2000 apply to the Board for approval of the scheme under this paragraph.
- (2) If an application under sub-paragraph (1) above is granted, the eligible scheme shall, as from such date as the Board may specify in granting the application (the “*date of the change*”),—
- (a) irrevocably cease to be approved, and to be capable of approval, under Chapter I of Part XIV; and
- (b) become an approved personal pension scheme (and subject accordingly to section 631(4) and the other provisions of Chapter IV of Part XIV).
- (3) The date of the change must not be earlier than 6th April 2001.
- (4) An application under sub-paragraph (1) above shall be in such form, shall contain such information, and shall be accompanied by such documents, in such form, and prepared as at such time, as the Board may prescribe.
- (5) The Board may at their discretion grant or refuse an application under sub-paragraph (1) above.
- (6) The Board’s discretion under sub-paragraph (5) above shall be subject to the restrictions set out in sections 632 to 638A and this Schedule.
- (7) The Board shall give notice to the applicant of the grant or refusal of an application.
- (8) A notice under sub-paragraph (7) above shall, in the case of a refusal, state the grounds for the refusal.
- (9) If, at any time after the making of an application under sub-paragraph (1) above, the eligible scheme concerned ceases to be approved under Chapter I of Part XIV otherwise than by virtue of the operation of sub-paragraph (2)(a) above, the scheme shall not, by virtue of that application, become an approved personal pension scheme.
### Excessive funding of certain individual members
##### 4
- (1) The Board may refuse or withhold approval under paragraph 3 above in the case of an eligible scheme of a prescribed description if or so long as they are not satisfied that prescribed requirements will be fulfilled with respect to—
- (a) the value of any prescribed benefits which may be provided for or in respect of an individual member of a prescribed description, and
- (b) the value of the assets held for the purpose of providing benefits for or in respect of that member,
if approval under paragraph 3 above is granted.
- (2) Regulations may make provision for or in connection with cases where the value mentioned in paragraph (b) of sub-paragraph (1) above exceeds, or exceeds by more than a prescribed percentage, the value mentioned in paragraph (a) of that sub-paragraph.
- (3) The provision that may be made by virtue of sub-paragraph (2) above includes provision for or in connection with eliminating or reducing any such excess within a prescribed period by one or more prescribed methods.
- (4) Regulations may make provision for the purposes of this paragraph for or in connection with—
- (a) the valuation of benefits; or
- (b) the valuation of assets.
- (5) The provision that may be made by virtue of sub-paragraph (4)(a) or (b) above includes provision with respect to, or in connection with,—
- (a) the person by whom any such valuation is to be made;
- (b) the method or principles of valuation to be used;
- (c) certification of any such valuations and of any prescribed matters relating to or connected with them;
- (d) any facts, matters or assumptions by reference to which any such valuation is to be made;
- (e) any tables to be used for the purpose of making any such valuation;
- (f) the basis on which any such tables are to be prepared;
- (g) the manner in which any such tables are to be applied.
- (6) The methods or principles of valuation and the tables that may be prescribed by virtue of sub-paragraph (5) above include methods or principles or, as the case may be, tables published by the Government Actuary for any purposes of the personal pension provisions of this Act.
### Directions as to contributions between valuation and date of change etc.
##### 5
- (1) The Board may give directions for or in connection with—
- (a) prohibiting the making of contributions during the post-valuation period, or
- (b) restricting the amount of the contributions that may be made during that period,
by or in respect of members of a converting scheme.
- (2) Directions under sub-paragraph (1) above—
- (a) may be given in respect of schemes generally, schemes of a particular description or any particular scheme or schemes; and
- (b) may make different provision in relation to different schemes or different members.
- (3) Any directions under sub-paragraph (1) above must be complied with by—
- (a) the trustees and managers, or administrators, of any scheme to which the directions relate;
- (b) any member of such a scheme to whom the directions relate; and
- (c) any person who is the employer of such a member.
- (4) If there is any contravention of, or failure to comply with, directions under sub-paragraph (1) above, the Board may—
- (a) refuse or withhold approval of the conversion application in question; or
- (b) revoke or vary any approval granted or any conditions pending the satisfaction of which approval is withheld.
- (5) Sub-paragraph (4) above is without prejudice to any other powers of the Board.
- (6) In this paragraph—
- “*conversion application*”, in the case of a converting scheme, means the application under paragraph 3(1) above in respect of the scheme;
- “*converting scheme*” means a scheme in respect of which an application under paragraph 3(1) above has been made and not withdrawn or finally refused;
- “*the post-valuation period*”, in the case of a converting scheme, means the period which—begins with the day as at which any valuation for the purposes of paragraph 4 above is made in connection with the conversion application; andends with the day preceding the date of the change (or, if earlier, the date on which the conversion application is withdrawn or finally refused).
- (7) For the purposes of this paragraph, an application is “*finally refused*” when it has been refused by the Board and—
- (a) the time for appealing under section 651 against the refusal has expired without such an appeal being made; or
- (b) an appeal under that section against the refusal has been withdrawn or finally disposed of in a way which affirms refusal of the application.
- (8) Any directions under this paragraph must be given in writing.
### Scheme rules to allow changes for purpose of conversion
##### 6
An approved retirement benefits scheme shall be taken to include provisions allowing the making of changes to any provisions of the scheme for the purpose of enabling the scheme to become an eligible scheme, notwithstanding anything to the contrary in any provision of the scheme.
## Schedule 23A
### Interpretation
##### 1
- (1) In this Schedule—
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*dividend manufacturer*” has the meaning given by paragraph 2(1) below;
- “*dividend manufacturing regulations*” means regulations made by the Treasury under this Schedule;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*manufactured dividend*” . . . and “*manufactured overseas dividend*” shall be construed respectively in accordance with paragraphs 2 . . . and 4 below, as shall references to the gross amount thereof;
- “*manufactured interest*” means an amount—which is representative of a periodical payment of interest on United Kingdom securities, andwhich, under a contract or other arrangements for the transfer of the securities, one of the parties is required to pay to the other;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*overseas dividend*” means any interest, dividend or other annual payment payable in respect of any overseas securities;
- “*overseas dividend manufacturer*” has the meaning given by paragraph 4(1) below;
- “*overseas securities*” means—shares, stock or other securities issued by a government or public or local authority of a territory outside the United Kingdom or by any other body of persons not resident in the United Kingdom;. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*overseas tax*” means tax under the law of a territory outside the United Kingdom;
- “*overseas tax credit*” means any such credit under the law of a territory outside the United Kingdom in respect of overseas tax as corresponds to a tax credit;
- “*prescribed*” means prescribed in dividend manufacturing regulations;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*securities*” includes any loan stock or similar security;
- “*transfer*” includes any sale or other disposal;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*United Kingdom equities*” means shares of any company resident in the United Kingdom;
- “*United Kingdom securities*” means securities of the government of the United Kingdom, of any public or local authority in the United Kingdom or of any company or other body resident in the United Kingdom, but does not include . . . United Kingdom equities.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Manufactured dividends on UK equities: general
##### 2
- (1) This paragraph applies in any case where, under a contract or other arrangements for the transfer of United Kingdom equities, one of the parties (a “*dividend manufacturer*”) is required to pay to the other (“*the recipient*”) an amount (a “*manufactured dividend*”) which is representative of a dividend on the equities.
- (2) Where a manufactured dividend is paid by a dividend manufacturer who is a company resident in the United Kingdom, the Corporation Tax Acts shall have effect—
- (a) in relation to the recipient, and persons claiming title through or under him, as if the manufactured dividend were a dividend on the UK equities in question; and
- (b) in relation to the dividend manufacturer, as if the amount paid were a dividend of his.
- (3) Where a manufactured dividend to which sub-paragraph (2) above does not apply is paid by any person—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) the Corporation Tax Acts shall have effect in relation to the recipient, and persons claiming title through or under him, as if the manufactured dividend were a dividend on the United Kingdom equities in question; . . .
- (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) . . . Where—
- (a) a dividend manufacturer pays a manufactured dividend . . . , . . . , and
- (aa) the dividend manufacturer is a non-UK resident company within the charge to corporation tax,
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
the dividend manufacturer shall, on paying the manufactured dividend, provide the recipient with a statement in writing setting out the matters specified in sub-paragraph (7) below.
- (7) Those matters are—
- (a) the amount of the manufactured dividend;
- (b) the date of the payment of the manufactured dividend; and
- (c) the amount of the tax credit to which, by virtue of sub-paragraph (3)(b) above or section 573(2) of ITA 2007, the recipient or a person claiming title through or under him either—
- (i) is entitled in respect of the manufactured dividend, or
- (ii) would be so entitled were all the conditions of a right to a tax credit satisfied, in the case of the recipient or that person, as respects the dividend which the recipient is deemed to receive.
- (8) The duty imposed by sub-paragraph (6) above shall be enforceable at the suit or instance of the recipient.
### Manufactured interest on United Kingdom securities
##### 3
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 3A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Deductibility of manufactured payment in the case of the manufacturer
##### 2A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Manufactured dividends representative of foreign income dividends
##### 2B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Manufactured overseas dividends
##### 4
- (1) This paragraph applies in any case where, under a contract or other arrangements for the transfer of overseas securities, one of the parties (the “*overseas dividend manufacturer*”) is required to pay to the other (“*the recipient*”) an amount representative of an overseas dividend on the overseas securities; and in this Schedule the “*manufactured overseas dividend*” means any payment which the overseas dividend manufacturer makes in discharge of that requirement.
- (1A) Where a manufactured overseas dividend is paid as set out in sub-paragraph (1) above it shall be treated—
- (a) as an expense of the trade where a company carries on a trade to which that payment relates;
- (b) where a company has investment business to which the payment relates, for the purposes of section 75 as expenses of management;
- (c) in the case of a company carrying on life assurance business—
- (i) so far as the payment is referable to basic life assurance and general annuity business, for the purposes of section 76 as if it were an expense payable falling to be brought into account at Step 3 of subsection (7) of that section, and
- (ii) the payment is to be treated as referable to basic life assurance and general annuity business to the extent that the overseas dividend of which it is representative is or would, if it were received by the company, be so referable by virtue of section 432A.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) Where a manufactured overseas dividend is paid after deduction of the amount required by section 922(2) of ITA 2007 (amount of income tax to be deducted at source), or where the amount of tax required under section 923 of that Act (income tax to be accounted for and paid) in respect of such a dividend has been accounted for and paid, then for all purposes of the Corporation Tax Acts. . . —
- (a) the manufactured overseas dividend shall be treated in relation to the recipient, and all companies claiming title through or under the recipient, as if it were an overseas dividend of an amount equal to the gross amount of the manufactured overseas dividend, but paid after the withholding therefrom, on account of overseas tax, of the amount deducted under section 922(2) of ITA 2007; and
- (b) the amount so deducted shall accordingly be treated in relation to the recipient, and all companies claiming title through or under the recipient, as an amount so withheld instead of as an amount on account of income tax.
- (5) For the purposes of this paragraph—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) the gross amount of a manufactured overseas dividend is an amount equal to the gross amount of that overseas dividend of which the manufactured overseas dividend is representative, as mentioned in sub-paragraph (1) above; and
- (c) the gross amount of an overseas dividend is an amount equal to the aggregate of—
- (i) so much of the overseas dividend as remains after the deduction of the overseas tax (if any) chargeable on it;
- (ii) the amount of the overseas tax (if any) so deducted; and
- (iii) the amount of the overseas tax credit (if any) in respect of the overseas dividend.
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (7AA) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (7A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (9) Without prejudice to section 97 of the Finance Act 1996 (manufactured interest), the references in this paragraph to all the purposes of the Corporation Tax Acts do not include the purposes of Chapter II of Part IV of that Act (loan relationships).
##### 4A
- (1) A reference in paragraph 4(4)(a) or (b) to the relevant amount in relation to an amount deducted under section 922(2) of ITA 2007 is—
- (a) where the deduction is made in respect of a manufactured overseas dividend that is treated as paid under paragraph 13(1) of Schedule 13 to FA 2007 (sale and repurchase of securities), to amount A, and
- (b) otherwise, to the amount deducted under section 922(2) of ITA 2007.
- (2) Amount A is—
- (a) in a case to which sub-paragraph (3) applies, the amount deducted under section 922(2) of ITA 2007,
- (b) in a case to which sub-paragraph (4) applies—
- (i) the amount deducted under section 922(2) of ITA 2007, less
- (ii) the excess mentioned in that sub-paragraph, and
- (c) in any other case, nil.
- (3) This sub-paragraph applies to a case in which—
- (a) an amount is actually paid by way of manufactured overseas dividend,
- (b) the amount so paid equals the relevant net amount, and
- (c) it is reasonable to assume that, in deciding the repurchase price of the securities, no account was taken of the fact that the amount would be so paid.
- (4) This sub-paragraph applies to a case in which—
- (a) an amount is actually paid by way of manufactured overseas dividend,
- (b) the amount so paid exceeds the relevant net amount, and
- (c) it is reasonable to assume that, in deciding the repurchase price of the securities, no account was taken of the fact that the amount would be so paid.
- (5) In this paragraph “the repurchase price” of the securities means the price at which the payer of the manufactured overseas dividend is entitled or obliged to sell the securities, or similar securities, to the recipient of the manufactured overseas dividend.
- (6) In this paragraph “*the securities*” means the securities in respect of which the overseas dividend of which the manufactured overseas dividend is representative is paid.
- (7) In this paragraph “*the relevant net amount*” means—
- (a) the gross amount of the overseas dividend of which the manufactured overseas dividend is representative, less
- (b) the amount deducted under section 922(2) of ITA 2007.
### Dividends and interest passing through the market
##### 5
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Unapproved manufactured payments
##### 6
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Irregular manufactured payments
##### 7
- (1) . . . In any case where (apart from this paragraph)—
- (a) an amount paid by way of manufactured dividend would exceed the amount of the dividend of which it is representative, or
- (b) the aggregate of—
- (i) an amount paid by way of . . . manufactured overseas dividend, and
- (ii) the tax required to be accounted for in connection with the making of that payment,
would exceed the gross amount (as determined in accordance with paragraph . . . 4 above) of the . . . overseas dividend of which it is representative . . . ,
the payment shall, to the extent of an amount equal to the excess, not be regarded for the purposes of this Schedule as made in discharge of the requirement referred to in paragraph 2(1). . . or 4(1) above, as the case may be, but shall instead to that extent be taken for all purposes of the Corporation Tax Acts to constitute a separate fee for entering into the contract or other arrangements under which it was made, notwithstanding anything in paragraph 2 above or anything in paragraph 4 other than in sub-paragraph (1A).
- (1A) Sub-paragraph (1) above does not apply in the case of the amount of any . . . manufactured overseas dividend which falls in accordance with section 97 of the Finance Act 1996 to be treated for the purposes of Chapter II of Part IV of that Act as interest under a loan relationship.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) For the purpose of giving relief under any provision of the Corporation Tax Acts in a case falling within paragraph . . . 4(1) above where (apart from this paragraph) the aggregate referred to in sub-paragraph (1)(b) above would be less than the gross amount there mentioned—
- (a) the gross amount of the . . . manufactured overseas dividend shall be taken to be an amount equal to the aggregate referred to in sub-paragraph (1)(b) above, . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
notwithstanding anything in paragraph . . . 4 above.
- (4) In this paragraph “*relief*” means relief by way of—
- (a) deduction in computing profits or gains; or
- (b) deduction . . . against . . . total profits.
### Manufactured payments under arrangements having an unallowable purpose
##### 7A
- (1) This paragraph applies in any case where—
- (a) a manufactured payment falls to be made by a company in an accounting period in pursuance of any arrangements (see sub-paragraphs (9) and (10) for definitions), and
- (b) the arrangements have an unallowable purpose at any time (see sub-paragraphs (3) to (5)).
But this is subject to sub-paragraph (8) below (cases where tax relief is denied apart from this paragraph).
- (2) The company is not entitled, by virtue of anything in this Schedule or any provision of regulations under it, or otherwise, to any relevant tax relief (see sub-paragraph (10)), to the extent that the relief is in respect of, or referable to, the whole or any part of so much of the manufactured payment as, on a just and reasonable apportionment, is attributable to the unallowable purpose.
- (3) Arrangements have an unallowable purpose at any time if at that time the purposes for which the company is a party to—
- (a) the arrangements,
- (b) any related transaction (see sub-paragraphs (6) and (7)), or
- (c) any transaction in pursuance of the arrangements,
include a purpose (“the unallowable purpose”) which is not among the business or other commercial purposes of the company.
- (4) The business and other commercial purposes of a company do not include the purposes of any part of its activities in respect of which it is not within the charge to corporation tax.
- (5) Where one of the purposes for which a company is at any time a party to—
- (a) any arrangements,
- (b) any related transaction in the case of any arrangements, or
- (c) any transaction in pursuance of any arrangements,
is a tax avoidance purpose, that purpose shall be taken to be a business or other commercial purpose of the company only where it is not the main purpose, or one of the main purposes, for which the company is party to the arrangements or transaction at that time.
- (6) One or more transactions are to be regarded as related transactions, in the case of any arrangements, if it would be reasonable to assume, from either or both of—
- (a) the likely effect of the transactions, and
- (b) the circumstances in which the transactions are entered into or effected,
that none of the transactions would have been entered into or effected independently of the arrangements.
- (7) Transactions are not prevented from being related transactions, in the case of any arrangements, just because the transactions—
- (a) are not between the same parties, or
- (b) are not between the parties to the arrangements.
- (8) This paragraph does not apply if, as a result of any of the following provisions—
- (a) section 75(4)(b) (expenses of management of companies with investment business: unallowable purposes),
- (b) section 76(4)(d) (expenses of insurance companies: unallowable purposes),
- (c) paragraph 13 of Schedule 9 to the Finance Act 1996 (loan relationships with unallowable purposes),
the company in question is not entitled to a relevant tax relief in respect of, or referable to, the whole or any part of the manufactured payment.
The references to sections 75 and 76 are references to those provisions as they have effect in relation to accounting periods beginning on or after 1st April 2004.
- (9) Any reference in this paragraph to a manufactured payment falling to be made by a company includes a reference to a manufactured payment which is deemed by or under any provision of the Tax Acts to be made by a company (and references to a transaction, or to a company being party to a transaction, are to be construed accordingly).
- (10) In this paragraph—
- “*arrangements*” includes schemes, arrangements and understandings of any kind, whether or not legally enforceable, and shall be taken to include any related transactions;
- “*manufactured payment*” means any of the following—any manufactured dividend;any manufactured interest;any manufactured overseas dividend;any payment which by virtue of paragraph 7(1) constitutes a fee;
- “*related transaction*” shall be construed in accordance with sub-paragraphs (6) and (7) above;
- “*relevant tax relief*” means any of the following—any deduction in computing profits or gains for the purposes of corporation tax;any deduction against total profits;the bringing into account of any debit for the purposes of Chapter 2 of Part 4 of the Finance Act 1996 (loan relationships);the surrender of an amount by way of group relief;
- “*tax advantage*” has the meaning given by section 840ZA;
- “*tax avoidance purpose*” means any purpose that consists in securing a tax advantage (whether for the company in question or any other person);
- and sub-paragraphs (3) to (7) above have effect for the purposes of this paragraph.
### Dividend manufacturing regulations: general
##### 8
- (1) Dividend manufacturing regulations may make provision for—
- (a) such manufactured dividends . . . or manufactured overseas dividends as may be prescribed,
- (aa) such persons who receive, or become entitled to receive, manufactured dividends . . . or manufactured overseas dividends as may be prescribed, or
- (b) such dividend manufacturers . . . or overseas dividend manufacturers as may be prescribed,
to be treated in prescribed circumstances otherwise than as mentioned in paragraphs 2 and 4 above for the purposes of such provisions of the Corporation Tax Acts as may be prescribed.
- (1A) Dividend manufacturing regulations may provide, in relation to prescribed cases where a person makes or receives the payment of any amount representative of an overseas dividend, or is treated for any purposes of this Schedule or such regulations as a person making or receiving such a payment—
- (a) for any entitlement of that person to claim relief under Part XVIII to be extinguished or reduced to such extent as may be found under the regulations; and
- (b) for the adjustment, by reference to any provision having effect under the law of a territory outside the United Kingdom, of any amount falling to be taken, for any prescribed purposes of the Corporation Tax Acts . . . , to be the amount paid or payable by or to any person in respect of any sale, repurchase or other transfer of the overseas securities to which the payment relates.
- (2) Dividend manufacturing regulations may make provision with respect to—
- (a) the accounts and other records which are to be kept,
- (b) the vouchers which are to be issued or produced,
- (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
by persons by . . . whom manufactured dividends . . . are paid.
- (2A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) Dividend manufacturing regulations may—
- (a) make provision for prescribed provisions of the Management Act to apply for corporation tax purposes in relation to manufactured dividends, manufactured interest or manufactured overseas dividends with such modifications, specified in the regulations, as the Treasury think fit;
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) Dividend manufacturing regulations may make different provision for different cases.
##### 4A
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##### 11A
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### Exchange gains and losses
##### 13
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##### 14
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##### 15
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##### 16
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##### 17
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##### 18
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##### 19
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### Transfer pricing
##### 20
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##### 2A
- (1) Paragraph 2 above shall have effect in accordance with this paragraph to determine whether a controlled foreign company . . . pursues an acceptable distribution policy in respect of a particular accounting period (“*the relevant accounting period*”).
- (2) Subject to sub-paragraph (4) below, where the distribution condition is satisfied in relation to the relevant accounting period, then, in addition to any dividend which falls within paragraph 2(1)(a) above apart from this paragraph—
- (a) any dividend which is paid for the accounting period (“*the preceding period*”) immediately preceding the relevant accounting period and which is not an excluded dividend shall be treated as falling within that paragraph, and
- (b) if the distribution condition is satisfied in relation to the preceding period, any dividend which is paid for the accounting period immediately preceding the preceding period and which is not an excluded dividend shall be treated as falling within that paragraph,
and so on; and in this sub-paragraph “*dividend*” means a dividend not paid out of specified profits.
- (3) For the purposes of this paragraph, the distribution condition is satisfied in relation to any accounting period if—
- (a) a dividend or dividends are paid for the period to persons resident in the United Kingdom,
- (b) the amount or, as the case may be, aggregate amount of any dividends falling within paragraph (a) above is not less than—
- (i) the relevant profits for that period, or
- (ii) where paragraph 2(4) or (5) above applies (with the modifications of paragraph 2 made by sub-paragraph (5) below), the appropriate portion of those profits, and
- (c) any dividends falling within that paragraph are paid not later than the time by which any dividend paid for the relevant accounting period is required by paragraph 2(1)(b) above to be paid;
or if there are no relevant profits for the period.
- (4) Where, by reason only of the fact that a company pursued an acceptable distribution policy in respect of any accounting period (“*the earlier period*”) earlier than the relevant accounting period, no apportionment under section 747(3) fell to be made in respect of the earlier period, sub-paragraph (2) above shall apply to any dividend required to be taken into account for the purpose of showing that the company pursued an acceptable distribution policy in respect of the earlier period only to the extent (if any) to which that dividend was not required to be taken into account for that purpose.
- (5) The modifications of paragraph 2 above referred to in sub-paragraph (3)(b) above are that—
- (a) the references in sub-paragraphs (4) and (5) to the accounting period in question are to be read as references to the accounting period for which the dividend or dividends are paid,
- (b) the references in those sub-paragraphs to sub-paragraph (1)(d) are to be read as references to sub-paragraph (3)(b) above, and
- (c) the reference in the definition of “X” in sub-paragraph (6) to net chargeable profits is to be read as a reference to relevant profits.
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) For the purposes of this paragraph—
- (aa) a dividend is an excluded dividend if it is paid, in whole or in part, out of the total profits from which (in accordance with section 747(6)(a)) the chargeable profits for an excluded period are derived,
- (a) a period is an excluded period if it is an accounting period in respect of which an apportionment under section 747(3) falls to be made, and
- (b) relevant profits for any accounting period are the profits which would be the relevant profits of that period for the purposes of section 799 if a dividend were actually paid for that period.
##### 2B
- (1) This paragraph has effect for the purposes of paragraph 2(1A)(b) above.
- (2) No payment of dividend by a controlled foreign company for an accounting period shall be regarded as involved in a UK tax avoidance scheme by reason only that there is no charge to tax under section 747(4)(a) if the controlled foreign company pursues an acceptable distribution policy for that accounting period.
- (3) “*UK tax avoidance scheme*” means a scheme or arrangement the purpose, or one of the main purposes, of which is to achieve a reduction in United Kingdom tax.
- (4) A scheme or arrangement achieves a reduction in United Kingdom tax if, apart from the scheme or arrangement, any company—
- (a) would have been liable for any such tax or for a greater amount of any such tax; or
- (b) would not have been entitled to a relief from or repayment of any such tax or would have been entitled to a smaller relief from or repayment of any such tax.
- (5) In this paragraph—
- “*arrangement*” means an arrangement of any kind, whether in writing or not;
- “*United Kingdom tax*” means corporation tax or any tax chargeable as if it were corporation tax.
##### 4A
- (1) This paragraph has effect for the purposes of paragraph 4(1A)(b) above.
- (2) No payment to a company resident in the United Kingdom which represents the whole or part of a dividend paid by a controlled foreign company for an accounting period shall be regarded as involved in a UK tax avoidance scheme by reason only that—
- (a) there is no charge to tax under section 747(4)(a) if the controlled foreign company pursues an acceptable distribution policy for that accounting period, and
- (b) so much of the dividend as is represented by that payment will (if paragraph 4(1) above has effect) fall to be brought into account in determining whether the controlled foreign company has done so.
- (3) “*UK tax avoidance scheme*” means a scheme or arrangement the purpose, or one of the main purposes, of which is to achieve a reduction in United Kingdom tax.
- (4) A scheme or arrangement achieves a reduction in United Kingdom tax if, apart from the scheme or arrangement, any company—
- (a) would have been liable for any such tax or for a greater amount of any such tax; or
- (b) would not have been entitled to a relief from or repayment of any such tax or would have been entitled to a smaller relief from or repayment of any such tax.
- (5) In this paragraph—
- “*arrangement*” means an arrangement of any kind, whether in writing or not;
- “*United Kingdom tax*” means corporation tax or any tax chargeable as if it were corporation tax.
##### 11A
- (1) This paragraph has effect for the interpretation of paragraph 6(2B) above.
- (2) “*Contract of long-term insurance*” means any contract falling within Part II of Schedule 1 to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001.
- (3) “*Protection business*” means contracts of long-term insurance where—
- (a) either—
- (i) the contract has no surrender value; or
- (ii) the consideration consists of a single premium and the surrender value does not exceed the amount of that premium; and
- (b) the contract makes no provision for its conversion or extension in a manner which would result in its ceasing to fall within paragraph (a) above;
and references to protection business include a reference to reinsurance of protection business.
- (4) “*Insurance group*” shall be construed in accordance with section 255A(5) of the Companies Act 1985 (meaning of “insurance group” in Part 7) but reading Part 7 of that Act—
- (a) as if it extended to Northern Ireland, and
- (b) as if any reference to a company (within the meaning of that Act) included a reference to a company as defined in Article 3 of the Companies (Northern Ireland) Order 1986,
but does not include such an insurance group if it falls within sub-paragraph (5) below.
- (5) Such an insurance group falls within this sub-paragraph if (within the meaning of that Part as so read) the parent company is a subsidiary undertaking of a parent company which is neither—
- (a) the parent company of an insurance group; nor
- (b) a subsidiary undertaking of the parent company of an insurance group.
- (6) A controlled foreign company is, in accordance with sub-paragraphs (4) and (5) above, a “*member of an insurance group*” if (within the meaning of that Part as so read) it is the parent company, or a subsidiary undertaking of the parent company, of an insurance group which is by virtue of sub-paragraph (4) above an insurance group for the purposes of paragraph 6(2B) above.
- (7) A company’s main business is “*insuring or reinsuring large risks*” if (and only if)—
- (a) the company’s main business is the effecting or carrying out of contracts of insurance; and
- (b) 50% or more of its gross trading receipts from that business are derived from insuring or reinsuring large risks.
- “*Large risks*” is defined in paragraph 11B below.
- (8) In this paragraph—
- “*contract of insurance*” has the meaning given by article 3(1) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001;
- “*contract of long-term insurance*” has the meaning given by sub-paragraph (2) above.
##### 11B
- (1) In paragraph 11A above “*large risks*” means—
- (a) risks falling within classes 4, 5, 6, 7, 11 and 12 of Part I of Schedule 1 to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001;
- (b) risks falling within classes 14 and 15 of that Part which relate to a business carried on by the policy holder;
- (c) risks falling within classes 3, 8, 9, 10, 13 and 16 of that Part where the policy holder carries on a business in respect of which the condition specified in sub-paragraph (2) below is satisfied.
- (2) The condition referred to in sub-paragraph (1)(c) above is that, in the case of that business of the policy holder, at least two of the three following criteria were exceeded in the most recent financial year beginning on or after 1st January 1999 for which the information is available—
- (a) balance sheet total: 6.2 million euros;
- (b) net turnover: 12.8 million euros;
- (c) number of employees: 250.
- (3) For the purposes of sub-paragraph (2) above as it applies where the policy holder is a company, within the meaning of section 735(1) of the Companies Act 1985 or Article 3 of the Companies (Northern Ireland) Order 1986,—
- (a) “*balance sheet total*” has the meaning given by section 247(5) of that Act or Article 255(5) of that Order;
- (b) “*net turnover*” has the meaning given to “*turnover*” by section 262(1) of that Act or Article 270(1) of that Order; and
- (c) “*number of employees*” has the meaning given by section 247(6) of that Act or Article 255(6) of that Order;
and for a financial year which is a company’s financial year but not in fact a year, the net turnover of the company shall be proportionately reduced.
- (4) Where the policy holder is a member of a group for which consolidated accounts (within the meaning of Directive [83/349/EEC](https://www.legislation.gov.uk/european/directive/1983/0349)) are drawn up, the question whether the condition in sub-paragraph (2) above is met shall be determined by reference to those accounts.
- (5) For the purposes of sub-paragraph (1)(c) above as it applies where the policy holder is a professional association, joint venture or temporary grouping, the question whether the condition in sub-paragraph (2) above is met shall be determined by reference to the aggregate of the figures of the description in question for all the members of the professional association, joint venture or temporary grouping.
- (6) In sub-paragraphs (1) to (5) above “*business*” includes a trade or profession and, for the purposes of sub-paragraph (1)(c) above, any activity of a professional association, joint venture or temporary grouping.
- (7) For the purposes of this paragraph, where an amount is denominated in any accounts in a currency other than the euro, it shall be converted into its equivalent in euros using the London closing exchange rate for that currency and the euro for the last day of the period to which the accounts relate.
- (8) In this paragraph—
- “*euro*” means the single currency adopted or proposed to be adopted as its currency by a member State in accordance with the Treaty establishing the European Community;
- “*financial year*”, in relation to any person, means the period (not exceeding 12 months) for which that person makes up accounts.
##### 12A
- (1) In paragraphs 6, 8(3) and 12(5) above and this paragraph, “*superior holding company*” means—
- (a) a company whose business consists wholly or mainly in the holding of shares or securities of companies which—
- (i) are holding companies or local holding companies; or
- (ii) are themselves superior holding companies; or
- (b) a company which would fall within paragraph (a) above if there were disregarded so much of its business as consists in the holding of property or rights of any description for use wholly or mainly by companies which it controls and which are resident in the territory in which it is resident.
- (2) For the purposes of sub-paragraphs (4A) and (4B) of paragraph 6 above, the income of a company during any period which “*represents qualifying exempt activity income of its subsidiaries*” is any income of the company during that period which is directly or indirectly derived from companies—
- (a) which it controls, and
- (b) which, throughout that period, fall within sub-paragraph (4B)(a) of that paragraph, but
- (c) which are not holding companies other than local holding companies.
- (3) In determining for the purposes of sub-paragraph (4A) or (4B) of paragraph 6 above the companies from which, and the proportions in which, different descriptions of income of a company are derived (whether directly or indirectly), any dividend shall be taken to be paid out of the appropriate profits.
- (4) Subsections (3) and (4) of section 799 (which provide rules for determining the profits out of which a dividend is to be regarded as paid for the purpose of subsection (1) of that section) shall apply for determining the appropriate profits for the purposes of subsection (3) above as they apply for determining the relevant profits for the purposes of subsection (1) of that section.
- (5) Sub-paragraphs (4) to (6) of paragraph 12 above shall apply in relation to sub-paragraph (4A) or (4B) of paragraph 6 above and a superior holding company as they apply in relation to sub-paragraph (3) or (4) of paragraph 6 above and a holding company, but taking the reference in sub-paragraph (4) of paragraph 12 above to paragraph (a) or (b) of sub-paragraph (1) of that paragraph as a reference to paragraph (a) or (b) of sub-paragraph (1) above.
## Part 2A — Trading Companies with Limited UK Connection
### Introductory
##### 12B
- (1) For the purposes of section 748(1)(ba), a controlled foreign company (“C”) is exempt for an accounting period if the requirements of this Part of this Schedule are satisfied.
- (2) The requirements are those imposed as to C's—
- (a) business establishment (see paragraph 12C),
- (b) business activities (see paragraph 12D),
- (c) UK connection (see paragraph 12E), and
- (d) finance income and relevant IP income (see paragraph 12F).
### Business establishment
##### 12C
- (1) The requirement of this paragraph is that throughout the accounting period C has a business establishment in the territory in which it is resident.
- (2) For the purposes of sub-paragraph (1)—
- (a) paragraph 5(2) to (5) (special rules about residence of the company) applies as it applies for the purposes of Part 2 of this Schedule, and
- (b) paragraph 7 (meaning of “business establishment”) applies as it applies for the purposes of paragraph 6(1)(a).
### Business activities
##### 12D
- (1) The requirement of this paragraph is that—
- (a) C's business does not, at any time during the accounting period, include to a substantial extent non-exempt activities, or
- (b) if C is wholly engaged in business falling within paragraph 11(1)(c) (banking etc), C's business does not, at any time during the accounting period, include to a substantial extent non-exempt activities which do not constitute investment business.
- (2) For this purpose—
- “*non-exempt activities*” means—the holding or managing of shares or securities,the holding of intellectual property,dealing in securities, other than in the capacity of a broker,the leasing of any description of property or rights,the investment in any manner of funds which would otherwise be available, directly or indirectly, for investment by or on behalf of any person (whether resident in the United Kingdom or not) who has, or is connected or associated with a person who has, control, either alone or together with other persons, of C, andif C is not a member of an insurance group throughout the accounting period, the effecting or carrying out of contracts of insurance between C and persons related to C;
- “*investment business*” means activities within paragraphs (a) to (d) of paragraph 9(1).
- (3) For the purposes of sub-paragraph (2)(f), a person is “related” to C if—
- (a) the person is connected or associated with C,
- (b) the person has a 25 per cent assessable interest in C in the case of the accounting period in question (within the meaning of paragraph 6(4C)), or
- (c) if C is a controlled foreign company in that accounting period by virtue of subsection (1A) of section 747, the person is connected or associated with either or both of the two persons mentioned in that subsection.
- (4) In sub-paragraph (2)—
- “*broker*” includes any person offering to sell securities to, or purchase securities from, members of the public generally;
- “*contract of insurance*” has the meaning given by Article 3(1) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001;
- “*insurance group*” has the meaning given by paragraph 11A(4);
- “*intellectual property*” is to be construed in accordance with paragraph 9(1A);
- “*member of an insurance group*” has the meaning given by paragraph 11A(6).
### UK connection
##### 12E
- (1) The requirement of this paragraph is that C does not have a significant connection with the United Kingdom during the accounting period.
- (2) C has a significant connection with the United Kingdom during the accounting period if Condition A or B is met.
- (3) Condition A is that—
- (a) the UK-connected gross income of C's business for that period exceeds 10% of the gross income of that business for that period, and
- (b) sub-paragraph (4) does not apply.
- (4) This sub-paragraph applies if—
- (a) at all times in the accounting period there are sufficient individuals working for C in the territory in which it is resident, or in any other territory outside of the United Kingdom, who have the competence and authority to undertake all, or substantially all, of C's business,
- (b) C's relevant profits for the accounting period do not exceed 10% of C's relevant operating expenses for that period, and
- (c) the UK-connected gross income of C's business for that period does not exceed 50% of the gross income of that business for that period.
- (5) Condition B is that—
- (a) the UK-connected related-party business expenditure of C's business for that period exceeds 50% of the total related-party business expenditure of C's business for that period, and
- (b) during the accounting period C has been involved in a scheme where the main purpose, or one of the main purposes, of any party to the scheme in entering into the scheme is to achieve a reduction in corporation tax or any tax chargeable as if it were corporation tax.
- (6) For the purposes of sub-paragraph (4)(a), individuals are not to be regarded as working for C in any territory unless—
- (a) they are employed by C in the territory, or
- (b) they are otherwise directed by C to perform duties on its behalf in the territory.
- (7) In this paragraph—
- “*related-party business expenditure*” means any expenditure, other than capital expenditure, which gives rise, directly or indirectly, to income of a person related to C;
- “relevant profits”, for an accounting period, means the total profits of C for that period calculated in accordance with generally accepted accounting practice (disregarding any capital gains or losses), but before any deduction for interest or tax;
- “relevant operating expenses” of C means operating expenses of C other than—the cost of goods sold, andrelated-party business expenditure;
- “*scheme*” means any scheme, arrangements or understanding of any kind whatever, whether or not legally enforceable, involving one or more transactions;
- “*UK-connected gross income*” means the gross income derived, directly or indirectly, from persons who are within the charge to United Kingdom tax for all or part of the accounting period;
- “*UK-connected related-party business expenditure*” means related-party business expenditure which gives rise, directly or indirectly, to income of a person within the charge to United Kingdom tax in respect of that income;
- “*United Kingdom tax*” means income tax or corporation tax;
and paragraph 12D(3) (persons “related” to C) applies for the purposes of this paragraph as it applies for the purposes of paragraph 12D(2)(f).
- (8) In the case of a company which is within the charge to United Kingdom tax only because it carries on a trade in the United Kingdom through a permanent establishment there, for the purposes of sub-paragraph (7)—
- (a) the gross income derived from that company is so much of the gross income as is attributable to that establishment, and
- (b) the income received by that company is such of its income as is attributable to that establishment.
### Finance income and relevant IP income
##### 12F
- (1) The requirement of this paragraph is that not more than 5% of C's gross income for the accounting period falls within sub-paragraph (2).
- (2) Gross income falls within this sub-paragraph to the extent that it is—
- (a) finance income, or
- (b) relevant IP income.
- (3) “*Finance income*” means—
- (a) any amount which in accordance with UK generally accepted accounting practice falls to be recognised as arising from a financial asset, and
- (b) any return, in relation to an amount, which—
- (i) is produced for C by an arrangement to which C is party, and
- (ii) is economically equivalent to interest,
except to the extent that the return is taken into account in determining an amount within paragraph (a).
- (4) “*Relevant IP income*” means royalties and receipts of a similar nature arising from intellectual property.
- (5) For the purposes of sub-paragraph (3)(b), the amount of a return is the amount which by virtue of the return would, in calculating C's chargeable profits, be treated under section 486B of CTA 2009 (disguised interest to be regarded as profit from loan relationship) as a profit arising to C from a loan relationship.
- (6) But, in calculating that profit for the purposes of sub-paragraph (5), sections 486B(7) and 486C to 486E of CTA 2009 are to be ignored.
- (7) In this paragraph—
- “*economically equivalent to interest*” is to be construed in accordance with section 486B(2) and (3) of CTA 2009;
- “*financial asset*” means a financial asset as defined for the purposes of UK generally accepted accounting practice or international accounting standards;
- “*intellectual property*” is to be construed in accordance with paragraph 9(1A).
### Gross income
##### 12G
- (1) References in this Part of this Schedule to C's gross income are to be construed in accordance with this paragraph.
- (2) C's gross income for an accounting period does not include—
- (a) any distribution that would not be included in C's chargeable profits by reason of it being exempt for the purposes of Part 9A of CTA 2009 (see section 931A of that Act), or
- (b) any amount that would be taken into account in computing chargeable gains if C were within the charge to corporation tax.
- (3) C's gross income for an accounting period includes—
- (a) any income which accrues during that period to the trustees of a settlement in relation to which C is a settlor or a beneficiary, and
- (b) any income which accrues during that period to a partnership of which C is a partner, apportioned between C and the other partners on a just and reasonable basis.
- (4) Where there is more than one settlor or beneficiary in relation to the settlement mentioned in sub-paragraph (3)(a), the income is to be apportioned between C and the other settlors or beneficiaries on a just and reasonable basis.
- (5) In this paragraph—
- “*distribution*” has the same meaning as in the Corporation Tax Acts (see Part 23 of CTA 2010);
- “*partnership*” includes an entity established under the law of a country or territory outside the United Kingdom of a similar character to a partnership; and “partner” is to be read accordingly.
## Part 2B — Companies Exploiting Intellectual Property with Limited UK Connection
### Introductory
##### 12H
- (1) For the purposes of section 748(1)(bb), a company (“C”) is exempt for an accounting period if the requirements of this Part of this Schedule are satisfied.
- (2) The requirements are those imposed as to C's—
- (a) business establishment (see paragraph 12I),
- (b) intellectual property business (see paragraph 12J),
- (c) other business activities (see paragraph 12K),
- (d) UK connection (see paragraph 12L), and
- (e) finance income (see paragraph 12M).
### Business establishment
##### 12I
- (1) The requirement of this paragraph is that throughout the accounting period C has a business establishment in the territory in which it is resident.
- (2) For the purposes of sub-paragraph (1)—
- (a) paragraph 5(2) to (5) (special rules about residence of the company) applies as it applies for the purposes of Part 2 of this Schedule, and
- (b) paragraph 7 (meaning of “business establishment”) applies as it applies for the purposes of paragraph 6(1)(a).
### Intellectual property business
##### 12J
- (1) The requirement of this paragraph is that C's main business, throughout the accounting period, consists of the exploitation of intellectual property which does not have a relevant UK connection.
- (2) For the purposes of sub-paragraph (1), if any part of C's main business consists of the exploitation of intellectual property which has a relevant UK connection, that part is to be ignored if it is an insignificant part of C's main business.
- (3) Intellectual property has a relevant UK connection if—
- (a) at any time during the accounting period or the 6 years immediately preceding that period, it has been held by a person resident in the United Kingdom, or
- (b) activities relating to the creation, maintenance or enhancement of the intellectual property (other than activities of an incidental or insignificant nature) have been carried on by a person who for some or all of the period—
- (i) beginning when the activities were first carried on by the person, and
- (ii) ending at the end of the accounting period,
was related to C and within the charge to United Kingdom tax.
### Other business activities
##### 12K
- (1) The requirement of this paragraph is that—
- (a) C does not, at any time during the accounting period, carry on any activities otherwise than in the course of its main business, or
- (b) if it carries on any such activities (“secondary activities”), the secondary activities condition is met.
- (2) The secondary activities condition is that either—
- (a) the secondary activities do not, at any time during the accounting period, constitute a substantial part of the activities of C's business taken as a whole, or
- (b) section 748(1)(b) or (ba) would apply to prevent an apportionment under section 747(3) falling to be made as regards that period, if C's business consisted only of the secondary activities carried on by it during the accounting period.
### UK connection
##### 12L
- (1) The requirement of this paragraph is that C does not have a significant connection with the United Kingdom during the accounting period.
- (2) C has a significant connection with the United Kingdom during the accounting period if—
- (a) all or a substantial proportion of C's gross income for that period consists of income from the exploitation of intellectual property which derives from persons within the charge to United Kingdom tax, or
- (b) during that period C incurs expenditure (other than expenditure of an incidental or insignificant nature) on—
- (i) R&D sub-contractor payments, or
- (ii) the creation, development or maintenance of relevant intellectual property,
and that expenditure forms part of the income of a person who for some or all of that period is related to C and within the charge to United Kingdom tax.
- (3) In this paragraph—
- “*R&D sub-contractor payment*” means a payment made by C to another person in respect of research and development contracted out by C to that person;
- “*relevant intellectual property*” means intellectual property which does not have a relevant UK connection (see paragraph 12J(3)) and which C exploits in the course of its main business.
### Finance income
##### 12M
The requirement of this paragraph is that not more than 5% of C's gross income for the accounting period consists of finance income (within the meaning of paragraph 12F(3)).
### Interpretation of Part 2B
##### 12N
- (1) For the purpose of this Part of this Schedule—
- “*intellectual property*” is to be construed in accordance with paragraph 9(1A);
- “*United Kingdom tax*” means corporation tax or income tax;
and paragraph 12G (meaning of “gross income”) applies as it applies for the purposes of Part 2A of this Schedule.
- (2) For the purposes of this Part of this Schedule a person is “related” to C at a particular time if at that time—
- (a) the person is connected or associated with C,
- (b) the person has a 25 per cent assessable interest in C in the case of the accounting period of C in which that time falls (within the meaning of paragraph 6(4C)), or
- (c) if C is a controlled foreign company in the accounting period in which that time falls by virtue of subsection (1A) of section 747, the person is connected or associated with either or both of the two persons mentioned in that subsection.
- (3) In the case of a company which is within the charge to United Kingdom tax only because it carries on a trade in the United Kingdom through a permanent establishment there—
- (a) for the purposes of paragraph 12J(3)(b), the activities carried on by the company are such of the activities as are carried on through that establishment,
- (b) for the purposes of paragraph 12L(2)(a), the income derived from that company is such of the income so derived as is attributable to that establishment, and
- (c) for the purposes of paragraph 12L(2)(b), the income of that company is such of its income as is attributable to that establishment.
## Part 3A — Exempt Periods
### Introductory
##### 15A
The provisions of this Part of this Schedule have effect for the purposes of section 748(1)(f).
### Beginning of exempt period
##### 15B
- (1) An exempt period begins in relation to a company (“X”) at a time (“*the relevant time*”) when—
- (a) X is resident outside the United Kingdom,
- (b) X is controlled by persons resident in the United Kingdom,
- (c) there is at least one relevant UK corporate investor in X, and
- (d) the requirements of paragraph 15C or 15D are met.
- (2) There is a “relevant UK corporate investor in X” at a particular time if, at that time, there is a company which—
- (a) is resident in the United Kingdom, and
- (b) would, on the assumptions set out in sub-paragraph (3), be a company to which an apportionment of X's chargeable profits for the relevant accounting period would fall to be made in circumstances where section 747(5) would not prevent tax being chargeable on the company under section 747(4).
- (3) The assumptions are—
- (a) X has chargeable profits for the relevant accounting period,
- (b) an apportionment of those profits falls to be made under section 747(3) for that period, and
- (c) no reduction of those profits arises under section 751A, 751AA or 751AB.
- (4) “*The relevant accounting period*” means the accounting period of X in which the time mentioned in sub-paragraph (2) falls.
##### 15C
- (1) The requirements of this paragraph are that—
- (a) no company was, at any time before the relevant time, a relevant UK corporate investor in X,
- (b) no asset owned by X, or part of the business carried on by X, at the relevant time was previously owned, or carried on, by a company which—
- (i) was under the control of persons resident in the United Kingdom at any time it owned the asset or carried on the part of the business, and
- (ii) is or has been related to X,
- (c) condition A, B, C or D is met, and
- (d) no disqualifying relevant transaction occurs (see paragraph 15E).
- (2) Condition A is that, immediately before the relevant time, X—
- (a) was in existence, but
- (b) was not a member of the same group of companies as any person who, at the relevant time, was a controlling UK person.
- (3) Condition B is that—
- (a) at the relevant time X is controlled by a company which is resident in the United Kingdom, and
- (b) immediately before that time, X was controlled by that same company but that company was not then resident in the United Kingdom.
- (4) Condition C is that—
- (a) at the relevant time—
- (i) X is controlled by a company which is resident in the United Kingdom (“the intermediate parent”), and
- (ii) the intermediate parent is controlled by a company which is not resident in the United Kingdom (“the parent”), and
- (b) immediately before that time X was controlled by the parent but not the intermediate parent.
- (5) Condition D is that X—
- (a) is a controlled foreign company at the time it is formed, and
- (b) is formed by one or more persons for the purpose of controlling one or more companies in circumstances where it is expected that an exempt period will begin in relation to one or more of those companies at the time when X begins to control the company or companies.
- (6) In this paragraph “*controlling UK person*” means a person resident in the United Kingdom who alone, or together with other such persons, controls X.
##### 15D
- (1) The requirements of this paragraph are that—
- (a) the relevant time falls after 23 March 2011,
- (b) X has an accounting period during which 23 March 2011 falls,
- (c) no company was, at any time during that accounting period, a relevant UK corporate investor in X,
- (d) no company was, immediately before the relevant time, a relevant UK corporate investor in X,
- (e) at the relevant time X is controlled by a company which—
- (i) is resident in the United Kingdom, and
- (ii) is not under the control of another body corporate, or two or more other bodies corporate taken together, and
- (f) no disqualifying relevant transaction occurs (see paragraph 15E).
- (2) In determining for the purposes of sub-paragraph (1)(e)(ii) whether a company is under the control of two or more bodies corporate taken together, a body corporate which holds less than 10% of the issued ordinary shares of that company is to be disregarded.
- (3) For the purposes of sub-paragraph (2), a body corporate is treated as holding any shares held by persons who are connected or associated with the body corporate.
### Disqualifying relevant transactions
##### 15E
- (1) This paragraph applies for the purposes of paragraph 15C and 15D.
- (2) A disqualifying relevant transaction occurs if—
- (a) a relevant transaction occurs at the relevant time (whether or not the transaction occurs pursuant to an agreement entered into by X before that time), or
- (b) a relevant transaction occurs on or after 9 December 2010 but before the relevant time and that transaction forms part of an avoidance scheme.
- (3) “*Relevant transaction*” means—
- (a) the making by X of a loan or advance of an amount (other than a negligible amount) to a person who, at the time it is made, is related to X and subject to United Kingdom tax,
- (b) an increase (other than an increase of a negligible amount) in the amount of an existing loan or advance made by X to a person who, at the time of the increase, is related to X and subject to United Kingdom tax,
- (c) a change in the terms or conditions of an existing loan or advance made by X where—
- (i) the loan or advance is to a person who, at the time the change is made, is related to X and subject to United Kingdom tax, and
- (ii) the change has an effect (other than a negligible effect) on the amount of interest payable, or
- (d) a transaction to which sub-paragraph (4) applies.
- (4) This sub-paragraph applies to a transaction if—
- (a) it is referable to an activity carried on by X as part, or the whole, of any non-exempt activities carried on by X,
- (b) the results of the transaction are reflected in the profits arising in an accounting period of X and are not negligible in value, and
- (c) the results of the transaction alone, or together with the results of one or more other transactions, achieves a reduction in United Kingdom tax.
- (5) A transaction achieves, or two or more transactions together achieve, a reduction in United Kingdom tax if, had the transaction or transactions not been effected, any person—
- (a) would have been liable for any such tax or for a greater amount of any such tax, or
- (b) would not have been entitled to a relief from or repayment of any such tax or would have been entitled to a smaller relief from or repayment of any such tax.
- (6) In this paragraph—
- “*avoidance scheme*” means a scheme the main purpose, or one of the main purposes, of any party to which in entering into the scheme is to secure that section 748(1)(f) prevents an apportionment falling to be made under section 747(3) as regards an accounting period, or accounting periods, of X;
- “*non-exempt activities*” has the meaning given by paragraph 12D(2);
- “*scheme*” means any scheme, arrangements or understanding of any kind whatever, whether or not legally enforceable, involving one or more transactions;
- “*United Kingdom tax*” means corporation tax (or any tax chargeable as if it were corporation tax) or income tax.
### Ending of exempt period
##### 15F
- (1) An exempt period ends on the expiry of the period of 24 months which begins immediately after the first accounting period of X to end after the relevant time, unless sub-paragraph (2) applies.
- (2) If an early termination event occurs after the relevant time but before the time the exempt period would end under sub-paragraph (1), the exempt period ends immediately before that event.
- (3) An early termination event occurs if and when—
- (a) a relevant transaction occurs, whether or not the transaction occurs pursuant to an agreement entered into by X before that time, or
- (b) where the exempt period began because Condition D was met, X's business does not consist wholly in the holding of shares of companies which X controls, together with activities incidental to the holding of such shares.
### Interpretation of Part 3A
##### 15G
- (1) In this Part of this Schedule—
- “*group*” means a company and any other companies it controls;
- “*the relevant time*” has the meaning given by paragraph 15B;
- “*relevant transaction*” has the meaning given by paragraph 15E;
- “*relevant UK corporate investor in X*” has the meaning given by paragraph 15B(2);
- “*X*” is to be construed in accordance with paragraph 15B.
- (2) For the purposes of this Part of this Schedule a person is “related” to X at a particular time if—
- (a) the person is connected or associated with X at that time,
- (b) the person has a 25 per cent assessable interest in X in the case of the accounting period in which that time falls (within the meaning of paragraph 6(4C)), or
- (c) if X is a controlled foreign company in the accounting period in which that time falls by virtue of subsection (1A) of section 747, the person is connected or associated with either or both of the two persons mentioned in that subsection.
### Application of this Schedule in relation to umbrella funds and funds comprising more than one class of interest
##### 21
- (1) The Treasury may make provision by regulations as to the application of the provisions of this Schedule in relation to—
- (a) a part of an umbrella fund which is treated as an offshore fund under section 756B, or
- (b) a class of interest in an offshore fund which is treated as an offshore fund under section 756C.
- (2) Regulations under this paragraph may—
- (a) make different provision for different cases, and
- (b) include such supplementary, incidental, consequential or transitional provisions (including provisions modifying the effect of other enactments) as appear to the Treasury to be necessary or expedient.
## Part 3 — Supplementary
### Application of this Schedule in relation to umbrella funds and funds comprising more than one class of interest
##### 9
- (1) The Treasury may make provision by regulations as to the application of the provisions of this Schedule in relation to—
- (a) a part of an umbrella fund which is treated as an offshore fund under section 756B, or
- (b) a class of interest in an offshore fund which is treated as an offshore fund under section 756C.
- (2) Regulations under this paragraph may—
- (a) make different provision for different cases, and
- (b) include such supplementary, incidental, consequential or transitional provisions (including provisions modifying the effect of other enactments) as appear to the Treasury to be necessary or expedient.
## Schedule 28A
## Part I — Significant increase in company capital
### General
##### 1
The provisions referred to in section 768B(2) for determining whether there is a significant increase in the amount of a company’s capital after a change in the ownership of the company are as follows.
### The basic rule
##### 2
There is a significant increase in the amount of a company’s capital if amount B—
- (a) exceeds amount A by at least £1 million; or
- (b) is at least twice amount A.
### Amount A
##### 3
- (1) Amount A is the lower of—
- (a) the amount of the company’s capital immediately before the change in the ownership; and
- (b) the highest 60 day minimum amount for the pre-change year, found in accordance with sub-paragraphs (2) to (6) below.
- (2) Find the daily amounts of the company’s capital over the pre-change year.
- (3) Take the highest of the daily amounts.
- (4) Find out whether there was in the pre-change year a period of 60 days or more in which there was no daily amount lower than the amount taken.
- (5) If there was, the amount taken is the highest 60 day minimum amount for the pre-change year.
- (6) If there was not, take the next highest of the daily amounts and repeat the process in sub-paragraph (4) above; and so on, until the highest 60 day minimum amount for the pre-change year is found.
- (7) In this Part of this Schedule “*the pre-change year*” means the period of one year ending immediately before the change in the ownership of the company in question.
### Amount B
##### 4
- (1) Amount B is the highest 60 day minimum amount for the post-change period (finding that amount for that period in the same way as the highest 60 day minimum amount for the pre-change year is found).
- (2) In this paragraph “*the post-change period*” means the period of three years beginning with the change in the ownership of the company in question.
### Capital and amounts of capital
##### 5
- (1) The capital of a company consists of the aggregate of—
- (a) the amount of the paid up share capital of the company;
- (b) the amount outstanding of any debts incurred by the company which are of a description mentioned in any of paragraphs (a) to (c) of section 417(7); and
- (c) the amount outstanding of any redeemable loan capital issued by the company.
- (2) For the purposes of sub-paragraph (1) above—
- (a) the amount of the paid up share capital includes any amount in the share premium account of the company (construing “share premium account” in the same way as in section 130 of the Companies Act 1985); and
- (b) the amount outstanding of any debts includes any interest due on the debts.
- (3) Amounts of capital shall be expressed in sterling and rounded up to the nearest pound.
## Part II — Amounts in issue for purposes of section 768B
##### 6
The amounts in issue referred to in section 768B(4)(c) are—
- (a) the amount of any expenses of management referable to the accounting period (within the meaning of section 75) being divided, except any such expenses as would (apart from section 768B) be deductible in computing profits otherwise than under section 75;
- (b) the amount of any charges which are paid in that accounting period wholly and exclusively for the purposes of the company’s business;
- (c) the amount of any excess carried forward under section 75(9) to the accounting period being divided;
- (d) the amount of any allowances falling to be made for that accounting period by virtue of section 253 of the Capital Allowances Act which would (apart from section 768B) be added to the expenses of management for that accounting period by virtue of section 75(7);
- (da) the amount (if any) of the adjusted Case III profits and gains or non-trading deficit of the company for that accounting period (other than one within sub-paragraph (dc) below) ;
- (db) the amount of any non-trading debit (other than one within sub-paragraph . . . (dd) below) that falls to be brought into account for that accounting period for the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships) in respect of any debtor relationship of the company;
- (dc) the amount of any non-trading deficit carried forward to that accounting period under section 83(3A) of the Finance Act 1996 (carried forward deficit not set off against profits);
- (dd) the amount of any non-trading debit given for that accounting period by paragraph 13 of Schedule 15 to the Finance Act 1996 (transitional adjustment for past interest) in respect of any debtor relationship of the company;
- (de) the amount of any non-trading credits or debits in respect of intangible fixed assets that fall to be brought into account for that period under paragraph 34 of Schedule 29 to the Finance Act 2002;
- (df) the amount of any non-trading loss on intangible fixed assets carried forward to that accounting period under paragraph 35(3) of that Schedule;
- (e) any other amounts by reference to which the profits or losses of that accounting period would (apart from section 768B) be calculated.
##### 6A
For the purposes of paragraph 6(da) above, the amount for any accounting period of the adjusted Case III profits and gains or non-trading deficit of a company is the amount which, as the case may be, would be—
- (a) the amount of the profits and gains chargeable under Case III of Schedule D as profits and gains arising from the company’s loan relationships, or
- (b) the amount of the company’s non-trading deficit on those relationships for that period,
if, in computing that amount, amounts for that period falling within paragraph 6(db) to (dd) above were disregarded.
## Part III — Apportionment for purposes of section 768B
##### 7
- (1) Subject to paragraph 8 below, the apportionment required by section 768B(4)(c) shall be made—
- (a) in the case of the sums mentioned in paragraph 6(a) above, by apportioning to each accounting period the amounts that would fall to be brought into account in that period as such sums, if it were a period of account for which accounts were drawn up in accordance with generally accepted accounting practice;
- (aa) in the case of the charges mentioned in paragraph 6(b) above, by reference to the time when the charge is due to be paid;
- (b) in the case of the excess mentioned in paragraph 6(c) above, or in the case of the non-trading deficit mentioned in paragraph 6(dc) above, by apportioning the whole amount of the excess or, as the case may be, of the deficit to the first part of the accounting period being divided;
- (c) in the case of the amounts mentioned in paragraph 6(d) , (da) and (e) above, by reference to the respective lengths of the parts of the accounting period being divided;
- (d) in the case of any such debit as—
- (i) is mentioned in paragraph 6(db) above,
- (ii) falls to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 in accordance with an amortised cost basis of accounting, . . .
- (iii) so falls to be brought into account otherwise than on the assumption, specified in paragraph 2(2) of Schedule 9 to that Act, that the interest to which it relates does not accrue until it is paid , and
- (iv) so falls to be brought into account without any adjustment under paragraph 17 or 18 of that Schedule (debit relating to amount of discount referable to the relevant accounting period to be brought into account instead for the accounting period in which the security is redeemed),
by reference to the time of accrual of the amount to which the debit relates;
- (e) in the case of any such debit as—
- (i) is mentioned in paragraph 6(db) above,
- (ii) falls to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 in accordance with an amortised cost basis of accounting, . . . and
- (iii) so falls to be brought into account—
- — on the assumption mentioned in paragraph (d)(iii) above, or
- — with such an adjustment as is mentioned in paragraph (d)(iv) above,
by apportioning the whole amount of the debit to the first part of the accounting period being divided;
- (f) in the case of any such debit as is mentioned in paragraph 6(dd) above, by apportioning the whole amount of the debit to the first part of the accounting period being divided.
- (g) in the case of any such credit or debit as is mentioned in paragraph 6(de), by apportioning to each accounting period the credits or debits that would fall to be brought into account in that period if it were a period of account for which accounts were drawn up in accordance with generally accepted accounting practice;
- (h) in the case of any such loss as is mentioned in paragraph 6(df) above, by apportioning the whole amount of the loss to the first part of the accounting period being divided.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 8
If it appears that any method of apportionment given by paragraph 7 above would work unreasonably or unjustly for any case for which it is given, such other method shall be used for that case as appears just and reasonable.
## Part IV — Excess overdue interest
### Introductory
##### 9
- (1) This paragraph has effect in a case to which section 768B applies for determining the debits to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships) for—
- (a) the accounting period beginning immediately after the change in the ownership of the company; and
- (b) any subsequent accounting period.
- (2) The debits so brought into account shall not include the debits falling within paragraph 11 below to the extent (if at all) that the aggregate of—
- (a) the amount of those debits, and
- (b) the amount of any debits falling within that paragraph which have been brought into account for the purposes of that Chapter for any previous accounting period ending after the change in the ownership,
exceeds the profits for the accounting period ending with the change in the ownership.
- (3) The reference in sub-paragraph (2) above to the profits is a reference to profits after making all deductions and giving all reliefs that for the purposes of corporation tax are made or given against the profits, including deductions and reliefs which under any provision are treated as reducing them for those purposes.
### The rules
##### 10
- (1) This paragraph has effect in a case to which section 768C applies for determining the debits to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships) for—
- (a) the accounting period beginning immediately after the change in the ownership of the relevant company; and
- (b) any subsequent accounting period.
- (2) The debits so brought into account for any such accounting period shall not include the debits falling within paragraph 11 below to the extent (if at all) that the amount of those debits exceeds the modified total profits for the accounting period.
- (3) The reference in sub-paragraph (2) above to the modified total profits for an accounting period is a reference to the total profits for that period—
- (a) reduced, if that period is the period in which the relevant gain accrues, by an amount equal to the amount of the total profits for that period which represents the relevant gain; and
- (b) after making all deductions and giving all reliefs that for the purposes of corporation tax are made or given against the profits, including deductions and reliefs which under any provision are treated as reducing them for those purposes, other than any reduction by virtue of paragraph 1(2) of Schedule 8 to the Finance Act 1996.
- (4) Where by virtue of sub-paragraph (2) above a debit is to any extent not brought into account for an accounting period, that debit may (to that extent) be brought into account for the next accounting period, but this is subject to the application of sub-paragraphs (1) to (3) above to that next accounting period.
##### 11
- (1) A debit falls within this paragraph if it is a non-trading debit which—
- (a) falls to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 in accordance with an amortised cost basis of accounting;
- (b) so falls to be brought into account—
- (i) with an adjustment under paragraph 17 or 18 of Schedule 9 to that Act (debit relating to amount of discount referable to the relevant accounting period to be brought into account instead for the accounting period in which the security is redeemed); or
- (ii) on the assumption, specified in sub-paragraph (2) of paragraph 2 of that Schedule, that the interest to which it relates does not accrue until it is paid; and
- (c) apart from paragraphs 2(2), 17 and 18 of that Schedule, would have fallen to be brought into account for those purposes for an accounting period ending before or with the change in the ownership of the company or, as the case may be, the relevant company.
- (2) The debits that fall within this paragraph also include—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) any non-trading debit given by paragraph 13 of Schedule 15 to the Finance Act 1996 (transitional adjustment for past interest) in respect of any debtor relationship of the company or, as the case may be, the relevant company.
- (3) The debits that fall within this paragraph also include any non-trading debit which—
- (a) is not such a debit as is mentioned in sub-paragraph (1) or (2) above;
- (b) is a debit in respect of a debtor relationship of the company or, as the case may be, the relevant company;
- (c) falls to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 in accordance with an amortised cost basis of accounting; and
- (d) relates to an amount that accrued before the change in the ownership of that company.
- (4) In this paragraph “*post-change accounting period*” means the accounting period beginning immediately after the change in the ownership of the company or, as the case may be, the relevant company.
##### 12
Expressions used both in this Part of this Schedule and in Chapter II of Part IV of the Finance Act 1996 have the same meanings in this Part of this Schedule as in that Chapter.
## Part IV — Disallowed debits
##### 9A
- (1) This paragraph has effect in any case to which section 768B applies where the non-trading deficit mentioned in paragraph 6(dc) above is apportioned by paragraph 7(b) above to the first part of the accounting period being divided.
- (2) In any such case, none of that non-trading deficit shall be carried forward to—
- (a) the accounting period beginning immediately after the change in the ownership of the company, or
- (b) any subsequent accounting period.
##### 10A
- (1) This paragraph has effect in any case to which section 768C applies where the non-trading deficit mentioned in paragraph 13(1)(ec) below is apportioned by paragraph 16(1)(b) below to the first part of the accounting period being divided.
- (2) In any such case, none of that non-trading deficit shall be carried forward to—
- (a) the accounting period beginning immediately after the change in the ownership of the company, or
- (b) any subsequent accounting period.
## Part V — Amounts in issue for purposes of section 768C
##### 13
- (1) The amounts in issue referred to in section 768C(3)(c) are—
- (a) the amount which would in accordance with the relevant provisions of the 1992 Act (and apart from section 768C) be included in respect of chargeable gains in the total profits for the accounting period being divided;
- (b) the amount of any expenses of management referable to the accounting period (within the meaning of section 75) being divided except any such expenses as would (apart from section 768C) be deductible in computing total profits otherwise than under section 75;
- (c) the amount of any charges which are paid in that accounting period wholly and exclusively for the purposes of the company’s business;
- (d) the amount of any excess carried forward under section 75(9) to the accounting period being divided;
- (e) the amount of any allowances falling to be made for that accounting period by virtue of section 253 of the Capital Allowances Act which would (apart from section 768C) be added to the expenses of management for that accounting period by virtue of section 75(7);
- (ea) the amount (if any) of the adjusted Case III profits and gains or non-trading deficit of the company for that accounting period (other than one within paragraph (ec) below);
- (eb) the amount of any non-trading debit (other than one within paragraph . . . (ed) below) that falls to be brought into account for that accounting period for the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships) in respect of any debtor relationship of the company;
- (ec) the amount of any non-trading deficit carried forward to that accounting period under section 83(3A) of the Finance Act 1996 (carried forward deficit not set off against profits);
- (ed) the amount of any non-trading debit given for that accounting period by paragraph 13 of Schedule 15 to the Finance Act 1996 (transitional adjustment for past interest) in respect of any debtor relationship of the company;
- (ee) the amount of any non-trading credits or debits in respect of intangible fixed assets that fall to be brought into account for that period under paragraph 34 of Schedule 29 to the Finance Act 2002;
- (ef) the amount of any non-trading loss on intangible fixed assets carried forward to that accounting period under paragraph 35(3) of that Schedule; and
- (f) any other amounts by reference to which the profits or losses of the accounting period being divided would (apart from section 768C) be calculated.
- (2) In sub-paragraph (1)(a) above “*the relevant provisions of the 1992 Act*” means section 8(1) of and Schedule 7A to that Act.
##### 13A
Paragraph 6A above shall apply for the purposes of paragraph 13(1)(ea) above as it applies for the purposes of paragraph 6(da) above.
## Part VI — Apportionment for purposes of section 768C
##### 14
The apportionment required by section 768C(3)(c) shall be made as follows.
##### 15
In the case of the amount mentioned in paragraph 13(1)(a) above—
- (a) if it does not exceed the amount of the relevant gain, the whole of it shall be apportioned to the second part of the accounting period being divided;
- (b) if it exceeds the amount of the relevant gain, the excess shall be apportioned to the first part of the accounting period being divided and the relevant gain shall be apportioned to the second part.
##### 16
- (1) Subject to paragraph 17 below, the apportionment shall be made—
- (a) in the case of the sums mentioned in paragraph 13(1)(b) above, by apportioning to each accounting period the amounts that would fall to be brought into account in that period as such sums, if it were a period of account for which accounts were drawn up in accordance with generally accepted accounting practice;
- (aa) in the case of the charges mentioned in paragraph 13(1)(c) above, by reference to the time when the charge is due to be paid;
- (b) in the case of the excess mentioned in paragraph 13(1)(d) above, or in the case of the non-trading deficit mentioned in paragraph 13(1)(ec) above, by apportioning the whole amount of the excess or, as the case may be, of the deficit to the first part of the accounting period being divided;
- (c) in the case of the amounts mentioned in paragraph 13(1)(e) , (ea) and (f) above, by reference to the respective lengths of the parts of the accounting period being divided;
- (d) in the case of any such debit as—
- (i) is mentioned in paragraph 13(1)(eb) above,
- (ii) falls to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 in accordance with an amortised cost basis of accounting, . . .
- (iii) so falls to be brought into account otherwise than on the assumption, specified in paragraph 2(2) of Schedule 9 to that Act, that the interest to which it relates does not accrue until it is paid , and
- (iv) so falls to be brought into account without any adjustment under paragraph 17 or 18 of that Schedule (debit relating to amount of discount referable to the relevant accounting period to be brought into account instead for the accounting period in which the security is redeemed),
by reference to the time of accrual of the amount to which the debit relates;
- (e) in the case of any such debit as—
- (i) is mentioned in paragraph 13(1)(eb) above,
- (ii) falls to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 in accordance with an amortised cost basis of accounting, . . . and
- (iii) so falls to brought into account—
- — on the assumption mentioned in paragraph (d)(iii) above, or
- — with such an adjustment as is mentioned in paragraph (d)(iv) above,
by apportioning the whole amount of the debit to the first part of the accounting period being divided;
- (f) in the case of any such debit as is mentioned in paragraph 13(1)(ed) above, by apportioning the whole amount of the debit to the first part of the accounting period being divided;
- (g) in the case of any such credit or debit as is mentioned in paragraph 13(ee), by apportioning to each accounting period the credits or debits that would fall to be brought into account in that period if it were a period of account for which accounts were drawn up in accordance with generally accepted accounting practice;
- (h) in the case of any such loss as is mentioned in paragraph 13(ef), by apportioning the whole amount of the loss to the first part of the accounting period being divided.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 17
If it appears that any method of apportionment given by paragraph 16 above would work unreasonably or unjustly for any case for which it is given, such other method shall be used for that case as appears just and reasonable.
## SCHEDULE 28AA
### Basic rule on transfer pricing etc.
##### 1
- (1) This Schedule applies where—
- (a) provision (“the actual provision") has been made or imposed as between any two persons (“the affected persons") by means of a transaction or series of transactions, and
- (b) at the time of the making or imposition of the actual provision—
- (i) one of the affected persons was directly or indirectly participating in the management, control or capital of the other; or
- (ii) the same person or persons was or were directly or indirectly participating in the management, control or capital of each of the affected persons.
- (2) Subject to paragraphs 5A, 5B, 8, 10 and 13 below, if the actual provision—
- (a) differs from the provision (“the arm"s length provision’) which would have been made as between independent enterprises, and
- (b) confers a potential advantage in relation to United Kingdom taxation on one of the affected persons, or (whether or not the same advantage) on each of them,
the profits and losses of the potentially advantaged person or, as the case may be, of each of the potentially advantaged persons shall be computed for tax purposes as if the arm’s length provision had been made or imposed instead of the actual provision.
- (3) For the purposes of this Schedule the cases in which provision made or imposed as between any two persons is to be taken to differ from the provision that would have been made as between independent enterprises shall include the case in which provision is made or imposed as between any two persons but no provision would have been made as between independent enterprises; and references in this Schedule to the arm’s length provision shall be construed accordingly.
### Provision in relation to securities: determination of arm’s length provision
##### 1A
- (1) This paragraph applies where—
- (a) both of the affected persons are companies, and
- (b) the actual provision is provision in relation to a security issued by one of those companies (“the issuing company”).
- (2) Paragraph 1(2)(a) above shall be construed as requiring account to be taken of all factors, including—
- (a) the question whether the loan would have been made at all in the absence of the special relationship (see sub-paragraph (6) below),
- (b) the amount which the loan would have been in the absence of the special relationship, and
- (c) the rate of interest and other terms which would have been agreed in the absence of the special relationship,
but this is subject to the following provisions of this paragraph.
- (3) In a case where—
- (a) a company makes a loan to another company with which it has a special relationship, and
- (b) it is not part of the first company’s business to make loans generally,
the fact that it is not part of the first company’s business to make loans generally shall be disregarded in construing sub-paragraph (2) above.
- (4) Paragraph 1(2)(a) above shall be construed as requiring no account to be taken, in the determination of any of the matters mentioned in sub-paragraph (5) below, of (or of any inference capable of being drawn from) any guarantee provided by a company with which the issuing company has a participatory relationship (see sub-paragraphs (7) and (8) below).
- (5) The matters are—
- (a) the appropriate level or extent of the issuing company’s overall indebtedness;
- (b) whether it might be expected that the issuing company and a particular person would have become parties to a transaction involving the issue of a security by the issuing company or the making of a loan, or a loan of a particular amount, to the issuing company;
- (c) the rate of interest and other terms that might be expected to be applicable in any particular case to such a transaction.
- (6) In this paragraph “*special relationship*” means any relationship by virtue of which the condition in paragraph 1(1)(b) above is satisfied in the case of the affected persons.
- (7) In this paragraph any reference to a guarantee includes a reference to a surety and to any other relationship, arrangements, connection or understanding (whether formal or informal) such that the person making the loan to the issuing company has a reasonable expectation that in the event of a default by the issuing company he will be paid by, or out of the assets of, one or more companies.
- (8) For the purposes of this paragraph, the cases where one company has a “*participatory relationship*”with another are those where—
- (a) one of them is directly or indirectly participating in the management, control or capital of the other; or
- (b) the same person or persons is or are directly or indirectly participating in the management, control or capital of each of them.
- (9) In this paragraph “*security*” includes securities not creating or evidencing a charge on assets.
- (10) For the purposes of this paragraph—
- (a) interest payable by a company on money advanced without the issue of a security for the advance, or
- (b) other consideration given by a company for the use of money so advanced,
shall be treated as if payable or given in respect of a security issued for the advance by the company, and references in this paragraph to a security shall be construed accordingly.
### Guarantees etc
##### 1B
- (1) This paragraph applies where the actual provision is made or imposed by means of a series of transactions which include—
- (a) the issuing of a security by a company which is one of the affected persons (“the issuing company”), and
- (b) the provision of a guarantee by a company which is the other of those persons.
- (2) Paragraph 1(2)(a) above shall be construed as requiring account to be taken of all factors, including—
- (a) the question whether the guarantee would have been provided at all in the absence of the special relationship,
- (b) the amount that would have been guaranteed in the absence of the special relationship, and
- (c) the consideration for the guarantee and other terms which would have been agreed in the absence of the special relationship,
but this is subject to the following provisions of this paragraph.
- (3) In a case where—
- (a) a company provides a guarantee in respect of another company with which it has a special relationship, and
- (b) it is not part of the first company’s business to provide guarantees generally,
the fact that it is not part of the first company’s business to provide guarantees generally shall be disregarded in construing sub-paragraph (2) above.
- (4) Paragraph 1(2)(a) above shall be construed as requiring no account to be taken, in the determination of any of the matters mentioned in sub-paragraph (5) below, of (or of any inference capable of being drawn from) any guarantee provided by a company with which the issuing company has a participatory relationship.
- (5) The matters are—
- (a) the appropriate level or extent of the issuing company’s overall indebtedness;
- (b) whether it might be expected that the issuing company and a particular person would have become parties to a transaction involving the issue of a security by the issuing company or the making of a loan, or a loan of a particular amount, to the issuing company;
- (c) the rate of interest and other terms that might be expected to be applicable in any particular case to such a transaction.
- (6) The following provisions of paragraph 1A above also apply for the purposes of this paragraph—
- (a) sub-paragraph (6) (meaning of special relationship);
- (b) sub-paragraph (7) (construction of references to a guarantee);
- (c) sub-paragraph (8) (meaning of participatory relationship);
- (d) sub-paragraph (9) (meaning of security);
- (e) sub-paragraph (10) (extended meaning of security).
### Principles for construing rules in accordance with OECD principles
##### 2
- (1) This Schedule shall be construed (subject to paragraphs 8 to 11 below) in such manner as best secures consistency between—
- (a) the effect given to paragraph 1 above; and
- (b) the effect which, in accordance with the transfer pricing guidelines, is to be given, in cases where double taxation arrangements incorporate the whole or any part of the OECD model, to so much of the arrangements as does so.
- (2) In this paragraph “*the OECD model*” means—
- (a) the rules which, at the passing of this Act, were contained in Article 9 of the Model Tax Convention on Income and on Capital published by the Organisation for Economic Co-operation and Development; or
- (b) any rules in the same or equivalent terms.
- (3) In this paragraph “*the transfer pricing guidelines*” means—
- (a) all the documents published by the Organisation for Economic Co-operation and Development, at any time before 1st May 1998, as part of their Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations; and
- (b) such documents published by that Organisation on or after that date as may for the purposes of this Schedule be designated, by an order made by the Treasury, as comprised in the transfer pricing guidelines.
### Meaning of “transaction" and “series of transactions"
##### 3
- (1) In this Schedule “*transaction*” includes arrangements, understandings and mutual practices (whether or not they are, or are intended to be, legally enforceable).
- (2) References in this Schedule to a series of transactions include references to a number of transactions each entered into (whether or not one after the other) in pursuance of, or in relation to, the same arrangement.
- (3) A series of transactions shall not be prevented by reason only of one or more of the matters mentioned in sub-paragraph (4) below from being regarded for the purposes of this Schedule as a series of transactions by means of which provision has been made or imposed as between any two persons.
- (4) Those matters are—
- (a) that there is no transaction in the series to which both those persons are parties;
- (b) that the parties to any arrangement in pursuance of which the transactions in the series are entered into do not include one or both of those persons; and
- (c) that there is one or more transactions in the series to which neither of those persons is a party.
- (5) In this paragraph, “*arrangement*” means any scheme or arrangement of any kind (whether or not it is, or is intended to be, legally enforceable).
### Participation in the management, control or capital of a person
##### 4
- (1) For the purposes of this Schedule a person is directly participating in the management, control or capital of another person at a particular time if, and only if, that other person is at that time—
- (a) a body corporate or a partnership; and
- (b) controlled by the first person.
- (2) For the purposes of this Schedule a person (“*the potential participant*”) is indirectly participating in the management, control or capital of another person at a particular time if, and (subject to paragraphs 4A and 6(4C) below) only if—
- (a) he would be taken to be directly so participating at that time if the rights and powers attributed to him included all the rights and powers mentioned in sub-paragraph (3) below that are not already attributed to him for the purposes of sub-paragraph (1) above; or
- (b) he is, at that time, one of a number of major participants in that other person’s enterprise.
- (3) The rights and powers referred to in sub-paragraph (2)(a) above are—
- (a) rights and powers which the potential participant is entitled to acquire at a future date or which he will, at a future date, become entitled to acquire;
- (b) rights and powers of persons other than the potential participant to the extent that they are rights or powers falling within sub-paragraph (4) below;
- (c) rights and powers of any person with whom the potential participant is connected; and
- (d) rights and powers which for the purposes of sub-paragraph (2)(a) above would be attributed to a person with whom the potential participant is connected if that connected person were himself the potential participant.
- (4) Rights and powers fall within this sub-paragraph to the extent that they—
- (a) are required, or may be required, to be exercised in any one or more of the following ways, that is to say—
- (i) on behalf of the potential participant;
- (ii) under the direction of the potential participant; or
- (iii) for the benefit of the potential participant;
and
- (b) are not confined, in a case where a loan has been made by one person to another, to rights and powers conferred in relation to property of the borrower by the terms of any security relating to the loan.
- (5) In sub-paragraphs (3)(b) to (d) and (4) above, the references to a person’s rights and powers include references to any rights or powers which he either—
- (a) is entitled to acquire at a future date, or
- (b) will, at a future date, become entitled to acquire.
- (6) In paragraph (d) of sub-paragraph (3) above, the reference to rights and powers which would be attributed to a connected person if he were the potential participant includes a reference to rights and powers which, by applying that paragraph wherever one person is connected with another, would be so attributed to him through a number of persons each of whom is connected with at least one of the others.
- (7) For the purposes of this paragraph a person (“*the potential major participant*”) is a major participant in another person’s enterprise at a particular time if at that time—
- (a) that other person (“*the subordinate*”) is a body corporate or partnership; and
- (b) the 40 per cent. test is satisfied in the case of each of two persons who, taken together, control the subordinate and of whom one is the potential major participant.
- (8) For the purposes of this paragraph the 40 per cent. test is satisfied in the case of each of two persons wherever each of them has interests, rights and powers representing at least 40 per cent. of the holdings, rights and powers in respect of which the pair of them fall to be taken as controlling the subordinate.
- (9) For the purposes of this paragraph—
- (a) the question whether a person is controlled by any two or more persons taken together, and
- (b) any question whether the 40 per cent. test is satisfied in the case of a person who is one of two persons,
shall be determined after attributing to each of the persons all the rights and powers attributed to a potential participant for the purposes of sub-paragraph (2)(a) above.
- (10) References in this paragraph—
- (a) to rights and powers of a person, or
- (b) to rights and powers which a person is or will become entitled to acquire,
include references to rights or powers which are exercisable by that person, or (when acquired by that person) will be exercisable, only jointly with one or more other persons.
- (11) For the purposes of this paragraph two persons are connected with each other if—
- (a) one of them is an individual and the other is his spouse or civil partner, a relative of his or of his spouse or civil partner, or the spouse or civil partner of such a relative; or
- (b) one of them is a trustee of a settlement and the other is—
- (i) a person who in relation to that settlement is a settlor; or
- (ii) a person who is connected with a person falling within sub-paragraph (i) above.
- (12) In sub-paragraph (11) above—
- “*relative*” means brother, sister, ancestor or lineal descendant; and
- “*settlement*” and “*settlor*” have the same meanings as in section 620 of ITTOIA 2005.
### Persons acting together in relation to financing arrangements
##### 4A
- (1) A person (“P”) shall be treated for the purposes of paragraph 1(1)(b)(i) above (but subject to sub-paragraph (7) below) as indirectly participating in the management, control or capital of another (“A”) at the time of the making or imposition of the actual provision if—
- (a) the actual provision relates, to any extent, to financing arrangements for A;
- (b) A is a body corporate or partnership;
- (c) P and other persons acted together in relation to the financing arrangements; and
- (d) P would be taken to have control of A if, at any relevant time, there were attributed to P the rights and powers of each of the other persons mentioned in paragraph (c) above.
- (2) A person (“Q”) shall be treated for the purposes of paragraph 1(1)(b)(ii) above (but subject to sub-paragraph (7) below) as indirectly participating in the management, control or capital of each of the affected persons at the time of the making or imposition of the actual provision if—
- (a) the actual provision relates, to any extent, to financing arrangements for one of the affected persons (“B”);
- (b) B is a body corporate or partnership;
- (c) Q and other persons acted together in relation to the financing arrangements; and
- (d) Q would be taken to have control of both B and the other affected person if, at any relevant time, there were attributed to Q the rights and powers of each of the other persons mentioned in paragraph (c) above.
- (3) It is immaterial for the purposes of sub-paragraph (1)(c) or (2)(c) above whether P or Q and the other persons acting together in relation to the financing arrangements did so at the time of the making or imposition of the actual provision or at some earlier time.
- (4) In sub-paragraph (1)(d) or (2)(d) “*relevant time*” means—
- (a) a time when P or Q and the other persons were acting together in relation to the financing arrangements; or
- (b) a time in the period of six months beginning with the day on which they ceased so to act.
- (5) In determining for the purposes of sub-paragraph (1)(d) or (2)(d) whether P or Q would be taken to have control of another person, the rights and powers of any person (and not just P or Q) shall be taken to include those that would be attributed to that person in determining under paragraph 4 above whether he is indirectly participating in the management, control or capital of the other person.
- (6) In this paragraph “*financing arrangements*” means arrangements made for providing or guaranteeing, or otherwise in connection with, any debt, capital or other form of finance.
- (7) Where the condition in paragraph 1(1)(b) above would not be satisfied but for this paragraph, paragraph 1(2) above applies only to the extent that the actual provision relates to the financing arrangements in question.
### Financing arrangements: anticipatory provision
##### 4B
- (1) To the extent that it applies to provision relating to financing arrangements, this Schedule has effect as if in paragraph 1(1)(b) above the words “or within the period of six months beginning with the day on which the actual provision was made or imposed” were inserted immediately before sub-paragraph (i).
- (2) In this paragraph “*financing arrangements*” has the same meaning as in paragraph 4A above.
### Advantage in relation to United Kingdom taxation
##### 5
- (1) For the purposes of this Schedule . . . the actual provision confers a potential advantage on a person in relation to United Kingdom taxation wherever, disregarding this Schedule, the effect of making or imposing the actual provision, instead of the arm’s length provision, would be one or both of the following, that is to say—
- (a) that a smaller amount (which may be nil) would be taken for tax purposes to be the amount of that person’s profits for any chargeable period; or
- (b) that a larger amount (or, if there would not otherwise have been losses, any amount of more than nil) would be taken for tax purposes to be the amount for any chargeable period of any losses of that person.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (7) In determining for the purposes of sub-paragraph (1) above the amount that would be taken for tax purposes to be the amount of the profits or losses for a year of assessment in the case of a person who is not resident in the United Kingdom, there shall be left out of account any income of that person which is—
- (a) disregarded income within the meaning given by section 813 of ITA 2007 (limits on liability to income tax of non-UK residents), or
- (b) disregarded company income within the meaning given by section 816 of that Act.
### Exemption for dormant companies
##### 5A
- (1) Paragraph 1(2) above does not apply in computing for any chargeable period the profits and losses of a potentially advantaged person if that person is a company which satisfies the condition in sub-paragraph (2) below.
- (2) The condition is that—
- (a) the company was dormant throughout the pre-qualifying period, and
- (b) apart from paragraph 1 above, the company has continued to be dormant at all times since the end of the pre-qualifying period.
- (3) In sub-paragraph (2) above “*the pre-qualifying period*” means—
- (a) if there is an accounting period of the company that ends on 31st March 2004, that accounting period, or
- (b) if there is no such accounting period, the period of 3 months ending with that date.
- (4) In this paragraph “*dormant*” has the same meaning as in section 249AA of the Companies Act 1985 (see subsections (4) to (7) of that section).
### Exemption for small or medium-sized enterprises
##### 5B
- (1) Paragraph 1(2) above does not apply in computing for any chargeable period the profits and losses of a potentially advantaged person if that person is a small or medium-sized enterprise for that chargeable period (see paragraph 5D below).
- (2) Exceptions to sub-paragraph (1) above are provided—
- (a) in the case of a small enterprise, by sub-paragraphs (3) and (4) below, and
- (b) in the case of a medium-sized enterprise, by sub-paragraphs (3) and (4) and paragraph 5C below.
- (3) The first exception is where the small or medium-sized enterprise elects for sub-paragraph (1) above not to apply in relation to the chargeable period.
Any such election is irrevocable.
- (4) The second exception is where, at the time when the actual provision is or was made or imposed,—
- (a) the other affected person, or
- (b) a party to a relevant transaction (see sub-paragraph (5) below),
is a resident (see sub-paragraph (6) below) of a non-qualifying territory (whether or not that person is also a resident of a qualifying territory).
- (5) For the purposes of sub-paragraph (4) above, a “party to a relevant transaction” is a person who, in a case where the actual provision is or was imposed by means of a series of transactions, is or was a party to one or more of those transactions.
- (6) In this paragraph “*resident*”, in relation to a territory,—
- (a) means a person who, under the laws of that territory, is liable to tax there by reason of his domicile, residence or place of management, but
- (b) does not include a person who is liable to tax in that territory in respect only of income from sources in that territory or capital situated there.
- (7) The definitions of “qualifying territory” and “non-qualifying territory” are in paragraph 5E below.
### Additional provisions for medium-sized enterprises
##### 5C
- (1) Paragraph 5B(1) above does not apply as respects any provision made or imposed if—
- (a) the potentially advantaged person in question is a medium-sized enterprise for the chargeable period in question, and
- (b) the Board gives that person a notice under this sub-paragraph (a “*transfer pricing notice*”) requiring him to compute the profits and losses of that chargeable period in accordance with paragraph 1(2) above in the case of that provision.
- (2) A transfer pricing notice may be given in respect of —
- (a) any provision specified, or of a description specified, in the notice, or
- (b) every provision in relation to which the assumption in paragraph 1(2) above would fall to be made apart from paragraph 5B(1) above.
- (3) A transfer pricing notice may be given only after a notice of enquiry has been given to the potentially advantaged person in respect of his tax return for the chargeable period.
- (4) A transfer pricing notice must identify the officer of the Board to whom any notice of appeal under this paragraph is to be given.
- (5) A person to whom a transfer pricing notice is given may appeal against the decision to give the notice, but only on the grounds that the condition in sub-paragraph (1)(a) above is not satisfied.
- (6) Any such appeal must be brought by giving written notice of appeal to the officer of the Board identified for the purpose in the transfer pricing notice in accordance with sub-paragraph (4) above.
- (7) The notice of appeal must be given before the end of the period of 30 days beginning with the day on which the transfer pricing notice is given.
- (8) A person to whom a transfer pricing notice is given may amend his tax return for the purpose of complying with the notice at any time before the end of the period of 90 days beginning with—
- (a) the day on which the notice is given, or
- (b) if he appeals against the notice, the day on which the appeal is finally determined or abandoned.
- (9) Where a transfer pricing notice is given in the case of any tax return, no closure notice may be given in relation to that tax return until—
- (a) the end of the period of 90 days specified in sub-paragraph (8) above, or
- (b) the earlier amendment of the tax return for the purpose of complying with the notice.
- (10) So far as relating to any provision made or imposed by or in relation to a person—
- (a) who is a medium-sized enterprise for a chargeable period,
- (b) who does not make an election under paragraph 5B(3) above for that period, and
- (c) who is not excepted from paragraph 5B(1) above by virtue of paragraph 5B(4) above in relation to that provision for that period,
the tax return required to be made for that period is a return that disregards paragraph 1(2) above.
- (11) Sub-paragraph (10) above does not prevent a tax return for a period becoming incorrect if, in the case of any provision made or imposed,—
- (a) a transfer pricing notice is given which has effect in relation to that provision for that period,
- (b) the return is not amended in accordance with sub-paragraph (8) above for the purpose of complying with the notice, and
- (c) the return ought to have been so amended.
- (12) In this paragraph—
- “*closure notice*” means a notice under—section 28A or 28B of the Management Act, orparagraph 32 of Schedule 18 to the Finance Act 1998;
- “*company tax return*” means the return required to be delivered pursuant to a notice under paragraph 3 of Schedule 18 to the Finance Act 1998, as read with paragraph 4 of that Schedule;
- “*notice of enquiry*” means a notice under—section 9A or 12AC of the Management Act, orparagraph 24 of Schedule 18 to the Finance Act 1998;
- “*tax return*” means—a return under section 8, 8A or 12AA of the Management Act, ora company tax return.
### Meaning of “small enterprise” and “medium-sized enterprise”
##### 5D
- (1) In this Schedule—
- (a) “*small enterprise*” means a small enterprise as defined in the Annex to the Commission Recommendation,
- (b) “*medium-sized enterprise*” means an enterprise which—
- (i) falls within the category of micro, small and medium-sized enterprises as defined in that Annex, and
- (ii) is not a small enterprise as defined in that Annex,
but for these purposes that Annex has effect with the modifications set out in sub-paragraphs (3) to (6) of this paragraph.
- (2) In this paragraph—
- “*the Annex*” means the Annex to the Commission Recommendation;
- “*the Commission Recommendation*” means Commission Recommendation 2003/361/EC of 6th May 2003 (concerning the definition of micro, small and medium-sized enterprises).
- (3) Where any enterprise is in liquidation or administration, the rights of the liquidator or administrator (in that capacity) shall be left out of account when applying Article 3(3)(b) of the Annex in determining for the purposes of this Schedule whether—
- (a) that enterprise, or
- (b) any other enterprise (including that of the liquidator or administrator),
is a small or medium-sized enterprise.
- (4) Article 3 of the Annex shall have effect with the omission of paragraph 5 (declaration in good faith where control cannot be determined etc).
- (5) The first sentence of Article 4(1) of the Annex shall have effect as if the data to apply to—
- (a) the headcount of staff, and
- (b) the financial amounts,
were the data relating to the chargeable period in paragraph 5B(1) above (instead of the period described in that sentence) and calculated on an annual basis.
- (6) Article 4 of the Annex shall have effect with the omission of the following provisions—
- (a) the second sentence of paragraph 1 (data to be taken into account from date of closure of accounts);
- (b) paragraph 2 (no change of status unless ceilings exceeded for two consecutive periods);
- (c) paragraph 3 (bona fide estimate in case of newly established enterprise).
### Meaning of “qualifying territory” and “non-qualifying territory”
##### 5E
- (1) In this Schedule—
- “*non-qualifying territory*” means any territory which is not a qualifying territory;
- “*qualifying territory*” means—the United Kingdom, orany territory as respects which Condition 1 or Condition 2 below is satisfied.
- (2) Condition 1 is that—
- (a) arrangements to which section 788 applies (double taxation relief by agreement with other territories) have been made in relation to the territory;
- (b) those arrangements contain a non-discrimination provision (see sub-paragraphs (4) and (5) below); and
- (c) the territory is not designated as a non-qualifying territory for the purposes of this sub-paragraph in regulations made by the Treasury.
- (3) Condition 2 is that—
- (a) arrangements to which section 788 applies have been made in relation to the territory; and
- (b) the territory is designated as a qualifying territory for the purposes of this sub-paragraph in regulations made by the Treasury.
- (4) For the purposes of this paragraph a “*non-discrimination provision*”, in relation to any arrangement to which section 788 applies, is a provision to the effect that nationals of a state which is a party to those arrangements (a “contracting state”) are not to be subject in any other contracting state to—
- (a) any taxation, or
- (b) any requirement connected with taxation,
which is other or more burdensome than the taxation and connected requirements to which nationals of that other state in the same circumstances (in particular with respect to residence) are or may be subjected.
- (5) In this paragraph, “*national*”, in relation to a contracting state, includes—
- (a) any individual possessing the nationality or citizenship of the contracting state,
- (b) any legal person, partnership or association deriving its status as such from the laws in force in that contracting state.
- (6) A statutory instrument containing regulations under this paragraph shall not be made unless a draft of the instrument has been laid before, and approved by a resolution of, the House of Commons.
### Elimination of double counting
##### 6
- (1) This paragraph applies where—
- (a) only one of the affected persons (“the advantaged person”) is a person on whom a potential advantage in relation to United Kingdom taxation is conferred by the actual provision; and
- (b) the other affected person (“the disadvantaged person”) is within the charge to income tax or corporation tax in respect of profits arising from the relevant activities.
- (2) Subject to sub-paragraphs (3) to (6) and paragraphs6C, 6D, 7 and 8 below, on the making of a claim by the disadvantaged person for the purposes of this paragraph—
- (a) the profits and losses of the disadvantaged person shall be computed for tax purposes as if the arm’s length provision had been made or imposed instead of the actual provision; and
- (b) notwithstanding any limit in the Tax Acts on the time within which any adjustment may be made, all such adjustments shall be made in his case as may be required to give effect to the assumption that the arm’s length provision was made or imposed instead of the actual provision.
- (3) A claim made by the disadvantaged person for the purposes of this paragraph—
- (a) shall not be made unless a computation has been made in the case of the advantaged person on the basis that the arm’s length provision was made or imposed instead of the actual provision; and
- (b) must be consistent with the computation made on that basis in the case of the advantaged person.
- (4) For the purposes of sub-paragraph (3) above a computation shall be taken to have been made in the case of the advantaged person on the basis that the arm’s length provision was made or imposed instead of the actual provision if, and only if—
- (a) the computations made for the purposes of any return by the advantaged person have been made on that basis by virtue of this Schedule; or
- (b) a relevant notice given to the advantaged person takes account of a determination in pursuance of this Schedule of an amount falling to be brought into account for tax purposes on that basis.
- (4A) A claim by the disadvantaged person for the purposes of this paragraph shall not be made where—
- (a) the condition in paragraph 1(1)(b) above would not be satisfied but for paragraph 4A above;
- (b) the actual provision is provision in relation to a security issued by one of the affected persons (“*the issuer*”);
- (c) a guarantee is provided in relation to the security by a person with whom the issuer has a participatory relationship.
In this sub-paragraph “*security*” and “*guarantee*” have the same meaning as in paragraph 1A above.
- (4B) For the purposes of sub-paragraph (4A) above, the cases where one person has a “*participatory relationship*” with another are those where—
- (a) one of them is directly or indirectly participating in the management, control or capital of the other; or
- (b) the same person or persons is or are directly or indirectly participating in the management, control or capital of each of them.
- (4C) Paragraph 4A above applies for the purposes of sub-paragraph (4B) above as it applies for the purposes of paragraph 1(1)(b) above.
- (5) Subject to section 111(3)(b) of the Finance Act 1998 (which provides for the extension of the period for making a claim), a claim for the purposes of this paragraph shall not be made except within one of the following periods—
- (a) in a case where a return has been made by the advantaged person on the basis mentioned in sub-paragraph (3)(a) above, the period of two years beginning with the day of the making of the return; and
- (b) in any case where a relevant notice taking account of such a determination as is mentioned in sub-paragraph (4)(b) above has been given to the advantaged person, the period of two years beginning with the day on which that notice was given.
- (6) Subject to section 111(3)(b) of the Finance Act 1998, where—
- (a) a claim for the purposes of this paragraph is made by the disadvantaged person in relation to a return made on the basis mentioned in sub-paragraph (3)(a) above, and
- (b) a relevant notice taking account of such a determination as is mentioned in sub-paragraph (4)(b) above is subsequently given to the advantaged person,
the disadvantaged person shall be entitled, within the period mentioned in sub-paragraph (5)(b) above, to make any such amendment of the claim as may be appropriate in consequence of the determination contained in that notice.
- (7) In this paragraph—
- “*relevant notice*” means—a closure notice under section 28A(1) or 28B(1) of the Management Act in relation to an enquiry into a return under section 8 or 8A of that Act or into a partnership return;a closure notice under paragraph 32 of Schedule 18 to the Finance Act 1998 in relation to an enquiry into a company tax return;a notice of an assessment under section 29 of the Management Act;a notice of any discovery assessment or discovery determination under paragraph 41 of Schedule 18 to the Finance Act 1998 (including any notice of an assessment by virtue of paragraph 52 of that Schedule);a notice under section 30B(1) of the Management Act amending a partnership return;
- “*return*” means any return required to be made under the Management Act or Schedule 18 to the Finance Act 1998 for income tax or corporation tax purposes or any voluntary amendment of such a return; and
- “*voluntary amendment*”, in relation to a return, means —an amendment under section 9ZA or 12ABA of the Management Act (amendment of personal, trustee or partnership return by taxpayer), oran amendment under Schedule 18 to the Finance Act 1998 other than one made in response to the giving of a relevant notice.
### Application of paragraph 6 in relation to transfers of trading stock etc
##### 6A
- (1) Paragraph 6(2)(a) above does not affect the credits to be brought into account by the disadvantaged person in respect of—
- (a) closing trading stock, or
- (b) closing work in progress in a trade,
for accounting periods ending on or after the last day of the relevant accounting period of the advantaged person.
- (2) For the purposes of sub-paragraph (1) above, the relevant accounting period of the advantaged person is the accounting period in which the actual provision was made or imposed.
- (3) For the purposes of this paragraph “*trading stock*”, in relation to any trade, has the same meaning as it has for the purposes of section 100 above (see subsection (2) of that section) or Chapter 12 of Part 2 of ITTOIA 2005 (see section 174 of that Act) (valuation of trading stock at discontinuance of trade).
### Compensating adjustment where advantaged person is a controlled foreign company
##### 6B
- (1) This paragraph applies in any case where—
- (a) the actual provision is provision made or imposed in relation to a controlled foreign company,
- (b) in determining for the purposes of Chapter 4 of Part 17 the amount of that company’s chargeable profits for an accounting period, its profits and losses fall to be computed in accordance with paragraph 1(2) above in the case of that provision,
- (c) the whole of those chargeable profits fall to be apportioned under section 747(3) to one or more companies resident in the United Kingdom, and
- (d) tax is chargeable by virtue of section 747(4) in respect of the whole of those chargeable profits, as so apportioned to those companies.
- (2) Where this paragraph applies, paragraph 6 above shall have effect as if the controlled foreign company were a person on whom a potential advantage in relation to United Kingdom taxation were conferred by the actual provision.
- (3) In the application of paragraph 6 above by virtue of this paragraph—
- (a) references to the advantaged person in sub-paragraphs (4)(a) and (b), (5)(a) and (b) and (6)(b) of that paragraph include a reference to any of the companies mentioned in sub-paragraph (1)(c) above, and
- (b) references to corporation tax include a reference to tax chargeable by virtue of section 747(4).
- (4) In this paragraph—
- “*controlled foreign company*” has the same meaning as in Chapter 4 of Part 17;
- “*accounting period*”, in relation to a controlled foreign company, has the same meaning as in Chapter 4 of Part 17.
### Claims under paragraph 6 where paragraph 1A applies
##### 6C
- (1) Where paragraph 1A above applies in relation to any provision, this paragraph has effect in relation to that provision.
- (2) A claim under paragraph 6(2) above may be made in accordance with this paragraph.
For the purposes of this Schedule a “paragraph 6C claim” is a claim under paragraph 6(2) above made in accordance with this paragraph.
- (3) A paragraph 6C claim may be made by—
- (a) the disadvantaged person, or
- (b) the advantaged person,
but any such claim made by the advantaged person shall be taken to be made on behalf of the disadvantaged person.
- (4) A paragraph 6C claim may be made before or after a computation falling within paragraph 6(3)(a) above has been made.
- (5) A paragraph 6C claim must be made either—
- (a) at any time before the end of the period mentioned in paragraph 6(5)(a) above, or
- (b) within the period mentioned in paragraph 6(5)(b) above,
but this is subject to section 111(3)(b) of the Finance Act 1998 (extension of period for making a claim).
- (6) A paragraph 6C claim is not a claim within paragraph 57 or 58 of Schedule 18 to the Finance Act 1998 (company tax returns, assessments and related matters).
Accordingly, paragraph 59 of that Schedule (application of Schedule 1A to the Management Act) has effect in relation to a paragraph 6C claim.
- (7) Where—
- (a) a paragraph 6C claim is made before a computation falling within paragraph 6(3)(a) above has been made,
- (b) such a computation is subsequently made, and
- (c) the claim is not consistent with the computation,
the affected persons shall be treated as if (instead of the claim actually made) a claim had been made that was consistent with the computation.
- (8) All such adjustments shall be made (whether by discharge or repayment of tax, the making of assessments or otherwise) as are required to give effect to sub-paragraph (7) above.
- (9) Sub-paragraph (8) above has effect notwithstanding any limit on the time within which any adjustment may be made.
- (10) Where—
- (a) a paragraph 6C claim is made,
- (b) a return is subsequently made by the advantaged person on the basis mentioned in paragraph 6(3)(a) above, and
- (c) a relevant notice (within the meaning of paragraph 6 above) taking account of such a determination as is mentioned in paragraph 6(4)(b) above is subsequently given to the advantaged person,
sub-paragraph (11) below applies.
- (11) Where this sub-paragraph applies, any such amendment of the paragraph 6C claim as may be appropriate in consequence of the determination contained in the relevant notice may be made by—
- (a) the disadvantaged person, or
- (b) the advantaged person,
but any such amendment made by the advantaged person shall be taken to be made on behalf of the disadvantaged person.
- (12) Any such amendment must be made within the period mentioned in paragraph 6(5)(b) above.
But that is subject to section 111(3)(b) of the Finance Act 1998 (extension of period for making amendment).
### Compensating adjustment for guarantor company etc where paragraph 1B applies
##### 6D
- (1) This paragraph applies in any case where—
- (a) a company (“the issuing company”) has liabilities under a security issued by the company,
- (b) those liabilities are to any extent the subject of a guarantee provided by a company (“the guarantor company”), and
- (c) in computing the profits and losses of the issuing company for tax purposes, the amounts to be deducted in respect of interest or other amounts payable under the security fall to be reduced (whether or not to nil) under paragraph 1(2) above by virtue of paragraph 1B above.
- (2) On the making of a claim in any such case, the guarantor company shall, to the extent of that reduction, be treated for all purposes of the Taxes Acts as if it (and not the issuing company)—
- (a) had issued the security,
- (b) owed the liabilities under it, and
- (c) had paid any interest or other amounts paid under it by the issuing company,
and in computing the profits and losses of the guarantor company for those purposes amounts shall be brought into account accordingly.
This sub-paragraph is subject to the following provisions of this paragraph.
- (3) Where the issuing company’s liabilities under the security are the subject of two or more guarantees (whether or not provided by the same person) TD must not exceed TR, where—
- TD is the total of the amounts brought into account by the guarantor companies by virtue of sub-paragraph (2) above, and
- TR is the total amount of the reductions that fall within sub-paragraph (1)(c) above.
- (4) In this paragraph “*the loan provision*” means the actual provision made or imposed between—
- (a) the issuing company, and
- (b) another company (“the lending company”),
which is provision in relation to the security.
- (5) Where—
- (a) the guarantor company makes a claim under sub-paragraph (2) above, and
- (b) the lending company makes a claim under paragraph 6 above in respect of the loan provision,
sub-paragraphs (6) and (7) below apply.
- (6) In determining, in a case where this sub-paragraph applies, the arm’s length provision for the purposes of paragraph 6(2)(a) above in relation to the lending company’s claim, additional amounts shall be brought into account as credits corresponding to the debits that fall to be brought into account by virtue of sub-paragraph (2) above in relation to the guarantor company.
- (7) If, in a case where this sub-paragraph applies,—
- (a) the lending company makes its claim under paragraph 6 above before the guarantor company makes its claim under sub-paragraph (2) above, and
- (b) the computation on which the lending company’s claim is based does not comply with sub-paragraph (6) above,
the guarantor company’s claim shall be disallowed.
- (8) A claim under sub-paragraph (2) above may be made by—
- (a) the guarantor company,
- (b) where there are two or more guarantor companies, those companies acting together, or
- (c) the issuing company,
but any claim made by the issuing company shall be taken to be made on behalf of the guarantor company or companies.
- (9) Sub-paragraphs (3) to (6) of paragraph 6 above (claims and time limits) shall apply in relation to a claim under sub-paragraph (2) above made by or on behalf of any person or persons as they apply in relation to a claim under that paragraph made by the disadvantaged person, but taking references in those sub-paragraphs—
- (a) to the advantaged person, as references to the issuing company, and
- (b) to the disadvantaged person, as references to the guarantor company or companies.
- (10) The following provisions of paragraph 1A above also apply for the purposes of this paragraph—
- (a) sub-paragraph (7) (construction of references to a guarantee);
- (b) sub-paragraph (9) (meaning of security);
- (c) sub-paragraph (10) (extended meaning of security).
- (11) In this paragraph “*the Taxes Acts*” has the meaning given in section 118(1) of the Management Act.
### Certain interest not to be regarded as chargeable under Case III of Schedule D
##### 6E
Where—
- (a) interest is paid by any person under the actual provision,
- (b) paragraph 1(2) above applies in relation to the actual provision,
- (c) the amount of interest that would have been payable under the arm’s length provision is less than the amount of interest paid under the actual provision (or there would not have been any interest payable),
- (d) the person receiving the interest makes a claim under paragraph 6 above or a paragraph 6C claim,
the interest paid under the actual provision, to the extent that it exceeds the amount of interest that would have been payable under the arm’s length provision, shall not be regarded as chargeable under Case III of Schedule D or Chapter 2 of Part 4 of ITTOIA 2005.
### Adjustment of disadvantaged person’s double taxation relief
##### 7
- (1) Subject to sub-paragraph (4) below, where—
- (a) a claim is made for the purposes of paragraph 6 above, and
- (b) the disadvantaged person is entitled, on that claim, to make a computation, or to have an adjustment made in his case, on the basis that the arm’s length provision was made or imposed instead of the actual provision,
the assumptions specified in sub-paragraph (2) below shall apply, in the disadvantaged person’s case, as respects any credit for foreign tax which the disadvantaged person has been or may be given in pursuance of any double taxation arrangements or under section 790(1).
- (2) Those assumptions are—
- (a) that the foreign tax paid or payable by the disadvantaged person does not include any amount of foreign tax which would not be or have become payable were it to be assumed for the purposes of that tax that the arm’s length provision had been made or imposed instead of the actual provision; and
- (b) that the amount of the relevant profits of the disadvantaged person in respect of which he is given credit for foreign tax does not include the amount (if any) by which his relevant profits are treated as reduced in accordance with paragraph 6 above.
- (3) Sub-paragraph (4) below applies if—
- (a) a claim is made for the purposes of paragraph 6 above;
- (b) the disadvantaged person is entitled, on that claim, to make a computation, or to have an adjustment made in his case, on the basis that the arm’s length provision was made or imposed instead of the actual provision;
- (c) the application of that basis in the computation of the disadvantaged person’s profits or losses for any chargeable period involves a reduction in the amount of any income; and
- (d) that income is also income that falls to be treated as reduced in accordance with section 811(1).
- (4) Where this sub-paragraph applies—
- (a) the reduction mentioned in sub-paragraph (3)(c) above shall be treated as made before any reduction under section 811(1); and
- (b) tax paid, in the place in which any income arises, on so much of that income as is represented by the amount of the reduction mentioned in sub-paragraph (3)(c) above shall be disregarded for the purposes of section 811(1).
- (5) Where, in a case in which a claim has been made for the purposes of paragraph 6 above, any adjustment is required to be made for the purpose of giving effect to any of the preceding provisions of this paragraph—
- (a) it may be made in any case by setting the amount of the adjustment against any relief or repayment to which the disadvantaged person is entitled in pursuance of that claim; and
- (b) nothing in the Tax Acts limiting the time within which any assessment is to be or may be made or amended shall prevent that adjustment from being so made.
- (6) References in this paragraph to relevant profits of the disadvantaged person are references to profits arising to the disadvantaged person from the carrying on of the relevant activities.
### Balancing payments between affected persons: no charge to, or relief from, tax
##### 7A
- (1) This paragraph applies where—
- (a) the circumstances are as described in paragraph 6(1) above,
- (b) one or more payments (the “balancing payments”) are made to the advantaged person by the disadvantaged person, and
- (c) the sole or main reason for making those payments is that paragraph 1(2) above applies.
- (2) To the extent that the balancing payments do not in the aggregate exceed the amount of the available compensating adjustment, those payments—
- (a) shall not be taken into account in computing profits or losses of either of the affected persons for the purposes of income tax or corporation tax, and
- (b) shall not for any of the purposes of the Corporation Tax Acts be regarded as distributions . . . .
- (3) In this paragraph “*the available compensating adjustment*” means the difference between PL1 and PL2 where—
- PL1 is the profits and losses of the disadvantaged person computed for tax purposes on the basis of the actual provision, and
- PL2 is the profits and losses of the disadvantaged person as they fall (or would fall) to be computed for tax purposes on a claim under paragraph 6 above,
### Securities: election to discharge tax liability instead of making balancing payments
##### 7B
- (1) This paragraph applies in any case where—
- (a) both of the affected persons are companies,
- (b) the circumstances are as described in paragraph 6(1) above, and
- (c) the actual provision is provision in relation to a security (the “relevant security”).
- (2) The disadvantaged person may make an election under this paragraph in respect of the relevant security if the condition in sub-paragraph (3) below is satisfied.
- (3) The condition is that—
- (a) the actual provision forms part of a capital market arrangement,
- (b) the capital market arrangement involves the issue of a capital market investment,
- (c) the securities that represent the capital market investment are issued wholly or mainly to independent persons (see sub-paragraph (9) below), and
- (d) the total value of the capital market investments made under the capital market arrangement is at least £50 million.
- (4) An election under this paragraph in respect of the relevant security is an election for the disadvantaged person—
- (a) to make no balancing payment within paragraph 7A above to the advantaged person in respect of the application of paragraph 1(2) above in relation to the relevant security in a chargeable period by virtue of paragraph 1A above, but
- (b) instead, to undertake sole responsibility for discharging the advantaged person’s liability to tax for that period so far as resulting from the application of paragraph 1(2) above in relation to the relevant security by virtue of paragraph 1A above.
- (5) Where an election under this paragraph has effect in relation to an accounting period of the advantaged person, the tax mentioned in sub-paragraph (4)(b) above—
- (a) shall be recoverable from the disadvantaged person as if it were an amount of corporation tax due and owing from that person, and
- (b) shall not be recoverable from the advantaged person.
- (6) Any election under this paragraph in respect of the relevant security—
- (a) must be made by being included (whether by amendment or otherwise) in the disadvantaged person’s company tax return for the chargeable period in which the relevant security is issued,
- (b) has effect in relation to each of the affected persons for the chargeable period in which the relevant security is issued and all subsequent chargeable periods, and
- (c) is irrevocable.
For the purposes of this sub-paragraph a security issued in a chargeable period beginning before 1st April 2004 shall be treated as if it had been issued in the chargeable period beginning on that date.
- (7) An election under this paragraph by a person is of no effect if the Board give that person a notice under this sub-paragraph refusing to accept the election.
- (8) A notice under sub-paragraph (7) above may be given only after a notice of enquiry in respect of the company tax return containing the election has been given to the disadvantaged person.
- (9) In this paragraph—
- “*capital market arrangement*” has the same meaning as in section 72B(1) of the Insolvency Act 1986 (see paragraph 1 of Schedule 2A to that Act);
- “*capital market investment*” has the same meaning as in section 72B(1) of the Insolvency Act 1986 (see paragraphs 2 and 3 of Schedule 2A to that Act);
- “*company tax return*” means the return required to be delivered pursuant to a notice under paragraph 3 of Schedule 18 to the Finance Act 1998, as read with paragraph 4 of that Schedule;
- “*independent person*” means a person—who is not the disadvantaged person, andwho does not have a participatory relationship with either of the affected persons.
- (10) The following provisions of paragraph 1A above also apply for the purposes of this paragraph—
- (a) sub-paragraph (8) (meaning of participatory relationship);
- (b) sub-paragraph (9) (meaning of security);
- (c) sub-paragraph (10) (extended meaning of security).
### Balancing payments by guarantor to issuer: no charge to, or relief from, tax
##### 7C
- (1) This paragraph applies in any case where—
- (a) the circumstances are as described in paragraph 6D(1) above,
- (b) one or more payments (the “balancing payments”) are made by the guarantor company to the issuing company, and
- (c) the sole or main reasons for making those payments are that paragraph 1(2) above applies by virtue of paragraph 1B above or that paragraph 6D above applies.
- (2) To the extent that the balancing payments made by all the guarantor companies do not in the aggregate exceed the amount TR in paragraph 6D(3) above (total reductions within paragraph 6D(1)(c) above), those payments—
- (a) shall not be taken into account in computing for the purposes of corporation tax the profits or losses of the guarantor company or companies or the issuing company, and
- (b) shall not for any purpose of the Corporation Tax Acts be regarded as distributions . . . .
### Guarantees: election to discharge tax liability instead of making balancing payments
##### 7D
- (1) This paragraph applies where the following conditions are satisfied—
- (a) both of the affected persons are companies,
- (b) the circumstances are as described in paragraph 6(1) above,
- (c) the actual provision falls within paragraph 1B(1) above.
- (2) Sub-paragraphs (2) to (8) of paragraph 7B above apply in a case where this paragraph applies as they apply in a case where that paragraph applies, but with the modifications in sub-paragraphs (3) and (4) below.
- (3) The relevant security is the security in paragraph 1B(1)(a) above.
- (4) In sub-paragraph (4) (nature of the election)—
- (a) for “paragraph 7A above” substitute paragraph 7C below;
- (b) for “paragraph 1A”, in both places, substitute paragraph 1B.
### Foreign exchange gains and losses and financial instruments
##### 8
- (1) Subject to sub-paragraph (3)and sub-paragraph (4) below, this Schedule shall not require the amounts brought into account in any person’s case under—
- (a) Chapter 2 of Part 4 of the Finance Act 1996 (loan relationships) in respect of exchange gains or losses from loan relationships (as defined in section 103(1A) and (1B) of that Act), or
- (b) Schedule 26 to the Finance Act 2002 (derivative contracts) in respect of exchange gains and losses (as defined in paragraph 54 of that Schedule),
to be computed in that person’s case on the assumption that the arm’s length provision had been made or imposed instead of the actual provision.
- (3) Sub-paragraph (1) above shall not affect so much of paragraph 11A of Schedule 9 to the Finance Act 1996 (loan relationships: exchange gains or losses where loan not on arm’s length terms) as has effect by reference to whether profits or losses fall to be computed by virtue of this Schedule as if the whole or any part of a loan had not been made.
- (4) Sub-paragraph (1) above shall not affect so much of paragraph 27 of Schedule 26 to the Finance Act 2002 (derivative contracts: exchange gains or losses where derivative contract not on arm’s length terms) as has effect by reference to whether profits or losses fall to be computed by virtue of this Schedule as if a company were not party to a derivative contract or as if the terms of the contract to which it is party were different.
### Special rules for sales etc. of oil
##### 9
- (1) Subject to paragraph 10 below, this paragraph applies to provision made or imposed by or in relation to the terms of a sale of oil if—
- (a) the oil sold is oil which has been, or is to be, extracted under rights exercisable by a company (“the producer") which (although it may be the seller) is not the buyer; and
- (b) at the time of the sale not less than 20 per cent. of the producer’s ordinary share capital is owned directly or indirectly by one or more of the following, that is to say, the buyer and the companies (if any) that are linked to the buyer.
- (2) Where this paragraph applies to provision made or imposed by or in relation to the terms of a sale of oil, this Schedule shall have effect as respects that provision as if the buyer, the seller and (if it is not the seller) the producer were all controlled by the same person at the time of the making or imposition of that provision.
- (3) For the purposes of this paragraph two companies are linked if—
- (a) one is under the control of the other; or
- (b) both are under the control of the same person or persons.
- (4) For the purposes of this paragraph—
- (a) any question whether ordinary share capital is owned directly or indirectly by a company shall be determined as for section 838;
- (b) rights to extract oil shall be taken to be exercisable by a company even if they are exercisable by that company only jointly with one or more other companies; and
- (c) a sale of oil shall be deemed to take place at the time of the completion of the sale or when possession of the oil passes, whichever is the earlier.
- (5) In this paragraph “*oil*” includes any mineral oil or relative hydrocarbon, as well as natural gas.
### Transactions and deemed transactions involving oil
##### 10
This Schedule does not apply in relation to provision made or imposed by means of any transaction or deemed transaction in the case of which the price or consideration is determined in accordance with any of subsections (1) to (4) of section 493 (transactions and deemed transactions involving oil treated as made at market value).
### Special provision for companies carrying on ring fence trades
##### 11
- (1) This paragraph applies where any person (“the taxpayer") carries on as, or as part of, a trade any activities (“the ring fence trade") which, in accordance with section 492(1) above or section 16(1) of ITTOIA 2005 either—
- (a) fall to be treated for any tax purposes as a separate trade, distinct from all other activities carried on by him as part of the trade; or
- (b) would so fall if the taxpayer did carry on any other activities as part of that trade.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) Subject to paragraph 10 above and sub-paragraph (4) below, this Schedule shall have effect as respects any provision made or imposed by the taxpayer as between the ring fence trade and any other activities carried on by him as if—
- (a) that trade and those activities were carried on by two different persons;
- (b) that provision were made or imposed as between those two persons by means of a transaction;
- (c) a potential advantage in relation to United Kingdom taxation were conferred by that provision on each of those two persons; and
- (d) those two persons were both controlled by the same person at the time of the making or imposition of that provision; . . .
- (e) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) This Schedule shall apply in accordance with this paragraph in relation to any provision mentioned in sub-paragraph . . . (3) above only where the effect of its application in relation to that provision is either—
- (a) that a larger amount (including, if there would not otherwise have been profits, an amount of more than nil) is taken for tax purposes to be the amount of the profits of the ring fence trade for any chargeable period; or
- (b) that a smaller amount (including nil) is taken for tax purposes to be the amount for any chargeable period of any losses of that trade.
### Appeals
##### 12
- (1) In so far as the question in dispute on any appeal falling within sub-paragraph (2) below—
- (a) is or involves a determination of whether this Schedule has effect as respects any provision made or imposed as between any two persons, or of how it so has effect, and
- (b) is not a question that would fall to be determined by the Special Commissioners apart from this sub-paragraph,
that question shall be determined by them.
- (2) The appeals falling within this sub-paragraph are—
- (a) any appeal under section 31 of, or Schedule 1A to, the Management Act;
- (b) any appeal under paragraph 34(3) of Schedule 18 to the Finance Act 1998 against an amendment of a company’s return; and
- (c) any appeal under paragraph 48 of that Schedule against a discovery assessment or a discovery determination.
- (3) Sub-paragraph (4) below applies where—
- (a) any such question as is mentioned in sub-paragraph (1) above falls to be determined by the Special Commissioners for the purposes of any proceedings before them; and
- (b) that question relates to any provision made or imposed as between two persons each of whom is within the charge to income tax or corporation tax in respect of profits arising from the relevant activities.
- (4) Where this sub-paragraph applies—
- (a) each of the persons as between whom the actual provision was made or imposed shall be entitled to appear and be heard by the Special Commissioners, or to make representations to them in writing;
- (b) the Special Commissioners shall determine that question separately from any other questions in those proceedings; and
- (c) their determination on that question shall have effect as if made in an appeal to which each of those persons was a party.
- (5) In this paragraph—
- “*discovery assessment*” means a discovery assessment under paragraph 41 of Schedule 18 to the Finance Act 1998 (including one by virtue of paragraph 52 of that Schedule); and
- “*discovery determination*” means a discovery determination under paragraph 41 of that Schedule.
### Saving for the provisions relating to capital allowances and capital gains
##### 13
- (1) Nothing in this Schedule shall be construed as affecting—
- (a) the computation of the amount of any capital allowance or balancing charge made under the Capital Allowances Act; or
- (b) the computation in accordance with the 1992 Act of the amount of any chargeable gain or allowable loss;
and nothing in this Schedule shall require the profits or losses of any person to be computed for tax purposes as if, in his case, instead of income or losses falling to be brought into account in connection with the taxation of income, there were gains or losses falling to be brought into account in accordance with the 1992 Act.
- (2) Nothing in sub-paragraph (1) above applies to paragraph 6 above.
### General interpretation etc.
##### 14
- (1) In this Schedule—
- “*the actual provision*” and “*the affected persons*” shall be construed in accordance with paragraph 1(1) above;
- “*the arm*”s length provision’ shall be construed in accordance with paragraph 1(2) and (3) above;
- “*double taxation arrangements*” means arrangements having effect by virtue of section 788;
- “*foreign tax*” means any tax under the law of a territory outside the United Kingdom or any amount which falls for the purposes of any double taxation arrangements to be treated as if it were such tax;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*losses*” includes amounts which are not losses but in respect of which relief may be given in accordance with any of the following enactments—section 75(9) (excess of management expenses);section 468L(5) (allowance for interest distributions of a unit trust);Part X (loss relief and group relief);section 83 of and Schedule 8 to the Finance Act 1996 or paragraph 4 of Schedule 11 to that Act (deficits on loan relationships);
- “*medium-sized enterprise*” shall be construed in accordance with paragraph 5D above;
- “*non-qualifying territory*” has the meaning given by paragraph 5E above;
- “*paragraph 6C claim*” has the meaning given by paragraph 6C(2) above;
- “*profits*” includes income;
- “*qualifying territory*” has the meaning given by paragraph 5E above;
- “*the relevant activities*”, in relation to a person who is one of the persons as between whom any provision is made or imposed, means such of his activities as—comprise the activities in the course of which, or with respect to which, that provision is made or imposed; andare not activities carried on either separately from those activities or for the purposes of a different part of that person’s business;
- “*small enterprise*” shall be construed in accordance with paragraph 5D above;
- “*transaction*” and “*series of transactions*” shall be construed in accordance with paragraph 3 above.
- (2) Without prejudice to paragraphs 9(2) and 11(3) above, references in this Schedule to a person controlling a body corporate or a partnership shall be construed in accordance with section 840.
- (3) In determining for the purposes of this Schedule whether a person has an entitlement, in pursuance of any double taxation arrangements or under section 790(1), to be given credit for foreign tax, any requirement that a claim is made before such a credit is given shall be disregarded.
- (4) Any adjustments required to be made by virtue of this Schedule may be made by way of discharge or repayment of tax, by the modification of any assessment or otherwise.
- (5) This Schedule shall have effect as if—
- (a) a unit trust scheme were a company that is a body corporate;
- (b) the rights of the unit holders under such a scheme were shares in the company that the scheme is deemed to be;
- (c) rights and powers of a person in the capacity of a person entitled to act for the purposes of the scheme were rights and powers of the scheme; and
- (d) provision made or imposed as between any person in such a capacity and another person were made or imposed as between the scheme and that other person.
## SCHEDULE 28AB
### Introductory
##### 1
- (1) A scheme or arrangement, other than a scheme or arrangement falling within sub-paragraph (3), is a prescribed scheme or arrangement if one or more of paragraphs 2 to 6 apply to it.
- (2) A scheme or arrangement falling within sub-paragraph (3) is a prescribed scheme or arrangement if one or more of paragraphs 2 to 6 would, on the assumption in sub-paragraph (4), apply to it.
- (3) A scheme or arrangement falls within this sub-paragraph if its main purpose, or one of its main purposes, is to cause an amount of underlying tax allowable in respect of a dividend paid by a body corporate resident in a territory outside the United Kingdom to be taken into account in the case of a person.
- (4) The assumption is that the body corporate is resident in the United Kingdom.
- (5) Nothing in sub-paragraph (4) requires it to be assumed that there is any change in the place or places at which the body corporate carries on its activities.
### Attribution of foreign tax
##### 2
This paragraph applies to a scheme or arrangement if the scheme or arrangement enables a person who is party to, or concerned in, the scheme or arrangement to pay, in respect of a source of income or chargeable gain, an amount of foreign tax all or part of which is properly attributable to another source of income or chargeable gain (or to more than one such other source).
### Effect of paying foreign tax
##### 3
- (1) This paragraph applies to a scheme or arrangement if, under the scheme or arrangement, sub-paragraph (2) is satisfied in relation to a person who has claimed, or is in a position to claim, for a chargeable period an allowance under any arrangements by way of credit for foreign tax (“*the claimant*”).
- (2) This sub-paragraph is satisfied if—
- (a) an amount of foreign tax is paid by the claimant, and
- (b) at the time when the claimant entered into the scheme or arrangement, it could reasonably be expected that the effect of the payment of that amount of foreign tax on the foreign tax total would be to increase it by less than the amount allowable to the claimant as a credit in respect of the payment of that amount of foreign tax.
- (3) The foreign tax total is the amount found by—
- (a) aggregating the amounts of foreign tax paid or payable in respect of the transaction or transactions forming part of the scheme or arrangement by persons party to, or concerned in, the scheme or arrangement, and
- (b) taking into account any reliefs, deductions, reductions or allowances against or in respect of any tax that arise to the persons party to, or concerned in, the scheme or arrangement (including any reliefs, deductions, reductions or allowances arising to any one or more of those persons as a consequence of the payment by the claimant of that amount of foreign tax).
### Effect of claim, election or other arrangement
##### 4
- (1) This paragraph applies to a scheme or arrangement if under the scheme or arrangement—
- (a) a step is taken by a person who is party to, or concerned in, the scheme or arrangement, or
- (b) a step that could have been taken by such a person is not taken,
and that action or that failure to act has the effect of increasing a claim made by a person who is party to, or concerned in, the scheme or arrangement for an allowance by way of credit in accordance with this Part or of giving rise to such a claim.
- (2) The steps mentioned in sub-paragraph (1) are steps that may be made—
- (a) under the law of any territory, or
- (b) under arrangements made in relation to any territory.
- (3) The steps mentioned in sub-paragraph (1) include—
- (a) claiming, or otherwise securing the benefit of, reliefs, deductions, reductions or allowances;
- (b) making elections for tax purposes.
### Effect attributable to scheme or arrangement
##### 5
- (1) This paragraph applies to a scheme or arrangement if, under the scheme or arrangement, sub-paragraph (2) is satisfied in relation to a person who has claimed, or is in a position to claim, for a chargeable period an allowance under any arrangements by way of credit for foreign tax.
- (2) This sub-paragraph is satisfied if amount A is less than amount B.
- (3) Amount A is the amount of United Kingdom taxes payable by the person in respect of income and chargeable gains arising in the chargeable period.
- (4) Amount B is the amount of United Kingdom taxes that would be payable by the person in respect of income and chargeable gains arising in the chargeable period if, in determining that amount, the transactions forming part of the scheme or arrangement were disregarded.
### Tax deductible payments
##### 6
- (1) This paragraph applies to a scheme or arrangement if the scheme or arrangement includes—
- (a) the making by a person (“A”) of a relevant payment or payments, and
- (b) the giving, in respect of that payment or payments, of consideration that satisfies the requirements of sub-paragraph (3).
- (2) A payment made by A is a relevant payment if all or part of it may be brought into account in computing A's income for the purposes of United Kingdom taxes.
- (3) Consideration given in respect of a payment or payments made by A satisfies the requirements of this sub-paragraph if—
- (a) all or part of it consists of a payment or payments made to A or a person connected with A, and
- (b) tax is chargeable in respect of the payment or payments under the law of a territory outside the United Kingdom.
- (4) In this paragraph references to a payment include references to a transfer of money's worth.
- (5) Section 839 applies for the purposes of this paragraph.
## SCHEDULE 28B
### Introductory
##### 1
- (1) This Schedule applies, where any shares in or securities of any company (“the relevant company”) are at any time held by another company (“the trust company”), for determining whether and to what extent those shares or securities (“the relevant holding”) are, for the purposes of section 842AA, to be regarded as at that time comprised in the trust company’s qualifying holdings.
- (2) The relevant holding shall be regarded as comprised in the trust company’s qualifying holdings at any time if—
- (a) all the requirements of the following provisions of this Schedule are satisfied at that time in relation to the relevant company and the relevant holding; and
- (b) the relevant holding consists of shares or securities which were first issued by the relevant company to the trust company and have been held by the trust company ever since.
- (3) Subject to paragraph 6(3) below, where the requirements of paragraph 6 or 7 below would be satisfied as to only part of the money raised by the issue of the relevant holding and that holding is not otherwise capable of being treated as comprising separate holdings, this Schedule shall have effect in relation to that holding as if it were two holdings consisting of—
- (a) a holding from which that part of the money was raised; and
- (b) a holding from which the remainder was raised;
and section 842AA shall have effect as if the value of the holding were to be apportioned accordingly between the two holdings which are deemed to exist in pursuance of this sub-paragraph.
### Requirement that company must be unquoted company
##### 2
- (1) The requirement of this paragraph is that the relevant company (whether or not it is resident in the United Kingdom) must be an unquoted company.
- (2) In this paragraph “*unquoted company*” means a company none of whose shares, stocks, debentures or other securities is marketed to the general public.
- (3) For the purposes of this paragraph shares, stocks, debentures or other securities are marketed to the general public if they are—
- (a) listed on a recognised stock exchange,
- (b) listed on a designated exchange in a country outside the United Kingdom, or
- (c) dealt in on the Unlisted Securities Market or dealt in outside the United Kingdom by such means as may be designated.
- (4) In sub-paragraph (3) above “*designated*” means designated by an order made by the Board for the purposes of that sub-paragraph; and an order made for the purposes of paragraph (b) of that sub-paragraph may designate an exchange by name, or by reference to any class or description of exchanges, including a class or description framed by reference to any authority or approval given in a country outside the United Kingdom.
- (5) Section 828(1) does not apply to an order made for the purposes of sub-paragraph (3) above.
- (6) Where a company any shares in or securities of which are included in the qualifying holdings of the trust company ceases at any time while the trust company is approved as a venture capital trust to be an unquoted company, the requirements of this paragraph shall be deemed, in relation to shares or securities acquired by the trust company before that time, to continue to be satisfied for a period of five years after that time.
### Requirements as to company’s business
##### 3
- (1) The requirements of this paragraph are as follows.
- (2) The relevant company must be one of the following, that is to say—
- (a) a company which exists wholly for the purpose of carrying on one or more qualifying trades or which so exists apart from purposes capable of having no significant effect (other than in relation to incidental matters) on the extent of the company’s activities; or
- (aa) the parent company of a trading group.
- (3) Subject to sub-paragraph (4) below, when the relevant holding was issued and at all times since, a qualifying company (whether or not the same such company at every such time) must have been either—
- (a) carrying on a qualifying trade wholly or mainly in the United Kingdom; or
- (b) preparing to carry on a qualifying trade which at the time when the relevant holding was issued was intended to be carried on wholly or mainly in the United Kingdom by a qualifying company,
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) The requirements of sub-paragraph (3) above shall not be capable of being satisfied by virtue of paragraph (b) of that sub-paragraph at any time after the end of the period of two years beginning with the issue of the relevant holding unless—
- (a) the intended trade was begun to be carried on by a qualifying company before the end of that period, and
- (b) at all times since the end of that period, a qualifying company (whether or not the same such company at every such time) has been carrying on a qualifying trade wholly or mainly in the United Kingdom.
- (5) The requirements of that sub-paragraph shall also be incapable of being so satisfied at any time after the abandonment, within the period mentioned in sub-paragraph (4) above, of the intention in question.
- (5A) In sub-paragraphs (3) and (4) above, “*qualifying company*” means the relevant company or any relevant qualifying subsidiary of that company.
- (5B) In determining for the purposes of sub-paragraph (4)(a) above when the intended trade was begun to be carried on by a qualifying company which is a relevant qualifying subsidiary of the relevant company there shall be disregarded any carrying on of the trade by it before it became such a subsidiary of the relevant company.
- (6) For the purposes of this paragraph a company is the parent company of a trading group if—
- (a) it has one or more subsidiaries;
- (b) each of its subsidiaries is a qualifying subsidiary of the company; and
- (c) the requirements of sub-paragraph (7) below are fulfilled by what would be the business of the company and its qualifying subsidiaries if all the activities, taken together, of the company and its qualifying subsidiaries were regarded as one business.
- (7) A business fulfils the requirements of this sub-paragraph if neither the business nor a substantial part of it consists in, or in either of, the following, that is to say—
- (a) activities falling within paragraph 4(2)(a) to (f) below but not within sub-paragraph (8) below; and
- (b) activities carried on otherwise than in the course of a trade.
- (8) The activities falling within this sub-paragraph are—
- (a) the receiving of royalties or licence fees in circumstances where the requirement mentioned in paragraph 4(5) below is satisfied in relation to the company receiving them;
- (b) the letting of ships, other than offshore installations or pleasure craft, on charter in circumstances where the requirements mentioned in paragraphs (a) to (d) of paragraph 4(7) below are satisfied in relation to the company so letting them.
- (9) Activities of a company or of any of its qualifying subsidiaries shall be disregarded for the purposes of sub-paragraphs (6) to (8) above to the extent that they consist in—
- (a) the holding of shares in or securities of, or the making of loans to, one or more of the company’s qualifying subsidiaries; or
- (b) the holding and managing of property used by the company or any of its qualifying subsidiaries for the purposes of—
- (i) research and development from which it is intended that a qualifying trade to be carried on by the company or any of its qualifying subsidiaries will be derived; or
- (ii) one or more qualifying trades so carried on.
- (10) Activities of a qualifying subsidiary of a company shall also be disregarded for the purposes of sub-paragraphs (6) to (8) above to the extent that they consist in—
- (a) the making of loans to the company; or
- (b) in the case of a mainly trading subsidiary, activities carried on in pursuance of its insignificant purposes (within the meaning given by sub-paragraph (11) below).
- (11) In sub-paragraph (10) above “*mainly trading subsidiary*” means a qualifying subsidiary which, apart from purposes (“*its insignificant purposes*”) which are capable of having no significant effect (other than in relation to incidental matters) on the extent of its activities, exists wholly for the purpose of carrying on one or more qualifying trades.
### Meaning of “qualifying trade”
##### 4
- (1) For the purposes of this Schedule—
- (a) a trade is a qualifying trade if it is a trade complying with this paragraph; and
- (b) the carrying on of any activities of research and development from which it is intended that there will be derived a trade that—
- (i) will comply with this paragraph, and
- (ii) will be carried on wholly or mainly in the United Kingdom,
shall be treated as the carrying on of a qualifying trade.
- (2) Subject to sub-paragraphs (3) to (9) below, a trade complies with this paragraph if neither that trade nor a substantial part of it consists in one or more of the following activities, that is to say—
- (a) dealing in land, in commodities or futures or in shares, securities or other financial instruments;
- (b) dealing in goods otherwise than in the course of an ordinary trade of wholesale or retail distribution;
- (c) banking, insurance, money-lending, debt-factoring, hire-purchase financing or other financial activities;
- (d) leasing (including letting ships on charter or other assets on hire) or receiving royalties or licence fees;
- (e) providing legal or accountancy services;
- (ea) property development;
- (eb) farming or market gardening;
- (ec) holding, managing or occupying woodlands, any other forestry activities or timber production;
- (ed) operating or managing hotels or comparable establishments, or managing property used as an hotel or comparable establishment;
- (ee) operating or managing nursing homes or residential care homes, or managing property used as a nursing home or residential care home;
- (f) providing services or facilities for any such trade carried on by another person (not being a company of which the company providing the services or facilities is a subsidiary) as—
- (i) consists, to a substantial extent, in activities within any of paragraphs (a) to (ee) above; and
- (ii) is a trade in which a controlling interest is held by a person who also has a controlling interest in the trade carried on by the company providing the services or facilities.
- (3) For the purposes of sub-paragraph (2)(b) above—
- (a) a trade of wholesale distribution is one in which the goods are offered for sale and sold to persons for resale by them, or for processing and resale by them, to members of the general public for their use or consumption;
- (b) a trade of retail distribution is one in which the goods are offered for sale and sold to members of the general public for their use or consumption; and
- (c) a trade is not an ordinary trade of wholesale or retail distribution if—
- (i) it consists, to a substantial extent, in dealing in goods of a kind which are collected or held as an investment, or in that activity and any other activity of a kind falling within sub-paragraph (2)(a) to (f) above, taken together; and
- (ii) a substantial proportion of those goods are held by the company for a period which is significantly longer than the period for which a vendor would reasonably be expected to hold them while endeavouring to dispose of them at their market value.
- (3A) For the purposes of this Schedule the activities of a person shall not be taken to fall within paragraph (ed) or (ee) of sub-paragraph (2) above except where that person has an estate or interest in, or is in occupation of, the hotels or comparable establishments or, as the case may be, the nursing homes or residential care homes.
- (4) In determining for the purposes of this paragraph whether a trade carried on by any person is an ordinary trade of wholesale or retail distribution, regard shall be had to the extent to which it has the following features, that is to say—
- (a) the goods are bought by that person in quantities larger than those in which he sells them;
- (b) the goods are bought and sold by that person in different markets;
- (c) that person employs staff and incurs expenses in the trade in addition to the cost of the goods and, in the case of a trade carried on by a company, to any remuneration paid to any person connected with it;
- (d) there are purchases or sales from or to persons who are connected with that person;
- (e) purchases are matched with forward sales or vice versa;
- (f) the goods are held by that person for longer than is normal for goods of the kind in question;
- (g) the trade is carried on otherwise than at a place or places commonly used for wholesale or retail trade;
- (h) that person does not take physical possession of the goods;
and for the purposes of this sub-paragraph the features specified in paragraphs (a) to (c) above shall be regarded as indications that the trade is such an ordinary trade and those in paragraphs (d) to (h) above shall be regarded as indications of the contrary.
- (5) A trade shall not be treated as failing to comply with this paragraph by reason only that it consists to a substantial extent in the receiving of royalties or licence fees if the royalties and licence fees (or all but for a part that is not a substantial part in terms of value) are attributable to the exploitation of relevant intangible assets.
- (6) For this purpose an intangible asset is a “*relevant intangible asset*” if the whole or greater part (in terms of value) of it has been created—
- (a) by the company carrying on the trade, or
- (b) by a company which at all times during which it created the intangible asset was—
- (i) the parent company of the company carrying on the trade, or
- (ii) a qualifying subsidiary of that parent company.
- (6A) In the case of a relevant asset that is intellectual property, references in sub-paragraph (6) above to the creation of the asset by a company are to its creation in circumstances in which the right to exploit it vests in the company (whether alone or jointly with others).
- (6B) For the purposes of sub-paragraphs (5) to (6A) above “*intangible asset*” means any asset which falls to be treated as an intangible asset in accordance with generally accepted accounting practice.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6C) For the purposes of sub-paragraph (6) above
- (a) “*parent company*” means a company that—
- (i) has one or more 51% subsidiaries, but
- (ii) is not itself a 51% subsidiary of another company; and
- (b) paragraph 10 below (meaning of “*qualifying subsidiary*”) shall apply as if the references in that paragraph to the relevant company were references to the parent company referred to in sub-paragraph (6)(b) above.
- (6D) For the purposes of sub-paragraph (6A) above “*intellectual property*” means—
- (a) any patent, trade mark, registered design, copyright, design right, performer’s right or plant breeder’s right; and
- (b) any rights under the law of a country or territory outside the United Kingdom which correspond or are similar to those falling within paragraph (a) above.
- (7) A trade shall not be treated as failing to comply with this paragraph by reason only of its consisting in letting ships, other than offshore installations or pleasure craft, on charter if—
- (a) every ship let on charter by the company carrying on the trade is beneficially owned by the company;
- (b) every ship beneficially owned by the company is registered in the United Kingdom;
- (c) the company is solely responsible for arranging the marketing of the services of its ships; and
- (d) the conditions mentioned in sub-paragraph (8) below are satisfied in relation to every letting of a ship on charter by the company;
but where any of the requirements mentioned in paragraphs (a) to (d) above are not satisfied in relation to any lettings, the trade shall not thereby be treated as failing to comply with this paragraph if those lettings and any other activity of a kind falling within sub-paragraph (2)(a) to (f) above do not, when taken together, amount to a substantial part of the trade.
- (8) The conditions are that—
- (a) the letting is for a period not exceeding 12 months and no provision is made at any time (whether in the charterparty or otherwise) for extending it beyond that period otherwise than at the option of the charterer;
- (b) during the period of the letting there is no provision in force (whether by virtue of being contained in the charterparty or otherwise) for the grant of a new letting to end, otherwise than at the option of the charterer, more than 12 months after that provision is made;
- (c) the letting is by way of a bargain made at arm’s length between the company and a person who is not connected with it;
- (d) under the terms of the charter the company is responsible as principal—
- (i) for taking, throughout the period of the charter, management decisions in relation to the ship, other than those of a kind generally regarded by persons engaged in trade of the kind in question as matters of husbandry; and
- (ii) for defraying all expenses in connection with the ship throughout that period, or substantially all such expenses, other than those directly incidental to a particular voyage or to the employment of the ship during that period;
and
- (e) no arrangements exist by virtue of which a person other than the company may be appointed to be responsible for the matters mentioned in paragraph (d) above on behalf of the company;
but this sub-paragraph shall have effect, in relation to any letting between one company and another where one of those companies is the relevant company and the other is a qualifying subsidiary of that company, or where both companies are qualifying subsidiaries of the relevant company, as if paragraph (c) were omitted.
- (9) A trade shall not comply with this paragraph unless it is conducted on a commercial basis and with a view to the realisation of profits.
### Provisions supplemental to paragraph 4
##### 5
- (1) In paragraph 4 above—
- “*film*” means an original master negative of a film, an original master film disc or an original master film tape;
- “*nursing home*” means any establishment which exists wholly or mainly for the provision of nursing care for persons suffering from sickness, injury or infirmity or for women who are pregnant or have given birth to children;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*pleasure craft*” means any ship of a kind primarily used for sport or recreation;
- “*property development*” means the development of land—by a company which has, or at any time has had, an interest in the land, andwith the sole or main object of realising a gain from the disposal of an interest in the land when it is developed;
- “*research and development*” has the meaning given by section 837A;
- “*residential care home*” means any establishment which exists wholly or mainly for the provision of residential accommodation, together with board and personal care, for persons in need of personal care by reason of old age, mental or physical disabilities, past or present dependence on alcohol or drugs or any past illnesses or past or present mental disorders; and
- “*sound recording*”, in relation to a film, means its sound track, original master audio disc or original master audio tape.
- (2) For the purposes of paragraph 4 above, in the case of a trade carried on by a company, a person has a controlling interest in that trade if—
- (a) he controls the company;
- (b) the company is a close company and he or an associate of his, being a director of the company, either—
- (i) is the beneficial owner of more than 30 per cent. of the ordinary share capital of the company, or
- (ii) is able, directly or through the medium of other companies or by any other indirect means, to control more than 30 per cent. of that share capital;
or
- (c) not less than half of the trade could, in accordance with section 344(2), be regarded as belonging to him for the purposes of section 343;
and, in any other case, a person has a controlling interest in a trade if he is entitled to not less than half of the assets used for, or of the income arising from, the trade.
- (3) For the purposes of sub-paragraph (2) above there shall be attributed to any person any rights or powers of any other person who is an associate of his.
- (4) References in paragraph 4 above or this paragraph to a trade, except the references in paragraph 4(2)(f) to the trade for which services or facilities are provided, shall be construed without reference to so much of the definition of trade in section 832(1) as relates to adventures or concerns in the nature of trade; and those references in paragraph 4(2)(f) above to a trade shall have effect, in relation to cases in which what is carried on is carried on by a person other than a company, as including references to any business, profession or vocation.
- (5) In this paragraph—
- “*associate*” has the meaning given in subsections (3) and (4) of section 417, except that in those subsections, as applied for the purposes of this paragraph, “*relative*” shall not include a brother or sister; and
- “*director*” shall be construed in accordance with subsection (5) of that section;
- “*interest in land*” means (subject to sub-paragraph (6) below)—any estate, interest or right in or over land, including any right affecting the use or disposition of land; orany right to obtain such an estate, interest or right from another which is conditional on the other’s ability to grant the estate, interest or right.
- (6) References in paragraph 4 above, in relation to an hotel, to a comparable establishment are references to a guest house, hostel or other establishment the main purpose of maintaining which is the provision of facilities for overnight accommodation (whether with or without catering services).
- (7) References in this paragraph to an interest in land do not include references to—
- (a) the interest of a creditor (other than a creditor in respect of a rentcharge) whose debt is secured by way of mortgage, an agreement for a mortgage or a charge of any kind over land; or
- (b) in the case of land in Scotland, the interest of a creditor in a charge or security of any kind over land.
### Meaning of “relevant qualifying subsidiary”
##### 5A
- (1) For the purposes of this Schedule, a company (“the subsidiary”) is a relevant qualifying subsidiary of the relevant company at any time when it falls within sub-paragraph (2) below.
- (2) The subsidiary falls within this sub-paragraph if—
- (a) the relevant company possesses not less than 90 per cent. of the issued share capital of, and not less than 90 per cent. of the voting power in, the subsidiary;
- (b) the relevant company would—
- (i) in the event of a winding up of the subsidiary, or
- (ii) in any other circumstances,
be beneficially entitled to receive not less than 90 per cent. of the assets of the subsidiary which would then be available for distribution to the equity holders of the subsidiary;
- (c) the relevant company is beneficially entitled to not less than 90 per cent. of any profits of the subsidiary which are available for distribution to the equity holders of the subsidiary;
- (d) no person other than the relevant company has control of the subsidiary within the meaning of section 840; and
- (e) no arrangements are in existence by virtue of which any of the conditions in paragraphs (a) to (d) above would cease to be met.
- (3) Sub-paragraphs (4) to (4C) and (5) of paragraph 10 below apply in relation to sub-paragraph (2) of this paragraph as they apply in relation to sub-paragraph (3) of that paragraph, but with the following modification.
- (4) That modification is that sub-paragraph (5) of that paragraph is to be read as if the words “or (as the case may be) by another subsidiary of that company” were omitted.
- (5) For the purposes of this paragraph—
- (a) the persons who are equity holders of the subsidiary, and
- (b) the percentage of the assets of the subsidiary to which an equity holder would be entitled,
shall be determined in accordance with paragraphs 1 and 3 of Schedule 18.
- (6) But in making that determination—
- (a) references in paragraph 3 of that Schedule to the first company are to be read as references to an equity holder, and
- (b) references in that paragraph to a winding up are to be read as including references to any other circumstances in which assets of the subsidiary are available for distribution to its equity holders.
### Requirements as to the money raised by the investment in question
##### 6
- (1) The requirements of this paragraph are that either—
- (a) at least 80% of the money raised by the issue of the relevant holding must—
- (i) have been employed wholly for the purposes of the trade by reference to which the requirements of paragraph 3(3) above are satisfied; or
- (ii) be money which is intended to be employed wholly for the purposes of that trade; or
- (b) all of the money so raised must have been employed as mentioned in paragraph (a)(i) above.
- (2) For the purposes of this Schedule—
- (a) the requirements of sub-paragraph (1) above shall not be capable of being satisfied by virtue of paragraph (a)(ii) of that sub-paragraph at any time after 12 months have expired from the trading time, and
- (b) the requirements of that sub-paragraph shall not be capable of being satisfied by virtue of paragraph (a)(i) of that sub-paragraph at any time after 24 months have expired from the trading time.
- (2AA) In sub-paragraph (2) above, “*the trading time*” means whichever is applicable of the following—
- (a) in a case where the requirements of sub-paragraph (3) of paragraph 3 above were satisfied in relation to the time when the relevant holding was issued by virtue of paragraph (a) of that sub-paragraph, that time; and
- (b) in a case where they were satisfied in relation to that time by virtue of paragraph (b) of that sub-paragraph, the time when the condition in paragraph 3(4)(a) above was satisfied.
- (2AB) The requirements of this paragraph are not satisfied if either of the following, namely—
- (a) the trade by reference to which the requirements of paragraph 3(3) above are satisfied, and
- (b) any preparations for that trade falling within paragraph 3(3)(b) above,
are carried on, at any time after the issue of the relevant holding, by a person other than the relevant company or a relevant qualifying subsidiary of that company.
- (2AC) Sub-paragraph (2AD) below applies where preparations mentioned in sub-paragraph (2AB)(b) above are carried on by the relevant company or a relevant qualifying subsidiary of that company at any time after the issue of the relevant holding.
- (2AD) Where this sub-paragraph applies, the requirements of this paragraph are not to be regarded, by virtue of sub-paragraph (2AB) above, as failing to be satisfied by reason only of the carrying on of the trade mentioned in sub-paragraph (2AB)(a) above by a person other than—
- (a) the relevant company, or
- (b) a qualifying subsidiary of that company,
at any time after the issue of the relevant holding but before the relevant company or any relevant qualifying subsidiary of that company carries on that trade.
- (2AE) The requirements of this paragraph are not to be regarded, by virtue of sub-paragraph (2AB) above, as failing to be satisfied by reason only of the carrying on of the trade mentioned in sub-paragraph (2AB)(a) above—
- (a) by the partners in a partnership of which the relevant company, or a relevant qualifying subsidiary of that company, is a member, or
- (b) by the parties to a joint venture to which the relevant company, or a relevant qualifying subsidiary of that company, is a party.
- (2AF) The requirements of this paragraph are not to be regarded, by virtue of sub-paragraph (2AB) above, as failing to be satisfied if—
- (a) by reason only of anything done as a consequence of the relevant company or any other company being in administration or receivership, or
- (b) by reason only of the relevant company or any other company being wound up or dissolved without winding up,
the trade mentioned in sub-paragraph (2AB)(a) above ceases to be carried on by the relevant company or a relevant qualifying subsidiary of that company and is subsequently carried on by a person who has not been connected, at any time after the date which is one year before the issue of the relevant holding, with the relevant company.
- (2AG) Sub-paragraph (2AF) above applies only if (as the case may be)—
- (a) the entry into administration or receivership and everything done as a consequence of the company concerned being in administration or receivership, or
- (b) the winding up or dissolution,
is for bona fide commercial reasons and is not part of a scheme or arrangement the main purpose of which or one of the main purposes of which is the avoidance of tax.
- (2AH) Sub-paragraph (2) of paragraph 11A below applies for the purposes of sub-paragraphs (2AF) and (2AG) above as it applies for the purpose of that paragraph.
- (3) For the purposes of this paragraph money shall not be treated as employed otherwise than wholly for the purposes of a trade if the only amount employed for other purposes is an amount which is not a significant amount; and nothing in paragraph 1(3) above shall require any money whose use is disregarded by virtue of this sub-paragraph to be treated as raised by a different holding.
- (4) References in this paragraph to employing money for the purposes of a trade shall include references to employing it for the purpose of preparing for the carrying on of the trade.
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Requirement imposing a maximum on qualifying investments in the relevant company
##### 7
- (1) The requirement of this paragraph is that the relevant holding did not, when it was issued, represent an investment in excess of the maximum qualifying investment for the relevant period.
- (2) Subject to sub-paragraph (4) below, the maximum qualifying investment for any period is exceeded to the extent that the aggregate amount of money raised in that period by the issue to the trust company during that period of shares in or securities of the relevant company exceeds £1 million.
- (3) Any question for the purposes of this paragraph as to whether any shares in or securities of the relevant company which are for the time being held by the trust company represent an investment in excess of the maximum qualifying investment for any period shall be determined on the assumption, in relation to disposals by the trust company, that, as between shares or securities of the same description, those representing the whole or any part of the excess are disposed of before those which do not.
- (4) Where—
- (a) at the time of the issue of the relevant holding the relevant company or any of its qualifying subsidiaries was a member of a partnership or a party to a joint venture,
- (b) the trade by virtue of which the requirements of paragraph 3(3) above are satisfied was at that time being carried on, or to be carried on, by those partners in partnership or by the parties to the joint venture as such, and
- (c) the other partners or parties to the joint venture include at least one other company,
this paragraph shall have effect in relation to the relevant company as if the sum of money for the time being specified in sub-paragraph (2) above were to be divided by the number of companies (including the relevant company) which, at the time when the relevant holding was issued, were members of the partnership or, as the case may be, parties to the joint venture.
- (5) For the purposes of this paragraph the relevant period is the period beginning with whichever is the earlier of—
- (a) the time six months before the issue of the relevant holding; and
- (b) the beginning of the year of assessment in which the issue of that holding took place.
### Requirement as to the assets of the relevant company
##### 8
- (1) The requirement of this paragraph is that the value of the relevant assets—
- (a) did not exceed £7 million immediately before the issue of the relevant holding; and
- (b) did not exceed £8 million immediately afterwards.
- (2) Subject to sub-paragraph (3) below, the reference in sub-paragraph (1) above to the value of the relevant assets is a reference—
- (a) in relation to a time when the relevant company did not have any qualifying subsidiaries, to the value of the gross assets of that company at that time; and
- (b) in relation to any other time, to the aggregate value at that time of the gross assets of all the companies in the relevant company’s group.
- (3) For the purposes of this paragraph assets of any member of the relevant company’s group that consist in rights against, or in shares in or securities of, another member of the group shall be disregarded.
- (4) In this paragraph references, in relation to any time, to the relevant company’s group are references to the relevant company and its qualifying subsidiaries at that time.
### Requirements as to the subsidiaries etc. of the relevant company
##### 9
- (1) The requirements of this paragraph are that . . . the relevant company must not be—
- (a) a company which controls (whether on its own or together with any person connected with it) any company that is not a qualifying subsidiary of the relevant company; or
- (b) a company which is under the control of another company (or of another company and a person connected with the other company);
and arrangements must not be in existence by virtue of which the relevant company could fall within paragraph (a) or (b) above.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Meaning of “qualifying subsidiary”
##### 10
- (1) Subject to the following provisions of this paragraph, a company is a qualifying subsidiary of the relevant company for the purposes of this Schedule if—
- (a) the company in question (“the subsidiary”), and
- (b) where the relevant company has more than one subsidiary, every other subsidiary of the relevant company,
is a company falling within sub-paragraph (3) below.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) The subsidiary falls within this sub-paragraph if—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (ca) the subsidiary is a 51 per cent. subsidiary of the relevant company;
- (d) no person other than the relevant company or another of its subsidiaries has control of the subsidiary within the meaning of section 840; and
- (e) no arrangements are in existence by virtue of which either of the conditions in paragraphs (ca) and (d) above would cease to be met.
- (4) The subsidiary shall not be regarded, at a time when it or any other company is being wound up, as having ceased on that account to be a company falling within sub-paragraph (3) above if . . . —
- (a) . . . it would fall within that sub-paragraph apart from the winding up; and
- (b) . . . the winding up is for bona fide commercial reasons and is not part of a scheme or arrangement the main purpose of which, or one of the main purposes of which, is the avoidance of tax.
- (4A) Sub-paragraph (4B) below applies at a time when the subsidiary or any other company is in administration or receivership.
- (4B) The subsidiary shall not be regarded, by reason only of anything done as a consequence of the company concerned being in administration or receivership, as having ceased to be a company falling within sub-paragraph (3) above if—
- (a) the entry into administration or receivership, and
- (b) everything done as a consequence of the company concerned being in administration or receivership,
is for bona fide commercial reasons and is not part of a scheme or arrangement the main purpose of which or one of the main purposes of which is the avoidance of tax.
- (4C) Sub-paragraph (2) of paragraph 11A below applies for the purposes of sub-paragraphs (4A) and (4B) above as it applies for the purpose of that paragraph.
- (5) The subsidiary shall not be regarded, at any time when arrangements are in existence for the disposal by the relevant company, or (as the case may be) by another subsidiary of that company, of all its interest in the subsidiary in question, as having ceased on that account to be a company falling within sub-paragraph (3) above if . . . the disposal is to be for bona fide commercial reasons and is not to be part of a scheme or arrangement the main purpose of which, or one of the main purposes of which, is the avoidance of tax.
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Requirement as to property managing subsidiaries
##### 10ZA
- (1) The requirement of this paragraph is that the relevant company must not have a property managing subsidiary which is not a relevant qualifying subsidiary of the relevant company.
- (2) “*Property managing subsidiary*” means a qualifying subsidiary of the relevant company whose business consists wholly or mainly in the holding or managing of land or any property deriving its value from land.
- (3) In sub-paragraph (2) above, “*land*” and “*property deriving its value from land*” have the same meaning as in section 776.
### Requirement that securities should not relate to a guaranteed loan
##### 10A
- (1) The requirement of this paragraph is that there are no securities relating to a guaranteed loan in the relevant holding.
- (2) For the purposes of this paragraph a security relates to a guaranteed loan if (and only if) there are arrangements for the trust company to be or become entitled, in the event of a failure by any person to comply with—
- (a) the terms of the loan to which the security relates, or
- (b) the terms of the security,
to receive anything (whether directly or indirectly) from a third party.
- (3) For the purposes of sub-paragraph (2) above it shall be immaterial whether the arrangements apply in all cases of a failure to comply or only in certain such cases.
- (4) For the purposes of this paragraph “*third party*” means any person except—
- (a) the relevant company; and
- (b) if the relevant company is the parent company of a trading group for the purposes of paragraph 3 above, the subsidiaries of the relevant company.
### Requirement that a proportion of the holding in each company must be eligible shares
##### 10B
- (1) The requirement of this paragraph is that eligible shares represent at least 10 per cent. by value of the totality of the shares in or securities of the relevant company (including the relevant holding) which are held by the trust company.
- (2) For the purposes of this paragraph the value at any time of any shares in or securities of a company shall be taken (subject to sub-paragraph (4) below) to be their value immediately after—
- (a) any relevant event occurring at that time; or
- (b) where no relevant event occurs at that time, the last relevant event to occur before that time.
- (3) In sub-paragraph (2) above “*relevant event*”, in relation to any shares in or securities of the relevant company, means—
- (a) the acquisition by the trust company of those shares or securities;
- (b) the acquisition by the trust company of any other shares in or securities of the relevant company which—
- (i) are of the same description as those shares or securities, and
- (ii) are acquired otherwise than by virtue of being allotted to the trust company without that company’s becoming liable to give any consideration;
or
- (c) the making of any such payment in discharge, in whole or in part, of any obligation attached to any shares in or securities of the relevant company held by the trust company as (by discharging that obligation) increases the value of any such shares or securities.
- (4) If at any time the value of any shares or securities held by the trust company is less than the amount of the consideration given by the trust company for those shares or securities, it shall be assumed for the purposes of this paragraph that the value of those shares or securities at that time is equal to the amount of that consideration.
- (5) In this paragraph “*eligible shares*” has the same meaning as in section 842AA.
### Acquisitions for restructuring purposes
##### 10C
- (1) This paragraph applies where—
- (a) arrangements are made for a company (“*the new company*”) to acquire all the shares (“*old shares*”) in another company (“*the old company*”);
- (b) the acquisition provided for by the arrangements falls within sub-paragraph (2) below; and
- (c) the Board have, before any exchange of shares takes place under the arrangements, given an approval notification.
- (2) An acquisition of shares falls within this sub-paragraph if—
- (a) the consideration for the old shares consists wholly of the issue of shares (“*new shares*”) in the new company;
- (b) new shares are issued in consideration of old shares only at times when there are no issued shares in the new company other than subscriber shares and new shares previously issued in consideration of old shares;
- (c) the consideration for new shares of each description consists wholly of old shares of the corresponding description; and
- (d) new shares of each description are issued to the holders of old shares of the corresponding description in respect of, and in proportion to, their holdings.
- (3) For the purposes of sub-paragraph (1)(c) above an approval notification is one which, on an application by either the old company or the new company, is given to the applicant company and states that the Board are satisfied that the exchange of shares under the arrangements—
- (a) will be effected for bona fide commercial reasons; and
- (b) will not form part of any such scheme or arrangements as are mentioned in section 137(1) of the 1992 Act.
- (4) If the requirements of paragraph 3 above were satisfied in relation to the old company and any old shares immediately before the beginning of the period for giving effect to the arrangements, then (to the extent that it would not otherwise be the case) those requirements shall be deemed to be satisfied in relation to the new company and the matching new shares at all times which—
- (a) fall in that period; and
- (b) do not fall after a time when (apart from the arrangements) those requirements would have ceased by virtue of—
- (i) sub-paragraph (4) or (5) of that paragraph, or
- (ii) any cessation of a trade by any company,
to be satisfied in relation to the old company and the matching old shares.
- (5) For the purposes of paragraph 3 above the period of two years mentioned in sub-paragraph (4) of that paragraph shall be deemed, in the case of any new shares, to expire at the same time as it would have expired (or by virtue of this sub-paragraph would have been deemed to expire) in the case of the matching old shares.
- (6) Subject to sub-paragraph (7) below, where—
- (a) there is an exchange under the arrangements of any new shares for any old shares, and
- (b) those old shares are shares in relation to which the requirements of paragraphs 6 and 8 above were (or were deemed to be) satisfied to any extent immediately before the exchange,
those requirements shall be deemed, at all times after that time, to be satisfied to the same extent in relation to the matching new shares.
- (7) Where there is a time following any exchange under the arrangements of any new shares for any old shares when (apart from the arrangements) the requirements of paragraph 6 above would have ceased under—
- (a) sub-paragraph (2) of that paragraph, or
- (b) this sub-paragraph,
to be satisfied in relation to those old shares, those requirements shall cease at that time to be satisfied in relation to the matching new shares.
- (8) For the purposes of paragraph 7 above any new shares acquired under the arrangements shall be deemed to represent an investment which—
- (a) raised the same amount of money as was raised (or, by virtue of this sub-paragraph, is deemed to have been raised) by the issue of the matching old shares, and
- (b) raised that amount by an issue of shares in the new company made at the time when the issue of the matching old shares took place (or, as the case may be, is deemed to have taken place).
- (9) In determining whether the requirements of paragraph 9 above are satisfied in relation to the old company or the new company at a time in the period for giving effect to the arrangements, both—
- (a) the arrangements themselves, and
- (b) any exchange of new shares for old shares that has already taken place under the arrangements,
shall be disregarded.
- (10) For the purposes of paragraph 10B above the value of the new shares, both immediately after the time of their acquisition and immediately after the time of any subsequent relevant event occurring by virtue of the arrangements, shall be taken to be the same as the value, when last valued in accordance with that paragraph, of the old shares for which they are exchanged.
- (11) Nothing in this paragraph shall deem any of the requirements of this Schedule to be satisfied in relation to any new shares unless the matching old shares were first issued to the trust company and have been held by that company from the time when they were issued until they are acquired by the new company.
- (12) References in this paragraph to the period for giving effect to the arrangements are references to the period which—
- (a) begins with the time when those arrangements first came into existence; and
- (b) ends with the time when the new company completes its acquisition under the arrangements of all the old shares.
- (13) If, at any time after the arrangements first came into existence and before the new company has acquired all the old shares, the arrangements—
- (a) cease to be arrangements for the acquisition of all the old shares by the new company, or
- (b) cease to be arrangements for an acquisition falling within sub-paragraph (2) above,
this paragraph shall not deem any requirement of this Schedule to be satisfied, and sub-paragraph (10) above shall not apply, in the case of any new shares at any time after the arrangements have so ceased.
- (14) Subject to sub-paragraph (15) below, references in this paragraph, except in the expression “subscriber shares”, to shares in a company include references to any securities of that company.
- (15) For the purposes of this paragraph, a relevant security of the old company shall not be treated as a security of that company if—
- (a) the arrangements do not provide for the acquisition of the security by the new company; or
- (b) such treatment prevents sub-paragraph (1)(b) above from being satisfied in connection with the arrangements.
- (16) In sub-paragraph (15) above “*relevant security*” means an instrument which is a security for the purposes of this Schedule by reason only of section 842AA(12).
- (17) For the purposes of this paragraph—
- (a) old shares and new shares are of a corresponding description if, were they shares in the same company, they would be of the same description; and
- (b) old shares and new shares are matching shares in relation to each other if the old shares are the shares for which those new shares are exchanged under the arrangements.
### Conversion of convertible shares and securities
##### 10D
- (1) This paragraph applies where—
- (a) shares have been issued to the trust company by virtue of the exercise by that company of any right of conversion attached to other shares, or securities, held by that company (“*the convertibles*”);
- (b) the shares so issued are in the same company as the convertibles to which the right was attached;
- (c) the convertibles to which the right was attached were first issued to the trust company and were held by that company from the time they were issued until converted; and
- (d) the right was attached to the convertibles when they were first so issued and was not varied before it was exercised.
- (2) Sub-paragraphs (5) to (8) of paragraph 10C above shall apply in relation to the exchange of convertibles for shares by virtue of the exercise of the right of conversion as if—
- (a) that exchange were an exchange under any such arrangements as are mentioned in that paragraph of new shares for old shares; and
- (b) the references in those sub-paragraphs and sub-paragraph (17)(b) of that paragraph to the arrangements were references to the provision conferring the right of conversion.
- (3) For the purposes of paragraph 10B above the value of the new shares immediately after the time of their acquisition by the trust company shall be taken to be the same as the value, when last valued in accordance with that paragraph, of the convertibles for which they are exchanged.
### Winding up of the relevant company
##### 11
None of the requirements of this Schedule shall be regarded, at a time when the relevant company is being wound up, as being, on that account, a requirement that is not satisfied in relation to that company if . . . —
- (a) . . . the requirements of this Schedule would be satisfied in relation to that company apart from the winding up; and
- (b) . . . the winding up is for bona fide commercial reasons and is not part of a scheme or arrangement the main purpose of which, or one of the main purposes of which, is the avoidance of tax.
### Company in administration or receivership
##### 11A
- (1) A company which is in administration or receivership shall not be regarded as ceasing to comply with paragraph 3(2) or (3) by reason only of anything done as a consequence of its being in administration or receivership.
- (2) For this purpose—
- (a) a company is “in administration” if it is in administration within the meaning of Schedule B1 to the Insolvency Act 1986, or there is in force in relation to it—
- (i) an administration order under Part III of the Insolvency (Northern Ireland) Order 1989, or
- (ii) any corresponding order under the law of a country or territory outside the United Kingdom; and
- (b) a company is “in receivership" if there is in force in relation to it—
- (i) an order for the appointment of an administrative receiver, a receiver and manager or a receiver under Chapter I or II of Part III of the Insolvency Act 1986 or Part IV of the Insolvency (Northern Ireland) Order 1989, or
- (ii) any corresponding order under the law of a country or territory outside the United Kingdom.
- (3) This paragraph applies only if—
- (a) the entry into administration or receivership, and
- (b) everything done as a consequence of the company being in administration or receivership,
is for bona fide commercial reasons and is not part of a scheme or arrangement the main purpose or one of the main purposes of which is the avoidance of tax.
### Company reorganisations etc. involving exchange of shares
##### 11B
- (1) The Treasury may by regulations make provision for cases where—
- (a) a holding of shares or securities that meets the requirements of this Schedule is exchanged for other shares or securities,
- (b) the exchange is made for bona fide commercial reasons and does not form part of a scheme or arrangements of which the main purpose, or one of the main purposes, is the avoidance of tax, and
- (c) the new shares or securities do not meet some or all of the requirements of this Schedule,
providing that the new shares or securities shall be treated as meeting those requirements.
- (2) The references in sub-paragraph (1) to an exchange of shares or securities include any form of company reorganisation or other arrangement which involves a holder of shares or securities in a company receiving other shares or securities—
- (a) whether the original shares or securities are transferred, cancelled or retained, and
- (b) whether the new shares or securities are in the same or another company.
- (3) The regulations shall specify—
- (a) the cases in which, and conditions subject to which, they apply,
- (b) which requirements of this Schedule are to be treated as met, and
- (c) the period for which those requirements are to be treated as met.
- (4) The regulations may contain such administrative provisions (including provision for advance clearances) as appear to the Treasury to be necessary or expedient.
- (5) The regulations may authorise the Board to give notice to any person requiring him to provide such information, specified in the notice, as they may reasonably require in order to determine whether any conditions imposed by the regulations are met.
- (6) Regulations under this paragraph—
- (a) may make different provision for different cases,
- (b) may include such supplementary, incidental and transitional provisions as appear to the Treasury to be appropriate, and
- (c) may include provision having retrospective effect.
### Power to amend Schedule
##### 12
The Treasury may by order amend this Schedule for any or all of the following purposes, that is to say—
- (a) to make such modifications of paragraphs 3 to 5 above as they may consider expedient;
- (b) to substitute different sums for the sums of money for the time being specified in paragraphs 7(2) and 8(1) above.
### General interpretation
##### 13
- (1) Subject to paragraph 10C(15) above, in this Schedule—
- “*debenture*” has the meaning given by section 744 of the Companies Act 1985; and
- “*securities*” has the same meaning as in section 842AA;
and references in this Schedule to the issue of any securities, in relation to any security consisting in a liability in respect of an unsecured loan, shall have effect as references to the making of the loan.
- (2) For the purposes of paragraphs 5(2) and 9 above, the question whether a person controls a company shall be determined in accordance with subsections (2) to (6) of section 416 with the modification given by sub-paragraph (3) below.
- (3) The modification is that, in determining whether a person controls a company, there shall be disregarded—
- (a) his or any other person’s possession of, or entitlement to acquire, relevant fixed-rate preference shares of the company; and
- (b) his or any other person’s possession of, or entitlement to acquire, rights as a loan creditor of the company.
- (4) Section 839 shall apply for the purposes of this Schedule, but as if the reference in subsection (8) to section 416 were a reference to subsections (2) to (6) of section 416 with the modification given by sub-paragraph (3) above.
- (5) For the purposes of sub-paragraph (3) above—
- (a) relevant fixed-rate preference shares are fixed-rate preference shares that do not for the time being carry voting rights; . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) In this paragraph “*fixed-rate preference shares*” means shares which—
- (a) were issued wholly for new consideration;
- (b) do not carry any right either to conversion into shares or securities of any other description or to the acquisition of any additional shares or securities; and
- (c) do not carry any right to dividends other than dividends which—
- (i) are of a fixed amount or at a fixed rate per cent. of the nominal value of the shares, and
- (ii) together with any sum paid on redemption, represent no more than a reasonable commercial return on the consideration for which the shares were issued;
and in paragraph (a) above “*new consideration*” has the meaning given by section 254.
##### 18A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
## Editorial notes
[^c21566881]: **EDITORIAL NOTE** The originating text of this Act is derived from the 1990 edition of The Taxes Acts edited by the Inland Revenue and published by Her Majesty's Stationery Office. The style of editing followed in older versions of the revised text may therefore differ from that applicable to most other Acts published in the online edition of the revised statutes. Any references in older footnote annotations to Vol. 1, 2 etc. are to the Volumes of that 1990 edition. References to Acts in sidenotes and footnote annotations may be abbreviated. The main abbreviations used are listed below. Where a reference to an Act consists of the year, or the year and a series number (such as "1975", or "1975 (No. 2)", etc.), without any following letter(s) in parentheses, the reference is in most cases to the Finance Act, or Finance (No. 2) Act, etc., of that year. Exceptions to this are 1952, 1970, and 1988 (as to which see the list below). **ABBREVIATIONS USED IN SIDENOTES AND FOOTNOTES** 1828 (R.S.) = [Revenue Solicitors Act 1828 (c. 25, SIF 57)](https://www.legislation.gov.uk/ukpga/1828/25) 1890 (I.R.R.) = [Inland Revenue Regulation Act 1890 (c. 21, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1890/21) 1952 = [Income Tax Act 1952 (c. 10, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1952/10) 1968 (C) = [Capital Allowances Act 1968 (c. 3)](https://www.legislation.gov.uk/ukpga/1968/3) 1970 (M) = [Taxes Management Act 1970 (c. 9, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1970/9) 1970 = [Income and Corporation Taxes Act 1970 (c. 10, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1970/10) 1970 (F) = [Finance Act 1970 (c. 24, SIF 63:1,2)](https://www.legislation.gov.uk/ukpga/1970/24) 1970 (No.2) = [Income and Corporation Taxes (No.2) Act 1970 (c. 54)](https://www.legislation.gov.uk/ukpga/1970/54) 1975 (O) = [Oil Taxation Act 1975 (c. 22)](https://www.legislation.gov.uk/ukpga/1975/22) (and similarly as respects subsequent years) 1976 (D) = [Development Land Tax Act 1976 (c. 24)](https://www.legislation.gov.uk/ukpga/1976/24) 1977 (I.T.R.) = [Finance (Income Tax Reliefs) Act 1977 (c. 53)](https://www.legislation.gov.uk/ukpga/1977/53) 1979 (C) = [Capital Gains Tax Act 1979 (c. 14, SIF 63:2)](https://www.legislation.gov.uk/ukpga/1979/14) 1984 (C) = [Capital Transfer Tax Act 1984/Inheritance Tax Act 1984 (c. 51, SIF 65)](https://www.legislation.gov.uk/ukpga/1984/51) 1988 = [Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1988/1) 1988 (F) = [Finance Act 1988 (c. 39, SIF 63:1,2)](https://www.legislation.gov.uk/ukpga/1988/39) 1990 (C) = [Capital Allowances Act 1990 (c. 1, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1990/1) O.J. = Official Journal of the European Communities SIF = Statutes in Force, the official hard-copy predecessor to the online statutes (and any following numbers refer to the relevant volume)
[^c21566891]: General amendments, modifications, etc. to Tax Acts (or Income Tax Acts or Corporation Taxes Acts as the case may be): [Taxes Management Act 1970 (c.9, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1970/9), [s. 41A(7)](https://www.legislation.gov.uk/ukpga/1970/9/section/41A/7) (as added by [Finance Act 1990 (c.29, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 95(1)(2)](https://www.legislation.gov.uk/ukpga/1990/29/section/95/1/2)); [British Telecommunications Act 1981 (c.38, SIF 96)](https://www.legislation.gov.uk/ukpga/1981/38), [s. 82(2)(7)](https://www.legislation.gov.uk/ukpga/1981/38/section/82/2/7); [Telecommunications Act 1984 (c.12, SIF 96)](https://www.legislation.gov.uk/ukpga/1984/12), [s. 72(3)](https://www.legislation.gov.uk/ukpga/1984/12/section/72/3); [Finance Act 1984 (c.43, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1984/43), [ss. 82(6)](https://www.legislation.gov.uk/ukpga/1984/43/section/82/6), [85(2)](https://www.legislation.gov.uk/ukpga/1984/43/section/85/2), [89(1)(7)](https://www.legislation.gov.uk/ukpga/1984/43/section/89/1/7), [96(1)(7)](https://www.legislation.gov.uk/ukpga/1984/43/section/96/1/7), [98(7)](https://www.legislation.gov.uk/ukpga/1984/43/section/98/7), [Sch. 9 para. 3(2)(9)](https://www.legislation.gov.uk/ukpga/1984/43/schedule/9/paragraph/3/2/9), [Sch. 16 paras. 6](https://www.legislation.gov.uk/ukpga/1984/43/schedule/16/paragraph/6), [12](https://www.legislation.gov.uk/ukpga/1984/43/schedule/16/paragraph/12); [Finance Act 1985 (c.54, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1985/54), [ss. 72(1)](https://www.legislation.gov.uk/ukpga/1985/54/section/72/1), [74(5)](https://www.legislation.gov.uk/ukpga/1985/54/section/74/5), [Sch. 23 para. 15(4)](https://www.legislation.gov.uk/ukpga/1985/54/schedule/23/paragraph/15/4); [The Income Tax (Entertainers and Sportsmen) Regulations 1987 (S.I. 1987/530)](https://www.legislation.gov.uk/uksi/1987/530), [regs. 11(2)](https://www.legislation.gov.uk/uksi/1987/530/regulation/11/2), [13(1)](https://www.legislation.gov.uk/uksi/1987/530/regulation/13/1), [14](https://www.legislation.gov.uk/uksi/1987/530/regulation/14); [Income and Corporation Taxes Act 1988 (c.1, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1988/1), [ss. 4](https://www.legislation.gov.uk/ukpga/1988/1/section/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/section/6), [7](https://www.legislation.gov.uk/ukpga/1988/1/section/7), [9](https://www.legislation.gov.uk/ukpga/1988/1/section/9), [32](https://www.legislation.gov.uk/ukpga/1988/1/section/32), [34](https://www.legislation.gov.uk/ukpga/1988/1/section/34), [78](https://www.legislation.gov.uk/ukpga/1988/1/section/78), [134](https://www.legislation.gov.uk/ukpga/1988/1/section/134), [135](https://www.legislation.gov.uk/ukpga/1988/1/section/135), [141](https://www.legislation.gov.uk/ukpga/1988/1/section/141), [142](https://www.legislation.gov.uk/ukpga/1988/1/section/142), [185](https://www.legislation.gov.uk/ukpga/1988/1/section/185), [191](https://www.legislation.gov.uk/ukpga/1988/1/section/191), [193](https://www.legislation.gov.uk/ukpga/1988/1/section/193), [194](https://www.legislation.gov.uk/ukpga/1988/1/section/194), [195](https://www.legislation.gov.uk/ukpga/1988/1/section/195), [200](https://www.legislation.gov.uk/ukpga/1988/1/section/200), [203](https://www.legislation.gov.uk/ukpga/1988/1/section/203), [209](https://www.legislation.gov.uk/ukpga/1988/1/section/209), [212](https://www.legislation.gov.uk/ukpga/1988/1/section/212), [213](https://www.legislation.gov.uk/ukpga/1988/1/section/213), [219](https://www.legislation.gov.uk/ukpga/1988/1/section/219), [247](https://www.legislation.gov.uk/ukpga/1988/1/section/247), [253](https://www.legislation.gov.uk/ukpga/1988/1/section/253), [272](https://www.legislation.gov.uk/ukpga/1988/1/section/272), [287](https://www.legislation.gov.uk/ukpga/1988/1/section/287), [314](https://www.legislation.gov.uk/ukpga/1988/1/section/314), [315](https://www.legislation.gov.uk/ukpga/1988/1/section/315), [317](https://www.legislation.gov.uk/ukpga/1988/1/section/317), [318](https://www.legislation.gov.uk/ukpga/1988/1/section/318), [325](https://www.legislation.gov.uk/ukpga/1988/1/section/325), [326](https://www.legislation.gov.uk/ukpga/1988/1/section/326), [327](https://www.legislation.gov.uk/ukpga/1988/1/section/327), [345](https://www.legislation.gov.uk/ukpga/1988/1/section/345), [350](https://www.legislation.gov.uk/ukpga/1988/1/section/350), [351](https://www.legislation.gov.uk/ukpga/1988/1/section/351), [368](https://www.legislation.gov.uk/ukpga/1988/1/section/368), [375](https://www.legislation.gov.uk/ukpga/1988/1/section/375), [381](https://www.legislation.gov.uk/ukpga/1988/1/section/381), [397](https://www.legislation.gov.uk/ukpga/1988/1/section/397), [414](https://www.legislation.gov.uk/ukpga/1988/1/section/414), [432](https://www.legislation.gov.uk/ukpga/1988/1/section/432), [440](https://www.legislation.gov.uk/ukpga/1988/1/section/440), [442](https://www.legislation.gov.uk/ukpga/1988/1/section/442), [446](https://www.legislation.gov.uk/ukpga/1988/1/section/446), [458](https://www.legislation.gov.uk/ukpga/1988/1/section/458), [460](https://www.legislation.gov.uk/ukpga/1988/1/section/460), [461](https://www.legislation.gov.uk/ukpga/1988/1/section/461), [463](https://www.legislation.gov.uk/ukpga/1988/1/section/463), [463(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/463/2/3) (as added by [Finance Act 1990 (c.29, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 50(2)](https://www.legislation.gov.uk/ukpga/1990/29/section/50/2)), [468](https://www.legislation.gov.uk/ukpga/1988/1/section/468), [474](https://www.legislation.gov.uk/ukpga/1988/1/section/474), [475](https://www.legislation.gov.uk/ukpga/1988/1/section/475), [486](https://www.legislation.gov.uk/ukpga/1988/1/section/486), [490](https://www.legislation.gov.uk/ukpga/1988/1/section/490), [491](https://www.legislation.gov.uk/ukpga/1988/1/section/491), [503](https://www.legislation.gov.uk/ukpga/1988/1/section/503), [511](https://www.legislation.gov.uk/ukpga/1988/1/section/511), [518](https://www.legislation.gov.uk/ukpga/1988/1/section/518), [524](https://www.legislation.gov.uk/ukpga/1988/1/section/524), [532](https://www.legislation.gov.uk/ukpga/1988/1/section/532), [544](https://www.legislation.gov.uk/ukpga/1988/1/section/544), [550](https://www.legislation.gov.uk/ukpga/1988/1/section/550), [556](https://www.legislation.gov.uk/ukpga/1988/1/section/556), [558](https://www.legislation.gov.uk/ukpga/1988/1/section/558), [569](https://www.legislation.gov.uk/ukpga/1988/1/section/569), [572](https://www.legislation.gov.uk/ukpga/1988/1/section/572), [582](https://www.legislation.gov.uk/ukpga/1988/1/section/582), [595](https://www.legislation.gov.uk/ukpga/1988/1/section/595), [601](https://www.legislation.gov.uk/ukpga/1988/1/section/601), [613](https://www.legislation.gov.uk/ukpga/1988/1/section/613), [617](https://www.legislation.gov.uk/ukpga/1988/1/section/617), [619](https://www.legislation.gov.uk/ukpga/1988/1/section/619), [621](https://www.legislation.gov.uk/ukpga/1988/1/section/621), [639](https://www.legislation.gov.uk/ukpga/1988/1/section/639), [656](https://www.legislation.gov.uk/ukpga/1988/1/section/656), [660](https://www.legislation.gov.uk/ukpga/1988/1/section/660), [663](https://www.legislation.gov.uk/ukpga/1988/1/section/663), [676](https://www.legislation.gov.uk/ukpga/1988/1/section/676), [689](https://www.legislation.gov.uk/ukpga/1988/1/section/689), [691](https://www.legislation.gov.uk/ukpga/1988/1/section/691), [694](https://www.legislation.gov.uk/ukpga/1988/1/section/694), [700](https://www.legislation.gov.uk/ukpga/1988/1/section/700), [701](https://www.legislation.gov.uk/ukpga/1988/1/section/701), [714](https://www.legislation.gov.uk/ukpga/1988/1/section/714), [716](https://www.legislation.gov.uk/ukpga/1988/1/section/716), [739](https://www.legislation.gov.uk/ukpga/1988/1/section/739), [743](https://www.legislation.gov.uk/ukpga/1988/1/section/743), [754](https://www.legislation.gov.uk/ukpga/1988/1/section/754), [763](https://www.legislation.gov.uk/ukpga/1988/1/section/763), [776](https://www.legislation.gov.uk/ukpga/1988/1/section/776), [780](https://www.legislation.gov.uk/ukpga/1988/1/section/780), [781](https://www.legislation.gov.uk/ukpga/1988/1/section/781), [782](https://www.legislation.gov.uk/ukpga/1988/1/section/782), [787](https://www.legislation.gov.uk/ukpga/1988/1/section/787), [789](https://www.legislation.gov.uk/ukpga/1988/1/section/789), [811](https://www.legislation.gov.uk/ukpga/1988/1/section/811), [828](https://www.legislation.gov.uk/ukpga/1988/1/section/828), [829](https://www.legislation.gov.uk/ukpga/1988/1/section/829), [832](https://www.legislation.gov.uk/ukpga/1988/1/section/832), [833](https://www.legislation.gov.uk/ukpga/1988/1/section/833), [834](https://www.legislation.gov.uk/ukpga/1988/1/section/834), [835](https://www.legislation.gov.uk/ukpga/1988/1/section/835), [837](https://www.legislation.gov.uk/ukpga/1988/1/section/837), [838](https://www.legislation.gov.uk/ukpga/1988/1/section/838), [839](https://www.legislation.gov.uk/ukpga/1988/1/section/839), [840](https://www.legislation.gov.uk/ukpga/1988/1/section/840), [841](https://www.legislation.gov.uk/ukpga/1988/1/section/841), [842](https://www.legislation.gov.uk/ukpga/1988/1/section/842), [Sch. 2 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/2/paragraph/5), [Sch. 4 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4/paragraph/5), [Sch. 13 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/10), [Sch. 16 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/10), [Sch. 21 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/21/paragraph/6), [Sch. 26 para. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1), [Sch. 27 para. 20](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/20); [Finance Act 1988 (c.39, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1988/39), [ss. 66](https://www.legislation.gov.uk/ukpga/1988/39/section/66), [127(1)(6)](https://www.legislation.gov.uk/ukpga/1988/39/section/127/1/6), [Sch. 12 para. 6](https://www.legislation.gov.uk/ukpga/1988/39/schedule/12/paragraph/6); [Electricity Act 1989 (c. 29, SIF 44:1)](https://www.legislation.gov.uk/ukpga/1989/29), [s. 90](https://www.legislation.gov.uk/ukpga/1989/29/section/90), [Sch. 11 para. 8(2)](https://www.legislation.gov.uk/ukpga/1989/29/schedule/11/paragraph/8/2); [S.I. 1990/117](https://www.legislation.gov.uk/uksi/1990/117), [art. 3](https://www.legislation.gov.uk/uksi/1990/117/article/3), [Sch. 1](https://www.legislation.gov.uk/uksi/1990/117/schedule/1); [Capital Allowances Act 1990 (c.1, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1990/1), [ss. 28(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/28/1), [68(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/68/8), [74](https://www.legislation.gov.uk/ukpga/1988/1/section/74), [82](https://www.legislation.gov.uk/ukpga/1988/1/section/82), [83(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/83/5), [148(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/148/5), [163(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/163/4), [164(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/164/2); [S.I. 1990/627](https://www.legislation.gov.uk/uksi/1990/627); [Finance Act 1990 (c.29, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 25(10)](https://www.legislation.gov.uk/ukpga/1990/29/section/25/10); [Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 84(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3) (having effect with respect to gifts made on or after 19.3.1991), s. 587A(2)(3) (with application as referred to in [Finance Act 1991 (c.31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 54](https://www.legislation.gov.uk/ukpga/1991/31/section/54), [Sch. 12 para. 5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/12/paragraph/5) (if the new securities are issued on or after 19.3.1991)), [s. 736A](https://www.legislation.gov.uk/ukpga/1988/1/section/736A), [Sch. 23A paras. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/2), [3(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/3/2), [4(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/4), [5(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/5/2), [7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1); [Ports Act 1991 (c. 52, SIF 58)](https://www.legislation.gov.uk/ukpga/1991/52), [s. 35(8)](https://www.legislation.gov.uk/ukpga/1991/52/section/35/8); [The Official Listing of Securities (Change of Competent Authority) Regulations 1991 (S.I. 1991/2000)](https://www.legislation.gov.uk/uksi/1991/2000), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1991/2000/regulation/1/1), [4(5)](https://www.legislation.gov.uk/uksi/1991/2000/regulation/4/5); [British Technology Group Act 1991 (c.66, SIF 64)](https://www.legislation.gov.uk/ukpga/1991/66), [s.12(1)(3)(4)](https://www.legislation.gov.uk/ukpga/1991/66/section/12/1/3/4); [S.I. 1991/2721](https://www.legislation.gov.uk/uksi/1991/2721), [art.2](https://www.legislation.gov.uk/uksi/1991/2721/article/2); [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1 reg. 28](https://www.legislation.gov.uk/uksi/1979/591/schedule/1/regulation/28) (as substituted by [S.I. 1992/97](https://www.legislation.gov.uk/uksi/1992/97), [reg. 18](https://www.legislation.gov.uk/uksi/1992/97/regulation/18)); [Social Security Contributions and Benefits Act 1992 (c. 4)](https://www.legislation.gov.uk/ukpga/1992/4), [ss. 16](https://www.legislation.gov.uk/ukpga/1992/4/section/16), [177(4)](https://www.legislation.gov.uk/ukpga/1992/4/section/177/4), [Sch.2](https://www.legislation.gov.uk/ukpga/1992/4/schedule/2) (with [s. 108(5)](https://www.legislation.gov.uk/ukpga/1992/4/section/108/5)); [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 209(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/209/3), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)) (with effect for the year 1992-93 and subsequent years of assessment); [The Lloyd's Underwriters (Tax) (1989-90) Regulations 1992 (S.I. 1992/511)](https://www.legislation.gov.uk/uksi/1992/511), [reg.3](https://www.legislation.gov.uk/uksi/1992/511/regulation/3) (with effect for the year of assessment 1989-90); [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 66](https://www.legislation.gov.uk/ukpga/1992/48/section/66), [77](https://www.legislation.gov.uk/ukpga/1992/48/section/77), [Sch. 12 paras. 6(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/12/paragraph/6/2), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/12/paragraph/7), [Sch. 17 para.9](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/9); [The Lloyd's Underwriters (Tax) (1990-91) Regulations 1993 (S.I. 1993/415)](https://www.legislation.gov.uk/uksi/1993/415), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1993/415/regulation/1/1), [3(1)](https://www.legislation.gov.uk/uksi/1993/415/regulation/3/1) (with effect for the year of assessment 1990-91); [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 78(3)-(5)](https://www.legislation.gov.uk/ukpga/1993/34/section/78/3), [118(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/118/1), [146(2)(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/146/2/3), [165](https://www.legislation.gov.uk/ukpga/1993/34/section/165), [175](https://www.legislation.gov.uk/ukpga/1993/34/section/175), [Sch. 20 paras. 8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/20/paragraph/8), [9(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/20/paragraph/9/1); [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 172(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/172/1), [176(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/1), [179(4)(5)](https://www.legislation.gov.uk/ukpga/1993/34/section/179/4/5), [180(1)(a)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/180/1/a/2), [182(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/182/2), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3) (with effect for the year 1992-93 and subsequent years of assessment); [Agriculture Act 1993 (c. 37)](https://www.legislation.gov.uk/ukpga/1993/37), [ss. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [36](https://www.legislation.gov.uk/ukpga/1993/37/section/36), [Sch. 2](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2), [paras. 1](https://www.legislation.gov.uk/ukpga/1993/37/paragraph/1), [2(1)](https://www.legislation.gov.uk/ukpga/1993/37/paragraph/2/1), [3(2)](https://www.legislation.gov.uk/ukpga/1993/37/paragraph/3/2), [16(2)(a)](https://www.legislation.gov.uk/ukpga/1993/37/paragraph/16/2/a), [Sch. 4 para. 1(1)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/4/paragraph/1/1); [The Income Tax (Manufactured Overseas Dividends) Regulations 1993 (S.I. 1993/2004)](https://www.legislation.gov.uk/uksi/1993/2004), [regs. 1](https://www.legislation.gov.uk/uksi/1993/2004/regulation/1), [4(1)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/4/1) , [5(1)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/5/1), [7(1)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/7/1), [8](https://www.legislation.gov.uk/uksi/1993/2004/regulation/8), [11(7)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/11/7); [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 139(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/139/1/2), [173(2)(b)(4)(a)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/173/2/b/4/a/b), [174](https://www.legislation.gov.uk/ukpga/1994/9/section/174), [Sch. 25 paras. 2](https://www.legislation.gov.uk/ukpga/1994/9/schedule/25/paragraph/2), [6(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/25/paragraph/6/1/2); [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(1)(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/1/3), [Sch. 24 paras. 1(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/1/4), [12(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/12/2), [15(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/15/1/b), [18(1)-(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/18/1), [20(1)(a)(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/20/1/a/3), [25(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/25/1) (with retrospective effect to 11.1.1994); [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [ss. 21](https://www.legislation.gov.uk/ukpga/1994/21/section/21), [68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 paras. 11(1)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/11/1), [14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14), [17(2)-(4)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/17/2), [19(1)(a)(3)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/19/1/a/3); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule); [The Lloyd's Underwriters (Tax) (1991-92) Regulations 1994 (S.I. 1994/728)](https://www.legislation.gov.uk/uksi/1994/728), [reg.3](https://www.legislation.gov.uk/uksi/1994/728/regulation/3) (with effect for the year of assessment 1991-92); [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [ss. 152](https://www.legislation.gov.uk/ukpga/1995/4/section/152), [157(12)](https://www.legislation.gov.uk/ukpga/1995/4/section/157/12); [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 154](https://www.legislation.gov.uk/ukpga/1995/4/section/154) (with retrospective effect to 29.11.1994); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [Sch. 5A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5A) (as inserted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 85(2)(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/85/2/3), [Sch. 19](https://www.legislation.gov.uk/ukpga/1995/4/schedule/19)); [Crown Agents Act 1995 (c. 24)](https://www.legislation.gov.uk/ukpga/1995/24), [s. 7(3)-(5)](https://www.legislation.gov.uk/ukpga/1995/24/section/7/3); [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [s. 8](https://www.legislation.gov.uk/ukpga/1995/37/section/8), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/1), [2](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/2), [7](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/7), [13](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/13); [Gas Act 1995 (c. 45)](https://www.legislation.gov.uk/ukpga/1995/45), [s. 17(1)(2)](https://www.legislation.gov.uk/ukpga/1995/45/section/17/1/2), [Sch. 5 paras. 1](https://www.legislation.gov.uk/ukpga/1995/45/schedule/5/paragraph/1), [10(1)-(3)](https://www.legislation.gov.uk/ukpga/1995/45/schedule/5/paragraph/10/1); [The Friendly Societies (Taxation of Transfers of Business) Regulations 1995 (S.I. 1995/171)](https://www.legislation.gov.uk/uksi/1995/171), [reg. 3](https://www.legislation.gov.uk/uksi/1995/171/regulation/3); [The Lloyd's Underwriters (Tax) Regulations 1995 (S.I. 1995/351)](https://www.legislation.gov.uk/uksi/1995/351), [reg. 4](https://www.legislation.gov.uk/uksi/1995/351/regulation/4) (with [regs. 5-8](https://www.legislation.gov.uk/uksi/1995/351/regulation/5) and [S.I. 1995/352](https://www.legislation.gov.uk/uksi/1995/352), [regs. 6-12](https://www.legislation.gov.uk/uksi/1995/352/regulation/6), [14](https://www.legislation.gov.uk/uksi/1995/352/regulation/14), [15](https://www.legislation.gov.uk/uksi/1995/352/regulation/15)); [The Lloyd's Underwriters (Tax) (1992-93 to 1996-97) Regulations 1995 (S.I. 1995/352)](https://www.legislation.gov.uk/uksi/1995/352), [regs. 1](https://www.legislation.gov.uk/uksi/1995/352/regulation/1), [4](https://www.legislation.gov.uk/uksi/1995/352/regulation/4) (with [regs. 6-12](https://www.legislation.gov.uk/uksi/1995/352/regulation/6), [14](https://www.legislation.gov.uk/uksi/1995/352/regulation/14), [15](https://www.legislation.gov.uk/uksi/1995/352/regulation/15) and [S.I. 1995/351](https://www.legislation.gov.uk/uksi/1995/351), [regs. 5-8](https://www.legislation.gov.uk/uksi/1995/351/regulation/5)) (with effect for the years of assessment 1992-93 to 1996-97); [The Income Tax (Manufactured Dividends) (Tradepoint) Regulations 1995 (S.I. 1995/2052)](https://www.legislation.gov.uk/uksi/1995/2052), [regs. 1](https://www.legislation.gov.uk/uksi/1995/2052/regulation/1), [10](https://www.legislation.gov.uk/uksi/1995/2052/regulation/10); [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 81(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/81/1), [151(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/151/1), [152](https://www.legislation.gov.uk/ukpga/1996/8/section/152), [154(2)(5)(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/2/5/9), [Sch. 10 para. 4(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10/paragraph/4/2), [Sch. 11 para. 4(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11/paragraph/4/4); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 689A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/689A/2) (as inserted by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 paras. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/16), [28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28)); [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [Sch. 7 paras. 1(3)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/1/3), [18](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/18), [27](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/27); [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 79(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/79/3), [Sch. 7 paras. 2(1)(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/2/1/3), [3(2)(5)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/3/2/5), [7(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/7/2); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [Sch. 23A paras. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/3), [8(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/2A) (as substituted and inserted respectively by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 paras. 11(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/11/1), [13(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/13/3), [16](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16)); [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [ss. 28A](https://www.legislation.gov.uk/ukpga/1990/1/section/28A), [29(1)(1A)](https://www.legislation.gov.uk/ukpga/1990/1/section/29/1/1A) (as inserted and substituted respectively by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 15 paras. 3](https://www.legislation.gov.uk/ukpga/1997/16/schedule/15/paragraph/3), [4](https://www.legislation.gov.uk/ukpga/1997/16/schedule/15/paragraph/4)) [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 29(1)](https://www.legislation.gov.uk/ukpga/1997/58/section/29/1), [Sch. 6 para. 23](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/23); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 1A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/5) (as substituted by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 31(4)(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/31/4/6); [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 3](https://www.legislation.gov.uk/uksi/1997/473/regulation/3) (as amended by [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [art. 165(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/165/2/a); [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 4](https://www.legislation.gov.uk/uksi/2004/822/regulation/4)) [The Open-ended Investment Companies (Tax) Regulations 1997 (S.I. 1997/1154)](https://www.legislation.gov.uk/uksi/1997/1154), [regs. 1](https://www.legislation.gov.uk/uksi/1997/1154/regulation/1), [3-23](https://www.legislation.gov.uk/uksi/1997/1154/regulation/3) (as amended by [S.I. 1997/1715](https://www.legislation.gov.uk/uksi/1997/1715)); [The Lloyd's Underwriters (Scottish Limited Partnerships) (Tax) Regulations 1997 (S.I. 1997/2681)](https://www.legislation.gov.uk/uksi/1997/2681), [regs. 1](https://www.legislation.gov.uk/uksi/1997/2681/regulation/1), [9](https://www.legislation.gov.uk/uksi/1997/2681/regulation/9); [Teaching and Higher Education Act 1998 (c. 30)](https://www.legislation.gov.uk/ukpga/1998/30), [s. 22(5)(g)](https://www.legislation.gov.uk/ukpga/1998/30/section/22/5/g); [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 30(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/30/3), [31(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/31/2), [32(8)](https://www.legislation.gov.uk/ukpga/1998/36/section/32/8), [46](https://www.legislation.gov.uk/ukpga/1998/36/section/46), [47(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/47/3/a), [117](https://www.legislation.gov.uk/ukpga/1998/36/section/117), [161(2)(b)(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/b/7), [Sch. 18](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [ss. 65A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/65A/3), [70A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/70A/3), [596C](https://www.legislation.gov.uk/ukpga/1988/1/section/596C), [754(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/2), [Sch. 28AA para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/2/b) (as inserted or substituted (as the case may be) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38](https://www.legislation.gov.uk/ukpga/1998/36/section/38), [93(3)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/93/3/4), [108(5)(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/108/5/6), [Sch. 5 paras. 24](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/24), [25](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/25), [73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73), [Sch. 16](https://www.legislation.gov.uk/ukpga/1998/36/schedule/16), [Sch. 17 paras. 9(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/4), [37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37); [Regional Development Agencies Act 1998 (c. 45)](https://www.legislation.gov.uk/ukpga/1998/45), [s. 38](https://www.legislation.gov.uk/ukpga/1998/45/section/38); [S.I. 1998/2952](https://www.legislation.gov.uk/uksi/1998/2952), [art. 2(2)](https://www.legislation.gov.uk/uksi/1998/2952/article/2/2); [Scotland Act 1998 (c. 46)](https://www.legislation.gov.uk/ukpga/1998/46), [s. 73(2)](https://www.legislation.gov.uk/ukpga/1998/46/section/73/2); [S.I. 1998/3178](https://www.legislation.gov.uk/uksi/1998/3178), [art. 2(2)](https://www.legislation.gov.uk/uksi/1998/3178/article/2/2), [Sch. 3](https://www.legislation.gov.uk/uksi/1998/3178/schedule/3); [The European Single Currency (Taxes) Regulations 1998 (S.I. 1998/3177)](https://www.legislation.gov.uk/uksi/1998/3177), [regs. 1](https://www.legislation.gov.uk/uksi/1998/3177/regulation/1), [21](https://www.legislation.gov.uk/uksi/1998/3177/regulation/21); [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/68/4); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 469A](https://www.legislation.gov.uk/ukpga/1988/1/section/469A) (as inserted by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 68(1)(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/68/1/3)); [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [ss. 6(2)(c)](https://www.legislation.gov.uk/ukpga/1999/20/section/6/2/c), [16(1)(4)(c)(5)](https://www.legislation.gov.uk/ukpga/1999/20/section/16/1/4/c/5); [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 14 para. 43](https://www.legislation.gov.uk/ukpga/2000/17/schedule/14/paragraph/43); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 587B(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/2/b) (as inserted by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 43(1)(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/43/1/3)); [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [ss. 253(4)](https://www.legislation.gov.uk/ukpga/2001/2/section/253/4), [260(5)](https://www.legislation.gov.uk/ukpga/2001/2/section/260/5), [579](https://www.legislation.gov.uk/ukpga/2001/2/section/579), [Sch. 3 paras. 54](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/54), [55](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/55); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 118ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZA) (as substituted by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 75(1)(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/75/1/6)); [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [ss. 55(2)-(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/55/2)(7), 83(1)(a)(3), Sch. 26 para. 51; [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [ss. 56](https://www.legislation.gov.uk/ukpga/2003/1/section/56), [566(2)](https://www.legislation.gov.uk/ukpga/2003/1/section/566/2), [723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) (with [s. 48(2)](https://www.legislation.gov.uk/ukpga/2003/1/section/48/2), [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))); [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [ss. 148(1)-(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/148/1), [150](https://www.legislation.gov.uk/ukpga/2003/14/section/150), [195](https://www.legislation.gov.uk/ukpga/2003/14/section/195); [The Taxation of Benefits under Government Pilot Schemes (Return to Work Credit and Employment Retention and Advancement Schemes) Order 2003 (S.I. 2003/2339)](https://www.legislation.gov.uk/uksi/2003/2339), [arts. 1](https://www.legislation.gov.uk/uksi/2003/2339/article/1), [3](https://www.legislation.gov.uk/uksi/2003/2339/article/3); [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 51](https://www.legislation.gov.uk/ukpga/2004/12/section/51), [188(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/188/7), [192(8)(10)](https://www.legislation.gov.uk/ukpga/2004/12/section/192/8/10), [205(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/205/7), [206(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/206/7), [207(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/207/7), [208(8)](https://www.legislation.gov.uk/ukpga/2004/12/section/208/8), [215(11)](https://www.legislation.gov.uk/ukpga/2004/12/section/215/11), [227(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/227/5), [254(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/254/7), [255(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/255/3), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36)); [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23),Sch. 26 para. 36(2) (as substituted by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 52(1)(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/52/1/3), [Sch. 10 para. 62](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/62)); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 837C](https://www.legislation.gov.uk/ukpga/1988/1/section/837C) (as inserted by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 paras. 1](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/1), [3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/3)); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [Sch. 19B para. 15(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/15/2) (as inserted by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 38](https://www.legislation.gov.uk/ukpga/2004/12/schedule/38)); [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [ss. 27(10)](https://www.legislation.gov.uk/ukpga/2004/20/section/27/10), [28(5)](https://www.legislation.gov.uk/ukpga/2004/20/section/28/5), [29(6)](https://www.legislation.gov.uk/ukpga/2004/20/section/29/6), [30(6)](https://www.legislation.gov.uk/ukpga/2004/20/section/30/6), [38(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/38/2), [44(5)](https://www.legislation.gov.uk/ukpga/2004/20/section/44/5), [Sch. 9 para. 37(3)](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/37/3); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1); [Horserace Betting and Olympic Lottery Act 2004 (c. 25)](https://www.legislation.gov.uk/ukpga/2004/25), [ss. 4(1)](https://www.legislation.gov.uk/ukpga/2004/25/section/4/1), [5(3)(c)(4)](https://www.legislation.gov.uk/ukpga/2004/25/section/5/3/c/4); [S.I. 2011/462](https://www.legislation.gov.uk/uksi/2011/462), [art. 2](https://www.legislation.gov.uk/uksi/2011/462/article/2); [The Taxation of Benefits under Government Pilot Schemes (Working Neighbourhoods Pilot and In Work Credit) Order 2004 (S.I. 2004/575)](https://www.legislation.gov.uk/uksi/2004/575), [art. 3](https://www.legislation.gov.uk/uksi/2004/575/article/3); [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [ss. 41(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/41/4), [50](https://www.legislation.gov.uk/ukpga/2005/7/section/50), [53](https://www.legislation.gov.uk/ukpga/2005/7/section/53), [54](https://www.legislation.gov.uk/ukpga/2005/7/section/54), [56](https://www.legislation.gov.uk/ukpga/2005/7/section/56), [83(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/83/1); [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [Sch. 10 para. 34(2)](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/34/2); [S.I. 2005/1444](https://www.legislation.gov.uk/uksi/2005/1444), [art. 2(1)](https://www.legislation.gov.uk/uksi/2005/1444/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2005/1444/schedule/1); [S.I. 2005/1909](https://www.legislation.gov.uk/uksi/2005/1909), art, 2, Sch.; [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 7(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/7/2), [8](https://www.legislation.gov.uk/ukpga/2005/22/section/8), [9](https://www.legislation.gov.uk/ukpga/2005/22/section/9); [Finance Act 1988 (c.39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 66A(2)(4)](https://www.legislation.gov.uk/ukpga/1988/39/section/66A/2/4) (as inserted by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 60(1)(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/60/1/3)); [The Pension Protection Fund (Tax) (2005-06) Regulations 2005 (S.I. 2005/1907)](https://www.legislation.gov.uk/uksi/2005/1907), [reg. 4](https://www.legislation.gov.uk/uksi/2005/1907/regulation/4); [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [reg. 3](https://www.legislation.gov.uk/uksi/2005/2014/regulation/3); [The Donations to Charity by Individuals (Appropriate Declarations) (Amendment) Regulations 2005 (S.I. 2005/2790)](https://www.legislation.gov.uk/uksi/2005/2790), [regs. 6](https://www.legislation.gov.uk/uksi/2005/2790/regulation/6), [7](https://www.legislation.gov.uk/uksi/2005/2790/regulation/7); [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 4](https://www.legislation.gov.uk/uksi/2006/575/regulation/4); [Telecommunications Act 1984 (c. 12)](https://www.legislation.gov.uk/ukpga/1984/12), [s. 72(3)](https://www.legislation.gov.uk/ukpga/1984/12/section/72/3) (as substituted by [S.I. 2006/745](https://www.legislation.gov.uk/uksi/2006/745), [art. 2](https://www.legislation.gov.uk/uksi/2006/745/article/2)); [The Group Relief for Overseas Losses (Modification of the Corporation Tax Acts for Non-resident Insurance Companies) Regulations 2006 (S.I. 2006/3218)](https://www.legislation.gov.uk/uksi/2006/3218), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2006/3218/regulation/1/1/2), [2-12](https://www.legislation.gov.uk/uksi/2006/3218/regulation/2); [The Group Relief for Overseas Losses (Modification of the Corporation Tax Acts for Non-resident Insurance Companies) (No. 2) Regulations 2006 (S.I. 2006/3389)](https://www.legislation.gov.uk/uksi/2006/3389), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2006/3389/regulation/1/1/2), [2-10](https://www.legislation.gov.uk/uksi/2006/3389/regulation/2) (as amended by [S.I. 2007/2147](https://www.legislation.gov.uk/uksi/2007/2147), [regs. 1-6](https://www.legislation.gov.uk/uksi/2007/2147/regulation/1)); [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [ss. 414](https://www.legislation.gov.uk/ukpga/2007/3/section/414), [466](https://www.legislation.gov.uk/ukpga/2007/3/section/466), [467](https://www.legislation.gov.uk/ukpga/2007/3/section/467), [473(5)(6)](https://www.legislation.gov.uk/ukpga/2007/3/section/473/5/6), [474](https://www.legislation.gov.uk/ukpga/2007/3/section/474), [477](https://www.legislation.gov.uk/ukpga/2007/3/section/477), [513(4)](https://www.legislation.gov.uk/ukpga/2007/3/section/513/4), [573](https://www.legislation.gov.uk/ukpga/2007/3/section/573), [576](https://www.legislation.gov.uk/ukpga/2007/3/section/576), [578](https://www.legislation.gov.uk/ukpga/2007/3/section/578), [586(2)](https://www.legislation.gov.uk/ukpga/2007/3/section/586/2), [597(2)](https://www.legislation.gov.uk/ukpga/2007/3/section/597/2), [711(2)](https://www.legislation.gov.uk/ukpga/2007/3/section/711/2), [959](https://www.legislation.gov.uk/ukpga/2007/3/section/959), [963(4)](https://www.legislation.gov.uk/ukpga/2007/3/section/963/4), [970(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/970/1), [988-1016](https://www.legislation.gov.uk/ukpga/2007/3/section/988) (Pt. 16) (with Sch. 2); [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 61G](https://www.legislation.gov.uk/ukpga/2003/1/section/61G) (as inserted by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 25](https://www.legislation.gov.uk/ukpga/2007/11/section/25), [Sch. 3 para. 4](https://www.legislation.gov.uk/ukpga/2007/11/schedule/3/paragraph/4)); [Consumers, Estate Agents and Redress Act 2007 (c. 17)](https://www.legislation.gov.uk/ukpga/2007/17), [Sch. 4 para. 11](https://www.legislation.gov.uk/ukpga/2007/17/schedule/4/paragraph/11); [S.I. 2007/3546](https://www.legislation.gov.uk/uksi/2007/3546), [art. 3](https://www.legislation.gov.uk/uksi/2007/3546/article/3), [Sch.](https://www.legislation.gov.uk/uksi/2007/3546/schedule); [The Corporation Tax (Taxation of Films) (Transitional Provisions) Regulations 2007 (S.I. 2007/1050)](https://www.legislation.gov.uk/uksi/2007/1050), [regs. 1](https://www.legislation.gov.uk/uksi/2007/1050/regulation/1), [3-12](https://www.legislation.gov.uk/uksi/2007/1050/regulation/3) (as amended by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 2 para. 131](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/paragraph/131) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))); [The Securitisation Companies (Application of Section 83(1) of the Finance Act 2005: Accounting Standards) Regulations 2007 (S.I. 2007/3338](https://www.legislation.gov.uk/uksi/2007/3338)), [reg. 3](https://www.legislation.gov.uk/uksi/2007/3338/regulation/3); [The Taxation of Insurance Securitisation Companies Regulations 2007 (S.I. 2007/3402)](https://www.legislation.gov.uk/uksi/2007/3402), [regs. 1](https://www.legislation.gov.uk/uksi/2007/3402/regulation/1), [6](https://www.legislation.gov.uk/uksi/2007/3402/regulation/6); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 461D(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/461D/4) (as inserted by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 18 para. 3](https://www.legislation.gov.uk/ukpga/2008/9/schedule/18/paragraph/3)); [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 840A(3)](https://www.legislation.gov.uk/ukpga/2005/5/section/840A/3) (as inserted by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 paras. 69](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/69), [81](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/81)); [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 3(2)(4)](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/3/2/4); [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [regs. 69Z15(2)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z15/2), [69Z16(2)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z16/2), [69Z17(2)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z17/2) (as inserted by [S.I. 2008/705](https://www.legislation.gov.uk/uksi/2008/705), [reg. 5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5)); [The Friendly Societies (Transfers of Other Business) (Modification of the Corporation Tax Acts) Regulations 2008 (S.I. 2008/1942)](https://www.legislation.gov.uk/uksi/2008/1942), [regs. 1-7](https://www.legislation.gov.uk/uksi/2008/1942/regulation/1); [The Group Relief for Overseas Losses (Modification of the Corporation Tax Acts for Non-resident Insurance Companies) Regulations 2008 (S.I. 2008/2646)](https://www.legislation.gov.uk/uksi/2008/2646), [regs. 1](https://www.legislation.gov.uk/uksi/2008/2646/regulation/1), [2](https://www.legislation.gov.uk/uksi/2008/2646/regulation/2); [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 2(4)](https://www.legislation.gov.uk/ukpga/2009/4/section/2/4), [3](https://www.legislation.gov.uk/ukpga/2009/4/section/3), [294(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/294/2), [481(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/481/2), [490(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/490/2), [509(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/509/2), [515](https://www.legislation.gov.uk/ukpga/2009/4/section/515), [516(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/516/1), [521(4)(e)(5)](https://www.legislation.gov.uk/ukpga/2009/4/section/521/4/e/5), [539(6)](https://www.legislation.gov.uk/ukpga/2009/4/section/539/6), [540(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/540/3), [545](https://www.legislation.gov.uk/ukpga/2009/4/section/545), [550](https://www.legislation.gov.uk/ukpga/2009/4/section/550), [592(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/592/3), [593(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/593/2), [608(7)](https://www.legislation.gov.uk/ukpga/2009/4/section/608/7), [799(1)(b)](https://www.legislation.gov.uk/ukpga/2009/4/section/799/1/b), [802(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/802/2), [855(7)(8)](https://www.legislation.gov.uk/ukpga/2009/4/section/855/7/8), [969](https://www.legislation.gov.uk/ukpga/2009/4/section/969), [1273](https://www.legislation.gov.uk/ukpga/2009/4/section/1273), [1329](https://www.legislation.gov.uk/ukpga/2009/4/section/1329) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2)); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 230A](https://www.legislation.gov.uk/ukpga/1988/1/section/230A) (as inserted by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 100](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/100)); [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [s. 25](https://www.legislation.gov.uk/ukpga/2009/10/section/25); [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 521B(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/521B/2) (as inserted by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 24 paras. 4](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/4), [12-16](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/12)); [The Education (Student Loans) (Repayment) Regulations (Northern Ireland) 2009 (S.R. 2009/128)](https://www.legislation.gov.uk/nisr/2009/128), [regs. 1(1)](https://www.legislation.gov.uk/nisr/2009/128/regulation/1/1), [4](https://www.legislation.gov.uk/nisr/2009/128/regulation/4), [26(2)](https://www.legislation.gov.uk/nisr/2009/128/regulation/26/2); [The Education (Student Loans) (Repayment) Regulations 2009 (S.I. 2009/470)](https://www.legislation.gov.uk/uksi/2009/470), [regs. 1](https://www.legislation.gov.uk/uksi/2009/470/regulation/1), [4-7](https://www.legislation.gov.uk/uksi/2009/470/regulation/4), [31(2)](https://www.legislation.gov.uk/uksi/2009/470/regulation/31/2); [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69Z61](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z61) (as inserted by [S.I. 2009/2036](https://www.legislation.gov.uk/uksi/2009/2036), [reg. 24](https://www.legislation.gov.uk/uksi/2009/2036/regulation/24)); [The Mutual Societies (Transfers of Business) (Tax) Regulations 2009 (S.I. 2009/2971)](https://www.legislation.gov.uk/uksi/2009/2971), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/1/1/2), [4](https://www.legislation.gov.uk/uksi/2009/2971/regulation/4); [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1), [16(2)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/16/2), [94](https://www.legislation.gov.uk/uksi/2009/3001/regulation/94) (with [Sch. 1](https://www.legislation.gov.uk/uksi/2009/3001/schedule/1)); [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 128](https://www.legislation.gov.uk/ukpga/2010/4/section/128), [620](https://www.legislation.gov.uk/ukpga/2010/4/section/620), [624](https://www.legislation.gov.uk/ukpga/2010/4/section/624), [625](https://www.legislation.gov.uk/ukpga/2010/4/section/625), [778](https://www.legislation.gov.uk/ukpga/2010/4/section/778), [784](https://www.legislation.gov.uk/ukpga/2010/4/section/784), [786](https://www.legislation.gov.uk/ukpga/2010/4/section/786), [876](https://www.legislation.gov.uk/ukpga/2010/4/section/876), [950(5)](https://www.legislation.gov.uk/ukpga/2010/4/section/950/5), [996(1)(2)](https://www.legislation.gov.uk/ukpga/2010/4/section/996/1/2), [1070](https://www.legislation.gov.uk/ukpga/2010/4/section/1070), [1071](https://www.legislation.gov.uk/ukpga/2010/4/section/1071), [1166](https://www.legislation.gov.uk/ukpga/2010/4/section/1166) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2)); [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 79(2)](https://www.legislation.gov.uk/ukpga/2010/8/section/79/2), [192](https://www.legislation.gov.uk/ukpga/2010/8/section/192), [220](https://www.legislation.gov.uk/ukpga/2010/8/section/220) (with [ss. 213](https://www.legislation.gov.uk/ukpga/2010/8/section/213), [214](https://www.legislation.gov.uk/ukpga/2010/8/section/214), [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1)); [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 809CZB(2)](https://www.legislation.gov.uk/ukpga/2007/3/section/809CZB/2) (as inserted by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 5 para. 7](https://www.legislation.gov.uk/ukpga/2010/8/schedule/5/paragraph/7) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1))); [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 53(5)(7)-(10)](https://www.legislation.gov.uk/ukpga/2011/11/section/53/5/7), [Sch. 2 paras. 53(4)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/2/paragraph/53/4), [54(6)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/2/paragraph/54/6); [The Taxation of Equitable Life (Payments) Order 2011 (S.I. 2011/1502)](https://www.legislation.gov.uk/uksi/2011/1502), [arts. 1](https://www.legislation.gov.uk/uksi/2011/1502/article/1), [3](https://www.legislation.gov.uk/uksi/2011/1502/article/3); [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [ss. 69(b)](https://www.legislation.gov.uk/ukpga/2012/14/section/69/b), [71(3)](https://www.legislation.gov.uk/ukpga/2012/14/section/71/3), [72](https://www.legislation.gov.uk/ukpga/2012/14/section/72), [142(1)(b)](https://www.legislation.gov.uk/ukpga/2012/14/section/142/1/b), [143(1)(b)](https://www.legislation.gov.uk/ukpga/2012/14/section/143/1/b), [144(1)](https://www.legislation.gov.uk/ukpga/2012/14/section/144/1), [148](https://www.legislation.gov.uk/ukpga/2012/14/section/148), [151](https://www.legislation.gov.uk/ukpga/2012/14/section/151), [152](https://www.legislation.gov.uk/ukpga/2012/14/section/152), [158(5)](https://www.legislation.gov.uk/ukpga/2012/14/section/158/5), [166(5)(6)](https://www.legislation.gov.uk/ukpga/2012/14/section/166/5/6), [167(4)](https://www.legislation.gov.uk/ukpga/2012/14/section/167/4) (with [Sch. 17](https://www.legislation.gov.uk/ukpga/2012/14/schedule/17)); [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 793(8)](https://www.legislation.gov.uk/ukpga/2010/4/section/793/8), [812(5A)](https://www.legislation.gov.uk/ukpga/2010/4/section/812/5A) (as inserted by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 22(2)-(4)](https://www.legislation.gov.uk/ukpga/2012/14/section/22/2)); [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 371SO(2)](https://www.legislation.gov.uk/ukpga/2010/8/section/371SO/2) (as inserted by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 20 para. 1](https://www.legislation.gov.uk/ukpga/2012/14/schedule/20/paragraph/1)); [Small Charitable Donations Act 2012 (c. 23)](https://www.legislation.gov.uk/ukpga/2012/23), [ss. 15](https://www.legislation.gov.uk/ukpga/2012/23/section/15), [21(1)](https://www.legislation.gov.uk/ukpga/2012/23/section/21/1); [The Bank Levy (Double Taxation Relief) Regulations 2012 (S.I. 2012/458)](https://www.legislation.gov.uk/uksi/2012/458), [regs. 1](https://www.legislation.gov.uk/uksi/2012/458/regulation/1), [13](https://www.legislation.gov.uk/uksi/2012/458/regulation/13); [The Bank Levy (Double Taxation Arrangements) (Federal Republic of Germany) Regulations 2012 (S.I. 2012/459)](https://www.legislation.gov.uk/uksi/2012/459), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2012/459/regulation/1/1/2), [11](https://www.legislation.gov.uk/uksi/2012/459/regulation/11); [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Pt. 11ZA](https://www.legislation.gov.uk/ukpga/2007/3/part/11ZA) (ss. 614ZA-614ZD) (as inserted by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 29 paras. 1](https://www.legislation.gov.uk/ukpga/2013/29/schedule/29/paragraph/1), [51](https://www.legislation.gov.uk/ukpga/2013/29/schedule/29/paragraph/51)); [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [Pt. 17A](https://www.legislation.gov.uk/ukpga/2010/4/part/17A) (ss. 814A-814D) (as inserted by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 29 paras. 2](https://www.legislation.gov.uk/ukpga/2013/29/schedule/29/paragraph/2), [51](https://www.legislation.gov.uk/ukpga/2013/29/schedule/29/paragraph/51)); [The Taxation of Regulatory Capital Securities Regulations 2013 (S.I. 2013/3209)](https://www.legislation.gov.uk/uksi/2013/3209), [regs. 1](https://www.legislation.gov.uk/uksi/2013/3209/regulation/1), [3](https://www.legislation.gov.uk/uksi/2013/3209/regulation/3) (with [reg. 8](https://www.legislation.gov.uk/uksi/2013/3209/regulation/8)); [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 223(8)(9)(a)](https://www.legislation.gov.uk/ukpga/2014/26/section/223/8/9/a); [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 490(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/490/2) (as substituted by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 27(3)(7)-(9)](https://www.legislation.gov.uk/ukpga/2014/26/section/27/3/7)); [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 329N(2)](https://www.legislation.gov.uk/ukpga/2010/4/section/329N/2) (as inserted by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 14 paras. 1](https://www.legislation.gov.uk/ukpga/2014/26/schedule/14/paragraph/1), [4](https://www.legislation.gov.uk/ukpga/2014/26/schedule/14/paragraph/4)); [Social Security Contributions and Benefits Act 1992 (c. 4)](https://www.legislation.gov.uk/ukpga/1992/4), [s. 11A(1)(3)](https://www.legislation.gov.uk/ukpga/1992/4/section/11A/1/3) (as inserted by [National Insurance Contributions Act 2015 (c. 5)](https://www.legislation.gov.uk/ukpga/2015/5), [Sch. 1 paras. 3](https://www.legislation.gov.uk/ukpga/2015/5/schedule/1/paragraph/3), [35](https://www.legislation.gov.uk/ukpga/2015/5/schedule/1/paragraph/35)); [Social Security Contributions and Benefits (Northern Ireland) Act 1992 (c. 7)](https://www.legislation.gov.uk/ukpga/1992/7), [s. 11A(1)(3)](https://www.legislation.gov.uk/ukpga/1992/7/section/11A/1/3) (as inserted by [National Insurance Contributions Act 2015 (c. 5)](https://www.legislation.gov.uk/ukpga/2015/5), [Sch. 1 paras. 12](https://www.legislation.gov.uk/ukpga/2015/5/schedule/1/paragraph/12), [35](https://www.legislation.gov.uk/ukpga/2015/5/schedule/1/paragraph/35)); [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [ss. 99(2)](https://www.legislation.gov.uk/ukpga/2015/11/section/99/2), [116](https://www.legislation.gov.uk/ukpga/2015/11/section/116); [Taxes Management Act 1970 (c. 9)](https://www.legislation.gov.uk/ukpga/1970/9), [ss. 12ZH](https://www.legislation.gov.uk/ukpga/1970/9/section/12ZH), [12ZI](https://www.legislation.gov.uk/ukpga/1970/9/section/12ZI), [59AB](https://www.legislation.gov.uk/ukpga/1970/9/section/59AB) (as inserted by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 paras. 43](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/43), [51](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/51), [60](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/60)); [The Education (Postgraduate Master?s Degree Loans) Regulations 2016 (S.I. 2016/606)](https://www.legislation.gov.uk/uksi/2016/606), [regs. 1](https://www.legislation.gov.uk/uksi/2016/606/regulation/1), [67(1)](https://www.legislation.gov.uk/uksi/2016/606/regulation/67/1); [The Bank Levy (Double Taxation Relief) (Single Resolution Fund Levy) Regulations 2016 (S.I. 2016/1212)](https://www.legislation.gov.uk/uksi/2016/1212), [regs. 1](https://www.legislation.gov.uk/uksi/2016/1212/regulation/1), [16](https://www.legislation.gov.uk/uksi/2016/1212/regulation/16); [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 61R](https://www.legislation.gov.uk/ukpga/2003/1/section/61R) (as inserted by [Finance Act 2017 (c. 10)](https://www.legislation.gov.uk/ukpga/2017/10), [Sch. 1 paras. 9](https://www.legislation.gov.uk/ukpga/2017/10/schedule/1/paragraph/9), [16](https://www.legislation.gov.uk/ukpga/2017/10/schedule/1/paragraph/16)); [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [ss. 124A(6)](https://www.legislation.gov.uk/ukpga/2012/14/section/124A/6), [124B(7)](https://www.legislation.gov.uk/ukpga/2012/14/section/124B/7), [124C(7)](https://www.legislation.gov.uk/ukpga/2012/14/section/124C/7) (as inserted by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 4 paras. 26](https://www.legislation.gov.uk/ukpga/2017/32/schedule/4/paragraph/26), [190-192](https://www.legislation.gov.uk/ukpga/2017/32/schedule/4/paragraph/190)); [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 303B(5)](https://www.legislation.gov.uk/ukpga/2010/4/section/303B/5), [303C(7)](https://www.legislation.gov.uk/ukpga/2010/4/section/303C/7), [303D(6)](https://www.legislation.gov.uk/ukpga/2010/4/section/303D/6), [321(2A)](https://www.legislation.gov.uk/ukpga/2010/4/section/321/2A) (as inserted by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 4 paras. 48](https://www.legislation.gov.uk/ukpga/2017/32/schedule/4/paragraph/48), [52(3)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/4/paragraph/52/3), [190-192](https://www.legislation.gov.uk/ukpga/2017/32/schedule/4/paragraph/190)); [Taxes Management Act 1970 (c. 9)](https://www.legislation.gov.uk/ukpga/1970/9), [ss. 28A(8)](https://www.legislation.gov.uk/ukpga/1970/9/section/28A/8), [28B(9)](https://www.legislation.gov.uk/ukpga/1970/9/section/28B/9) (as inserted by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 15 paras. 12(6)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/15/paragraph/12/6), [13(6)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/15/paragraph/13/6), [44](https://www.legislation.gov.uk/ukpga/2017/32/schedule/15/paragraph/44)); [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 18 para. 32(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18/paragraph/32/4) (as inserted by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 15 paras. 28(4)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/15/paragraph/28/4), [44](https://www.legislation.gov.uk/ukpga/2017/32/schedule/15/paragraph/44)) [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 3 paras. 7, 9,](https://www.legislation.gov.uk/ukpga/2019/1/schedule/3/paragraph/9)[12](https://www.legislation.gov.uk/ukpga/2019/1/schedule/3/paragraph/12), [13](https://www.legislation.gov.uk/ukpga/2019/1/schedule/3/paragraph/13); [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 420A(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/420A/2) (as inserted by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 20 paras. 2](https://www.legislation.gov.uk/ukpga/2019/1/schedule/20/paragraph/2), [10(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/20/paragraph/10/a), [16](https://www.legislation.gov.uk/ukpga/2019/1/schedule/20/paragraph/16)); [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 270HE](https://www.legislation.gov.uk/ukpga/2001/2/section/270HE) (as inserted by [The Capital Allowances (Structures and Buildings Allowances) Regulations 2019 (S.I. 2019/1087)](https://www.legislation.gov.uk/uksi/2019/1087), [regs. 1](https://www.legislation.gov.uk/uksi/2019/1087/regulation/1), [2](https://www.legislation.gov.uk/uksi/2019/1087/regulation/2)
[^c21566901]: Act (except ss. 201 and 684) amended (1.1.1992) by [S.I. 1991/2684](https://www.legislation.gov.uk/uksi/1991/2684), [arts. 2](https://www.legislation.gov.uk/uksi/1991/2684/article/2), [4](https://www.legislation.gov.uk/uksi/1991/2684/article/4),Sch. 1
[^c22719381]: Act: [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [Sch. 4 Pt. 1](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/part/1) to be construed as one with this Act (19.9.1994) by virtue of ss. 21, 68(4) of, and Sch. 4 para. 1(2) to, that Act); [S.I. 1999/2189](https://www.legislation.gov.uk/uksi/1999/2189), [art. 2](https://www.legislation.gov.uk/uksi/1999/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1999/2189/schedule)
[^c23369051]: Act modified (17.9.2004 with effect in accordance with reg. 1 of the modifying S.I.) by [The Overseas Life Insurance Companies Regulations 2004 (S.I. 2004/2200)](https://www.legislation.gov.uk/uksi/2004/2200), [regs. 3](https://www.legislation.gov.uk/uksi/2004/2200/regulation/3), [4](https://www.legislation.gov.uk/uksi/2004/2200/regulation/4)
[^c23369081]: Act modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [reg. 7](https://www.legislation.gov.uk/uksi/2005/2014/regulation/7)
[^c23369091]: Act modified (1.4.2006 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 94](https://www.legislation.gov.uk/uksi/2006/964/regulation/94) (as amended by [S.I. 2008/3159](https://www.legislation.gov.uk/uksi/2008/3159), [regs. 1(2)(4)](https://www.legislation.gov.uk/uksi/2008/3159/regulation/1/2/4), [28](https://www.legislation.gov.uk/uksi/2008/3159/regulation/28))
[^c23369101]: Act modified (31.12.2006 with effect in accordance with reg. 1 of the modifying S.I.) by [The Overseas Life Insurance Companies Regulations 2006 (S.I. 2006/3271)](https://www.legislation.gov.uk/uksi/2006/3271), [regs. 1](https://www.legislation.gov.uk/uksi/2006/3271/regulation/1), [3-18](https://www.legislation.gov.uk/uksi/2006/3271/regulation/3) (as amended by: [S.I. 2007/2146](https://www.legislation.gov.uk/uksi/2007/2146), [regs. 1](https://www.legislation.gov.uk/uksi/2007/2146/regulation/1), [3-13](https://www.legislation.gov.uk/uksi/2007/2146/regulation/3); [S.I. 2007/3449](https://www.legislation.gov.uk/uksi/2007/3449), [regs. 1](https://www.legislation.gov.uk/uksi/2007/3449/regulation/1), [3-6](https://www.legislation.gov.uk/uksi/2007/3449/regulation/3); [S.I. 2008/1924](https://www.legislation.gov.uk/uksi/2008/1924), [regs. 1](https://www.legislation.gov.uk/uksi/2008/1924/regulation/1), [3-12](https://www.legislation.gov.uk/uksi/2008/1924/regulation/3))
[^c23369111]: Act modified (12.12.2006 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Taxation of Securitisation Companies Regulations 2006 (S.I. 2006/3296)](https://www.legislation.gov.uk/uksi/2006/3296), [reg. 15](https://www.legislation.gov.uk/uksi/2006/3296/regulation/15) (as amended by [S.I. 2018/143](https://www.legislation.gov.uk/uksi/2018/143), [regs. 1](https://www.legislation.gov.uk/uksi/2018/143/regulation/1), [10(1)](https://www.legislation.gov.uk/uksi/2018/143/regulation/10/1))
[^c23369121]: Act modified (with effect in accordance with Sch. 4 para. 2(2)-(4) of the modifying Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 4 para. 3](https://www.legislation.gov.uk/ukpga/2007/11/schedule/4/paragraph/3)
[^c23369131]: Act modified (14.8.2007 with effect in accordance with reg. 1(2)(3) of the modifying S.I.) by [The Insurance Companies (Tax Exempt Business) Regulations 2007 (S.I. 2007/2145)](https://www.legislation.gov.uk/uksi/2007/2145), [regs. 3-12](https://www.legislation.gov.uk/uksi/2007/2145/regulation/3)
[^c23369141]: Act modified (21.2.2009) by [The Banking Act 2009 (Parts 2 and 3 Consequential Amendments) Order 2009 (S.I. 2009/317)](https://www.legislation.gov.uk/uksi/2009/317), [art. 3](https://www.legislation.gov.uk/uksi/2009/317/article/3), [Sch.](https://www.legislation.gov.uk/uksi/2009/317/schedule)
[^c23376051]: Act applied (1.4.2010 with effect in accordance with s. 1184(1) of the affecting Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 853](https://www.legislation.gov.uk/ukpga/2010/4/section/853)
[^c23376061]: Act amended by [Finance Act 2010 (c. 13)](https://www.legislation.gov.uk/ukpga/2010/13), [Sch. 8 para. 8(2)(4)](https://www.legislation.gov.uk/ukpga/2010/13/schedule/8/paragraph/8/2/4)
[^c23376071]: Act amended (2006-07) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [Sch. 14 para. 3(5)](https://www.legislation.gov.uk/ukpga/2010/33/schedule/14/paragraph/3/5)
[^c23376081]: Act applied (with modifications) (1.10.2010) by [The Employment and Support Allowance (Transitional Provisions, Housing Benefit and Council Tax Benefit) (Existing Awards) (No. 2) Regulations 2010 (S.I. 2010/1907)](https://www.legislation.gov.uk/uksi/2010/1907), [regs. 1(2)](https://www.legislation.gov.uk/uksi/2010/1907/regulation/1/2), [16(2)(c)](https://www.legislation.gov.uk/uksi/2010/1907/regulation/16/2/c), [Sch. 2](https://www.legislation.gov.uk/uksi/2010/1907/schedule/2)
[^c23376091]: Act amended by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 15 para. 17(4)(5)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/15/paragraph/17/4/5)
[^c23339751]: [S. 1](https://www.legislation.gov.uk/ukpga/1988/1/section/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23341451]: [S. 1A](https://www.legislation.gov.uk/ukpga/1988/1/section/1A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23333701]: Words in [s. 1B](https://www.legislation.gov.uk/ukpga/1988/1/section/1B) sidenote substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 4(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/4/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23346411]: [S. 1B](https://www.legislation.gov.uk/ukpga/1988/1/section/1B) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23346511]: [S. 2](https://www.legislation.gov.uk/ukpga/1988/1/section/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23346521]: [S. 3](https://www.legislation.gov.uk/ukpga/1988/1/section/3) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 3](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23346531]: [S. 4](https://www.legislation.gov.uk/ukpga/1988/1/section/4) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 4](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21819211]: [S. 5](https://www.legislation.gov.uk/ukpga/1988/1/section/5) repealed (with effect in accordance with s. 199(2) and Sch. 26 Pt. 5(23) Note 2 of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 258](https://www.legislation.gov.uk/ukpga/1994/9/section/258), [Sch. 26 Pt. 5(23)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/23); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21825951]: [S. 1A](https://www.legislation.gov.uk/ukpga/1988/1/section/1A) inserted (with effect in accordance with [s. 73(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/73/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 73(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/73/1)
[^c21825991]: [S. 1B](https://www.legislation.gov.uk/ukpga/1988/1/section/1B) inserted (with effect in accordance with [s. 31(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/31/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 31(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/31/5)
[^c23333851]: [S. 6(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/6/4A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 6](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21568351]: [S. 8A](https://www.legislation.gov.uk/ukpga/1988/1/section/8A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 206(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/206/2)
[^c21856731]: [S. 8A](https://www.legislation.gov.uk/ukpga/1988/1/section/8A) repealed (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 138](https://www.legislation.gov.uk/ukpga/1996/8/section/138), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 24 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/10), [Sch. 41](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41)
[^c23333181]: [S. 9](https://www.legislation.gov.uk/ukpga/1988/1/section/9) restricted (24.3.2005) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 881](https://www.legislation.gov.uk/ukpga/2005/5/section/881), [883(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333911]: [S. 9(2A)-(2C)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/2A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 7(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/7/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21797811]: [S. 10](https://www.legislation.gov.uk/ukpga/1988/1/section/10) repealed (with effect in accordance with [s. 199(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/199/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 258](https://www.legislation.gov.uk/ukpga/1994/9/section/258), [Sch. 26 Part 5(23)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/23), Note 4; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23332881]: [S. 11(1)-(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/11/1) substituted for s. 11(1)(2) (with effect in accordance with [s. 149(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/149/6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 149(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/149/1)
[^c21797551]: [S. 12(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/5A) inserted (with effect as mentioned in [Sch. 4 para. 11(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/4/paragraph/11/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 24 para. 11(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/11/3)
[^c23332941]: [S. 12(5B)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/5B) inserted (with effect in accordance with [Sch. 41 para. 5(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/5/1) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 41 para. 1(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/1/3)
[^c23332981]: [S. 12(7ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7ZA) inserted (with effect in accordance with [Sch. 41 para. 5(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/5/1) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 41 para. 1(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/1/5)
[^c21568561]: [S. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s.48](https://www.legislation.gov.uk/ukpga/1990/29/section/48), [Sch.9 para.3](https://www.legislation.gov.uk/ukpga/1990/29/schedule/9/paragraph/3) (in relation to transfers of business on or after 1.11.1990)
[^c21797651]: [S. 12(7B)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7B) inserted (with effect in accordance with art. 14(4) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 14(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/14/3)
[^c23347301]: [S. 12(7B)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7B): words and definition of "contracts of long-term insurance" repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 14(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/14/2/a), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23347281]: [S. 12(7B)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7B): definition of "insurance business transfer scheme" repealed (with effect in accordance with Sch. 9 para. 17(1) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 1(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/1/2/a), [Sch. 27 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/9), Note
[^c23334011]: [S. 12(7C)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7C) inserted (with effect in accordance with [Sch. 9 para. 20(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 20(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/3)
[^c23347321]: [S. 12(7C)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7C) substituted (with effect in accordance with [Sch. 9 para. 17(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 3(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/3/2)
[^c23334401]: [S. 12(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/9) inserted (with effect in accordance with [Sch. 10 para. 2](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 10 para. 43(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/43/2)
[^c23332901]: [S. 11AA](https://www.legislation.gov.uk/ukpga/1988/1/section/11AA) inserted (with effect in accordance with [s. 149(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/149/6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 149(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/149/2)
[^c23334461]: [S. 13AA](https://www.legislation.gov.uk/ukpga/1988/1/section/13AA) repealed (with effect in accordance with s. 26(8)-(11) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 26(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/1), [Sch. 26 Pt. 3(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/1), Note
[^c23334481]: [S. 13AB](https://www.legislation.gov.uk/ukpga/1988/1/section/13AB) repealed (with effect in accordance with s. 26(8)-(11) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 26(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/2), [Sch. 26 Pt. 3(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/1), Note
[^c21568801]: [S. 13A](https://www.legislation.gov.uk/ukpga/1988/1/section/13A) inserted (in relation to accounting periods beginning after 31 March 1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 105(2)(3)](https://www.legislation.gov.uk/ukpga/1989/26/section/105/2/3)
[^c21827251]: [S. 13ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/13ZA) inserted (with application in accordance with [s. 86(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 86(5)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/5)
[^c21827181]: [S. 13AA](https://www.legislation.gov.uk/ukpga/1988/1/section/13AA) inserted (with effect in accordance with [s. 28(6)(7)](https://www.legislation.gov.uk/ukpga/1999/16/section/28/6/7) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 28(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/28/1)
[^c23333081]: [S. 13AB](https://www.legislation.gov.uk/ukpga/1988/1/section/13AB) inserted (with effect in accordance with [s. 28(4)(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/28/4/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 28(1)(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/28/1/6)
[^c21569071]: [S. 16](https://www.legislation.gov.uk/ukpga/1988/1/section/16) repealed (with effect from 6.4.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39) s.148, Sch.14 Pt. V
[^c22720791]: [S. 17](https://www.legislation.gov.uk/ukpga/1988/1/section/17) repealed (with effect in accordance with Sch. 7 para. 32 and Sch. 41 Pt. 5(2) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/3), [Sch. 41 Pt. V(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/2), Note (with Sch. 7 paras. 33-35)
[^c23332861]: [S. 19](https://www.legislation.gov.uk/ukpga/1988/1/section/19) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 6](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/6), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23334161]: [S. 20](https://www.legislation.gov.uk/ukpga/1988/1/section/20) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 10](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/10), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21856511]: [Ss. 21-21B](https://www.legislation.gov.uk/ukpga/1988/1/section/21) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) for s. 21 by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 4](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/4) (with [Sch. 5 paras. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73), [76](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/76))
[^c23348301]: [S. 21](https://www.legislation.gov.uk/ukpga/1988/1/section/21) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 11](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/11), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21821321]: [S. 22](https://www.legislation.gov.uk/ukpga/1988/1/section/22) repealed (with effect in accordance with s. 39(4)(5) and Sch. 29 Pt. 8(1) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [ss. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [162](https://www.legislation.gov.uk/ukpga/1995/4/section/162), [Sch. 6 para. 3](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/3), [Sch. 29 Pt. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/1), Note
[^c21821331]: [S. 23](https://www.legislation.gov.uk/ukpga/1988/1/section/23) repealed (with effect in accordance with s. 39(4)(5) and Sch. 29 Pt. 8(1) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [ss. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [162](https://www.legislation.gov.uk/ukpga/1995/4/section/162), [Sch. 6 para. 3](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/3), [Sch. 29 Pt. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/1), Note
[^c21856541]: [Ss. 21-21B](https://www.legislation.gov.uk/ukpga/1988/1/section/21) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) for s. 21 by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 4](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/4) (with [Sch. 5 paras. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73), [76](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/76))
[^c21856581]: [S. 21C](https://www.legislation.gov.uk/ukpga/1988/1/section/21C) inserted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 5](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/5) (with [Sch. 5 paras. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73), [76](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/76))
[^c21802491]: [S. 25](https://www.legislation.gov.uk/ukpga/1988/1/section/25) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/a); and s. 25 repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 6](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/6), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 68, 73)
[^c21794351]: [S. 26](https://www.legislation.gov.uk/ukpga/1988/1/section/26) repealed (with effect as mentioned in s. 39 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/5), Note
[^c21797681]: [S. 27](https://www.legislation.gov.uk/ukpga/1988/1/section/27) repealed (with effect as mentioned in s. 39 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/5), Note
[^c21802381]: [S. 28](https://www.legislation.gov.uk/ukpga/1988/1/section/28) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/a); and s. 28 repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 9](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/9), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c21802421]: [S. 29](https://www.legislation.gov.uk/ukpga/1988/1/section/29) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/b); and s. 29 repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 10](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/10), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c21802561]: [S. 31](https://www.legislation.gov.uk/ukpga/1988/1/section/31) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(c)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/c); and s. 31 repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 12](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/12), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 68, 73)
[^c23348321]: [S. 31A](https://www.legislation.gov.uk/ukpga/1988/1/section/31A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 16](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/16), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23348341]: [S. 31B](https://www.legislation.gov.uk/ukpga/1988/1/section/31B) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 16](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/16), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21859681]: [S. 32](https://www.legislation.gov.uk/ukpga/1988/1/section/32) repealed (with effect as mentioned in Sch. 15 para. 9(1) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [ss. 85](https://www.legislation.gov.uk/ukpga/1997/16/section/85), [113](https://www.legislation.gov.uk/ukpga/1997/16/section/113), [Sch. 15 para. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/15/paragraph/1), [Sch. 18 Pt. 06(11)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/06/11), Note
[^c21805361]: [S. 33](https://www.legislation.gov.uk/ukpga/1988/1/section/33) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(d)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/d); and s. 33 repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 13](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/13), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c23351661]: [Ss. 31ZA-31ZC](https://www.legislation.gov.uk/ukpga/1988/1/section/31ZA) inserted (with effect in accordance with [s. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 17(1)](https://www.legislation.gov.uk/ukpga/2007/11/section/17/1); [S.I. 2008/1521](https://www.legislation.gov.uk/uksi/2008/1521), [art. 2](https://www.legislation.gov.uk/uksi/2008/1521/article/2)
[^c23348211]: [Ss. 31A](https://www.legislation.gov.uk/ukpga/1988/1/section/31A), [31B](https://www.legislation.gov.uk/ukpga/1988/1/section/31B) inserted (with effect in accordance with [s. 143(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/143/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 143(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/143/1)
[^c21569941]: [S. 33A](https://www.legislation.gov.uk/ukpga/1988/1/section/33A) inserted (16.7.1992 with effect in relation to rents or receipts accruing on or after 10.3.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 57(1)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/57/1/2).
[^c21856701]: [S. 33A](https://www.legislation.gov.uk/ukpga/1988/1/section/33A) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(e)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/e); and s. 33A repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 14](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/14), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c21569951]: [S. 33B](https://www.legislation.gov.uk/ukpga/1988/1/section/33B) inserted (16.7.1992 with effect in relation to rents or receipts accruing on or after 10.3.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 57(1)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/57/1/2).
[^c21856711]: [S. 33B](https://www.legislation.gov.uk/ukpga/1988/1/section/33B) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(e)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/e); and s. 33B repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 14](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/14), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c21569931]: [Ss. 33A](https://www.legislation.gov.uk/ukpga/1988/1/section/33A), [33B](https://www.legislation.gov.uk/ukpga/1988/1/section/33B) inserted (16.7.1992 with effect in relation to rents or receipts accruing on or after 10.3.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 57(1)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/57/1/2).
[^c21794741]: [S. 34](https://www.legislation.gov.uk/ukpga/1988/1/section/34) sidenote substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 15(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/15/2), (with Sch. 5 para. 73)
[^c21797751]: [S. 35](https://www.legislation.gov.uk/ukpga/1988/1/section/35): word in sidenote substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 16(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/16/2) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c21805391]: [S. 36](https://www.legislation.gov.uk/ukpga/1988/1/section/36): word in sidenote substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 17(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/17/2) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23350011]: [S. 37A](https://www.legislation.gov.uk/ukpga/1988/1/section/37A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 21](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/21) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21812971]: [S. 41](https://www.legislation.gov.uk/ukpga/1988/1/section/41) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(g)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/g); and s. 41 repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 21](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/21), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c23350231]: [S. 42](https://www.legislation.gov.uk/ukpga/1988/1/section/42): words in sidenote inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 24(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/24/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23351681]: [S. 42A](https://www.legislation.gov.uk/ukpga/1988/1/section/42A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 7](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/7), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23367571]: [S. 43](https://www.legislation.gov.uk/ukpga/1988/1/section/43) repealed (with effect in accordance with s. 40(3) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 40(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/40/3), [Sch. 29 Pt. 8(16)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/16), Note 1
[^c22720821]: Cross-heading before s. 40 substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 19](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/19), (with Sch. 5 para. 73)
[^c21853711]: [S. 42A](https://www.legislation.gov.uk/ukpga/1988/1/section/42A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 40(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/40/1)
[^c23351581]: [Ss. 43A-43G](https://www.legislation.gov.uk/ukpga/1988/1/section/43A) repealed (with effect in accordance with Sch. 6 para. 1(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/1/1), [Sch. 26 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/12), Note
[^c23351601]: [Ss. 43A-43G](https://www.legislation.gov.uk/ukpga/1988/1/section/43A) repealed (with effect in accordance with Sch. 6 para. 1(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/1/1), [Sch. 26 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/12), Note
[^c23351611]: [Ss. 43A-43G](https://www.legislation.gov.uk/ukpga/1988/1/section/43A) repealed (with effect in accordance with Sch. 6 para. 1(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/1/1), [Sch. 26 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/12), Note
[^c23351621]: [Ss. 43A-43G](https://www.legislation.gov.uk/ukpga/1988/1/section/43A) repealed (with effect in accordance with Sch. 6 para. 1(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/1/1), [Sch. 26 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/12), Note
[^c23351631]: [Ss. 43A-43G](https://www.legislation.gov.uk/ukpga/1988/1/section/43A) repealed (with effect in accordance with Sch. 6 para. 1(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/1/1), [Sch. 26 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/12), Note
[^c23351641]: [Ss. 43A-43G](https://www.legislation.gov.uk/ukpga/1988/1/section/43A) repealed (with effect in accordance with Sch. 6 para. 1(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/1/1), [Sch. 26 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/12), Note
[^c23351651]: [Ss. 43A-43G](https://www.legislation.gov.uk/ukpga/1988/1/section/43A) repealed (with effect in accordance with Sch. 6 para. 1(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/1/1), [Sch. 26 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/12), Note
[^c21858801]: [Pt. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/2) heading substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 3](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/3) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c21821821]: [Ss. 43A-43G](https://www.legislation.gov.uk/ukpga/1988/1/section/43A) and cross-heading inserted (with effect in accordance with [s. 110(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/110/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s.110(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/110/1)
[^c21820321]: [S. 44](https://www.legislation.gov.uk/ukpga/1988/1/section/44) repealed (with effect in accordance with Sch. 7 para. 32 and Sch. 41 Pt. 5(2) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 7](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/7), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c21820341]: [S. 45](https://www.legislation.gov.uk/ukpga/1988/1/section/45) repealed (with effect in accordance with Sch. 7 para. 32 and Sch. 41 Pt. 5(2) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 8](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/8), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c21820351]: [S. 47](https://www.legislation.gov.uk/ukpga/1988/1/section/47) repealed (with effect in accordance with s. 154(9) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 154(7)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/7), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 28 para. 1](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/1), [Sch. 41 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/18), Note (with s. 154(2)-(6))
[^c21820361]: [S. 48](https://www.legislation.gov.uk/ukpga/1988/1/section/48) repealed (with effect in accordance with Sch. 7 para. 32 and Sch. 41 Pt. 5(2) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/9), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c23353441]: [S. 49(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/49/1) substituted (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No. 3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 2(2)(a)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/2/2/a) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^c23353461]: Words in [s. 49(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/49/2) inserted (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No. 3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 2(2)(b)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/2/2/b) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^c21825931]: [S. 49(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/49/3) inserted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 7 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/10) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c23353481]: [S. 49(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/49/4) inserted (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No. 3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 2(2)(c)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/2/2/c) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^c23353821]: [S. 50](https://www.legislation.gov.uk/ukpga/1988/1/section/50) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 8](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/8), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23353851]: [S. 51](https://www.legislation.gov.uk/ukpga/1988/1/section/51) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 8](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/8), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23353861]: [S. 51AA](https://www.legislation.gov.uk/ukpga/1988/1/section/51AA) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 8](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/8), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21821591]: [S. 51A](https://www.legislation.gov.uk/ukpga/1988/1/section/51A) repealed (with effect in accordance with s. 37(8) and Sch. 8 Pt. 2(13) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [ss. 37(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/5), [52](https://www.legislation.gov.uk/ukpga/1997/58/section/52), [Sch. 8 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/13)
[^c22720841]: [S. 51B](https://www.legislation.gov.uk/ukpga/1988/1/section/51B) repealed (with effect in accordance with s. 37(3) of the repealing Act and [S.I. 1999/619](https://www.legislation.gov.uk/uksi/1999/619)) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 37(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/37/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/3), Note
[^c21853451]: [S. 52](https://www.legislation.gov.uk/ukpga/1988/1/section/52) repealed (with effect in accordance with Sch. 7 para. 32 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 12](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/12), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2), Note (with Sch. 7 paras. 33-35)
[^c21821761]: [S. 51AA](https://www.legislation.gov.uk/ukpga/1988/1/section/51AA) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 155](https://www.legislation.gov.uk/ukpga/1996/8/section/155)
[^c21821341]: [S. 51A](https://www.legislation.gov.uk/ukpga/1988/1/section/51A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 77](https://www.legislation.gov.uk/ukpga/1995/4/section/77)
[^c21821641]: [S. 51B](https://www.legislation.gov.uk/ukpga/1988/1/section/51B) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 78(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/78/1)
[^c21858881]: [Pt. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/3) heading substituted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/32) of the amending Act) by Finance Act 1996, s. 79, Sch. 7 para. 6 (with Sch. 7 paras. 33-35)
[^c21570721]: [S. 54](https://www.legislation.gov.uk/ukpga/1988/1/section/54) repealed (15.3.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [Sch. 14 Pt. 5](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14/part/5), Note 2
[^c21570891]: SOURCE-1973 s. 26(1)
[^c21570901]: SOURCE-1974 s. 30(1)
[^c23354491]: [S. 56(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/2) modified (24.2.2003) by [Proceeds of Crime Act 2002 (c. 29)](https://www.legislation.gov.uk/ukpga/2002/29), [s. 458](https://www.legislation.gov.uk/ukpga/2002/29/section/458), [Sch. 10 para. 6](https://www.legislation.gov.uk/ukpga/2002/29/schedule/10/paragraph/6) (with [Sch. 10 para. 10](https://www.legislation.gov.uk/ukpga/2002/29/schedule/10/paragraph/10)); [S.I. 2003/120](https://www.legislation.gov.uk/uksi/2003/120), [art. 2](https://www.legislation.gov.uk/uksi/2003/120/article/2), [Sch.](https://www.legislation.gov.uk/uksi/2003/120/schedule) (with [arts. 3-7](https://www.legislation.gov.uk/uksi/2003/120/article/3) (as amended by [S.I. 2003/333](https://www.legislation.gov.uk/uksi/2003/333), [art. 14](https://www.legislation.gov.uk/uksi/2003/333/article/14)))
[^c21570921]: SOURCE-1973 s. 26(1); 1974 s. 30(1)
[^c23358071]: Word in [s. 56(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 34(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/34/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570931]: SOURCE-1973 s. 26(1)(a)(b); 1975 (No. 2) s. 50(1)
[^c23358131]: Words in [s. 56(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 34(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/34/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358171]: Word in [s. 56(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 34(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/34/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23376221]: Words in [s. 56(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/3/b) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 4](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/4) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21570941]: [S. 56(3A)-(3D)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/3A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 170](https://www.legislation.gov.uk/ukpga/1993/34/section/170), [Sch. 18 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/18/paragraph/2)
[^c21861011]: [S. 56(3A)-(3D)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/3A) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 141](https://www.legislation.gov.uk/ukpga/2002/23/section/141), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c21833011]: [S. 56(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/4A/4B) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 104](https://www.legislation.gov.uk/ukpga/1996/8/section/104), [Sch. 14 para. 6](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/6) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21570961]: SOURCE-1973 s. 26(4); 1974 s. 30(2), (1); 1968 s. 55(3); 1979(C) Sch. 7
[^c21570971]: Words in [s. 56(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/5) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(3)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/3) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21570981]: [S. 56A](https://www.legislation.gov.uk/ukpga/1988/1/section/56A) inserted (with application in relation to arrangements made after 16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 34](https://www.legislation.gov.uk/ukpga/1992/48/section/34), [Sch. 8 paras.1](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/1), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/6).
[^c21833031]: [S. 57](https://www.legislation.gov.uk/ukpga/1988/1/section/57) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note
[^c23354511]: [S. 58](https://www.legislation.gov.uk/ukpga/1988/1/section/58) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 8](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/8), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23358211]: [S. 59(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/59/1/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 35(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/35/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358261]: [Ss. 60-63A](https://www.legislation.gov.uk/ukpga/1988/1/section/60) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/36), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358281]: [Ss. 60-63A](https://www.legislation.gov.uk/ukpga/1988/1/section/60) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/36), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358291]: [Ss. 60-63A](https://www.legislation.gov.uk/ukpga/1988/1/section/60) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/36), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358301]: [Ss. 60-63A](https://www.legislation.gov.uk/ukpga/1988/1/section/60) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/36), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358311]: [Ss. 60-63A](https://www.legislation.gov.uk/ukpga/1988/1/section/60) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/36), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358321]: [Ss. 60-63A](https://www.legislation.gov.uk/ukpga/1988/1/section/60) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/36), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21825631]: [S. 62A](https://www.legislation.gov.uk/ukpga/1988/1/section/62A) inserted (with effect in accordance with [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 203](https://www.legislation.gov.uk/ukpga/1994/9/section/203) (with [Sch. 20](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20))
[^c21825691]: [S. 63A](https://www.legislation.gov.uk/ukpga/1988/1/section/63A) inserted (with effect in accordance with [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 205](https://www.legislation.gov.uk/ukpga/1994/9/section/205) (with [Sch. 20](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20))
[^c23358331]: [S. 64](https://www.legislation.gov.uk/ukpga/1988/1/section/64) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 37](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/37), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358341]: [S. 65](https://www.legislation.gov.uk/ukpga/1988/1/section/65) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 38](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/38), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358351]: [S. 65A](https://www.legislation.gov.uk/ukpga/1988/1/section/65A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 39](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/39), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21825861]: [S. 66](https://www.legislation.gov.uk/ukpga/1988/1/section/66) repealed (with effect in accordance with s. 218(1) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 207(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/207/4), [258](https://www.legislation.gov.uk/ukpga/1994/9/section/258), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 7 (with Sch. 20)
[^c21825871]: [S. 67](https://www.legislation.gov.uk/ukpga/1988/1/section/67) repealed (with effect in accordance with s. 218(1) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 207(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/207/4), [258](https://www.legislation.gov.uk/ukpga/1994/9/section/258), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 7 (with Sch. 20)
[^c23358361]: [S. 68](https://www.legislation.gov.uk/ukpga/1988/1/section/68) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 40](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/40), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358371]: [Ss. 68A-68C](https://www.legislation.gov.uk/ukpga/1988/1/section/68A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 41](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/41), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358381]: [Ss. 68A-68C](https://www.legislation.gov.uk/ukpga/1988/1/section/68A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 41](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/41), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358391]: [Ss. 68A-68C](https://www.legislation.gov.uk/ukpga/1988/1/section/68A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 41](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/41), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21827571]: [S. 65A](https://www.legislation.gov.uk/ukpga/1988/1/section/65A) inserted (with effect in accordance with [s. 41(5)-(10)](https://www.legislation.gov.uk/ukpga/1995/4/section/41/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 41(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/41/2)
[^c23354551]: [Ss. 68A-68C](https://www.legislation.gov.uk/ukpga/1988/1/section/68A) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 10](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/10) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23358421]: [S. 69](https://www.legislation.gov.uk/ukpga/1988/1/section/69) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 42](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/42), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21853521]: [S. 70A](https://www.legislation.gov.uk/ukpga/1988/1/section/70A) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 25](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/25) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23358431]: [S. 71](https://www.legislation.gov.uk/ukpga/1988/1/section/71) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 43](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/43), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21827631]: [S. 73](https://www.legislation.gov.uk/ukpga/1988/1/section/73) repealed (with effect in accordance with s. 103(7) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [ss. 115(09)](https://www.legislation.gov.uk/ukpga/1995/4/section/115/09), [162](https://www.legislation.gov.uk/ukpga/1995/4/section/162), [Sch. 29 Pt. 8(14)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/14), Note 2
[^c23356451]: [S. 75A](https://www.legislation.gov.uk/ukpga/1988/1/section/75A) inserted (with effect in accordance with ss. 42, 43 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 39](https://www.legislation.gov.uk/ukpga/2004/12/section/39)
[^c23356471]: [S. 75B](https://www.legislation.gov.uk/ukpga/1988/1/section/75B) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 45(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/45/1) (with [s. 45(2)(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/45/2/3))
[^c23393711]: [S. 76ZD](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZD) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 34](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/34) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393731]: [S. 76ZE](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZE) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 35](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/35) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393751]: [S. 76ZG](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZG) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 37](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/37) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393771]: [S. 76ZH](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZH) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 38](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/38) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393791]: [S. 76ZI](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZI) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 39](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/39) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393811]: [S. 76ZJ](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZJ) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 40](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/40) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393831]: [S. 76ZM](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZM) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 43](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/43) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23418101]: [S. 76ZN](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZN) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 44](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/44) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23404441]: [S. 76ZO](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZO) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 45](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/45) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c21848981]: [S. 95](https://www.legislation.gov.uk/ukpga/1988/1/section/95) sidenote substituted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(9)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/9)
[^c23385091]: [S. 95ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/95ZA) inserted (with effect in accordance with [Sch. 17 para. 16(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/17/paragraph/16/2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 17 para. 16(1)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/17/paragraph/16/1)
[^c23358691]: [S. 95A](https://www.legislation.gov.uk/ukpga/1988/1/section/95A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 75](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/75), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358711]: [S. 96](https://www.legislation.gov.uk/ukpga/1988/1/section/96) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 76](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/76), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21853681]: [S. 98](https://www.legislation.gov.uk/ukpga/1988/1/section/98) substituted (17.3.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 41(1)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/41/1/3) (with [s. 41(4)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/41/4))
[^c21860731]: [S. 95A](https://www.legislation.gov.uk/ukpga/1988/1/section/95A) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 71(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/71/1)
[^c23393581]: [S. 76ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZA) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 31](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/31) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393601]: [S. 76ZB](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZB) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 32](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/32) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393621]: [S. 76ZC](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZC) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 33](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/33) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393641]: [S. 76ZF](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZF) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/36) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23418091]: [S. 76ZK](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZK) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 41](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/41) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393691]: [S. 76ZL](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZL) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 42](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/42) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c21853821]: Words in [s. 104](https://www.legislation.gov.uk/ukpga/1988/1/section/104) sidenote repealed (with effect in accordance with Sch. 27 Pt. 3(6) Note of the repealing act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/6)
[^c23359051]: [S. 107](https://www.legislation.gov.uk/ukpga/1988/1/section/107) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 86](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/86), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359071]: [S. 108](https://www.legislation.gov.uk/ukpga/1988/1/section/108) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 87](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/87), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359081]: [S. 109](https://www.legislation.gov.uk/ukpga/1988/1/section/109) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 88](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/88), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23376901]: [S. 109A](https://www.legislation.gov.uk/ukpga/1988/1/section/109A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 11](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/11), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23359171]: [S. 110A](https://www.legislation.gov.uk/ukpga/1988/1/section/110A) and preceding cross-heading repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 91](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/91), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23423311]: [S. 110A](https://www.legislation.gov.uk/ukpga/1988/1/section/110A) and preceding cross-heading repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 91](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/91), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21852201]: Words in [Pt. 4 Ch. 6](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/6) heading repealed (with application in accordance with Sch. 27 Pt. 3(6) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/6)
[^c21829351]: [S. 109A](https://www.legislation.gov.uk/ukpga/1988/1/section/109A) and preceding cross-heading inserted (with effect in accordance with [s. 90(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/90/7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 90(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/90/1)
[^c21829571]: [S. 110A](https://www.legislation.gov.uk/ukpga/1988/1/section/110A) and preceding cross-heading inserted (with effect in accordance with [s. 124(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/124/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 124(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/124/1)
[^c21821431]: [S. 111](https://www.legislation.gov.uk/ukpga/1988/1/section/111) substituted (with effect in accordance with s. 215(4)(5) of the 1994 amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 215(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/215/1) (as amended (retrospectively) by Finance Act [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 117(1)(a)(2)(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/117/1/a/2/4)) (with Sch. 20)
[^c23359181]: [S. 111(2)-(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/111/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 92(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/92/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359311]: [S. 112](https://www.legislation.gov.uk/ukpga/1988/1/section/112) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 93](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/93), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359331]: [S. 113](https://www.legislation.gov.uk/ukpga/1988/1/section/113) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 94](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/94), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23376911]: [S. 117](https://www.legislation.gov.uk/ukpga/1988/1/section/117) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 13](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/13), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376741]: [Ss. 118ZE-118ZK](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZE) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 18](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/18), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376761]: [Ss. 118ZE-118ZK](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZE) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 18](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/18), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376771]: [Ss. 118ZE-118ZK](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZE) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 18](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/18), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376781]: [Ss. 118ZE-118ZK](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZE) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 18](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/18), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376791]: [Ss. 118ZE-118ZK](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZE) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 18](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/18), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376801]: [Ss. 118ZE-118ZK](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZE) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 18](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/18), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376811]: [Ss. 118ZE-118ZK](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZE) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 18](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/18), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376821]: [Ss. 118ZL](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZL), [118ZM](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZM) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 19](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/19), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376831]: [Ss. 118ZL](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZL), [118ZM](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZM) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 19](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/19), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376841]: [Ss. 118ZN](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZN), [118ZO](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZO) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 20](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/20), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376851]: [Ss. 118ZN](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZN), [118ZO](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZO) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 20](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/20), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21860551]: [Ss. 118ZA-118ZD](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZA) and preceding cross-heading inserted (6.4.2001) by [Limited Liability Partnerships Act 2000 (c. 12)](https://www.legislation.gov.uk/ukpga/2000/12), [ss. 10(1)](https://www.legislation.gov.uk/ukpga/2000/12/section/10/1), [19(1)](https://www.legislation.gov.uk/ukpga/2000/12/section/19/1); [S.I. 2000/3316](https://www.legislation.gov.uk/uksi/2000/3316), [art. 2](https://www.legislation.gov.uk/uksi/2000/3316/article/2)
[^c23356701]: [Ss. 118ZE-118ZK](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZE) and preceding cross-heading inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 124(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/124/1)
[^c23356721]: [Ss. 118ZL](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZL), [118ZM](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZM) and preceding cross-heading inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 125](https://www.legislation.gov.uk/ukpga/2004/12/section/125)
[^c23357871]: [Ss. 118ZN](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZN), [118ZO](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZO) and preceding cross-heading inserted (retrospective to 2.12.2004) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 73(1)(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/73/1/5)
[^c23472581]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472601]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472611]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472621]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472631]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472641]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472651]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472661]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472671]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472681]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472691]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472701]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c21835151]: [S. 123](https://www.legislation.gov.uk/ukpga/1988/1/section/123) repealed (with effect in accordance with Sch. 7 para. 32 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 13](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/13), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2), Note (with Sch. 7 paras. 33-35)
[^c21858771]: [S. 124](https://www.legislation.gov.uk/ukpga/1988/1/section/124) repealed (with effect in accordance with s. 111(6)(b) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/2), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 2
[^c23357911]: [S. 125](https://www.legislation.gov.uk/ukpga/1988/1/section/125) title substituted (retrospective to 2.12.2004) by virtue of [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 91(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/91/3)
[^c21846551]: [Ss. 126](https://www.legislation.gov.uk/ukpga/1988/1/section/126), [126A](https://www.legislation.gov.uk/ukpga/1988/1/section/126A) repealed (with effect in accordance with s. 105(1) of the repealing Act) by Finance Act 1996, Sch. 41 Pt. 5(3), Note
[^c21846561]: [Ss. 126](https://www.legislation.gov.uk/ukpga/1988/1/section/126), [126A](https://www.legislation.gov.uk/ukpga/1988/1/section/126A) repealed (with effect in accordance with s. 105(1) of the repealing Act) by Finance Act 1996, Sch. 41 Pt. 5(3), Note
[^c23359451]: [S. 127](https://www.legislation.gov.uk/ukpga/1988/1/section/127) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 108](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/108), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359471]: [S. 127A](https://www.legislation.gov.uk/ukpga/1988/1/section/127A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 109](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/109), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359481]: [S. 128(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/128/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 110](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/110), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21861331]: [S. 128(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/128/2) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 3(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/3/2) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c21847681]: [Ss. 129](https://www.legislation.gov.uk/ukpga/1988/1/section/129), [129A](https://www.legislation.gov.uk/ukpga/1988/1/section/129A) repealed (with effect in accordance with Sch. 10 para. 7(1) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/1), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10), Note 1; [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c21847691]: [Ss. 129](https://www.legislation.gov.uk/ukpga/1988/1/section/129), [129A](https://www.legislation.gov.uk/ukpga/1988/1/section/129A) repealed (with effect in accordance with Sch. 10 para. 7(1) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/1), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10), Note 1; [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23376641]: Words in [s. 129B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/129B/2) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 6](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/6) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21847701]: Word in [s. 129B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/129B/3) substituted (with effect in accordance with [Sch. 10 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/7/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 2(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/2/1); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c21847721]: [S. 129B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/129B/4) substituted (with effect in accordance with [Sch. 10 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/7/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 2(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/2/2); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c21574461]: Source—1970 s.304(5); 1980 Sch.11
[^c23356741]: [S. 130](https://www.legislation.gov.uk/ukpga/1988/1/section/130): definition of "company with investment business" inserted (with effect in accordance with ss. 38(5), 42, 43 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 38(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/38/3)
[^c21574471]: [1985 c. 58](https://www.legislation.gov.uk/ukpga/1985/58).
[^c21847621]: [S. 127A](https://www.legislation.gov.uk/ukpga/1988/1/section/127A) inserted (with effect in accordance with [s. 80(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 80(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/1)
[^c21832811]: [S. 129A](https://www.legislation.gov.uk/ukpga/1988/1/section/129A) inserted (with application in accordance with [s. 85(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/85/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 85(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/85/1)
[^c21846631]: [S. 129B](https://www.legislation.gov.uk/ukpga/1988/1/section/129B) inserted (with effect in accordance with [s. 157(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/157/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 157(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/157/1)
[^c21832911]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 29 para. 1](https://www.legislation.gov.uk/ukpga/1996/8/schedule/29/paragraph/1)
[^c23390551]: [Ss. 131-134](https://www.legislation.gov.uk/ukpga/1988/1/section/131) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 14](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/14), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390571]: [Ss. 131-134](https://www.legislation.gov.uk/ukpga/1988/1/section/131) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 14](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/14), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390581]: [Ss. 131-134](https://www.legislation.gov.uk/ukpga/1988/1/section/131) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 14](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/14), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390591]: [Ss. 131-134](https://www.legislation.gov.uk/ukpga/1988/1/section/131) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 14](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/14), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390601]: [Ss. 135-137](https://www.legislation.gov.uk/ukpga/1988/1/section/135) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 15](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/15), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390611]: [Ss. 135-137](https://www.legislation.gov.uk/ukpga/1988/1/section/135) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 15](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/15), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390621]: [Ss. 135-137](https://www.legislation.gov.uk/ukpga/1988/1/section/135) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 15](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/15), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390711]: [S. 140](https://www.legislation.gov.uk/ukpga/1988/1/section/140) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 17](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/17), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [s. 418(4)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/4), [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390631]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390641]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390651]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390661]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390671]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390681]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390691]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390701]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22206561]: [Ss. 140A-140C](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) inserted (with application in accordance with [s. 50(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/50/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 50(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/50/1)
[^c22206591]: [Ss. 140D-140F](https://www.legislation.gov.uk/ukpga/1988/1/section/140D) inserted (with application in accordance with [s. 51(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/51/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 51(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/51/1)
[^c22206621]: [S. 140G](https://www.legislation.gov.uk/ukpga/1988/1/section/140G) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/52/1)
[^c22206641]: [S. 140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140H) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 53](https://www.legislation.gov.uk/ukpga/1998/36/section/53)
[^c23390721]: [Ss. 141-144](https://www.legislation.gov.uk/ukpga/1988/1/section/141) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 19](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/19), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390731]: [Ss. 141-144](https://www.legislation.gov.uk/ukpga/1988/1/section/141) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 19](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/19), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390741]: [Ss. 141-144](https://www.legislation.gov.uk/ukpga/1988/1/section/141) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 19](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/19), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390751]: [Ss. 141-144](https://www.legislation.gov.uk/ukpga/1988/1/section/141) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 19](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/19), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390761]: [S. 144A](https://www.legislation.gov.uk/ukpga/1988/1/section/144A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 20](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/20), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21880731]: [S. 144A](https://www.legislation.gov.uk/ukpga/1988/1/section/144A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 132](https://www.legislation.gov.uk/ukpga/1994/9/section/132)
[^c23390771]: [Ss. 145-147](https://www.legislation.gov.uk/ukpga/1988/1/section/145) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 21](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/21), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390781]: [Ss. 145-147](https://www.legislation.gov.uk/ukpga/1988/1/section/145) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 21](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/21), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390791]: [Ss. 145-147](https://www.legislation.gov.uk/ukpga/1988/1/section/145) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 21](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/21), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390801]: [Ss. 145-147](https://www.legislation.gov.uk/ukpga/1988/1/section/145) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 21](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/21), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22171441]: [S. 146A](https://www.legislation.gov.uk/ukpga/1988/1/section/146A) inserted (with application in accordance with [s. 106(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/106/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 106(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/106/2)
[^c23390821]: [Ss. 148-151A](https://www.legislation.gov.uk/ukpga/1988/1/section/148) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 22](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/22), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390831]: [Ss. 148-151A](https://www.legislation.gov.uk/ukpga/1988/1/section/148) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 22](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/22), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390841]: [Ss. 148-151A](https://www.legislation.gov.uk/ukpga/1988/1/section/148) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 22](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/22), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390861]: [Ss. 148-151A](https://www.legislation.gov.uk/ukpga/1988/1/section/148) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 22](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/22), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390851]: [Ss. 148-151A](https://www.legislation.gov.uk/ukpga/1988/1/section/148) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 22](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/22), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23392071]: [S. 152](https://www.legislation.gov.uk/ukpga/1988/1/section/152) sidenote substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 23](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/23) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22198641]: [S. 151A](https://www.legislation.gov.uk/ukpga/1988/1/section/151A) inserted (2.9.1996) by [Jobseekers Act 1995 (c. 18)](https://www.legislation.gov.uk/ukpga/1995/18), [s. 41(2)(4)](https://www.legislation.gov.uk/ukpga/1995/18/section/41/2/4), [Sch. 2 para. 12](https://www.legislation.gov.uk/ukpga/1995/18/schedule/2/paragraph/12); [S.I. 1996/2208](https://www.legislation.gov.uk/uksi/1996/2208), [art. 2(a)](https://www.legislation.gov.uk/uksi/1996/2208/article/2/a)
[^c23390871]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390891]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390901]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390911]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390921]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390931]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21576141]: [S. 155A](https://www.legislation.gov.uk/ukpga/1988/1/section/155A) inserted (1990-91 and subsequent years of assessment) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 21(1)(3)](https://www.legislation.gov.uk/ukpga/1990/29/section/21/1/3)
[^c23390941]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390951]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390961]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390971]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390981]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390991]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391001]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21577131]: [Ss. 159AA](https://www.legislation.gov.uk/ukpga/1988/1/section/159AA), [159AB](https://www.legislation.gov.uk/ukpga/1988/1/section/159AB) inserted after s. 159 (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/4), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c23391011]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21577141]: [Ss. 159AA](https://www.legislation.gov.uk/ukpga/1988/1/section/159AA), [159AB](https://www.legislation.gov.uk/ukpga/1988/1/section/159AB) inserted after s. 159 (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/4), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c23391021]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21577241]: [S. 159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/159AC) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 74(1)(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/74/1/3)
[^c23391031]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23443291]: [S. 159A](https://www.legislation.gov.uk/ukpga/1988/1/section/159A) inserted (1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 30(2)(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/30/2/3)
[^c22222721]: [S. 159A](https://www.legislation.gov.uk/ukpga/1988/1/section/159A) repealed (with effect in accordance with s. 44(6) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [ss. 44(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/44/2), [139](https://www.legislation.gov.uk/ukpga/1999/16/section/139), [Sch. 20 Pt. 3(9)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/9), Note
[^c23391051]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391061]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391071]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391081]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391091]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391101]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391111]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391121]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22226231]: [S. 155ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/155ZA) inserted (with effect in accordance with [s. 57(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 57(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/1), [Sch. 10 para. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/10/paragraph/2/1)
[^c22226281]: [S. 155ZB](https://www.legislation.gov.uk/ukpga/1988/1/section/155ZB) inserted (with effect in accordance with [s. 57(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 57(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/1), [Sch. 10 para. 3(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/10/paragraph/3/1)
[^c22222681]: [S. 155AA](https://www.legislation.gov.uk/ukpga/1988/1/section/155AA) inserted (with effect in accordance with [s. 44(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/44/6) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 44(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/44/1)
[^c22223051]: [S. 156A](https://www.legislation.gov.uk/ukpga/1988/1/section/156A) inserted (with application in accordance with [s. 45(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/45/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 45(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/45/1)
[^c21881581]: [S. 157A](https://www.legislation.gov.uk/ukpga/1988/1/section/157A) inserted (with effect in accordance with [s. 43(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/43/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 43(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/43/1)
[^c22226321]: [S. 161A](https://www.legislation.gov.uk/ukpga/1988/1/section/161A) inserted (with effect in accordance with [s. 57(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 57(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/1), [Sch. 10 para. 4(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/10/paragraph/4/1)
[^c22226401]: [S. 161B](https://www.legislation.gov.uk/ukpga/1988/1/section/161B) inserted (with effect in accordance with [s. 57(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 57(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/1), [Sch. 10 para. 5(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/10/paragraph/5/1)
[^c23391131]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391141]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391151]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578161]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391161]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391171]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391181]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578171]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391191]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578181]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391201]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578191]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391211]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578201]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391221]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578211]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391231]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578221]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391241]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21881681]: [S. 168AA](https://www.legislation.gov.uk/ukpga/1988/1/section/168AA) inserted (with effect in accordance with [s. 44(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/44/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 44(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/44/2)
[^c22208041]: [S. 168AB](https://www.legislation.gov.uk/ukpga/1988/1/section/168AB) inserted (with effect in accordance with [s. 60(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/60/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 60(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/60/3)
[^c21575751]: [Pt. 5 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/5/chapter/2) heading substituted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 53(2)(a)](https://www.legislation.gov.uk/ukpga/1989/26/section/53/2/a)
[^c22204861]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204871]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204891]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204901]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204921]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204931]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204941]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204951]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204961]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c21578611]: [Ss. 177A](https://www.legislation.gov.uk/ukpga/1988/1/section/177A), [177B](https://www.legislation.gov.uk/ukpga/1988/1/section/177B) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 4 para. 3](https://www.legislation.gov.uk/ukpga/1989/26/schedule/4/paragraph/3)
[^c22204971]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204981]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204991]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22205011]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22205021]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22205031]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22205041]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22205061]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22205071]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c23391251]: [S. 185](https://www.legislation.gov.uk/ukpga/1988/1/section/185) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 25](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/25), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22180871]: [S. 186](https://www.legislation.gov.uk/ukpga/1988/1/section/186) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 115(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/115/1), [116(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/116/3)
[^c23392841]: [S. 186](https://www.legislation.gov.uk/ukpga/1988/1/section/186) continued (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 418(3)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21579481]: Source—1978 s.53(1)
[^c22225891]: Words in [s. 186(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/1) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 49(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/49/3)
[^c21579491]: Source—1978 s.53(3)
[^c21579501]: Words in [s. 186(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/2/b) substituted (in respect of acquisitions of shares on or after 26.10.1987) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 89](https://www.legislation.gov.uk/ukpga/1988/39/section/89)
[^c21579511]: Source—1978 s.56(1); 1982 s.42(1)
[^c23392681]: Words in [s. 186(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/3) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 26(2)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/26/2/a), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23392701]: Words in [s. 186(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/3) added (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 26(2)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/26/2/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21579521]: Source—1978 s.55(1)
[^c23392781]: Words in [s. 186(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/4) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 26(3)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/26/3/a), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23392801]: Words in [s. 186(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/4) added (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 26(3)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/26/3/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21579531]: Source—1978 s.55(2)-(4)
[^c23392821]: Words in [s. 186(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/5/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 26(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/26/4) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21579541]: Source—1978 s.55(5), (9)
[^c21579551]: Source—1978 s.55(7), (8)
[^c22194331]: [S. 186(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/10/b) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 134(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/1), [Sch. 20 para. 11(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/11/a)
[^c22194351]: Words in [s. 186(10)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/10/c) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 134(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/1), [Sch. 20 para. 11(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/11/b)
[^c21579561]: Source—1978 s.53(6)
[^c21579571]: Source—1978 s.56(6); 1980 s.46(6); 1982 s.42(2); 1985 s.45(4)
[^c22181271]: Words in [s. 186(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/12) substituted (with effect in accordance with [s. 118(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/118/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 118(1)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/118/1/a)
[^c22181311]: Words in [s. 186(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/12) substituted (with effect in accordance with [s. 118(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/118/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 118(1)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/118/1/b)
[^c22180881]: [S. 187](https://www.legislation.gov.uk/ukpga/1988/1/section/187) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 115(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/115/1), [116(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/116/3)
[^c22181531]: [S. 187](https://www.legislation.gov.uk/ukpga/1988/1/section/187) applied (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 114](https://www.legislation.gov.uk/ukpga/1996/8/section/114), [Sch. 16 para. 5(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/16/paragraph/5/1)
[^c23450551]: [S. 187](https://www.legislation.gov.uk/ukpga/1988/1/section/187) continued so far as relating to APS schemes (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 418(3)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23450491]: [S. 187(1)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/1)(6)(7) repealed (except so far as relating to profit sharing schemes) (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 27](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/27), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21579891]: Source—1978 ss.53(2), 54(2), (4)(b), 6, 56(1), 57(1), (4), 61(1), Sch.9 1, 16; 1980 s.46(4), Sch.10 5(b), 8, 26(1); 1982 s.40(8); 1983 s.25(1); 1984 Sch.10 15(1), (2); 1985 s.45(2)
[^c21579901]: Words in [s. 187(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/2) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(13)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/13) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c22162681]: [S. 187(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/2): definition of "pensionable age" repealed (19.7.1995) by [Pensions Act 1995 (c. 26)](https://www.legislation.gov.uk/ukpga/1995/26), [ss. 126](https://www.legislation.gov.uk/ukpga/1995/26/section/126), [177](https://www.legislation.gov.uk/ukpga/1995/26/section/177), [180(2)(a)](https://www.legislation.gov.uk/ukpga/1995/26/section/180/2/a), [Sch. 4 para. 12(a)](https://www.legislation.gov.uk/ukpga/1995/26/schedule/4/paragraph/12/a), [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/1995/26/schedule/7/part/2)
[^c22180981]: Word in [s. 187(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/2) substituted (with effect in accordance with [s. 116(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/116/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 116(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/116/1)
[^c21579931]: Words in [s. 187(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/2) substituted (for the year 1991-92 and subsequent years of assessment) by virtue of [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 41(1)(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/41/1/2)
[^c21579941]: [S. 187(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/2): definition of "specified age" inserted by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 38(4)](https://www.legislation.gov.uk/ukpga/1991/31/section/38/4)
[^c21579951]: Source—1970 s.285(6); 1978 Sch.9 11(3)(b); 1980 Sch.10 26(2); 1984 Sch.10 4(4)
[^c21579961]: Words in [s. 187(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/3) substituted (in relation to accounting periods beginning after 31.3.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 12 para. 9](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/9)
[^c21579981]: Source—1987 s.33(2)
[^c21579991]: Source—1978 s.61(4); 1983 s.25(2)
[^c21580001]: Source—1978 Sch.9 16; 1980 Sch.10 26(4); 1984 Sch.10 15(3)
[^c21580011]: Source—1978 Sch.9 17; 1980 Sch.10 26(5); 1984 Sch.10 15(4); 1986 s.23(5)
[^c21580021]: Source—1978 s.55(6)
[^c22181261]: [S. 187(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/8/b) and preceding word repealed (with effect in accordance with s. 117(3) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 117(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/117/2), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 41 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/5), Note 1
[^c21580031]: Source—1978 s.61(2)
[^c21580041]: Source—1978 Sch.9 18; 1986 s.24(1)
[^c21580061]: [1969 c. 24](https://www.legislation.gov.uk/ukpga/1969/24). (N.I.).
[^c23391271]: [S. 187A](https://www.legislation.gov.uk/ukpga/1988/1/section/187A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/a), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22217541]: [S. 188](https://www.legislation.gov.uk/ukpga/1988/1/section/188) repealed (with application in accordance with s. 58(4) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(9)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/9), Note
[^c23391281]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391291]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391301]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21580261]: [Ss. 191A](https://www.legislation.gov.uk/ukpga/1988/1/section/191A), [191B](https://www.legislation.gov.uk/ukpga/1988/1/section/191B) and preceding cross-heading inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/1)
[^c23391311]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21580271]: [Ss. 191A](https://www.legislation.gov.uk/ukpga/1988/1/section/191A), [191B](https://www.legislation.gov.uk/ukpga/1988/1/section/191B) and preceding cross-heading inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/1)
[^c23391321]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21580251]: [Ss. 191A](https://www.legislation.gov.uk/ukpga/1988/1/section/191A), [191B](https://www.legislation.gov.uk/ukpga/1988/1/section/191B) and preceding cross-heading inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/1)
[^c23391331]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391341]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391351]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391361]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391371]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391381]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391391]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21580471]: [S. 197A](https://www.legislation.gov.uk/ukpga/1988/1/section/197A) inserted (1988-89 and subsequent years of assessment) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 46(4)](https://www.legislation.gov.uk/ukpga/1988/39/section/46/4)
[^c23391401]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391411]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391421]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391431]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22210541]: [S. 192A](https://www.legislation.gov.uk/ukpga/1988/1/section/192A) inserted (with effect in accordance with [s. 63(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/2) (with [s. 63(6)(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/6/7))
[^c22223731]: [Ss. 197AA](https://www.legislation.gov.uk/ukpga/1988/1/section/197AA), [197AB](https://www.legislation.gov.uk/ukpga/1988/1/section/197AB) inserted (with effect in accordance with [s. 48(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/48/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 48(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/48/1)
[^c22223961]: [S. 197AC](https://www.legislation.gov.uk/ukpga/1988/1/section/197AC) inserted (with effect in accordance with [s. 50(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/50/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 50(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/50/1)
[^c23391441]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391451]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391461]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391471]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391481]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22246071]: [Ss. 197B-197F](https://www.legislation.gov.uk/ukpga/1988/1/section/197B) repealed (with effect in accordance with Sch. 33 Pt. 2(1) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/1)
[^c22246081]: [Ss. 197B-197F](https://www.legislation.gov.uk/ukpga/1988/1/section/197B) repealed (with effect in accordance with Sch. 33 Pt. 2(1) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/1)
[^c22246091]: [Ss. 197B-197F](https://www.legislation.gov.uk/ukpga/1988/1/section/197B) repealed (with effect in accordance with Sch. 33 Pt. 2(1) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/1)
[^c22246101]: [Ss. 197B-197F](https://www.legislation.gov.uk/ukpga/1988/1/section/197B) repealed (with effect in accordance with Sch. 33 Pt. 2(1) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/1)
[^c22246111]: [Ss. 197B-197F](https://www.legislation.gov.uk/ukpga/1988/1/section/197B) repealed (with effect in accordance with Sch. 33 Pt. 2(1) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/1)
[^c23451201]: [Ss. 197B-197F](https://www.legislation.gov.uk/ukpga/1988/1/section/197B) and preceding cross-heading inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 23](https://www.legislation.gov.uk/ukpga/1990/29/section/23), [Sch. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/4)
[^c23391541]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21580511]: [S. 197G](https://www.legislation.gov.uk/ukpga/1988/1/section/197G) and preceding cross-heading inserted (27.7.1993 with application for the year 1993-94 and subsequent years of assessment) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 75(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/75/1/2)
[^c23391551]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22217641]: [S. 198A](https://www.legislation.gov.uk/ukpga/1988/1/section/198A) repealed (with effect in accordance with Sch. 27 Pt. 3(10) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/10)
[^c23391561]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391571]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391581]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391591]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391601]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391611]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391621]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391631]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391641]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391651]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391661]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391671]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391681]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391691]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391701]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21580621]: [S. 201A](https://www.legislation.gov.uk/ukpga/1988/1/section/201A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 77](https://www.legislation.gov.uk/ukpga/1990/29/section/77)
[^c23391711]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391721]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22201701]: [S. 198A](https://www.legislation.gov.uk/ukpga/1988/1/section/198A) inserted (with effect in accordance with [s. 62(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/62/5) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 62(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/62/2)
[^c22225281]: [S. 200ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/200ZA) inserted (with effect in accordance with [s. 52(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/52/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/52/1), [Sch. 5 para. 2(1)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/5/paragraph/2/1)
[^c22172491]: [S. 200AA](https://www.legislation.gov.uk/ukpga/1988/1/section/200AA) inserted (with effect in accordance with [s. 108(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/108/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 108(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/108/1)
[^c21881991]: [S. 200A](https://www.legislation.gov.uk/ukpga/1988/1/section/200A) inserted (with effect in accordance with [s. 93(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/93/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 93(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/93/4)
[^c22202021]: [Ss. 200B-200D](https://www.legislation.gov.uk/ukpga/1988/1/section/200B) inserted (with application in accordance with [s. 63(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/63/3) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 63(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/63/1)
[^c22226151]: [Ss. 200E-200H](https://www.legislation.gov.uk/ukpga/1988/1/section/200E), [200J](https://www.legislation.gov.uk/ukpga/1988/1/section/200J) inserted (with application in accordance with [s. 58(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/58/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 58(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/58/1)
[^c21881771]: [S. 201AA](https://www.legislation.gov.uk/ukpga/1988/1/section/201AA) inserted (with effect in accordance with [s. 91(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/91/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 91(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/91/1)
[^c22225981]: [S. 187A](https://www.legislation.gov.uk/ukpga/1988/1/section/187A) and preceding cross-heading inserted (with application in accordance with [s. 56(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/56/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 56(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/56/1)
[^c22243601]: [Ss. 197AD-197AH](https://www.legislation.gov.uk/ukpga/1988/1/section/197AD) and preceding cross-heading inserted (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 57(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/1)
[^c21580791]: [Ss. 202A](https://www.legislation.gov.uk/ukpga/1988/1/section/202A), [202B](https://www.legislation.gov.uk/ukpga/1988/1/section/202B) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 37](https://www.legislation.gov.uk/ukpga/1989/26/section/37)
[^c23391731]: [Ss. 202A](https://www.legislation.gov.uk/ukpga/1988/1/section/202A), [202B](https://www.legislation.gov.uk/ukpga/1988/1/section/202B) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 29](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/29), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391751]: [Ss. 202A](https://www.legislation.gov.uk/ukpga/1988/1/section/202A), [202B](https://www.legislation.gov.uk/ukpga/1988/1/section/202B) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 29](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/29), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391761]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21581021]: [S. 203A](https://www.legislation.gov.uk/ukpga/1988/1/section/203A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 37(2)(4)(5)](https://www.legislation.gov.uk/ukpga/1989/26/section/37/2/4/5)
[^c23391771]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391781]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391791]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391801]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391811]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391821]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391831]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391841]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391851]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391861]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391871]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391881]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391891]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391901]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391911]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391921]: [Ss. 205](https://www.legislation.gov.uk/ukpga/1988/1/section/205), [206](https://www.legislation.gov.uk/ukpga/1988/1/section/206) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 31](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/31), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391931]: [Ss. 205](https://www.legislation.gov.uk/ukpga/1988/1/section/205), [206](https://www.legislation.gov.uk/ukpga/1988/1/section/206) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 31](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/31), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391941]: [S. 206A](https://www.legislation.gov.uk/ukpga/1988/1/section/206A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 32](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/32), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391951]: [S. 207](https://www.legislation.gov.uk/ukpga/1988/1/section/207) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 32](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/32), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21880581]: [S. 203B](https://www.legislation.gov.uk/ukpga/1988/1/section/203B) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 125](https://www.legislation.gov.uk/ukpga/1994/9/section/125)
[^c21880611]: [Ss. 203C-203E](https://www.legislation.gov.uk/ukpga/1988/1/section/203C) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 126](https://www.legislation.gov.uk/ukpga/1994/9/section/126)
[^c21880631]: [S. 203F](https://www.legislation.gov.uk/ukpga/1988/1/section/203F) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 127](https://www.legislation.gov.uk/ukpga/1994/9/section/127)
[^c22212711]: [S. 203FA](https://www.legislation.gov.uk/ukpga/1988/1/section/203FA) inserted (with effect in accordance with [s. 66(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/66/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 66(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/66/1) (with [s. 66(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/66/3))
[^c22212731]: [S. 203FB](https://www.legislation.gov.uk/ukpga/1988/1/section/203FB) inserted (with effect in accordance with [s. 67(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/67/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 67(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/67/1) (with [s. 67(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/67/3))
[^c21880651]: [S. 203G](https://www.legislation.gov.uk/ukpga/1988/1/section/203G) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 128](https://www.legislation.gov.uk/ukpga/1994/9/section/128)
[^c21880671]: [S. 203H](https://www.legislation.gov.uk/ukpga/1988/1/section/203H) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 129](https://www.legislation.gov.uk/ukpga/1994/9/section/129)
[^c21880691]: [S. 203I](https://www.legislation.gov.uk/ukpga/1988/1/section/203I) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 130](https://www.legislation.gov.uk/ukpga/1994/9/section/130)
[^c21880711]: [Ss. 203J-203L](https://www.legislation.gov.uk/ukpga/1988/1/section/203J) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 131](https://www.legislation.gov.uk/ukpga/1994/9/section/131)
[^c22172581]: [S. 206A](https://www.legislation.gov.uk/ukpga/1988/1/section/206A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 110](https://www.legislation.gov.uk/ukpga/1996/8/section/110)
[^c21581121]: [S. 207A](https://www.legislation.gov.uk/ukpga/1988/1/section/207A) inserted (27.7.1993 with application in relation to the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 77(1)(2)(5)](https://www.legislation.gov.uk/ukpga/1993/34/section/77/1/2/5)
[^c21891631]: [S. 207A](https://www.legislation.gov.uk/ukpga/1988/1/section/207A) repealed (with effect in accordance with s. 73 of the repealing Act) by Finance Act 1996, Sch. 41 Pt. 5(1), Note 1
[^c23397491]: [Pt. 6 Chs. 1-3](https://www.legislation.gov.uk/ukpga/1988/1/part/6/chapter/1): power to amend conferred (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 533(2)(3)(d)](https://www.legislation.gov.uk/ukpga/2009/4/section/533/2/3/d)
[^c22735901]: [Ss. 209A](https://www.legislation.gov.uk/ukpga/1988/1/section/209A), [209B](https://www.legislation.gov.uk/ukpga/1988/1/section/209B) inserted (with effect in accordance with [s. 102(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/102/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 102(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/102/2)
[^c23396591]: [S. 213A](https://www.legislation.gov.uk/ukpga/1988/1/section/213A) inserted (29.11.2007 with effect in accordance with reg. 3(1) of the amending S.I. (as retrospectively amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(1)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/1)) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 13](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/13)
[^c23396991]: [S. 230A](https://www.legislation.gov.uk/ukpga/1988/1/section/230A) and preceding cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 100](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/100) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c22732941]: [S. 231A](https://www.legislation.gov.uk/ukpga/1988/1/section/231A) repealed (with effect in accordance with s. 30(11), Sch. 8 Pt. 2(9) Note 3 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 30(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/8), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9)
[^c23395321]: [S. 232](https://www.legislation.gov.uk/ukpga/1988/1/section/232) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 117](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/117), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395341]: [S. 233](https://www.legislation.gov.uk/ukpga/1988/1/section/233) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 118](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/118), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21582241]: [S. 234A](https://www.legislation.gov.uk/ukpga/1988/1/section/234A) inserted (with application in relation to distributions begun after 16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 32(1)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/32/1/4).
[^c22736001]: [Ss. 235-237](https://www.legislation.gov.uk/ukpga/1988/1/section/235) repealed (with effect in accordance with Sch. 4 para. 7(2), Sch. 8 Pt. 2(9) Note 3 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/7/1), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9)
[^c22736011]: [Ss. 235-237](https://www.legislation.gov.uk/ukpga/1988/1/section/235) repealed (with effect in accordance with Sch. 4 para. 7(2), Sch. 8 Pt. 2(9) Note 3 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/7/1), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9)
[^c22736021]: [Ss. 235-237](https://www.legislation.gov.uk/ukpga/1988/1/section/235) repealed (with effect in accordance with Sch. 4 para. 7(2), Sch. 8 Pt. 2(9) Note 3 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/7/1), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9)
[^c21892091]: [S. 231A](https://www.legislation.gov.uk/ukpga/1988/1/section/231A) inserted (with effect in accordance with [s. 19(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/19/3) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 19(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/19/2)
[^c22734831]: [S. 231AA](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA) inserted (with effect in accordance with [s. 102(9)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/9) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/1)
[^c22734851]: [S. 231AB](https://www.legislation.gov.uk/ukpga/1988/1/section/231AB) inserted (with effect in accordance with [s. 102(10)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/10) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/2)
[^c22732961]: [S. 231B](https://www.legislation.gov.uk/ukpga/1988/1/section/231B) inserted (with effect in accordance with [s. 28(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/28/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 28(1)](https://www.legislation.gov.uk/ukpga/1997/58/section/28/1)
[^c22769611]: [S. 238](https://www.legislation.gov.uk/ukpga/1988/1/section/238) repealed (with effect in accordance with Sch. 3 para. 11(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 11(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/11/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22769621]: [S. 239](https://www.legislation.gov.uk/ukpga/1988/1/section/239) repealed (with effect in accordance with Sch. 3 para. 12(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 12(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/12/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note (with Sch. 3 para. 12(3)-(6))
[^c22769631]: [S. 240](https://www.legislation.gov.uk/ukpga/1988/1/section/240) repealed (with effect in accordance with Sch. 3 para. 13(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 13(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/13/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22769641]: [S. 241](https://www.legislation.gov.uk/ukpga/1988/1/section/241) repealed (with effect in accordance with Sch. 3 para. 14(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 14(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/14/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22769691]: [Ss. 242-244](https://www.legislation.gov.uk/ukpga/1988/1/section/242) repealed (with effect in accordance with s. 20(1)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 20(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/20/5), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c22769701]: [Ss. 242-244](https://www.legislation.gov.uk/ukpga/1988/1/section/242) repealed (with effect in accordance with s. 20(1)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 20(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/20/5), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c22769711]: [Ss. 242-244](https://www.legislation.gov.uk/ukpga/1988/1/section/242) repealed (with effect in accordance with s. 20(1)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 20(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/20/5), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c22769651]: [S. 245](https://www.legislation.gov.uk/ukpga/1988/1/section/245) repealed (with effect in accordance with Sch. 3 para. 15(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 15(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/15/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21583181]: [Ss. 245A](https://www.legislation.gov.uk/ukpga/1988/1/section/245A), [245B](https://www.legislation.gov.uk/ukpga/1988/1/section/245B) inserted (in relation to changes in ownership on or after 14 March 1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 98](https://www.legislation.gov.uk/ukpga/1989/26/section/98)
[^c22769661]: [S. 245A](https://www.legislation.gov.uk/ukpga/1988/1/section/245A) repealed (with effect in accordance with Sch. 3 para. 16(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 16(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/16/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22769671]: [S. 245B](https://www.legislation.gov.uk/ukpga/1988/1/section/245B) repealed (with effect in accordance with Sch. 3 para. 17(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 17(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/17/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22769681]: [S. 246](https://www.legislation.gov.uk/ukpga/1988/1/section/246) repealed (with effect in accordance with Sch. 3 para. 18(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 18(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/18/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23486901]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486921]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486931]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486941]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486951]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486961]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486971]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486981]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486991]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487001]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487011]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487021]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487031]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487041]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487051]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487061]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487071]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487081]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487091]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487101]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487111]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487121]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487131]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487141]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487151]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22735811]: [S. 247](https://www.legislation.gov.uk/ukpga/1988/1/section/247) repealed (with application in accordance with s. 85(6), Sch. 33 Pt. 2(10) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 85(5)](https://www.legislation.gov.uk/ukpga/2001/9/section/85/5), [Sch. 33 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/10)
[^c22735831]: [S. 248](https://www.legislation.gov.uk/ukpga/1988/1/section/248) repealed (with application in accordance with s. 85(6), Sch. 33 Pt. 2(10) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 85(5)](https://www.legislation.gov.uk/ukpga/2001/9/section/85/5), [Sch. 33 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/10)
[^c23487221]: [Ss. 251A-251D](https://www.legislation.gov.uk/ukpga/1988/1/section/251A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 122](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/122), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23487241]: [Ss. 251A-251D](https://www.legislation.gov.uk/ukpga/1988/1/section/251A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 122](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/122), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23487251]: [Ss. 251A-251D](https://www.legislation.gov.uk/ukpga/1988/1/section/251A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 122](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/122), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23487261]: [Ss. 251A-251D](https://www.legislation.gov.uk/ukpga/1988/1/section/251A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 122](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/122), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22777131]: [S. 255](https://www.legislation.gov.uk/ukpga/1988/1/section/255) repealed (with effect in accordance with Sch. 3 para. 23(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 23(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/23/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23487161]: [Ss. 251A-251D](https://www.legislation.gov.uk/ukpga/1988/1/section/251A) and preceding cross-heading inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 34](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/34) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21868061]: [Pt. 6 Ch. 5A](https://www.legislation.gov.uk/ukpga/1988/1/part/6/chapter/5A) (ss. 246A-246Y) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 1](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/1)
[^c23398331]: [S. 257AA](https://www.legislation.gov.uk/ukpga/1988/1/section/257AA) repealed (6.4.2003) by [Tax Credits Act 2002 (c. 21)](https://www.legislation.gov.uk/ukpga/2002/21), [s. 61](https://www.legislation.gov.uk/ukpga/2002/21/section/61), [Sch. 6](https://www.legislation.gov.uk/ukpga/2002/21/schedule/6); [S.I. 2003/962](https://www.legislation.gov.uk/uksi/2003/962), [art. 2(3)(e)](https://www.legislation.gov.uk/uksi/2003/962/article/2/3/e), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/962/schedule/1) (with [arts. 3](https://www.legislation.gov.uk/uksi/2003/962/article/3), [5](https://www.legislation.gov.uk/uksi/2003/962/article/5))
[^c23408731]: Words in [s. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) heading inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [51(5)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/51/5)
[^c21584501]: [Ss. 257BA](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA), [257BB](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB) substituted for s. 257B (16.7.1992 with application in relation to tax for the year 1993-94 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 20](https://www.legislation.gov.uk/ukpga/1992/48/section/20), [Sch. 5 paras.2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/2), [10](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/10).
[^c23408771]: Words in [s. 257BA](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA) heading inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(9)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/9)
[^c23411161]: Words in [s. 257BB](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB) heading inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(6)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/6)
[^c21584511]: [Ss. 257BA](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA), [257BB](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB) substituted for s. 257B (16.7.1992 with application in relation to tax for the year 1993-94 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 20](https://www.legislation.gov.uk/ukpga/1992/48/section/20), [Sch. 5 paras.2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/2), [10](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/10).
[^c23415291]: Words in [s. 257C](https://www.legislation.gov.uk/ukpga/1988/1/section/257C) sidenote substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 34(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/34/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23411261]: Words in [s. 257C](https://www.legislation.gov.uk/ukpga/1988/1/section/257C) sidenote substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [55(d)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/55/d)
[^c22733721]: [Ss. 257D-257F](https://www.legislation.gov.uk/ukpga/1988/1/section/257D) repealed (with effect in accordance with s. 32(4), Sch. 20 Pt. 3(3) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 32(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/2), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3)
[^c22733731]: [Ss. 257D-257F](https://www.legislation.gov.uk/ukpga/1988/1/section/257D) repealed (with effect in accordance with s. 32(4), Sch. 20 Pt. 3(3) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 32(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/2), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3)
[^c22733741]: [Ss. 257D-257F](https://www.legislation.gov.uk/ukpga/1988/1/section/257D) repealed (with effect in accordance with s. 32(4), Sch. 20 Pt. 3(3) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 32(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/2), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3)
[^c21584921]: [S. 258](https://www.legislation.gov.uk/ukpga/1988/1/section/258) repealed (1988-89 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 25(3)](https://www.legislation.gov.uk/ukpga/1988/39/section/25/3), [Sch.14 Part IV](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c22734131]: [Ss. 259-261A](https://www.legislation.gov.uk/ukpga/1988/1/section/259) repealed (with effect in accordance with s. 33(2), Sch. 20 Pt. 3(4) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 33(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/33/1), [Sch. 20 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/4)
[^c22734161]: [Ss. 259-261A](https://www.legislation.gov.uk/ukpga/1988/1/section/259) repealed (with effect in accordance with s. 33(2), Sch. 20 Pt. 3(4) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 33(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/33/1), [Sch. 20 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/4)
[^c22734191]: [Ss. 259-261A](https://www.legislation.gov.uk/ukpga/1988/1/section/259) repealed (with effect in accordance with s. 33(2), Sch. 20 Pt. 3(4) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 33(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/33/1), [Sch. 20 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/4)
[^c21585181]: [S. 261A](https://www.legislation.gov.uk/ukpga/1988/1/section/261A) inserted (16.7.1992 with application in relation to tax for the year 1993-94 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 20](https://www.legislation.gov.uk/ukpga/1992/48/section/20), [Sch. 5 paras.6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/6), [10](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/10).
[^c22734201]: [Ss. 259-261A](https://www.legislation.gov.uk/ukpga/1988/1/section/259) repealed (with effect in accordance with s. 33(2), Sch. 20 Pt. 3(4) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 33(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/33/1), [Sch. 20 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/4)
[^c22734561]: [S. 262](https://www.legislation.gov.uk/ukpga/1988/1/section/262) repealed (with effect in accordance with s. 34(2), Sch. 20 Pt. 3(5) Note 1 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 34(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/34/1), [Sch. 20 Pt. 3(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/5) (with [s. 34(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/34/3))
[^c21585271]: [S. 263](https://www.legislation.gov.uk/ukpga/1988/1/section/263) repealed (1988-89 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 25(3)](https://www.legislation.gov.uk/ukpga/1988/39/section/25/3), [Sch.14 Part IV](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c21585291]: [S. 264](https://www.legislation.gov.uk/ukpga/1988/1/section/264) repealed (1988-89 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 25(3)](https://www.legislation.gov.uk/ukpga/1988/39/section/25/3), [Sch.14 Part IV](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c21585671]: Source-1970 s.19(1); 1976 Sch.4 3(1)
[^c23412001]: Words in [s. 266(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/1) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 9](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/9) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21585681]: Source-1970 s.19(2); 1976 s.36(5), Sch.4 3(2)
[^c22749841]: [S. 266(2)(a)(i)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/2/a/i/ii) substituted for s. 266(2)(a)-(iii) (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 18(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/18/2)
[^c23411401]: Words in [s. 266(2)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/2/b/c) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [57(2)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/57/2)
[^c21585711]: Source-1970 s.19(3)(a)
[^c21585721]: Source-1970 s.19(4)
[^c21585731]: Source-1984 s.72(1)
[^c23414441]: Words in [s. 266(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/3/c) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 36(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/36/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21585741]: Source-1970 s.19(3)(b)
[^c21585751]: Source-1976 Sch.4 4(1) 5; 1978 Sch.3 2; 1980 s.29(2)(b)
[^c21585761]: Words in [s. 266(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/5/a) substituted (from 6.4.1989) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 29](https://www.legislation.gov.uk/ukpga/1988/39/section/29)
[^c23414461]: [S. 266(6)(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/6/6A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 36(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/36/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21585811]: Source-1976 Sch.4 4(2)
[^c23414491]: Words in [s. 266(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/8) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 36(6)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/36/6/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21585821]: Source-1976 Sch.4 5A; 1978 Sch.3 5
[^c21585831]: Words in [s. 266(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/9) substituted (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 35](https://www.legislation.gov.uk/ukpga/1988/39/section/35), [Sch. 3 para. 9(a)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/3/paragraph/9/a)
[^c23411431]: Words in [s. 266(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/9) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [57(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/57/3)
[^c21585841]: Source-1970 s.19(4)(a), (c); 1971 Sch.3 11
[^c21585851]: [1924 c. 27](https://www.legislation.gov.uk/ukpga/1924/27).
[^c21585861]: Source-1970 s.19(3)(i)(ii)
[^c21585871]: Words in [s. 266(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/11/a) substituted (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 35](https://www.legislation.gov.uk/ukpga/1988/39/section/35), [Sch. 3 para. 9(b)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/3/paragraph/9/b)
[^c23411451]: Words in [s. 266(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/11/a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [57(4)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/57/4/a)
[^c23411471]: Words in [s. 266(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/11/a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [57(4)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/57/4/b)
[^c21585881]: [S. 266(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/13) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 paras. 2(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/2/3); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c23487291]: Words in [s. 266(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/13) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 36(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/36/7), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22749861]: [S. 266(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/14) added (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 18(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/18/3)
[^c22749881]: [1982 c. xiv](https://www.legislation.gov.uk/ukla/1982/14).
[^c23412021]: Words in [s. 266A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/266A/1) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 10(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/10/2) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23412041]: [S. 266A(3)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/266A/3) substituted for s. 266A(3)-(6) (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 10(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/10/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21585951]: Source-1970 s.21(1); 1976 Sch.4 21
[^c21585961]: Source-1970 s.21(3); 1975 Sch.2 6
[^c21585991]: Source-1970 s.21(5)
[^c22749951]: Word in [s. 274(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/274/4) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 20](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/20)
[^c23414611]: [Ss. 256A](https://www.legislation.gov.uk/ukpga/1988/1/section/256A), [256B](https://www.legislation.gov.uk/ukpga/1988/1/section/256B) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 28](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/28) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22732361]: [S. 257AA](https://www.legislation.gov.uk/ukpga/1988/1/section/257AA) inserted (with effect in accordance with [s. 30(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/30/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 30(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/30/1)
[^c23408751]: [S. 257AB](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [52](https://www.legislation.gov.uk/uksi/2005/3229/regulation/52)
[^c23403981]: [S. 266A](https://www.legislation.gov.uk/ukpga/1988/1/section/266A) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 36](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/36) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21586011]: [S. 275](https://www.legislation.gov.uk/ukpga/1988/1/section/275) repealed (1988-89 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part IV](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23414161]: [S. 276](https://www.legislation.gov.uk/ukpga/1988/1/section/276) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 38](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/38), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414181]: [S. 277](https://www.legislation.gov.uk/ukpga/1988/1/section/277) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 39](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/39), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21586191]: [S. 279](https://www.legislation.gov.uk/ukpga/1988/1/section/279) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [ss. 32](https://www.legislation.gov.uk/ukpga/1988/39/section/32), [148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c21586221]: [S. 280](https://www.legislation.gov.uk/ukpga/1988/1/section/280) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c21586251]: [S. 281](https://www.legislation.gov.uk/ukpga/1988/1/section/281) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23411661]: Words in [s. 282](https://www.legislation.gov.uk/ukpga/1988/1/section/282) heading substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [62(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/62/b)
[^c23414191]: [S. 282](https://www.legislation.gov.uk/ukpga/1988/1/section/282) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 41](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/41), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21586291]: [Ss. 282A](https://www.legislation.gov.uk/ukpga/1988/1/section/282A), [282B](https://www.legislation.gov.uk/ukpga/1988/1/section/282B) inserted (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 34](https://www.legislation.gov.uk/ukpga/1988/39/section/34)
[^c23414201]: [Ss. 282A](https://www.legislation.gov.uk/ukpga/1988/1/section/282A), [282B](https://www.legislation.gov.uk/ukpga/1988/1/section/282B) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 42](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/42), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414211]: [Ss. 282A](https://www.legislation.gov.uk/ukpga/1988/1/section/282A), [282B](https://www.legislation.gov.uk/ukpga/1988/1/section/282B) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 42](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/42), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21586341]: [Ss. 283-288](https://www.legislation.gov.uk/ukpga/1988/1/section/283) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23488151]: [Ss. 283-288](https://www.legislation.gov.uk/ukpga/1988/1/section/283) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23488161]: [Ss. 283-288](https://www.legislation.gov.uk/ukpga/1988/1/section/283) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23488171]: [Ss. 283-288](https://www.legislation.gov.uk/ukpga/1988/1/section/283) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23488181]: [Ss. 283-288](https://www.legislation.gov.uk/ukpga/1988/1/section/283) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23488191]: [Ss. 283-288](https://www.legislation.gov.uk/ukpga/1988/1/section/283) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23408611]: Words in [Pt. 7 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/2) heading inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [61](https://www.legislation.gov.uk/uksi/2005/3229/regulation/61)
[^c23415751]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2)); and s. 289(9) amended (as saved) (retrospective to 6.4.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 16 paras. 16(1)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/16/1/a), [18](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/18); and s. 289 further amended (as saved) (17.7.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Income Tax Act 2007 (Amendment) (No. 2) Order 2007 (S.I. 2007/1820)](https://www.legislation.gov.uk/uksi/2007/1820), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1820/article/1/1), [2(2)](https://www.legislation.gov.uk/uksi/2007/1820/article/2/2)
[^c23415771]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415781]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415791]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21587501]: [S. 290A](https://www.legislation.gov.uk/ukpga/1988/1/section/290A) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39) s. 51(1)(b)
[^c22754161]: [S. 290A](https://www.legislation.gov.uk/ukpga/1988/1/section/290A) repealed (with effect in accordance with s. 74(3), Sch. 27 Pt. 3(14) Note 4 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 5](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/5), [Sch. 27 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/14)
[^c23415811]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415821]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415831]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2)); and s. 291B amended (as saved) (17.7.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Income Tax Act 2007 (Amendment) (No. 2) Order 2007 (S.I. 2007/1820)](https://www.legislation.gov.uk/uksi/2007/1820), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1820/article/1/1), [2(2)](https://www.legislation.gov.uk/uksi/2007/1820/article/2/2)
[^c23415841]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415851]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2)); and s. 293 amended (as saved) (17.7.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Income Tax Act 2007 (Amendment) (No. 2) Order 2007 (S.I. 2007/1820)](https://www.legislation.gov.uk/uksi/2007/1820), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1820/article/1/1), [2(2)](https://www.legislation.gov.uk/uksi/2007/1820/article/2/2)
[^c23415861]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415871]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415881]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415891]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2)); and s. 297 amended (as saved) (retrospective to 6.4.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 16 paras. 11(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/11/1), [13](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/13), [Sch. 27 Pt. 2(16)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/16), Note
[^c23415901]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2)); and s. 298 amended (as saved) (17.7.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Income Tax Act 2007 (Amendment) (No. 2) Order 2007 (S.I. 2007/1820)](https://www.legislation.gov.uk/uksi/2007/1820), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1820/article/1/1), [2(3)](https://www.legislation.gov.uk/uksi/2007/1820/article/2/3)
[^c23415911]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2)); and s. 299 (as saved) applied (with modifications) by s. 149(1)(a) of that repealing Act
[^c21588241]: [S. 299A](https://www.legislation.gov.uk/ukpga/1988/1/section/299A) inserted (27.7.1993 with application in relation to any case in which the claim for relief is made on or after 16.3.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 111(1)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/111/1/4)
[^c23415921]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415931]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415941]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415951]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415961]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415971]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415981]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415991]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23416001]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23416011]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23411881]: [S. 304](https://www.legislation.gov.uk/ukpga/1988/1/section/304) heading substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [65(c)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/65/c)
[^c23416021]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23416031]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2)); and s. 304A amended (as saved) (retrospective to 6.4.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 16 paras. 11(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/11/2), [13](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/13)
[^c23416041]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414221]: [S. 305A](https://www.legislation.gov.uk/ukpga/1988/1/section/305A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 43](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/43), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23416051]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23416061]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23416071]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2)); and s. 308 amended (as saved) (17.7.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Income Tax Act 2007 (Amendment) (No. 2) Order 2007 (S.I. 2007/1820)](https://www.legislation.gov.uk/uksi/2007/1820), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1820/article/1/1), [2(2)](https://www.legislation.gov.uk/uksi/2007/1820/article/2/2)
[^c22219051]: [S. 309](https://www.legislation.gov.uk/ukpga/1988/1/section/309) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 24](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/24), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c23416091]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23416101]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23416111]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2)); and s. 312 amended (as saved) (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 44](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/44) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2)); and s. 312 further amended (as saved) (retrospective to 6.4.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 16 paras. 16(1)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/16/1/b), [18](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/18), [Sch. 27 Pt. 2(16)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/16), Note; and s. 312 further amended (as saved) (17.7.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Income Tax Act 2007 (Amendment) (No. 2) Order 2007 (S.I. 2007/1820)](https://www.legislation.gov.uk/uksi/2007/1820), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1820/article/1/1), [2(4)(5)](https://www.legislation.gov.uk/uksi/2007/1820/article/2/4/5); and s. 312 further amended (as saved) (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 7(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/7/3)
[^c23488341]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) (ss. 289-312), except s. 305A, repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 627](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/627), [Sch. 3 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/2) (with savings in [s. 1034(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/3), [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22753141]: [Ss. 289-289B](https://www.legislation.gov.uk/ukpga/1988/1/section/289) substituted for s. 289 (with effect in accordance with [s. 137(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1), [Sch. 15 para. 2](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/2)
[^c22753161]: [Ss. 289-289B](https://www.legislation.gov.uk/ukpga/1988/1/section/289) substituted for s. 289 (with effect in accordance with [s. 137(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1), [Sch. 15 para. 2](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/2)
[^c22754201]: [Ss. 291-291B](https://www.legislation.gov.uk/ukpga/1988/1/section/291) substituted for s. 291 (with effect in accordance with [s. 137(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1), [Sch. 15 para. 5](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/5)
[^c22754221]: [Ss. 291-291B](https://www.legislation.gov.uk/ukpga/1988/1/section/291) substituted for s. 291 (with effect in accordance with [s. 137(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1), [Sch. 15 para. 5](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/5)
[^c22784701]: [S. 299B](https://www.legislation.gov.uk/ukpga/1988/1/section/299B) inserted (with effect in accordance with [s. 71(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/71/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 71(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/71/1)
[^c22784761]: [S. 300A](https://www.legislation.gov.uk/ukpga/1988/1/section/300A) inserted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 16](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/16)
[^c22784781]: [S. 301A](https://www.legislation.gov.uk/ukpga/1988/1/section/301A) inserted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 18](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/18)
[^c22784801]: [S. 303AA](https://www.legislation.gov.uk/ukpga/1988/1/section/303AA) inserted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 20](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/20)
[^c22784741]: [S. 303A](https://www.legislation.gov.uk/ukpga/1988/1/section/303A) inserted (with effect in accordance with [s. 63(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 2(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/2/3)
[^c22784721]: [S. 304A](https://www.legislation.gov.uk/ukpga/1988/1/section/304A) inserted (with effect in accordance with s. 74(3), [Sch. 13 para. 17(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/17/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 17(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/17/1); and see also the s. 304A inserted (with effect in accordance with s. 74(3), [Sch. 13 para. 41(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/41/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 paras. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/37), [41(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/41/1)
[^c22219151]: [S. 305A](https://www.legislation.gov.uk/ukpga/1988/1/section/305A) inserted (with effect in accordance with [s. 137(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1), [Sch. 15 para. 20](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/20)
[^c23398031]: [S. 313](https://www.legislation.gov.uk/ukpga/1988/1/section/313) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 39](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/39), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1)(with Sch. 7)
[^c23407871]: [S. 314](https://www.legislation.gov.uk/ukpga/1988/1/section/314) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 128](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/128), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23398051]: [Ss. 315-318](https://www.legislation.gov.uk/ukpga/1988/1/section/315) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 41](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/41), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23398061]: [Ss. 315-318](https://www.legislation.gov.uk/ukpga/1988/1/section/315) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 41](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/41), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23398071]: [Ss. 315-318](https://www.legislation.gov.uk/ukpga/1988/1/section/315) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 41](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/41), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23398081]: [Ss. 315-318](https://www.legislation.gov.uk/ukpga/1988/1/section/315) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 41](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/41), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23398091]: [S. 319](https://www.legislation.gov.uk/ukpga/1988/1/section/319) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 42](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/42), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23414231]: [S. 320](https://www.legislation.gov.uk/ukpga/1988/1/section/320) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 45](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/45), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23398101]: [S. 321](https://www.legislation.gov.uk/ukpga/1988/1/section/321) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 43](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/43), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23407891]: [S. 322](https://www.legislation.gov.uk/ukpga/1988/1/section/322) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 129](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/129), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23414241]: [S. 323](https://www.legislation.gov.uk/ukpga/1988/1/section/323) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 46](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/46), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23407901]: [S. 324](https://www.legislation.gov.uk/ukpga/1988/1/section/324) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 130](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/130), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23407911]: [S. 325](https://www.legislation.gov.uk/ukpga/1988/1/section/325) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 131](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/131), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23407921]: [S. 326](https://www.legislation.gov.uk/ukpga/1988/1/section/326) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 132](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/132), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21589681]: [Ss. 326A-326C](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 28(1)](https://www.legislation.gov.uk/ukpga/1990/29/section/28/1)
[^c23407931]: [Ss. 326A-326D](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 133](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/133), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23488641]: [Ss. 326A-326C](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 28(1)](https://www.legislation.gov.uk/ukpga/1990/29/section/28/1)
[^c23407941]: [Ss. 326A-326D](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 133](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/133), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23407951]: [Ss. 326A-326D](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 133](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/133), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23488651]: [Ss. 326A-326C](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 28(1)](https://www.legislation.gov.uk/ukpga/1990/29/section/28/1)
[^c23407961]: [Ss. 326A-326D](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 133](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/133), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23407971]: [Ss. 326A-326D](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 133](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/133), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23407981]: [S. 327](https://www.legislation.gov.uk/ukpga/1988/1/section/327) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 134](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/134), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23407991]: [S. 327A](https://www.legislation.gov.uk/ukpga/1988/1/section/327A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 135](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/135), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22791041]: [S. 328](https://www.legislation.gov.uk/ukpga/1988/1/section/328) repealed (with effect in accordance with s. 68(3)-(5) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 68(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/68/2), [Sch. 20 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/17), Note
[^c23408001]: [Ss. 329-329AB](https://www.legislation.gov.uk/ukpga/1988/1/section/329) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 136](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/136), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408011]: [Ss. 329-329AB](https://www.legislation.gov.uk/ukpga/1988/1/section/329) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 136](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/136), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408021]: [Ss. 329-329AB](https://www.legislation.gov.uk/ukpga/1988/1/section/329) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 136](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/136), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22791051]: [Ss. 329A-329C](https://www.legislation.gov.uk/ukpga/1988/1/section/329A) repealed and superseded (29.4 1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 150(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/2/3), [Sch. 41 Pt. 5(16)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/16) (with [s. 150(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/4))
[^c22791061]: [Ss. 329A-329C](https://www.legislation.gov.uk/ukpga/1988/1/section/329A) repealed and superseded (29.4 1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 150(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/2/3), [Sch. 41 Pt. 5(16)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/16) (with [s. 150(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/4))
[^c22791071]: [Ss. 329A-329C](https://www.legislation.gov.uk/ukpga/1988/1/section/329A) repealed and superseded (29.4 1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 150(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/2/3), [Sch. 41 Pt. 5(16)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/16) (with [s. 150(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/4))
[^c23398111]: [S. 330](https://www.legislation.gov.uk/ukpga/1988/1/section/330) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 46](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/46), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23408031]: [S. 331](https://www.legislation.gov.uk/ukpga/1988/1/section/331) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 137](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/137), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408041]: [S. 331A](https://www.legislation.gov.uk/ukpga/1988/1/section/331A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 138](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/138), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23398211]: [S. 332(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/332/1/2) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 47(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/47/2), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23408051]: [S. 332(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/332/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 139](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/139), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22791081]: [S. 332(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/332/3A/3B) inserted (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 12 para. 10](https://www.legislation.gov.uk/ukpga/2001/9/schedule/12/paragraph/10)
[^c23398241]: [S. 332(3A)(3B)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/332/3A/3B/4) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 47(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/47/4), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23414291]: [S. 332A](https://www.legislation.gov.uk/ukpga/1988/1/section/332A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 47](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/47), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23408391]: [S. 333](https://www.legislation.gov.uk/ukpga/1988/1/section/333) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 141](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/141) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408091]: [S. 333A](https://www.legislation.gov.uk/ukpga/1988/1/section/333A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 142](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/142), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23416121]: [S. 333B](https://www.legislation.gov.uk/ukpga/1988/1/section/333B) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 4](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/4), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c22211271]: [S. 326BB](https://www.legislation.gov.uk/ukpga/1988/1/section/326BB) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 62(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/62/2)
[^c22211341]: [S. 326D](https://www.legislation.gov.uk/ukpga/1988/1/section/326D) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 63(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/63/4)
[^c23404461]: [S. 327A](https://www.legislation.gov.uk/ukpga/1988/1/section/327A) inserted (with effect in accordance with [s. 175(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/175/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 175(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/175/1)
[^c22790871]: [Ss. 329AA](https://www.legislation.gov.uk/ukpga/1988/1/section/329AA), [329AB](https://www.legislation.gov.uk/ukpga/1988/1/section/329AB) inserted (with effect in accordance with [s. 150(2)-(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 150(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/1), [Sch. 26](https://www.legislation.gov.uk/ukpga/1996/8/schedule/26)
[^c22790761]: [Ss. 329A](https://www.legislation.gov.uk/ukpga/1988/1/section/329A), [329B](https://www.legislation.gov.uk/ukpga/1988/1/section/329B) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 142](https://www.legislation.gov.uk/ukpga/1995/4/section/142)
[^c22790851]: [S. 329C](https://www.legislation.gov.uk/ukpga/1988/1/section/329C) inserted (8.11.1995) by [Criminal Injuries Compensation Act 1995 (c. 53)](https://www.legislation.gov.uk/ukpga/1995/53), [s. 8](https://www.legislation.gov.uk/ukpga/1995/53/section/8)
[^c22790991]: [S. 331A](https://www.legislation.gov.uk/ukpga/1988/1/section/331A) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 60](https://www.legislation.gov.uk/ukpga/1999/16/section/60)
[^c22790781]: [S. 332A](https://www.legislation.gov.uk/ukpga/1988/1/section/332A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 71(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/71/1)
[^c22211361]: [S. 333A](https://www.legislation.gov.uk/ukpga/1988/1/section/333A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 64(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/64/1)
[^c22790951]: [S. 333B](https://www.legislation.gov.uk/ukpga/1988/1/section/333B) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 77(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/77/1)
[^c23414251]: [S. 334](https://www.legislation.gov.uk/ukpga/1988/1/section/334) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 48](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/48), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414271]: [S. 335](https://www.legislation.gov.uk/ukpga/1988/1/section/335) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 49](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/49), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414281]: [S. 336](https://www.legislation.gov.uk/ukpga/1988/1/section/336) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 50](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/50), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23426611]: [S. 338B](https://www.legislation.gov.uk/ukpga/1988/1/section/338B) repealed (with effect in accordance with s. 38(7) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23499091]: [S. 339A](https://www.legislation.gov.uk/ukpga/1988/1/section/339A) inserted (in relation to accounting periods ending on or after 1 October 1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 27(3)(4)](https://www.legislation.gov.uk/ukpga/1990/29/section/27/3/4)
[^c21591041]: [S. 339A](https://www.legislation.gov.uk/ukpga/1988/1/section/339A) repealed (in relation to accounting periods beginning on or after 19.3.1991) by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 71(1)(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/71/1/3), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 5; and s. 339A modified in its application to accounting periods beginning before 19.3.1991 and ending on or after that date by s. 71(4) of that repealing Act
[^c22754351]: [S. 340](https://www.legislation.gov.uk/ukpga/1988/1/section/340) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 17](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/17), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c22754381]: [S. 341](https://www.legislation.gov.uk/ukpga/1988/1/section/341) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 17](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/17), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c22737451]: [Ss. 338-338B](https://www.legislation.gov.uk/ukpga/1988/1/section/338) substituted for s. 338 (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 1(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/1/2)
[^c23426421]: [S. 342A](https://www.legislation.gov.uk/ukpga/1988/1/section/342A) inserted (with effect in accordance with [Sch. 41 para. 5(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/5/1) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 41 para. 3](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/3)
[^c23426871]: [S. 343ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/343ZA) inserted (with effect in accordance with [s. 89(2)](https://www.legislation.gov.uk/ukpga/2008/9/section/89/2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 89(1)](https://www.legislation.gov.uk/ukpga/2008/9/section/89/1)
[^c23426771]: [S. 343A](https://www.legislation.gov.uk/ukpga/1988/1/section/343A) inserted (19.7.2007, the inserted subsections (2) and (3) having effect in accordance with [Sch. 6 para. 1(3)-(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/6/paragraph/1/3) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/6/paragraph/1/2)
[^c21591591]: [S. 345](https://www.legislation.gov.uk/ukpga/1988/1/section/345) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch.12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 20](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/20), [22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27)).
[^c21591611]: [S. 346](https://www.legislation.gov.uk/ukpga/1988/1/section/346) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch.12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 20](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/20), [22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27)).
[^c21591631]: [S. 347](https://www.legislation.gov.uk/ukpga/1988/1/section/347) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch.12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 20](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/20), [22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27)).
[^c23510671]: [Ss. 347A](https://www.legislation.gov.uk/ukpga/1988/1/section/347A), [347B](https://www.legislation.gov.uk/ukpga/1988/1/section/347B) inserted by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 36(1)(3)-(5)](https://www.legislation.gov.uk/ukpga/1988/39/section/36/1/3)
[^c23438051]: [S. 347A](https://www.legislation.gov.uk/ukpga/1988/1/section/347A) repealed (with effect in accordance with Sch. 5 para. 1(3)(5) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 1(2)(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/1/2/4), [Sch. 27 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/3), Note
[^c23510571]: [Ss. 347A](https://www.legislation.gov.uk/ukpga/1988/1/section/347A), [347B](https://www.legislation.gov.uk/ukpga/1988/1/section/347B) inserted by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 36(1)(3)-(5)](https://www.legislation.gov.uk/ukpga/1988/39/section/36/1/3)
[^c23437281]: [S. 347B](https://www.legislation.gov.uk/ukpga/1988/1/section/347B) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 53](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/53), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437301]: [S. 348](https://www.legislation.gov.uk/ukpga/1988/1/section/348) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 54](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/54), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2)); and s. 348 amended (6.4.2007) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 10 paras. 62](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/62), [64(2)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/64/2), [Sch. 11 Pt. 4](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/4), Note 1
[^c23437311]: [S. 349](https://www.legislation.gov.uk/ukpga/1988/1/section/349) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 55](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/55), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2)); and s. 349 amended (6.4.2007) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 10 paras. 62](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/62), [64(2)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/64/2), [Sch. 11 Pt. 4](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/4), Note 1
[^c23437321]: [S. 349ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/349ZA) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 56](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/56), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437331]: [Ss. 349A-349D](https://www.legislation.gov.uk/ukpga/1988/1/section/349A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 57](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/57), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437341]: [Ss. 349A-349D](https://www.legislation.gov.uk/ukpga/1988/1/section/349A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 57](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/57), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437351]: [Ss. 349A-349D](https://www.legislation.gov.uk/ukpga/1988/1/section/349A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 57](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/57), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437361]: [Ss. 349A-349D](https://www.legislation.gov.uk/ukpga/1988/1/section/349A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 57](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/57), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437371]: [S. 349E](https://www.legislation.gov.uk/ukpga/1988/1/section/349E) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 58](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/58), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437381]: [S. 350](https://www.legislation.gov.uk/ukpga/1988/1/section/350) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 59](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/59), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437391]: [S. 350A](https://www.legislation.gov.uk/ukpga/1988/1/section/350A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 60](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/60), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23513371]: [S. 351](https://www.legislation.gov.uk/ukpga/1988/1/section/351) repealed by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39) s. 36(6), Sch.14 Part IV, Note 5 (with s. 36(3))
[^c23437401]: [S. 352](https://www.legislation.gov.uk/ukpga/1988/1/section/352) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 61](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/61), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23428261]: [S. 349ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/349ZA) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 149](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/149) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22742051]: [Ss. 349A-349D](https://www.legislation.gov.uk/ukpga/1988/1/section/349A) inserted (with application in accordance with [s. 85(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/85/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 85(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/85/1)
[^c22742571]: [S. 349E](https://www.legislation.gov.uk/ukpga/1988/1/section/349E) inserted (with application in accordance with [s. 96(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/96/4) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 96(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/96/1)
[^c22741721]: [S. 350A](https://www.legislation.gov.uk/ukpga/1988/1/section/350A) inserted (with application in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/112/5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 112(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/112/4)
[^c22738711]: [S. 353](https://www.legislation.gov.uk/ukpga/1988/1/section/353) restricted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 123](https://www.legislation.gov.uk/ukpga/1995/4/section/123), [Sch. 22 para. 2](https://www.legislation.gov.uk/ukpga/1995/4/schedule/22/paragraph/2)
[^c22740501]: [S. 353](https://www.legislation.gov.uk/ukpga/1988/1/section/353) restricted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/38/1)
[^c22737861]: [S. 353(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1) substituted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 81(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/1)
[^c23437491]: Words in [s. 353(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 62(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/62/2/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23428351]: Words in [s. 353(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 152](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/152) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23437591]: Words in [s. 353(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 62(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/62/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22737881]: [S. 353(1A)-(1H)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1A) inserted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 81(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/2)
[^c23437691]: [S. 353(1A)-(1AB)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1A) substituted for s. 353(1A) (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 62(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/62/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437511]: [S. 353(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1B) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 62(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/62/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22738621]: [S. 353(1C)(1D)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1C/1D) repealed (with effect in accordance with s. 42(3)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/2), Note
[^c23437531]: Words in [s. 353(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1E) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 62(5)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/62/5/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437631]: Words in [s. 353(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1E) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 62(5)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/62/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437651]: Words in [s. 353(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1E) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 62(5)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/62/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22766321]: Words in [s. 353(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1E) repealed (with effect in accordance with s. 42(3)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/2), Note
[^c22738681]: [S. 353(1E)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1E/b) and preceding word repealed (with effect in accordance with s. 42(3)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/2), Note
[^c23437671]: Words in [s. 353(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1E) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 62(5)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/62/5/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437551]: [S. 353(1F)-(1H)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1F) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 62(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/62/6), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21593131]: Source-1986 s.26(1)
[^c21593141]: Source-1972 s.75(1A), (2); 1974 s.19(1)(b)
[^c22737901]: [S. 353(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/4/5) repealed (with effect in accordance with s. 81(6) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 9 para. 3](https://www.legislation.gov.uk/ukpga/1994/9/schedule/9/paragraph/3), [Sch. 26 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/2), Note
[^c22740541]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22740561]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22740571]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21593721]: [Ss. 356A-356D](https://www.legislation.gov.uk/ukpga/1988/1/section/356A) inserted (1.8.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s.42(1)(4)](https://www.legislation.gov.uk/ukpga/1988/39/section/42/1/4)
[^c22740581]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21593732]: [Ss. 356A-356D](https://www.legislation.gov.uk/ukpga/1988/1/section/356A) inserted (1.8.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 42(1)(4)](https://www.legislation.gov.uk/ukpga/1988/39/section/42/1/4); and s. 356B substituted (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [Sch. 3 para. 14](https://www.legislation.gov.uk/ukpga/1988/39/schedule/3/paragraph/14)
[^c22740591]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21593761]: [Ss. 356A-356D](https://www.legislation.gov.uk/ukpga/1988/1/section/356A) inserted (1.8.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s.42(1)(4)](https://www.legislation.gov.uk/ukpga/1988/39/section/42/1/4)
[^c22740601]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22766331]: [Ss. 356A-356D](https://www.legislation.gov.uk/ukpga/1988/1/section/356A) inserted (1.8.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s.42(1)(4)](https://www.legislation.gov.uk/ukpga/1988/39/section/42/1/4)
[^c22740611]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22740621]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21594001]: [Ss. 357A-357C](https://www.legislation.gov.uk/ukpga/1988/1/section/357A) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 56](https://www.legislation.gov.uk/ukpga/1993/34/section/56)
[^c22740631]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c23517651]: [Ss. 357A-357C](https://www.legislation.gov.uk/ukpga/1988/1/section/357A) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 56](https://www.legislation.gov.uk/ukpga/1993/34/section/56)
[^c22740641]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c23517661]: [Ss. 357A-357C](https://www.legislation.gov.uk/ukpga/1988/1/section/357A) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 56](https://www.legislation.gov.uk/ukpga/1993/34/section/56)
[^c22740651]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22740661]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c23437411]: [S. 359](https://www.legislation.gov.uk/ukpga/1988/1/section/359) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 63](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/63), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437421]: [S. 360](https://www.legislation.gov.uk/ukpga/1988/1/section/360) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 64](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/64), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21594191]: [S. 360A](https://www.legislation.gov.uk/ukpga/1988/1/section/360A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 48(2)](https://www.legislation.gov.uk/ukpga/1989/26/section/48/2)
[^c23437431]: [S. 360A](https://www.legislation.gov.uk/ukpga/1988/1/section/360A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 65](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/65), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437441]: [S. 361](https://www.legislation.gov.uk/ukpga/1988/1/section/361) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 66](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/66), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437451]: [S. 362](https://www.legislation.gov.uk/ukpga/1988/1/section/362) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 67](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/67), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437461]: [S. 363](https://www.legislation.gov.uk/ukpga/1988/1/section/363) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 68](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/68), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23437471]: [S. 364](https://www.legislation.gov.uk/ukpga/1988/1/section/364) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 69](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/69), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21594501]: Source-1974 Sch.1 24; 1984 s.22(3)
[^c22740671]: [S. 365(1)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/1/aa) inserted (with effect in accordance with [s. 39(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/39/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 39(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/39/1)
[^c22740711]: Words in [s. 365(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/1/d) inserted (with effect in accordance with [s. 40(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/40/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 40(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/40/2)
[^c22740691]: [S. 365(1AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/1AA) inserted (with effect in accordance with [s. 39(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/39/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 39(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/39/2)
[^c22740751]: [S. 365(1AB)-(1AD)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/1AB) inserted (with effect in accordance with [s. 40(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/40/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 40(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/40/3)
[^c21594511]: [S. 365(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/1A/1B) inserted (27.7.1993 with effect in relation to payments of interest made on or after 16 March 1993 (whenever falling due)) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 57(3)(5)(6)](https://www.legislation.gov.uk/ukpga/1993/34/section/57/3/5/6)
[^c22740731]: [S. 365(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/1A) substituted (with effect in accordance with [s. 40(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/40/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 40(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/40/4)
[^c22741761]: Words in [s. 365(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/3) substituted (with effect in accordance with [s. 83(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 83(1)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/1/a)
[^c22741781]: Words in [s. 365(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/3) substituted (with effect in accordance with [s. 83(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 83(1)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/1/b)
[^c21594531]: Source-1972 Sch.10 7; 1974 Sch.1 25(1)
[^c23437701]: Words in [s. 366(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/366/1/c) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 70](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/70), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21594541]: Source-1972 Sch.10 8, 9
[^c22740771]: [S. 367(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/1) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 3(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/3/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c23437721]: [S. 367(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 71](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/71), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21594731]: [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1988-89) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 41](https://www.legislation.gov.uk/ukpga/1988/39/section/41) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1989-90) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 46](https://www.legislation.gov.uk/ukpga/1989/26/section/46) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1990-91) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 71](https://www.legislation.gov.uk/ukpga/1990/29/section/71) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1991-92) by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 26](https://www.legislation.gov.uk/ukpga/1991/31/section/26) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1992-93) by [Finance Act 1992 (c. 20)](https://www.legislation.gov.uk/ukpga/1992/20), [s. 10(4)](https://www.legislation.gov.uk/ukpga/1992/20/section/10/4) (with [s. 10(5)](https://www.legislation.gov.uk/ukpga/1992/20/section/10/5)) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1993-94) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 55](https://www.legislation.gov.uk/ukpga/1993/34/section/55) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1994-95, 1995-96) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 80](https://www.legislation.gov.uk/ukpga/1994/9/section/80) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1996-97) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 76](https://www.legislation.gov.uk/ukpga/1996/8/section/76) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1997-98) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 57](https://www.legislation.gov.uk/ukpga/1997/16/section/57) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1998-99) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 16](https://www.legislation.gov.uk/ukpga/1997/58/section/16) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1999-2000) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 37](https://www.legislation.gov.uk/ukpga/1999/16/section/37)
[^c21594751]: Source-1972 Sch.9 5(1A); 1984 s.22(1)(c)
[^c22740841]: Words in [s. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 3(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/3/4)
[^c23437481]: [S. 368](https://www.legislation.gov.uk/ukpga/1988/1/section/368) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 72](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/72), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23438171]: [S. 367A](https://www.legislation.gov.uk/ukpga/1988/1/section/367A) inserted (1.4.2010 with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [Sch. 2 para. 47](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/47) (with [Sch. 9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9))
[^c22740881]: [S. 369(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/1) excluded (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 38(2)-(7)](https://www.legislation.gov.uk/ukpga/1999/16/section/38/2)
[^c21594981]: Source-1982 s.26(1), (2)
[^c22738251]: Words in [s. 369(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/1) substituted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 81(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/3)
[^c22740901]: [S. 369(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/1A) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 4](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/4)
[^c22741801]: Words in [s. 369(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/1A) substituted (with effect in accordance with [s. 83(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 83(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/3)
[^c22738291]: [S. 369(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/3) substituted for s. 369(3)-(5B) (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 81(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/4)
[^c21595061]: Source-1982 s.26(7)
[^c21595071]: [S. 369(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/7) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 58(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/58/1/2)
[^c22739921]: [S. 369(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/7/a) substituted (with effect in accordance with [Sch. 18 para. 17(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 6(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/6/2/a)
[^c22739941]: Words in [s. 369(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/7/b) inserted (with effect in accordance with [Sch. 18 para. 17(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/6/2/b)
[^c22739961]: Words in [s. 369(7)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/7/c) substituted (with effect in accordance with [Sch. 18 para. 17(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 6(2)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/6/2/c)
[^c22739901]: Words in [s. 369(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/7) inserted (with effect in accordance with [Sch. 18 para. 17(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 6(2)(d)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/6/2/d)
[^c22739981]: [S. 369(8)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/8/9) inserted (with effect in accordance with [Sch. 18 para. 17(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 6(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/6/3)
[^c21595181]: Source-1982 Sch.7 2(1)-(3)
[^c22741051]: Words in [s. 370(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/1) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/5/2/a)
[^c22740921]: Words in [s. 370(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/1) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 5(2)(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/5/2/b), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22738311]: Words in [s. 370(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/2) inserted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 9 para. 10(1)(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/9/paragraph/10/1/a)
[^c22740941]: Words in [s. 370(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/2) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 5(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/5/3), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22766391]: Words in [s. 370(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/2/b) substituted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 9 para. 10(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/9/paragraph/10/1/b)
[^c23428491]: Words in [s. 370(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 155](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/155) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22740991]: [S. 370(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/2/c) and preceding word repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 5(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/5/3), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22741001]: [S. 370(3)(4)(6)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/3/4/6/7) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 5(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/5/4), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595261]: Source-1982 Sch.7 3(1)-(3)
[^c22741071]: Words in [s. 370(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/5) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 5(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/5/5)
[^c22738331]: [S. 370(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/6A) inserted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 9 para. 10(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/9/paragraph/10/2)
[^c22739101]: [S. 370(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/6A) repealed (with effect in accordance with s. 42(3)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/2), Note
[^c21595301]: [S. 371](https://www.legislation.gov.uk/ukpga/1988/1/section/371) repealed (27.7.1993 with effect in relation to payments of interest made on or after 16 March 1993 (whenever falling due)) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 57](https://www.legislation.gov.uk/ukpga/1993/34/section/57), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III)
[^c22741091]: [S. 372](https://www.legislation.gov.uk/ukpga/1988/1/section/372) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 6](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/6), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595331]: Source-1982 Sch.7 5(1)-(3); 1985 s.37(2)
[^c22741111]: Words in [s. 373(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/373/1) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/7/2/a), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22741131]: [S. 370(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/3/4) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/7/2/b), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595421]: Source-1982 Sch.7 5(4); 1983 s.17(2); 1985 s.37(3)
[^c22741161]: Words in [s. 373(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/373/5) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 7(2)(c)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/7/2/c), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595431]: Source-1982 Sch.7 6(1), (2)
[^c22741201]: Words in [s. 373(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/373/6) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 7(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/7/3)
[^c22741181]: Words in [s. 373(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/373/7) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 7(2)(d)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/7/2/d), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595441]: Source-1982 Sch.7 7(1)(a)-(c)
[^c22741221]: [S. 374(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/374/1/c) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 8](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/8), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595461]: Source-1982 Sch.7 7(1)(d), (4), (5)
[^c21595471]: Source-1982 Sch.7 7(2)(3)
[^c22741241]: Words in [s. 374(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/374/2) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 8](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/8), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22740041]: Words in [s. 374A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/374A/4) repealed (with effect in accordance with Sch. 18 para. 17(5) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 7](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/7), [Sch. 41 Pt. 5(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/8), Note
[^c21595481]: Source-1982 Sch.7 8
[^c22739311]: [S. 375(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/2/aa) inserted (with application in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/112/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 112(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/2)
[^c22738351]: Words in [s. 375(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/3) substituted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 9 para. 11](https://www.legislation.gov.uk/ukpga/1994/9/schedule/9/paragraph/11)
[^c22739331]: [S. 375(4)(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/4/4A) substituted for s. 375(4) (with application in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 112(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/3)
[^c22740001]: Words in [s. 375(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/4) substituted (with effect in accordance with [Sch. 18 para. 17(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 8](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/8)
[^c21595491]: Source-1982 Sch.7 9(1)
[^c21595501]: Source-1982 Sch.7 10(1), (2)
[^c21595511]: Source-1982 Sch.7 11
[^c22739351]: [S. 375(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/8A) inserted (with application in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 112(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/4)
[^c22741301]: [S. 375(8B)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/8B) inserted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 9(1)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/9/1)
[^c22741321]: [S. 375(9)(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/9/10) repealed (with effect in accordance with Sch. 4 para. 18(1) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 9(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/9/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7), Note 1
[^c22741261]: [S. 375A](https://www.legislation.gov.uk/ukpga/1988/1/section/375A) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 10](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/10), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595831]: Source-1982 Sch.7 13
[^c23427621]: Words in [s. 376(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/2) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 52](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/52) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22741351]: Words in [s. 376(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/3) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 11(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/11/a), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595841]: Source-1982 Sch.7 14(1); 1983 s.17(3)
[^c22741981]: [S. 376(4)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4/d) repealed (26.3.2001) by [The Postal Services Act 2000 (Consequential Modifications No. 1) Order 2001 (S.I. 2001/1149)](https://www.legislation.gov.uk/uksi/2001/1149), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2001/1149/article/1/2), [3(2)](https://www.legislation.gov.uk/uksi/2001/1149/article/3/2), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/1149/schedule/2)
[^c22742071]: [S. 376(4)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4/e) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 23(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/23/2/a)
[^c21595861]: [1985 c. 50](https://www.legislation.gov.uk/ukpga/1985/50).
[^c22742091]: [S. 376(4)(g)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4/g) omitted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 23(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/23/2/b)
[^c21595881]: [1981 c.64](https://www.legislation.gov.uk/ukpga/1981/64).
[^c21595891]: [1968 c. 16](https://www.legislation.gov.uk/ukpga/1968/16).
[^c22740371]: [S. 376(4)(ka)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4/ka) substituted (1.11.1998) by [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [ss. 140(2)](https://www.legislation.gov.uk/ukpga/1998/38/section/140/2), [158(1)](https://www.legislation.gov.uk/ukpga/1998/38/section/158/1), [Sch. 16 para. 55](https://www.legislation.gov.uk/ukpga/1998/38/schedule/16/paragraph/55); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), [art. 5](https://www.legislation.gov.uk/uksi/1998/2244/article/5)
[^c22740411]: [1985 c. 69](https://www.legislation.gov.uk/ukpga/1985/69).
[^c22740391]: [S. 376(4)(n)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4/n) repealed (1.10.1998) by [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [ss. 152](https://www.legislation.gov.uk/ukpga/1998/38/section/152), [158(1)](https://www.legislation.gov.uk/ukpga/1998/38/section/158/1), [Sch. 18 Pt. 4](https://www.legislation.gov.uk/ukpga/1998/38/schedule/18/part/4); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), [art. 4](https://www.legislation.gov.uk/uksi/1998/2244/article/4)
[^c22742111]: [S. 376(4)(p)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4/p) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 23(2)(c)](https://www.legislation.gov.uk/uksi/2001/3629/article/23/2/c)
[^c21595911]: [S. 376(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4A) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 paras. 3(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/3/3), [22](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/22); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c22742131]: [S. 376(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4A) omitted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 23(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/23/3)
[^c22738411]: [S. 376(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/5) repealed (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 142(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/142/1/b), [Sch. 26 Pt. 5(19)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/19)
[^c22741371]: [S. 376(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/6) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 11(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/11/b), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22742151]: [S. 376A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/376A/1A) inserted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 24](https://www.legislation.gov.uk/uksi/2001/3629/article/24)
[^c22741281]: [S. 377](https://www.legislation.gov.uk/ukpga/1988/1/section/377) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 12](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/12), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21596051]: Source-1982 s.29; 1984 s.56(2)
[^c22741391]: [S. 378(1)(2)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/378/1/2/4) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 13(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/13/a), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22741431]: Words in [s. 378(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/378/3) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 13(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/13/b)
[^c22742171]: [S. 379](https://www.legislation.gov.uk/ukpga/1988/1/section/379): definition of "contracts of general insurance" inserted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 25](https://www.legislation.gov.uk/uksi/2001/3629/article/25)
[^c22738471]: [S. 379](https://www.legislation.gov.uk/ukpga/1988/1/section/379): words in definition of "prescribed" repealed (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 26 Pt. 5(19)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/19)
[^c22741461]: [S. 379](https://www.legislation.gov.uk/ukpga/1988/1/section/379): words in definition of "qualifying lender" repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 14(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/14/a), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22766421]: [S. 379](https://www.legislation.gov.uk/ukpga/1988/1/section/379): words in definition of "regulations" repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 14(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/14/b), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22741491]: [S. 379](https://www.legislation.gov.uk/ukpga/1988/1/section/379): definition of "separated" inserted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 14(c)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/14/c)
[^c22739291]: [S. 374A](https://www.legislation.gov.uk/ukpga/1988/1/section/374A) inserted (with application in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 112(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/1)
[^c22739391]: [S. 375A](https://www.legislation.gov.uk/ukpga/1988/1/section/375A) inserted (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/18)
[^c22738431]: [S. 376A](https://www.legislation.gov.uk/ukpga/1988/1/section/376A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 142(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/142/2)
[^c23428671]: [S. 379A](https://www.legislation.gov.uk/ukpga/1988/1/section/379A) sidenote substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by virtue of [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 156(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/156/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23531921]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23531941]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22747921]: [S. 379A](https://www.legislation.gov.uk/ukpga/1988/1/section/379A) cross-heading substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 26](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/26) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23428521]: Words in cross-heading preceding s. 379A substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 156(8)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/156/8) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22747971]: [S. 379B](https://www.legislation.gov.uk/ukpga/1988/1/section/379B) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 27](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/27) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23531951]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23531961]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23531971]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22743591]: [S. 383](https://www.legislation.gov.uk/ukpga/1988/1/section/383) repealed (with effect in accordance with ss. 211(2), 218(1)(b) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 214(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/214/1/b), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 5
[^c23531981]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23531991]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23532001]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23532011]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23532021]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23532031]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23532041]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23532051]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23532061]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22751071]: [S. 384A](https://www.legislation.gov.uk/ukpga/1988/1/section/384A) inserted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 30](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/30) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c23532071]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23532131]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 73](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/73), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22744461]: [S. 379A](https://www.legislation.gov.uk/ukpga/1988/1/section/379A) and preceding cross-heading inserted (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 19(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/19/1)
[^c21597491]: [S. 394](https://www.legislation.gov.uk/ukpga/1988/1/section/394) repealed by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(2)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/2/4/5), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V)
[^c23448621]: [S. 393B](https://www.legislation.gov.uk/ukpga/1988/1/section/393B) inserted (with effect in accordance with [s. 111(3)](https://www.legislation.gov.uk/ukpga/2008/9/section/111/3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2008/9/section/111/1)
[^c21597681]: Source—1973 s.26(2); 1974 s.30(2)
[^c23442991]: Words in [s. 398](https://www.legislation.gov.uk/ukpga/1988/1/section/398) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 75(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/75/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442951]: Words in [s. 398](https://www.legislation.gov.uk/ukpga/1988/1/section/398) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 75(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/75/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23443011]: Words in [s. 398(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/398/a) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 75(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/75/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442971]: Words in [s. 398(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/398/a) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 75(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/75/4/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23443031]: Words in [s. 398(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/398/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 75(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/75/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23443051]: Words in [s. 398](https://www.legislation.gov.uk/ukpga/1988/1/section/398) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 75(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/75/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442201]: [S. 403D](https://www.legislation.gov.uk/ukpga/1988/1/section/403D) title substituted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 3(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/3/4)
[^c22747531]: [Ss. 408](https://www.legislation.gov.uk/ukpga/1988/1/section/408), [409](https://www.legislation.gov.uk/ukpga/1988/1/section/409) repealed (with effect in accordance with Sch. 7 para. 9, Sch. Pt. 2(14) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 6](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/6), [Sch. 8 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/14)
[^c22747551]: [Ss. 408](https://www.legislation.gov.uk/ukpga/1988/1/section/408), [409](https://www.legislation.gov.uk/ukpga/1988/1/section/409) repealed (with effect in accordance with Sch. 7 para. 9, Sch. Pt. 2(14) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 6](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/6), [Sch. 8 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/14)
[^c23550511]: [S. 411A](https://www.legislation.gov.uk/ukpga/1988/1/section/411A) inserted (with effect in accordance with [s. 101(2)](https://www.legislation.gov.uk/ukpga/1990/29/section/101/2) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 101(1)](https://www.legislation.gov.uk/ukpga/1990/29/section/101/1)
[^c22749731]: [S. 411A](https://www.legislation.gov.uk/ukpga/1988/1/section/411A) repealed (with effect in accordance with s. 93(2) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 11 para. 1](https://www.legislation.gov.uk/ukpga/1999/16/schedule/11/paragraph/1), [Sch. 20 Pt. 3(21)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/21), Note
[^c22749211]: [Ss. 403-403ZE](https://www.legislation.gov.uk/ukpga/1988/1/section/403) substituted for s. 403 (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 29](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/29) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22746631]: [Ss. 403A-403C](https://www.legislation.gov.uk/ukpga/1988/1/section/403A) inserted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 2](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/2)
[^c22750091]: [Ss. 403D](https://www.legislation.gov.uk/ukpga/1988/1/section/403D), [403E](https://www.legislation.gov.uk/ukpga/1988/1/section/403E) inserted (with effect in accordance with [Sch. 27 para. 6(1)(2)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1/2/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 4](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/4)
[^c23441711]: [S. 403F](https://www.legislation.gov.uk/ukpga/1988/1/section/403F) inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 4(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/4/1)
[^c23441721]: [S. 403G](https://www.legislation.gov.uk/ukpga/1988/1/section/403G) inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 4(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/4/2)
[^c23550441]: [S. 411ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/411ZA) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 124](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/124) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23553461]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553471]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553481]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553491]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553501]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553511]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553521]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553531]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553541]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c21601071]: [S. 431A](https://www.legislation.gov.uk/ukpga/1988/1/section/431A) inserted (1.1.1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 paras. 2](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/2), [11(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/11/2) (with [Sch. 6 para. 12](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/12))
[^c22857401]: [S. 431AA](https://www.legislation.gov.uk/ukpga/1988/1/section/431AA) repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c23572391]: [S. 431ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/431ZA) inserted (with effect in accordance with [Sch. 17 para. 10(6)(7)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/17/paragraph/10/6/7) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 17 para. 10(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/17/paragraph/10/2)
[^c22769731]: [S. 431AA](https://www.legislation.gov.uk/ukpga/1988/1/section/431AA) inserted (with application in accordance with [s. 143(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/143/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 143(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/143/4)
[^c22771491]: [Ss. 431B-431F](https://www.legislation.gov.uk/ukpga/1988/1/section/431B) and cross-heading inserted (with effect in accordance with Sch. 8 paras. 55, 57 of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 2](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/2)
[^c23595831]: [Ss. 431BA](https://www.legislation.gov.uk/ukpga/1988/1/section/431BA), [431BB](https://www.legislation.gov.uk/ukpga/1988/1/section/431BB) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 8](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/8) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23595851]: [S. 431EA](https://www.legislation.gov.uk/ukpga/1988/1/section/431EA) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 10](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/10) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c22892971]: [Ss. 432A-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/4)
[^c22771701]: [Ss. 432A-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/4)
[^c22771801]: [Ss. 432A-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/4)
[^c23632011]: [S. 432D](https://www.legislation.gov.uk/ukpga/1988/1/section/432D) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 18](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/18), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c22771831]: [Ss. 432A-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/4)
[^c22771871]: [S. 433](https://www.legislation.gov.uk/ukpga/1988/1/section/433) repealed (14.3.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 84(5)](https://www.legislation.gov.uk/ukpga/1989/26/section/84/5), [Sch. 8 para. 2](https://www.legislation.gov.uk/ukpga/1989/26/schedule/8/paragraph/2), [Sch. 17 Pt. IV](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/IV), Note 3 (with s. 84(6))
[^c22771501]: Cross-heading before s. 432 inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 51(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/51/2) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23600591]: [Ss. 431G](https://www.legislation.gov.uk/ukpga/1988/1/section/431G), [431H](https://www.legislation.gov.uk/ukpga/1988/1/section/431H) and preceding cross-heading substituted for s. 432 and preceding cross-heading (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 4](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/4) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23600611]: [Ss. 431G](https://www.legislation.gov.uk/ukpga/1988/1/section/431G), [431H](https://www.legislation.gov.uk/ukpga/1988/1/section/431H) and preceding cross-heading substituted for s. 432 and preceding cross-heading (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 4](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/4) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23600631]: [Ss. 431G](https://www.legislation.gov.uk/ukpga/1988/1/section/431G), [431H](https://www.legislation.gov.uk/ukpga/1988/1/section/431H) and preceding cross-heading substituted for s. 432 and preceding cross-heading (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 4](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/4) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23600551]: [S. 432YA](https://www.legislation.gov.uk/ukpga/1988/1/section/432YA) inserted (8.1.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment No. 2) Order 2006 (S.I. 2006/3387)](https://www.legislation.gov.uk/uksi/2006/3387), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3387/article/1/1), [2](https://www.legislation.gov.uk/uksi/2006/3387/article/2)
[^c22787921]: [S. 432ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/432ZA) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 11(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/11/2) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22801421]: [Ss. 432AA](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA), [432AB](https://www.legislation.gov.uk/ukpga/1988/1/section/432AB) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para 39](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/39) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23600641]: [S. 432CA](https://www.legislation.gov.uk/ukpga/1988/1/section/432CA) inserted (with effect in accordance with [s. 47(2)-(4)](https://www.legislation.gov.uk/ukpga/2010/13/section/47/2) of the amending Act) by [Finance Act 2010 (c. 13)](https://www.legislation.gov.uk/ukpga/2010/13), [s. 47(1)](https://www.legislation.gov.uk/ukpga/2010/13/section/47/1)
[^c23600661]: [S. 432CB](https://www.legislation.gov.uk/ukpga/1988/1/section/432CB) inserted (with effect in accordance with [s. 9(2)](https://www.legislation.gov.uk/ukpga/2010/31/section/9/2) of the amending Act) by [Finance (No. 2) Act 2010 (c. 31)](https://www.legislation.gov.uk/ukpga/2010/31), [s. 9(1)](https://www.legislation.gov.uk/ukpga/2010/31/section/9/1)
[^c22786571]: [S. 432F](https://www.legislation.gov.uk/ukpga/1988/1/section/432F) inserted (with effect in accordance with [Sch. 8 para. 53](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/53) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 17(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/17/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23600531]: [S. 432G](https://www.legislation.gov.uk/ukpga/1988/1/section/432G) inserted (1.1.2005 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) Order 2004 (S.I. 2004/3266)](https://www.legislation.gov.uk/uksi/2004/3266), [art. 4](https://www.legislation.gov.uk/uksi/2004/3266/article/4)
[^c22772131]: [S. 434A](https://www.legislation.gov.uk/ukpga/1988/1/section/434A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 84(4)-(6)](https://www.legislation.gov.uk/ukpga/1989/26/section/84/4), [Sch. 8 para. 4](https://www.legislation.gov.uk/ukpga/1989/26/schedule/8/paragraph/4)
[^c22789741]: [S. 434B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/434B/1) repealed (with effect in accordance with s. 165(4)(5) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 165(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/165/3), [Sch. 41 Pt 5(25)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/25), Note (with Sch. 14 para. 24)
[^c22793981]: [S. 434B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/434B/2) repealed (with effect in accordance with s. 67(7), Sch. 18 Pt. 6(6) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 67(4)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/4), [Sch. 18 Pt. 6(6)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/6)
[^c22801521]: [S. 434C](https://www.legislation.gov.uk/ukpga/1988/1/section/434C) repealed (with effect in accordance with Sch. 3 para. 26(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 26(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/26/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22808571]: [S. 434D](https://www.legislation.gov.uk/ukpga/1988/1/section/434D) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 39](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/39), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22808591]: [S. 434E](https://www.legislation.gov.uk/ukpga/1988/1/section/434E) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 39](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/39), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22772191]: [S. 435](https://www.legislation.gov.uk/ukpga/1988/1/section/435) repealed (with effect in accordance with s. 84(5)(b) of the repealing Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 84(4)](https://www.legislation.gov.uk/ukpga/1989/26/section/84/4), [Sch. 8 para. 5](https://www.legislation.gov.uk/ukpga/1989/26/schedule/8/paragraph/5), [Sch. 17 Pt. IV](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/IV), Note 3 (with s. 84(6))
[^c22787941]: Words in [s. 436](https://www.legislation.gov.uk/ukpga/1988/1/section/436) sidenote substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 51(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/51/5) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23701351]: [S. 436](https://www.legislation.gov.uk/ukpga/1988/1/section/436) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 24](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/24), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c22772551]: [S. 438A](https://www.legislation.gov.uk/ukpga/1988/1/section/438A) inserted (2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/49/1); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c22809031]: [S. 438A](https://www.legislation.gov.uk/ukpga/1988/1/section/438A) repealed (with effect in accordance with s. 87(2)(5) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 87(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/87/1), [Sch. 33 Pt. 2(12)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/12)
[^c23701371]: [S. 438B](https://www.legislation.gov.uk/ukpga/1988/1/section/438B) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 27](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/27), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23701391]: [S. 438C](https://www.legislation.gov.uk/ukpga/1988/1/section/438C) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 28](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/28), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23701411]: [S. 439](https://www.legislation.gov.uk/ukpga/1988/1/section/439) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 29](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/29), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23701471]: [S. 439A](https://www.legislation.gov.uk/ukpga/1988/1/section/439A) repealed (with effect in accordance with s. 39(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 7](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/7), [Sch. 27 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/8), Note (with Sch. 8 Pt. 2)
[^c23701431]: [S. 439B](https://www.legislation.gov.uk/ukpga/1988/1/section/439B) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 30](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/30), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c22772761]: [Ss. 440](https://www.legislation.gov.uk/ukpga/1988/1/section/440), [440A](https://www.legislation.gov.uk/ukpga/1988/1/section/440A) substituted for s. 440 (1.1.1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 paras. 8](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/8), [11(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/11/2) (with [Sch. 6 para. 12](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/12))
[^c23701451]: [S. 441](https://www.legislation.gov.uk/ukpga/1988/1/section/441) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 34](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/34), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c22772951]: [Ss. 441](https://www.legislation.gov.uk/ukpga/1988/1/section/441), [441A](https://www.legislation.gov.uk/ukpga/1988/1/section/441A) substituted for s. 441 by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch.7 paras. 3](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/3), [10](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/10)
[^c22799931]: [S. 441A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/441A/1) repealed (with effect in accordance with Sch. 3 para. 9(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 9(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/9/2), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22800001]: [S. 441A(2)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/441A/2) repealed (with effect in accordance with Sch. 4 para. 28(2), Sch. 8 Pt. 2(10) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 28(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/28/1), [Sch. 8 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/10)
[^c22789011]: [S. 441A(3)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/441A/3) substituted for s. 441A(3)-(6) (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 31](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/31) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23701571]: [S. 441B](https://www.legislation.gov.uk/ukpga/1988/1/section/441B) repealed (13.8.2007 with effect in accordance with reg. 1(2) of the repealing S.I.) by [The Insurance Companies (Overseas Life Assurance Business) (Excluded Business) (Amendment) Regulations 2007 (S.I. 2007/2086)](https://www.legislation.gov.uk/uksi/2007/2086), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2086/regulation/1/1), [6(2)(a)](https://www.legislation.gov.uk/uksi/2007/2086/regulation/6/2/a)
[^c23701511]: [S. 443](https://www.legislation.gov.uk/ukpga/1988/1/section/443) repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 16(3)(d)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/16/3/d), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23701531]: [S. 444](https://www.legislation.gov.uk/ukpga/1988/1/section/444) repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 16(3)(e)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/16/3/e), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c22773211]: [S. 444A](https://www.legislation.gov.uk/ukpga/1988/1/section/444A) inserted (with effect in accordance with [Sch. 9 para. 7](https://www.legislation.gov.uk/ukpga/1990/29/schedule/9/paragraph/7) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 9 para. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/9/paragraph/4)
[^c23701491]: [S. 444ACA](https://www.legislation.gov.uk/ukpga/1988/1/section/444ACA) repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 2(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/2/2), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c22771511]: Cross-heading before s. 434 inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 51(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/51/4) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23635511]: [Ss. 434AZA-434AZC](https://www.legislation.gov.uk/ukpga/1988/1/section/434AZA) inserted (with effect in accordance with [Sch. 23 para. 3(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/23/paragraph/3/2) of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 23 para. 3(1)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/23/paragraph/3/1)
[^c22788051]: [S. 434B](https://www.legislation.gov.uk/ukpga/1988/1/section/434B) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 21(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/21/1) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22788071]: [S. 434C](https://www.legislation.gov.uk/ukpga/1988/1/section/434C) inserted (with effect in accordance with Sch. 8 paras. 54, 57(1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 22](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/22) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22788091]: [Ss. 434D](https://www.legislation.gov.uk/ukpga/1988/1/section/434D), [434E](https://www.legislation.gov.uk/ukpga/1988/1/section/434E) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 23(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/23/1) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23633431]: [Ss. 436A](https://www.legislation.gov.uk/ukpga/1988/1/section/436A), [436B](https://www.legislation.gov.uk/ukpga/1988/1/section/436B) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 25](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/25) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c22794081]: [S. 437A](https://www.legislation.gov.uk/ukpga/1988/1/section/437A) inserted (with effect in accordance with [s. 67(8)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/8) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 67(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/3)
[^c22808951]: [Ss. 438B](https://www.legislation.gov.uk/ukpga/1988/1/section/438B), [438C](https://www.legislation.gov.uk/ukpga/1988/1/section/438C) inserted (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76](https://www.legislation.gov.uk/ukpga/2001/9/section/76), [Sch. 25 para. 5](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/5)
[^c22788421]: [S. 439A](https://www.legislation.gov.uk/ukpga/1988/1/section/439A) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 26](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/26) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22788441]: [S. 439B](https://www.legislation.gov.uk/ukpga/1988/1/section/439B) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 27(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/27/1) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22788951]: [S. 440B](https://www.legislation.gov.uk/ukpga/1988/1/section/440B) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 28(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/28/1) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23633451]: [S. 440C](https://www.legislation.gov.uk/ukpga/1988/1/section/440C) inserted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 9](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/9) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23635311]: [S. 440D](https://www.legislation.gov.uk/ukpga/1988/1/section/440D) inserted (27.12.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Taxation of Reinsurance Business) (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/3430)](https://www.legislation.gov.uk/uksi/2007/3430), [art. 3(2)](https://www.legislation.gov.uk/uksi/2007/3430/article/3/2)
[^c22789031]: [S. 441B](https://www.legislation.gov.uk/ukpga/1988/1/section/441B) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 32](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/32) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22789051]: [S. 442A](https://www.legislation.gov.uk/ukpga/1988/1/section/442A) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 34](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/34) (with [Sch. 8 paras. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2), [57(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/2))
[^c23635331]: [Ss. 444AZA](https://www.legislation.gov.uk/ukpga/1988/1/section/444AZA), [444AZB](https://www.legislation.gov.uk/ukpga/1988/1/section/444AZB) inserted (19.2.2008 with effect in accordance with art. 1(5) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [art. 9](https://www.legislation.gov.uk/uksi/2008/381/article/9)
[^c23633351]: [S. 444AA](https://www.legislation.gov.uk/ukpga/1988/1/section/444AA) inserted (with effect in accordance with [Sch. 33 para. 18(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/18/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 18(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/18/1)
[^c23633371]: [S. 444AB](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB) inserted (with effect in accordance with [Sch. 33 para. 19(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/19/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 19(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/19/1)
[^c23633411]: [S. 444ABA](https://www.legislation.gov.uk/ukpga/1988/1/section/444ABA) inserted (with effect in accordance with [Sch. 7 para. 3(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/3/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 3(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/3/1)
[^c23635531]: [S. 444ABAA](https://www.legislation.gov.uk/ukpga/1988/1/section/444ABAA) inserted (with effect in accordance with [s. 15(11)](https://www.legislation.gov.uk/ukpga/2010/33/section/15/11) of the amending Act) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [s. 15(10)](https://www.legislation.gov.uk/ukpga/2010/33/section/15/10)
[^c23633471]: [Ss. 444AB-444ABC](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB) substituted for ss. 444AB, 444ABA (with effect in accordance with [Sch. 9 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 4(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/4/1); [S.I. 2008/379](https://www.legislation.gov.uk/uksi/2008/379), [art. 2](https://www.legislation.gov.uk/uksi/2008/379/article/2)
[^c23635351]: [S. 444ABBA](https://www.legislation.gov.uk/ukpga/1988/1/section/444ABBA) inserted (19.2.2008 with effect in accordance with art. 1(4) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [art. 14](https://www.legislation.gov.uk/uksi/2008/381/article/14)
[^c23633491]: [Ss. 444AB-444ABC](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB) substituted for ss. 444AB, 444ABA (with effect in accordance with [Sch. 9 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 4(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/4/1); [S.I. 2008/379](https://www.legislation.gov.uk/uksi/2008/379), [art. 2](https://www.legislation.gov.uk/uksi/2008/379/article/2)
[^c23633501]: [S. 444ABD](https://www.legislation.gov.uk/ukpga/1988/1/section/444ABD) inserted (with effect in accordance with [Sch. 9 para. 17(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/4) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 5](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/5)
[^c23633391]: [Ss. 444AC-444AE](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC) inserted (with effect in accordance with [Sch. 33 para. 20(3)(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/20/3/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 20(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/20/1)
[^c23633521]: [Ss. 444AC](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC), [444ACZA](https://www.legislation.gov.uk/ukpga/1988/1/section/444ACZA) substituted for s. 444AC (with effect in accordance with [Sch. 9 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 6(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/6/1); [S.I. 2008/379](https://www.legislation.gov.uk/uksi/2008/379), [art. 2](https://www.legislation.gov.uk/uksi/2008/379/article/2)
[^c23694771]: [S. 444ACA](https://www.legislation.gov.uk/ukpga/1988/1/section/444ACA) inserted (with effect in accordance with [Sch. 9 para. 8(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/8/2) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 8(1)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/8/1)
[^c23635371]: [Ss. 444AECA-444AECC](https://www.legislation.gov.uk/ukpga/1988/1/section/444AECA) inserted (19.2.2008 with effect in accordance with art. 1(4) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [art. 22](https://www.legislation.gov.uk/uksi/2008/381/article/22)
[^c23710481]: [S. 444AK](https://www.legislation.gov.uk/ukpga/1988/1/section/444AK) heading substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by virtue of [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 38(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/38/5) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c21603191]: [S. 444B](https://www.legislation.gov.uk/ukpga/1988/1/section/444B) and cross heading inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/97/1)
[^c23710901]: [S. 444B](https://www.legislation.gov.uk/ukpga/1988/1/section/444B) repealed (31.12.2006 with effect in accordance with reg. 1 of the repealing S.I.) by [The Overseas Life Insurance Companies Regulations 2006 (S.I. 2006/3271)](https://www.legislation.gov.uk/uksi/2006/3271), [reg. 43(1)](https://www.legislation.gov.uk/uksi/2006/3271/regulation/43/1), [Sch. Pt. 1](https://www.legislation.gov.uk/uksi/2006/3271/schedule/part/1)
[^c21603181]: [S. 444B](https://www.legislation.gov.uk/ukpga/1988/1/section/444B) and cross heading inserted (27.7.1993) by [1993 c.34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/97/1)
[^c22798771]: [Ss. 444C-444E](https://www.legislation.gov.uk/ukpga/1988/1/section/444C) repealed (with effect in accordance with Sch. 8 paras. 55, 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Notes 1, 2
[^c22798781]: [Ss. 444C-444E](https://www.legislation.gov.uk/ukpga/1988/1/section/444C) repealed (with effect in accordance with Sch. 8 paras. 55, 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Notes 1, 2
[^c22798791]: [Ss. 444C-444E](https://www.legislation.gov.uk/ukpga/1988/1/section/444C) repealed (with effect in accordance with Sch. 8 paras. 55, 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Notes 1, 2
[^c21603311]: [S. 445](https://www.legislation.gov.uk/ukpga/1988/1/section/445) repealed (27.7.1993 with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103(2)(a)(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2/a/3/4), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(9)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/9), note
[^c21603401]: [S. 446(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/446/1) repealed (27.7.1993 with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103(2)(b)(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2/b/3/4), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(9)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/9), note
[^c21603411]: [S. 446(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/446/2/3) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/7/1/b), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 3
[^c21603431]: [S. 446(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/446/4) repealed by [Finance Act 1990 (c. 29, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 132](https://www.legislation.gov.uk/ukpga/1990/29/section/132), [Sch. 19 Pt. IV](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/IV).
[^c21603521]: [S. 447(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/447/1/2) and (4) repealed (27.7.1993 with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103(2)(c)(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2/c/3/4), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(9)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/9), note
[^c21603541]: [S. 447(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/447/3) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 paras. 7(3)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/7/3), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 3
[^c21603591]: [S. 448](https://www.legislation.gov.uk/ukpga/1988/1/section/448) repealed (27.7.1993 with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2)d), 213, Sch. 23 Pt.III (9), note
[^c21603611]: [S. 449](https://www.legislation.gov.uk/ukpga/1988/1/section/449) repealed (27.7.1993 with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103(2)(e)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2/e),213, Sch. 23 Pt. III (9), note
[^c21603791]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12) notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes 1 and 5
[^c21603971]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the repealing Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes. 1 and 5
[^c21604111]: SS. 450-457 repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes 1 and 5
[^c21604161]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), SCh. 23, Pt.III (12), notes 1 and 5)
[^c21604241]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes 1 and 5
[^c21604271]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes 1 and 5
[^c21604321]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes 1 and 5
[^c21604371]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes 1 and 5
[^c23711261]: [Ss. 458](https://www.legislation.gov.uk/ukpga/1988/1/section/458), [458A](https://www.legislation.gov.uk/ukpga/1988/1/section/458A) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 39](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/39), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23711281]: [Ss. 458](https://www.legislation.gov.uk/ukpga/1988/1/section/458), [458A](https://www.legislation.gov.uk/ukpga/1988/1/section/458A) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 39](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/39), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c22885991]: [S. 458A](https://www.legislation.gov.uk/ukpga/1988/1/section/458A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 168(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/168/3)
[^c23572371]: [Ss. 444AF-444AL](https://www.legislation.gov.uk/ukpga/1988/1/section/444AF) and preceding cross-heading inserted (with effect in accordance with [Sch. 11 para. 5(2)-(14)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/5/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 5(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/5/1)
[^c22798801]: [Ss. 444BA-444BD](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA) and preceding cross-heading inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 166](https://www.legislation.gov.uk/ukpga/1996/8/section/166), [Sch. 32 para. 1](https://www.legislation.gov.uk/ukpga/1996/8/schedule/32/paragraph/1)
[^c21605821]: [Ss. 461A-461C](https://www.legislation.gov.uk/ukpga/1988/1/section/461A) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/7); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21605831]: [Ss. 461A-461C](https://www.legislation.gov.uk/ukpga/1988/1/section/461A) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/7); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21605841]: [Ss. 461A-461C](https://www.legislation.gov.uk/ukpga/1988/1/section/461A) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/7); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21605921]: [S. 462A](https://www.legislation.gov.uk/ukpga/1988/1/section/462A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 2](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/2)
[^c21606481]: [S. 465A](https://www.legislation.gov.uk/ukpga/1988/1/section/465A) inserted (19.12.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.13](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/13), [22](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/22); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c23717841]: [S. 461D](https://www.legislation.gov.uk/ukpga/1988/1/section/461D) inserted (with effect in accordance with [Sch. 18 para. 3(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/18/paragraph/3/2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 18 para. 3(1)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/18/paragraph/3/1)
[^c21607411]: [S. 468AA](https://www.legislation.gov.uk/ukpga/1988/1/section/468AA) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 81(1)(5)](https://www.legislation.gov.uk/ukpga/1990/29/section/81/1/5)
[^c22813161]: [S. 468AA](https://www.legislation.gov.uk/ukpga/1988/1/section/468AA) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 6](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/6), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c21607421]: [Ss. 468A-468C](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 78](https://www.legislation.gov.uk/ukpga/1989/26/section/78)
[^c23718801]: [Ss. 468A-468D](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 52](https://www.legislation.gov.uk/ukpga/1990/29/section/52), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 7
[^c21607461]: [Ss. 468A-468C](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 78](https://www.legislation.gov.uk/ukpga/1989/26/section/78)
[^c23718821]: [Ss. 468A-468D](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 52](https://www.legislation.gov.uk/ukpga/1990/29/section/52), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 7
[^c21607491]: [Ss. 468A-468C](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 78](https://www.legislation.gov.uk/ukpga/1989/26/section/78)
[^c23718841]: [Ss. 468A-468D](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 52](https://www.legislation.gov.uk/ukpga/1990/29/section/52), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 7
[^c21607511]: [S. 468D](https://www.legislation.gov.uk/ukpga/1988/1/section/468D) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 79](https://www.legislation.gov.uk/ukpga/1989/26/section/79)
[^c23718861]: [Ss. 468A-468D](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 52](https://www.legislation.gov.uk/ukpga/1990/29/section/52), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 7
[^c21607561]: [Ss. 468E-468G](https://www.legislation.gov.uk/ukpga/1988/1/section/468E) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 51](https://www.legislation.gov.uk/ukpga/1990/29/section/51)
[^c22790461]: [S. 468E](https://www.legislation.gov.uk/ukpga/1988/1/section/468E) repealed (with effect in accordance with Sch. 6 paras. 10(3), 28 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/1), Note 1
[^c22790541]: [S. 468EE](https://www.legislation.gov.uk/ukpga/1988/1/section/468EE) repealed (with effect in accordance with Sch. 6 paras. 10(3), 28 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/1), Note 1
[^c21607611]: [Ss. 468E-468G](https://www.legislation.gov.uk/ukpga/1988/1/section/468E) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 51](https://www.legislation.gov.uk/ukpga/1990/29/section/51)
[^c22753451]: [S. 468F](https://www.legislation.gov.uk/ukpga/1988/1/section/468F) repealed (with effect in accordance with Sch. 14 para. 7 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 4](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/4), [Sch. 26 Pt. 5(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/13), Note
[^c21607651]: [Ss. 468E-468G](https://www.legislation.gov.uk/ukpga/1988/1/section/468E) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 51](https://www.legislation.gov.uk/ukpga/1990/29/section/51)
[^c22753471]: [S. 468G](https://www.legislation.gov.uk/ukpga/1988/1/section/468G) repealed (with effect in accordance with Sch. 14 para. 7 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 4](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/4), [Sch. 26 Pt. 5(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/13), Note
[^c23719061]: [S. 468A](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) inserted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 16](https://www.legislation.gov.uk/ukpga/2005/22/section/16)
[^c22753401]: [S. 468EE](https://www.legislation.gov.uk/ukpga/1988/1/section/468EE) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 111(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/111/2)
[^c23719691]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719711]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719721]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c22800231]: [S. 468K](https://www.legislation.gov.uk/ukpga/1988/1/section/468K) repealed (with effect in accordance with s. 36, Sch. 6 para. 8(9) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 8(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/8/4), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11)
[^c23719731]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719251]: [S. 468M](https://www.legislation.gov.uk/ukpga/1988/1/section/468M) substituted for ss. 468M, 468N (with effect in accordance with [s. 203(14)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/14) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 203(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/3)
[^c23719741]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719311]: Words in [s. 468O](https://www.legislation.gov.uk/ukpga/1988/1/section/468O) sidenote inserted (with effect in accordance with [s. 203(14)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/14) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 203(7)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/7)
[^c23719751]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719781]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719761]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719771]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719371]: [Ss. 468PA](https://www.legislation.gov.uk/ukpga/1988/1/section/468PA), [468PB](https://www.legislation.gov.uk/ukpga/1988/1/section/468PB) inserted (with effect in accordance with [s. 203(14)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/14) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 203(9)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/9)
[^c23719791]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c22801151]: [S. 468R](https://www.legislation.gov.uk/ukpga/1988/1/section/468R) repealed (with effect in accordance with s. 36, Sch. 6 para. 8(9) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 8(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/8/7), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23721291]: [S. 470(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/470/1/3) repealed (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(23)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/23)
[^c23721281]: [S. 470(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/470/2) ceased to have effect (29.4.1988) by virtue of s. 470(3) below and [S.I. 1988/745](https://www.legislation.gov.uk/uksi/1988/745), [art. 2](https://www.legislation.gov.uk/uksi/1988/745/article/2)
[^c22803971]: [S. 469A](https://www.legislation.gov.uk/ukpga/1988/1/section/469A) inserted (with effect in accordance with [s. 68(3)-(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/68/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 68(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/68/1)
[^c22801561]: [S. 471](https://www.legislation.gov.uk/ukpga/1988/1/section/471) repealed (with effect in accordance with s. 101(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 101(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/101/1), [Sch. 27 Pt. 3(23)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/23), Note 1
[^c22801581]: [S. 472](https://www.legislation.gov.uk/ukpga/1988/1/section/472) repealed (with effect in accordance with s. 101(4) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 101(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/101/2), [Sch. 27 Pt. 3(23)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/23), Note 2
[^c22791901]: [S. 474(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/474/1/3) repealed (with effect in accordance with Sch. 7 para. 32-35, Sch. 41 Pt. 5(2) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8). Sch. 7 para. 18, Sch. 41 Pt. 5(2)
[^c22791931]: [S. 474(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/474/2) repealed (with effect in accordance with s. 154(9) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 28 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/2), [Sch. 41 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/18), Note
[^c22765331]: [S. 474(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/474/3) inserted (with effect in accordance with [Sch. 8 para. 55](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 25(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/25/2)
[^c23721941]: [S. 472A](https://www.legislation.gov.uk/ukpga/1988/1/section/472A) inserted (with effect in accordance with [s. 54(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/54/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 54](https://www.legislation.gov.uk/ukpga/2004/12/section/54) (as amended (retrospectively) by [Finance Act 2005 (c.7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7))
[^c22754241]: [Ss. 468H-468R](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) and cross-headings inserted (with effect in accordance with [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 2](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/2)
[^c23724591]: [S. 476](https://www.legislation.gov.uk/ukpga/1988/1/section/476) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 2](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/2), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 8
[^c23724611]: [S. 477](https://www.legislation.gov.uk/ukpga/1988/1/section/477) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 3](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/3), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 8
[^c23722361]: Words in [s. 477A](https://www.legislation.gov.uk/ukpga/1988/1/section/477A) sidenote substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 88(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/88/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21608281]: [S. 477A](https://www.legislation.gov.uk/ukpga/1988/1/section/477A) inserted (with effect in accordance with [Sch. 5 para. 4(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/4/2) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 4(1)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/4/1)
[^c23724891]: [S. 478](https://www.legislation.gov.uk/ukpga/1988/1/section/478) repealed (with effect in accordance with s. 199(2) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 26 Pt. 5(23)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/23), Note 4; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23724911]: [S. 479](https://www.legislation.gov.uk/ukpga/1988/1/section/479) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 5](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/5), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 8
[^c23724931]: [S. 480](https://www.legislation.gov.uk/ukpga/1988/1/section/480) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 6](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/6), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 8
[^c21608511]: [Ss. 480A-480C](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) inserted (with effect in accordance with [Sch. 5 para. 7(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/7/2) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 7(1)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/7/1)
[^c23724751]: [Ss. 480A-482](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 89](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/89), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21608531]: [Ss. 480A-480C](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) inserted (with effect in accordance with [Sch. 5 para. 7(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/7/2) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 7(1)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/7/1)
[^c23724771]: [Ss. 480A-482](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 89](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/89), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21608541]: [Ss. 480A-480C](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) inserted (with effect in accordance with [Sch. 5 para. 7(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/7/2) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 7(1)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/7/1)
[^c23724731]: [S. 480C](https://www.legislation.gov.uk/ukpga/1988/1/section/480C) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 185](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/185), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724791]: [Ss. 480A-482](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 89](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/89), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23724811]: [Ss. 480A-482](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 89](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/89), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23723831]: [S. 483(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/483/1)(5) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 12](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/12), [Sch. 19 Part IV](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19), Note 8
[^c22792181]: [S. 484](https://www.legislation.gov.uk/ukpga/1988/1/section/484) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para 29](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/29), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c22792201]: [S. 485](https://www.legislation.gov.uk/ukpga/1988/1/section/485) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 29](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/29), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c21608391]: [S. 477B](https://www.legislation.gov.uk/ukpga/1988/1/section/477B) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 51](https://www.legislation.gov.uk/ukpga/1991/31/section/51), [Sch. 10 para. 3(1)(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/10/paragraph/3/1/2)
[^c23723881]: [S. 482A](https://www.legislation.gov.uk/ukpga/1988/1/section/482A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s.75](https://www.legislation.gov.uk/ukpga/1991/31/section/75)
[^c22806081]: [S. 482A](https://www.legislation.gov.uk/ukpga/1988/1/section/482A) repealed (with effect in accordance with s. 145(11), Sch. 40 Pt. 5 Note of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 145(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/145/10), [Sch. 40 Pt. 5](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/5)
[^c23726811]: [S. 494](https://www.legislation.gov.uk/ukpga/1988/1/section/494) sidenote substituted (with effect in accordance with [s. 38(7)-(13)](https://www.legislation.gov.uk/ukpga/2005/22/section/38/7) of the amending Act) by virtue of [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 38(5)](https://www.legislation.gov.uk/ukpga/2005/22/section/38/5)
[^c23728641]: [S. 496](https://www.legislation.gov.uk/ukpga/1988/1/section/496) sidenote substituted (with effect in accordance with [s. 285(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/285/7) of the amending Act) by virtue of [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 37 para. 11(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/37/paragraph/11/5)
[^c22801721]: [S. 497](https://www.legislation.gov.uk/ukpga/1988/1/section/497) repealed (with effect in accordance with Sch. 3 para. 29(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 29(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/29/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22801791]: [S. 498](https://www.legislation.gov.uk/ukpga/1988/1/section/498) repealed (with effect in accordance with Sch. 3 para. 30(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 30(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/30/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note (with Sch. 3 para. 30(3))
[^c22801801]: [S. 499](https://www.legislation.gov.uk/ukpga/1988/1/section/499) repealed (with effect in accordance with Sch. 3 para. 31(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 31(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/31/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22804801]: [S. 494AA](https://www.legislation.gov.uk/ukpga/1988/1/section/494AA) inserted (with application in accordance with [s. 100(2)(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/100/2/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 100(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/100/1)
[^c22801441]: [S. 494A](https://www.legislation.gov.uk/ukpga/1988/1/section/494A) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 30](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/30) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23726021]: [S. 496A](https://www.legislation.gov.uk/ukpga/1988/1/section/496A) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 286(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/286/2)
[^c23726041]: [S. 496B](https://www.legislation.gov.uk/ukpga/1988/1/section/496B) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/2)
[^c22813751]: [S. 501A](https://www.legislation.gov.uk/ukpga/1988/1/section/501A) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [ss. 91](https://www.legislation.gov.uk/ukpga/2002/23/section/91), [93](https://www.legislation.gov.uk/ukpga/2002/23/section/93)
[^c22813901]: [S. 501B](https://www.legislation.gov.uk/ukpga/1988/1/section/501B) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [ss. 92(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/92/1), [93](https://www.legislation.gov.uk/ukpga/2002/23/section/93)
[^c22805801]: [Pt. 12 Ch. 5](https://www.legislation.gov.uk/ukpga/1988/1/part/12/chapter/5) modified (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 98](https://www.legislation.gov.uk/ukpga/1999/16/section/98)
[^c23729321]: [S. 502GB](https://www.legislation.gov.uk/ukpga/1988/1/section/502GB) inserted (with effect in accordance with [Sch. 20 para. 9(6)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/9/6) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 20 para. 9(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/9/3)
[^c23729341]: [S. 502GC](https://www.legislation.gov.uk/ukpga/1988/1/section/502GC) inserted (with effect in accordance with [Sch. 20 para. 9(7)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/9/7) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 20 para. 9(4)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/9/4)
[^c23729361]: [S. 502GD](https://www.legislation.gov.uk/ukpga/1988/1/section/502GD) inserted (with effect in accordance with [Sch. 33 para. 3](https://www.legislation.gov.uk/ukpga/2009/10/schedule/33/paragraph/3) of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 33 para. 1](https://www.legislation.gov.uk/ukpga/2009/10/schedule/33/paragraph/1)
[^c23729301]: [S. 502GA](https://www.legislation.gov.uk/ukpga/1988/1/section/502GA) and preceding cross-heading inserted (with effect in accordance with [Sch. 20 para. 9(5)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/9/5) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 20 para. 9(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/9/2)
[^c23729851]: Words in [s. 503](https://www.legislation.gov.uk/ukpga/1988/1/section/503) sidenote inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22802741]: [S. 503](https://www.legislation.gov.uk/ukpga/1988/1/section/503) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 42](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/42) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23733051]: [S. 504A](https://www.legislation.gov.uk/ukpga/1988/1/section/504A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 93](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/93), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730861]: Words in [s. 505](https://www.legislation.gov.uk/ukpga/1988/1/section/505) sidenote substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(10)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/10) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731411]: [S. 506(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/3) heading substituted (with effect in accordance with [s. 55(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(2)(g)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/2/g)
[^c23732981]: [Ss. 508A](https://www.legislation.gov.uk/ukpga/1988/1/section/508A), [508B](https://www.legislation.gov.uk/ukpga/1988/1/section/508B) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 143(a)](https://www.legislation.gov.uk/ukpga/2006/25/section/143/a), [Sch. 26 Pt. 4](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/4)
[^c23733001]: [Ss. 508A](https://www.legislation.gov.uk/ukpga/1988/1/section/508A), [508B](https://www.legislation.gov.uk/ukpga/1988/1/section/508B) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 143(a)](https://www.legislation.gov.uk/ukpga/2006/25/section/143/a), [Sch. 26 Pt. 4](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/4)
[^c21610541]: [S. 510A](https://www.legislation.gov.uk/ukpga/1988/1/section/510A) inserted (retrospective to 1.7.1989) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 11 paras. 1](https://www.legislation.gov.uk/ukpga/1990/29/schedule/11/paragraph/1), [5](https://www.legislation.gov.uk/ukpga/1990/29/schedule/11/paragraph/5)
[^c22809771]: [S. 511(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/511/1)(6) repealed (9.11.2001) by [Electricity Act 1989 (c. 29)](https://www.legislation.gov.uk/ukpga/1989/29), [s. 113(2)](https://www.legislation.gov.uk/ukpga/1989/29/section/113/2), [Sch. 18](https://www.legislation.gov.uk/ukpga/1989/29/schedule/18); [S.I. 2001/3419](https://www.legislation.gov.uk/uksi/2001/3419), [art. 2](https://www.legislation.gov.uk/uksi/2001/3419/article/2)
[^c21610641]: [S. 511(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/511/4/5) repealed (1.4.1992) by [S.I. 1992/231 (N.I. 1)](https://www.legislation.gov.uk/nisi/1992/231), [art. 95(4)](https://www.legislation.gov.uk/nisi/1992/231/article/95/4), [Sch.14](https://www.legislation.gov.uk/nisi/1992/231/schedule/14); [S.R. 1992/117](https://www.legislation.gov.uk/nisr/1992/117), [art. 3(1)](https://www.legislation.gov.uk/nisr/1992/117/article/3/1)
[^c23732961]: [S. 512](https://www.legislation.gov.uk/ukpga/1988/1/section/512) repealed (with effect in accordance with s. 46(4)(c)-(e) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 46(2)(c)(d)](https://www.legislation.gov.uk/ukpga/2005/22/section/46/2/c/d), [Sch. 11 Pt. 2(12)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/12), Note (with s. 46(7)); and s. 512(2) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23732941]: [S. 514](https://www.legislation.gov.uk/ukpga/1988/1/section/514) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 200](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/200), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733071]: [S. 515](https://www.legislation.gov.uk/ukpga/1988/1/section/515) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 102](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/102), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23733091]: [S. 516](https://www.legislation.gov.uk/ukpga/1988/1/section/516) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 103](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/103), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21611041]: [S. 519A](https://www.legislation.gov.uk/ukpga/1988/1/section/519A) inserted (17.9.1990) by [National Health Service and Community Care Act 1990 (c. 19)](https://www.legislation.gov.uk/ukpga/1990/19), [ss. 61(1)](https://www.legislation.gov.uk/ukpga/1990/19/section/61/1), [67(2)](https://www.legislation.gov.uk/ukpga/1990/19/section/67/2); [S.I. 1990/1329](https://www.legislation.gov.uk/uksi/1990/1329), [art. 2(5)(a)](https://www.legislation.gov.uk/uksi/1990/1329/article/2/5/a), [Sch. 2](https://www.legislation.gov.uk/uksi/1990/1329/schedule/2)
[^c23729671]: [S. 504A](https://www.legislation.gov.uk/ukpga/1988/1/section/504A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 197](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/197) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729691]: [Ss. 506A-506C](https://www.legislation.gov.uk/ukpga/1988/1/section/506A) inserted (with effect in accordance with [s. 54(2)(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/54/2/3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 54(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/54/1)
[^c22793631]: [Ss. 508A](https://www.legislation.gov.uk/ukpga/1988/1/section/508A), [508B](https://www.legislation.gov.uk/ukpga/1988/1/section/508B) inserted (with effect in accordance with [Sch. 30 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/30/paragraph/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 30 para. 1](https://www.legislation.gov.uk/ukpga/1996/8/schedule/30/paragraph/1)
[^c23572351]: [Pt. 12 Ch. 5A](https://www.legislation.gov.uk/ukpga/1988/1/part/12/chapter/5A) (ss. 502A-502L) inserted (with effect in accordance with [Sch. 8 para. 15](https://www.legislation.gov.uk/ukpga/2006/25/schedule/8/paragraph/15) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 8 para. 11](https://www.legislation.gov.uk/ukpga/2006/25/schedule/8/paragraph/11)
[^c22781151]: [Ss. 520-523](https://www.legislation.gov.uk/ukpga/1988/1/section/520) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 44](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/44), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781171]: [Ss. 520-523](https://www.legislation.gov.uk/ukpga/1988/1/section/520) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 44](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/44), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781181]: [Ss. 520-523](https://www.legislation.gov.uk/ukpga/1988/1/section/520) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 44](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/44), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781191]: [Ss. 520-523](https://www.legislation.gov.uk/ukpga/1988/1/section/520) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 44](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/44), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c23734121]: Word in [s. 525](https://www.legislation.gov.uk/ukpga/1988/1/section/525) sidenote omitted (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by virtue of [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21611301]: Source - 1970 s.384
[^c23734261]: [S. 527(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/527/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 108(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/108/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22771341]: [S. 527(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/527/3) repealed (with effect in accordance with Sch. 14 Pt. 8 Note 5 of the repealing Act) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [Sch. 14 Pt. 8](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14/part/8)
[^c23734281]: [S. 527(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/527/4) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 108(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/108/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23734951]: [S. 529](https://www.legislation.gov.uk/ukpga/1988/1/section/529) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 206](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/206), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22781231]: [S. 530](https://www.legislation.gov.uk/ukpga/1988/1/section/530) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 47](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/47), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781731]: [S. 534](https://www.legislation.gov.uk/ukpga/1988/1/section/534) repealed (with effect in accordance with s. 71(3) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/6)
[^c22781751]: [S. 535](https://www.legislation.gov.uk/ukpga/1988/1/section/535) repealed (with effect in accordance with s. 71(3) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/6)
[^c23734971]: [Ss. 536](https://www.legislation.gov.uk/ukpga/1988/1/section/536), [537](https://www.legislation.gov.uk/ukpga/1988/1/section/537), [537B](https://www.legislation.gov.uk/ukpga/1988/1/section/537B) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 110](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/110), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23734991]: [Ss. 536](https://www.legislation.gov.uk/ukpga/1988/1/section/536), [537](https://www.legislation.gov.uk/ukpga/1988/1/section/537), [537B](https://www.legislation.gov.uk/ukpga/1988/1/section/537B) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 110](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/110), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22781771]: [S. 537A](https://www.legislation.gov.uk/ukpga/1988/1/section/537A) repealed (with effect in accordance with s. 71(3) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/6)
[^c23735011]: [Ss. 536](https://www.legislation.gov.uk/ukpga/1988/1/section/536), [537](https://www.legislation.gov.uk/ukpga/1988/1/section/537), [537B](https://www.legislation.gov.uk/ukpga/1988/1/section/537B) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 110](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/110), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21611651]: [Ss. 537A](https://www.legislation.gov.uk/ukpga/1988/1/section/537A), [537B](https://www.legislation.gov.uk/ukpga/1988/1/section/537B) and preceding cross-heading inserted (1.8.1989) by [Intellectual Property Act 1988 (c. 48)](https://www.legislation.gov.uk/ukpga/1988/48), [Sch. 7 para. 36(6)](https://www.legislation.gov.uk/ukpga/1988/48/schedule/7/paragraph/36/6); [S.I. 1989/816](https://www.legislation.gov.uk/uksi/1989/816), [art. 2](https://www.legislation.gov.uk/uksi/1989/816/article/2)
[^c22781791]: [S. 538](https://www.legislation.gov.uk/ukpga/1988/1/section/538) repealed (with effect in accordance with s. 71(3) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/6)
[^c22797451]: [Pt. 13 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/1) modified (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 20](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/20)
[^c23748731]: [S. 549](https://www.legislation.gov.uk/ukpga/1988/1/section/549) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 219](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/219), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748751]: [S. 550](https://www.legislation.gov.uk/ukpga/1988/1/section/550) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 220](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/220), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748771]: [S. 551](https://www.legislation.gov.uk/ukpga/1988/1/section/551) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 221](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/221), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22782501]: [Ss. 552](https://www.legislation.gov.uk/ukpga/1988/1/section/552), [552ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/552ZA) substituted for s. 552 (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 18](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/18)
[^c23747361]: Words in [s. 552(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747041]: Words in [s. 552(5)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/b/ii) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747101]: Words in [s. 552(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/c) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(b)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747121]: Words in [s. 552(5)(c)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/c/i) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(b)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747141]: Words in [s. 552(5)(c)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/c/iii) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(b)(iii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/b/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747161]: Words in [s. 552(5)(c)(v)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/c/v) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(b)(iv)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/b/iv) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747061]: [S. 552(5)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/e) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747081]: [S. 552(5)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/f) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747031]: [S. 552(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/6) modified (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 5](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/5)
[^c23747181]: Words in [s. 552(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/6/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(4)(a)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/4/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747221]: Words in [s. 552(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/6/c) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747321]: [S. 552(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/10): words in definition of "amount" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(7)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747341]: [S. 552(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/10): definition of "chargeable event" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(7)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747401]: [S. 552(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/13) inserted (with effect in accordance with [s. 29(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/29/4) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 29(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/29/2)
[^c23748321]: Words in [s. 552ZA(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/552ZA/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 223](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/223) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22780521]: [S. 522A](https://www.legislation.gov.uk/ukpga/1988/1/section/522A) restricted (6.4.1999) by [The Overseas Insurers (Tax Representatives) Regulations 1999 (S.I. 1999/881)](https://www.legislation.gov.uk/uksi/1999/881), [reg. 11(2)](https://www.legislation.gov.uk/uksi/1999/881/regulation/11/2)
[^c23748121]: Words in [s. 552A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/552A/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 224(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/224/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22797621]: [S. 552A(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/552A/12) power exercised: 6.4.1999 appointed by [S.I. 1999/881](https://www.legislation.gov.uk/uksi/1999/881), [reg. 3](https://www.legislation.gov.uk/uksi/1999/881/regulation/3)
[^c23748061]: [S. 552A(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/552A/12): definition of "capital redemption policy" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 224(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/224/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748081]: [S. 552A(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/552A/12): definition of "contract for a life annuity" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 224(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/224/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748101]: [S. 552A(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/552A/12): definition of "policy of life insurance" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 224(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/224/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22782541]: [S. 552B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/552B/2) substituted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 19](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/19)
[^c23748261]: [S. 552B(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/552B/5A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 225](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/225) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748791]: [S. 554](https://www.legislation.gov.uk/ukpga/1988/1/section/554) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 229](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/229), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22777841]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) restricted (with effect in accordance with s. 105(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 3(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/3/2) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16))
[^c22780461]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) applied (with modifications) (6.4.1999) by [The Individual Savings Account Regulations 1998 (S.I. 1998/1870)](https://www.legislation.gov.uk/uksi/1998/1870), [regs. 35(7)](https://www.legislation.gov.uk/uksi/1998/1870/regulation/35/7), [36(3)-(7)](https://www.legislation.gov.uk/uksi/1998/1870/regulation/36/3) (as amended by [The Individual Savings Account (Amendment) Regulations 1998 (S.I. 1998/3174)](https://www.legislation.gov.uk/uksi/1998/3174), [reg. 12](https://www.legislation.gov.uk/uksi/1998/3174/regulation/12))
[^c22780481]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) applied (with modifications) (6.4.1999 with effect in accordance with reg. 1 of the affecting S.I.) by [The Personal Portfolio Bonds (Tax) Regulations 1999 (S.I. 1999/1029)](https://www.legislation.gov.uk/uksi/1999/1029), [reg. 6(2)-(8)](https://www.legislation.gov.uk/uksi/1999/1029/regulation/6/2) (as amended (6.4.2002) by [The Personal Portfolio Bonds (Tax) (Amendment) Regulations 2002 (S.I. 2002/455)](https://www.legislation.gov.uk/uksi/2002/455), [regs. 1](https://www.legislation.gov.uk/uksi/2002/455/regulation/1), [2](https://www.legislation.gov.uk/uksi/2002/455/regulation/2))
[^c23735051]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) modified (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 3](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/3)
[^c23735061]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) modified (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 15](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/15)
[^c23735091]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) modified (6.4.2005) by [The Child Trust Funds Regulations 2004 (S.I. 2004/1450)](https://www.legislation.gov.uk/uksi/2004/1450), [regs. 1](https://www.legislation.gov.uk/uksi/2004/1450/regulation/1), [2(1)](https://www.legislation.gov.uk/uksi/2004/1450/regulation/2/1), [38(3)-(8)](https://www.legislation.gov.uk/uksi/2004/1450/regulation/38/3); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23735101]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) modified (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 14(5)-(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/14/5)
[^c23735131]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) modified (with effect in accordance with Sch. 13 para. 5 of the modifying Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 13 para. 6](https://www.legislation.gov.uk/ukpga/2008/9/schedule/13/paragraph/6)
[^c23735071]: [S. 539ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/539ZA) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 211](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/211) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23735031]: [S. 539A](https://www.legislation.gov.uk/ukpga/1988/1/section/539A) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 2](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/2)
[^c22782261]: [S. 546A](https://www.legislation.gov.uk/ukpga/1988/1/section/546A) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 9](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/9)
[^c22782281]: [Ss. 546B-546D](https://www.legislation.gov.uk/ukpga/1988/1/section/546B) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 10](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/10)
[^c22779141]: [S. 547A](https://www.legislation.gov.uk/ukpga/1988/1/section/547A) inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 2](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/2)
[^c23735111]: [Ss. 548A](https://www.legislation.gov.uk/ukpga/1988/1/section/548A), [548B](https://www.legislation.gov.uk/ukpga/1988/1/section/548B) inserted (with effect in accordance with [s. 29(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/29/4) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 29(1)](https://www.legislation.gov.uk/ukpga/2007/11/section/29/1)
[^c22779161]: [Ss. 551A](https://www.legislation.gov.uk/ukpga/1988/1/section/551A) inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 3](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/3)
[^c22782521]: [Ss. 552](https://www.legislation.gov.uk/ukpga/1988/1/section/552), [552ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/552ZA) substituted for s. 552 (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 18](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/18)
[^c23748041]: [S. 552ZB](https://www.legislation.gov.uk/ukpga/1988/1/section/552ZB) inserted (17.7.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 9 para. 10](https://www.legislation.gov.uk/ukpga/2013/29/schedule/9/paragraph/10)
[^c22779181]: [Ss. 552A](https://www.legislation.gov.uk/ukpga/1988/1/section/552A), [552B](https://www.legislation.gov.uk/ukpga/1988/1/section/552B) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 87](https://www.legislation.gov.uk/ukpga/1998/36/section/87)
[^c22779201]: [S. 553A](https://www.legislation.gov.uk/ukpga/1988/1/section/553A) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 88(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/88/1)
[^c22779221]: [S. 553B](https://www.legislation.gov.uk/ukpga/1988/1/section/553B) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 88(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/88/2)
[^c22779241]: [S. 553C](https://www.legislation.gov.uk/ukpga/1988/1/section/553C) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 89](https://www.legislation.gov.uk/ukpga/1998/36/section/89)
[^c23749241]: [S. 555](https://www.legislation.gov.uk/ukpga/1988/1/section/555) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 113](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/113), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22779781]: Word in [s. 557](https://www.legislation.gov.uk/ukpga/1988/1/section/557) sidenote substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23749261]: [S. 557](https://www.legislation.gov.uk/ukpga/1988/1/section/557) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 231](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/231), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23749191]: [S. 558(1)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/558/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 115](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/115), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23749451]: [Pt. 13 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/4) (ss. 559-567) repealed (with effect in accordance with s. 77 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 12 para. 9(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/12/paragraph/9/2), [Sch. 42 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/7), Note; [S.I. 2006/3240](https://www.legislation.gov.uk/uksi/2006/3240), [art. 2](https://www.legislation.gov.uk/uksi/2006/3240/article/2)
[^c23749471]: [Pt. 13 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/4) (ss. 559-567) repealed (with effect in accordance with s. 77 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 12 para. 9(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/12/paragraph/9/2), [Sch. 42 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/7), Note; [S.I. 2006/3240](https://www.legislation.gov.uk/uksi/2006/3240), [art. 2](https://www.legislation.gov.uk/uksi/2006/3240/article/2)
[^c23749481]: [Pt. 13 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/4) (ss. 559-567) repealed (with effect in accordance with s. 77 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 12 para. 9(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/12/paragraph/9/2), [Sch. 42 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/7), Note; [S.I. 2006/3240](https://www.legislation.gov.uk/uksi/2006/3240), [art. 2](https://www.legislation.gov.uk/uksi/2006/3240/article/2)
[^c23749491]: [Pt. 13 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/4) (ss. 559-567) repealed (with effect in accordance with s. 77 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 12 para. 9(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/12/paragraph/9/2), [Sch. 42 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/7), Note; [S.I. 2006/3240](https://www.legislation.gov.uk/uksi/2006/3240), [art. 2](https://www.legislation.gov.uk/uksi/2006/3240/article/2)
[^c23749501]: [Pt. 13 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/4) (ss. 559-567) repealed (with effect in accordance with s. 77 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 12 para. 9(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/12/paragraph/9/2), [Sch. 42 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/7), Note; [S.I. 2006/3240](https://www.legislation.gov.uk/uksi/2006/3240), [art. 2](https://www.legislation.gov.uk/uksi/2006/3240/article/2)
[^c22775021]: [S. 563](https://www.legislation.gov.uk/ukpga/1988/1/section/563) repealed (with effect in accordance with Sch. 27 para. 8(1), Sch. 29 Pt. 8(21) Note 3 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/5), [Sch. 29 Pt. 8(21)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/21); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c23749521]: [Pt. 13 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/4) (ss. 559-567) repealed (with effect in accordance with s. 77 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 12 para. 9(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/12/paragraph/9/2), [Sch. 42 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/7), Note; [S.I. 2006/3240](https://www.legislation.gov.uk/uksi/2006/3240), [art. 2](https://www.legislation.gov.uk/uksi/2006/3240/article/2)
[^c23749531]: [Pt. 13 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/4) (ss. 559-567) repealed (with effect in accordance with s. 77 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 12 para. 9(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/12/paragraph/9/2), [Sch. 42 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/7), Note; [S.I. 2006/3240](https://www.legislation.gov.uk/uksi/2006/3240), [art. 2](https://www.legislation.gov.uk/uksi/2006/3240/article/2)
[^c23749541]: [Pt. 13 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/4) (ss. 559-567) repealed (with effect in accordance with s. 77 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 12 para. 9(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/12/paragraph/9/2), [Sch. 42 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/7), Note; [S.I. 2006/3240](https://www.legislation.gov.uk/uksi/2006/3240), [art. 2](https://www.legislation.gov.uk/uksi/2006/3240/article/2)
[^c23749551]: [Pt. 13 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/4) (ss. 559-567) repealed (with effect in accordance with s. 77 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 12 para. 9(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/12/paragraph/9/2), [Sch. 42 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/7), Note; [S.I. 2006/3240](https://www.legislation.gov.uk/uksi/2006/3240), [art. 2](https://www.legislation.gov.uk/uksi/2006/3240/article/2)
[^c22783081]: [S. 559A](https://www.legislation.gov.uk/ukpga/1988/1/section/559A) inserted (with effect in accordance with [s. 40(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/40/4) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 40(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/40/1)
[^c21614031]: Source-1970 s.406
[^c23749561]: Words in [s. 568(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/568/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 232(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/232/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22779901]: Words in [s. 568(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/568/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21614041]: Source-1970 s.407; 1971 Sch.6 45
[^c21614051]: Source-1970 s.408
[^c22779911]: Words in [s. 570(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/570/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22776131]: Words in [s. 570(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/570/2) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 31(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/31/a), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c22776471]: Words in [s. 570(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/570/2) inserted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 31(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/31/b)
[^c22776501]: Words in [s. 570(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/570/2) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 31(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/31/c)
[^c22776521]: Words in [s. 570(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/570/2) added (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 31(d)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/31/d)
[^c21614061]: Source-1970 s.409
[^c23749721]: [S. 571(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/571/1A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 116](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/116) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21614071]: Source-1970 s.410
[^c23753491]: [S. 573](https://www.legislation.gov.uk/ukpga/1988/1/section/573) transposed from Pt. 13 Ch. 6 to Pt. 13 Ch. 5A (6.4.2007 with effect in accordance with s. 1034(1) of the affecting Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 117(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/117/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23753871]: Words in [s. 575](https://www.legislation.gov.uk/ukpga/1988/1/section/575) sidenote repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 119(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/119/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23753961]: [S. 575](https://www.legislation.gov.uk/ukpga/1988/1/section/575) transposed from Pt. 13 Ch. 6 to Pt. 13 Ch. 5A (6.4.2007 with effect in accordance with s. 1034(1) of the affecting Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 119(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/119/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754011]: Words in [s. 576](https://www.legislation.gov.uk/ukpga/1988/1/section/576) sidenote substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 120(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/120/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754301]: [S. 576](https://www.legislation.gov.uk/ukpga/1988/1/section/576) transposed from Pt. 13 Ch. 6 to Pt. 13 Ch. 5A (6.4.2007 with effect in accordance with s. 1034(1) of the affecting Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 120(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/120/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754361]: [S. 576A](https://www.legislation.gov.uk/ukpga/1988/1/section/576A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 121](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/121) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754401]: [S. 576C](https://www.legislation.gov.uk/ukpga/1988/1/section/576C) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 123](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/123) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754421]: [S. 576D](https://www.legislation.gov.uk/ukpga/1988/1/section/576D) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 124](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/124) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754441]: [S. 576E](https://www.legislation.gov.uk/ukpga/1988/1/section/576E) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 125](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/125) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754461]: [S. 576F](https://www.legislation.gov.uk/ukpga/1988/1/section/576F) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 126](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/126) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754481]: [S. 576G](https://www.legislation.gov.uk/ukpga/1988/1/section/576G) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 127](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/127) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754501]: [S. 576H](https://www.legislation.gov.uk/ukpga/1988/1/section/576H) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 128](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/128) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754521]: [S. 576I](https://www.legislation.gov.uk/ukpga/1988/1/section/576I) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 129](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/129) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754581]: [S. 576K](https://www.legislation.gov.uk/ukpga/1988/1/section/576K) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 131](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/131) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754381]: [S. 576B](https://www.legislation.gov.uk/ukpga/1988/1/section/576B) and preceding cross-heading inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 122](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/122) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754541]: [S. 576J](https://www.legislation.gov.uk/ukpga/1988/1/section/576J) and preceding cross-heading inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 130](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/130) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754561]: [S. 576L](https://www.legislation.gov.uk/ukpga/1988/1/section/576L) and preceding cross-heading inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 132](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/132) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754331]: [S. 574](https://www.legislation.gov.uk/ukpga/1988/1/section/574) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 118](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/118), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21614481]: [S. 577A](https://www.legislation.gov.uk/ukpga/1988/1/section/577A) inserted (with application in accordance with [s. 123(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/123/2) of the amending Act) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 123(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/123/1/2)
[^c23762911]: [Ss. 580A-580C](https://www.legislation.gov.uk/ukpga/1988/1/section/580A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 240](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/240), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762931]: [Ss. 580A-580C](https://www.legislation.gov.uk/ukpga/1988/1/section/580A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 240](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/240), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762951]: [Ss. 580A-580C](https://www.legislation.gov.uk/ukpga/1988/1/section/580A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 240](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/240), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762971]: [S. 581](https://www.legislation.gov.uk/ukpga/1988/1/section/581) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 241](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/241), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763031]: [S. 581A](https://www.legislation.gov.uk/ukpga/1988/1/section/581A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 133](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/133), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21614611]: [S. 582A](https://www.legislation.gov.uk/ukpga/1988/1/section/582A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 118(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/118/1)
[^c23763051]: [S. 582A](https://www.legislation.gov.uk/ukpga/1988/1/section/582A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 135](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/135), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23762991]: [S. 583](https://www.legislation.gov.uk/ukpga/1988/1/section/583) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 244](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/244), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763011]: [S. 585](https://www.legislation.gov.uk/ukpga/1988/1/section/585) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 246](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/246), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614811]: [S. 587A](https://www.legislation.gov.uk/ukpga/1988/1/section/587A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 54](https://www.legislation.gov.uk/ukpga/1991/31/section/54), [Sch. 12 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/12/paragraph/1) (with application as referred to in Sch. 12 para. 5 of that Act)
[^c23763071]: [S. 587A](https://www.legislation.gov.uk/ukpga/1988/1/section/587A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 136](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/136), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22783241]: [S. 587B](https://www.legislation.gov.uk/ukpga/1988/1/section/587B) sidenote substituted (with effect in accordance with [s. 97(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/4)
[^c23762891]: [S. 589](https://www.legislation.gov.uk/ukpga/1988/1/section/589) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 68](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/68), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21614841]: [Ss. 589A](https://www.legislation.gov.uk/ukpga/1988/1/section/589A), [589B](https://www.legislation.gov.uk/ukpga/1988/1/section/589B) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 108](https://www.legislation.gov.uk/ukpga/1993/34/section/108)
[^c21614851]: [Ss. 589A](https://www.legislation.gov.uk/ukpga/1988/1/section/589A), [589B](https://www.legislation.gov.uk/ukpga/1988/1/section/589B) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 108](https://www.legislation.gov.uk/ukpga/1993/34/section/108)
[^c23762491]: [S. 589B(1)-(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/589B/1) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 70(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/70/2), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22782811]: [S. 589B(4)(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/589B/4/4A) substituted for s. 589B(4) (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 12 Pt. 2 para. 13](https://www.legislation.gov.uk/ukpga/2001/9/schedule/12/part/2/paragraph/13)
[^c22781691]: [Ss. 578A](https://www.legislation.gov.uk/ukpga/1988/1/section/578A), [578B](https://www.legislation.gov.uk/ukpga/1988/1/section/578B) inserted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 52](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/52) (with [Sch. 3 para. 113](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/113))
[^c22776541]: [Ss. 580A](https://www.legislation.gov.uk/ukpga/1988/1/section/580A), [580B](https://www.legislation.gov.uk/ukpga/1988/1/section/580B) inserted (with effect in accordance with [s. 143(2)-(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/143/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 143(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/143/1)
[^c23754861]: [S. 580C](https://www.legislation.gov.uk/ukpga/1988/1/section/580C) inserted (with effect in accordance with [s. 147(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/147/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 147(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/147/3)
[^c23754881]: [S. 581A](https://www.legislation.gov.uk/ukpga/1988/1/section/581A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 242](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/242) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22781081]: [S. 587B](https://www.legislation.gov.uk/ukpga/1988/1/section/587B) inserted (with effect in accordance with [s. 43(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/43/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 43(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/43/1)
[^c23754901]: [S. 587BA](https://www.legislation.gov.uk/ukpga/1988/1/section/587BA) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 138](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/138) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22783361]: [S. 587C](https://www.legislation.gov.uk/ukpga/1988/1/section/587C) inserted (with effect in accordance with [s. 97(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/5)
[^c23754351]: [Pt 13 Ch. 6](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/6): ss. 573, 575 and 576 transposed to Pt. 13 Ch. 5A (6.4.2007 with effect in accordance with s. 1034(1) of the affecting Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 paras. 117(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/117/3), [119(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/119/7), [120(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/120/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23733521]: [Pt. 13 Ch. 5A](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/5A) created (6.4.2007 with effect in accordance with s. 1034(1) of the affecting Act) by virtue of [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 117(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/117/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23485291]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23561951]: [Ss. 590A-590C](https://www.legislation.gov.uk/ukpga/1988/1/section/590A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 75](https://www.legislation.gov.uk/ukpga/1989/26/section/75), [Sch. 6 paras. 4](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/4), [18(4)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/4)
[^c23485311]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23561971]: [Ss. 590A-590C](https://www.legislation.gov.uk/ukpga/1988/1/section/590A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 75](https://www.legislation.gov.uk/ukpga/1989/26/section/75), [Sch. 6 paras. 4](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/4), [18(4)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/4)
[^c23485321]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23561981]: [Ss. 590A-590C](https://www.legislation.gov.uk/ukpga/1988/1/section/590A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 75](https://www.legislation.gov.uk/ukpga/1989/26/section/75), [Sch. 6 paras. 4](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/4), [18(4)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/4)
[^c23485331]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485341]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23561961]: [S. 591A](https://www.legislation.gov.uk/ukpga/1988/1/section/591A) inserted by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s.35](https://www.legislation.gov.uk/ukpga/1991/31/section/35)
[^c23485351]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c21615481]: [S. 591B](https://www.legislation.gov.uk/ukpga/1988/1/section/591B) inserted (retrospectively) by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 36(1)(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/36/1/3)
[^c23485361]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485371]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485381]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22888681]: [Ss. 591C](https://www.legislation.gov.uk/ukpga/1988/1/section/591C), [591D](https://www.legislation.gov.uk/ukpga/1988/1/section/591D) inserted (with effect in accordance with [s. 61(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/61/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 61(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/61/1)
[^c23485391]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485401]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485411]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23481531]: [Ss. 595](https://www.legislation.gov.uk/ukpga/1988/1/section/595), [596](https://www.legislation.gov.uk/ukpga/1988/1/section/596) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 74](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/74), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481551]: [Ss. 595](https://www.legislation.gov.uk/ukpga/1988/1/section/595), [596](https://www.legislation.gov.uk/ukpga/1988/1/section/596) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 74](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/74), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23561991]: [Ss. 596A](https://www.legislation.gov.uk/ukpga/1988/1/section/596A), [596B](https://www.legislation.gov.uk/ukpga/1988/1/section/596B) inserted (with effect in accordance with [Sch. 6 para. 18(7)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/7) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 6 para. 9](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/9)
[^c23481561]: [Ss. 596A-596C](https://www.legislation.gov.uk/ukpga/1988/1/section/596A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 75](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/75), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23562001]: [Ss. 596A](https://www.legislation.gov.uk/ukpga/1988/1/section/596A), [596B](https://www.legislation.gov.uk/ukpga/1988/1/section/596B) inserted (with effect in accordance with [Sch. 6 para. 18(7)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/7) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 6 para. 9](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/9)
[^c23481571]: [Ss. 596A-596C](https://www.legislation.gov.uk/ukpga/1988/1/section/596A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 75](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/75), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481581]: [Ss. 596A-596C](https://www.legislation.gov.uk/ukpga/1988/1/section/596A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 75](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/75), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481591]: [S. 597](https://www.legislation.gov.uk/ukpga/1988/1/section/597) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 76](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/76), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23485421]: [Ss. 598-599A](https://www.legislation.gov.uk/ukpga/1988/1/section/598) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36) (with savings in [S.I. 2006/5072](https://www.legislation.gov.uk/uksi/2006/5072), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/5072/article/1/1), [38](https://www.legislation.gov.uk/uksi/2006/5072/article/38))
[^c23485431]: [Ss. 598-599A](https://www.legislation.gov.uk/ukpga/1988/1/section/598) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36) (with savings in [S.I. 2006/5072](https://www.legislation.gov.uk/uksi/2006/5072), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/5072/article/1/1), [38](https://www.legislation.gov.uk/uksi/2006/5072/article/38))
[^c23562471]: [S. 599A](https://www.legislation.gov.uk/ukpga/1988/1/section/599A) inserted (with effect in accordance with [Sch. 6 para. 18(9)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/9) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 6 para. 12](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/12)
[^c23485441]: [Ss. 598-599A](https://www.legislation.gov.uk/ukpga/1988/1/section/598) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36) (with savings in [S.I. 2006/5072](https://www.legislation.gov.uk/uksi/2006/5072), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/5072/article/1/1), [38](https://www.legislation.gov.uk/uksi/2006/5072/article/38))
[^c23481601]: [S. 600](https://www.legislation.gov.uk/ukpga/1988/1/section/600) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 78](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/78), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23485451]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485461]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485471]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22891971]: [S. 596C](https://www.legislation.gov.uk/ukpga/1988/1/section/596C) inserted (with effect in accordance with [s. 93(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/93/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 93(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/93/3)
[^c23485481]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485491]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485501]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485511]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485521]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485531]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485541]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485551]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485561]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485571]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485591]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c21616331]: [S. 611A](https://www.legislation.gov.uk/ukpga/1988/1/section/611A) inserted (14.3.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 6 paras. 15](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/15), [18(1)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/1)
[^c23485581]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485601]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22887611]: [S. 605A](https://www.legislation.gov.uk/ukpga/1988/1/section/605A) inserted (with application in accordance with [s. 106(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/106/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 106(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/106/1)
[^c22892311]: [S. 606A](https://www.legislation.gov.uk/ukpga/1988/1/section/606A) inserted (with effect in accordance with [Sch. 15 para. 6(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/6/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 15 para. 6(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/6/1)
[^c22887691]: [S. 611AA](https://www.legislation.gov.uk/ukpga/1988/1/section/611AA) inserted (with application in accordance with [s. 103(3)](https://www.legislation.gov.uk/ukpga/1994/4/section/103/3) of the amending Act) by [Finance Act 1994 (c. 4)](https://www.legislation.gov.uk/ukpga/1994/4), [s. 103(1)](https://www.legislation.gov.uk/ukpga/1994/4/section/103/1)
[^c21614871]: [Pt. 14 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/14/chapter/1) (ss. 590-612) modified (31.3.1995) by [Judicial Pensions and Retirement Act 1993 (c. 8)](https://www.legislation.gov.uk/ukpga/1993/8), [ss. 18](https://www.legislation.gov.uk/ukpga/1993/8/section/18), [19(4)](https://www.legislation.gov.uk/ukpga/1993/8/section/19/4), [31(2)](https://www.legislation.gov.uk/ukpga/1993/8/section/31/2); [S.I. 1995/631](https://www.legislation.gov.uk/uksi/1995/631), [art. 2](https://www.legislation.gov.uk/uksi/1995/631/article/2)
[^c21616421]: Source-1970 s.211(1), (4)
[^c23481791]: [S. 613(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/613/3) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 83](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/83), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21616441]: Source-1970 s.211(2) 1981 s.50(1); PPA 1987 Sch.3 2(1)
[^c23486211]: Word in [s. 613(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/613/4) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 26(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/26/a), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486231]: [S. 613(4)(b)-(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/613/4/b) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 26(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/26/a), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22893861]: [S. 613(4)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/613/4/bb) inserted (with effect in accordance with [s. 52(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/52/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 5 para. 4](https://www.legislation.gov.uk/ukpga/1999/16/schedule/5/paragraph/4)
[^c23486181]: Words in [s. 613(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/613/4) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 26(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/26/b) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c22887731]: [S. 614(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/614/1) repealed (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 26 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/22)
[^c21616501]: Source-1970 s.213(1)
[^c21616511]: [1935 c. 2](https://www.legislation.gov.uk/ukpga/1935/2).
[^c21616521]: [1973 c. 21](https://www.legislation.gov.uk/ukpga/1973/21).
[^c22889521]: [S. 614(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/614/2A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 34](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/34) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23483781]: Words in [s. 614(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/614/2A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 261](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/261) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21616531]: Source-1970 s.214(2), 216(2); 1973 s.53(1)
[^c23482251]: Words in [s. 614(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/614/3) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 84](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/84) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21616541]: Source-1970 s.217(2), (4)
[^c21616551]: [1966 c. 21](https://www.legislation.gov.uk/ukpga/1966/21).
[^c21616561]: Source-1970 s.218(1)
[^c21616571]: Source-1970 s.212(3), 213(1), 214(3), 216(2), 217(2), 218(1); 1987 Sch.15 2(13)
[^c23481801]: [S. 615(1)(2)(4)(5)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/615/1/2/4/5/8) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 85](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/85), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21616951]: Source-1970 s.218(3)
[^c23486431]: Words in [s. 615(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/615/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 140](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/140) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21616991]: Source-1970 s.218(4)
[^c22893881]: Words in [s. 615(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/615/6/b) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 11](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/11)
[^c21617001]: Source-1970 s.214(5), 215(3), 216(4), 217(4)
[^c21617011]: [1971 c. 56](https://www.legislation.gov.uk/ukpga/1971/56).
[^c22900881]: [S. 615(9)(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/615/9/10) inserted (17.6.2002) by [International Development Act 2002 (c. 1)](https://www.legislation.gov.uk/ukpga/2002/1), [s. 20(2)](https://www.legislation.gov.uk/ukpga/2002/1/section/20/2), [Sch. 3 para. 9(3)](https://www.legislation.gov.uk/ukpga/2002/1/schedule/3/paragraph/9/3) (with [Sch. 5](https://www.legislation.gov.uk/ukpga/2002/1/schedule/5)); [S.I. 2002/1408](https://www.legislation.gov.uk/uksi/2002/1408), [art. 2](https://www.legislation.gov.uk/uksi/2002/1408/article/2)
[^c23481611]: [S. 616](https://www.legislation.gov.uk/ukpga/1988/1/section/616) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 86](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/86), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481971]: [S. 617A](https://www.legislation.gov.uk/ukpga/1988/1/section/617A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 88](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/88), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481951]: [S. 617A](https://www.legislation.gov.uk/ukpga/1988/1/section/617A) inserted (prosp.) by [Tax Credits Act 2002 (c. 21)](https://www.legislation.gov.uk/ukpga/2002/21), [s. 61](https://www.legislation.gov.uk/ukpga/2002/21/section/61), [Sch. 3 para. 14](https://www.legislation.gov.uk/ukpga/2002/21/schedule/3/paragraph/14) (the insertion being brought into force at 6.4.2003 by [S.I. 2003/962](https://www.legislation.gov.uk/uksi/2003/962), [art. 2(3)(d)(iii)](https://www.legislation.gov.uk/uksi/2003/962/article/2/3/d/iii))
[^c23485611]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485621]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485631]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485641]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485651]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485661]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485671]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485681]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485691]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22901101]: [S. 627](https://www.legislation.gov.uk/ukpga/1988/1/section/627) repealed (with effect as mentioned in s. 228(4) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 228(2)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/228/2/a), [Sch. 26 Pt. 5(25)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/25), Note 1
[^c23485701]: [S. 628](https://www.legislation.gov.uk/ukpga/1988/1/section/628) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22893921]: [S. 629](https://www.legislation.gov.uk/ukpga/1988/1/section/629) applied (with modifications) (with effect in accordance with s. 52(2) of the affecting Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 5 para. 6](https://www.legislation.gov.uk/ukpga/1999/16/schedule/5/paragraph/6)
[^c21618141]: Source-1970 s.229
[^c21618151]: [1987 c. 45](https://www.legislation.gov.uk/ukpga/1987/45).
[^c23485711]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485721]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485731]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22897701]: [S. 631A](https://www.legislation.gov.uk/ukpga/1988/1/section/631A) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 7](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/7) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c23485741]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485751]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485761]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485771]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485781]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485791]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485801]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485811]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485821]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485831]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485841]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485851]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485861]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485871]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22897721]: [Ss. 632A](https://www.legislation.gov.uk/ukpga/1988/1/section/632A), [632B](https://www.legislation.gov.uk/ukpga/1988/1/section/632B) inserted (6.4.2001) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 8](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/8) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22888971]: [S. 634A](https://www.legislation.gov.uk/ukpga/1988/1/section/634A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 4](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/4)
[^c22889111]: [S. 636A](https://www.legislation.gov.uk/ukpga/1988/1/section/636A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 7](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/7)
[^c22889151]: [Ss. 637](https://www.legislation.gov.uk/ukpga/1988/1/section/637), [637A](https://www.legislation.gov.uk/ukpga/1988/1/section/637A) substituted for s. 637 (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 8](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/8)
[^c22898641]: [S. 638ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/638ZA) inserted (6.4.2001) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 14](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/14) (with [Sch 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22892371]: [S. 638A](https://www.legislation.gov.uk/ukpga/1988/1/section/638A) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 94(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/94/1)
[^c23485881]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485891]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c21618751]: [S. 640A](https://www.legislation.gov.uk/ukpga/1988/1/section/640A) inserted (with effect in accordance with [Sch. 7 para. 4(2)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/7/paragraph/4/2) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 7 para. 4(1)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/7/paragraph/4/1)
[^c23485901]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22898961]: [S. 641](https://www.legislation.gov.uk/ukpga/1988/1/section/641) repealed (with effect in accordance with Sch. 13 para. 17 of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40) Pt, 2(4), Note 3 (with Sch. 13 Pt. 2)
[^c23485911]: [S. 641A](https://www.legislation.gov.uk/ukpga/1988/1/section/641A) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22899051]: [S. 642](https://www.legislation.gov.uk/ukpga/1988/1/section/642) repealed (with effect in accordance with Sch. 13 para. 19 of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40) Pt, 2(4), Note 4 (with Sch. 13 Pt. 2)
[^c23485921]: [Ss. 643-646D](https://www.legislation.gov.uk/ukpga/1988/1/section/643) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485931]: [Ss. 643-646D](https://www.legislation.gov.uk/ukpga/1988/1/section/643) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485941]: [Ss. 643-646D](https://www.legislation.gov.uk/ukpga/1988/1/section/643) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485951]: [Ss. 643-646D](https://www.legislation.gov.uk/ukpga/1988/1/section/643) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c21618991]: [S. 646A](https://www.legislation.gov.uk/ukpga/1988/1/section/646A) inserted (with effect in accordance with [Sch. 7 para. 8(2)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/7/paragraph/8/2) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 7 para. 8(1)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/7/paragraph/8/1)
[^c23485961]: [Ss. 643-646D](https://www.legislation.gov.uk/ukpga/1988/1/section/643) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485971]: [Ss. 643-646D](https://www.legislation.gov.uk/ukpga/1988/1/section/643) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485981]: [Ss. 643-646D](https://www.legislation.gov.uk/ukpga/1988/1/section/643) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485991]: [Ss. 643-646D](https://www.legislation.gov.uk/ukpga/1988/1/section/643) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22899001]: [S. 641A](https://www.legislation.gov.uk/ukpga/1988/1/section/641A) inserted (with effect in accordance with [Sch. 13 para. 18(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/18/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 18(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/18/1) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22899321]: [Ss. 646B](https://www.legislation.gov.uk/ukpga/1988/1/section/646B), [646C](https://www.legislation.gov.uk/ukpga/1988/1/section/646C) inserted (with effect in accordance with [Sch. 13 para. 22(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/22/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 22(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/22/1) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22899381]: [S. 646D](https://www.legislation.gov.uk/ukpga/1988/1/section/646D) inserted (with effect in accordance with [Sch. 13 para. 23(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/23/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 23(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/23/1) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c23481621]: [Ss. 647-648A](https://www.legislation.gov.uk/ukpga/1988/1/section/647) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 96](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/96), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481631]: [Ss. 647-648A](https://www.legislation.gov.uk/ukpga/1988/1/section/647) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 96](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/96), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481641]: [Ss. 647-648A](https://www.legislation.gov.uk/ukpga/1988/1/section/647) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 96](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/96), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23486001]: [Ss. 648B-651A](https://www.legislation.gov.uk/ukpga/1988/1/section/648B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22889261]: Cross-heading preceding s. 648A omitted (1.5.1995) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 12](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/12)
[^c22889231]: [S. 648B](https://www.legislation.gov.uk/ukpga/1988/1/section/648B) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 12](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/12)
[^c23486011]: [Ss. 648B-651A](https://www.legislation.gov.uk/ukpga/1988/1/section/648B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486021]: [Ss. 648B-651A](https://www.legislation.gov.uk/ukpga/1988/1/section/648B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486031]: [Ss. 648B-651A](https://www.legislation.gov.uk/ukpga/1988/1/section/648B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486041]: [Ss. 648B-651A](https://www.legislation.gov.uk/ukpga/1988/1/section/648B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486051]: [Ss. 648B-651A](https://www.legislation.gov.uk/ukpga/1988/1/section/648B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22900041]: [S. 652](https://www.legislation.gov.uk/ukpga/1988/1/section/652) repealed (1.10.2000) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 96(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/96/4), [Sch. 27 Pt. 3(21)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/21), Note; [S.I. 2000/2319](https://www.legislation.gov.uk/uksi/2000/2319), [art. 2](https://www.legislation.gov.uk/uksi/2000/2319/article/2)
[^c23486061]: [Ss. 653-655](https://www.legislation.gov.uk/ukpga/1988/1/section/653) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486071]: [Ss. 653-655](https://www.legislation.gov.uk/ukpga/1988/1/section/653) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486081]: [Ss. 653-655](https://www.legislation.gov.uk/ukpga/1988/1/section/653) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486091]: [Ss. 653-655](https://www.legislation.gov.uk/ukpga/1988/1/section/653) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22892441]: [S. 650A](https://www.legislation.gov.uk/ukpga/1988/1/section/650A) inserted (with effect in accordance with [s. 95(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/95/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 95(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/95/1)
[^c22892461]: [S. 651A](https://www.legislation.gov.uk/ukpga/1988/1/section/651A) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 96(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/96/1)
[^c22892481]: [S. 653A](https://www.legislation.gov.uk/ukpga/1988/1/section/653A) inserted (with effect in accordance with [s. 97(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/97/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 97(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/97/1)
[^c22888871]: [Pt. 14 Ch. 5](https://www.legislation.gov.uk/ukpga/1988/1/part/14/chapter/5) excluded (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 60(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/60/5)
[^c22887791]: [S. 648A](https://www.legislation.gov.uk/ukpga/1988/1/section/648A) and preceding cross-heading inserted (with application in accordance with [s. 109(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/109/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 109(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/109/1)
[^c23568701]: [S. 658A](https://www.legislation.gov.uk/ukpga/1988/1/section/658A) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c21619451]: [S. 659](https://www.legislation.gov.uk/ukpga/1988/1/section/659) repealed (with effect in accordance with s. 81(7)(8) of the repealing Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 81(4)](https://www.legislation.gov.uk/ukpga/1990/29/section/81/4), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 9
[^c21619461]: [S. 659A](https://www.legislation.gov.uk/ukpga/1988/1/section/659A) inserted (with effect in accordance with [s. 81(5)](https://www.legislation.gov.uk/ukpga/1990/29/section/81/5) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 81(2)](https://www.legislation.gov.uk/ukpga/1990/29/section/81/2)
[^c23486321]: Words in [s. 659A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/659A/1) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486111]: [Ss. 659B-659D](https://www.legislation.gov.uk/ukpga/1988/1/section/659B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486131]: [Ss. 659B-659D](https://www.legislation.gov.uk/ukpga/1988/1/section/659B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486121]: [Ss. 659B-659D](https://www.legislation.gov.uk/ukpga/1988/1/section/659B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486491]: Words in [s. 659E(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/659E/1) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 143](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/143) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23568791]: [S. 659E(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/659E/2): entries repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22901211]: [S. 658A](https://www.legislation.gov.uk/ukpga/1988/1/section/658A) inserted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 98(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/98/1)
[^c22888751]: [Ss. 659B](https://www.legislation.gov.uk/ukpga/1988/1/section/659B), [659C](https://www.legislation.gov.uk/ukpga/1988/1/section/659C) inserted (with effect in accordance with [s. 60](https://www.legislation.gov.uk/ukpga/1995/4/section/60) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 59(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/59/5)
[^c22901291]: [S. 659D](https://www.legislation.gov.uk/ukpga/1988/1/section/659D) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 17](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/17)
[^c22901331]: [S. 659E](https://www.legislation.gov.uk/ukpga/1988/1/section/659E) inserted (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/2), [Sch. 25 para. 2](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/2)
[^c23763571]: [Ss. 660A](https://www.legislation.gov.uk/ukpga/1988/1/section/660A), [660B](https://www.legislation.gov.uk/ukpga/1988/1/section/660B) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 271](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/271), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763591]: [Ss. 660A](https://www.legislation.gov.uk/ukpga/1988/1/section/660A), [660B](https://www.legislation.gov.uk/ukpga/1988/1/section/660B) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 271](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/271), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763491]: [S. 660C(1)-(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/660C/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 272(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/272/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23312361]: [S. 660C(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/660C/1A) inserted (with effect in accordance with [Sch. 4 para. 14(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/14/4) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 14(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/14/3)
[^c23763551]: [S. 660C(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/660C/3) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 144](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/144), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23763471]: [S. 660C(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/660C/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 272(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/272/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763691]: [S. 660C(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/660C/4) repealed (with effect in accordance with Sch. 5 para. 2(2)(3) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 2(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/2/1), [Sch. 27 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/3), Note
[^c23763611]: [Ss. 660D-660G](https://www.legislation.gov.uk/ukpga/1988/1/section/660D) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 273](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/273), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763631]: [Ss. 660D-660G](https://www.legislation.gov.uk/ukpga/1988/1/section/660D) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 273](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/273), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763651]: [Ss. 660D-660G](https://www.legislation.gov.uk/ukpga/1988/1/section/660D) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 273](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/273), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763671]: [Ss. 660D-660G](https://www.legislation.gov.uk/ukpga/1988/1/section/660D) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 273](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/273), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23288571]: [Pt. 15 Ch. 1A](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1A) excluded (with effect in accordance with s. 44(6) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 44(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/44/1)
[^c23288581]: [Pt. 15 Ch. 1A](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1A) modified (with effect in accordance with s. 45(3) of the modifying Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 45(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/45/1)
[^c23765121]: [S. 677](https://www.legislation.gov.uk/ukpga/1988/1/section/677) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 274](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/274), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23765141]: [S. 678](https://www.legislation.gov.uk/ukpga/1988/1/section/678) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 275](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/275), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23313211]: [Ss. 679-681](https://www.legislation.gov.uk/ukpga/1988/1/section/679) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c23313231]: [Ss. 679-681](https://www.legislation.gov.uk/ukpga/1988/1/section/679) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c23313241]: [Ss. 679-681](https://www.legislation.gov.uk/ukpga/1988/1/section/679) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c23765161]: [Ss. 682](https://www.legislation.gov.uk/ukpga/1988/1/section/682), [682A](https://www.legislation.gov.uk/ukpga/1988/1/section/682A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 276](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/276), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23765181]: [Ss. 682](https://www.legislation.gov.uk/ukpga/1988/1/section/682), [682A](https://www.legislation.gov.uk/ukpga/1988/1/section/682A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 276](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/276), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22900941]: [Pt. 15 Ch. 1B](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1B) heading inserted (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/8)
[^c23313251]: [S. 682A](https://www.legislation.gov.uk/ukpga/1988/1/section/682A) inserted (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 11](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/11)
[^c22900961]: [Ss. 683-685](https://www.legislation.gov.uk/ukpga/1988/1/section/683) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c22900971]: [Ss. 683-685](https://www.legislation.gov.uk/ukpga/1988/1/section/683) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c22900981]: [Ss. 683-685](https://www.legislation.gov.uk/ukpga/1988/1/section/683) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c22900991]: [Ss. 683-685](https://www.legislation.gov.uk/ukpga/1988/1/section/683) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c23766891]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23766911]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23766931]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23766951]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23766971]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23766991]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767011]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23313571]: [S. 686](https://www.legislation.gov.uk/ukpga/1988/1/section/686) sidenote substituted (with effect in accordance with [s. 32(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 32(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/8)
[^c23767031]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767051]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2)) (subject to an amendment to s. 686A(2)(a) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 55(1)(3)](https://www.legislation.gov.uk/ukpga/2007/11/section/55/1/3))
[^c23767071]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767091]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767111]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767131]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767151]: [Ss. 685A-687](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 145](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/145), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23766871]: Words in [s. 687A](https://www.legislation.gov.uk/ukpga/1988/1/section/687A) sidenote substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 146(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/146/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767191]: [S. 688](https://www.legislation.gov.uk/ukpga/1988/1/section/688) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 279](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/279), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23313831]: [S. 689](https://www.legislation.gov.uk/ukpga/1988/1/section/689) repealed (with effect in accordance with s. 74(2), Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 15](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/15), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c22901001]: Cross-heading before s. 686 replaced by Pt. 15 Ch. 1C heading (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 12](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/12)
[^c23765271]: [Ss. 685A-685G](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) inserted (coming into force and with effect in accordance with [Sch. 13 para. 1(2)-(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/1/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/1/1)
[^c23313651]: [S. 686A](https://www.legislation.gov.uk/ukpga/1988/1/section/686A) inserted (with effect in accordance with [s. 32(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 32(9)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/9)
[^c23765231]: [Ss. 686B](https://www.legislation.gov.uk/ukpga/1988/1/section/686B), [686C](https://www.legislation.gov.uk/ukpga/1988/1/section/686C) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 100](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/100) (with [Sch. 2 para. 87](https://www.legislation.gov.uk/ukpga/2003/1/schedule/2/paragraph/87), [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23765251]: [S. 686D](https://www.legislation.gov.uk/ukpga/1988/1/section/686D) inserted (with effect in accordance with [s. 14(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/14/5) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 14(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/14/1)
[^c23765291]: [S. 686E](https://www.legislation.gov.uk/ukpga/1988/1/section/686E) inserted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 para. 4(2)(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/4/2/3)
[^c23313631]: [S. 687A](https://www.legislation.gov.uk/ukpga/1988/1/section/687A) inserted (with effect in accordance with [s. 27(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/27/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 27(1)](https://www.legislation.gov.uk/ukpga/1997/58/section/27/1)
[^c22900951]: [Pt. 15 Ch. 1C](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1C) heading substituted for heading before s. 686 (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 12](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/12)
[^c23765221]: [Pt. 15 Ch. 1C](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1C) modified (6.4.2005 with effect in accordance with s. 883(1) of the modifying Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 457(1)(3)](https://www.legislation.gov.uk/ukpga/2005/5/section/457/1/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23767811]: [S. 689A](https://www.legislation.gov.uk/ukpga/1988/1/section/689A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 147](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/147), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767951]: [Ss. 690-694](https://www.legislation.gov.uk/ukpga/1988/1/section/690) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 149](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/149), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767971]: [Ss. 690-694](https://www.legislation.gov.uk/ukpga/1988/1/section/690) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 149](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/149), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767981]: [Ss. 690-694](https://www.legislation.gov.uk/ukpga/1988/1/section/690) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 149](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/149), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767991]: [Ss. 690-694](https://www.legislation.gov.uk/ukpga/1988/1/section/690) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 149](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/149), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767891]: [S. 694](https://www.legislation.gov.uk/ukpga/1988/1/section/694) sidenote substituted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/2004/12/schedule/4/paragraph/2)
[^c23768001]: [Ss. 690-694](https://www.legislation.gov.uk/ukpga/1988/1/section/690) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 149](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/149), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23288561]: [Pt. 15](https://www.legislation.gov.uk/ukpga/1988/1/part/15) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 6(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/6/1) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22900921]: [Pt. 15 Ch. 1A](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1A) inserted (in place of ss. 660-676, 683-685) (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/1)
[^c23313851]: [Pt. 15 Ch. 1D](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1D) (ss. 689A, 689B) inserted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/16)
[^c23769431]: Word in [s. 698A](https://www.legislation.gov.uk/ukpga/1988/1/section/698A) sidenote substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 288(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/288/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21621991]: [S. 698A](https://www.legislation.gov.uk/ukpga/1988/1/section/698A) inserted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 11(2)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/11/2), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c23770881]: [S. 698A](https://www.legislation.gov.uk/ukpga/1988/1/section/698A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 150](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/150), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23770801]: [S. 699](https://www.legislation.gov.uk/ukpga/1988/1/section/699) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 289](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/289), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22901551]: [S. 699A](https://www.legislation.gov.uk/ukpga/1988/1/section/699A) inserted (with effect in accordance with [s. 76(6)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/6) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 76(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/4)
[^c23771371]: Words in [s. 703](https://www.legislation.gov.uk/ukpga/1988/1/section/703) sidenote substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(10)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/10) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772691]: Words in [s. 709](https://www.legislation.gov.uk/ukpga/1988/1/section/709) sidenote substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 161(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/161/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772771]: Words in [Pt. 17 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/17/chapter/1) heading substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 153](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/153) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23314131]: [Ss. 705A](https://www.legislation.gov.uk/ukpga/1988/1/section/705A), [705B](https://www.legislation.gov.uk/ukpga/1988/1/section/705B) inserted (1.1.1994) by [The General and Special Commissioners (Amendment of Enactments) Regulations 1994 (S.I. 1994/1813)](https://www.legislation.gov.uk/uksi/1994/1813), [reg. 1(1)](https://www.legislation.gov.uk/uksi/1994/1813/regulation/1/1), [Sch. 1 para. 24](https://www.legislation.gov.uk/uksi/1994/1813/schedule/1/paragraph/24)
[^c23781621]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781641]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781651]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781661]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781671]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781681]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781691]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781701]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781711]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781721]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781731]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781741]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781751]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781761]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781771]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22992681]: [S. 724](https://www.legislation.gov.uk/ukpga/1988/1/section/724) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note
[^c21624971]: [S. 725](https://www.legislation.gov.uk/ukpga/1988/1/section/725) repealed (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(12)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/12) Note 5
[^c21625001]: [S. 726](https://www.legislation.gov.uk/ukpga/1988/1/section/726) repealed (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 6
[^c21625011]: [S. 726A](https://www.legislation.gov.uk/ukpga/1988/1/section/726A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 54](https://www.legislation.gov.uk/ukpga/1991/31/section/54), [Sch. 12 paras. 2](https://www.legislation.gov.uk/ukpga/1991/31/schedule/12/paragraph/2), [5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/12/paragraph/5)
[^c23781781]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781801]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781791]: [Ss. 710-727A](https://www.legislation.gov.uk/ukpga/1988/1/section/710) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/162), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23006161]: [S. 722A](https://www.legislation.gov.uk/ukpga/1988/1/section/722A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 40 para. 6](https://www.legislation.gov.uk/ukpga/1996/8/schedule/40/paragraph/6)
[^c22903261]: [S. 727A](https://www.legislation.gov.uk/ukpga/1988/1/section/727A) inserted (with effect in accordance with [s. 79(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/79/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 79(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/79/1) (with [s. 79(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/79/4))
[^c22992701]: [S. 729](https://www.legislation.gov.uk/ukpga/1988/1/section/729) repealed (with effect in accordance with s. 159(1)(10) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/1), [Sch. 41 Pt. 5(21)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/21), Note; [S.I. 1996/2646](https://www.legislation.gov.uk/uksi/1996/2646), [art. 2](https://www.legislation.gov.uk/uksi/1996/2646/article/2)
[^c23774521]: [S. 730](https://www.legislation.gov.uk/ukpga/1988/1/section/730) heading substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by virtue of [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(12)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/12)
[^c23782231]: [Ss. 730A](https://www.legislation.gov.uk/ukpga/1988/1/section/730A), [730B](https://www.legislation.gov.uk/ukpga/1988/1/section/730B) repealed (with effect in accordance with [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 4](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/4), [Sch. 27 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/14), Note
[^c23782241]: [Ss. 730A](https://www.legislation.gov.uk/ukpga/1988/1/section/730A), [730B](https://www.legislation.gov.uk/ukpga/1988/1/section/730B) repealed (with effect in accordance with [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 4](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/4), [Sch. 27 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/14), Note
[^c23782251]: [S. 730BB](https://www.legislation.gov.uk/ukpga/1988/1/section/730BB) repealed (with effect in accordance with [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/5), [Sch. 27 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/14), Note
[^c23782261]: [S. 730C](https://www.legislation.gov.uk/ukpga/1988/1/section/730C) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 301](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/301), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22903331]: [Ss. 730A](https://www.legislation.gov.uk/ukpga/1988/1/section/730A), [730B](https://www.legislation.gov.uk/ukpga/1988/1/section/730B) inserted (with effect in accordance with [s. 80(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/80/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 80(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/80/1)
[^c23774831]: [S. 730BB](https://www.legislation.gov.uk/ukpga/1988/1/section/730BB) inserted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 12](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/12)
[^c23006261]: [S. 730C](https://www.legislation.gov.uk/ukpga/1988/1/section/730C) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 40 para. 7](https://www.legislation.gov.uk/ukpga/1996/8/schedule/40/paragraph/7)
[^c21625441]: [S. 736A](https://www.legislation.gov.uk/ukpga/1988/1/section/736A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg. 2(a)](https://www.legislation.gov.uk/uksi/1992/173/regulation/2/a); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(a)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/a), [4(1)](https://www.legislation.gov.uk/uksi/1993/933/regulation/4/1))
[^c23131691]: [S. 737](https://www.legislation.gov.uk/ukpga/1988/1/section/737) repealed (with effect in accordance with Sch. 10 para. 16(1), Sch. 18 Pt. 6(10) Notes 3, 6 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 8](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/8), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10) (with [Sch. 10 para. 16(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16/3)); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23782321]: [Ss. 737A-737C](https://www.legislation.gov.uk/ukpga/1988/1/section/737A) repealed (with effect in accordance with [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/7), [Sch. 27 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/14), Note
[^c23782331]: [Ss. 737A-737C](https://www.legislation.gov.uk/ukpga/1988/1/section/737A) repealed (with effect in accordance with [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/7), [Sch. 27 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/14), Note
[^c23782341]: [Ss. 737A-737C](https://www.legislation.gov.uk/ukpga/1988/1/section/737A) repealed (with effect in accordance with [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/7), [Sch. 27 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/14), Note
[^c23130271]: [S. 736B](https://www.legislation.gov.uk/ukpga/1988/1/section/736B) inserted (with effect in accordance with [Sch. 10 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/7/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 3](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/3); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23776191]: [S. 736C](https://www.legislation.gov.uk/ukpga/1988/1/section/736C) inserted (with effect in accordance with [Sch. 6 para. 3(2)-(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/3/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/3/1)
[^c23776211]: [S. 736D](https://www.legislation.gov.uk/ukpga/1988/1/section/736D) inserted (with effect in accordance with [Sch. 6 para. 4(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/4/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 4(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/4/3)
[^c22902581]: [Ss. 737A-737C](https://www.legislation.gov.uk/ukpga/1988/1/section/737A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 122](https://www.legislation.gov.uk/ukpga/1994/9/section/122)
[^c23781481]: [S. 737E](https://www.legislation.gov.uk/ukpga/1988/1/section/737E) sidenote substituted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by virtue of [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 13(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/13/4)
[^c23781601]: Words in [s. 737E](https://www.legislation.gov.uk/ukpga/1988/1/section/737E) sidenote repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 176(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/176/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23782361]: [S. 737E](https://www.legislation.gov.uk/ukpga/1988/1/section/737E) repealed (with effect in accordance with [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 8](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/8), [Sch. 27 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/14), Note
[^c22903631]: [Ss. 737D](https://www.legislation.gov.uk/ukpga/1988/1/section/737D), [737E](https://www.legislation.gov.uk/ukpga/1988/1/section/737E) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 83(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/83/1)
[^c23782901]: [Ss. 739-746](https://www.legislation.gov.uk/ukpga/1988/1/section/739) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 177](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/177), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23782921]: [Ss. 739-746](https://www.legislation.gov.uk/ukpga/1988/1/section/739) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 177](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/177), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23782541]: [S. 741](https://www.legislation.gov.uk/ukpga/1988/1/section/741) sidenote substituted (5.12.2005) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 2(4)(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/2/4/5)
[^c23782931]: [Ss. 739-746](https://www.legislation.gov.uk/ukpga/1988/1/section/739) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 177](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/177), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23782941]: [Ss. 739-746](https://www.legislation.gov.uk/ukpga/1988/1/section/739) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 177](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/177), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23782951]: [Ss. 739-746](https://www.legislation.gov.uk/ukpga/1988/1/section/739) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 177](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/177), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23782961]: [Ss. 739-746](https://www.legislation.gov.uk/ukpga/1988/1/section/739) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 177](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/177), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23782971]: [Ss. 739-746](https://www.legislation.gov.uk/ukpga/1988/1/section/739) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 177](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/177), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23782681]: [S. 742](https://www.legislation.gov.uk/ukpga/1988/1/section/742) sidenote substituted (5.12.2005) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 6(5)(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/6/5/6)
[^c23782981]: [Ss. 739-746](https://www.legislation.gov.uk/ukpga/1988/1/section/739) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 177](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/177), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23782991]: [Ss. 739-746](https://www.legislation.gov.uk/ukpga/1988/1/section/739) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 177](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/177), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23783001]: [Ss. 739-746](https://www.legislation.gov.uk/ukpga/1988/1/section/739) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 177](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/177), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23783011]: [Ss. 739-746](https://www.legislation.gov.uk/ukpga/1988/1/section/739) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 177](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/177), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23783021]: [Ss. 739-746](https://www.legislation.gov.uk/ukpga/1988/1/section/739) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 177](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/177), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23782561]: [S. 741A](https://www.legislation.gov.uk/ukpga/1988/1/section/741A) inserted (5.12.2005) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 3](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/3)
[^c23782581]: [Ss. 741B](https://www.legislation.gov.uk/ukpga/1988/1/section/741B), [741C](https://www.legislation.gov.uk/ukpga/1988/1/section/741C) inserted (5.12.2005) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 4](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/4)
[^c23782601]: [S. 741D](https://www.legislation.gov.uk/ukpga/1988/1/section/741D) inserted (5.12.2005) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 5](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/5)
[^c23787951]: [S. 747A](https://www.legislation.gov.uk/ukpga/1988/1/section/747A) repealed (with effect in accordance with Sch. 4 para. 24(2) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 24(1)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/24/1), [Sch. 11 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/6), Note
[^c23228321]: [S. 748](https://www.legislation.gov.uk/ukpga/1988/1/section/748) sidenote substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(9)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/9); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229041]: [Ss. 749-749B](https://www.legislation.gov.uk/ukpga/1988/1/section/749) substituted for s. 749 (with effect in accordance with [Sch.17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 4](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228571]: [Ss. 752-752C](https://www.legislation.gov.uk/ukpga/1988/1/section/752) substituted for s. 752 (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 7](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228611]: [S. 753](https://www.legislation.gov.uk/ukpga/1988/1/section/753) repealed (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/8), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229001]: [S. 755](https://www.legislation.gov.uk/ukpga/1988/1/section/755) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 12](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/12), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22903691]: [S. 747A](https://www.legislation.gov.uk/ukpga/1988/1/section/747A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 2](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/2)
[^c23783101]: [S. 748ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/748ZA) inserted (with effect in accordance with [Sch. 12 para. 14(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/14/2) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 12 para. 5](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/5)
[^c23312911]: [S. 748A](https://www.legislation.gov.uk/ukpga/1988/1/section/748A) inserted (with effect in accordance with [s. 89(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/89/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 89(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/89/2)
[^c23229061]: [Ss. 749-749B](https://www.legislation.gov.uk/ukpga/1988/1/section/749) substituted for s. 749 (with effect in accordance with [Sch.17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 4](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23310811]: [S. 750A](https://www.legislation.gov.uk/ukpga/1988/1/section/750A) inserted (with effect in accordance with [Sch. 31 para. 9(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 3](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/3)
[^c23783061]: [S. 751AA](https://www.legislation.gov.uk/ukpga/1988/1/section/751AA) inserted (with effect in accordance with [Sch. 16 para. 25](https://www.legislation.gov.uk/ukpga/2009/10/schedule/16/paragraph/25) of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 16 para. 23](https://www.legislation.gov.uk/ukpga/2009/10/schedule/16/paragraph/23)
[^c23783081]: [S. 751AB](https://www.legislation.gov.uk/ukpga/1988/1/section/751AB) inserted (with effect in accordance with [Sch. 12 para. 14(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/14/2) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 12 para. 2](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/2)
[^c23783121]: [S. 751AC](https://www.legislation.gov.uk/ukpga/1988/1/section/751AC) inserted (with effect in accordance with [Sch. 12 para. 14(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/14/2) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 12 para. 7](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/7)
[^c23228591]: [Ss. 752-752C](https://www.legislation.gov.uk/ukpga/1988/1/section/752) substituted for s. 752 (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 7](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229081]: [S. 754A](https://www.legislation.gov.uk/ukpga/1988/1/section/754A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 10](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/10); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229101]: [S. 754B](https://www.legislation.gov.uk/ukpga/1988/1/section/754B) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 11](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/11); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229121]: [S. 755A](https://www.legislation.gov.uk/ukpga/1988/1/section/755A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 13](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/13); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229141]: [S. 755B](https://www.legislation.gov.uk/ukpga/1988/1/section/755B) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 14](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/14); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229161]: [S. 755C](https://www.legislation.gov.uk/ukpga/1988/1/section/755C) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 15](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/15); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23311081]: [S. 755D](https://www.legislation.gov.uk/ukpga/1988/1/section/755D) inserted (with effect in accordance with [Sch. 31 para. 9(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 4(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/4/1)
[^c23790471]: [S. 764](https://www.legislation.gov.uk/ukpga/1988/1/section/764) repealed (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 23](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/23), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15), Note
[^c23788241]: [Ss. 762ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/762ZA), [762ZB](https://www.legislation.gov.uk/ukpga/1988/1/section/762ZB) inserted (with effect in accordance with [Sch. 7 para. 98](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/98) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 94](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/94)
[^c23788221]: [S. 762A](https://www.legislation.gov.uk/ukpga/1988/1/section/762A) inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 15(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/15/1) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23788201]: [Ss. 756A-756C](https://www.legislation.gov.uk/ukpga/1988/1/section/756A) and preceding cross-headings inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/3) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c21627061]: [S. 765A](https://www.legislation.gov.uk/ukpga/1988/1/section/765A) inserted (with effect in accordance with [s. 68(4)](https://www.legislation.gov.uk/ukpga/1990/29/section/68/4) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 68(2)](https://www.legislation.gov.uk/ukpga/1990/29/section/68/2)
[^c21627211]: [S. 768A](https://www.legislation.gov.uk/ukpga/1988/1/section/768A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [Sch. 15 para. 20(1)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/20/1)
[^c23790991]: [S. 768B](https://www.legislation.gov.uk/ukpga/1988/1/section/768B) sidenote substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by virtue of [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/7)
[^c23229571]: [S. 767AA](https://www.legislation.gov.uk/ukpga/1988/1/section/767AA) inserted (with effect in accordance with [s. 114(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/114/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 114(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/114/1)
[^c23229591]: [S. 767C](https://www.legislation.gov.uk/ukpga/1988/1/section/767C) inserted (with effect in accordance with [s. 115(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/115/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 115(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/115/1)
[^c22903801]: [Ss. 768B](https://www.legislation.gov.uk/ukpga/1988/1/section/768B), [768C](https://www.legislation.gov.uk/ukpga/1988/1/section/768C) inserted (with application in accordance with [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 26 para. 2](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/2)
[^c23229611]: [S. 768D](https://www.legislation.gov.uk/ukpga/1988/1/section/768D) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 31](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/31) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23313061]: [S. 768E](https://www.legislation.gov.uk/ukpga/1988/1/section/768E) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 4(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/4/3)
[^c23229641]: [S. 770A](https://www.legislation.gov.uk/ukpga/1988/1/section/770A) substituted for ss. 770-773 (with effect in accordance with [s. 108(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/108/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 108(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/108/1); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23798811]: [S. 775](https://www.legislation.gov.uk/ukpga/1988/1/section/775) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 182](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/182), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796661]: Words in [s. 777](https://www.legislation.gov.uk/ukpga/1988/1/section/777) sidenote substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(13)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/13) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23790671]: [S. 775A](https://www.legislation.gov.uk/ukpga/1988/1/section/775A) inserted (with effect in accordance with [Sch. 7 para. 4(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/4/2) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 4(1)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/4/1)
[^c23790691]: [Ss. 785ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/785ZA), [785ZB](https://www.legislation.gov.uk/ukpga/1988/1/section/785ZB) inserted (with effect in accordance with [s. 83(4)-(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/83/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 83(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/83/2)
[^c23790651]: [S. 785A](https://www.legislation.gov.uk/ukpga/1988/1/section/785A) inserted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/135/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 135(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/135/1)
[^c23790751]: [Ss. 785B-785E](https://www.legislation.gov.uk/ukpga/1988/1/section/785B) inserted (with effect in accordance with [Sch. 20 para. 1(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/1/2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 20 para. 1(1)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/1/1) (with transitional modifications in [Sch. 20 para. 1(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/1/3))
[^c23790711]: [Ss. 774A-774G](https://www.legislation.gov.uk/ukpga/1988/1/section/774A) and preceding cross-heading inserted (with effect in accordance with [Sch. 6 para. 6(2)-(7)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/6/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 6(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/6/1)
[^c22810311]: Word in [s. 788](https://www.legislation.gov.uk/ukpga/1988/1/section/788) sidenote substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/b)
[^c21627711]: [Pt. 18 Chs. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/18/chapter/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/part/18/chapter/2) modified (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 277(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/277/1), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22894971]: Word in [s. 797A](https://www.legislation.gov.uk/ukpga/1988/1/section/797A) sidenote substituted (with effect in accordance with [Sch. 30 para. 7(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/7/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 7(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/7/3)
[^c22895131]: Words in [s. 797A](https://www.legislation.gov.uk/ukpga/1988/1/section/797A) sidenote added (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 5(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/5/3)
[^c22894431]: [S. 793A](https://www.legislation.gov.uk/ukpga/1988/1/section/793A) inserted (with effect in accordance with [Sch. 30 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/5/2/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 5(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/5/1)
[^c22894451]: [S. 795A](https://www.legislation.gov.uk/ukpga/1988/1/section/795A) inserted (with effect in accordance with [Sch. 30 para. 6(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/6/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/6/1)
[^c22894321]: [S. 797A](https://www.legislation.gov.uk/ukpga/1988/1/section/797A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 43](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/43) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22894681]: [S. 797B](https://www.legislation.gov.uk/ukpga/1988/1/section/797B) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 5(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/5/4)
[^c22894341]: [S. 798A](https://www.legislation.gov.uk/ukpga/1988/1/section/798A) inserted (with effect in accordance with [s. 103(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/103/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 104](https://www.legislation.gov.uk/ukpga/1998/36/section/104)
[^c22894361]: [S. 798B](https://www.legislation.gov.uk/ukpga/1988/1/section/798B) inserted (with effect in accordance with [s. 103(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/103/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 105](https://www.legislation.gov.uk/ukpga/1998/36/section/105)
[^c23803101]: [Ss. 798-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/798) substituted for ss. 798-798B (with effect in accordance with [s. 86(3)-(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/3) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 86(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/1)
[^c22895851]: [S. 800](https://www.legislation.gov.uk/ukpga/1988/1/section/800) repealed (with effect in accordance with Sch. 30 para. 10(2) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 10(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/10/1), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c22896251]: [S. 802](https://www.legislation.gov.uk/ukpga/1988/1/section/802) repealed (with effect in accordance with Sch. 30 para. 14(2) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 14(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/14/1), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c22895991]: [S. 801A](https://www.legislation.gov.uk/ukpga/1988/1/section/801A) inserted (with effect in accordance with [s. 90(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/90/2) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 90(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/90/1)
[^c22896011]: [S. 801B](https://www.legislation.gov.uk/ukpga/1988/1/section/801B) inserted (with effect in accordance with [Sch. 30 para. 12(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/12/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 12(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/12/1)
[^c22896031]: [S. 801C](https://www.legislation.gov.uk/ukpga/1988/1/section/801C) inserted (with effect in accordance with [Sch. 30 para. 13(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/13/2/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 13(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/13/1)
[^c22896051]: [S. 803A](https://www.legislation.gov.uk/ukpga/1988/1/section/803A) inserted (with effect in accordance with [Sch. 30 para. 15(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/15/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 15(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/15/1)
[^c22897451]: [S. 804A](https://www.legislation.gov.uk/ukpga/1988/1/section/804A) sidenote substituted (with effect in accordance with [Sch. 30 para. 16(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/6) of the amending Act) by virtue of [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 16(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/5)
[^c21628031]: [S. 804A](https://www.legislation.gov.uk/ukpga/1988/1/section/804A) inserted (with effect in accordance with [Sch. 7 para. 10](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/10) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 7 para. 5](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/5)
[^c23805351]: [S. 804F](https://www.legislation.gov.uk/ukpga/1988/1/section/804F) repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 14(2)(e)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/14/2/e), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23804151]: [Ss. 804ZA-804ZC](https://www.legislation.gov.uk/ukpga/1988/1/section/804ZA) inserted (with effect in accordance with [s. 87(3)-(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/87/3) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 87(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/87/1)
[^c22897151]: [S. 804B](https://www.legislation.gov.uk/ukpga/1988/1/section/804B) inserted (with effect in accordance with [Sch. 30 para. 17(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/17/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 17(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/17/1)
[^c22897171]: [Ss. 804C-804E](https://www.legislation.gov.uk/ukpga/1988/1/section/804C) inserted (with effect in accordance with [Sch. 30 para. 18(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/18/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 18(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/18/1)
[^c22897191]: [S. 804F](https://www.legislation.gov.uk/ukpga/1988/1/section/804F) inserted (with effect in accordance with [Sch. 30 para. 19(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/19/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 19(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/19/1)
[^c23804171]: [S. 804G](https://www.legislation.gov.uk/ukpga/1988/1/section/804G) inserted (with effect in accordance with [s. 59(13)](https://www.legislation.gov.uk/ukpga/2009/10/section/59/13) of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [s. 59(2)](https://www.legislation.gov.uk/ukpga/2009/10/section/59/2)
[^c21627851]: [Pt. 18 Chs. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/18/chapter/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/part/18/chapter/2) modified (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 277(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/277/1), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22897951]: [Ss. 806A-806H](https://www.legislation.gov.uk/ukpga/1988/1/section/806A), [806J](https://www.legislation.gov.uk/ukpga/1988/1/section/806J) and cross-heading inserted (with effect in accordance with [Sch. 30 para. 21(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/21/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 21(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/21/1)
[^c22897971]: [S. 806K](https://www.legislation.gov.uk/ukpga/1988/1/section/806K) and cross-heading inserted (with effect in accordance with [Sch. 30 para. 22(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/22/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 22(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/22/1)
[^c22897991]: [Ss. 806L](https://www.legislation.gov.uk/ukpga/1988/1/section/806L), [806M](https://www.legislation.gov.uk/ukpga/1988/1/section/806M) and cross-heading inserted (with effect in accordance with [Sch. 30 para. 23(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/23/2/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 23(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/23/1)
[^c21628131]: [S. 808A](https://www.legislation.gov.uk/ukpga/1988/1/section/808A) inserted (16.7.1992 with application in relation to interest paid after 14.5.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s.52](https://www.legislation.gov.uk/ukpga/1992/48/section/52)
[^c22899601]: [S. 810](https://www.legislation.gov.uk/ukpga/1988/1/section/810) repealed (with effect in accordance with Sch. 30 para. 26(2) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 26(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/26/1), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c21628341]: [S. 815A](https://www.legislation.gov.uk/ukpga/1988/1/section/815A) inserted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 50](https://www.legislation.gov.uk/ukpga/1992/48/section/50)
[^c21628361]: [S. 815B](https://www.legislation.gov.uk/ukpga/1988/1/section/815B) inserted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 51(1)](https://www.legislation.gov.uk/ukpga/1992/48/section/51/1)
[^c22900261]: Word in [s. 815C](https://www.legislation.gov.uk/ukpga/1988/1/section/815C) sidenote substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/b)
[^c23811001]: [S. 815C](https://www.legislation.gov.uk/ukpga/1988/1/section/815C) repealed (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 26 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/8/2)
[^c22898071]: [S. 807A](https://www.legislation.gov.uk/ukpga/1988/1/section/807A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 46](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/46) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22898091]: [S. 808B](https://www.legislation.gov.uk/ukpga/1988/1/section/808B) inserted (with effect in accordance with [Sch. 30 para. 25(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/25/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 25(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/25/1)
[^c23806191]: [S. 815AZA](https://www.legislation.gov.uk/ukpga/1988/1/section/815AZA) inserted (with effect in accordance with [s. 59(2)](https://www.legislation.gov.uk/ukpga/2008/9/section/59/2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 59(1)](https://www.legislation.gov.uk/ukpga/2008/9/section/59/1)
[^c22898111]: [S. 815AA](https://www.legislation.gov.uk/ukpga/1988/1/section/815AA) inserted (with effect in accordance with [Sch. 30 para. 28(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/28/2/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 28(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/28/1)
[^c22898131]: [S. 815C](https://www.legislation.gov.uk/ukpga/1988/1/section/815C) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 146(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/146/1)
[^c22900391]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) modified (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 20 para. 10](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/10) (as amended by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 122(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/122/4/5)) (with Sch. 20 para. 12(2)(a))
[^c22900401]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 87](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/87)
[^c23798871]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 107(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/107/5)
[^c23798881]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 12E(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/12E/5) (as inserted (29.11.2007 with effect in accordance with regs. 1(2), 3(1) of the amending S.I. (as amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(1)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/1))) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 1 para. 16](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/16))
[^c23798891]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 30E(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/30E/5) (as inserted (29.11.2007 with effect in accordance with regs. 1(2), 3(1) of the amending S.I. (as amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(1)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/1))) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 1 para. 19](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/19))
[^c23798901]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 12C(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/12C/3) (as substituted (29.11.2007 with effect in accordance with regs. 1(2), 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 2 para. 8](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/8))
[^c23798911]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 30C(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/30C/3) (as substituted (29.11.2007 with effect in accordance with regs. 1(2), 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 2 para. 10](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/10))
[^c23798921]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 87A(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/87A/3) (as substituted (29.11.2007 with effect in accordance with regs. 1(2), 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 2 para. 12](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/12))
[^c23798931]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 140H(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/140H/3), [140I(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/140I/3), [140J(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/140J/3) (as inserted (29.11.2007 with effect in accordance with regs. 1(2), 3(3) of the amending S.I. (as amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/2))) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 3 para. 1](https://www.legislation.gov.uk/uksi/2007/3186/schedule/3/paragraph/1))
[^c23798941]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 paras. 12H(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/12H/3), [12I(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/12I/3) (as inserted (29.11.2007 with effect in accordance with regs. 1(2), 3(3) of the amending S.I. (as amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/2))) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 3 para. 2](https://www.legislation.gov.uk/uksi/2007/3186/schedule/3/paragraph/2))
[^c23798951]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 paras. 30G(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/30G/3), [30H(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/30H/3) (as inserted (29.11.2007 with effect in accordance with regs. 1(2), 3(3) of the amending S.I. (as amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/2))) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 3 para. 4](https://www.legislation.gov.uk/uksi/2007/3186/schedule/3/paragraph/4))
[^c23798961]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 paras. 85B(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/85B/3), [85C(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/85C/3) (as inserted (29.11.2007 with effect in accordance with regs. 1(2), 3(3) of the amending S.I. (as amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/2))) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 3 para. 5](https://www.legislation.gov.uk/uksi/2007/3186/schedule/3/paragraph/5))
[^c23798971]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18): power to amend conferred (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 533(2)(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/533/2/3) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23798981]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) modified (with effect in accordance with s. 56(3) of the modifying Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [s. 56(1)](https://www.legislation.gov.uk/ukpga/2009/10/section/56/1)
[^c23816441]: [S. 818](https://www.legislation.gov.uk/ukpga/1988/1/section/818) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 203](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/203), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23816461]: [S. 819](https://www.legislation.gov.uk/ukpga/1988/1/section/819) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 204](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/204), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23812421]: [S. 820](https://www.legislation.gov.uk/ukpga/1988/1/section/820) applied (6.4.2005) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)(2)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1/2), [Sch. 2 para. 160](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2/paragraph/160)
[^c21628511]: Source—1970 s.520
[^c21628521]: Source—1970 s.521; 1972 Sch.24 29; 1983 s.27.
[^c23812431]: Words in [s. 821(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 330(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/330/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812451]: Words in [s. 821(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 330(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/330/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812471]: Words in [s. 821(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 330(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/330/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812491]: Words in [s. 821(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 330(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/330/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812521]: Words in [s. 821(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 330(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/330/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22800531]: Words in [s. 821(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1/a) substituted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 22](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/22)
[^c23812541]: Words in [s. 821(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 330(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/330/f), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812561]: [S. 821(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/3/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 205(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/205/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21628531]: [S. 821(3)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/3/aa) inserted (1.8.1989) by [Copyright, Designs and Patents Act 1988 (c. 48)](https://www.legislation.gov.uk/ukpga/1988/48), [Sch. 7 para. 36(7)](https://www.legislation.gov.uk/ukpga/1988/48/schedule/7/paragraph/36/7); [S.I. 1989/816](https://www.legislation.gov.uk/uksi/1989/816) art. 2
[^c23812581]: [S. 821(3)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/3/aa) and word repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 205(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/205/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22800561]: [S. 821(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/3/c) and preceding word repealed (with effect in accordance with Sch. 18 Pt. 6(2) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/2)
[^c21628541]: Source—1970 s.522; 1971 Sch.6 76; 1972 Sch.24 30
[^c22800621]: Words in [s. 822(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/822/1) substituted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 23](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/23)
[^c23816481]: [S. 823](https://www.legislation.gov.uk/ukpga/1988/1/section/823) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 206](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/206), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21628821]: [S. 824](https://www.legislation.gov.uk/ukpga/1988/1/section/824) excluded (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 173](https://www.legislation.gov.uk/ukpga/1993/34/section/173), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3), [Sch. 19 Pt. III para. 13(4)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/19/part/III/paragraph/13/4)
[^c22800861]: [S. 824](https://www.legislation.gov.uk/ukpga/1988/1/section/824) excluded (2.1.1996) by [The Lloyd's Underwriters (Gilt-edged Securities) (Periodic Accounting for Tax on Interest) Regulations 1995 (S.I. 1995/3225)](https://www.legislation.gov.uk/uksi/1995/3225), [reg. 12(2)](https://www.legislation.gov.uk/uksi/1995/3225/regulation/12/2) (with [reg. 13](https://www.legislation.gov.uk/uksi/1995/3225/regulation/13))
[^c23813151]: [S. 824](https://www.legislation.gov.uk/ukpga/1988/1/section/824) excluded (27.12.2005 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Lloyd's Underwriters (Tax) Regulations 2005 (S.I. 2005/3338)](https://www.legislation.gov.uk/uksi/2005/3338), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3338/regulation/1/1), [14(4)](https://www.legislation.gov.uk/uksi/2005/3338/regulation/14/4)
[^c22800701]: [S. 824(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/1) substituted (with effect in accordance with s. 199(2)(3), [Sch. 19 para. 41(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 41(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/1); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21628871]: [S. 824(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/1A) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [7(b)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/7/b)
[^c21628881]: [S. 824(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/1A) repealed (from 18.8.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [ss. 178(7)](https://www.legislation.gov.uk/ukpga/1989/26/section/178/7), [187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Pt. 10](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/10), Note; [S.I. 1989/1298](https://www.legislation.gov.uk/uksi/1989/1298)
[^c22801911]: [S. 824(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/2A) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [7(d)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/7/d)
[^c22801811]: [S. 824(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/2B) inserted (retrospectively, with effect in accordance with [s. 41(4)-(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/41/4) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 41(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/41/2)
[^c22801851]: [S. 824(2C)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/2C) inserted (with effect in accordance with [s. 90(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/90/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 90(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/90/2)
[^c22800731]: [S. 824(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/3) substituted (with effect in accordance with s. 199(2)(3), [Sch. 19 para. 41(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 41(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23813081]: [S. 824(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/3) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 108](https://www.legislation.gov.uk/ukpga/2004/12/section/108)
[^c22801831]: [S. 824(3)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/3/aa) inserted (retrospectively, with effect in accordance with [s. 41(4)-(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/41/4) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 41(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/41/3)
[^c22801871]: [S. 824(3)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/3/ab) inserted (with effect in accordance with [s. 90(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/90/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 90(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/90/3)
[^c22800891]: [S. 824(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/3/a/b) substituted (with effect in accordance with [s. 92(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/92/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 92(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/92/2)
[^c22800931]: Words in [s. 824(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/3/c) substituted (with effect in accordance with [s. 92(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/92/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 92(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/92/3)
[^c22800911]: [S. 824(4)(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/4/4A) substituted for s. 824(4) (with effect in accordance with [s. 92(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/92/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 92(4)](https://www.legislation.gov.uk/ukpga/1997/16/section/92/4)
[^c23813061]: Words in [s. 824(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/4A) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 104](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/104) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22800751]: [S. 824(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/5) repealed (with effect in accordance with s. 199(2)(3), Sch. 19 para. 41(4) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 41(3)(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/3/a), [Sch. 26 Pt. 5(23)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/23), Note 3; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21629001]: Words in [s. 824(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/6) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [7(f)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/7/f)
[^c21629011]: Words in [s. 824(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/6) repealed (from 18.8.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [ss. 178(7)](https://www.legislation.gov.uk/ukpga/1989/26/section/178/7), [187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Pt. 10](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/10), Note; [S.I. 1989/1298](https://www.legislation.gov.uk/uksi/1989/1298)
[^c23813131]: [S. 824(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 331(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/331/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21629031]: Source—1975 (No.2) s.47(11), (12).
[^c23813111]: Words in [s. 824(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 331(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/331/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22800791]: Words in [s. 824(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/9) repealed (with effect in accordance with s. 199(2)(3), Sch. 19 para. 41(4) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 41(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/3/b), [Sch. 26 Pt. 5(23)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/23), Note 3; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21629041]: Words in [s. 824(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/9) substituted (1989-90 and subsequent years) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 110(5)(6)-(9)](https://www.legislation.gov.uk/ukpga/1989/26/section/110/5/6)
[^c23813161]: Words in [s. 824(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/9) inserted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 33](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/33) (as amended by [The Registered Pension Schemes (Splitting of Schemes) Regulations 2006 (S.I. 2006/569)](https://www.legislation.gov.uk/uksi/2006/569), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/569/regulation/1/1), [5(6)(7)](https://www.legislation.gov.uk/uksi/2006/569/regulation/5/6/7)) (with Sch. 36)
[^c21629051]: Words in [s. 824(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/9) substituted (1989-90 and subsequent years) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 111(4)(5)-(8)](https://www.legislation.gov.uk/ukpga/1989/26/section/111/4/5)
[^c22800811]: [S. 824(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/10) repealed (with effect in accordance with s. 199(2)(3), Sch. 19 para. 41(4) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 41(3)(c)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/3/c), [Sch. 26 Pt. 5(23)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/23), Note 3; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21629171]: Source—1975 (No.2) s.48(1), (2)
[^c21629181]: Words in [s. 825(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/1/a) repealed (for accounting periods beginning after 31.3.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Pt. V](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/V), Note 6
[^c21629191]: Words in [s. 825(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/2) repealed (with effect in relation to payments made on and after 6.4.1993) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [ss. 158(2)](https://www.legislation.gov.uk/ukpga/1989/26/section/158/2), [187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Pt. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/8), Note 5; [S.I. 1993/753](https://www.legislation.gov.uk/uksi/1993/753)
[^c21629201]: Words in [s. 825(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/2) substituted (from 18.8.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 179(1)(a)(vii)](https://www.legislation.gov.uk/ukpga/1989/26/section/179/1/a/vii); [S.I. 1989/1298](https://www.legislation.gov.uk/uksi/1989/1298)
[^c21629211]: [S. 825(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/2A) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [8(a)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/8/a)
[^c21629231]: Source—1975 (No.2) s.48(4)-(9)
[^c21629241]: [S. 825(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/4/a) modified (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 120](https://www.legislation.gov.uk/ukpga/1993/34/section/120), [Sch. 14 para. 10(6)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/10/6) [S. 825(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/4/a) modified (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 120](https://www.legislation.gov.uk/ukpga/1995/4/section/120), [Sch. 24 para. 12(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/12/5)
[^c21629251]: Words in [s. 825(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/4) added by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [Sch. 15 para.22](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/22)
[^c22801931]: [S. 825(4)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/4/d) repealed (with effect in accordance with s. 20 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c21629271]: Words in [s. 825(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/2A) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [8(b)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/8/b)
[^c22802091]: [S. 826](https://www.legislation.gov.uk/ukpga/1988/1/section/826) excluded (2.1.1996) by [The Lloyd's Underwriters (Gilt-edged Securities) (Periodic Accounting for Tax on Interest) Regulations 1995 (S.I. 1995/3225)](https://www.legislation.gov.uk/uksi/1995/3225), [reg. 12(2)](https://www.legislation.gov.uk/uksi/1995/3225/regulation/12/2) (with [reg. 13](https://www.legislation.gov.uk/uksi/1995/3225/regulation/13))
[^c22803051]: [S. 826](https://www.legislation.gov.uk/ukpga/1988/1/section/826) applied (with modifications) (7.1.1999 in accordance with reg. 1(2) of the affecting S.I.) by [The Corporation Tax (Instalment Payments) Regulations 1998 (S.I. 1998/3175)](https://www.legislation.gov.uk/uksi/1998/3175), [reg. 8](https://www.legislation.gov.uk/uksi/1998/3175/regulation/8) (as amended by: [S.I. 2005/889](https://www.legislation.gov.uk/uksi/2005/889), [regs. 1(1)(3)](https://www.legislation.gov.uk/uksi/2005/889/regulation/1/1/3), [7](https://www.legislation.gov.uk/uksi/2005/889/regulation/7); [S.I. 2011/1785](https://www.legislation.gov.uk/uksi/2011/1785), [regs. 1](https://www.legislation.gov.uk/uksi/2011/1785/regulation/1), [11](https://www.legislation.gov.uk/uksi/2011/1785/regulation/11); [S.I. 2017/1072](https://www.legislation.gov.uk/uksi/2017/1072), [regs. 1](https://www.legislation.gov.uk/uksi/2017/1072/regulation/1), [10](https://www.legislation.gov.uk/uksi/2017/1072/regulation/10))
[^c23813721]: [S. 826](https://www.legislation.gov.uk/ukpga/1988/1/section/826) excluded (27.12.2005 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Lloyd's Underwriters (Tax) Regulations 2005 (S.I. 2005/3338)](https://www.legislation.gov.uk/uksi/2005/3338), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3338/regulation/1/1), [14(4)(6)(b)](https://www.legislation.gov.uk/uksi/2005/3338/regulation/14/4/6/b)
[^c21629411]: Source—1987 (No.2) s.87
[^c21629401]: [S. 826(1)(8)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1/8/9) power exercised: 30.9.1993 appointed by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/b)
[^c22801941]: [S. 826(1)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1/aa) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 20(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/20/2)
[^c22803111]: [S. 826(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1/d) and preceding word inserted (with effect in accordance with [s. 69(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/69/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 21 para. 1(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/21/paragraph/1/2)
[^c22803291]: [S. 826(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1/e) and preceding word inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 23 para. 3(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/3/2)
[^c22803411]: [S. 826(1)(da)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1/da) inserted (with effect in accordance with [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/5) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 14 para. 1(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/1/2)
[^c23813731]: [S. 826(1)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1/f) and preceding word inserted (1.1.2007) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 53(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/53/1), [Sch. 5 para. 26(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/5/paragraph/26/2); [S.I. 2006/3399](https://www.legislation.gov.uk/uksi/2006/3399), [art. 2](https://www.legislation.gov.uk/uksi/2006/3399/article/2)
[^c21629431]: Words in [s. 826(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1) substituted (retrospectively) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 180(6)(7)](https://www.legislation.gov.uk/ukpga/1989/26/section/180/6/7)
[^c22802801]: Words in [s. 826(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/2) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 1(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/1/1)
[^c22801981]: Words in [s. 826(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/2) substituted (with effect in accordance with [s. 199(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/199/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 42](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/42); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22801961]: [S. 826(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/2A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 20(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/20/3)
[^c22803001]: [S. 826(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/2A) repealed (with effect in accordance with Sch. 3 para. 38(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 38(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/38/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22802821]: Words in [s. 826(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/3) substituted (with effect in accordance with [Sch. 4 para. 2(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/2/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 2(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/2/1)
[^c22803131]: [S. 826(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/3A) inserted (with effect in accordance with [s. 69(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/69/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 21 para. 1(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/21/paragraph/1/3)
[^c22803281]: [1998 c. 36](https://www.legislation.gov.uk/ukpga/1998/36).
[^c22803431]: [S. 826(3AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/3AA) inserted (with effect in accordance with [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/5) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 14 para. 1(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/1/3)
[^c22803311]: [S. 826(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/3B) inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 23 para. 3(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/3/3)
[^c23813751]: [S. 826(3C)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/3C) inserted (1.1.2007) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 53(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/53/1), [Sch. 5 para. 26(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/5/paragraph/26/3); [S.I. 2006/3399](https://www.legislation.gov.uk/uksi/2006/3399), [art. 2](https://www.legislation.gov.uk/uksi/2006/3399/article/2)
[^c22803071]: Words in [s. 826(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/4) substituted (with effect in accordance with [s. 90(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/90/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 90(1)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/90/1/a)
[^c22802121]: [S. 826(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/4/a) substituted (with effect in accordance with [s. 173(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 173(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/5)
[^c22803091]: Words in [s. 826(4)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/4/a/i) inserted (with effect in accordance with [s. 90(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/90/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 90(1)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/90/1/b)
[^c22802981]: [S. 826(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/5A) inserted (with effect in accordance with [s. 34(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/34/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 34(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/34/4)
[^c22803021]: [S. 826(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7) repealed (with effect in accordance with Sch. 3 para. 38(6) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 38(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/38/3), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21629471]: [S. 826(7A)(7B)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7A/7B) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [Sch. 15 para. 23](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/23)
[^c21629481]: Words in [s. 826(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7A) substituted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 120](https://www.legislation.gov.uk/ukpga/1993/34/section/120), [Sch. 14 para. 10(2)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/10/2)
[^c22802881]: Words in [s. 826(7)(7A)(7B)(7C)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7/7A/7B/7C) substituted (with effect in accordance with [Sch. 4 para. 5(5)(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/5/5/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 5(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/5/2)
[^c21629491]: [S. 826(7AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7AA) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 120](https://www.legislation.gov.uk/ukpga/1993/34/section/120), [Sch. 14 para. 10(3)(5)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/10/3/5)
[^c22803031]: [S. 826(7AA)(7CA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7AA/7CA) repealed (with effect in accordance with Sch. 3 para. 38(7) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 38(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/38/4), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22802231]: [S. 826(7B)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7B) repealed (with effect in accordance with s. 20 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c22803211]: [S. 826(7BB)(7BC)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7BB/7BC) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 29(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/29/2)
[^c21629521]: [S. 826(7C)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7C) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 170](https://www.legislation.gov.uk/ukpga/1993/34/section/170), [Sch. 18 para.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/18/paragraph/5)
[^c22802141]: Words in [s. 826(7C)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7C/a) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 48(1)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/48/1/a) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22802161]: Words in [s. 826(7C)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7C/b) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 48(1)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/48/1/b) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22802041]: Words in [s. 826(7C)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7C/c) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 24 para. 11(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/11/a)
[^c22802061]: Words in [s. 826(7C)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7C) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 24 para. 11(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/11/b)
[^c22802021]: [S. 826(7CA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7CA) inserted (with effect in accordance with [Sch. 24 para. 12(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/12/4/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 24 para. 12(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/12/2)
[^c22803061]: [S. 826(7AA)(7CA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7AA/7CA) repealed (with effect in accordance with Sch. 3 para. 38(7) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 38(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/38/4), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22802901]: [S. 826(7D)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7D) inserted (with effect in accordance with [Sch. 4 para. 5(5)(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/5/5/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 5(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/5/3)
[^c22803231]: Words in [s. 826(7D)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7D) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 29(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/29/3)
[^c22802921]: [S. 826(7E)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7E) inserted (with effect in accordance with [Sch. 4 para. 5(5)(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/5/5/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 5(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/5/4)
[^c22803251]: Words in [s. 826(7E)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7E) inserted (28.7.2000) by virtue of [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 29(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/29/4)
[^c22802841]: [S. 826(8A)-(8C)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A) inserted (with effect in accordance with [Sch. 4 para. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/3/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 3(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/3/1)
[^c22803151]: Words in [s. 826(8A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/a) inserted (with effect in accordance with [s. 69(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/69/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 21 para. 1(4)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/21/paragraph/1/4/a)
[^c22803331]: Words in [s. 826(8A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/a) inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 23 para. 3(4)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/3/4/a)
[^c23813771]: Words in [s. 826(8A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/a) substituted (1.1.2007) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 53(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/53/1), [Sch. 5 para. 26(4)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/5/paragraph/26/4/a); [S.I. 2006/3399](https://www.legislation.gov.uk/uksi/2006/3399), [art. 2](https://www.legislation.gov.uk/uksi/2006/3399/article/2)
[^c22803171]: [S. 826(8A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/b) substituted (with effect in accordance with [s. 69(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/69/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 21 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/21/paragraph/1/4/b)
[^c22803471]: Words in [s. 826(8A)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/b/ii) inserted (with effect in accordance with [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/5) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 14 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/1/4/b)
[^c22803351]: Words in [s. 826(8A)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/b/ii) inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 23 para. 3(4)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/3/4/b)
[^c23813791]: Words in [s. 826(8A)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/b/ii) inserted (1.1.2007) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 53(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/53/1), [Sch. 5 para. 26(4)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/5/paragraph/26/4/b); [S.I. 2006/3399](https://www.legislation.gov.uk/uksi/2006/3399), [art. 2](https://www.legislation.gov.uk/uksi/2006/3399/article/2)
[^c22803191]: [S. 826(8BA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8BA) inserted (with effect in accordance with [s. 69(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/69/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 21 para. 1(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/21/paragraph/1/5)
[^c22803491]: Words in [s. 826(8BA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8BA) inserted (with effect in accordance with [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/5) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 14 para. 1(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/1/5)
[^c22803371]: Words in [s. 826(8BA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8BA) inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 23 para. 3(5)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/3/5/a)
[^c23813811]: Words in [s. 826(8BA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8BA) inserted (1.1.2007) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 53(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/53/1), [Sch. 5 para. 26(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/5/paragraph/26/5); [S.I. 2006/3399](https://www.legislation.gov.uk/uksi/2006/3399), [art. 2](https://www.legislation.gov.uk/uksi/2006/3399/article/2)
[^c22803391]: Words in [s. 826(8BA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8BA) inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 23 para. 3(5)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/3/5/b)
[^c22800351]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c22800361]: [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9).
[^c23816501]: [S. 827A](https://www.legislation.gov.uk/ukpga/1988/1/section/827A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 207](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/207), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21629661]: Source—1970 ss.65(5), 204, 231(3), 343 (1A); 1970(F) s.29(6), Sch.5 2(3), 10; 1972 ss.91(3), 108(4); 1973 Sch.16 17(2); 1975 (No.2) ss.47(10), 48(6), 69(9), 70(8), 70A(3); 1976 ss.64(4), 64A, (4) Sch.4 16(2); 1980 s.24(9); [Sch.10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10) 13(3); 1982 ss.28(5), 29(1), (3), Sch.7 14(2); 1984 ss.26(1), 88(8), 126(1), Sch.8 2(1)(f), 3A; 1983 Sch.5 5A(9), 6(8); 1986 s.28, 61, Sch.11 11, Sch.12 3, Sch.17 6(7).
[^c23815221]: [S. 828(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/3) excluded by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 22C(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/22C/3) (as inserted (1.7.2005) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 7 paras. 8](https://www.legislation.gov.uk/ukpga/2005/7/schedule/7/paragraph/8), [18(1)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/7/paragraph/18/1) (with [Sch. 7 paras. 19-21](https://www.legislation.gov.uk/ukpga/2005/7/schedule/7/paragraph/19)))
[^c21629681]: Source—1970 ss.65(5), 204, 343(1B); 1970(F) s.29(8), Sch.5 2(3), 10; 1973 Sch.16 17(2); 1975 (No.2) ss.47(10), 48(6), 69(9), 70(8), 70A(3); 1976 ss.64(4), 64A(4); 1982 s.29(5); 1983 Sch.5 5A(9), 6(9); 1984 ss.26(6), 88(8), Sch.8 2(1), 3A; 1986 ss.26, 27(7), 55, Sch.11 11, Sch.12 3, Sch.17 6(7)
[^c23815251]: [S. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) modified (20.3.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [ss. 1030(4)](https://www.legislation.gov.uk/ukpga/2007/3/section/1030/4), [1034(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/4/b)
[^c23815351]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 208(5)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/208/5/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23815121]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 180(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/180/2)
[^c23815371]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 208(5)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/208/5/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23815201]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 334(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/334/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22803711]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) repealed (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 26 Pt. 5(19)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/19)
[^c22803751]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) repealed (with effect in accordance with Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21629701]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 118(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/118/2)
[^c21629711]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 6 para. 16](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/16)
[^c22803741]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) substituted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 1(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/1/2)
[^c21629721]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) inserted by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [Sch. 1 para. 8(34)](https://www.legislation.gov.uk/ukpga/1990/1/schedule/1/paragraph/8/34)
[^c23815401]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 208(5)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/208/5/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23815101]: [S. 828(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/5) added (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 105(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/105/4) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23815231]: [S. 828(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/6) inserted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 34](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/34) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23816521]: [S. 829](https://www.legislation.gov.uk/ukpga/1988/1/section/829) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 209](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/209), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23816161]: [S. 830(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/830/5) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 106](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/106), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22800331]: [S. 826A](https://www.legislation.gov.uk/ukpga/1988/1/section/826A) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 1(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/1/2)
[^c23811391]: [S. 827A](https://www.legislation.gov.uk/ukpga/1988/1/section/827A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 333](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/333) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21629861]: Source—1970 s.526(1), (2); 1987 Sch.15 12
[^c23816541]: [S. 831(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/831/3): definition of "ITEPA 2003" inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 107](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/107) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23816561]: [S. 831(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/831/3): definition of "ITTOIA 2005" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 336](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/336) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816581]: [S. 831(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/831/3): definition of "ITA 2007" inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 211](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/211) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21629871]: [S. 831(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/831/3): definition of "the 1990 Act" inserted by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [Sch. 1 para. 8(35)](https://www.legislation.gov.uk/ukpga/1990/1/schedule/1/paragraph/8/35); and that amendment continued by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579), [Sch. 2 para. 59](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/59)
[^c21629881]: [S. 831(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/831/3): definition of "the 1992 Act" inserted (with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(53)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/53/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22803801]: [S. 831(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/831/4) applied (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 144(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/144/2)
[^c21629891]: [1987 c. 42](https://www.legislation.gov.uk/ukpga/1987/42).
[^c21629901]: [1978 c. 30](https://www.legislation.gov.uk/ukpga/1978/30).
[^c21629911]: [1986 c. 9](https://www.legislation.gov.uk/ukpga/1986/9).
[^c21629921]: Source—1970 s.540(2)
[^c21629931]: Words in [s. 831(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/831/5) substituted (with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(53)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/53/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23817041]: Words in [s. 832](https://www.legislation.gov.uk/ukpga/1988/1/section/832) sidenote substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23820211]: [S. 833](https://www.legislation.gov.uk/ukpga/1988/1/section/833) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 213](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/213), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23820231]: [S. 835](https://www.legislation.gov.uk/ukpga/1988/1/section/835) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 215](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/215), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23820251]: [S. 836](https://www.legislation.gov.uk/ukpga/1988/1/section/836) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 216](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/216), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23820331]: [S. 836A](https://www.legislation.gov.uk/ukpga/1988/1/section/836A) repealed (with effect in accordance with s. 80(4) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 25](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/25), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7), Note 2
[^c23820271]: [S. 836B](https://www.legislation.gov.uk/ukpga/1988/1/section/836B) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 217](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/217), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23820291]: [S. 837](https://www.legislation.gov.uk/ukpga/1988/1/section/837) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 218](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/218), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22806921]: [S. 841A](https://www.legislation.gov.uk/ukpga/1988/1/section/841A) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17)
[^c23820311]: [S. 842AA](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 229](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/229), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21631481]: [S. 842A](https://www.legislation.gov.uk/ukpga/1988/1/section/842A) inserted (1.4.1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s.127(1)(4)](https://www.legislation.gov.uk/ukpga/1990/29/section/127/1/4)
[^c23819851]: Words in [s. 842B](https://www.legislation.gov.uk/ukpga/1988/1/section/842B) sidenote repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 231(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/231/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23812171]: [S. 834A](https://www.legislation.gov.uk/ukpga/1988/1/section/834A) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 274](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/274) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23812191]: [S. 834B](https://www.legislation.gov.uk/ukpga/1988/1/section/834B) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 275](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/275) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23812211]: [S. 834C](https://www.legislation.gov.uk/ukpga/1988/1/section/834C) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 276](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/276) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c22805631]: [S. 836A](https://www.legislation.gov.uk/ukpga/1988/1/section/836A) inserted (with effect in accordance with [s. 103(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/2)
[^c23811481]: [S. 836B](https://www.legislation.gov.uk/ukpga/1988/1/section/836B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 340](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/340) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22805561]: [S. 837A](https://www.legislation.gov.uk/ukpga/1988/1/section/837A) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 19 para. 1](https://www.legislation.gov.uk/ukpga/2000/17/schedule/19/paragraph/1)
[^c22805581]: [S. 837B](https://www.legislation.gov.uk/ukpga/1988/1/section/837B) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 19 para. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/19/paragraph/2)
[^c23811461]: [S. 837C](https://www.legislation.gov.uk/ukpga/1988/1/section/837C) inserted (with effect in accordance with [Sch. 27 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 para. 1](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/1)
[^c23812101]: [S. 840ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/840ZA) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 225](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/225) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22805501]: [S. 840A](https://www.legislation.gov.uk/ukpga/1988/1/section/840A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 1(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/1/1)
[^c22805521]: [S. 841A](https://www.legislation.gov.uk/ukpga/1988/1/section/841A) inserted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 26](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/26) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c22805481]: [S. 842AA](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 70(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/70/1)
[^c22805611]: [S. 842B](https://www.legislation.gov.uk/ukpga/1988/1/section/842B) inserted (6.4.2001 with effect in accordance with [s. 76(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/2), [Sch. 25 para. 1(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/1/1)
[^c21631551]: Words in [s. 843(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/843/2) substituted (with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(56)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/56) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22807521]: Words in [s. 843(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/843/2) substituted (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/8)
[^c21631561]: Words in [s. 843(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/843/4) repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 15 para. 24](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/24), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 4
[^c21631571]: [1978 c. 30](https://www.legislation.gov.uk/ukpga/1978/30).
[^c23389411]: [Sch. A2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/A2) repealed (with effect in accordance with s. 26(8)-(11) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 26(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/2), [Sch. 26 Pt. 3(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/1), Note
[^c21853671]: [Sch. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/1) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c22720851]: [Sch. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/2) repealed (with effect in accordance with Sch. 14 Pt. IV Note 9 of the repealing Act) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39) ss. 75, 148, Sch.14 Part IV
[^c21853701]: [Sch. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3) repealed (with effect in accordance with Sch. 7 para. 32 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 27](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/27), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2), Note (with Sch. 7 paras. 33-35)
[^c21846651]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c23389421]: [Sch. 4A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 342](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/342), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390441]: [Sch. 5AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 344](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/344), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22777311]: [Sch. 5A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5A) repealed (with effect in accordance with [Sch. 10 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/7/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 1(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/1/2), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10), Note 1; [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23390511]: [Schs. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6), [6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A), [7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7), [7A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 paras. 110](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/110), [111](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/111), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21633181]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c23390521]: [Schs. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6), [6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A), [7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7), [7A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 paras. 110](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/110), [111](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/111), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390531]: [Schs. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6), [6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A), [7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7), [7A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 paras. 110](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/110), [111](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/111), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390541]: [Schs. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6), [6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A), [7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7), [7A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 paras. 110](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/110), [111](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/111), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22205081]: [Sch. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8) repealed (with effect in accordance with s. 61(2)(3), Sch. 18 Pt. 6(3) Notes 1-3 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3)
[^c21634111]: Source—1978 Sch.9 1(1)(a); 1980 Sch.10 1(1)(a); 1984 Sch.10 1(1)
[^c21634121]: Source—1978 Sch.9 1(5); 1980 Sch.10 1(2); 1984 Sch.10 1(2)
[^c21634131]: Source—1978 Sch.9 1(2); 1980 Sch.10 1(3); 1984 Sch.10 1(3)
[^c21634141]: Source—1978 Sch.9 1(2); 1980 Sch.10 1(3); 1984 Sch.10 1(4)
[^c21634151]: Source—1978 Sch.9 1(1)(b); 1980 Sch.10 1(1), (b); 1984 Sch.10 1(1); 1987 Sch.15 13
[^c21634161]: [Sch. 9 para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/2/2) excluded (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 238(1)(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/238/1/4), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21634171]: Source—1978 s.54(1); 1986 s.24(3)(a)
[^c22225551]: [Sch. 9 para. 2(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/2/2A/2B) inserted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 53(1)(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/53/1/3)
[^c21634181]: Source—1978 Sch.9 2(3), (4); 1980 Sch.10 1(1)(aa), (ab), (1A); 1983 s.25(5); 1984 s.39(2)
[^c22225621]: [Sch. 9 para. 3(2)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/3/2/ca) inserted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 53(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/53/2/3)
[^c22225931]: [Sch. 9 para. 3(2)(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/3/2/f) and preceding word inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 51(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/51/1)
[^c21634191]: Source—1978 Sch.9 3(3)
[^c22225951]: [Sch. 9 para. 3(4)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/3/4) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 51(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/51/2)
[^c22181491]: [Sch. 9 para. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/4) modified (with effect in accordance with Sch. 16 para. 1 of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 16 para. 4](https://www.legislation.gov.uk/ukpga/1996/8/schedule/16/paragraph/4)
[^c21634201]: Source—1978 Sch.9 3(2); 1980 Sch.10 3(2); 1984 Sch.10 2(2)
[^c23392191]: [Sch. 9 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/5) modified (1.4.2009) by [The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56)](https://www.legislation.gov.uk/uksi/2009/56), [art. 1(2)](https://www.legislation.gov.uk/uksi/2009/56/article/1/2), [Sch. 1 para. 158](https://www.legislation.gov.uk/uksi/2009/56/schedule/1/paragraph/158)
[^c21634211]: Source—1978 Sch.9 4; 1980 Sch.10 4; 1984 Sch.10 3
[^c21634231]: Source—1978 s.53(7); 1980 Sch.10 25; 1984 Sch.10 14
[^c23392121]: [Sch. 9 Pts. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/2), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/6) repealed (except for specified purposes) (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 112(1)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/112/1), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21634241]: Source—1978 Sch.9 11(1), (2); 1980 Sch.10 23; 1984 Sch.10 4(1)(b), (3)
[^c21634251]: [Sch. 9 Pt. II para. 8A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/II/paragraph/8A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 38(5)(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/38/5/6)
[^c21634261]: Source—1978 Sch.9 1(1), (3); 1980 Sch.10 5(a); 1984 Sch.10
[^c22225451]: Words in [Sch. 9 para. 9(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/9/1) inserted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 52(2)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/2/5)
[^c21634271]: Source—1978 Sch.9 5; 1980 Sch.10 15; 1984 Sch.10 7
[^c21634281]: [Sch. 9 para. 10(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/10/c/ii) and preceding word repealed by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 64](https://www.legislation.gov.uk/ukpga/1989/26/section/64), [Sch. 17 Pt. 4](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/4)
[^c21634291]: Source—1978 Sch.9 6; 1980, s.46(10), Sch.10 16; 1984 Sch.10 8
[^c22194561]: Words in [Sch. 9 para. 11(a)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/11/a/c) substituted (with effect in accordance with [Sch. 38 para. 6(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(j)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/j)
[^c21634321]: Source—1978 Sch.9 7; 1980 Sch.10 17; 1984 Sch.10 9; 1986 s.22, 24(2)
[^c22225511]: Words in [Sch. 9 para. 12(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/12/1/c) substituted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 52(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/4/a/5) (with [s. 52(6)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/6))
[^c22225531]: [Sch. 9 para. 12(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/12/1A/1B) inserted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 52(4)(b)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/4/b/5) (with [s. 52(6)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/6))
[^c21634331]: Source—1980 Sch.10 18; 1982 s.41; 1984 Sch.10 10; 1986 s.23(4)
[^c21634341]: [Sch. 9 para. 13(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/13/3) added (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 69(1)](https://www.legislation.gov.uk/ukpga/1988/39/section/69/1)
[^c21634351]: Source—1978 Sch.9 8; 1980 s.46(11), Sch.10 19; 1984 Sch.10 11; 1986 s.23(3)
[^c21634361]: Source—1980 Sch.10, 10A; 1984 Sch.10 4A; 1987 Sch.4 1, 2; 1987 (No.2) s.59
[^c21634371]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c21634381]: [S.I. 1986/1032 (N.I. 6)](https://www.legislation.gov.uk/nisi/1986/1032).
[^c21634391]: Source—1987 Sch.4 3
[^c23392201]: [Sch. 9 Pts. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/2), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/6) repealed (except for specified purposes) (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 112(1)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/112/1), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22225471]: [Sch. 9 para. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/11A) inserted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 52(3)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/3/5) (with [s. 52(6)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/6))
[^c23392091]: [Sch. 9 Pts. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/3), [4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/4) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 112(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/112/2), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23392111]: [Sch. 9 Pts. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/3), [4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/4) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 112(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/112/2), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21634771]: Source—1978 Sch.9 1(3)
[^c21634781]: Source—1978 Sch.9 3(2)
[^c21634801]: Source—1978 Sch.9 1 (4); 1983 s.25(1)
[^c21634811]: Source—1978 s.53(4)
[^c21634821]: Source—1978 Sch.9 12
[^c21634831]: Source—1978 Sch.9 13; 1980 s.46(13)
[^c21880401]: Words in [Sch. 9 para. 32(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/32/1) substituted (with effect in accordance with [s. 101(9)(10)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/9/10) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 101(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/5)
[^c21634841]: Source—1978 Sch.9 14
[^c21880421]: [Sch. 9 para. 33(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/33/a) modified (with effect in accordance with s. 101(11)(12) of the affecting Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 101(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/6) (with [s. 101(14)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/14))
[^c21634851]: Source—1978 Sch.9 15
[^c21634861]: Source—1978 Sch.9 9
[^c21634871]: Source—1978 Sch.9 10
[^c21634881]: Source—1978 Sch.9 2; 1983 s.25(4)
[^c21884191]: Words in [Sch. 9 para. 36(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/36/1/a) substituted (with application in accordance with [s. 137(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/137/7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 137(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/137/4)
[^c21634891]: Source—1987 Sch.4 6-8
[^c21634901]: [Sch. 9 para. 40](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/40) and preceding cross-heading inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 65](https://www.legislation.gov.uk/ukpga/1989/26/section/65)
[^c23392211]: [Sch. 9 Pts. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/2), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/6) repealed (except for specified purposes) (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 112(1)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/112/1), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21634091]: [Sch. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9) excluded (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 238(2)(c)(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/238/2/c/4), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22180901]: [Sch. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 115](https://www.legislation.gov.uk/ukpga/1996/8/section/115)
[^c22181041]: [Sch. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 116(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/116/3)
[^c22225871]: [Sch. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9) modified (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 49(1)(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/49/1/2)
[^c23392221]: [Sch. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9) continued for specified purposes (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 418(3)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21634921]: Source—1978 s.54(2); 1979 Sch.7
[^c21880321]: [Sch. 10 para. 1(1)(cc)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/1/1/cc) inserted (with effect in accordance with [s. 101(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 101(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/2)
[^c21634931]: Source—1978 s.54(1A); 1980 s.46(2)
[^c21634941]: Source—1978 s.54(3)
[^c21880361]: [Sch. 10 para. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/1/4) inserted (with effect in accordance with [s. 101(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 101(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/3)
[^c21634991]: Source—1978 s.54(4), (5); 1980 s.46(3); 1986 s.24(3)
[^c22194851]: Words in [Sch. 10 para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/2) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(4)(b)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/4/b)
[^c22201621]: Words in [Sch. 10 para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/2) substituted (24.9.1996) by [The Employment Rights (Northern Ireland) Order 1996 (S.I. 1996/1919 (N.I. 16))](https://www.legislation.gov.uk/nisi/1996/1919), [art. 1(2)](https://www.legislation.gov.uk/nisi/1996/1919/article/1/2), [Sch. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/1) (with [Sch. 2](https://www.legislation.gov.uk/nisi/1996/1919/schedule/2))
[^c21635021]: Words in [Sch. 10 para. 2(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/2/b) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 38(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/38/3)
[^c21635031]: Word at the end of Sch. 10 para. 2(c) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [9](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/9)
[^c21635041]: Words in [Sch. 10 para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/2) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 38(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/38/3)
[^c22162701]: Words in [Sch. 10 para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/2) substituted (19.7.1995) by [Pensions Act 1995 (c. 26)](https://www.legislation.gov.uk/ukpga/1995/26), [ss. 126](https://www.legislation.gov.uk/ukpga/1995/26/section/126), [180(2)(a)](https://www.legislation.gov.uk/ukpga/1995/26/section/180/2/a), [Sch. 4 para. 12(b)](https://www.legislation.gov.uk/ukpga/1995/26/schedule/4/paragraph/12/b), [s. 178(3)](https://www.legislation.gov.uk/ukpga/1995/26/section/178/3)
[^c22181091]: [Sch. 10 para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/3) substituted (with effect in accordance with [s. 107(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 117(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/117/1)
[^c23393091]: Words in [Sch. 10 paras. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/3/1), [6(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/6/4) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 113(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/113/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22778221]: Words in [Sch. 10 para. 3A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/3A/2) substituted (19.7.1995) by [Pensions Act 1995 (c. 26)](https://www.legislation.gov.uk/ukpga/1995/26), [s. 180(2)(a)](https://www.legislation.gov.uk/ukpga/1995/26/section/180/2/a), [Sch. 4 para. 12(c)](https://www.legislation.gov.uk/ukpga/1995/26/schedule/4/paragraph/12/c)
[^c22778231]: Words in [Sch. 10 para. 3A(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/3A/4) substituted (19.7.1995) by [Pensions Act 1995 (c. 26)](https://www.legislation.gov.uk/ukpga/1995/26), [s. 180(2)(a)](https://www.legislation.gov.uk/ukpga/1995/26/section/180/2/a), [Sch. 4 para. 12(d)](https://www.legislation.gov.uk/ukpga/1995/26/schedule/4/paragraph/12/d)
[^c22778211]: [Sch. 10 para. 3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/3A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 100(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/100/3)
[^c21635091]: Source—1978 s.56(2)-(5)
[^c21635111]: Source—1978 s.57; 1979(C) Sch.7
[^c21635121]: Word in [Sch. 10 para. 5(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/5/7) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(58)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/58) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21880381]: [Sch. 10 para. 5A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/5A) inserted (with effect in accordance with [s. 101(8)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/8) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 101(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/4) (with [s. 101(13)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/13))
[^c21635131]: Source—1978 s.58; 1983 s.25(1)
[^c23393111]: Words in [Sch. 10 paras. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/3/1), [6(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/6/4) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 113(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/113/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21635141]: Source—1978 s.59; 1980 s.46(8); 1987 Sch.15 11(3)
[^c23393121]: Words in [Sch. 10 para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/7/1) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 113(3)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/113/3/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23393141]: Words in [Sch. 10 para. 7(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/7/6) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 113(3)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/113/3/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23393181]: Word in [Sch. 10 para. 7(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/7/7/b) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 113(3)(c)(i)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/113/3/c/i), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23393161]: Words in [Sch. 10 para. 7(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/7/7/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 113(3)(c)(ii)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/113/3/c/ii) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21634911]: [Sch. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10) excluded (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 238(2)(c)(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/238/2/c/4), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22181061]: [Sch. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 116(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/116/3)
[^c23392231]: [Sch. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10) continued (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 418(3)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23393261]: [Sch. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 114](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/114), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21635371]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para. 2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c23394021]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 115](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/115), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23394041]: [Sch. 12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 116](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/116), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23394061]: [Sch. 12AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12AA) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 117](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/117), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23394051]: [Sch. 12A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 118](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/118), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22778561]: [Sch. 13](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13) repealed (with effect in accordance with Sch. 3 para. 41(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 41(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/41/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22779711]: [Sch. 13A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A) repealed (with effect in accordance with Sch. 3 para. 42(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 42(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/42/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23394071]: [Sch. 13B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B) repealed (6.4.2003) by [Tax Credits Act 2002 (c. 21)](https://www.legislation.gov.uk/ukpga/2002/21), [s. 61](https://www.legislation.gov.uk/ukpga/2002/21/section/61), [Sch. 6](https://www.legislation.gov.uk/ukpga/2002/21/schedule/6); [S.I. 2003/962](https://www.legislation.gov.uk/uksi/2003/962), [art. 2(3)(e)](https://www.legislation.gov.uk/uksi/2003/962/article/2/3/e), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/962/schedule/1) (with [arts. 3-5](https://www.legislation.gov.uk/uksi/2003/962/article/3))
[^c21636171]: [Sch. 14 para. 1(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/1/2/3) repealed by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [Sch.14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14), Note 6
[^c23403071]: Cross-heading preceding Sch. 14 para. 1 substituted (5.12.2005) by virtue of [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [101(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/101/3)
[^c21636201]: Source—1976 Sch.4 11; 1979/1576; 1982 s.35(2), (4); 1970 s.10
[^c21636211]: Words in [Sch. 14 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/2/1/b) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 18(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/18/2); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c23403151]: [Sch. 14 para. 2(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/2/1A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 232(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/232/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21636281]: Source—1976 Sch.4 13; 1978 Sch.3 7; 1980 s.29(2)(c); 1987 Sch.15 9
[^c21636291]: Words in [Sch. 14 para. 3(1)(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/3/1/3/a) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 18(2)(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/18/2/3); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21636311]: Words in [Sch. 14 para. 3(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/3/3/a) substituted (6.4.1989) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 29](https://www.legislation.gov.uk/ukpga/1988/39/section/29)
[^c21636341]: Words in [Sch. 14 para. 3(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/3/4) repealed (with effect in accordance with s. 173 of the repealing Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 17 Pt. 9](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/9), Note
[^c21636351]: [1969 c.19](https://www.legislation.gov.uk/ukpga/1969/19).
[^c21636361]: Source—1976 Sch.4 14; 1978 Sch.3 2, 8
[^c21636371]: Source—1976 Sch.4 14A; 1978 Sch.3 9
[^c23403131]: Words in [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/5) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 119](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/119) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21636381]: Source—1976 Sch.4 15
[^c22780441]: Words in [Sch. 14 para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/6/2) repealed (with effect in accordance with Sch. 18 para. 17(5) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 11(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/11/2), [Sch. 41 Pt. 5(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/8), Note
[^c21636401]: Source—1976 Sch.4 16; 1978 Sch.3 10
[^c22780431]: Words in [Sch. 14 para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/7/1) repealed (with effect in accordance with s. 55(1)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(7)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/7), Note (as s. 55 of that repealing Act is amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c22223751]: [Sch. 14 para. 7(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/7/3/a) substituted (with effect in accordance with [Sch. 18 para. 17(1)(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/1/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 11(3)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/11/3/a)
[^c22223781]: Words in [Sch. 14 para. 7(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/7/3/b) inserted (with effect in accordance with [Sch. 18 para. 17(1)(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/1/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 11(3)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/11/3/b)
[^c22223801]: Words in [Sch. 14 para. 7(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/7/3/c) substituted (with effect in accordance with [Sch. 18 para. 17(3)(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/3/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 11(3)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/11/3/c)
[^c22223841]: Words in [Sch. 14 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/7/3) substituted (with effect in accordance with [Sch. 18 para. 17(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 11(3)(d)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/11/3/d)
[^c22223861]: [Sch. 14 para. 7(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/7/4/5) added (with effect in accordance with [Sch. 18 para. 17(3)(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/3/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 11(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/11/4)
[^c21636411]: Source—1970 s.19(5)
[^c21636421]: Source—1984 s.72(2)-(4), (6), (7)
[^c23403191]: [Sch. 14 para. 8(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/8/3A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 232(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/232/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22224031]: Words in [Sch. 14 para. 8(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/8/4) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/5)
[^c22224051]: [Sch. 14 para. 8(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/8/8) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/6)
[^c22780451]: [Sch. 14 para. 8(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/8/8/a) power exercised: 1.12.2001 appointed by [S.I. 2001/3643](https://www.legislation.gov.uk/uksi/2001/3643), [art. 2(b)](https://www.legislation.gov.uk/uksi/2001/3643/article/2/b)
[^c21636441]: Source—1970 Sch.1 1(1)-(4A); 1975 Sch.2 4(2), (3)
[^c21636451]: Source—1975 Sch.2 4(4)
[^c22224071]: Words in [Sch. 15 para. 1(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/1/6) substituted (with effect as mentioned in [s. 167(12)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/12) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(7)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/7/a); [S.I. 2001/3643](https://www.legislation.gov.uk/uksi/2001/3643), [art. 2(a)](https://www.legislation.gov.uk/uksi/2001/3643/article/2/a)
[^c21636461]: Source—1970 Sch.1 1(5)-(7); 1975 Sch.2 4(5), (6)
[^c21636471]: Source—1975 Sch.2 4(1)
[^c21636481]: Source—1970 Sch.1 2; 1975 Sch.2 4(7), (8)
[^c22224091]: Words in [Sch. 15 para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/2/2) substituted (with effect as mentioned in [s. 167(12)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/12) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(7)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/7/b); [S.I. 2001/3643](https://www.legislation.gov.uk/uksi/2001/3643), [art. 2(a)](https://www.legislation.gov.uk/uksi/2001/3643/article/2/a)
[^c21636491]: Source—1975 Sch.2 4(1)
[^c21636621]: Source—1970 ss.334(2)–(4), 337(5)(a), Sch.1 3, 3A; 1984 s.72(a); 1985 s.41(4), (6), Sch.10 Pt.I; 1979/1576
[^c21636631]: Words in [Sch. 15 para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/1) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 19(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/19/2); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21636641]: [Sch. 15 para. 3(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/1/c) and word preceding it repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 9 para. 4(1)(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/4/1/2), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 7
[^c22783601]: [Sch. 15 para. 3(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/2/c) repealed (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 3](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/3), [Sch. 29 Pt. 8(6)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/6)
[^c21636701]: Words in [Sch. 15 para. 3(2)(c)(4)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/2/c/4/c) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 19(3)(4)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/19/3/4); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21636711]: [Sch. 15 para. 3(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/4A) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 19(5)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/19/5); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21636541]: Words in [Sch. 15 para. 3(8)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/8/b/ii) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 49(5)](https://www.legislation.gov.uk/ukpga/1990/29/section/49/5)
[^c23394081]: [Sch. 15 para. 3(8)(b)(iii)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/8/b/iii/c) and word preceding para. (b)(iii) repealed (retrospectively with effect in accordance with s. 172(6) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 172(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/3), [Sch. 43 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/13), Note 3
[^c21636781]: [Sch. 15 para. 4(3)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/4/3/b/i) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 paras. 19(6)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/19/6), [22](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/22); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c22783611]: Words in [Sch. 15 para. 4(3)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/4/3/b/i) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 47(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/47/2)
[^c21636821]: Source—1970 Sch.1, 3; 1985 s.41(4)
[^c21636831]: Words in [Sch. 15 para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/6/1) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 19(7)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/19/7); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21636851]: Source—FSA 1974 s.64(2B); 1985 s.41(1); 1987 s.30(6)
[^c23820431]: [Sch. 15 para. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/6A) inserted (with effect in accordance with [s. 178](https://www.legislation.gov.uk/ukpga/2012/14/section/178) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 18 para. 13(6)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/18/paragraph/13/6)
[^c21636861]: Source—1970 Sch.1 4; 1976 Sch.4 12
[^c21636871]: Source—1975 Sch.2 7; 1976 Sch.4 19(4)
[^c22783711]: [Sch. 15 para. 8A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/8A) power exercised: 1.12.2001 appointed by [S.I. 2001/3643](https://www.legislation.gov.uk/uksi/2001/3643), [art. 2(c)](https://www.legislation.gov.uk/uksi/2001/3643/article/2/c)
[^c22783691]: [Sch. 15 para. 8A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/8A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(8)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/8)
[^c21636881]: Source—1970 Sch.1 5
[^c21636891]: Source—1976 Sch.4 2, 2A; 1978 Sch.3 4; 1982 s.35(1)
[^c22783631]: Words in [Sch. 15 para. 11(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/11/1) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 47(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/47/3)
[^c21636911]: [1974 c. 49](https://www.legislation.gov.uk/ukpga/1974/49).
[^c21636921]: Source—1970 Sch.1 6, 7
[^c23820501]: Words in [Sch. 15 para. 12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/12) inserted (retrospectively with effect in accordance with [s. 172(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 172(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/1)
[^c23820531]: Words in [Sch. 15 para. 12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/12) heading substituted (retrospectively with effect in accordance with [s. 172(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 172(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/2)
[^c21636931]: Source—1980 s.30; 1984 s.74; 1982 s.35(3)
[^c22783651]: Words in [Sch. 15 para. 14(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/14/3) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 47(4)](https://www.legislation.gov.uk/uksi/2001/3629/article/47/4)
[^c22783671]: [Sch. 15 para. 14(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/14/3A) inserted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 47(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/47/5)
[^c21636961]: Source—1970 Sch.1 8
[^c21636971]: Source—1984 s.72(9)(a)
[^c21636981]: Source—1970 Sch.1 9(1), (2)
[^c21636991]: Word in [Sch. 15 para. 17(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/17/2/a) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [10](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/10)
[^c21637001]: Source—1970 Sch.1 9(3); 1984 s.76(3), (6)
[^c23820571]: Words in [Sch. 15 para. 17(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/17/3/c) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c21637011]: Source—1975 Sch.2 5
[^c21637021]: Source—1970 Sch.1 10
[^c21637031]: Word in [Sch. 15 para. 18(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/18/2) substituted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [11](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/11)
[^c22224111]: [Sch. 15 para. 18(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/18/3/c) and preceding word inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/9)
[^c22783721]: [Sch. 15 para. 18(3)(c)(i)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/18/3/c/i) power exercised: 1.12.2001 appointed by [S.I. 2001/3643](https://www.legislation.gov.uk/uksi/2001/3643), [art. 2(c)](https://www.legislation.gov.uk/uksi/2001/3643/article/2/c)
[^c23820691]: [Sch. 15 para. 18(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/18/3/d) and preceding word inserted (partly retrospective, and otherwise with effect in accordance with [s. 87(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/87/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 87(2)(4)(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/87/2/4/6)
[^c23820671]: [Sch. 15 para. 18(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/18/4) inserted (retrospectively with effect in accordance with [s. 172(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 172(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/4)
[^c21637041]: Source—1975 Sch.2 3
[^c21637051]: Source—1982 s.34
[^c23820991]: [Sch. 15 para. 20ZA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/20ZA) and preceding cross-heading inserted (1.4.2011 with effect in accordance with art. 15(2) of the amending S.I.) by The Enactment of Extra-[Statutory Concessions Order 2011 (S.I. 2011/1037)](https://www.legislation.gov.uk/uksi/2011/1037), [arts. 1](https://www.legislation.gov.uk/uksi/2011/1037/article/1), [15(1)](https://www.legislation.gov.uk/uksi/2011/1037/article/15/1)
[^c23821011]: [Sch. 15 paras. B1-B3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/B1), cross-headings and preceding heading inserted (17.7.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 9 para. 3](https://www.legislation.gov.uk/ukpga/2013/29/schedule/9/paragraph/3)
[^c23820951]: [Sch. 15 para. 20A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/20A) and preceding cross-heading inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 233](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/233) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23820741]: [Sch. 15 para. 21](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/21) repealed (with effect in accordance with s. 55(1)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(7)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/7), Note (as s. 55 of that repealing Act is amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c23820721]: [Sch. 15 para. 22](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/22) repealed (with effect in accordance with s. 55(1)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(4)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/4/9), [Sch. 29 Pt. 8(7)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/7), Note (as s. 55 of that repealing Act is amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c21637101]: Source—1984 Sch.15 Pt.II 1
[^c21637111]: Source—1975 Sch.2 1A; 1984 Sch.5 Pt.I
[^c22783761]: [Sch. 15 para. 24(2)(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/24/2/2A) substituted for para. 24(2) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(5)(a)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/5/a/9) (as amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c22783871]: Words in [Sch. 15 para. 24(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/24/2A) substituted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/2)
[^c22783781]: Words in [Sch. 15 para. 24(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/24/3) repealed (with effect in accordance with s. 55(1)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(5)(b)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/5/b/9), [Sch. 29 Pt. 8(7)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/7), Note (as s. 55 of that repealing Act is amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c23821121]: Words in [Sch. 15 para. 24(3)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/24/3/b/c) substituted (with effect in accordance with [s. 155(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/155/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 1(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/1/4)
[^c22783811]: [Sch. 15 para. 24(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/24/4) repealed (with effect in accordance with s. 55(1)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(5)(b)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/5/b/9), [Sch. 29 Pt. 8(7)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/7), Note (as s. 55 of that repealing Act is amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c21637121]: Source—1984 Sch.15 Pt.II 2-4
[^c22783831]: [Sch. 15 para. 25(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/25/2) substituted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(6)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/6/9) (as amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c22783891]: Words in [Sch. 15 para. 25(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/25/2) substituted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/2)
[^c22783851]: Word in [Sch. 15 para. 27(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/27/1) substituted (except for specified purposes) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(7)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/7/9) (as amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c21636431]: [Sch. 15](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15) modified by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/5) (2)
[^c22783591]: [Sch. 15](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15) modified (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 4(2)(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/4/2/3)
[^c23820911]: [Sch. 15 Pt. A1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/part/A1) inserted (17.7.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 9 para. 2](https://www.legislation.gov.uk/ukpga/2013/29/schedule/9/paragraph/2)
[^c23821411]: [Sch. 15A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 345](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/345), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23821671]: [Sch. 15B Pt. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/part/1) (paras. 1-6) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 234](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/234), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23821711]: [Sch. 15B paras. 7-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/7) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 346(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/346/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23821731]: [Sch. 15B paras. 7-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/7) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 346(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/346/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23821741]: [Sch. 15B paras. 7-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/7) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 346(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/346/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22784011]: [Sch. 15B Pt. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/part/2) applied (1.5.1995) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 151A(6)](https://www.legislation.gov.uk/ukpga/1992/12/section/151A/6) (as inserted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 72(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/72/3))
[^c23821751]: [Sch. 16](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 235](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/235), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23838611]: [Sch. 17A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/17A) repealed and replaced (with effect in accordance with Sch. 27 Pt. 3(28) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 117(1)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/1/c), [Sch. 18](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28)
[^c23822181]: [Sch. 19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19) repealed by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [ss. 103](https://www.legislation.gov.uk/ukpga/1989/26/section/103), [187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Pt. V](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/V), Notes 1, 3
[^c21638151]: [Sch. 19AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA) inserted (for accounting periods beginning on or after 1 January 1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch.7 paras. 6](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/6), [10](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/10)
[^c23822571]: [Sch. 19AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 55](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/55), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c22799861]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (with effect in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art. 2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c22799851]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) repealed (with effect in accordance with s. 87(2)-(5) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 87(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/87/1), [Sch. 33 Pt. 2(12)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/12), Note (the provisions of Sch. 19AB not applying in relation to tax credits in respect of distributions made on or after 6th April 2004)
[^c21638371]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c23822971]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) repealed (31.12.2006 with effect in accordance with reg. 1 of the repealing S.I.) by [The Overseas Life Insurance Companies Regulations 2006 (S.I. 2006/3271)](https://www.legislation.gov.uk/uksi/2006/3271), [reg. 43(1)](https://www.legislation.gov.uk/uksi/2006/3271/regulation/43/1), [Sch. Pt. 1](https://www.legislation.gov.uk/uksi/2006/3271/schedule/part/1)
[^c21638581]: [Sch. 19A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A) inserted (1988-89 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 58(4)(a)(5)](https://www.legislation.gov.uk/ukpga/1988/39/section/58/4/a/5), [Sch. 5](https://www.legislation.gov.uk/ukpga/1988/39/schedule/5)
[^c21638591]: [Sch. 19A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A) repealed and superseded (with [Sch. 19](https://www.legislation.gov.uk/ukpga/1993/34/schedule/19) of the amending Act) (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 173(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/173/2), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(12)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/12) Note 5
[^c23822991]: Words in [Sch. 19B para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/1/1) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(4)(a)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/4/a)
[^c23823011]: Words in [Sch. 19B para. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/1/2) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(4)(b)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/4/b)
[^c23823631]: Words in [Sch. 19B para. 2(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/2/b) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 236](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/236) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23823031]: Words in [Sch. 19B para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/3/1) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(5)(a)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/5/a)
[^c23823051]: Words in [Sch. 19B para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/3/1) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(5)(b)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/5/b)
[^c23823071]: [Sch. 19B para. 3(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/3/3/4) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(5)(c)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/5/c)
[^c23823091]: Words in [Sch. 19B para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/6/2) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/6)
[^c23823111]: Words in [Sch. 19B para. 15(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/15/2) substituted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(7)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/7)
[^c23823131]: [Sch. 19B para. 16(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/16/2A) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(8)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/8)
[^c23823151]: [Sch. 19B para. 22(4)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/22/4) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(10)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/10)
[^c23823171]: [Sch. 19B para. 18A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/18A) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(9)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/9)
[^c22776191]: [Sch. 21 para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/21/paragraph/3) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 43](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/43), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c22781711]: Words in [Sch. 21 para. 6(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/21/paragraph/6/1/a) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 65](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/65)
[^c22780141]: Words in [Sch. 21 para. 6(1)(b)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/21/paragraph/6/1/b/3) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22774581]: [Sch. 21 para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/21/paragraph/6/2) repealed (with effect in accordance with s. 164(1)(2) of the repealing Act) by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s. 164(4)(5)](https://www.legislation.gov.uk/ukpga/1990/1/section/164/4/5), [Sch. 2](https://www.legislation.gov.uk/ukpga/1990/1/schedule/2)
[^c21638971]: Source—[1970 c.10](https://www.legislation.gov.uk/ukpga/1970/10), [Sch.11](https://www.legislation.gov.uk/ukpga/1970/10/schedule/11)
[^c23824201]: [Sch. 22](https://www.legislation.gov.uk/ukpga/1988/1/schedule/22) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23824221]: [Sch. 23](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23826351]: [Sch. 23ZA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23ZA) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c21639191]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c23316941]: Words in [Sch. 24 para. 1(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/3) substituted (with effect in accordance with [s. 154(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 28 para. 6](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/6)
[^c23317001]: [Sch. 24 para. 1(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/3A) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/2)
[^c23317431]: Words in [Sch. 24A para. 1(3A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24A/paragraph/1/3A/a) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317451]: [Sch. 24 para. 1(3A)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/3A/b/i) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/4/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317491]: Words in [Sch. 24 para. 1(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/3A) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317511]: Words in [Sch. 24 para. 1(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/4/a) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317531]: [Sch. 24 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/4/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/8); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317551]: Words in [Sch. 24 para. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(9)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/9); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23826371]: Words in [Sch. 24 para. 1(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/5) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23317061]: [Sch. 24 para. 1(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/6) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/3)
[^c23317181]: Words in [Sch. 24 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/2/1) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/4)
[^c23317571]: Words in [Sch. 24 para. 2(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/2/1/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 18(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/18/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317591]: Words in [Sch. 24 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/2/1) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 18(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/18/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319061]: [Sch. 24 para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/1) excluded (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 116(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/116/3)
[^c23826541]: [Sch. 24 para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/1) restricted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 870(4)(5)](https://www.legislation.gov.uk/ukpga/2009/4/section/870/4/5) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23317241]: [Sch. 24 para. 4(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/1A) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/5)
[^c23317611]: Words in [Sch. 24 para. 4(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/1A/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319081]: [Sch. 24 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/2) modified (29.5.2001 with effect in accordance with reg. 1 of the modifying S.I.) by [The General Insurance Reserves (Tax) Regulations 2001 (S.I. 2001/1757)](https://www.legislation.gov.uk/uksi/2001/1757), [reg. 8(3)](https://www.legislation.gov.uk/uksi/2001/1757/regulation/8/3)
[^c23317281]: Words in [Sch. 24 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/2) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(6)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/6/a)
[^c23317631]: Words in [Sch. 24 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/2) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/3/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317651]: Words in [Sch. 24 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/2) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/3/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317321]: [Sch. 24 para. 4(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/2A) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(7)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/7)
[^c23317731]: [Sch. 24 para. 4(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/2A) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/4), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23316821]: [Sch. 24 para. 4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/3/4) applied (with modifications) (23.3.1995) by [The Exchange Gains and Losses (Alternative Method of Calculation of Gain or Loss) Regulations 1994 (S.I. 1994/3227)](https://www.legislation.gov.uk/uksi/1994/3227), [regs. 1(2)](https://www.legislation.gov.uk/uksi/1994/3227/regulation/1/2), [6](https://www.legislation.gov.uk/uksi/1994/3227/regulation/6)
[^c23317671]: Words in [Sch. 24 para. 4(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/3/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317341]: [Sch. 24 para. 4(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/3A) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/8)
[^c21639461]: [Sch. 24 para. 4A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4A) inserted (27.7.1993 with effect as mentioned in s. 96(2) of the amending act in relation to any accounting period on or after such day as may be appointed under [s. 165(7)(b)](https://www.legislation.gov.uk/ukpga/1993/34/section/165/7/b) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 96(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/96/1/2), [165(7)(b)](https://www.legislation.gov.uk/ukpga/1993/34/section/165/7/b)
[^c23316861]: [Sch. 24 para. 4A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4A) deemed never to have been inserted, by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 6(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/6/3), [Sch. 29 Pt. 8(18)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/18), Note
[^c23318821]: [Sch. 24 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/5) renumbered as para. 5(1) (with effect in accordance with [Sch. 27 para. 12(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/12/1) of the amending Act) by virtue of [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 10](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/10)
[^c23318801]: [Sch. 24 para. 5(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/5/2) inserted (with effect in accordance with [Sch. 27 para. 12(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/12/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 10](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/10)
[^c23318881]: [Sch. 24 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/6) repealed (with application in accordance with Sch. 33 Pt. 2(10) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/10)
[^c23317791]: [Sch. 24 para. 7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/7) repealed (with effect in accordance with Sch. 3 para. 43(4) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 43(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/43/3), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23826381]: Words in [Sch. 24 para. 8(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/8/b) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23318321]: Words in [Sch. 24 para. 9(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/1) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/3/a), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318471]: Words in [Sch. 24 para. 9(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/1/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/3/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317371]: Words in [Sch. 24 para. 9(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/1/c) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(9)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/9)
[^c23318421]: Words in [Sch. 24 para. 9(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/1/3) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318341]: [Sch. 24 para. 9(2)(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/2/5/6) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(4)(7)(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/4/7/8), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318491]: Words in [Sch. 24 para. 9(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/3) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318541]: [Sch. 24 para. 9(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/6); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318721]: [Sch. 24 para. 9(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/7) added (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(9)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/9); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318741]: Words in [Sch. 24 para. 10(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/10/1) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 21(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/21/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317391]: Words in [Sch. 24 para. 10(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/10/1) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/10)
[^c23318761]: Words in [Sch. 24 para. 10(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/10/1/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 21(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/21/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318901]: Words in [Sch. 24 para. 10(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/10/1) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 66(1)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/66/1/a)
[^c23318921]: Words in [Sch. 24 para. 10(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/10/1) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 66(1)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/66/1/b)
[^c23318941]: Words in [Sch. 24 para. 10(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/10/2) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 66(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/66/2)
[^c23317811]: [Sch. 24 para. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/11) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 22](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/22), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23826441]: [Sch. 24 para. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/11A) repealed (with effect in accordance with Sch. 4 para. 24(2) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 11 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/6), Note
[^c23319101]: Words in cross-heading relating to Sch. 24 para. 11A inserted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by virtue of [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 66(3)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/66/3/a)
[^c23317891]: [Sch. 24 para. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/11A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 6(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/6/4)
[^c23318981]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23319001]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23319011]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23319021]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23319031]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23319041]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23319051]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23826401]: [Sch. 24 para. 20](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/20) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 4](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/4), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23318841]: [Sch. 24](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24) modified (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 54(2)-(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/54/2)
[^c21639451]: Source-1984 Sch. 16, 1985 Sch. 14 16
[^c23318021]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) and cross-heading inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 6(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/6/5)
[^c23318781]: [Sch. 24 para. 20](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/20) and cross-heading inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 24](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/24); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23827181]: [Sch. 25 para. 5(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/5/1A) inserted (with effect in accordance with [Sch. 15 para. 10](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/10) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 15 para. 7(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/7/2)
[^c23322261]: Words in [Sch. 25 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/5/2/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 29](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/29); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23827081]: [Sch. 25 para. 5(3)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/5/3) inserted (with effect in accordance with [s. 201(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/201/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 201(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/201/1)
[^c23322851]: Words in [Sch. 25 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2/b) substituted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/5/2/a)
[^c23322871]: Words in [Sch. 25 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2/b) substituted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 5(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/5/2/b)
[^c23322891]: [Sch. 25 para. 6(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2A) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 5(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/5/3)
[^c23827061]: Word in [Sch. 25 para. 6(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2A) repealed (retrospective to 27.11.2002 with effect in accordance with s. 200(2)(3) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/2/3), [Sch. 43 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/5/2)
[^c23826941]: [Sch. 25 para. 6(2A)(d)-(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2A/d) and words inserted (retrospective to 27.11.2002 with effect in accordance with [s. 200(2)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/2/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/2/3)
[^c23827101]: Words in [Sch. 25 para. 6(2A)(e)(2C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2A/e/2C) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23826961]: [Sch. 25 para. 6(2B)(2C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2B/2C) inserted (retrospective to 27.11.2002 with effect in accordance with [s. 200(2)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/2/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 2(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/2/4)
[^c23322911]: Words in [Sch. 25 para. 6(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/3) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 6(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/6/2)
[^c23322411]: Words in [Sch. 25 para. 6(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/3/b) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/4/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322431]: Words in [Sch. 25 para. 6(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/3/b) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/4/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322951]: [Sch. 25 para. 6(4ZA)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4ZA) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/3)
[^c23322521]: [Sch. 25 para. 6(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4A/4B) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/6); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23323001]: [Sch. 25 para. 6(4AA)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4AA) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/5)
[^c23323081]: [Sch. 25 para. 6(4BB)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4BB) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(7)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/7)
[^c23322541]: [Sch. 25 para. 6(4C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4C) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23826981]: Words in [Sch. 25 para. 6(4C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4C) substituted (retrospective to 27.11.2002 with effect in accordance with [s. 200(2)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/2/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 2(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/2/5)
[^c23322581]: Words in [Sch. 25 para. 6(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/5) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(8)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/8/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23323101]: Words in [Sch. 25 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(8)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/8)
[^c23323131]: [Sch. 25 para. 6(5ZB)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/5ZB) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/9)
[^c23322611]: [Sch. 25 para. 6(5A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/5A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(9)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/9); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23323151]: [Sch. 25 para. 6(5B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/5B) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(10)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/10)
[^c23827201]: Words in [Sch. 25 para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/8/1) inserted (with effect in accordance with [Sch. 15 para. 10](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/10) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 15 para. 7(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/7/3)
[^c23322631]: Words in [Sch. 25 para. 8(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/8/3) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 31(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/31/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23827121]: Words in [Sch. 25 para. 8(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/8/4/a) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23827221]: [Sch. 25 para. 8(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/8/5/6) inserted (with effect in accordance with [Sch. 15 para. 10](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/10) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 15 para. 7(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/7/4)
[^c21639571]: Words in [Sch. 25 para. 9(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/9/1/a) substituted (1.8.1989) by [Copyright, Designs and Patents Act 1988 (c. 48)](https://www.legislation.gov.uk/ukpga/1988/48), [s. 305(3)](https://www.legislation.gov.uk/ukpga/1988/48/section/305/3), [Sch. 7 para. 36(9)](https://www.legislation.gov.uk/ukpga/1988/48/schedule/7/paragraph/36/9); [S.I. 1989/816](https://www.legislation.gov.uk/uksi/1989/816), [art. 2](https://www.legislation.gov.uk/uksi/1989/816/article/2)
[^c21639581]: [Sch. 25 para. 9(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/9/1A) inserted (1.8.1989) by [Copyright, Designs and Patents Act 1988 (c. 48)](https://www.legislation.gov.uk/ukpga/1988/48), [s. 305(3)](https://www.legislation.gov.uk/ukpga/1988/48/section/305/3), [Sch. 7 para. 36(9)](https://www.legislation.gov.uk/ukpga/1988/48/schedule/7/paragraph/36/9); [S.I. 1989/816](https://www.legislation.gov.uk/uksi/1989/816), [art. 2](https://www.legislation.gov.uk/uksi/1989/816/article/2)
[^c23322651]: [Sch. 25 para. 9(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/9/1A) substituted (with effect in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 112(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/2)
[^c23322671]: Word in [Sch. 25 para. 9(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/9/3) substituted (with effect in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 112(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/4/a)
[^c23323191]: Words in [Sch. 25 para. 11(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/1) substituted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 8(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/8/2/a)
[^c23322691]: [Sch. 25 para. 11(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/1/c) substituted (with effect in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 112(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/3)
[^c23323231]: Word preceding Sch. 25 para. 11(1)(g) repealed (with effect in accordance with Sch. 31 para. 9(4) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 8(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/8/2/b), [Sch. 40 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/14), Note
[^c23323381]: [Sch. 25 para. 11(1)(g)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/1/g) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2000/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 51(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/51/2)
[^c23323211]: [Sch. 25 para. 11(1)(h)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/1/h) and preceding word added (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 8(2)(c)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/8/2/c)
[^c23323401]: [Sch. 25 para. 11(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/1A) inserted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2000/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 51(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/51/3)
[^c23322711]: Word in [s. 11(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/11/3) substituted (with effect in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 112(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/4/b)
[^c23827001]: [Sch. 25 para. 11(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/3/a) substituted (retrospective to 27.11.2002 with effect in accordance with [s. 200(2)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/2/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 3(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/3/2)
[^c23827021]: [Sch. 25 para. 11(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/3/c) and preceding word added (retrospective to 27.11.2002 with effect in accordance with [s. 200(2)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/2/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 3(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/3/3)
[^c23827141]: Words in [Sch. 25 para. 11(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/3/c) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23322731]: Words in [Sch. 25 para. 12(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/12/1) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 32(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/32/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322751]: Words in [Sch. 25 para. 12(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/12/5/a) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 32(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/32/3/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322771]: Words in [Sch. 25 para. 12(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/12/5/a) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 32(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/32/3/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23827971]: [Sch. 25 Pt. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/part/2) modified (21.7.2009) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 16 para. 17](https://www.legislation.gov.uk/ukpga/2009/10/schedule/16/paragraph/17) (with [Sch. 16 paras. 13-16](https://www.legislation.gov.uk/ukpga/2009/10/schedule/16/paragraph/13), [18-20](https://www.legislation.gov.uk/ukpga/2009/10/schedule/16/paragraph/18))
[^c23827241]: [Sch. 25 Pt. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/part/3) (paras. 13-15) repealed (with effect in accordance with Sch. 15 para. 10 of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 15 para. 8(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/8/2), [Sch. 27 Pt. 2(15)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/15), Note
[^c23321991]: Words in [Sch. 25 para. 16(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/16/2/a) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(6)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/6/a)
[^c23322011]: Words in [Sch. 25 para. 16(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/16/2/b) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(6)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/6/b)
[^c23322041]: [Sch. 25](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25) heading substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 25](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/25); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23828051]: [Sch. 25 Pts. 2A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/part/2A), [2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/part/2B) (paras. 12B-12N) inserted (with effect in accordance with [Sch. 12 para. 14(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/14/2) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 12 para. 3](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/3)
[^c23828071]: [Sch. 25 Pt. 3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/part/3A) (paras. 15A-15G) inserted (with effect in accordance with [Sch. 12 para. 14(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/14/2) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 12 para. 8](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/8)
[^c23319251]: [Sch. 26 para. 1(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/1/c) and preceding word repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 34(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/34/2/a), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319271]: Words in [Sch. 26 para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/1) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 34(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/34/2/b), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319231]: Words in [Sch. 26 para. 1(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/2/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 34(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/34/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23828091]: [Sch. 26 para. 1(3)(cc)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/3/cc) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 38(2)
[^c23319211]: Word at the end of Sch. 26 para. 1(3)(d) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c23319191]: [Sch. 26 para. 1(3)(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/3/f) and preceding word inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 53](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/53) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23319291]: [Sch. 26 para. 1(4)(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/4/6) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 34(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/34/4/5), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21639601]: Source—1984 Sch.18.
[^c23319341]: [Sch. 26 para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/2) repealed (with effect in accordance with Sch. 3 para. 44(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 44(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/44/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note (with Sch. 3 para. 44(4))
[^c23319361]: [Sch. 26 para. 3(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3/1/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 35(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/35/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319381]: Words in [Sch. 26 para. 3(1)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3/1/b/c) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 35(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/35/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319411]: Words in [Sch. 26 para. 3(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3/1/d) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 35(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/35/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21639621]: Words in [Sch. 26 para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(62)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/62) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23319441]: Words in [Sch. 26 para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3/3) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 35(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/35/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319461]: Words in [Sch. 26 para. 3(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 35(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/35/6); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319481]: [Sch. 26 para. 3(6A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3/6A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 35(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/35/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319501]: [Sch. 26 para. 4(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/4/1/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 36(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/36/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319521]: Words in [Sch. 26 para. 4(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/4/1/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 36(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/36/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319541]: Words in [Sch. 26 para. 4(2)(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/4/2/5/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 36(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/36/4/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23831011]: [Sch. 28A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A) heading substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(11)
[^c23835841]: [Sch. 28B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 240](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/240), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23838041]: [Sch. 29 paras. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/2) repealed by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s. 164](https://www.legislation.gov.uk/ukpga/1990/1/section/164), [Sch. 2](https://www.legislation.gov.uk/ukpga/1990/1/schedule/2)
[^c23838141]: [Sch. 29 para. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/4) repealed (with effect in accordance with s. 90 of the repealing Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 19 Pt. 5](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/5), Note 2
[^c23837361]: [Sch. 29 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/5) repealed by [Copyright, Designs and Patents Act 1988 (c. 48)](https://www.legislation.gov.uk/ukpga/1988/48), [Sch. 8](https://www.legislation.gov.uk/ukpga/1988/48/schedule/8); [S.I. 1989/816](https://www.legislation.gov.uk/uksi/1989/816)
[^c23835881]: [Sch. 29 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/6) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23837371]: [Sch. 29 para. 7(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/7/1/3) repealed (1988-89 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Pt. 4](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14/part/4), Note 9
[^c21639901]: Words in [Sch. 29 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/8) substituted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [13](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/13)
[^c22809691]: Words in [Sch. 29 para. 10(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/10/3) repealed (with effect in accordance with Sch. 27 Pt. 3(28) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28)
[^c21639921]: [Sch. 29 para. 10(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/10/4/b) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c22809701]: [Sch. 29 para. 10(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/10/7) repealed (with effect in accordance with Sch. 27 Pt. 3(28) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28)
[^c21639931]: [Sch. 29 para. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/11) repealed (1.1.1994) by [Friendly Societies Act 1992 (c. 40)](https://www.legislation.gov.uk/ukpga/1992/40), [s. 120(2)](https://www.legislation.gov.uk/ukpga/1992/40/section/120/2), [Sch. 22 Pt. I](https://www.legislation.gov.uk/ukpga/1992/40/schedule/22/part/I) (with [ss. 7(5)](https://www.legislation.gov.uk/ukpga/1992/40/section/7/5), [93(4)](https://www.legislation.gov.uk/ukpga/1992/40/section/93/4)); [S.I. 1993/2213](https://www.legislation.gov.uk/uksi/1993/2213), [art. 2(1)](https://www.legislation.gov.uk/uksi/1993/2213/article/2/1), [Sch.6](https://www.legislation.gov.uk/uksi/1993/2213/schedule/6) Appendix
[^c21639941]: [Sch. 29 para. 12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/12) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21639971]: [Sch. 29 para. 14](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/14) repealed (1.7.1992) by [Social Security (Consequential Provisions) (Northern Ireland) Act 1992 (c. 9)](https://www.legislation.gov.uk/ukpga/1992/9), [ss. 3](https://www.legislation.gov.uk/ukpga/1992/9/section/3), [7(2)](https://www.legislation.gov.uk/ukpga/1992/9/section/7/2), [Sch.1](https://www.legislation.gov.uk/ukpga/1992/9/schedule/1) (with [Sch. 3 paras. 2](https://www.legislation.gov.uk/ukpga/1992/9/schedule/3/paragraph/2), [4](https://www.legislation.gov.uk/ukpga/1992/9/schedule/3/paragraph/4))
[^c21639981]: [Sch. 29 para. 15](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/15) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21639991]: [Sch. 29 para. 16](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/16) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640001]: [Sch. 29 para. 17](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/17) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640011]: [Sch. 29 para. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/18) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640021]: [Sch. 29 para. 19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/19) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640031]: [Sch. 29 para. 20](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/20) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640041]: [Sch. 29 para. 21](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/21) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640051]: [Sch. 29 para. 22](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/22) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640061]: [Sch. 29 para. 23](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/23) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640071]: [Sch. 29 para. 24](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/24) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640081]: [Sch. 29 para. 25](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/25) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640091]: [Sch. 29 para. 26](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/26) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640101]: [Sch. 29 para. 27](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/27) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640111]: [Sch. 29 para. 28](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/28) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c22809711]: Entry in Sch. 29 para. 32 repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c21642601]: Entry in Sch. 29 para. 32 Table repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 81](https://www.legislation.gov.uk/ukpga/1991/31/section/81), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 1
[^c22809721]: Entries in Sch. 29 para. 32 repealed (with effect in accordance with Sch. 18 para. 17 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/8), Note
[^c21642651]: Entries in Sch. 29 para. 32 repealed (6.3.1992 with effect as mentioned in s. 289(1)(2) of the repealing Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [172](https://www.legislation.gov.uk/ukpga/1992/12/section/172), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27)).
[^c21642831]: Entry in Sch. 29 para. 32 repealed (1.7.1992) by [Social Security (Consequential Provisions) Act 1992 (c. 6)](https://www.legislation.gov.uk/ukpga/1992/6), [ss. 3](https://www.legislation.gov.uk/ukpga/1992/6/section/3), [7(2)](https://www.legislation.gov.uk/ukpga/1992/6/section/7/2), [Sch. 1](https://www.legislation.gov.uk/ukpga/1992/6/schedule/1) and by [Social Security (Consequential Provisions) (Northern Ireland) Act 1992 (c. 9)](https://www.legislation.gov.uk/ukpga/1992/9), [ss. 3](https://www.legislation.gov.uk/ukpga/1992/9/section/3), [7(2)](https://www.legislation.gov.uk/ukpga/1992/9/section/7/2), [Sch. 1](https://www.legislation.gov.uk/ukpga/1992/9/schedule/1)
[^c23835901]: [Sch. 29 para. 32](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/32) Table: entries repealed (25.7.2003 for specified purposes, 29.12.2003 for further specified purposes) by [Communications Act 2003 (c. 21)](https://www.legislation.gov.uk/ukpga/2003/21), [ss. 406(7)](https://www.legislation.gov.uk/ukpga/2003/21/section/406/7), [411](https://www.legislation.gov.uk/ukpga/2003/21/section/411), [Sch. 19(1)](https://www.legislation.gov.uk/ukpga/2003/21/schedule/19/1),(with transitional provisions in Sch. 18); [S.I. 2003/1900](https://www.legislation.gov.uk/uksi/2003/1900), [art. 1(2)](https://www.legislation.gov.uk/uksi/2003/1900/article/1/2), [2(1)](https://www.legislation.gov.uk/uksi/2003/1900/article/2/1), [3(1)](https://www.legislation.gov.uk/uksi/2003/1900/article/3/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/1900/schedule/1) (with [art. 3(2)](https://www.legislation.gov.uk/uksi/2003/1900/article/3/2) (as amended ([8](https://www.legislation.gov.uk/uksi/2003/1900/article/8).[12](https://www.legislation.gov.uk/uksi/2003/1900/article/12).[2003](https://www.legislation.gov.uk/uksi/2003/1900/article/2003)) by [S.I. 2003/3142](https://www.legislation.gov.uk/uksi/2003/3142), [art. 1(3)](https://www.legislation.gov.uk/uksi/2003/3142/article/1/3))); [S.I. 2003/3142](https://www.legislation.gov.uk/uksi/2003/3142), [art. 3(2)](https://www.legislation.gov.uk/uksi/2003/3142/article/3/2) (with [art. 11](https://www.legislation.gov.uk/uksi/2003/3142/article/11))
[^c23835981]: [Sch. 29 para. 32](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/32) Table: entries repealed (15.9.2003) by [Enterprise Act 2002 (c. 40)](https://www.legislation.gov.uk/ukpga/2002/40), [s. 279](https://www.legislation.gov.uk/ukpga/2002/40/section/279), [Sch. 26](https://www.legislation.gov.uk/ukpga/2002/40/schedule/26): [S.I. 2003/2093](https://www.legislation.gov.uk/uksi/2003/2093), [art. 2(1)](https://www.legislation.gov.uk/uksi/2003/2093/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/2093/schedule/1) (with [art. 4](https://www.legislation.gov.uk/uksi/2003/2093/article/4))
[^c21643261]: Entry in Sch. 29 para. 32 repealed (1.7.1992) by [Social Security (Consequential Provisions) Act 1992 (c. 6)](https://www.legislation.gov.uk/ukpga/1992/6), [ss. 3](https://www.legislation.gov.uk/ukpga/1992/6/section/3), [7(2)](https://www.legislation.gov.uk/ukpga/1992/6/section/7/2), [Sch. 1](https://www.legislation.gov.uk/ukpga/1992/6/schedule/1)
[^c21643301]: Entry in Sch. 29 para. 32 repealed (1.7.1992) by [Social Security (Consequential Provisions) (Northern Ireland) Act 1992 (c. 9)](https://www.legislation.gov.uk/ukpga/1992/9), [ss. 3](https://www.legislation.gov.uk/ukpga/1992/9/section/3), [7(2)](https://www.legislation.gov.uk/ukpga/1992/9/section/7/2), [Sch. 1](https://www.legislation.gov.uk/ukpga/1992/9/schedule/1)
[^c22809731]: [Sch. 30 paras. 10-12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/10) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c22809741]: [Sch. 30 paras. 10-12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/10) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c22809751]: [Sch. 30 paras. 10-12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/10) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c23836281]: [Sch. 30 paras. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/18), [18A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/18A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 352(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/352/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23836301]: [Sch. 30 paras. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/18), [18A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/18A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 352(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/352/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21818231]: [Sch. 30 para. 18A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/18A) inserted by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s. 164](https://www.legislation.gov.uk/ukpga/1990/1/section/164), [Sch. 1 para. 8(43)](https://www.legislation.gov.uk/ukpga/1990/1/schedule/1/paragraph/8/43)
[^c23377111]: [Sch. A2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/A2) inserted (with effect in accordance with [s. 28(4)(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/28/4/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 28(2)(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/28/2/6), [Sch. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/3)
[^c22747341]: [Sch. 4A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4A) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 71(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/71/2), [Sch. 24 para. 1](https://www.legislation.gov.uk/ukpga/2001/9/schedule/24/paragraph/1)
[^c22746961]: [Sch. 5AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA) inserted (with effect in accordance with [s. 80(6)(7)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/6/7) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 80(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/2), [Sch. 11](https://www.legislation.gov.uk/ukpga/1997/16/schedule/11)
[^c22746191]: [Sch. 5A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5A) inserted (with effect in accordance with [s. 85(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/85/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 85(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/85/2), [Sch. 19](https://www.legislation.gov.uk/ukpga/1995/4/schedule/19)
[^c22747251]: [Sch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7A) inserted (with effect in accordance with [s. 57(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 57(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/1), [Sch. 10 para. 5(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/10/paragraph/5/2)
[^c22747091]: [Sch. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11) substituted (with effect in accordance with [s. 58(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/58/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 58(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/58/2), [Sch. 9 Pt. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/9/part/1)
[^c22747351]: [Sch. 12AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12AA) inserted (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 57(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/2), [Sch. 12 Pt. 1](https://www.legislation.gov.uk/ukpga/2001/9/schedule/12/part/1)
[^c22747141]: [Sch. 12A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A) inserted (with effect in accordance with [s. 61(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/61/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 61(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/61/2), [Sch. 10](https://www.legislation.gov.uk/ukpga/1998/36/schedule/10)
[^c22747001]: [Sch. 13A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A) inserted (with effect in accordance with [Sch. 25 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/25/paragraph/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 139](https://www.legislation.gov.uk/ukpga/1996/8/section/139), [Sch. 25 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/25/paragraph/2)
[^c22747231]: [Sch. 13B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B) inserted (with effect in accordance with [s. 30(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/30/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 30(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/30/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/1999/16/schedule/3)
[^c22734791]: [Sch. 15A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 12 para. 6(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/12/paragraph/6/2)
[^c22746341]: [Sch. 15B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B) inserted (with effect in accordance with [s. 71(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/71/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 71(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/71/2), [Sch. 15](https://www.legislation.gov.uk/ukpga/1995/4/schedule/15)
[^c22768001]: [Sch. 17A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/17A) inserted (with effect in accordance with [s. 100(4)](https://www.legislation.gov.uk/ukpga/1990/29/section/100/4) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 100(3)](https://www.legislation.gov.uk/ukpga/1990/29/section/100/3), [Sch. 15](https://www.legislation.gov.uk/ukpga/1990/29/schedule/15); [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/b)
[^c23377151]: [Sch. 19B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 286(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/286/3), [Sch. 38](https://www.legislation.gov.uk/ukpga/2004/12/schedule/38)
[^c22747271]: [Sch. 23ZA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23ZA) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 61](https://www.legislation.gov.uk/ukpga/2000/17/section/61), [Sch. 13 para. 27](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/27) (with [Sch. 13 paras. 28](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/28), [29](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/29))
[^c22746361]: [Sch. 28B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 70(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/70/2), [Sch. 14](https://www.legislation.gov.uk/ukpga/1995/4/schedule/14)
[^c21568171]: [S. 6](https://www.legislation.gov.uk/ukpga/1988/1/section/6) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 1(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/1/2), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21568181]: Table K Vol.1.*See*—[Trustee Savings Bank Act 1985 (c.58)](https://www.legislation.gov.uk/ukpga/1985/58) s.5*and* Sch.2 para.6(2).1990(C) s.92—*balancing charge on a person liable to corporation tax in respect of dwelling houses let on assured tenancies to be made under* Sch.A.
[^c21568191]: Source—1970 s.238
[^c21568201]: *See* 1988(F) s.148*and* Sch.14 Part V*for repeals which will take place from* 6*April* 1993.
[^c21819241]: Words in [s. 6(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/6/4) repealed (with effect in accordance with Sch. 8 Pt. 2(4) Note of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 52](https://www.legislation.gov.uk/ukpga/1997/58/section/52), [Sch. 8](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8)
[^c21819261]: Words in [s. 6(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/6/4) repealed (with application in accordance with Sch. 33 Pt. 2(10) Note of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 110](https://www.legislation.gov.uk/ukpga/2001/9/section/110), [Sch. 33](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33)
[^c21568221]: *See*—1970(M) s.94—*set off to be disregarded in computing penalty for failure to deliver a return.*1990 ss.98*and* 132*and* Sch.19 Part V*for changes in relation to income tax falling to be set off against corporation tax for accounting periods ending after the appointed day* (*see* 1988 s.10).
[^c21819281]: [S. 7(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/7/2) applied (with modifications) (with effect in accordance with s. 105(1) of the applying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 91(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/91/2) (with [Schs. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10), [11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11), [15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21568231]: Source—1982 s.26(7)
[^c21568241]: Source—1970 s.240(7)
[^c21819291]: Words in [s. 7(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/7/2) repealed (with effect as mentioned in Sch. 27 Pt. 3(28) Note of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28)
[^c22720351]: [S. 7(5)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/7/5) repealed (with effect as mentioned in Sch. 27 Pt. 3(28) Note of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28)
[^c23346541]: [S. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/7/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 5](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/5), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23347941]: [S. 7(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/7/2) excluded (1.9.2009) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69Z57](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z57) (as inserted by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2009 (S.I. 2009/2036)](https://www.legislation.gov.uk/uksi/2009/2036), [regs. 1](https://www.legislation.gov.uk/uksi/2009/2036/regulation/1), [24](https://www.legislation.gov.uk/uksi/2009/2036/regulation/24))
[^c21568301]: Source—1970 s.243 (1)-(3), (5)-(7); 1974 s.36; 1987(No. 2) s.90(1)(a)
[^c21568311]: [S. 8(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/8/3): the day appointed for the purposes of s. 8(3) is 30.9.1993 by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/b).
[^c21568321]: [S. 8(4)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/8/4) repealed (27.7.1993 with application in relation to resolutions passed after the day on which [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34) is passed) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 205(7)](https://www.legislation.gov.uk/ukpga/1993/34/section/205/7), [206(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/206/1), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.VI](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/VI)
[^c21568361]: Source—1970 s.250
[^c23332731]: [S. 9(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/3/a/b) substituted for words in s. 9(3) (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 4(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/4/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23332751]: Words in [s. 9(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/3) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 4(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/4/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23333931]: Words in [s. 9(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 7(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/7/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333951]: Words in [s. 9(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 7(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/7/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333871]: Words in [s. 9(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/3/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 7(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/7/3/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333971]: Words in [s. 9(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 7(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/7/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23346571]: Words in [s. 9(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/2) renumbered as s. 9(2)(a) (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by virtue of [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 6(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/6/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23346711]: [S. 9(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/2/b) and preceding word inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/6/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23347211]: Words in [s. 9(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/4) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 6(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/6/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23347231]: Words in [s. 9(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/6) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 6(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/6/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21568511]: *See*—1970(M) s.94(2)—*set off to be disregarded in computing penalty for failure to make a return.*1990 ss.98*and* 132*and* Sch.19 Part V*for changes in relation to income tax falling to be set off against corporation tax for accounting periods ending after the appointed day* (*see* 1988 s.10).
[^c21819641]: [S. 11(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/11/3) applied (with modifications) (with effect in accordance with s. 105(1) of the applying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 91(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/91/2) (with [Schs. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10), [11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11), [15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21568521]: Words in [s. 11(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/11/3) repealed (27.7.1993 with effect in accordance with [s. 103](https://www.legislation.gov.uk/ukpga/1993/34/section/103) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103](https://www.legislation.gov.uk/ukpga/1993/34/section/103), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III)
[^c21568531]: SOURCE-1982 s. 26(7)
[^c21819671]: Words in [s. 11(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/11/3) repealed (with effect as mentioned in Sch. 27 Pt. 3(28) Note of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28)
[^c21568541]: SOURCE-1970 s. 247; 1972 s. 107(1)
[^c21568551]: [1986 c. 45](https://www.legislation.gov.uk/ukpga/1986/45).
[^c21797311]: [S. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) modified (with effect in accordance with reg. 1 of the amending S.I.) by [The Friendly Societies (Taxation of Transfers of Business) Regulations 1995 (S.I. 1995/171)](https://www.legislation.gov.uk/uksi/1995/171), [reg. 4(2)(b)](https://www.legislation.gov.uk/uksi/1995/171/regulation/4/2/b)
[^c21797591]: [S. 12(1)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/1) excluded (28.4.1997) by The Open-ended Investment Companies (Tax) Regulations 1997 (SI 1997/1154), {reg. 25(2)}
[^c21797511]: Words in [s. 12(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/5) inserted (with effect as mentioned in [Sch. 24 para. 11(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/11/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 24 para. 11(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/11/2/a)
[^c21797531]: Words in [s. 12(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/5) substituted (with effect as mentioned in [Sch. 4 para. 11(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/4/paragraph/11/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 24 para. 11(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/11/2/b)
[^c21797571]: [S. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) modified (19.3.1997) by [S.I. 1995/171](https://www.legislation.gov.uk/uksi/1995/171), [reg. 4A](https://www.legislation.gov.uk/uksi/1995/171/regulation/4A) (as inserted by [The Friendly Societies (Taxation of Transfers of Business) (Amendment) Regulations 1997 (S.I. 1997/472)](https://www.legislation.gov.uk/uksi/1997/472), [reg. 4](https://www.legislation.gov.uk/uksi/1997/472/regulation/4))
[^c21797611]: [S. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) modified (with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 4](https://www.legislation.gov.uk/uksi/1997/473/regulation/4) (as amended by [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [art. 154](https://www.legislation.gov.uk/uksi/2001/3629/article/154)); and that modifying reg. 4 is omitted (8.4.2004 with effect in accordance with reg. 1 of the revoking S.I.) by virtue of [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 5](https://www.legislation.gov.uk/uksi/2004/822/regulation/5)
[^c21797631]: Words in [s. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) substituted (with effect in accordance with art. 14(4) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 14(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/14/2)
[^c23332921]: [S. 12(3)(da)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/3/da) inserted (with effect in accordance with [Sch. 41 para. 5(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/5/1) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 41 para. 1(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/1/2)
[^c23332961]: Words in [s. 12(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7) inserted (with effect in accordance with [Sch. 41 para. 5(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/5/1) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 41 para. 1(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/1/4)
[^c23333001]: Words in [s. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) substituted (with effect in accordance with [Sch. 41 para. 5(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/5/1) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 41 para. 1(6)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/1/6)
[^c23334381]: [S. 12(1)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/1) excluded (1.4.2006 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/964/regulation/1/1), [79(2)](https://www.legislation.gov.uk/uksi/2006/964/regulation/79/2)
[^c23333991]: Words in [s. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) inserted (with effect in accordance with [Sch. 9 para. 20(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 20(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/2)
[^c21568671]: [S. 13](https://www.legislation.gov.uk/ukpga/1988/1/section/13) modified (for the financial year 1991 and subsequent financial years) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 25(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/25/3) [S. 13](https://www.legislation.gov.uk/ukpga/1988/1/section/13) modified (for the financial year 1994 and subsequent financial years) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 86(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/86/3)
[^c21568681]: SOURCE-1972 s. 95; 1973 Sch. 14 2, 4; 1983 (No. 2) s. 2(2); 1987 (No. 2) s. 74(4)
[^c21568691]: 1989 s.105(1)*in relation to accounting periods beginning after* 31*March* 1989.*Previously* “a company resident in the United Kingdom”.
[^c21568701]: *For rates and fractions see* Table K Vol.1.
[^c21568711]: [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) amended (for the financial year 1990) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 23(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/23/2)
[^c21568721]: [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) amended (for the financial year 1991) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 25(1)(b)](https://www.legislation.gov.uk/ukpga/1991/31/section/25/1/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) amended (for the financial year 1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 22(b)](https://www.legislation.gov.uk/ukpga/1992/48/section/22/b). [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 54(b)](https://www.legislation.gov.uk/ukpga/1993/34/section/54/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 86(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/86/1/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1995) by Finance Act 1995 (c. 4,) {s. 38(b)} [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 78(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/78/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 59(b)](https://www.legislation.gov.uk/ukpga/1997/16/section/59/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 28(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/28/2/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1999) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 29(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/29/2/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 36(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/36/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 55(b)](https://www.legislation.gov.uk/ukpga/2001/9/section/55/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 31(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/31/b)
[^c21568771]: [S. 13(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/7) amended (27.7.1993 with application as mentioned in s. 78(11) of the Amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 78(6)(11)](https://www.legislation.gov.uk/ukpga/1993/34/section/78/6/11)
[^c21834881]: Words in [s. 13(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/3) substituted (with effect in accordance with [s. 86(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/86/3) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 86(2)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/86/2/a)
[^c21834911]: Words in [s. 13(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/3) substituted (with effect in accordance with [s. 86(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/86/3) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 86(2)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/86/2/b)
[^c21845781]: [S. 13(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/4/5) applied (with effect in accordance with s. 579 of the affecting Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 99(5)](https://www.legislation.gov.uk/ukpga/2001/2/section/99/5) (with [Sch. 3 paras. 54](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/54), [55](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/55)) [S. 13(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/4/5) applied (with effect in accordance with Sch. 14 para. 10 of the 1997 affecting Act) by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s. 38D(6)](https://www.legislation.gov.uk/ukpga/1990/1/section/38D/6) (as inserted by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 84](https://www.legislation.gov.uk/ukpga/1997/16/section/84), [Sch. 14 para. 2](https://www.legislation.gov.uk/ukpga/1997/16/schedule/14/paragraph/2))
[^c21835911]: Words in [s. 13(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/7) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 138](https://www.legislation.gov.uk/ukpga/1994/9/section/138), [Sch. 16 para. 11(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/11/2)
[^c21842921]: [S. 13(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/8A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 138](https://www.legislation.gov.uk/ukpga/1994/9/section/138), [Sch. 16 para. 11(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/11/3)
[^c21845791]: Words in [s. 13](https://www.legislation.gov.uk/ukpga/1988/1/section/13) (7) repealed (with effect in accordance with [Sch. 6 para. 1(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/1/4) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [ss. 36](https://www.legislation.gov.uk/ukpga/1997/58/section/36), [52](https://www.legislation.gov.uk/ukpga/1997/58/section/52), [Sch. 6](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6). para. 1(2), Sch. 8 Pt. 2(11) Note
[^c21847281]: [S. 13(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/8A) repealed (with effect in accordance with [Sch. 6 para. 1(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/1/4) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [ss. 36](https://www.legislation.gov.uk/ukpga/1997/58/section/36), [52](https://www.legislation.gov.uk/ukpga/1997/58/section/52), [Sch. 6](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6). para. 1(3), Sch. 8 Pt. 2(11) Note
[^c21847351]: Words in [s. 13(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/7) substituted (with effect in accordance with [Sch. 3 para. 7(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/7/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 31](https://www.legislation.gov.uk/ukpga/1998/36/section/31), [Sch. 3 para. 7(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/7/2)
[^c21847421]: [S. 13(8AA)(8AB)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/8AA/8AB) inserted (with effect in accordance with [Sch. 3 para. 7(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/7/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 31](https://www.legislation.gov.uk/ukpga/1998/36/section/31), [Sch. 3 para. 7(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/7/3)
[^c22720361]: [S. 13](https://www.legislation.gov.uk/ukpga/1988/1/section/13) applied (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 28(7)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/28/7/b)
[^c21847461]: [S. 13(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/9) repealed (with effect in accordance with Sch. 20 Pt. 3(2) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 139](https://www.legislation.gov.uk/ukpga/1999/16/section/139), [Sch. 20 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/2)
[^c23334421]: [S. 13](https://www.legislation.gov.uk/ukpga/1988/1/section/13) applied (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 26(10)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/10)
[^c21853121]: Words in [s. 13(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/7/a) repealed (with application in accordance with s. 86(6) and Sch. 33 Pt. 2(11) Note of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 86(2)(a)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/2/a), [Sch. 33 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/11)
[^c21853141]: Words in [s. 13(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/7/b) substituted (with application in accordance with [s. 86(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 86(2)(b)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/2/b)
[^c21853161]: [S. 13(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/7A) inserted (with application in accordance with [s. 86(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 86(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/3)
[^c21853181]: [S. 13(8AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/8AA) substituted (with application in accordance with [s. 86(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 86(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/4)
[^c23334071]: Words in [s. 13A(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/13A/2/b/ii) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [48(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/48/b)
[^c23334031]: Words in [s. 13A(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/13A/2/b/ii) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [48(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/48/a)
[^c23347441]: [S. 13A](https://www.legislation.gov.uk/ukpga/1988/1/section/13A) applied (1.1.2009) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 14B(3)(a)](https://www.legislation.gov.uk/uksi/2006/964/regulation/14B/3/a) (as inserted by [The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159)](https://www.legislation.gov.uk/uksi/2008/3159), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2008/3159/regulation/1/1), [11](https://www.legislation.gov.uk/uksi/2008/3159/regulation/11) (with [regs. 30](https://www.legislation.gov.uk/uksi/2008/3159/regulation/30), [31](https://www.legislation.gov.uk/uksi/2008/3159/regulation/31)))
[^c23334441]: Words in [s. 13A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/13A/1) repealed (with effect in accordance with s. 26(8)-(11) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 26(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/3), [Sch. 26 Pt. 3(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/1), Note
[^c21568881]: SOURCE-1972 s. 84(4)
[^c21568891]: *For rates see* Table J Vol.1.
[^c21568931]: *See* 1980 s.117*and* Sch.18—*demergers.*
[^c21827291]: [S. 14(1)(3)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/14/1/3) repealed (with effect as mentioned in Sch. 3 para. 8(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 31](https://www.legislation.gov.uk/ukpga/1998/36/section/31), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 3 para. 8(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/8/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2) Note
[^c21828901]: [Ss. 15-17](https://www.legislation.gov.uk/ukpga/1988/1/section/15): Schs. A-C excluded (with effect in accordance with s. 230(3) of the excluding Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 219(2)(b)(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/219/2/b/4) (with [s. 220](https://www.legislation.gov.uk/ukpga/1994/9/section/220))
[^c21568981]: SOURCE-1970(1)–(3)
[^c21568991]: *See*—1970(M) s.19—*information for purposes of* Sch.A*and associated* Sch.D*charges.*1990(C ) s.9(5)—*manner of making allowances and charges.*1990(C) s.67(3)—*allowances in respect of leased assets employed for thermal insulation.*1990(C) s.92—*allowances in respect of dwelling houses let on assured tenancies.*
[^c21569021]: [S. 51(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/51/3) repealed (with effect from 6.4.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s.148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part V](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14), Note 1
[^c22720711]: [S. 15(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1): Sch. A substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/1) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22720721]: [S. 15(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1A) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 2](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/2) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22720741]: [S. 15(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/2) repealed (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4)
[^c22720771]: [S. 15(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1): words in Sch. A para. 2(3) repealed (with effect in accordance with s. 79(3) of, and Sch. 23 to, the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 141](https://www.legislation.gov.uk/ukpga/2002/23/section/141), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10)
[^c22720751]: [S. 15(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1): words in Sch. A para. 2(3) substituted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 83(1)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/1/b), [Sch. 27 para. 2](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/2) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c22720781]: [S. 15(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1): words in Sch. A para. 1(4)(b) repealed (S.) (28.11.2004) by [Abolition of Feudal Tenure etc. (Scotland) Act 2000 (asp 5)](https://www.legislation.gov.uk/asp/2000/5), [ss. 71](https://www.legislation.gov.uk/asp/2000/5/section/71), [77(2)](https://www.legislation.gov.uk/asp/2000/5/section/77/2), [Sch. 12 para. 50(2)](https://www.legislation.gov.uk/asp/2000/5/schedule/12/paragraph/50/2), [Sch. 13 Pt. 1](https://www.legislation.gov.uk/asp/2000/5/schedule/13/part/1); [S.S.I. 2003/456](https://www.legislation.gov.uk/ssi/2003/456), [art. 2](https://www.legislation.gov.uk/ssi/2003/456/article/2)
[^c23334701]: [S. 15(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1): Sch. A para. 2(3) excluded (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 120(3)(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/120/3/4)
[^c23347461]: [S. 15(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1): Sch. A para. 2(3) excluded (6.4.2008) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69Z1(3)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z1/3) (as inserted by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I.2008/705)](https://www.legislation.gov.uk/uksi/2008/705), [regs. 1](https://www.legislation.gov.uk/uksi/2008/705/regulation/1), [5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5))
[^c23334081]: Words in [s. 15(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1A/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 8(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/8/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23334101]: Words in [s. 15(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 8(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/8/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23334121]: [S. 15(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/3A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 8(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/8/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23334141]: Words in [s. 15(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 8(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/8/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21569121]: SOURCE-1970 s. 108(1)
[^c21569131]: *See, as regards exemption, the following provisions of this Act:*—s.320—*Commonwealth Agents—General and official agents etc.*[s.322](https://www.legislation.gov.uk/ukpga/1988/1/section/322)—*certain consular officers and employees.*[s.323](https://www.legislation.gov.uk/ukpga/1988/1/section/323)—*visiting forces and staffs of allied headquarters.*[s.325](https://www.legislation.gov.uk/ukpga/1988/1/section/325)—*certain savings bank interest.*[s.326](https://www.legislation.gov.uk/ukpga/1988/1/section/326)—*sums payable under certified contractual saving schemes.*[s.327](https://www.legislation.gov.uk/ukpga/1988/1/section/327)—*interest on damages for personal injuries.*[s.328](https://www.legislation.gov.uk/ukpga/1988/1/section/328)—*funds in court.*[s.330](https://www.legislation.gov.uk/ukpga/1988/1/section/330)—*German annuities in compensation for National Socialist persecution.*[s.438](https://www.legislation.gov.uk/ukpga/1988/1/section/438)—*annuity funds of insurance companies doing pension business.*[s.459](https://www.legislation.gov.uk/ukpga/1988/1/section/459)*to* 461—*certain friendly societies.*[s.467](https://www.legislation.gov.uk/ukpga/1988/1/section/467)—*certain trade unions*[s.476](https://www.legislation.gov.uk/ukpga/1988/1/section/476)—*certain dividends and interest payable by building societies* (*Repealed by* 1990 s.30*and* Sch.5 para.2*for* 1991-92*and subsequent years.*).s.484—*savings banks.*[s.505](https://www.legislation.gov.uk/ukpga/1988/1/section/505)*and* 506—*charities.*[s.507](https://www.legislation.gov.uk/ukpga/1988/1/section/507)—*British Museum.*[s.508](https://www.legislation.gov.uk/ukpga/1988/1/section/508)—*scientific research associations.*[s.510](https://www.legislation.gov.uk/ukpga/1988/1/section/510)—*agricultural societies.*[s.514](https://www.legislation.gov.uk/ukpga/1988/1/section/514)—*funds for reducing National Debt.*[s.517](https://www.legislation.gov.uk/ukpga/1988/1/section/517)—*issue departments of Reserve Bank of India and State Bank of Pakistan.*[s.519](https://www.legislation.gov.uk/ukpga/1988/1/section/519)—*local authorities.*[s.578](https://www.legislation.gov.uk/ukpga/1988/1/section/578)—*housing grants.*[s.581](https://www.legislation.gov.uk/ukpga/1988/1/section/581)—*interest on certain local authority borrowing in foreign currency.*[s.613(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/613/4)—*Parliamentary pension funds.*[s.614](https://www.legislation.gov.uk/ukpga/1988/1/section/614)—*national insurance supplementary schemes etc; and certain Indian family pension funds.*[s.614(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/614/3)—*certain pension funds for Crown service abroad.*[s.614](https://www.legislation.gov.uk/ukpga/1988/1/section/614)*and* 615—*certain pension funds for overseas employees.*[s.620(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/620/5)*and* (6)—*approved retirement annuity trust schemes.*[s.656](https://www.legislation.gov.uk/ukpga/1988/1/section/656)*and* 657—*certain purchased life annuities.*[s.688](https://www.legislation.gov.uk/ukpga/1988/1/section/688)—*certain interest received by trustees of schemes for directors and employees to acquire shares.* *See also*—1989 s.43*for periods of account ending after* 5*April* 1989*involving emoluments.*Income Tax (Repayment of Post-War Credits) Act 1959 s.2(4) (*see* Part II Vol.5)—*interest on post-war credits.*[Diplomatic Privileges Act 1964 (c.81)](https://www.legislation.gov.uk/ukpga/1964/81).[Commonwealth Secretariat Act 1966 (c.10)](https://www.legislation.gov.uk/ukpga/1966/10), [s.1(2)](https://www.legislation.gov.uk/ukpga/1966/10/section/1/2)*and* Sch. Part I para.3—*the Commonwealth Secretariat.*[International Organisations Act 1968 (c.48)](https://www.legislation.gov.uk/ukpga/1968/48)—*certain international organisations and persons connected therewith.*Double taxation agreements (listed in Part III Vol.5)*in force under* ss.788-799*of this Act as to certain persons resident abroad.*
[^c21569141]: *See* 1970(M) Part VIII*as to charges on non-residents.*
[^c21569161]: SOURCE-1970 s. 109(1), (2)
[^c21569171]: *See*—1988 s.79A(4)—*charge on contributor to training and enterprise councils and local enterprise companies who receives benefits in return.*[S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1987 No.530](https://www.legislation.gov.uk/ukcm/1987/530) (*in* Part III Vol.5) regn.8—*computation of profits and gains in respect of payments attributable to non-resident entertainers and sportsmen.*
[^c21569181]: *See*—1989 s.94*and* Sch.11 para.5—*deep gain securities transferred on or after* 14*March* 1989.S.I. [1986 No. 1948](https://www.legislation.gov.uk/ukcm/1986/1948) (*in* Part III Vol.5) regn.8(2)(d)—*interest on cash deposits which are plan investments under personal equity plans.*1990 s.56*and* Sch.10 para.12(4)—*treatment of chargeable events in relation to convertible securities.*[Housing Act 1957 (c.56)](https://www.legislation.gov.uk/ukpga/1957/56) Sch.8 para.4*and* [Housing (Scotland) Act 1966 (c.49)](https://www.legislation.gov.uk/ukpga/1966/49) Sch.7 para.4—*interest on certain small holdings of housing bonds.*[Housing Subsidies Act 1967 (c.29)](https://www.legislation.gov.uk/ukpga/1967/29) s.24(2)(c) (*reproduced in* Part II Vol.5)—*payment received by lender from Minister in respect of subsidised loan.*
[^c21569191]: *See*—1989 s.94*and* Sch.11 para.5—*deep gain securities transferred on or after* 14*March* 1989.1990 s.56*and* Sch.10 paras.12(4)*and* 20—*treatment of chargeable events in relation to income received in the U.K. from convertible securities.*
[^c21569201]: *See also*—1990 ss.9(5)*and* 15—*certain balancing charges on lessors and others in respect of industrial buildings, machinery, etc.*1970(M) s.30—*recovery of overpayment of tax, etc.*1988 s.79A(4)—*charge on contributor to training and enterprise councils and local enterprise companies who receives benefit in return.*1989 ss.68, 71—*charge on certain profits or gains of employee share ownership trusts.*1990(C) s.92(2)—*balancing charge in respect of dwelling houses let on assured tenancies.*[S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1956 No.1230](https://www.legislation.gov.uk/ukcm/1956/1230) (*in* Part III Vol. 5) regns. 4*and* 15—*additional liabilities in respect of purchased life annuities in certain contingencies.*[S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1989 No.469](https://www.legislation.gov.uk/ukcm/1989/469) (*in* Part III Vol. 5) regn.22(3)—*assessments to recover tax in respect of income under personal equity plans.*
[^c21569211]: [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case I extended (with effect for the year 1992-93 and subsequent years of assessment) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 171(2)(a)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/171/2/a/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case I restricted (with effect for the year 1992-93 and subsequent years of assessment) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 171(2)(b)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/171/2/b/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case 1 extended (with application in accordance with s. 219(4) of the extending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 219(2)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/219/2/a) (with [s. 220](https://www.legislation.gov.uk/ukpga/1994/9/section/220)) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case I modified (29.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [ss. 135](https://www.legislation.gov.uk/ukpga/1996/55/section/135), [149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 19](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/19) (with [s. 43(6)](https://www.legislation.gov.uk/ukpga/1996/55/section/43/6)) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Cases I, II, VI extended (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 47(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/47/4) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Cases I, II restricted (with application in accordance with s. 42(3) of the restricting Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 42(1)(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/42/1/2) (with [s. 42(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/42/4/5)) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Cases I, III, V modified (with effect in accordance with s. 117(4)(5) of the modifying Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 117(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/1), [Sch. 18 para. 84](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18/paragraph/84) (with [Sch. 18 para. 59(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18/paragraph/59/2)) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Cases I, VI restricted (with application in accordance with s. 46(7) of the restricting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 46(1)-(6)](https://www.legislation.gov.uk/ukpga/2000/17/section/46/1)
[^c21792421]: [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Cases II-VI excluded (with effect in accordance with s. 230(3) of the excluding Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 219(2)(b)(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/219/2/b/4) (with [s. 220](https://www.legislation.gov.uk/ukpga/1994/9/section/220))
[^c21569221]: [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case VI extended (16.7.1992 with effect in relation to chargeable periods ending after 10.3.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 66](https://www.legislation.gov.uk/ukpga/1992/48/section/66), [Sch. 12 paras. 1](https://www.legislation.gov.uk/ukpga/1992/48/schedule/12/paragraph/1), [3(1)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/12/paragraph/3/1), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/12/paragraph/7). [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case VI extended (27.7.1993 with effect as mentioned in [s. 165](https://www.legislation.gov.uk/ukpga/1993/34/section/165) of the amending Act) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 130(2)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/130/2/4), [165](https://www.legislation.gov.uk/ukpga/1993/34/section/165) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case VI restricted (27.7.1993) by [Agriculture Act 1993 (c. 37)](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 paras. 19(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/paragraph/19/2), [20(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/paragraph/20/2) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case VI extended (with application in accordance with Sch. 20 para. 11(1)(2) of the extending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218), [Sch. 20 para. 11(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/11/3) (with [Sch. 20 para. 12(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/12/2)) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case VI extended (with effect in accordance with s. 117(4)(5) of the extending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 117(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/1), [Sch. 18 para. 52(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18/paragraph/52/4) (with [Sch. 18 para. 59(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18/paragraph/59/2)) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case VI extended (with effect in accordance with s. 579 of the extending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [ss. 256(2)(b)(4)](https://www.legislation.gov.uk/ukpga/2001/2/section/256/2/b/4) (with [Sch. 3 paras. 54](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/54), [55](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/55))
[^c21569241]: SOURCE-1970 ss. 108(3), 109(3)
[^c21792911]: [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D excluded (with effect in accordance with s. 39(4)(5) of the excluding Act) by [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 588(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/4A) (as inserted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/24))
[^c21792731]: [S. 18(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3): words in Sch. D Case I inserted (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 2](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/2)
[^c21792851]: [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case III extended (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 157(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/157/7) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case III applied (with effect as mentioned in s. 105(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 83(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/83/9), [Sch. 8 para. 3(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/8/paragraph/3/4), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case III modified (with effect as mentioned in s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 83(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/83/9), [Sch. 8 para. 3(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/8/paragraph/3/5), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Cases III, IV extended (with effect in accordance with s. 105(1) of the extending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 102](https://www.legislation.gov.uk/ukpga/1996/8/section/102), [Sch. 13 para. 1(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/1/1) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21792961]: [S. 18(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/1): words in Sch. D para. (b) substituted (with effect as mentioned in [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 7 para. 4(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/4/1) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c21792981]: [S. 18(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3): words in Sch. D Case III para. (c) substituted (with effect as mentioned in [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 7 para. 4(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/4/2/a) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c21793061]: [S. 18(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3): words in Sch. D Case IV repealed (with effect as mentioned in [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/4/2/b), [Sch. 41 Pt. V(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/2), Note (with Sch. 7 paras. 33-35)
[^c21794021]: [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case V extended (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [s. 20](https://www.legislation.gov.uk/ukpga/1999/20/section/20), [Sch. 3 para. 6(3)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/6/3) (with [Sch. 3 para. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1))
[^c21793001]: [S. 18(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3): words in Sch. D Case VI substituted (with effect as mentioned in [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 7 para. 4(2)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/4/2/c) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c21793081]: [S. 18(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3A) inserted (with effect as mentioned in [s. 105](https://www.legislation.gov.uk/ukpga/1996/8/section/105) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 104](https://www.legislation.gov.uk/ukpga/1996/8/section/104), [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/5) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21793021]: [S. 18(3B)-(3E)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3B) inserted (with effect as mentioned in [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 7 para. 4(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/4/3) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c21793041]: Words in [s. 18(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/5) substituted (with effect as mentioned in [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 7 para. 4(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/4/4) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c23332821]: [S. 18(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/1): words in Sch. D para. (b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 5(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/5/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23332831]: [S. 18(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3): words in Sch. D Case V substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 5(3)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/5/3/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23332841]: [S. 18(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3): words in Sch. D Case VI substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 5(3)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/5/3/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23333121]: [S. 18(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/6) inserted (with effect in accordance with [s. 97(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/97/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 105(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/105/4) (with [s. 106](https://www.legislation.gov.uk/ukpga/2004/12/section/106))
[^c23334181]: [S. 18(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/4A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 9(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/9/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23334201]: Words in [s. 18(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 9(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/9/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23334221]: [S. 18(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 9(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/9/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23357441]: [S. 18(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3A): Sch. D Case III para. (c) repealed (with effect in accordance with Sch. 7 para. 12(9)(13) of the repealing Act) by virtue of [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 12(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/12/9), [Sch. 11 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/8), Note
[^c21569491]: SOURCE-1970 s. 90(1); 1972 s. 81(3)
[^c21569501]: SOURCE-1970 s. 90(2)
[^c21569511]: SOURCE-1970 s. 90(2A), (2B); 1972 s. 81(4)
[^c21569521]: SOURCE-1970 s. 90(3)
[^c21569531]: SOURCE-1970 s. 71(2)
[^c21819701]: Words in [s. 24(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/24/2) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 134(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/1), [Sch. 20 Para. 1](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/1)
[^c21819721]: [S. 24(6)(c)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/24/6/c/7) and word preceding s. 24(6)(c) repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c21856561]: [1988 c. 39](https://www.legislation.gov.uk/ukpga/1988/39).
[^c21856571]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c21856601]: [S. 21A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/5) inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 70(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/3), [Sch. 23 para. 1](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/1)
[^c23348091]: Words in [s. 21A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/2) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 7(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/7/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23348111]: Words in [S. 21A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/2) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 7(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/7/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23348131]: Words in [s. 21A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/2) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 7(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/7/c) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23351541]: [S. 21A](https://www.legislation.gov.uk/ukpga/1988/1/section/21A) applied (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 120(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/120/2)
[^c23351741]: [S. 21A](https://www.legislation.gov.uk/ukpga/1988/1/section/21A) applied (6.4.2008) by the [Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69Z1(2)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z1/2) (as inserted by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I. 2008/705)](https://www.legislation.gov.uk/uksi/2008/705), [regs. 1](https://www.legislation.gov.uk/uksi/2008/705/regulation/1), [5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5))
[^c23348191]: Words in [s. 21A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/2) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23348351]: Words in [s. 21A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 12(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/12/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23348171]: Words in [s. 21A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/2) inserted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284](https://www.legislation.gov.uk/ukpga/2004/12/section/284), [Sch. 35 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23348371]: Words in [s. 21A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 12(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/12/3/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23348391]: Words in [s. 21A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/4) repealed (with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 12(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/12/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23348411]: Words in [s. 21B](https://www.legislation.gov.uk/ukpga/1988/1/section/21B) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 13(a)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/13/a/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349101]: Words in [s. 21B](https://www.legislation.gov.uk/ukpga/1988/1/section/21B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 13(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/13/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23351561]: Words in [s. 21B](https://www.legislation.gov.uk/ukpga/1988/1/section/21B) substituted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 102(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/102/3)
[^c23349121]: Word in [s. 21C](https://www.legislation.gov.uk/ukpga/1988/1/section/21C) (1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 14(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/14/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349141]: Words in [s. 21C](https://www.legislation.gov.uk/ukpga/1988/1/section/21C) (4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 14(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/14/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21805301]: [S. 30(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/30/1) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 7](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/7)
[^c21569731]: SOURCE-1970 s. 76
[^c21569741]: *See* 1979(C) s.34(4)(b)—*restriction, by reference to capital allowances, of capital losses for purpose of capital gains.*
[^c21805311]: Words in [s. 30(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/30/1) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 11](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/11) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23349161]: Words in [s. 30(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/30/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 15(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/15/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349181]: Words in [s. 30(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/30/2/a) substituted (with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 15(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/15/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349201]: [S. 30(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/30/2A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 15(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/15/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21569961]: *See* 1976(D) s.34*and* Sch.6 para.4. 1976(D)*repealed by* 1985 ss.93, 98(6)*and* Sch.27 Part. X*with effect from* 19*March* 1985.
[^c21569971]: SOURCE-1970 s. 80(1), (2)
[^c21569981]: SOURCE-1970 s. 80(2); 1987 Sch. 15 para. 13
[^c21569991]: SOURCE-1970 s. 80(3), (4)
[^c21570001]: SOURCE-1970 s. 80(5)
[^c21570011]: SOURCE-1970 s. 80(6), (7); 1972 s. 81(1)
[^c21570021]: *See* 1979(C) s.106*and* Sch.3 paras.5*and* 7—*exclusion of amounts taxed under this section in computing capital gains.*
[^c21794731]: [S. 34](https://www.legislation.gov.uk/ukpga/1988/1/section/34) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 9](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/9)
[^c21794711]: [S. 34(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/9) repealed (with effect in accordance with s. 39(4)(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 162](https://www.legislation.gov.uk/ukpga/1995/4/section/162), [Sch. 29 Pt. 08(01)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/08/01), Note
[^c21794841]: Words in [s. 34(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/1) substituted (with effect as mentioned in [s. 40(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 40(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/2)
[^c21794761]: Words in [s. 34(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/3) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 15(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/15/3), (with Sch. 5 para. 73)
[^c21794861]: Words in [s. 34(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/4/a) substituted (with effect as mentioned in [s. 40(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 40(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/3/a)
[^c21794881]: Words in [s. 34(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/4/b) substituted (with effect as mentioned in [s. 40(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 40(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/3/b)
[^c21794901]: Words in [s. 34(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/5/a) substituted (with effect as mentioned in [s. 40(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 40(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/4/a)
[^c21794921]: Words in [s. 34(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/5/b) substituted (with effect as mentioned in [s. 40(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 40(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/4/b)
[^c21794781]: Words in [s. 34(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/6) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 15(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/15/4), (with Sch. 5 para. 73)
[^c21794801]: [S. 34(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/7A) inserted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 15(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/15/5), (with Sch. 5 para. 73)
[^c21794821]: Words in [s. 34(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/8) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 15(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/15/6), (with Sch. 5 para. 73)
[^c23349221]: Words in [s. 34](https://www.legislation.gov.uk/ukpga/1988/1/section/34) (1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349331]: Words in [s. 34(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349351]: Words in [s. 34(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349371]: Words in [s. 34(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349391]: Word in [s. 34(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349411]: Word in [s. 34(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/7A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349431]: Word in [s. 34(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349531]: Words in [s. 34(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349551]: Words in [s. 34(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(5)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570031]: *See* 1979(C) s.106*and* Sch.3 para.6(2)—1979(C) s.31 (*exclusion from capital gains computation of sums charged to income tax or corporation tax*)*not to apply to amounts on which tax paid under* s.35.
[^c21797731]: [S. 35](https://www.legislation.gov.uk/ukpga/1988/1/section/35) excluded (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [ss. 21](https://www.legislation.gov.uk/ukpga/1994/21/section/21), [68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 15(1)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/15/1) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule) [S. 35](https://www.legislation.gov.uk/ukpga/1988/1/section/35) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [s. 8](https://www.legislation.gov.uk/ukpga/1995/37/section/8), [Sch. 3 para. 9(1)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/9/1) [S. 35](https://www.legislation.gov.uk/ukpga/1988/1/section/35) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [ss. 135](https://www.legislation.gov.uk/ukpga/1996/55/section/135), [149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 21(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/21/1)
[^c21570041]: SOURCE-1970 s. 81(1)
[^c21797691]: [S. 35(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/35/2) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 10](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/10)
[^c21570051]: SOURCE-1970 s. 81(2)
[^c21797771]: Words in [s. 35(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/35/2) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 16(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/16/3), (with Sch. 5 para. 73)
[^c21797791]: [S. 35(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/35/2A) inserted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 16(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/16/4), (with Sch. 5 para. 73)
[^c23349571]: Words in [s. 35(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/35/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 18(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/18/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349591]: Words in [s. 35(2A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/35/2A/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 18(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/18/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349611]: Words in [s. 35(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/35/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 18(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/18/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21805371]: [S. 36](https://www.legislation.gov.uk/ukpga/1988/1/section/36) excluded (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 252(1)(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/1/3), [Sch. 24 para. 24](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/24)
[^c21570061]: *See* 1976(D) Sch.6 para.4. 1976(D)*repealed by* 1985 ss.93, 98(6)*and* Sch.27 Part X*with effect from* 19*March* 1985.
[^c21805381]: [S. 36(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/1) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 11](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/11)
[^c21570071]: SOURCE-1970 s. 82(1), (2)
[^c21570081]: *See* 1979(C) s.106*and* Sch.3 para.6(3)—*effect of claim under* s.36(2)(b)*on computation of capital gains.*
[^c21570091]: SOURCE-1970 S. 82(3)
[^c21570101]: *See* 1979(C) s.106*and* Sch.3 para.5(3)—*deduction of amounts chargeable under* s.36*in computing capital gains.*
[^c21570111]: SOURCE-1970 s. 82(1), (3)
[^c21805411]: Words in [s. 36(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/1) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 17(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/17/3/a) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c21805431]: Words in [s. 36(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/1) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 17(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/17/3/b) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c21805451]: [S. 36(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/4A/4B) inserted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 17(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/17/4) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23349631]: Words in [s. 36(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 19(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/19/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349661]: Words in [s. 36(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 19(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/19/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349681]: Words in [s. 36(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 19(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/19/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349701]: Words in [s. 36(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 19(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/19/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349721]: Words in [s. 36(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 19(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/19/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349741]: Words in [s. 36(4A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/4A/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 19(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/19/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21799401]: [S. 37](https://www.legislation.gov.uk/ukpga/1988/1/section/37) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 12](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/12)
[^c21570121]: SOURCE-1970 s. 83(1); 1978 s. 32(2)
[^c21570161]: *See* 1979(C) s.106*and* Sch.3 para.6(1)—*allowance under this subsection to be deducted from any loss on disposal of lease.*
[^c21570171]: SOURCE-1970 s. 83(2)
[^c21570181]: SOURCE-1970 s. 83(3)
[^c21570191]: SOURCE-1970 s. 83(4)
[^c21570201]: SOURCE-1970 s. 83(5)
[^c21570211]: *See* 1976(D) Sch.6 para.4(4)—*no account to be taken of any deduction of realised development value.* 1976(D)*repealed by* 1985 ss.93, 98(6)*and* Sch.27 Part X*with effect from* 19*March* 1985.
[^c21570221]: SOURCE-1970 s. 83(7)
[^c21799441]: [S. 37(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/1/a/b) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 18(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/18/2), (with Sch. 5 para. 73)
[^c21570151]: 1990 s.89*and* Sch.14 para.2 (*correction of errors*)—*deemed always to have had effect. Previously* “subsection (2) below”, “this subsection” *and* “the amount of that tax” *respectively.*
[^c21799461]: Words in [s. 37(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/2/b) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 18(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/18/3/a), (with Sch. 5 para. 73)
[^c21799481]: Words in [s. 37(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/2) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 18(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/18/3/b), (with Sch. 5 para. 73)
[^c21799501]: Words in [s. 37(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/3) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 18(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/18/4/a), (with Sch. 5 para. 73)
[^c21799521]: Words in [s. 37(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/3) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 18(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/18/4/b), (with Sch. 5 para. 73)
[^c21799541]: Words in [s. 37(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/4) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 18(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/18/5), (with Sch. 5 para. 73)
[^c23348441]: Word in [s. 37(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/1/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/2/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349761]: [S. 37(1)(c)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/1/c/d) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349781]: Words in [s. 37(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349801]: Word in [s. 37(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349821]: Words in [s. 37(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349841]: Word in [S. 37(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349861]: Words in [s. 37(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349871]: Words in [s. 37(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349891]: Words in [s. 37(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349911]: [S. 37(7)(b)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/7/b/iii) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349931]: Words in [s. 37(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/8) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349951]: Words in [s. 37(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(8)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/8/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349971]: Words in [s. 37(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/9) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(8)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/8/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349991]: [S. 37(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/10) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(9)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/9) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570231]: SOURCE-1970 S. 84(1)(b)–(d); 1972 s. 81(2)(a), (b)
[^c21570241]: [S. 38(1)(a)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/38/1/a/4) excluded (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 77](https://www.legislation.gov.uk/ukpga/1992/48/section/77), [Sch. 17 paras. 5(4)(6)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/5/4/6), [6(1)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/6/1), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/7).
[^c21570251]: SOURCE-1970 s. 84(2); 1972 s. 81(2)(c)
[^c21570271]: SOURCE-1970 s. 84(3A); 1972 s. 81(5)
[^c21570281]: SOURCE-1970 s. 84(3); 1972 s. 81(2)(d)
[^c21570291]: *See* 1990(C) s.11(4)—*rules applied in connection with leases for industrial buildings and structures.*
[^c21570301]: SOURCE-1970 s. 84(4)
[^c21799581]: [S. 38(1)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/38/1)(6) applied (with effect in accordance with s. 579 of the affecting Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 291(3)](https://www.legislation.gov.uk/ukpga/2001/2/section/291/3)
[^c21799561]: Words in [s. 38(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/38/4) substituted (with effect as mentioned in [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 134(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/1), [Sch. 20 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/2)
[^c23350031]: Words in [s. 38(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/38/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 22(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/22/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350051]: Words in [s. 38(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/38/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 22(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/22/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570311]: SOURCE-1970 s. 85(1)
[^c21570321]: *Repealed by* 1988(F) ss.75, 148*and* Sch.14 Part IV*for* 1988-89*and subsequent years.*
[^c21570331]: SOURCE-1970 s. 86
[^c21805531]: Words in [s. 40(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/1) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 20(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/20/2), (with Sch. 5 para. 73)
[^c21805551]: Words in [s. 40(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/3/b) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 20(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/20/3), (with Sch. 5 para. 73)
[^c21805571]: [S. 40(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/4A) inserted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 20(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/20/4), (with Sch. 5 para. 73)
[^c21805591]: [S. 40(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/5) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(f)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/f); and s. 40(5) repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 20(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/20/5), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c23350071]: Word in [s. 40(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 23(a)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/23/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350091]: Words in [s. 40(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 23(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/23/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350111]: Word in [s. 40(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 23(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/23/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350131]: Word in [s. 40(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 23(c)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/23/c/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350151]: Words in [s. 40(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 23(c)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/23/c/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23348231]: [S. 42](https://www.legislation.gov.uk/ukpga/1988/1/section/42) applied (3.11.2004 with effect in accordance with reg. 1(1) of the affecting S.I.) by The Energy-[Saving Items (Deductions for Expenditure etc.) Regulations 2004 (S.I. 2004/2664)](https://www.legislation.gov.uk/uksi/2004/2664), [reg. 4](https://www.legislation.gov.uk/uksi/2004/2664/regulation/4)
[^c21570361]: SOURCE- 1972 s. 82
[^c23351701]: [S. 42](https://www.legislation.gov.uk/ukpga/1988/1/section/42) applied (6.12.2007 with effect in accordance with reg. 1(1) of the affecting S.I.) by The Energy-[Saving Items (Income Tax) Regulations 2007 (S.I. 2007/3278)](https://www.legislation.gov.uk/uksi/2007/3278), [reg. 7](https://www.legislation.gov.uk/uksi/2007/3278/regulation/7)
[^c23350171]: Words in [s. 42(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/42/1) renumbered as s. 42(1)(a) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by virtue of [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 24(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/24/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350191]: Words in [s. 42(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/42/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 24(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/24/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350211]: [S. 42(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/42/1/b) and preceding word inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 24(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/24/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570411]: *And see, as regards Ulster Savings Certificates,* Part III Vol.5.
[^c21570421]: SOURCE-1981 S. 34(1)
[^c21570431]: SOURCE-1970 s. 98
[^c21570441]: SOURCE-1981 s. 34(2)–(5); 1979 (C) s. 71(2)(a)
[^c21570451]: [1968 c. 13](https://www.legislation.gov.uk/ukpga/1968/13).
[^c21570461]: [1958 c.6](https://www.legislation.gov.uk/ukpga/1958/6).
[^c21570471]: [1920 c.18](https://www.legislation.gov.uk/ukpga/1920/18).
[^c21570481]: [1972 c. 65](https://www.legislation.gov.uk/ukpga/1972/65).
[^c23353721]: Word in [s. 46(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/46/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 31(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/31/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23353741]: Words in [s. 46(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/46/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 31(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/31/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23353761]: Words in [s. 46(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/46/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 31(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/31/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23353801]: [S. 46(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/46/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 31(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/31/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570681]: SOURCE-1970 s. 110(1), (2)
[^c21570691]: SOURCE-1970 s. 110(3)
[^c21570701]: 1988(F) Sch.6 para.6(7),*into force on* 6*April* 1988*subject to certain provisos. Previously* “(4) Subsection (3) above shall not affect the taxation of woodlands which are managed on a commercial basis and with a view to the realisation of profits”.
[^c21852211]: Words in [s. 53(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/53/1/3) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21852231]: Words in [s. 53(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/53/1/3) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23357971]: Word in [s. 53(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/53/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 32(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/32/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23357991]: Words in [s. 53(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/53/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 32(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/32/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358011]: Words in [s. 53(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/53/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 32(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/32/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358031]: Words in [s. 53(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/53/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 32(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/32/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21852241]: Word in [s. 55(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/55/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23358051]: Word in [s. 55(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/55/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 33](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/33) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570911]: *See* s.608—*exemption for certain superannuation funds.*
[^c21570951]: SOURCE-1973 s. 26(3); 1974 s. 30(2)
[^c21832991]: Word in [s. 56(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/4) substituted (with effect in accordance with s. 164(5)(6) of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 164(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/164/4)
[^c23358091]: Words in [s. 56(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 34(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/34/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23376721]: Words in [s. 56(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/3/c) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/9) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23359501]: Words in [s. 59(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/59/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 35(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/35/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358241]: Words in [s. 59(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/59/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 35(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/35/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359521]: Words in [s. 59(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/59/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 35(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/35/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21571531]: SOURCE-1970 s. 129(1)
[^c21571541]: SOURCE-1970 s. 129(4)
[^c21571551]: SOURCE-1970 s. 129(5)
[^c21861051]: [S. 70](https://www.legislation.gov.uk/ukpga/1988/1/section/70) excluded (with application in accordance with s. 65(1)(3)(4) of the excluding Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 65(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/65/2/a)
[^c21833081]: Words in [s. 70(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/70/3) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/7) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21858921]: Words in [S. 70A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/70A/6) repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [ss. 578](https://www.legislation.gov.uk/ukpga/2001/2/section/578), [580](https://www.legislation.gov.uk/ukpga/2001/2/section/580), [Sch. 2 para. 14](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/14), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c21571571]: *See* S.I. [1987 No. 530](https://www.legislation.gov.uk/ukcm/1987/530) (in Part III Vol. 5) regn. 16—*payments attributable to non-resident entertainers and sportsmen.*
[^c21571581]: SOURCE-1970 ss. 127(1), 129(2)
[^c21571591]: SOURCE-1970 s. 127(2), 527(4)
[^c21827611]: Word in [s. 72(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/72/2) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 121](https://www.legislation.gov.uk/ukpga/1995/4/section/121)
[^c23359661]: Words in [s. 72(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/72/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 44(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/44/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358451]: Words in [s. 72(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/72/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 44(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/44/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21571611]: *See*—1979(C) s.122—*election to take capital gain or loss into account when asset appropriated to stock in trade.*1989 ss.67-74—*employee share ownership trusts.*[Banking Act 1987 (c.22)](https://www.legislation.gov.uk/ukpga/1987/22) s.66—*contributions to the Deposit Protection Fund.*
[^c21571621]: SOURCE-1970 s. 130(a)–(m); 1987 Sch. 15para. 2(9)
[^c21571631]: *See* 1989 ss.112-113—*expenditure on security on or after* 6*April* 1989.
[^c21571661]: SOURCE-1970 s. 130(n), (o)
[^c21826011]: [S. 74](https://www.legislation.gov.uk/ukpga/1988/1/section/74) excluded (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 159(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/159/4) (with [Sch. 18 paras. 1(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/18/paragraph/1/3), [2(3)(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/18/paragraph/2/3/4), [3(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/18/paragraph/3/3))
[^c21826031]: [S. 74](https://www.legislation.gov.uk/ukpga/1988/1/section/74) renumbered as s. 74(1) (3.5.1994) by virtue of [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 144(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/2)
[^c21826061]: [S. 74(1)(j)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/j) substituted (with effect in accordance with [s. 144(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 144(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/1)
[^c21826101]: [S. 74(1)(o)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/o) substituted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 9 para. 1](https://www.legislation.gov.uk/ukpga/1994/9/schedule/9/paragraph/1)
[^c21826051]: [S. 74(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/2) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9) {s. 144(2)}
[^c21833101]: [S. 74](https://www.legislation.gov.uk/ukpga/1988/1/section/74) excluded (with effect in accordance with s. 105(1) of the excluding Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 82(7)](https://www.legislation.gov.uk/ukpga/1996/8/section/82/7) (with [ss. 98](https://www.legislation.gov.uk/ukpga/1996/8/section/98), [99](https://www.legislation.gov.uk/ukpga/1996/8/section/99), [Schs. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10), [11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11), [15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21847301]: [S. 74(1)(q)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/q) repealed (with effect in accordance with Sch. 18 Pt. 6(2) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/2)
[^c21861071]: [S. 74](https://www.legislation.gov.uk/ukpga/1988/1/section/74) excluded (with effect in accordance with s. 83(3) of the excluding Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 Para. 14(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/14/4) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c21852371]: Words in [s. 74(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21853971]: [S. 74(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/a) extended (1.1.1999) by [The European Single Currency (Taxes) Regulations 1998 (S.I. 1998/3177)](https://www.legislation.gov.uk/uksi/1998/3177), [regs. 1](https://www.legislation.gov.uk/uksi/1998/3177/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/3177/regulation/5)
[^c21861091]: [S. 74(1)(m)(p)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/m/p) restricted (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 8(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/8/3) (with [Sch. 29 para. 8(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/8/4))
[^c21852381]: Words in [s. 74(1)(m)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/m) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23356371]: [S. 74(1)(n)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/n) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23359681]: Words in [s. 74(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 45(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/45/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359701]: Words in [s. 74(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 45(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/45/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359721]: Words in [s. 74(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 45(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/45/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358481]: [S. 74(1)(b)(o)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/b/o) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 45(d)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/45/d/f), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369191]: [S. 74(1)(j)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/j) repealed (with effect in accordance with s. 80(3)(4) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 1](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/1), [Sch. 11 Pt. 2(5)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/5), Note
[^c23369211]: [S. 74(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/2) repealed (with effect in accordance with s. 80(3)(4) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 1](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/1), [Sch. 11 Pt. 2(5)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/5), Note
[^c21860671]: [S. 75](https://www.legislation.gov.uk/ukpga/1988/1/section/75) modified (with effect in accordance with s. 70(1) of the modifying Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 22 para. 27](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/27) (with [Sch. 22 para. 32](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/32))
[^c23356411]: [S. 75](https://www.legislation.gov.uk/ukpga/1988/1/section/75) substituted (with effect in accordance with ss. 42, 43 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 38(1)(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/38/1/5)
[^c23376271]: [S. 75](https://www.legislation.gov.uk/ukpga/1988/1/section/75) modified (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 196(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/196/3), [199(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/199/2/b), [200(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/200/b), [246(2)(b)(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/246/2/b/3/b), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23356431]: [S. 75(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/75/1) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 43(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/43/5)
[^c23385501]: [S. 75](https://www.legislation.gov.uk/ukpga/1988/1/section/75) modified by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69Z24A(4)(b)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z24A/4/b) (as inserted (1.1.2009 with effect in accordance with reg. 1(2)(3) of the amending S.I.) by [The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159)](https://www.legislation.gov.uk/uksi/2008/3159), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2008/3159/regulation/1/1), [27](https://www.legislation.gov.uk/uksi/2008/3159/regulation/27))
[^c23384551]: [S. 75(2A)-(2C)](https://www.legislation.gov.uk/ukpga/1988/1/section/75/2A) inserted (with effect in accordance with [s. 28(5)(6)](https://www.legislation.gov.uk/ukpga/2007/11/section/28/5/6) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 28(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/28/2)
[^c23384581]: [S. 75(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/75/5A) inserted (with effect in accordance with [s. 28(5)(6)](https://www.legislation.gov.uk/ukpga/2007/11/section/28/5/6) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 28(3)](https://www.legislation.gov.uk/ukpga/2007/11/section/28/3)
[^c23384601]: [S. 75(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/75/11) inserted (with effect in accordance with [s. 28(5)(6)](https://www.legislation.gov.uk/ukpga/2007/11/section/28/5/6) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 28(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/28/4)
[^c23356491]: [S. 76](https://www.legislation.gov.uk/ukpga/1988/1/section/76) substituted (with effect in accordance with ss. 42, 44 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 40](https://www.legislation.gov.uk/ukpga/2004/12/section/40)
[^c23369731]: [S. 76](https://www.legislation.gov.uk/ukpga/1988/1/section/76) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [5](https://www.legislation.gov.uk/uksi/2005/2014/regulation/5) (as amended: (14.8.2007 with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [5](https://www.legislation.gov.uk/uksi/2007/2134/regulation/5); (12.8.2008 with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/1), [3](https://www.legislation.gov.uk/uksi/2008/1937/regulation/3))
[^c23376461]: [S. 76](https://www.legislation.gov.uk/ukpga/1988/1/section/76) modified (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 196(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/196/4), [199(2)(c)(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/199/2/c/5), [246(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/246/3/b), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23376531]: [S. 76(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/7) modified (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 200(c)](https://www.legislation.gov.uk/ukpga/2004/12/section/200/c), [246(2)(c)](https://www.legislation.gov.uk/ukpga/2004/12/section/246/2/c), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23369711]: Word in [s. 76(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/8) repealed (with effect in accordance with Sch. 11 Pt. 2(10) Note 1 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/10)
[^c23369571]: Words in [s. 76(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/8) inserted (with effect in accordance with [Sch. 9 para. 1(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/1/3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 1(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/1/2)
[^c23376701]: Words in [s. 76(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/8) substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [3](https://www.legislation.gov.uk/uksi/2006/3270/article/3)
[^c23384621]: Words in [s. 76(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/1/b) substituted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 2(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/2/2) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23377811]: Words in [s. 76(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/1) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 3(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/3/2), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23377991]: [S. 76(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/7): entries in Step 3 repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 16(3)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/16/3/a), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23384731]: Words in [s. 76(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/7) Step 5 substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 3(3)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/3/3/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23384761]: Words in [s. 76(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/7) Step 5 substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/3/3/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23384641]: Word in [s. 76(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/7) Step 8 substituted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 2(3)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/2/3/a) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23377871]: [S. 76(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/7) Steps 9, 10 repealed (with effect in accordance with s. 39(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 2(3)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/2/3/b), [Sch. 27 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/8), Note (with Sch. 8 Pt. 2)
[^c23377911]: [S. 76(10)(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/10/11) repealed (with effect in accordance with s. 39(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 2(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/2/4), [Sch. 27 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/8), Note (with Sch. 8 Pt. 2)
[^c23384661]: Words in [s. 76(12)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/12/a) substituted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 2(5)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/2/5/a) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23384681]: Words in [s. 76(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/12) inserted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 2(5)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/2/5/b) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23384701]: [S. 76(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/13) substituted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 2(6)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/2/6) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23377831]: [S. 76(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/14) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 3(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/3/4), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23377851]: [S. 76(15)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/15): definition of "capital redemption business" repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 3(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/3/5), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23377941]: Words in [s. 76(15)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/15) repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 14(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/14/2/b), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23358511]: [S.77](https://www.legislation.gov.uk/ukpga/1988/1/section/77) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 47](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/47), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21834651]: [S. 78](https://www.legislation.gov.uk/ukpga/1988/1/section/78) repealed with saving (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/10), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c21572171]: SOURCE-1982 s. 48(1)–(4)
[^c21572181]: SOURCE-1982 s. 48(5)
[^c21572191]: SOURCE-1982 s. 48(6)–(9)
[^c21856471]: [S. 79](https://www.legislation.gov.uk/ukpga/1988/1/section/79): functions transferred (1.7.1999 immediately after the coming into force of [Scotland Act 1998 (c. 46)](https://www.legislation.gov.uk/ukpga/1998/46), [s. 53](https://www.legislation.gov.uk/ukpga/1998/46/section/53)) by [The National Assembly for Wales (Transfer of Functions) Order 1999 (S.I. 1999/672)](https://www.legislation.gov.uk/uksi/1999/672), [arts. 1(2)](https://www.legislation.gov.uk/uksi/1999/672/article/1/2), [2](https://www.legislation.gov.uk/uksi/1999/672/article/2), [Sch. 1](https://www.legislation.gov.uk/uksi/1999/672/schedule/1)
[^c21856481]: [S. 79(4)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/4/8): functions transferred (1.7.1999) by [The Scotland Act 1998 (Transfer of Functions to the Scottish Ministers etc.) Order 1999 (S.I. 1999/1750)](https://www.legislation.gov.uk/uksi/1999/1750), [arts. 1(1)](https://www.legislation.gov.uk/uksi/1999/1750/article/1/1), [2](https://www.legislation.gov.uk/uksi/1999/1750/article/2), [Sch. 1](https://www.legislation.gov.uk/uksi/1999/1750/schedule/1) (with [art. 7](https://www.legislation.gov.uk/uksi/1999/1750/article/7))
[^c21852411]: Words in [s. 79(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21858671]: Words in [s. 79(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/11) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 88](https://www.legislation.gov.uk/ukpga/2000/17/section/88), [Sch. 40 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/9)
[^c23356861]: Words in [s. 79(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/2) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 3(2)
[^c23356901]: [S. 79(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/2A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 3(3)
[^c23359841]: Word in [s. 79(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359861]: Words in [s. 79(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359891]: Words in [s. 79(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359911]: Word in [s. 79(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359931]: Words in [s. 79(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359951]: Words in [s. 79(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/9) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359971]: Words in [s. 79(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360001]: Words in [s. 79(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360021]: Words in [s. 79(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360041]: Words in [s. 79(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/9) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(4)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/4/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360071]: Words in [s. 79(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(4)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/4/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572211]: 1990 s.76.
[^c21826241]: Words in [s. 79A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/1) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 145(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/145/3)
[^c21826261]: Word in [s. 79A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/3) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 145(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/145/3)
[^c21826281]: [S. 79A(5)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/5/aa) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 145(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/145/4)
[^c21826321]: Words in [s. 79A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/7) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 145(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/145/5)
[^c21852421]: Words in [s. 79A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21858701]: Words in [s. 79A(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/5/b) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/9)
[^c21858691]: Words in [s. 79A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/7) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 88](https://www.legislation.gov.uk/ukpga/2000/17/section/88), [Sch. 40 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/9)
[^c23359591]: Words in [s. 79A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/2) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para 3(2)
[^c23359601]: [S. 79A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/2A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 3(3)
[^c23360091]: Word in [s. 79A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/1) substituted (with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360111]: Words in [s. 79A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360141]: Words in [s. 79A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360161]: Word in [s. 79A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360181]: Words in [s. 79A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360221]: Words in [s. 79A(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/4/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360241]: Words in [s. 79A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360271]: Words in [s. 79A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360291]: Words in [s. 79A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360311]: Words in [s. 79A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(4)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/4/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360341]: Words in [s. 79A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(4)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/4/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358531]: [S. 80-82](https://www.legislation.gov.uk/ukpga/1988/1/section/80) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 51-53](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/51), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358551]: [S. 80-82](https://www.legislation.gov.uk/ukpga/1988/1/section/80) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 51-53](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/51), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358561]: [S. 80-82](https://www.legislation.gov.uk/ukpga/1988/1/section/80) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 51-53](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/51), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572251]: SOURCE-1970 s. 132
[^c21572261]: [Sch.7 para.36(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/36/2) [Copyright, Designs and Patents Act 1988 (c.48)](https://www.legislation.gov.uk/ukpga/1988/48)—*in force on* 1*August* 1989. (*Commencement order*—S.I. [1989 No.816](https://www.legislation.gov.uk/ukcm/1989/816)—*not reproduced.*)*Previously* “the extension of the period of copyright in a design”.
[^c21827491]: [S. 83(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/83/a) modified (31.10.1994) by [Trade Marks Act 1994 (c. 26)](https://www.legislation.gov.uk/ukpga/1994/26), [s. 109(1)](https://www.legislation.gov.uk/ukpga/1994/26/section/109/1), [Sch. 4 para. 1(1)(2)](https://www.legislation.gov.uk/ukpga/1994/26/schedule/4/paragraph/1/1/2); [S.I. 1994/2550](https://www.legislation.gov.uk/uksi/1994/2550), [art. 2](https://www.legislation.gov.uk/uksi/1994/2550/article/2)
[^c21827471]: Words in [s. 83](https://www.legislation.gov.uk/ukpga/1988/1/section/83) repealed (31.10.1994) by [Trade Marks Act 1994 (c. 26)](https://www.legislation.gov.uk/ukpga/1994/26), [s. 109(1)](https://www.legislation.gov.uk/ukpga/1994/26/section/109/1), [Sch. 5](https://www.legislation.gov.uk/ukpga/1994/26/schedule/5); [S.I. 1994/2550](https://www.legislation.gov.uk/uksi/1994/2550), [art. 2](https://www.legislation.gov.uk/uksi/1994/2550/article/2)
[^c21852461]: Words in [s. 83](https://www.legislation.gov.uk/ukpga/1988/1/section/83) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23360671]: Words in [s. 83](https://www.legislation.gov.uk/ukpga/1988/1/section/83) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 56](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/56) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572291]: [S. 84](https://www.legislation.gov.uk/ukpga/1988/1/section/84) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 68(1)(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/68/1/2)
[^c21856451]: [S. 84](https://www.legislation.gov.uk/ukpga/1988/1/section/84): functions transferred (1.7.1999 immediately after the coming into force of [Scotland Act 1998 (c. 46)](https://www.legislation.gov.uk/ukpga/1998/46), [s. 53](https://www.legislation.gov.uk/ukpga/1998/46/section/53)) by [The National Assembly for Wales (Transfer of Functions) Order 1999 (S.I. 1999/672)](https://www.legislation.gov.uk/uksi/1999/672), [arts. 1(2)](https://www.legislation.gov.uk/uksi/1999/672/article/1/2), [2](https://www.legislation.gov.uk/uksi/1999/672/article/2), [Sch. 1](https://www.legislation.gov.uk/uksi/1999/672/schedule/1)
[^c21834661]: Words in [s. 84(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 2(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/2/2)
[^c21834681]: [S. 84(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3A/3B) inserted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 2(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/2/3)
[^c21859171]: Words in [s. 84(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/1/a) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/17/1/a)
[^c21859141]: [S. 84(1)(b)(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/1/b/3/b) and preceding words repealed (with effect in accordance with s. 579 of the repealing Act) by Capital Allowances Act 2001 (c, 2), Sch. 2 para. 17(1)(b)(3), {Sch. 4}
[^c21859211]: Words in [s. 84(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/2) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 17(2)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/17/2/a)
[^c21859231]: Words in [s. 84(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/2) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 17(2)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/17/2/b)
[^c21859251]: Words in [s. 84(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/4/a) inserted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 17(4)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/17/4)
[^c23360931]: Words in [s. 84(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360951]: Words in [s. 84(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360971]: Words in [s. 84(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360991]: Words in [s. 84(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361011]: [S. 84(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3A): by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/4) it is provided that "In subsection (3A) for "above is--" to the end substitute "the period of two years beginning at the end of the accounting period in which the gift is made."" (in force 6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/883/1) of the amending Act) (with Sch. 2)
[^c23358571]: [S. 84(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3B) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361031]: Words in [s. 84(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361051]: Words in [s. 84(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361081]: Words in [s. 84(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361101]: Words in [s. 84(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(6)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/6/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361131]: Words in [s. 84(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(6)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/6/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572311]: SOURCE-1978 s. 60
[^c21858731]: [S. 85](https://www.legislation.gov.uk/ukpga/1988/1/section/85) amended (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 50](https://www.legislation.gov.uk/ukpga/2000/17/section/50)
[^c21852481]: Words in [s. 85(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/85/1/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23357011]: [S. 85(1)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/85/1/b/c) substituted for s. 85(1)(b) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 5(2)
[^c21572331]: SOURCE-1983 s. 28; 1984 s. 33; 1987 s. 34
[^c21856741]: Words in [s. 86(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/3) repealed (retrospectively) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 58(2)(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/58/2/5), [Sch. 20 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/14), Note
[^c21856761]: [S. 86(3)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/3/a) substituted (with effect in accordance with [s. 58(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/58/6) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 58(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/58/3)
[^c21856781]: [S. 86(4)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/4) inserted (with effect in accordance with [s. 58(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/58/6) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 58(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/58/4)
[^c23357131]: Words in [s. 86(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/1) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 7(2)
[^c23357151]: [S. 86(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/2): definition of "deductible" substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 7(3)
[^c23361171]: Words in [s. 86(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 60(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/60/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361191]: Words in [s. 86(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 60(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/60/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361211]: [S. 86(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/2): words in definition of "deductible" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 60(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/60/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572371]: *See*—1976(D) Sch.6 para.4(4)—*no account to be taken of any deduction of realised development value.* 1976(D)*repealed by* 1985 ss.93, 98(6)*and* Sch.27 Part X*from* 19*March* 1985.1990(C) s.111—*reduction of qualifying expenditure for premium relief.*
[^c21827511]: [S. 87](https://www.legislation.gov.uk/ukpga/1988/1/section/87) excluded (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 15(2)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/15/2) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S. I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c21572381]: SOURCE-1970 s. 134(1); 1978 s. 32
[^c21572391]: SOURCE-1970 s. 134(2), (3); 1978 s. 32
[^c21572401]: SOURCE-1970 s. 134(4)
[^c21572411]: SOURCE-1970 s. 134(4)(a)
[^c21572421]: SOURCE-1970 s. 134(4)(b)
[^c21572431]: SOURCE-1970 s. 134(5), (6); 1986 Sch. 13 para. 26
[^c21572451]: *Words repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21572461]: SOURCE-1970 s. 134(1)(i), (ii)
[^c21832891]: [S. 87](https://www.legislation.gov.uk/ukpga/1988/1/section/87) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 9(2)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/9/2)
[^c21847131]: [S. 87](https://www.legislation.gov.uk/ukpga/1988/1/section/87) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch 7 para. 21(2)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/21/2) (with [s. 43(6)](https://www.legislation.gov.uk/ukpga/1996/55/section/43/6))
[^c21827711]: [S. 87(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/1) modified (with effect in accordance with s. 39(4)(5) of the modifying act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 14(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/14/1)
[^c21853591]: [S. 87(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/1/a/b) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 34](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/34) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c21852521]: Words in [s. 87(2)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/2/6) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21853581]: [S. 87(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/10) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c21859271]: Words in [s. 87(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/7) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 18](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/18)
[^c23361271]: Words in [s. 87(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358591]: Word at the end of s. 87(1)(a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361291]: [S. 87(1)(c)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/1/c/d) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361311]: Words in [s. 87(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361331]: Words in [s. 87(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/2/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361351]: Words in [s. 87(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361381]: Words in [s. 87(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361401]: Words in [s. 87(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361421]: Words in [s. 87(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(3)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/3/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361441]: Word in [s. 87(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361461]: Words in [s. 87(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361481]: Words in [s. 87(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361501]: Words in [s. 87(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361531]: Words in [s. 87(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361571]: Word in [s. 87(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361591]: Words in [s. 87(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(5)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361611]: Words in [s. 87(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361631]: Word in [s. 87(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361651]: Words in [s. 87(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361691]: Words in [s. 87(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(6)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/6/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361721]: Words in [s. 87(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/8) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361741]: [S. 87(9)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/9/c) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(8)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/8) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361761]: [S. 87(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/9A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(9)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/9) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572471]: SOURCE-1972 s. 124(1)
[^c21572481]: [1978 c. 18](https://www.legislation.gov.uk/ukpga/1978/18).
[^c21852541]: Words in [s. 88(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/88/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23357191]: [S. 88(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/88/b) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 9(2)
[^c23361801]: Words in [s. 88](https://www.legislation.gov.uk/ukpga/1988/1/section/88) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 64(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/64/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361821]: Words in [s. 88(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/88/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 64(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/64/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361841]: Words in [s. 88(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/88/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 64(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/64/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23416311]: [Ss. 88A-88C](https://www.legislation.gov.uk/ukpga/1988/1/section/88A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 74](https://www.legislation.gov.uk/ukpga/1990/29/section/74)
[^c21834711]: [Ss. 88A-88C](https://www.legislation.gov.uk/ukpga/1988/1/section/88A) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c23416321]: [Ss. 88A-88C](https://www.legislation.gov.uk/ukpga/1988/1/section/88A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 74](https://www.legislation.gov.uk/ukpga/1990/29/section/74)
[^c21834721]: [Ss. 88A-88C](https://www.legislation.gov.uk/ukpga/1988/1/section/88A) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c23416331]: [Ss. 88A-88C](https://www.legislation.gov.uk/ukpga/1988/1/section/88A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 74](https://www.legislation.gov.uk/ukpga/1990/29/section/74)
[^c21834741]: [Ss. 88A-88C](https://www.legislation.gov.uk/ukpga/1988/1/section/88A) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c23361861]: [S. 89](https://www.legislation.gov.uk/ukpga/1988/1/section/89) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 65](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/65) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369401]: Words in [s. 89(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/89/3) substituted (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 3(3)(a)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/3/3/a)
[^c23369421]: [S. 89(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/89/4/5) added (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/3/3/b)
[^c23357211]: [S. 90(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/90/1) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 10(2)
[^c23357241]: [S. 90(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/90/1A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 10(3)
[^c23361881]: Words in [s. 90(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/90/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 66(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/66/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361901]: Words in [s. 90(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/90/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 66(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/66/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361931]: Words in [s. 90(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/90/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 66(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/66/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358611]: Words in [s. 90(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/90/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 66(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/66/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572521]: SOURCE-1970 s. 141(1)
[^c21572531]: SOURCE-1970 s. 141(2)
[^c21572541]: SOURCE-1970 s. 141(3)–(8)
[^c21572551]: [1952 c. 33](https://www.legislation.gov.uk/ukpga/1952/33).
[^c21852581]: Words in [s. 91(1)(4)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/1/4/a/i) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21859291]: [S. 91(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/9) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 19](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/19)
[^c23363401]: Words in [s. 91(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23363421]: Words in [s. 91(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23363731]: Words in [s. 91(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364111]: Words in [s. 91(4)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/4/a/i) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364131]: Words in [s. 91(4)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/4/a/i) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364151]: Words in [s. 91(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/4/a/ii) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364171]: Word in [s. 91(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/4/a/ii) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364191]: Words in [s. 91(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364211]: Words in [s. 91(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/5/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364231]: Word in [s. 91(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/5/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364251]: Word in [s. 91(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/5/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(6)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/6/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364271]: [S. 91(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572731]: [Ss. 91A](https://www.legislation.gov.uk/ukpga/1988/1/section/91A), [91B](https://www.legislation.gov.uk/ukpga/1988/1/section/91B) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 78](https://www.legislation.gov.uk/ukpga/1990/29/section/78).
[^c21572741]: Words in [s. 91A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/4/b) substituted (25.10.1991) by [Planning and Compensation Act 1991 (c. 34, SIF 123:1, 2)](https://www.legislation.gov.uk/ukpga/1991/34), [s. 83(a)](https://www.legislation.gov.uk/ukpga/1991/34/section/83/a); [S.I. 1991/2272](https://www.legislation.gov.uk/uksi/1991/2272), [art. 3(2)](https://www.legislation.gov.uk/uksi/1991/2272/article/3/2)
[^c21572751]: [1974 c. 40](https://www.legislation.gov.uk/ukpga/1974/40).
[^c21572761]: [S.I. 1978/1049 (N.I.19)](https://www.legislation.gov.uk/nisi/1978/1049).
[^c21572771]: [S. 91A(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/6/c) and the word “or” immediately preceding it inserted (27.7.1993 with effect in relation to any case where the trade in question is begun after 31.3.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 110(1)(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/110/1/3)
[^c21572781]: [1960 c. 34](https://www.legislation.gov.uk/ukpga/1960/34).
[^c21572791]: [1993 c. 12](https://www.legislation.gov.uk/ukpga/1993/12).
[^c21572801]: [1965 c. 57](https://www.legislation.gov.uk/ukpga/1965/57).
[^c21572811]: [S. 91A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/7) substituted (25.10.1991) by [Planning and Compensation Act 1991 (c. 34, SIF 123:1, 2)](https://www.legislation.gov.uk/ukpga/1991/34), [s. 83(b)](https://www.legislation.gov.uk/ukpga/1991/34/section/83/b); [S.I. 1991/2272](https://www.legislation.gov.uk/uksi/1991/2272), [art. 3(2)](https://www.legislation.gov.uk/uksi/1991/2272/article/3/2)
[^c21572821]: [1990 c. 8](https://www.legislation.gov.uk/ukpga/1990/8).
[^c21572841]: [1991 c. 34](https://www.legislation.gov.uk/ukpga/1991/34).
[^c21847761]: Words in [s. 91A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/7) substituted (S.) (27.5.1997) by [Planning (Consequential Provisions) (Scotland) Act 1997 (c. 11)](https://www.legislation.gov.uk/ukpga/1997/11), [s. 6(2)](https://www.legislation.gov.uk/ukpga/1997/11/section/6/2), [Sch. 2 para. 41](https://www.legislation.gov.uk/ukpga/1997/11/schedule/2/paragraph/41)
[^c21852601]: Words in [s. 91A(2)(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/2/3/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21858821]: [S. 91A(6)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/6/ba) inserted (E.W.) (1.8.2000) by [The Pollution Prevention and Control (England and Wales) Regulations 2000 (S.I. 2000/1973)](https://www.legislation.gov.uk/uksi/2000/1973), [Sch. 10 para. 1](https://www.legislation.gov.uk/uksi/2000/1973/schedule/10/paragraph/1) (with [reg. 5](https://www.legislation.gov.uk/uksi/2000/1973/regulation/5))
[^c21858841]: [S. 91A(6)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/6/ba) inserted (S.) (28.9.2000) by [The Pollution Prevention and Control (Scotland) Regulations 2000 (S.S.I. 2000/323)](https://www.legislation.gov.uk/ssi/2000/323), [Sch. 10 para. 2](https://www.legislation.gov.uk/ssi/2000/323/schedule/10/paragraph/2) (with [reg. 34](https://www.legislation.gov.uk/ssi/2000/323/regulation/34))
[^c21861161]: [S. 91A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/8) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23354891]: Words in [s. 91A(6)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/6/ba) inserted (31.3.2003) by [The Pollution Prevention and Control Regulations (Northern Ireland) 2003 (S.R. 2003/46)](https://www.legislation.gov.uk/nisr/2003/46), [reg. 1](https://www.legislation.gov.uk/nisr/2003/46/regulation/1), [Sch. 11 para. 3](https://www.legislation.gov.uk/nisr/2003/46/schedule/11/paragraph/3)
[^c23364291]: Word in [s. 91A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 68(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/68/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358631]: Words in [s. 91A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 68(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/68/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572861]: [S. 91B(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/10A) inserted (27.7.1993 with effect in relation to any case where the trade in question is begun after 31.3.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 110(2)(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/110/2/3)
[^c21852621]: Words in [s. 91B(2)(5)(a)(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/2/5/a/6/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21861191]: [S. 91B(11)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/11/e) and preceding word repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23364311]: Words in [s. 91B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358651]: Words in [s. 91B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364341]: Word in [s. 91B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364361]: Words in [s. 91B(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/5/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364381]: Words in [s. 91B(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/5/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364401]: Words in [s. 91B(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/6) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364421]: Words in [s. 91B(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/10A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(g)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/g) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364451]: Word in [s. 91B(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/10A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(g)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/g) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572301]: [S. 84A](https://www.legislation.gov.uk/ukpga/1988/1/section/84A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 42](https://www.legislation.gov.uk/ukpga/1991/31/section/42)
[^c21852471]: Words in [s. 84A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/2/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23354591]: [S. 84A(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/3A) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 11(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/11/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23354611]: Words in [s. 84A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/4) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 11(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/11/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23356941]: [S. 84A(2)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/2/b/c) substituted for s. 84A(2)(b) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 4(2)
[^c23356961]: Words in [s. 84A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/3) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 4(3)
[^c23356981]: [S. 84A(3ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/3ZA) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 4(4)
[^c23361151]: Words in [s. 84A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/2/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 59](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/59) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572321]: [S. 85A](https://www.legislation.gov.uk/ukpga/1988/1/section/85A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 43](https://www.legislation.gov.uk/ukpga/1991/31/section/43)
[^c21852491]: Words in [s. 85A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/85A/2/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 10](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/10)
[^c23357031]: Word in [s. 85A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/85A/2/a) omitted (28.9.2004 with effect in accordance with art. 1(2) of the repealing S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 6(2)(a)
[^c23357051]: [S. 85A(2)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/85A/2/b/c) substituted for s. 85A(2)(b) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 6(2)(b)
[^c23357071]: Words in [s. 85A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/85A/3) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 6(3)
[^c23357111]: [S. 85A(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/85A/3A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 6(4)
[^c21572361]: [S. 86A](https://www.legislation.gov.uk/ukpga/1988/1/section/86A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s.69](https://www.legislation.gov.uk/ukpga/1993/34/section/69)
[^c21852511]: Words in [s. 86A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/2/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23354651]: Words in [s. 86A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/1/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 13(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/13/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23354671]: Words in [s. 86A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/1/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 13(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/13/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23354691]: [S. 86A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/1A) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 13(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/13/4) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23357171]: [S. 86A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/2/b) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 8(2)
[^c23361231]: Words in [s. 86A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 61(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/61/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361251]: Words in [s. 86A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/2/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 61(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/61/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21852651]: Word in [s. 91C(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/91C/b) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21859561]: Words in [s. 91C(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91C/a) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 20](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/20)
[^c23364511]: Word in [s. 91C(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91C/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 71](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/71) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364531]: Words in [s. 91C(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/91C/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 71](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/71) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21861141]: [S. 83A](https://www.legislation.gov.uk/ukpga/1988/1/section/83A) modified (with effect in accordance with s. 58(4) of the modifying Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 18 para. 9(3)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/18/paragraph/9/3/a)
[^c21859081]: [S. 83A(2)(b)(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/2/b/3/b) and preceding words repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 16(1)(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/16/1/2), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c21859111]: Words in [s. 83A(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4/a) inserted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 16(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/16/3)
[^c23360691]: Words in [s. 83A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360711]: Words in [s. 83A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360731]: Words in [s. 83A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360751]: Words in [s. 83A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360771]: Words in [s. 83A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360791]: Words in [s. 83A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360811]: Words in [s. 83A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360841]: Words in [s. 83A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(5)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360861]: Words in [s. 83A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(5)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/5/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360881]: Words in [s. 83A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(5)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/5/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360911]: Words in [s. 83A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(5)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/5/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23357951]: [S. 82A](https://www.legislation.gov.uk/ukpga/1988/1/section/82A) modified (1.1.2005 with effect in accordance with art. 2 of the commencing S.I.) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 53(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/53/2); [S.I. 2004/3268](https://www.legislation.gov.uk/uksi/2004/3268), [art. 2](https://www.legislation.gov.uk/uksi/2004/3268/article/2)
[^c23360611]: Word in [s. 82A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/82A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 54(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/54/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360631]: Words in [s. 82A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/82A/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 54(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/54/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360651]: Word in [s. 82A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/82A/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 54(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/54/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23417381]: Word in [s. 82B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/82B/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 55(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/55/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369591]: Words in [s. 82B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/82B/1) substituted (with effect in accordance with [s. 15(4)](https://www.legislation.gov.uk/ukpga/2005/22/section/15/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 15(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/15/2)
[^c23417391]: Word in [s. 82B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/82B/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 55(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/55/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369611]: Words in [s. 82B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/82B/3) substituted (with effect in accordance with [s. 15(4)](https://www.legislation.gov.uk/ukpga/2005/22/section/15/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 15(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/15/3)
[^c23364471]: Words in [s. 91BA(1)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/91BA/1/c/ii) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 70(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/70/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364491]: Word in [s. 91BA(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/91BA/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 70(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/70/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21860901]: [S. 76A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/76A/2) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 16(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/16/3)
[^c21860921]: [S. 76A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/76A/3) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 16(4)](https://www.legislation.gov.uk/uksi/2001/3629/article/16/4)
[^c21860941]: [S. 76A(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/76A/5/6) added (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 16(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/16/5)
[^c23359821]: Words in [s. 76A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/76A/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 46](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/46) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21860961]: Words in [s. 76B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/76B/3) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 16(7)](https://www.legislation.gov.uk/uksi/2001/3629/article/16/7)
[^c21860981]: [S. 76B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/76B/4) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 16(8)](https://www.legislation.gov.uk/uksi/2001/3629/article/16/8)
[^c23356511]: Words in [s. 76B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/76B/1) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/1/2)
[^c23356531]: Words in [s. 76B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/76B/2) inserted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 1(3)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/1/3/a)
[^c23356551]: Words in [s. 76B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/76B/2) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 1(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/1/3/b)
[^c23359621]: Words in [s. 79B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/2) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 3(2)
[^c23359641]: [S. 79B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/2A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 3(3)
[^c23360361]: Word in [s. 79B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360381]: Words in [s. 79B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360411]: Words in [s. 79B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360431]: Words in [s. 79B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360451]: Words in [s.79B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/3) inserted (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360471]: Words in [s. 79B(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/4/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360491]: Words in [s. 79B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360521]: Words in [s. 79B(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360541]: Words in [s. 79B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360561]: Words in [s. 79B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(4)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/4/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360591]: Words in [s. 79B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(4)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/4/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369301]: Words in [s. 75A(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/75A/10/a) inserted (with effect in accordance with [s. 80(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 22(a)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/22/a)
[^c23369321]: Words in [s. 75A(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/75A/10/b) inserted (with effect in accordance with [s. 80(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 22(b)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/22/b)
[^c21572871]: SOURCE-1984 s. 54(1), (4)
[^c21572881]: SOURCE-1984 s. 54(2), (3)
[^c21572891]: [1982 c. 52](https://www.legislation.gov.uk/ukpga/1982/52).
[^c21572901]: SOURCE-1980 s. 42(1)
[^c21572911]: SOURCE-1980 s. 42(2)
[^c21572921]: [1972 c. 63](https://www.legislation.gov.uk/ukpga/1972/63).
[^c21572931]: [1966 c. 36 (N.I.)](https://www.legislation.gov.uk/apni/1966/36).
[^c21572941]: [1971 c. 22 (N.I.)](https://www.legislation.gov.uk/apni/1971/22).
[^c21572951]: SOURCE-1980 s. 42(2); 1984 s. 55(1)
[^c21572961]: [S.I. 1982/1083 (N.I. 15)](https://www.legislation.gov.uk/nisi/1982/1083).
[^c21572971]: SOURCE-1980 s. 42(3); 1984 s. 55(2)
[^c23357261]: Words in [s. 93(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/93/1) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para 11(2)
[^c23364551]: Word in [s. 93(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/93/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 72(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/72/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364571]: Words in [s. 93(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/93/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 72(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/72/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572981]: SOURCE-1970 s. 136
[^c21826351]: [S. 94](https://www.legislation.gov.uk/ukpga/1988/1/section/94) renumbered as s. 94(1) (3.5.1994) by virtue of [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 144(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/4)
[^c21826371]: Words in [s. 94(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/94/1) inserted (with effect in accordance with [s. 144(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 144(3)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/3/a)
[^c21852661]: Words in [s. 94(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/94/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23364591]: Words in [s. 94(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/94/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 73(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/73/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364611]: Words in [s. 94(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/94/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 73(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/73/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369471]: Words in [s. 94(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/94/1) substituted (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 4(2)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/4/2)
[^c23369461]: [S. 94(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/94/2) repealed (with effect in accordance with s. 80(3)(4) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 4(3)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/4/3), [Sch. 11 Pt. 2(5)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/5), Note
[^c21847241]: [S. 95(1)(1A)(1B)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1/1A/1B/2) substituted for s. 95(1)-(3) (with effect in accordance with [Sch. 7 para. 8(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/8/3) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 7 para. 8(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/8/1)
[^c21849001]: [S. 95(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1) substituted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/2)
[^c21849021]: Words in [s. 95(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A) substituted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(3)(a)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/3/a)
[^c21849121]: [S. 95(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A/b) repealed (with effect in accordance with s. 24(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(3)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/3/b), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 1
[^c21849041]: Words in [s. 95(1A)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A/c) substituted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(3)(c)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/3/c)
[^c21849131]: [S. 95(1A)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A/d) repealed (with effect in accordance with s. 24(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(3)(d)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/3/d), [Sch. 8 pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 1
[^c21849061]: [S. 95(1A)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A/e) inserted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(3)(e)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/3/e)
[^c21849141]: [S. 95(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1B) repealed (with effect in accordance with s. 24(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/4), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 1
[^c21849151]: Words in [s. 95(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/2) repealed (with effect in accordance with s. 24(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(5)(a)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/5/a), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 1
[^c21849081]: Words in [s. 95(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/2/a) inserted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(5)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/5/b)
[^c21849101]: [S. 95(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/2A) inserted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/6)
[^c21849171]: [S. 95(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/4/5) repealed (with effect in accordance with s. 24(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(7)(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/7/8). {Sch. 8 Pt. 2(8)}
[^c23354741]: [S. 95(1A)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A/e) repealed (with effect in accordance with Sch. 43 Pt. 3(6) Note of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 43 Pt. 3(6)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/6)
[^c23356591]: [S. 95(1C)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1C) inserted (2.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 137(2)(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/137/2/6)
[^c23364651]: Words in [s. 95(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 74(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/74/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358671]: [S. 95(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 74(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/74/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364671]: Words in [s. 95(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 74(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/74/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573031]: SOURCE-1970 s. 139
[^c21852681]: Words in [s. 97](https://www.legislation.gov.uk/ukpga/1988/1/section/97) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23364691]: Words in [s. 98(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/98/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 77(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/77/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364711]: Words in [s. 98(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/98/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 77(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/77/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364731]: Words in [s. 98(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/98/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 77(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/77/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573061]: SOURCE-1970 s. 142(1)
[^c21573071]: SOURCE-1970 s. 142(2), (4)
[^c21573081]: SOURCE-1970 s. 142(2), (4)
[^c21852691]: Words in [s. 99(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/99/1/2) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23364751]: Words in [s. 99(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/99/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 78(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/78/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364771]: Words in [s. 99(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/99/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 78(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/78/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364791]: Words in [s. 99(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/99/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 78(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/78/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364831]: Words in [s. 99(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/99/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 78(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/78/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364851]: Words in [s. 99(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/99/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 78(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/78/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23394171]: [S. 76ZE](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZE) applied (with modifications) (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 2 para. 139(3)(4)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/paragraph/139/3/4) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23418131]: [S. 76ZN](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZN) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 44](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/44) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c21573091]: *See*—1988(F) Sch.12 para.2—*building societies converting to companies.*[Trustee Savings Bank Act 1985 (c.58)](https://www.legislation.gov.uk/ukpga/1985/58) s.5*and* Sch.2 para.6(1)—*this provision not to apply to the discontinuance of an existing bank under the* TSB Act 1985.
[^c21573101]: Source—1970 s.137(1)
[^c21573111]: Source—1970 s.137(4)
[^c21829261]: Words in [s. 100(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1/a) substituted (with application in accordance with [s. 140(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/140/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 140(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/140/1)
[^c21829301]: [S. 100(1A)-(1G)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1A) inserted (with application in accordance with [s. 140(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/140/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), by {s. 140(1)}
[^c21829321]: [1988 c. 39](https://www.legislation.gov.uk/ukpga/1988/39).
[^c21852711]: Words in [s. 100(1)(1D)(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1/1D/1E) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21861421]: [S. 100](https://www.legislation.gov.uk/ukpga/1988/1/section/100) excluded (24.2.2003) by [Proceeds of Crime Act 2002 (c. 29)](https://www.legislation.gov.uk/ukpga/2002/29), [s. 458(1)](https://www.legislation.gov.uk/ukpga/2002/29/section/458/1), [Sch. 10 para. 11(3)](https://www.legislation.gov.uk/ukpga/2002/29/schedule/10/paragraph/11/3); [S.I. 2003/120](https://www.legislation.gov.uk/uksi/2003/120), [art. 2](https://www.legislation.gov.uk/uksi/2003/120/article/2), [Sch.](https://www.legislation.gov.uk/uksi/2003/120/schedule) (with [arts. 3-7](https://www.legislation.gov.uk/uksi/2003/120/article/3) (as amended by [S.I. 2003/333](https://www.legislation.gov.uk/uksi/2003/333), [art. 14](https://www.legislation.gov.uk/uksi/2003/333/article/14)))
[^c21861211]: [S. 100(1B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1B/a) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 105(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/105/1), [Sch. 40 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/17)
[^c21861221]: [S. 100(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/3) inserted (with application in accordance with [s. 106(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/106/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 106(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/106/1)
[^c23356611]: [S. 100(1ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1ZA) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/2/2)
[^c23364871]: Words in [s. 100(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364891]: Words in [s. 100(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1A/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364911]: Words in [s. 100(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1A/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364931]: Words in [s. 100(1C)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1C/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364951]: Word in [s. 100(1D)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1D) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364971]: Words in [s. 100(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1E) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364991]: Words in [s. 100(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1E) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358721]: Words in [s. 100(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/2/b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/7), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573121]: Source—1970 s.138(1)
[^c21573131]: Source—1970 s.138(3)
[^c21573141]: Source—1970 s.138(5)
[^c21834931]: Words in [s. 101(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/2) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 3(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/3/2)
[^c21834951]: [S. 101(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/2A) inserted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 3(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/3/3)
[^c21852741]: Words in [s. 101(1)(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/1/2/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23365011]: Words in [s. 101(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358781]: Words in [s. 101(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358791]: Words in [s. 101(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365031]: Words in [s. 101(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358841]: [S. 101(2A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/2A/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/4/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358811]: Words in [s. 101(2A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/2A/b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/4/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358861]: Words in [s. 101(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573151]: Source—1970 s.137(2), 138(2)
[^c21573161]: Source—1970 s.137(3), 138(4)
[^c21834971]: Words in [s. 102(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/1/a) substituted (with effect in accordance with [Sch. 22 para. 12](https://www.legislation.gov.uk/ukpga/1996/8/schedule/22/paragraph/12) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 22 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/22/paragraph/11)
[^c21852761]: Words in [s. 102(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23358901]: Words in [s. 102(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 81(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/81/2/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365051]: Words in [s. 102(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 81(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/81/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358921]: Words in [s. 102(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 81(3)(a)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/81/3/a/d), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365071]: Words in [s. 102(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 81(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/81/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365091]: Word in [s. 102(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 81(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/81/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573171]: Source—1970 s.143; 1983 s.27(b)
[^c21573181]: [Sch.7 para.36(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/36/3) [Copyright Designs and Patents Act 1988 (c.48)](https://www.legislation.gov.uk/ukpga/1988/48)*in force on* 1*August* 1989. (*Commencement order*—S.I. [1989 No.816](https://www.legislation.gov.uk/ukcm/1989/816)—*not reproduced*).
[^c21826461]: Words in [s. 103(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/4/b) inserted (with effect in accordance with [s. 144(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 144(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/3/b)
[^c21826491]: [S. 103(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/4A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 144(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/5)
[^c21852771]: Words in [s. 103(1)(2)(a)(b)(4)(a)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/1/2/a/b/4/a/5) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23365111]: Words in [s. 103(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358951]: Words in [s. 103(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365131]: Words in [s. 103(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365151]: Word in [s. 103(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(3)(a)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/3/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365171]: Word in [s. 103(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(3)(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/3/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365191]: Word in [s. 103(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(3)(a)(iii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/3/a/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358971]: [S. 103(3)(b)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/3/b/bb) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23423281]: Words in [s. 103(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/3/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369491]: Words in [s. 103(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/4/b) substituted (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 5(2)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/5/2)
[^c23369271]: [S. 103(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/4A) repealed (with effect in accordance with s. 80(3)(4) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 5(3)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/5/3), [Sch. 11 Pt. 2(5)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/5), Note
[^c23369511]: Words in [s. 103(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/5) substituted (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 5(5)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/5/5)
[^c21573191]: Source—1970 s.144(1)
[^c21573211]: Source—1970 s.144(3), (4)
[^c21852841]: Words in [s. 104(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/1/2) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21853831]: [S. 104(4)(5)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/4/5/7) repealed (with application in accordance with Sch. 27 Pt. 3(6) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/6)
[^c23365231]: Words in [s. 104(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 83(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/83/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359011]: Words in [s. 104(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 83(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/83/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365251]: Words in [s. 104(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 83(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/83/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365271]: Words in [s. 104(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 83(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/83/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359031]: Words in [s. 104(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 83(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/83/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573221]: Source—1970 s.145
[^c21835011]: [S. 105](https://www.legislation.gov.uk/ukpga/1988/1/section/105) modified by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s. 15A](https://www.legislation.gov.uk/ukpga/1990/1/section/15A) (as inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 201](https://www.legislation.gov.uk/ukpga/1996/8/section/201), [Sch. 39 para. 1(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/1/2))
[^c21852921]: Words in [s. 105(1)(a)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/1/a/4) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21853881]: [S. 105(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/4) repealed (with application in accordance with Sch. 27 Pt. 3(6) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/6)
[^c23365291]: Words in [s. 105(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 84(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/84/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365331]: Word in [s. 105(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 84(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/84/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365351]: Word in [s. 105(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 84(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/84/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365371]: Words in [s. 105(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 84(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/84/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23376861]: Words in [s. 105(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 10](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/10), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21573231]: Source—1970 s.147
[^c21852931]: Word in [s. 106(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/106/2) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23365411]: Words in [s. 106(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/106/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 85(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/85/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365431]: Words in [s. 106(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/106/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 85(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/85/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365451]: Words in [s. 106(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/106/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 85(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/85/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365471]: Words in [s. 106(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/106/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 85(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/85/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365491]: Words in [s. 106(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/106/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 85(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/85/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573271]: Source—1970 s.151(1)
[^c21573291]: Source—1970 s.151(2)-(5)
[^c21852991]: Words in [s. 110(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/110/3/4/5) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23365571]: [S. 110(1A)-(1D)](https://www.legislation.gov.uk/ukpga/1988/1/section/110/1A) subsituted for s. 110(2) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 90](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/90) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23377191]: Words in [s. 110(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/110/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 12](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/12) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22730011]: [S. 111](https://www.legislation.gov.uk/ukpga/1988/1/section/111) modified (1.5.1995) by Finance Act [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)
[^c22730031]: [S. 111](https://www.legislation.gov.uk/ukpga/1988/1/section/111) excluded (subsection (1) excepted) (with application in accordance with s. 44 of the excluding act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(1)(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/1/2), [Sch. 6 para. 6(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/6/paragraph/6/6)
[^c22730041]: [S. 111](https://www.legislation.gov.uk/ukpga/1988/1/section/111) excluded (subsection (1) excepted) (with effect in accordance with s. 64 and Sch. 22 paras. 16-18 of the excluding Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 22 para. 13(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/22/paragraph/13/6)
[^c23365591]: Words in [s. 111(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/111/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 92(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/92/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573401]: Source—1970 s.155(1); 1973 s.31(5); 1980 s.39(3)
[^c21573411]: Source—1970 s.155(2); 1972 s.107(2)
[^c21826551]: [S. 114(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/114/1) modified (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 172(4)-(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/172/4)
[^c21826581]: Words in [s. 114(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/114/1) inserted (with effect in accordance with [s. 215(4)(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/215/4/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 215(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/215/2) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c21826661]: [S. 114(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/114/4) repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 215(3)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/215/3/a), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(a) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c21831731]: Words in [s. 114(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/114/1) inserted (with effect in accordance with [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/4)
[^c21831771]: [S. 114(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/114/3) repealed (with effect in accordance with [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 218(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/218/1)) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(15)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/15), Note 1
[^c23385131]: [S. 115(5C)](https://www.legislation.gov.uk/ukpga/1988/1/section/115/5C) inserted (retrospectively) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 58(1)(4)](https://www.legislation.gov.uk/ukpga/2008/9/section/58/1/4)
[^c21827331]: [S. 115(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/115/1)(6) repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 215(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/215/3/b), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(a) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c21832551]: [S. 115(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/115/4/5) substituted (with effect in accordance with [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/5)
[^c23354721]: Words in [s. 115(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/115/4/b) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23365611]: [S. 115(5)-(5B)](https://www.legislation.gov.uk/ukpga/1988/1/section/115/5) substituted for s. 115(5) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 95(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/95/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23426381]: [S. 115(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/115/5) modified (with retrospective effect) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 58(5)(6)(b)](https://www.legislation.gov.uk/ukpga/2008/9/section/58/5/6/b)
[^c21573471]: Source—1973 s.31(1)-(5), (9), 32(6)
[^c21853931]: [S. 116(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/116/2/d) repealed (with effect in accordance with Sch. 3 para. 10(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 10(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/10/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21859591]: [S. 116(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/116/4/b) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 21](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/21)
[^c23365631]: Word in [s. 116(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/116/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 96](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/96) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573601]: Source—1985 Sch.12 3(1)-(3)
[^c21573611]: Words in [s. 118(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/1) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 4(a)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/4/a)(in relation to losses incurred in accounting periods ending on or after 1.4.1991)
[^c21573631]: Source—1985 Sch.12 3(4), 1, 4
[^c21573641]: Words in [s. 118(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/2) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 4(b)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/4/b)(in relation to losses incurred in accounting periods ending on or after 1.4.1991)
[^c21853941]: Words in [s. 118(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/1/2) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 35](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/35)
[^c21853301]: Words in [s. 118(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21860031]: Words in [s. 118(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/1) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 23(1)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/1/a), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c21860111]: Words in [s. 118(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/1) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 23(1)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/1/b), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c21860071]: [S. 118(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/1/b) and preceding word repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 23(1)(c)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/1/c), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c21860121]: Words in [s. 118(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/2) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 23(2)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/2/a) {Sch. 4} (with Sch. 2 para. 23(3))
[^c21860131]: Words in [s. 118(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/2/b) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 23(2)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/2/b), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 2 para. 23(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/3))
[^c21860091]: [S. 118(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/2/b) and preceding word repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 23(2)(c)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/2/c), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 2 para. 23(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/3))
[^c23377231]: [S. 118(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/2): definition of "limited partner" inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 14(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/14/2) (with Sch.. 2)
[^c23376931]: Words in [s. 118(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 14(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/14/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376951]: Words in [s. 118(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 14(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/14/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377251]: [S. 118(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/3) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 14(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/14/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21860751]: [S. 118ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZA) substituted (retrospective to 6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 75(1)(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/75/1/6)
[^c23365651]: Words in [s. 118ZA(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZA/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 97(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/97/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365671]: Words in [s. 118ZA(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZA/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 97(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/97/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23377281]: [S. 118ZB](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZB) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 15](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/15) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23357671]: [S. 118ZC(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZC/5) inserted (retrospective to 2.12.2004) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 73(3)(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/73/3/5)
[^c23377301]: Words in [s. 118ZC(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZC/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 16(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/16/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376971]: Words in [s. 118ZC(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZC/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 16(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/16/3/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377321]: Word in [s. 118ZC(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZC/2/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 16(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/16/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377341]: Word in [s. 118ZC(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZC/2/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 16(3)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/16/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377361]: Words in [s. 118ZC(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZC/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 16(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/16/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377441]: Word in [s. 118ZC(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZC/3/d) substituted (with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 16(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/16/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377451]: Words in [s. 118ZC(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZC/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 16(5)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/16/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377481]: Words in [s. 118ZC(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZC/4/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 16(5)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/16/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377501]: Words in [s. 118ZC(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZC/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 16(5)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/16/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23376991]: [S. 118ZC(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZC/5) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 16(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/16/6), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377521]: Words in [s. 118ZD(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZD/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 17(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/17/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377011]: Words in [s. 118ZD(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZD/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 17(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/17/2/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377541]: Words in [s. 118ZD(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZD/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 17(2)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/17/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377571]: Words in [s. 118ZD(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZD/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 17(2)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/17/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377591]: Words in [s. 118ZD(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZD/1/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 17(2)(e)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/17/2/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377611]: Words in [s. 118ZD(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZD/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 17(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/17/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377651]: Words in [s. 118ZD(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZD/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 17(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/17/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377661]: Words in [s. 118ZD(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZD/2/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 17(3)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/17/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377701]: Words in [s. 118ZD(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZD/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 17(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/17/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377711]: Words in [s. 118ZD(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZD/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 17(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/17/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377751]: Words in [s. 118ZD(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZD/3/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 17(4)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/17/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21573671]: Source—1970 s.156
[^c21573681]: [S. 119(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/119/1) excluded (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 201(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/2), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21573691]: Words in [s. 119(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/119/1) inserted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(4)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/4) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21832621]: Words in [s. 119(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/119/1) repealed (with effect in accordance with s. 145(3), Sch. 29 Pt. 8(22) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 145(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/145/1), [Sch. 29 Pt. 8(22)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/22)
[^c21832661]: Words in [s. 119(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/119/2) repealed (with effect in accordance with Sch. 29 Pt. 8(22) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(22)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/22)
[^c21861441]: Word in [s. 119(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/119/3) repealed (S.) (28.11.2004) by Abolition of Feudal Tenure etc. (Scotland) Act (asp 5), ss. 71, 77(2), Sch. 12 para. 50(3), {Sch. 13 Pt. 1}; [S.S.I. 2003/456](https://www.legislation.gov.uk/ssi/2003/456), [art. 2](https://www.legislation.gov.uk/ssi/2003/456/article/2)
[^c23365901]: Word in [s. 119(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/119/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 103](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/103) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573701]: Source—1970 s.157
[^c21847521]: Words in [s. 120(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/1) inserted (with effect in accordance with [s. 60(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/60/5) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 60(2)(a)](https://www.legislation.gov.uk/ukpga/1997/16/section/60/2/a)
[^c21847561]: Words in [s. 120(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/1) repealed (with effect in accordance with s. 60(5), Sch. 18 Pt. 6(2) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 60(2)(b)](https://www.legislation.gov.uk/ukpga/1997/16/section/60/2/b), [Sch. 18 Pt. 6(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/2)
[^c21847541]: [S. 120(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/1A) inserted (with effect in accordance with [s. 60(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/60/5) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 60(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/60/3)
[^c21847571]: [S. 120(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/2) repealed (with effect in accordance with s. 60(5), Sch. 18 Pt. 6(2) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 60(4)](https://www.legislation.gov.uk/ukpga/1997/16/section/60/4), [Sch. 18 Pt. 6(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/2)
[^c21847611]: [S. 120(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/5/c) and preceding word repealed (with effect in accordance with s. 60(5), Sch. 18 Pt. 6(2) Note of the repealing Act) by Finance Act 1997, (c. 16), s. 60(5), {Sch. 18 Pt. 6(2)}
[^c23365921]: Word in [s. 120(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 104(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/104/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365941]: Words in [s. 120(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 104(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/104/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365961]: Words in [s. 120(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/1A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 104(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/104/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573711]: Source—1970 s.158(1), (2)
[^c21832671]: [S. 121(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/121/1) substituted for s. 121(1)(2) (with effect in accordance with [s.145(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/145/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 145(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/145/2)
[^c23359361]: [S. 121(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/121/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 105](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/105), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573811]: Source—1970(F) s.29(1), (3); 1971 Sch.9 4
[^c21573821]: [S. 122(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/1/b) and the word "and" immediately preceding it repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 20](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/20), [22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27)).
[^c21573841]: Source—1970(F) s.29(2)
[^c21573851]: [S. 122(3)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/3/8) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch.12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 20](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/20), [22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27)).
[^c21573881]: *For regulations see* Part III Vol.5.
[^c21573891]: [S. 122(5)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/5) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 203(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/203/1), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21573911]: [1966 c. 4](https://www.legislation.gov.uk/ukpga/1966/4).
[^c21573931]: [1969 c. 35 (N.I.)](https://www.legislation.gov.uk/apni/1969/35).
[^c21573941]: [1964 c. 28 (N.I.)](https://www.legislation.gov.uk/apni/1964/28).
[^c21573951]: [1903 c. 37](https://www.legislation.gov.uk/ukpga/1903/37).
[^c21832691]: Words in [s. 122(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/1) repealed (1.5.1995 with effect in accordance with Note to Sch. 29 Pt. 8(22) of the amending act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(22)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/22)
[^c23365991]: Words in [s. 122(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 106(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/106/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359371]: Words in [s. 122(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 106(2)(b)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/106/2/b/d), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23366011]: Word in [s. 122(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 106(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/106/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359411]: Words in [s. 122(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 106(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/106/3/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23366031]: Words in [s. 122(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 106(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/106/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359431]: [S. 122(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 106(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/106/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21574141]: Source—1977 s.48
[^c21574151]: *See* 1989 s.59—*rights of admission disregarded in the case of certain covenanted subscriptions.*
[^c23369551]: [S. 125(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/2/b) substituted (with retrospective effect in accordance with [s. 91(7)](https://www.legislation.gov.uk/ukpga/2005/7/section/91/7) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 91(2)](https://www.legislation.gov.uk/ukpga/2005/7/section/91/2)
[^c23366051]: [S. 125(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/2/a) and word substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 107(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/107/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23366071]: Words in [s. 125(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 107(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/107/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369651]: Words in [s. 125(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/1) repealed (with effect in accordance with s. 38(7)(13) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23377031]: Words in [s. 125(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 21(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/21/2/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377771]: Words in [s. 125(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 21(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/21/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377051]: Words in [s. 125(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/2/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 21(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/21/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377791]: Word in [s. 125(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/3) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 21(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/21/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23377091]: [S. 125(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/3/d) and preceding word repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 21(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/21/4/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21574281]: Source—1985 s.72(1), (2); 1987 (No.2) s.81(1)
[^c21574291]: Words in [s. 128](https://www.legislation.gov.uk/ukpga/1988/1/section/128) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(7)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/7) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21861281]: Words in [s. 128](https://www.legislation.gov.uk/ukpga/1988/1/section/128) renumbered as s. 128(1) (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by virtue of [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 3(1)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/3/1/a) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c21861351]: Words in [s. 128](https://www.legislation.gov.uk/ukpga/1988/1/section/128) renumbered as s. 128(3) (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by virtue of [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 3(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/3/3) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c21574451]: *See*—1988 s.338(6)—*definition applied for purposes of* s.338(3) (*charges*).1988 s.576(5)—*definition applied for purposes of* ss.573 to 576 (*losses on unquoted shares in trading companies*).[Trustee Savings Banks Act 1985 (c.58)](https://www.legislation.gov.uk/ukpga/1985/58) s.5*and* Sch.2 para.6(6).
[^c23356841]: [S. 130](https://www.legislation.gov.uk/ukpga/1988/1/section/130) sidenote substituted (with effect in accordance with ss. 38(5), 42, 43 of the amending Act) by virtue of [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 38(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/38/4)
[^c21574741]: [S. 138](https://www.legislation.gov.uk/ukpga/1988/1/section/138) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss.120](https://www.legislation.gov.uk/ukpga/1992/12/section/120), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21574751]: Source—1972 s.79(1), (4)
[^c21574761]: Source—[1972 c.79](https://www.legislation.gov.uk/ukpga/1972/79)(1), (7)
[^c21574771]: Source—1972 s.79(2)(b), (3)(b), (8)
[^c21574781]: Source—1973 Sch.8 1
[^c21574791]: Source—1972 s.79(2)(c); 1973 Sch.8 4(1)(a)
[^c21574801]: Source—1972 s.79(2)(bb); 1984 s.40(1)
[^c21574811]: Source—1972 s.79(6)
[^c21574821]: Source—1973 Sch.8 1(b), 3; 1974 s.20(2)
[^c21574831]: Source—1973 Sch.8 2
[^c21574841]: Source—1972 s.79(2)(c); 1973 Sch.8 4(1)(a)
[^c21574851]: Source—1972 s.79(2A); 1973 Sch.8 4(1)(b)
[^c21574861]: Source—1972 s.79(2B); 1984 s.40(2)
[^c21574871]: Source—1972 s.79(5), (6); 1973 Sch.8 4(1)(c); 1986 s.26(4)
[^c21574881]: Source—1972 s.79(5A), (5B); 1986 s.26(3), (6)
[^c21574891]: Source—1972 s.79(3)(a); 1974 s.20(1)(b)
[^c21574901]: [Ss. 138](https://www.legislation.gov.uk/ukpga/1988/1/section/138), [139](https://www.legislation.gov.uk/ukpga/1988/1/section/139) repealed by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39) ss. 88, 148, Sch.14 Part VI in respect of shares issued on or after 26 October 1987, subject to transitional arrangements.
[^c23441861]: [Ss. 138-140](https://www.legislation.gov.uk/ukpga/1988/1/section/138) continued for specified purposes (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 418(4)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/4) (and as that affecting section 418 is substituted (with effect in accordance with [Sch. 22 para 2(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/2/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 22 para 2(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/2/1))
[^c23391981]: Words in [s. 138(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/138/1/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 16(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/16/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23392011]: Words in [s. 138(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/138/4/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 16(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/16/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21575111]: [Ss. 138](https://www.legislation.gov.uk/ukpga/1988/1/section/138), [139](https://www.legislation.gov.uk/ukpga/1988/1/section/139) repealed by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [ss. 88](https://www.legislation.gov.uk/ukpga/1988/39/section/88), [148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VI](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14) in respect of shares issued on or after 26 October 1987, subject to transitional arrangements.
[^c23441911]: [Ss. 138-140](https://www.legislation.gov.uk/ukpga/1988/1/section/138) continued for specified purposes (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 418(4)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/4) (and as that affecting section 418 is substituted (with effect in accordance with [Sch. 22 para 2(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/2/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 22 para. 2(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/2/1))
[^c21575011]: Source—1972 s.79(1A), (1B); 1984 s.41(1)
[^c21575021]: Source—1972 s.79(10), (11)
[^c21575031]: Source—1972 Sch.12 3; 1984 s.41(2)
[^c21575041]: Source—1972 Sch.12 3A; 1984 s.40(4)
[^c21575051]: Source—1973 Sch.8 5-7; 1982 s.41
[^c21575061]: Source—11982 s.41; 1986 s.23(4)
[^c21575071]: Source—1973 Sch.8 35; 1972 Sch.12 6, 8
[^c21575081]: Source—1972 s.79(6A); 1986 s.26(5)
[^c21575091]: Source—1972 s.79(4A); 1984 s.40(3)
[^c21575101]: Words in [s. 139(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/139/14) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(10)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/10) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21575731]: Source—1981 s.28; 1987 Sch.3 6
[^c22201601]: Words in [s. 152(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/152/1) inserted (7.10.1996) by [Jobseekers Act 1995 (c. 18)](https://www.legislation.gov.uk/ukpga/1995/18), [s. 41(2)(4)](https://www.legislation.gov.uk/ukpga/1995/18/section/41/2/4), [Sch. 2 para. 13](https://www.legislation.gov.uk/ukpga/1995/18/schedule/2/paragraph/13); [S.I. 1996/2208](https://www.legislation.gov.uk/uksi/1996/2208), [art. 2(b)](https://www.legislation.gov.uk/uksi/1996/2208/article/2/b)
[^c22277021]: Words in [s. 152(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/152/7) substituted (27.6.2002) by [The Secretaries of State for Education and Skills and for Work and Pensions Order 2002 (S.I. 2002/1397)](https://www.legislation.gov.uk/uksi/2002/1397), [Sch. para. 6](https://www.legislation.gov.uk/uksi/2002/1397/schedule/paragraph/6)
[^c21580051]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c21868021]: [S. 208](https://www.legislation.gov.uk/ukpga/1988/1/section/208) excluded (with effect in accordance with s. 230(3) of the excluding Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 219(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/219/4), [220](https://www.legislation.gov.uk/ukpga/1994/9/section/220)
[^c22731381]: [S. 208](https://www.legislation.gov.uk/ukpga/1988/1/section/208) excluded by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 219(4A)](https://www.legislation.gov.uk/ukpga/1994/9/section/219/4A), [220](https://www.legislation.gov.uk/ukpga/1994/9/section/220) (as that s. 219(4A) is inserted (with effect in accordance with [s. 22(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/7) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 22(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/4))
[^c22731391]: [S. 208](https://www.legislation.gov.uk/ukpga/1988/1/section/208) excluded (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1), [6(2)(a)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/6/2/a)
[^c22732721]: [s. 208](https://www.legislation.gov.uk/ukpga/1988/1/section/208) excluded (with effect in accordance with [s. 22(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/7) of the amending Act) by Finance Act1993 (c. 34), s. 171(4A) (as inserted by [1997 c. 58](https://www.legislation.gov.uk/ukpga/1997/58), [s. 22(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/4)),
[^c23397881]: [S. 208](https://www.legislation.gov.uk/ukpga/1988/1/section/208) modified (with retrospective effect) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [Sch. 3 para. 6(1)(2)](https://www.legislation.gov.uk/ukpga/2010/33/schedule/3/paragraph/6/1/2)
[^c21581151]: Source—1970 s.239
[^c21868001]: [Pt. 6 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/6/chapter/2) modified (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(1)(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/1/3), [Sch. 24 para. 14(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/14/5)
[^c21868371]: [Pt. 6 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/6/chapter/2) modified (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 13(5)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/13/5) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7), [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c21885271]: [Pt. 6 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/6/chapter/2) modified (8.11.1995) by [Gas Act 1995 (c. 45)](https://www.legislation.gov.uk/ukpga/1995/45), [s. 18(2)(c)](https://www.legislation.gov.uk/ukpga/1995/45/section/18/2/c), [Sch. 5 paras. 1](https://www.legislation.gov.uk/ukpga/1995/45/schedule/5/paragraph/1), [10(4)](https://www.legislation.gov.uk/ukpga/1995/45/schedule/5/paragraph/10/4)
[^c21581251]: Source—1970 s.233(1); 1980 s.45(2)
[^c21581261]: Source—1970 s.233(2)(a), (b), (c); 1972 Sch.22 1, 2(1)
[^c21581271]: Source—1970 s.233(2)(d)(iii); 1972 Sch.22 3(2)
[^c21581281]: Source—1970 s.233(d), (e); 1970(F) Sch.4 6; 1972 Sch.22 3(1)
[^c21581291]: [S. 209(2)(e)(vii)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/e/vii) and word "or" immediately preceding inserted (16.7.1992 with application where the interest or other distribution is paid after 14.5.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 31(1)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/31/1/4).
[^c21581301]: Source—1972 Sch.22 3(3)
[^c21581311]: Source—1970 s.233(3); 1972 Sch.22 4(3)
[^c21581321]: Source—1972 Sch.22 4(1), (2)
[^c21581331]: Source—1970 s.233(4)
[^c21581341]: Source—1972 Sch.22 2(2)
[^c21581351]: [S. 209(9)-(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/9) inserted (16.7.1992 with application where the interest or other distribution is paid after 14.5.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 31(2)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/31/2/4).
[^c21868391]: [S. 209(2)(da)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/da) inserted (with effect in accordance with [s. 87(7)(8)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/7/8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 87(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/1)
[^c21868411]: Words in [s. 209(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/e) substituted (with effect in accordance with [s. 87(7)(8)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/7/8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 87(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/2/a)
[^c21868471]: [S. 209(2)(e)(iv)(v)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/e/iv/v) repealed (with effect in accordance with s. 87(7)(8) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 87(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/2/b), [Sch. 29 Pt. 8(12)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/12), Note
[^c21868431]: Words in [s. 209(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/3) substituted (with effect in accordance with [s. 87(7)(8)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/7/8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 87(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/2/b)
[^c21868451]: [S. 209(8A)-(8F)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/8A) inserted (with effect in accordance with [s. 87(7)(8)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/7/8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 87(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/3)
[^c21891551]: Words in [s. 209(2)(e)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/e/ii) substituted (with effect in accordance with [Sch. 38 para. 6(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/b)
[^c21890701]: [S. 209(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/3A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/11) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22735861]: [S. 209(2)(da)(e)(vii)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/da/e/vii) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 11A](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/11A) (as inserted (with effect in accordance with [s. 79(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/79/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para 11](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/11) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25)))
[^c22735751]: Words in [s. 209(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/1) substituted (with effect in accordance with [s. 40(11)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/11) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(9)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/9)
[^c22735771]: [S. 209(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/3B) inserted (with application in accordance with [s. 86(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/86/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 86(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/86/1)
[^c22735881]: [S. 209(3AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/3AA) inserted (with effect in accordance with [s. 102(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/102/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 102(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/102/1)
[^c23396201]: [S. 209(2)(b)-(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/b) excluded (12.12.2006 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Taxation of Securitisation Companies Regulations 2006 (S.I. 2006/3296)](https://www.legislation.gov.uk/uksi/2006/3296), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/3296/regulation/1/1), [16](https://www.legislation.gov.uk/uksi/2006/3296/regulation/16)
[^c23394941]: [S. 209(2)(da)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/da) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 34(1)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/34/1/a), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23395031]: Words in [s. 209(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/e) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2)
[^c23395051]: Words in [s. 209(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/3) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23395071]: Words in [s. 209(3A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/3A/a) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23394961]: [S. 209(8A)-(8F)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/8A) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 34(1)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/34/1/b), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23396561]: [S. 209(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/1A) inserted (29.11.2007 with effect in accordance with reg. 3(1) of the amending S.I. (as retrospectively amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(1)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/1)) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 12](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/12)
[^c23396661]: [S. 209(2)(b)-(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/b) excluded (28.12.2007 with effect in accordance with reg. 1 of the affecting S.I.) by [The Taxation of Insurance Securitisation Companies Regulations 2007 (S.I. 2007/3402)](https://www.legislation.gov.uk/uksi/2007/3402), [reg. 8](https://www.legislation.gov.uk/uksi/2007/3402/regulation/8)
[^c21581361]: Source—1970 s.234(1), (2)
[^c21581371]: Source—1972 Sch.22 5(2), (3)
[^c21581381]: Source—1970 s.234(3); 1973 s.54
[^c23396391]: Words in [s. 210(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/210/4) substituted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 7(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/7/2)
[^c21581391]: Source—1970 s.235(1); 1972 Sch.22 6(1), (3)
[^c21581401]: Source—1972 Sch.22 6(2)
[^c21581411]: Source—1970 s.235 (2)-(5)
[^c23397511]: [Pt. 6 Chs. 1-3](https://www.legislation.gov.uk/ukpga/1988/1/part/6/chapter/1): power to amend conferred (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 533(2)(3)(d)](https://www.legislation.gov.uk/ukpga/2009/4/section/533/2/3/d)
[^c23396221]: Words in [s. 209A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/209A/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 22](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/22) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23394681]: Words in [s. 209B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/209B/4) substituted (10.7.2003 subject to Sch. 19 to the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 18 para. 3(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/18/paragraph/3/2)
[^c21581431]: Source—1982 s.60(1)-(4)
[^c21581441]: Words in [s. 212(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/212/1/b) inserted (16.7.1992 with application where the interest or other distribution is paid after 14.5.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 31(3)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/31/3/4).
[^c23395091]: Words in [s. 212(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/212/1/b) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23395141]: Words in [s. 212(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/212/3) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23395131]: [S. 212(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/212/4) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c21581451]: Source—1980 s.117, Sch.18 1-8, 23
[^c21581461]: 1990 s.89*and* Sch.14 para.3 (*correction of errors*)—*deemed always to have had effect. Previously* “(3)(1)(a)”.
[^c23394721]: Words in [s. 213(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/213/11/a) substituted (10.7.2003 subject to Sch. 19 to the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 18 para. 3(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/18/paragraph/3/3)
[^c21581471]: Source—1980 Sch.18 14
[^c21581491]: Source—1980 Sch.18 13
[^c22735921]: Words in [s. 214(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/214/1/c) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 1(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/1/3)
[^c23394741]: Words in [s. 214(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/214/2) substituted (10.7.2003 subject to Sch. 19 to the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 18 para. 3(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/18/paragraph/3/4)
[^c23395571]: Words in [s. 214(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/214/1/a) repealed (with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 111(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/111/2/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395591]: [S. 214(1)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/214/1/ab) inserted (with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 111(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/111/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395611]: [S. 214(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/214/1A/1B) inserted (with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 111(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/111/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23396241]: [S. 214(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/214/1/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 23](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/23), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21581501]: Source—1980 Sch.18 17
[^c21581511]: Source—1980 Sch.18 18
[^c23394761]: Words in [s. 215(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/215/2) substituted (10.7.2003 subject to Sch. 19 to the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 18 para. 3(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/18/paragraph/3/5)
[^c21581521]: Source—1980 Sch.18 19
[^c21581531]: Source—1980 Sch.18 20
[^c21581561]: Source—1980 Sch.18 23
[^c23396611]: [S. 218(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/218/1): definitions of "distributing company" and "exempt distribution" substituted (29.11.2007 with effect in accordance with reg. 3(1) of the amending S.I. (as retrospectively amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(1)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/1)) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 14(a)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/14/a)
[^c23396641]: [S. 218(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/218/1): definition of "relevant company" substituted (29.11.2007 with effect in accordance with reg. 3(1) of the amending S.I. (as retrospectively amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(1)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/1)) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 14(b)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/14/b)
[^c21581541]: Source—1980 Sch.18 21
[^c21581551]: Source—1980 Sch.18 22
[^c21581571]: Source—1982 s.53(1)-(3); 1986 s.100
[^c21581591]: Source—1982 Sch.9 1, 2
[^c23396021]: Words in [s. 220(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/220/6) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [49](https://www.legislation.gov.uk/uksi/2005/3229/regulation/49)
[^c23396371]: [S. 220(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/220/2) repealed (6.4.2007) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 8](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/8), [27(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/2), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15), Note
[^c21581611]: Words in [s. 220(2)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/220/2/9) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(14)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/14) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21581621]: Source—1982 Sch.9 3(1)
[^c21581631]: Source—1982 Sch.9 4
[^c21581641]: Source—1982 Sch.9 3(2)-(4)
[^c21581651]: Source—1982 Sch.9 3(5), (6)
[^c21581661]: [1985 c.6](https://www.legislation.gov.uk/ukpga/1985/6)
[^c21581671]: Source—1982 Sch.9 3(7)
[^c21581681]: Source—1982 Sch.9 5(1), (2)
[^c21581691]: Source—1982 Sch.9 6(1), (2)
[^c21581701]: Source—1982 Sch.9 6(3)
[^c21581711]: Source—1982 Sch.9 5(3)-(6)
[^c21581721]: Source—1982 Sch.9 5(7), 6(4)
[^c21581731]: Source—1982 Sch.9 5(8)-(10)
[^c21581741]: Source—1982 Sch.9 7
[^c21581751]: Source—1982 Sch.9 8
[^c21581761]: Source—1982 Sch.9 9
[^c21581771]: Source—1982 Sch.9 10
[^c21581781]: Source—1982 Sch.9 11
[^c21581791]: Source—1982 Sch.9 12
[^c21581801]: Source—1982 Sch.9 14
[^c23396061]: Words in [s. 227(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/227/2) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [50](https://www.legislation.gov.uk/uksi/2005/3229/regulation/50)
[^c23396081]: Words in [s. 227(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/227/5) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 9(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/9/a), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23396121]: Words in [s. 227(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/227/8/a) substituted (6.4.2006) by Finance Act 2004 (c 12), s. 284(1), Sch. 35 para. 7 (with Sch. 36)
[^c23396101]: Words in [s. 227(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/227/9) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 9(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/9/b), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c21581811]: Source—1982 Sch.9 15
[^c21581821]: Source—1982 Sch.9 16
[^c23396141]: Words in [s. 229(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/229/2) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 10(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/10/a), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23396161]: Words in [s. 229(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/229/2) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 10(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/10/b), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c21581831]: Source—1975 (No.2) Sch.8 6
[^c21581841]: Words in [s. 230](https://www.legislation.gov.uk/ukpga/1988/1/section/230) repealed (in relation to accounting periods beginning after 31.3.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Part V](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17)
[^c23395631]: Words in [s. 230](https://www.legislation.gov.uk/ukpga/1988/1/section/230) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 112](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/112) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21581871]: *See* 1989 s.107*and* Sch.12—*close companies.*
[^c21581881]: Source—1972 s.86; 1972 s.110(1)
[^c21581891]: *See*—s.94—*taxation of dealer's receipts on purchase by company of own shares.*[s.423](https://www.legislation.gov.uk/ukpga/1988/1/section/423)*et seq—close company income.*[s.448](https://www.legislation.gov.uk/ukpga/1988/1/section/448)—*overseas life assurance companies.*
[^c21581951]: *Repealed by* 1989 s.187*and* Sch.17 Part IV*but in accordance with* 1989 ss.110*and* 111.
[^c21893561]: [S. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) excluded by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 171(2B)](https://www.legislation.gov.uk/ukpga/1993/34/section/171/2B) (as inserted (with effect in accordance with [s. 22(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/7) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 22(1)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/1))
[^c21893581]: [S. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) excluded by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 171(4B)](https://www.legislation.gov.uk/ukpga/1993/34/section/171/4B) (as inserted (with effect in accordance with [s. 22(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/7) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 22(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/4))
[^c22732761]: Words in [s. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) substituted (with effect in accordance with [s. 30(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 30(2)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/2/b)
[^c21893641]: [S. 231(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1A) inserted (with effect in accordance with [s. 30(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 30(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/3)
[^c22732921]: [S. 231(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/2) repealed (with effect in accordance with s. 30(11), Sch. 8 Pt. 2(9) Note 3 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 30(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/4), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9) (with savings in [1998 c. 36](https://www.legislation.gov.uk/ukpga/1998/36), [s. 90(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/90/1) and [S.I. 1998/1871](https://www.legislation.gov.uk/uksi/1998/1871), [reg. 4(1)](https://www.legislation.gov.uk/uksi/1998/1871/regulation/4/1))
[^c22732861]: [S. 231(3A)-(3D)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/3A) repealed (with effect in accordance with s. 30(11), Sch. 8 Pt. 2(9) Note 3 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 30(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/7), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9)
[^c22735731]: [S. 231](https://www.legislation.gov.uk/ukpga/1988/1/section/231) excluded (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1), [6(2)(b)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/6/2/b)
[^c22734711]: [S. 231(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/4) applied (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 76(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/76/4)
[^c23396181]: [S. 231](https://www.legislation.gov.uk/ukpga/1988/1/section/231) excluded (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 121(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/121/5), [Sch. 17 para. 18(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/17/paragraph/18/2)
[^c23396771]: [S. 231](https://www.legislation.gov.uk/ukpga/1988/1/section/231) excluded by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/694)](https://www.legislation.gov.uk/uksi/2006/694), [regs. 69Z18(5)](https://www.legislation.gov.uk/uksi/2006/694/regulation/69Z18/5), [69Z19(2)](https://www.legislation.gov.uk/uksi/2006/694/regulation/69Z19/2) (as inserted (6.4.2008) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I. 2008/705)](https://www.legislation.gov.uk/uksi/2008/705), [regs. 1](https://www.legislation.gov.uk/uksi/2008/705/regulation/1), [5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5)
[^c23395651]: Words in [s. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch 1 para. 113(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/113/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23472711]: Words in [s. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) inserted (with effect in accordance with [s. 22(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/7) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 22(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/6)
[^c23395671]: Words in [s. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch 1 para. 113(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/113/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395231]: Words in [s. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 113(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/113/2/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395251]: [S. 231(3)(3AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/3/3AA) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 113(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/113/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395691]: Words in [s. 231(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch 1 para. 113(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/113/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21885251]: [S. 234](https://www.legislation.gov.uk/ukpga/1988/1/section/234) applied (16.8.1995) by [The Venture Capital Trust Regulations 1995 (S.I. 1995/1979)](https://www.legislation.gov.uk/uksi/1995/1979), [reg. 21(2)](https://www.legislation.gov.uk/uksi/1995/1979/regulation/21/2)
[^c21582181]: Source—1970 s.232(4); 1972 Sch.24 18
[^c21582191]: Words in [s. 234(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/234/1) substituted (with application in relation to distributions begun after 16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 32(2)(a)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/32/2/a/4).
[^c21582201]: [S. 234(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/234/3/4) repealed (with application in relation to distributions begun after 16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 32(2)(b)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/32/2/b/4), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 18 Pt.VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII).
[^c21582221]: Source—1972 Sch.21
[^c21582231]: 1989 s.107*and* Sch.12 para.11.*Previously* “paragraph 17 of Schedule 19 for the purposes of that Schedule”.
[^c23397291]: [S. 234A](https://www.legislation.gov.uk/ukpga/1988/1/section/234A) applied (with modifications) (1.4.2006 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/964/regulation/1/1), [70](https://www.legislation.gov.uk/uksi/2006/964/regulation/70) (as amended (1.9.2009) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2009 (S.I. 2009/2036)](https://www.legislation.gov.uk/uksi/2009/2036), [regs. 1](https://www.legislation.gov.uk/uksi/2009/2036/regulation/1), [2](https://www.legislation.gov.uk/uksi/2009/2036/regulation/2), [25](https://www.legislation.gov.uk/uksi/2009/2036/regulation/25))
[^c23397311]: [S. 234A](https://www.legislation.gov.uk/ukpga/1988/1/section/234A) applied (1.9.2009 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Investment Trusts (Dividends) (Optional Treatment as Interest Distributions) Regulations 2009 (S.I. 2009/2034)](https://www.legislation.gov.uk/uksi/2009/2034), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/2034/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2009/2034/regulation/21)
[^c23394591]: [S. 234A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/234A/4) excluded (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 493(3)](https://www.legislation.gov.uk/ukpga/2003/1/section/493/3) (with [s. 493(5)](https://www.legislation.gov.uk/ukpga/2003/1/section/493/5), [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23486891]: [S. 234A(4)-(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/234A/4) applied (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 2 para. 80(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/2/paragraph/80/4) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21891531]: [S. 234A(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/234A/8A) inserted (with application in accordance with [Sch. 37 para. 7](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/7) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 2(1)(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/2/1/2/a)
[^c22732981]: Words in [s. 231B(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/231B/4/b) repealed (with effect in accordance with Sch. 4 para. 26(2), Sch. 8 Pt. 2(10) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para 26(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/26/1), [Sch. 8 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/10)
[^c23395801]: Words in [s. 231B(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/231B/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 116](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/116) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23396351]: [S. 231B(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/231B/12): definition of "tax advantage" substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 26](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/26)
[^c23395171]: [S. 231AA(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA/1A) inserted (with effect in accordance with [Sch. 24 para. 1(4)(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/1/4/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 1(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/1/1)
[^c23396261]: Words in [s. 231AA(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 24(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/24/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23396281]: [S. 231AA(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA/1A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 24(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/24/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23396411]: Words in [s. 231AA(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA/1) substituted (with effect in accordance with [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 14 para. 2(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/2/2/a); [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)
[^c23396431]: Words in [s. 231AA(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA/1) substituted (with effect in accordance with [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 14 para. 2(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/2/2/b); [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)
[^c23396461]: [S. 231AA(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA/3) substituted (with effect in accordance with [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 14 para. 2(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/2/3); [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)
[^c23396481]: Words in [s. 231AA(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA/4) repealed (with effect in accordance with s. 47(4) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 14 para. 2(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/2/4), [Sch. 27 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/14); [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)
[^c23396501]: [S. 231AA(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA/5) inserted (with effect in accordance with [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 14 para. 2(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/2/5); [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)
[^c23395191]: [S. 231AB(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AB/1A) inserted (with effect in accordance with [Sch. 24 para. 1(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/1/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 1(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/1/2)
[^c23396301]: Words in [s. 231AB(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AB/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 25(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/25/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23396321]: [S. 231AB(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AB/1A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 25(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/25/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23396521]: [S. 231AB(1)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AB/1/a) substituted (with effect in accordance with [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 14 para. 3(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/3/2); [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)
[^c23396541]: [S. 231AB(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AB/2) substituted (with effect in accordance with [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 14 para. 3(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/3/3); [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)
[^c21583561]: *See* Sch.10 para.5—*profit sharing schemes.*
[^c21583571]: Source—1975 (No.2) s.34(1)-(6)
[^c21583581]: *Words repealed by* 1989 s.187*and* Sch.17 Part V*in relation to accounting periods beginning after* 31*March* 1989.
[^c23395821]: Words in [s. 249(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/249/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch 1 para. 119(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/119/2)
[^c23395361]: [S. 249(4)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/249/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 119(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/119/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395841]: Words in [s. 249(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/249/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by virtue of [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 119(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/119/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395421]: Words in [s. 249(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/249/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 119(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/119/4/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395861]: Words in [s. 249(9)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/249/9/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 119(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/119/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21583661]: Source—1975 (No.2) Sch.8 7(1)
[^c21583671]: Source—1975 (No.2) Sch.8 7(2)
[^c21583681]: Source—1975 (No.2) Sch.8 7(3)-(6)
[^c21583691]: Words in [s. 250(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/250/7) repealed by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Part V](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17) (in relation to accounting periods beginning after 31 March 1989).
[^c23395901]: Words in [s. 250(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/250/5/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 120(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/120/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395921]: Words in [s. 250(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/250/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 120(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/120/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21583751]: Source—1975 (No.2) s.34(8)(a)-(d)
[^c21891881]: [S. 251(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/251/1/c) applied (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 7 para. 4(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/4/2)
[^c23395441]: [S. 251(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/251/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 121](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/121), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21583831]: Source—1972 s.102; (No.2) s.88(5)-(7)
[^c21583821]: [S. 252](https://www.legislation.gov.uk/ukpga/1988/1/section/252) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 80(8)](https://www.legislation.gov.uk/ukpga/1993/34/section/80/8)
[^c21885211]: [S. 252](https://www.legislation.gov.uk/ukpga/1988/1/section/252) modified (16.8.1995) by [The Venture Capital Trust Regulations 1995 (S.I. 1995/1979)](https://www.legislation.gov.uk/uksi/1995/1979), [reg. 15(4)(5)](https://www.legislation.gov.uk/uksi/1995/1979/regulation/15/4/5)
[^c21885231]: [S. 252](https://www.legislation.gov.uk/ukpga/1988/1/section/252) applied (16.8.1995) by [The Venture Capital Trust Regulations 1995 (S.I. 1995/1979)](https://www.legislation.gov.uk/uksi/1995/1979), [reg. 20](https://www.legislation.gov.uk/uksi/1995/1979/regulation/20)
[^c22733931]: [S. 252](https://www.legislation.gov.uk/ukpga/1988/1/section/252) modified (31.7.1997) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 35(10)](https://www.legislation.gov.uk/ukpga/1997/58/section/35/10)
[^c21583841]: [S. 252(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/252/4) power exercised: 30.9.1993 appointed for the purposes of s. 252(2)(3) by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/b).
[^c21583861]: *See* 1989 s.157(1)*for reckonable date for interest charge under* 1970(M) s.86*where assessment made to recover corporation tax payable as the result of a claim under* s.240*made on or after* 14*March* 1989. (*Ceases to have effect for accounting periods ending after the day appointed for the purposes of* s.86).
[^c22735471]: [S. 252(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/252/1/a) repealed (with effect in accordance with Sch. 3 para. 21(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 21(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/21/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21583871]: Source—1972 s.108
[^c22735491]: [S. 253(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/253/1/b) repealed (with effect in accordance with Sch. 3 para. 22(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 22(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/22/2/a), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22735511]: Words in [s. 253(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/253/1) repealed (with effect in accordance with Sch. 3 para. 22(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 22(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/22/2/b), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22735551]: [S. 253(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/253/2) repealed (with effect in accordance with Sch. 3 para. 22(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 22(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/22/3), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22735531]: Words in [s. 253(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/253/3/a) repealed (with effect in accordance with Sch. 3 para. 22(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 22(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/22/4), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21583881]: Source—1970 s.237(1), (3), (5); 1972 Sch.22 10(4)
[^c21583911]: Source—1972 Sch.22 10(1)-(3)
[^c21583921]: Source—1970 s.237(1)
[^c21583931]: Source—1972 Sch.22 8
[^c21583941]: Source—1972 Sch.22 9
[^c21583951]: Source—1970 s.237 (2)
[^c21583961]: Source—1970 s.237(4)
[^c21583971]: Source—1970 s.237(6)
[^c21583981]: Source—1970 s.237(7)
[^c21891591]: Words in [s. 254(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/254/11) substituted (with effect in accordance with [Sch. 38 para. 6(6)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(d)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/d)
[^c21890661]: [Pt. 6](https://www.legislation.gov.uk/ukpga/1988/1/part/6) modified by [Airports Act 1986 (c. 31)](https://www.legislation.gov.uk/ukpga/1986/31), [s. 77(3)](https://www.legislation.gov.uk/ukpga/1986/31/section/77/3) (as substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15)))
[^c21890681]: [Pt. 6](https://www.legislation.gov.uk/ukpga/1988/1/part/6) modified by [Gas Act 1986 (c. 44)](https://www.legislation.gov.uk/ukpga/1986/44), [s. 60(3)](https://www.legislation.gov.uk/ukpga/1986/44/section/60/3) (as substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 4](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/4) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15)))
[^c21890911]: [Pt. 6](https://www.legislation.gov.uk/ukpga/1988/1/part/6) modified by [British Steel Act 1988 (c. 35)](https://www.legislation.gov.uk/ukpga/1988/35), [s. 11(7)](https://www.legislation.gov.uk/ukpga/1988/35/section/11/7) (as substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 55](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/55) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15)))
[^c21584011]: Source-1970 s.5; 1971 Sch.4 3; 1975 (No.2) s.31(3); 1976 Sch.4 3(1), 18(1)
[^c21584021]: “287 and 288” *repealed by* 1988(F) Sch.14 Part. VIII*for* 1990-91*and subsequent years. And see* 1970(M) ss.42*and* 43—*procedure on claims and appeals.*
[^c21866331]: [S. 256](https://www.legislation.gov.uk/ukpga/1988/1/section/256) renumbered as s. 256(1) (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by Finance Act [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9), [s. 77(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/1)
[^c21866351]: [S. 256(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/256/2/3) inserted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by Finance Act [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9), [s. 77(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/2)
[^c23414651]: Words in [s. 256(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/256/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 27(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/27/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414671]: Words in [s. 256(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/256/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 27(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/27/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414691]: Words in [s. 256(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/256/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 27(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/27/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414311]: [S. 256(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/256/3) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 27(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/27/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21584101]: [Ss. 257-257F](https://www.legislation.gov.uk/ukpga/1988/1/section/257) substituted for s. 257 (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 33](https://www.legislation.gov.uk/ukpga/1988/39/section/33)
[^c21584131]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.677](https://www.legislation.gov.uk/ukcm/1990/677), [arts.2(1)(3)](https://www.legislation.gov.uk/ukcm/1990/677/article/2/1/3) (*in* Part III Vol.5)*for* 1990-91.
[^c21584171]: 1989 s.33 for 1990-91*and subsequent years.*
[^c22732341]: [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amended (1991-92) by [S.I. 1991/732](https://www.legislation.gov.uk/uksi/1991/732), [art. 2(3)](https://www.legislation.gov.uk/uksi/1991/732/article/2/3) [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amended (1992-93) by [S.I. 1992/622](https://www.legislation.gov.uk/uksi/1992/622), [art. 2(3)](https://www.legislation.gov.uk/uksi/1992/622/article/2/3) [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amounts specified (1993-94) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 52](https://www.legislation.gov.uk/ukpga/1993/34/section/52) (in place of [S.I. 1993/755](https://www.legislation.gov.uk/uksi/1993/755), [art. 2(3)](https://www.legislation.gov.uk/uksi/1993/755/article/2/3)) [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amounts specified (1994-95) by [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9), [s. 76](https://www.legislation.gov.uk/ukpga/1994/9/section/76) (in place of [S.I. 1993/2948](https://www.legislation.gov.uk/uksi/1993/2948), [art. 2(3)](https://www.legislation.gov.uk/uksi/1993/2948/article/2/3)) [S. 257(1)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/5) amended (1995-96) by [S.I. 1994/3012](https://www.legislation.gov.uk/uksi/1994/3012), [art. 2(3)(a)(d)](https://www.legislation.gov.uk/uksi/1994/3012/article/2/3/a/d) [S. 257(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3) amended (1995-96) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 36](https://www.legislation.gov.uk/ukpga/1995/4/section/36) (in place of [S.I. 1994/3012](https://www.legislation.gov.uk/uksi/1994/3012), [art. 2(3)(b)(c)](https://www.legislation.gov.uk/uksi/1994/3012/article/2/3/b/c)) [S. 257(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/5) amended (1996-97) by [S.I. 1995/3031](https://www.legislation.gov.uk/uksi/1995/3031), [art. 2(3)(d)](https://www.legislation.gov.uk/uksi/1995/3031/article/2/3/d) [S. 257(1)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/2/3) amended (1996-97) by [1996 c. 8](https://www.legislation.gov.uk/ukpga/1996/8), [s. 74(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/74/2) (in place of [S.I. 1995/3031](https://www.legislation.gov.uk/uksi/1995/3031), [art. 2(3)(a)-(c)](https://www.legislation.gov.uk/uksi/1995/3031/article/2/3/a)) [S. 257(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/5) amended (1997-98) by [S.I. 1996/2952](https://www.legislation.gov.uk/uksi/1996/2952), [art. 2(3)(d)](https://www.legislation.gov.uk/uksi/1996/2952/article/2/3/d) [S. 257(1)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/2/3) amended (1997-98) by [1997 c. 16](https://www.legislation.gov.uk/ukpga/1997/16), [s. 55(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/55/2) (in place of [S.I. 1996/2952](https://www.legislation.gov.uk/uksi/1996/2952), [art. 2(3)(a)-(c)](https://www.legislation.gov.uk/uksi/1996/2952/article/2/3/a)) [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amended (1998-99) by [S.I. 1998/755](https://www.legislation.gov.uk/uksi/1998/755), [art. 2(3)](https://www.legislation.gov.uk/uksi/1998/755/article/2/3) [S. 257(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1) amended (1999-00) by [S.I. 1998/2704](https://www.legislation.gov.uk/uksi/1998/2704), [art. 2](https://www.legislation.gov.uk/uksi/1998/2704/article/2) [S. 257(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/5) amended (1999-00) by [S.I. 1999/597](https://www.legislation.gov.uk/uksi/1999/597), [art. 2(3)(c)](https://www.legislation.gov.uk/uksi/1999/597/article/2/3/c) [S. 257(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3) amended (1999-00) by [1999 c. 16](https://www.legislation.gov.uk/ukpga/1999/16), [s. 24(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/24/1) (in place of [S.I. 1999/597](https://www.legislation.gov.uk/uksi/1999/597), [art. 2(3)(a)(b)](https://www.legislation.gov.uk/uksi/1999/597/article/2/3/a/b)) [S. 257(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1) amended (2000-01) by [S.I. 1999/3038](https://www.legislation.gov.uk/uksi/1999/3038), [art. 2](https://www.legislation.gov.uk/uksi/1999/3038/article/2) [S. 257(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3/5) amended (2000-01) by [S.I. 2000/806](https://www.legislation.gov.uk/uksi/2000/806), [art. 2(3)](https://www.legislation.gov.uk/uksi/2000/806/article/2/3) [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amended (2001-02) by [S.I. 2000/2996](https://www.legislation.gov.uk/uksi/2000/2996), [art. 2(2)](https://www.legislation.gov.uk/uksi/2000/2996/article/2/2) [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amended (2002-03) by [S.I. 2001/3773](https://www.legislation.gov.uk/uksi/2001/3773), [art. 2(2)](https://www.legislation.gov.uk/uksi/2001/3773/article/2/2) [S. 257(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1) amended (2003-04) by [2002 c. 23](https://www.legislation.gov.uk/ukpga/2002/23), [s. 28(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/28/1) [S. 257(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3) amended (2003-04) by [2002 c. 23](https://www.legislation.gov.uk/ukpga/2002/23), [s. 29(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/29/1) [S. 257(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/5) amended (2003-04) by [S.I. 2002/2930](https://www.legislation.gov.uk/uksi/2002/2930), [art. 2(2)](https://www.legislation.gov.uk/uksi/2002/2930/article/2/2) [S. 257(1)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/5) amended (2004-05) by [S.I. 2003/3215](https://www.legislation.gov.uk/uksi/2003/3215), [art. 2(2)(a)(d)](https://www.legislation.gov.uk/uksi/2003/3215/article/2/2/a/d) [S. 257(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3) amended (2004-05) by [2004 c. 12](https://www.legislation.gov.uk/ukpga/2004/12), [s. 24(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/24/1) (in place of [S.I. 2003/3215](https://www.legislation.gov.uk/uksi/2003/3215), [art. 2(2)(b)(c)](https://www.legislation.gov.uk/uksi/2003/3215/article/2/2/b/c)) [S. 257(1)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/5) amended (2005-06) by [S.I. 2004/3161](https://www.legislation.gov.uk/uksi/2004/3161), [art. 2(2)(a)(d)](https://www.legislation.gov.uk/uksi/2004/3161/article/2/2/a/d) [S. 257(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3) amended (2005-06) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [s. 9(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/9/1) (in place of [S.I. 2004/3161](https://www.legislation.gov.uk/uksi/2004/3161), [art. 2(2)(b)(c)](https://www.legislation.gov.uk/uksi/2004/3161/article/2/2/b/c)) [S. 257(1)(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/2/3/5) amended (2006-07) by [S.I. 2005/3327](https://www.legislation.gov.uk/uksi/2005/3327), [art. 2(2)](https://www.legislation.gov.uk/uksi/2005/3327/article/2/2) [S. 257(1)(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/2/3/5) amended (2007-08) by [S.I. 2006/3241](https://www.legislation.gov.uk/uksi/2006/3241), [art. 2(2)](https://www.legislation.gov.uk/uksi/2006/3241/article/2/2) [S. 257(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/5) amended (2008-09) by [S.I. 2008/673](https://www.legislation.gov.uk/uksi/2008/673), [art. 2(3)(d)](https://www.legislation.gov.uk/uksi/2008/673/article/2/3/d) [S. 257(1)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/2/3) amended (2008-09) by [2008 c. 9](https://www.legislation.gov.uk/ukpga/2008/9), [ss. 2(1)(b)](https://www.legislation.gov.uk/ukpga/2008/9/section/2/1/b), [3(1)](https://www.legislation.gov.uk/ukpga/2008/9/section/3/1) (in place of [S.I. 2008/673](https://www.legislation.gov.uk/uksi/2008/673), [art. 2(3)(a)-(c)](https://www.legislation.gov.uk/uksi/2008/673/article/2/3/a)) [S. 257(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3/5) amended (2009-10) by [S.I. 2008/3024](https://www.legislation.gov.uk/uksi/2008/3024), [art. 2(b)(ii)-(iv)](https://www.legislation.gov.uk/uksi/2008/3024/article/2/b/ii) [S. 257(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1) amended (2009-10) by [2009 c. 10](https://www.legislation.gov.uk/ukpga/2009/10), [s. 3(1)(b)](https://www.legislation.gov.uk/ukpga/2009/10/section/3/1/b) (in place of [S.I. 2008/3024](https://www.legislation.gov.uk/uksi/2008/3024), [art. 2(b)(i)](https://www.legislation.gov.uk/uksi/2008/3024/article/2/b/i))
[^c22222711]: Words in [s. 257(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3) repealed (with effect as mentioned in s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 13](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/13), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c23411951]: [S. 257(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/5) modified (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 192(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/192/5), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23414711]: Words in [s. 257(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 29(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/29/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414731]: Words in [s. 257(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 29(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/29/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414751]: Words in [s. 257(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 29(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/29/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414771]: Words in [s. 257(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 29(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/29/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414791]: Words in [s. 257(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 29(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/29/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414811]: Words in [s. 257(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 29(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/29/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414831]: [S. 257(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/6) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 29(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/29/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21584381]: [S. 257A(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5) amended (1991-92) by [S.I. 1991/732](https://www.legislation.gov.uk/uksi/1991/732), [art. 2(4)(b)-(d)](https://www.legislation.gov.uk/uksi/1991/732/article/2/4/b) [S. 257A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/1) amended (1991-92) by [1991 c. 31](https://www.legislation.gov.uk/ukpga/1991/31), [s. 22(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/22/2) (in place of [S.I. 1991/732](https://www.legislation.gov.uk/uksi/1991/732), [art. 2(4)(a)](https://www.legislation.gov.uk/uksi/1991/732/article/2/4/a)) [S. 257A(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5) amended (1992-93) by [S.I. 1992/622](https://www.legislation.gov.uk/uksi/1992/622), [art. 2(4)(b)-(d)](https://www.legislation.gov.uk/uksi/1992/622/article/2/4/b) [S. 257A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/1) amended (1992-93) by [1992 c. 20](https://www.legislation.gov.uk/ukpga/1992/20), [s. 10(3)(5)](https://www.legislation.gov.uk/ukpga/1992/20/section/10/3/5) (in place of [S.I. 1992/622](https://www.legislation.gov.uk/uksi/1992/622), [art. 2(4)(a)](https://www.legislation.gov.uk/uksi/1992/622/article/2/4/a)) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amounts specified (1993-94) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 52](https://www.legislation.gov.uk/ukpga/1993/34/section/52) (in place of [S.I. 1993/755](https://www.legislation.gov.uk/uksi/1993/755), [art. 2(4)](https://www.legislation.gov.uk/uksi/1993/755/article/2/4)) [S. 257A(1)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/1/2/3) amended (1994-95) by [S.I. 1993/2948](https://www.legislation.gov.uk/uksi/1993/2948), [art. 2(4)(a)-(c)](https://www.legislation.gov.uk/uksi/1993/2948/article/2/4/a) [S. 257A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/5) amount specified (1994-95) [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9), [s. 78](https://www.legislation.gov.uk/ukpga/1994/9/section/78) (in place of [S.I. 1993/2948](https://www.legislation.gov.uk/uksi/1993/2948), [art. 2(4)(d)](https://www.legislation.gov.uk/uksi/1993/2948/article/2/4/d)) [S. 257A(1)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/1/2/3) amended (1995-96) by [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9), [s. 77(9)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/9) [S. 257A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/5) amended (1995-96) by [S.I. 1994/3012](https://www.legislation.gov.uk/uksi/1994/3012), [art. 2(4)](https://www.legislation.gov.uk/uksi/1994/3012/article/2/4) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (1996-97) by [S.I. 1995/3031](https://www.legislation.gov.uk/uksi/1995/3031), [art. 2(4)](https://www.legislation.gov.uk/uksi/1995/3031/article/2/4) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (1997-98) by [S.I. 1996/2952](https://www.legislation.gov.uk/uksi/1996/2952), [art. 2(4)](https://www.legislation.gov.uk/uksi/1996/2952/article/2/4) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (1998-99) by [S.I. 1998/755](https://www.legislation.gov.uk/uksi/1998/755), [art. 2(4)](https://www.legislation.gov.uk/uksi/1998/755/article/2/4) [S. 257A(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3) amended (1999-00) by [1998 c. 36](https://www.legislation.gov.uk/ukpga/1998/36), [s. 27(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/27/2) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (1999-00) by [S.I. 1999/597](https://www.legislation.gov.uk/uksi/1999/597), [art. 2(4)](https://www.legislation.gov.uk/uksi/1999/597/article/2/4) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (2000-01) by [S.I. 2000/806](https://www.legislation.gov.uk/uksi/2000/806), [art. 2(4)](https://www.legislation.gov.uk/uksi/2000/806/article/2/4) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (2001-02) by [S.I. 2000/2996](https://www.legislation.gov.uk/uksi/2000/2996), [art. 2(3)](https://www.legislation.gov.uk/uksi/2000/2996/article/2/3) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (2002-03) by [S.I. 2001/3773](https://www.legislation.gov.uk/uksi/2001/3773), [art. 2(3)](https://www.legislation.gov.uk/uksi/2001/3773/article/2/3) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (2003-04) by [S.I. 2002/2930](https://www.legislation.gov.uk/uksi/2002/2930), [art. 2(3)](https://www.legislation.gov.uk/uksi/2002/2930/article/2/3) [S. 257A(2)(3)(5)(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5/5A) amended (2004-05) by [S.I. 2003/3215](https://www.legislation.gov.uk/uksi/2003/3215), [art. 2(3)](https://www.legislation.gov.uk/uksi/2003/3215/article/2/3) [S. 257A(2)(3)(5)(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5/5A) amended (2005-06) by [S.I. 2004/3161](https://www.legislation.gov.uk/uksi/2004/3161), [art. 2(3)](https://www.legislation.gov.uk/uksi/2004/3161/article/2/3) [S. 257A(2)(3)(5)(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5/5A) amended (2006-07) by [S.I. 2005/3327](https://www.legislation.gov.uk/uksi/2005/3327), [art. 2(3)](https://www.legislation.gov.uk/uksi/2005/3327/article/2/3) [S. 257A(2)(3)(5)(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5/5A) amended (2007-08) by [S.I. 2006/3241](https://www.legislation.gov.uk/uksi/2006/3241), [art. 2(3)](https://www.legislation.gov.uk/uksi/2006/3241/article/2/3) [S. 257A(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5) amended (2008-09) by [S.I. 2008/673](https://www.legislation.gov.uk/uksi/2008/673), [art. 2(4)](https://www.legislation.gov.uk/uksi/2008/673/article/2/4) [S. 257A(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5) amended (2009-10) by [S.I. 2008/3024](https://www.legislation.gov.uk/uksi/2008/3024), [art. 2(c)](https://www.legislation.gov.uk/uksi/2008/3024/article/2/c)
[^c21584451]: 1989 s.33 for 1990-91*and subsequent years.*
[^c22219311]: [Ss. 257A-262](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) restricted (with effect as mentioned in s. 77(7) of the restricting Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 4(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/4/1)
[^c21866261]: Words in [s. 257A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2) substituted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 77(2)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/2/b)
[^c21866281]: Words in [s. 257A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3) substituted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 77(2)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/2/c)
[^c21584481]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.677](https://www.legislation.gov.uk/ukcm/1990/677), [arts.2(1)(4)](https://www.legislation.gov.uk/ukcm/1990/677/article/2/1/4) (*in* Part III Vol.5)*for* 1990-91.
[^c22226371]: Words in [s. 257A(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3) substituted (with effect in as mentioned in [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 14(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/14/3)
[^c22299371]: [S. 257A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/1) repealed (with effect as mentioned in s. 31(10), Sch. 20 Pt. 3(3) Note 2 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/2), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3)
[^c22293281]: Words in [s. 257A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2) substituted (with effect as mentioned in [s. 31(10)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/10) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(3)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/3/a)
[^c22299141]: Word in [s. 257A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3) inserted (with effect as mentioned in [s. 31(10)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/10) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(4)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/4/a)
[^c22299161]: [S. 257A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3/b) and preceding word inserted (with effect as mentioned in [s. 31(10)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/10) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(4)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/4/b)
[^c22299391]: Words in [s. 257A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3) repealed (with effect as mentioned in s. 31(10), Sch. 20 Pt. 3(3) Note 2 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(4)(c)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/4/c), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3)
[^c22732351]: Words in [s. 257A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/4) substituted (with effect as mentioned in [s. 31(10)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/10) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(5)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/5/a)
[^c22299291]: Words in [s. 257A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/4) substituted (with effect as mentioned in [s. 31(10)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/10) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(5)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/5/b)
[^c22299501]: Words in [s. 257A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/5) repealed (with effect as mentioned in s. 31(11), Sch. 20 Pt. 3(3) Note 1 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/6), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3) (with [s. 32(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/5))
[^c22299311]: [S. 257A(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/5A) inserted (with effect as mentioned in [s. 31(11)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/11) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(7)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/7) (with [s. 32(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/5))
[^c22299331]: Words in [s. 257A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/6) substituted (with effect as mentioned in [s. 31(10)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/10) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(8)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/8)
[^c22299351]: [S. 257A(7)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/7) inserted (with effect as mentioned in [s. 31(12)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/12) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(9)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/9)
[^c23398291]: [S. 257A(7)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/7) repealed (6.4.2003) by [Tax Credits Act 2002 (c. 21)](https://www.legislation.gov.uk/ukpga/2002/21), [s. 61](https://www.legislation.gov.uk/ukpga/2002/21/section/61), [Sch. 6](https://www.legislation.gov.uk/ukpga/2002/21/schedule/6); [S.I. 2003/962](https://www.legislation.gov.uk/uksi/2003/962), [art. 2(3)(e)](https://www.legislation.gov.uk/uksi/2003/962/article/2/3/e), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/962/schedule/1) (with [arts. 3](https://www.legislation.gov.uk/uksi/2003/962/article/3), [5](https://www.legislation.gov.uk/uksi/2003/962/article/5))
[^c23408631]: Words in [s. 257A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [51(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/51/2/a)
[^c23408651]: Words in [s. 257A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [51(2)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/51/2/b)
[^c23408671]: Words in [s. 257A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [51(3)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/51/3/a)
[^c23408691]: Words in [s. 257A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [51(3)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/51/3/b)
[^c23487281]: [S. 257A(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3A) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [51(4)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/51/4)
[^c23411971]: [S. 257A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/5) modified (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 192(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/192/5), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23414851]: Words in [s. 257A(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 30(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/30/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414881]: Words in [s. 257A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 30(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/30/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414901]: Words in [s. 257A(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/5A) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by the [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 30(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/30/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414921]: Words in [s. 257A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/6) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 30(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/30/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414941]: [S. 257A(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/6A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 30(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/30/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21584551]: [S. 257BA](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA), [257BB](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB) substituted for s. 257B (16.7.1992 with application in relation to tax for the year 1993-94 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 20](https://www.legislation.gov.uk/ukpga/1992/48/section/20), [Sch. 5 paras.2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/2), [10](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/10).
[^c21584561]: 1989 s.33(10).
[^c21584571]: 1989 s.57(4).
[^c21584581]: [S. 257B(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/257B/2/e) and ',or' preceding it inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 33(4)](https://www.legislation.gov.uk/ukpga/1991/31/section/33/4)
[^c21584591]: [S. 257B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257B/3) applied (with modifications) for the year of assessment 1990-91 by [S.I. 1993/415](https://www.legislation.gov.uk/uksi/1993/415), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1993/415/regulation/1/1), [9](https://www.legislation.gov.uk/uksi/1993/415/regulation/9), [Sch.2](https://www.legislation.gov.uk/uksi/1993/415/schedule/2)
[^c22219351]: [S. 257B-262](https://www.legislation.gov.uk/ukpga/1988/1/section/257B) restricted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 4(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/4/1)
[^c22732541]: [S. 257C](https://www.legislation.gov.uk/ukpga/1988/1/section/257C) applied (2000-01 and subsequent years of assessment) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 32(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/5)
[^c21584691]: [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1991-92) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 22(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/22/1) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1992-93) by [Finance Act 1992 (c. 20)](https://www.legislation.gov.uk/ukpga/1992/20), [s. 10(3)(5)](https://www.legislation.gov.uk/ukpga/1992/20/section/10/3/5) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1993-94) by Finance Act [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 52](https://www.legislation.gov.uk/ukpga/1993/34/section/52) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1994-95) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 76](https://www.legislation.gov.uk/ukpga/1994/9/section/76) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1994-95, 1995-96) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 77(10)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/10) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1994-95) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 78](https://www.legislation.gov.uk/ukpga/1994/9/section/78) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1995-96) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 36](https://www.legislation.gov.uk/ukpga/1995/4/section/36) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1996-97) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 74(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/74/1) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1997-98) by [Finance Act 1997 (c.16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 55(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/55/1) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1999-00) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 24(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/24/2) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (2003-04) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [ss. 28(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/28/2), [29(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/29/2) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (2004-05) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 24(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/24/2) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (2005-06) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 9](https://www.legislation.gov.uk/ukpga/2005/7/section/9) [S. 257C](https://www.legislation.gov.uk/ukpga/1988/1/section/257C) excluded (2008-09) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [ss. 2(2)(b)](https://www.legislation.gov.uk/ukpga/2008/9/section/2/2/b), [3(2)(b)](https://www.legislation.gov.uk/ukpga/2008/9/section/3/2/b) [S. 257C](https://www.legislation.gov.uk/ukpga/1988/1/section/257C) excluded (2009-10) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [s. 3(2)(b)](https://www.legislation.gov.uk/ukpga/2009/10/section/3/2/b)
[^c21584701]: Words in [s. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 107(3)(a)(8)](https://www.legislation.gov.uk/ukpga/1993/34/section/107/3/a/8)
[^c21584721]: [S. 257C(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/2) repealed (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 107(3)(b)(8)](https://www.legislation.gov.uk/ukpga/1993/34/section/107/3/b/8), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III)
[^c21584731]: *See* S.I. [1990 No.677](https://www.legislation.gov.uk/ukcm/1990/677)*in* Part III Vol.5*for* 1990-91.
[^c21584741]: *Repealed by* 1990 s.132*and* Sch.19 Part IV.
[^c22732551]: [S. 257C(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/2A) inserted (1999-00 and subsequent years of assessment) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 25(3)(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/25/3/4)
[^c22732661]: [S. 257C(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/2A) modified (2002-03) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 27(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/27/b)
[^c23398351]: Words in [s. 257C(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1/3) repealed (6.4.2003) by [Tax Credits Act 2002 (c. 21)](https://www.legislation.gov.uk/ukpga/2002/21), [s. 61](https://www.legislation.gov.uk/ukpga/2002/21/section/61), [Sch. 6](https://www.legislation.gov.uk/ukpga/2002/21/schedule/6); [S.I. 2003/962](https://www.legislation.gov.uk/uksi/2003/962), [art. 2(3)(e)](https://www.legislation.gov.uk/uksi/2003/962/article/2/3/e), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/962/schedule/1) (with [arts. 3](https://www.legislation.gov.uk/uksi/2003/962/article/3), [5](https://www.legislation.gov.uk/uksi/2003/962/article/5))
[^c23403961]: Words in [s. 257C(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/2A) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 35](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/35) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23411181]: Words in [s. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [55(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/55/a)
[^c23411201]: Words in [s. 257C(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1/a) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [55(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/55/b)
[^c23411221]: Words in [s. 257C(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/3) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [55(c)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/55/c)
[^c23415311]: Words in [s. 257C(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 34(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/34/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21585391]: 1988(F) s.35*and* Sch.3 para.8*for* 1990-91*and subsequent years. Previously* “Relief for blind persons.**265.**—(1) Subject to subsection (3) below, if the claimant proves—(a) that he is a married man who for the year of assessment has his wife living with him, and that one of them was, and the other was not, a registered blind person for the whole or part of the year; or (b) that, not being such a married man, he was a registered blind person for the whole or part of the year, he shall be entitled to a deduction of £540 from his total income. (2) Subject to subsection (3) below, if the claimant proves—(a) that he is a married man who for the year of assessment has his wife living with him, and (b) that he was a registered blind person for the whole or part of the year and his wife was also a registered blind person for the whole or part of the year, he shall be entitled to a deduction of £1,080 from his total income. (3)*Unless a claimant who is entitled to relief for the year of assessment under section* 264*in respect of the services of a son or daughter relinquishes his claim to that relief, he shall not be allowed relief under this section for that year* (*Repealed by* 1988(F) ss.25(3), 148*and* Sch.14 Part IV*for* 1988-89*and subsequent years.*). (4) In this section “registered blind person” means a person registered as a blind person in a register compiled under section 29 of the National Assistance Act 1948 or, in the case of a person ordinarily resident in Scotland or in Northern Ireland, a person who is a blind person within the meaning of section 64(1) of that Act.”.*And see* Table E Vol.1*for previous years.*
[^c21585461]: [S. 265(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/5) modified (1990-91) by [The Lloyd's Underwriters (Tax) (1990-91) Regulations 1993 (S.I. 1993/415)](https://www.legislation.gov.uk/uksi/1993/415), [regs. 1](https://www.legislation.gov.uk/uksi/1993/415/regulation/1), [9](https://www.legislation.gov.uk/uksi/1993/415/regulation/9), [Sch. 2](https://www.legislation.gov.uk/uksi/1993/415/schedule/2)
[^c22219201]: [S. 265(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/5) modified (1991-92) by [The Lloyd's Underwriters (Tax) (1991-92) Regulations 1994 (S.I. 1994/728)](https://www.legislation.gov.uk/uksi/1994/728), [regs. 1](https://www.legislation.gov.uk/uksi/1994/728/regulation/1), [9](https://www.legislation.gov.uk/uksi/1994/728/regulation/9), [Sch. 2](https://www.legislation.gov.uk/uksi/1994/728/schedule/2) [S. 265(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/5) modified (1992-93, 1993-94 and 1994-5) by [The Lloyd's Underwriters (Tax) (1992-93 to 1996-97) Regulations 1995 (S.I. 1995/352)](https://www.legislation.gov.uk/uksi/1995/352), [regs. 1](https://www.legislation.gov.uk/uksi/1995/352/regulation/1), [14](https://www.legislation.gov.uk/uksi/1995/352/regulation/14), [15](https://www.legislation.gov.uk/uksi/1995/352/regulation/15), [Sch.](https://www.legislation.gov.uk/uksi/1995/352/schedule)
[^c21585471]: Words in [s. 265(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/6) substituted (16.7.1992 with application in relation to tax for the year 1993-94 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 20](https://www.legislation.gov.uk/ukpga/1992/48/section/20), [Sch. 5 paras. 8(4)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/8/4), [10](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/10).
[^c22225601]: Words in [s. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) repealed (with effect as mentioned in s. 134(2) of the repealing Act) by Finance Act 1996, Sch. 20 para. 19, Sch. 41 Pt. 5(10), Note
[^c22749141]: Words in [s. 265(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/5/a) substituted (with effect as mentioned in [s. 135(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/135/2) of the amending Act) by Finance Act 1996, Sch. 21 para. 6
[^c22749231]: [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (1999-00) by [S.I. 1999/597](https://www.legislation.gov.uk/uksi/1999/597), [art. 2(5)](https://www.legislation.gov.uk/uksi/1999/597/article/2/5) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2000-01) by [S.I. 2000/806](https://www.legislation.gov.uk/uksi/2000/806), [art. 2(5)](https://www.legislation.gov.uk/uksi/2000/806/article/2/5) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2001-02) by [S.I. 2001/638](https://www.legislation.gov.uk/uksi/2001/638), [art. 2(3)](https://www.legislation.gov.uk/uksi/2001/638/article/2/3) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2002-03) by [S.I. 2002/707](https://www.legislation.gov.uk/uksi/2002/707), [art. 2(4)](https://www.legislation.gov.uk/uksi/2002/707/article/2/4) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2003-04) by [S.I. 2002/2930](https://www.legislation.gov.uk/uksi/2002/2930), [art. 2(4)](https://www.legislation.gov.uk/uksi/2002/2930/article/2/4) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2004-05) by [S.I. 2003/3215](https://www.legislation.gov.uk/uksi/2003/3215), [art. 2(4)](https://www.legislation.gov.uk/uksi/2003/3215/article/2/4) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2005-06) by [S.I. 2004/3161](https://www.legislation.gov.uk/uksi/2004/3161), [art. 2(4)](https://www.legislation.gov.uk/uksi/2004/3161/article/2/4) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2006-07) by [S.I. 2005/3327](https://www.legislation.gov.uk/uksi/2005/3327), [art. 2(5)](https://www.legislation.gov.uk/uksi/2005/3327/article/2/5) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2007-08) by [S.I. 2006/3241](https://www.legislation.gov.uk/uksi/2006/3241), [art. 2(5)](https://www.legislation.gov.uk/uksi/2006/3241/article/2/5) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2008-09) by [S.I. 2008/673](https://www.legislation.gov.uk/uksi/2008/673), [art. 3](https://www.legislation.gov.uk/uksi/2008/673/article/3) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2009-10) by [S.I. 2008/3024](https://www.legislation.gov.uk/uksi/2008/3024), [art. 3](https://www.legislation.gov.uk/uksi/2008/3024/article/3)
[^c22749151]: Words in [s. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) substituted (with effect in accordance with [s. 56(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/56/3) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 56(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/56/1)
[^c22749171]: [S. 265(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1A) inserted (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 56(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/56/2)
[^c23411281]: Words in [s. 265(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/2/a) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [56(2)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/56/2)
[^c23411301]: Words in [s. 265(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/2/b) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [56(3)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/56/3/a)
[^c23411341]: [S. 265(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/4) omitted (5.12.2005) by virtue of [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [56(4)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/56/4)
[^c23411381]: Words in [s. 265(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/6) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [56(6)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/56/6)
[^c23415341]: Words in [s. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 35(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/35/2/a) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [15(1)(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/15/1/3))
[^c23414401]: Words in [s. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 35(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/35/2/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [15(1)(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/15/1/3))
[^c23415361]: Words in [s. 265(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/2/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 35(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/35/3/a) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [15(1)(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/15/1/3))
[^c23415381]: [S. 265(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/2/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 35(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/35/3/b) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [15(1)(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/15/1/3))
[^c23415401]: Words in [s. 265(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 35(3)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/35/3/c) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [15(1)(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/15/1/3))
[^c23415421]: [S. 265(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/2A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 35(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/35/4) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [15(1)(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/15/1/3))
[^c23414421]: [S. 265(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/3) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 35(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/35/5), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [15(1)(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/15/1/3))
[^c23415441]: Words in [s. 265(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 35(6)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/35/6/a) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [15(1)(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/15/1/3))
[^c23415461]: Words in [s. 265(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 35(6)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/35/6/b) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [15(1)(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/15/1/3))
[^c23415481]: Words in [s. 265(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 35(6)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/35/6/c) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [15(1)(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/15/1/3))
[^c23415501]: [S. 265(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/8) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 35(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/35/7) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [15(1)(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/15/1/3))
[^c21585791]: Source-1978 Sch.3 12; 1981 s.33
[^c21585801]: [1974 c. 52](https://www.legislation.gov.uk/ukpga/1974/52).
[^c23415521]: Words in [s. 266(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 36(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/36/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415541]: Words in [s. 266(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/7/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 36(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/36/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415561]: Words in [s. 266(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/8) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 36(6)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/36/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415581]: Words in [s. 266(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/8) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 36(6)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/36/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21585891]: Source-1975 s.7; 1976 Sch.4 19(1); 1984 s.72(5)
[^c23412061]: Words in [s. 268(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/268/7/b) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 11](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/11) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21585901]: Source-1975 s.8; 1976 Sch.4 19(2); 1984 s.72(5)
[^c21585911]: Source-1975 s.9(1)-(4); 1976 Sch.4 19(3)
[^c21585921]: Source-1975 Sch.2 16(1), (3); 1976 s.35
[^c22749891]: Words in [s. 271(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/271/1) repealed (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 2(1)(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/2/1/a), [Sch. 26 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/22)
[^c22749901]: Words in [s. 271(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/271/1/b) repealed (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/2/1/b), [Sch. 26 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/22)
[^c22749911]: Words in [s. 271(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/271/1/c) repealed (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 2(1)(c)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/2/1/c), [Sch. 26 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/22)
[^c22749921]: [S. 271(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/271/2/b) and preceding word repealed (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 2(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/2/2), [Sch. 26 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/22)
[^c23408131]: Words in [s. 271(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/271/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 123](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/123) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21585931]: Source-1975 Sch.1
[^c21585941]: 1988(F) s.35*and* Sch.3 para.10*for* 1990-91*and subsequent years. Previously* “Payments securing widows' and children's annuities.**273.** Subject to sections 274, 617(3) and 619(6), if the claimant is, under any Act of Parliament or under the terms or conditions of his employment, liable to the payment of any sum, or to the deduction from his salary or stipend of any sum, for the purpose of securing a deferred annuity to his widow or provision for his children after his death, he shall be entitled to a deduction from the amount of income tax with which he is chargeable equal to income tax at the basic rate on the amount of the sum paid by him or deducted from his salary or stipend.”.
[^c23408231]: [S. 273](https://www.legislation.gov.uk/ukpga/1988/1/section/273) renumbered as s. 273(1) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 124(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/124/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408211]: [S. 273(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/273/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 124(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/124/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23411601]: Words in [s. 273(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/273/1) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [59](https://www.legislation.gov.uk/uksi/2005/3229/regulation/59)
[^c23412081]: Words in [s. 273](https://www.legislation.gov.uk/ukpga/1988/1/section/273) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 12](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/12) (as amended by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 655](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/655), [Sch. 2 para. 161](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2/paragraph/161) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))) (with Sch. 36)
[^c23415601]: Words in [s. 273(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/273/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 37(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/37/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415621]: Words in [s. 273(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/273/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 37(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/37/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415641]: [S. 273(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/273/3) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 37(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/37/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21585971]: Source-1970 s.21(4); 1975 Sch.2 6; 1980 s.29; 1976 Sch.4 21; 1987 Sch.15 2(5)
[^c21585981]: 1988(F) s.29—*from* 6*April* 1989.*Previously* “15 per cent.”.
[^c22219331]: [S. 257B-262](https://www.legislation.gov.uk/ukpga/1988/1/section/257B) restricted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 4(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/4/1)
[^c23410241]: Words in [s. 257BA(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/4/b) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(5)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/5/a)
[^c23410261]: Words in [s. 257BA(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/4/b) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(5)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/5/b)
[^c23410281]: Words in [s. 257BA(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/5) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(6)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/6)
[^c23410341]: Words in [s. 257BA(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/9) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(8)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/8)
[^c23415111]: [S. 257BA(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 32(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/32/2) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [16(1)(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/16/1/4), [17(1)(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/17/1/5))
[^c23415141]: [S. 257BA(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/3A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 32(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/32/3) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [16(1)(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/16/1/4), [17(1)(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/17/1/5))
[^c23414331]: [S. 257BA(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/6) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 32(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/32/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [16(1)(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/16/1/4), [17(1)(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/17/1/5))
[^c23415151]: Words in [s. 257BA(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/9) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 32(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/32/5) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [16(1)(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/16/1/4), [17(1)(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/17/1/5))
[^c23415171]: [S. 257BA(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/10) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 32(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/32/6) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [16(1)(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/16/1/4), [17(1)(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/17/1/5))
[^c22219341]: [S. 257B-262](https://www.legislation.gov.uk/ukpga/1988/1/section/257B) restricted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 4(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/4/1)
[^c22219501]: [S. 257BB(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/5) modified (1992-93, 1993-94 and 1994-5) by [The Lloyd's Underwriters (Tax) (1992-93 to 1996-97) Regulations 1995 (S.I. 1995/352)](https://www.legislation.gov.uk/uksi/1995/352), [regs. 1](https://www.legislation.gov.uk/uksi/1995/352/regulation/1), [14](https://www.legislation.gov.uk/uksi/1995/352/regulation/14), [15](https://www.legislation.gov.uk/uksi/1995/352/regulation/15), [Sch.](https://www.legislation.gov.uk/uksi/1995/352/schedule)
[^c22181391]: [S. 257BB(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/6) repealed (with effect as mentioned in s. 77(7) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 3(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/3/4), [Sch. 26 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/1), Note
[^c23410961]: Words in [s. 257BB(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/2) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/3)
[^c23411141]: Words in [s. 257BB(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/4) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(5)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/5)
[^c23415191]: [S. 257BB(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 33(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/33/2) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [16(1)(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/16/1/5), [17(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/17/6))
[^c23415211]: [S. 257BB(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/1A/1B) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 33(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/33/3) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [16(1)(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/16/1/5), [17(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/17/6))
[^c23415231]: [S. 257BB(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 33(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/33/4) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [16(1)(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/16/1/5), [17(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/17/6))
[^c23415251]: [S. 257BB(3AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/3AA) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 33(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/33/5) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [16(1)(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/16/1/5), [17(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/17/6))
[^c23414351]: [S. 257BB(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/3A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 33(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/33/6), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [16(1)(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/16/1/5), [17(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/17/6))
[^c23415271]: [S. 257BB(5A)-(5E)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/5A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 33(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/33/7) (with [Sch. 2 paras. 14](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/14), [16(1)(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/16/1/5), [17(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/17/6))
[^c23411921]: [S. 257AB(2)(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/2/4/5) amended (2006-07) by [S.I. 2005/3327](https://www.legislation.gov.uk/uksi/2005/3327), [art. 2(4)](https://www.legislation.gov.uk/uksi/2005/3327/article/2/4) [S. 257AB(2)(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/2/4/5) amended (2007-08) by [S.I. 2006/3241](https://www.legislation.gov.uk/uksi/2006/3241), [art. 2(4)](https://www.legislation.gov.uk/uksi/2006/3241/article/2/4) [S. 257AB(2)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/2/4) amended (2008-09) by [S.I. 2008/673](https://www.legislation.gov.uk/uksi/2008/673), [art. 2(5)](https://www.legislation.gov.uk/uksi/2008/673/article/2/5) [S. 257AB(2)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/2/4) amended (2009-10) by [S.I. 2008/3024](https://www.legislation.gov.uk/uksi/2008/3024), [art. 2(d)](https://www.legislation.gov.uk/uksi/2008/3024/article/2/d)
[^c23414961]: Words in [s. 257AB(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/1/d) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 31(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/31/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414991]: Words in [s. 257AB(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 31(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/31/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415011]: Words in [s. 257AB(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 31(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/31/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415031]: Words in [s. 257AB(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 31(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/31/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415051]: Words in [s. 257AB(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/6) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 31(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/31/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415071]: [S. 257AB(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/10) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 31(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/31/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23416691]: [S. 256B](https://www.legislation.gov.uk/ukpga/1988/1/section/256B) amended (2008-09) by [S.I. 2008/673](https://www.legislation.gov.uk/uksi/2008/673), [art. 2(2)](https://www.legislation.gov.uk/uksi/2008/673/article/2/2) [S. 256B](https://www.legislation.gov.uk/ukpga/1988/1/section/256B) amended (2009-10) by [S.I. 2008/3024](https://www.legislation.gov.uk/uksi/2008/3024), [art. 2(a)](https://www.legislation.gov.uk/uksi/2008/3024/article/2/a)
[^c21586061]: *See* British Nationality Act 1981 ss.37*and* 51(1)*for definition.*
[^c21586091]: *Repealed by* 1988(F) ss.31, 148*and* Sch.14 Part IV*for* 1990-91*and subsequent years.*
[^c21586101]: Source-1976 Sch.4 18(3)
[^c21586121]: Source-1970 s.27(3)-(5)
[^c22225611]: Words in [s. 278(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/2) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 21](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/21), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c22753081]: Words in [s. 278(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/2/a) substituted (with effect in accordance with [s. 145(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/145/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 145(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/145/1)
[^c22753091]: [S. 278(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/9) added (with effect in accordance with [s. 145(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/145/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 145(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/145/2)
[^c22753111]: [S. 278(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/2A) repealed (with effect in accordance with Sch. 20 Pt. 3(3) Note 2 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3)
[^c21586081]: 1988(F) s.31*for* 1990-91*and subsequent years.*
[^c23414531]: [S. 278(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 40(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/40/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415661]: Words in [s. 278(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 40(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/40/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415681]: [S. 278(2)(za)(zb)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/2/za/zb) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 40(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/40/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23414601]: [S. 278(2)(b)-(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/2/b) and preceding word repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 40(3)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/40/3/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23415721]: [S. 278(2ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/2ZA) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 40(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/40/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21590871]: Source-1986 s.29(1), (2)
[^c21590921]: 1990 s.26(4)*in relation to payments made on or after* 1*October* 1990.
[^c21590941]: *Repealed by* 1990 ss.27(2)*and* 132*and* Sch.19 Part IV*in relation to accounting periods ending on or after* 1*October* 1990.
[^c21590971]: 1990 s.26(5)*in relation to payments made on or after* 1*October* 1990.
[^c21590991]: *See* 1990 s.94*re production of books etc. in respect of repayment claims in respect of payments made on or after* 1*October* 1990.
[^c21591001]: Source-1981 s.49; 1983 s.46(3); 1986 s.29(6)
[^c21591011]: 1989 s.60(2)*in respect of payments due on or after* 14*March* 1989.*Previously* “the Trustees of the National Heritage Memorial Fund and the Historic Buildings and Monuments Commission for England and, additionally, in subsections (1) to (5) above includes the Trustees of the British Museum, the Trustees of the British Museum (Natural History) and”.
[^c22736831]: [S. 337(7AA)-(7AC)](https://www.legislation.gov.uk/ukpga/1988/1/section/337/7AA) inserted (with effect in accordance with [s. 64(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/64/2) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 64(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/64/1)
[^c22737041]: [S. 339(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/1/a) substituted (with effect in accordance with [s. 40(11)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/11) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/2)
[^c22737061]: [S. 339(2)(3)(3A)(3F)(6)(7)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/2/3/3A/3F/6/7/8) repealed (with effect in accordance with s. 40(11) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/3), [Sch. 40 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/1), Note 2
[^c22737161]: Words in [s. 339(3B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/3B/b) substituted (with effect in accordance with [s. 40(11)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/11) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/4)
[^c22737181]: [S. 339(3DA)-(3DD)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/3DA) inserted (with effect in accordance with [s. 40(11)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/11) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/5)
[^c22737201]: [S. 339(7AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/7AA) substituted (with effect in accordance with [s. 40(11)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/11) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(7)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/7)
[^c22737141]: Words in [s. 339(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/9) repealed (with effect in accordance with s. 40(11) of the repealing Act) by [Finance Act 2000 (c.17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(8)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/8), [Sch. 40 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/1), Note 2
[^c23426651]: Words in [s. 339(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/1/a) inserted (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/57/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 57(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/57/2)
[^c23426671]: [S. 339(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/1A/1B) inserted (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/57/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 57(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/57/3)
[^c23426691]: Words in [s. 339(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/3B) substituted (with effect in accordance with [s. 58(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/58/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 58(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/58/2)
[^c23426711]: Words in [s. 339(3E)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/3E) substituted (with effect in accordance with [s. 58(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/58/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 58(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/58/3)
[^c23426731]: [S. 339(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 51(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/51/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23426751]: [S. 339(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/10) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 51(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/51/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23426831]: Words in [s. 339(3B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/3B/b) substituted (with effect in accordance with [s. 60(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/60/4) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 60(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/section/60/2/a)
[^c23426861]: Words in [s. 339(3DA)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/3DA/c) substituted (with effect in accordance with [s. 60(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/60/4) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 60(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/section/60/2/b)
[^c21591081]: Source-1970 s.245(1)
[^c21591091]: Source-1970 s.245(2), (3); 1974 s.37(1)
[^c21591101]: Source-1970 s.245(4)-(6)
[^c21591111]: Source-1970 s.245(7)-(9); 1974 s.37(1)
[^c22736651]: Words in [s. 342(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/342/5) substituted (with effect in accordance with [Sch. 24 para. 12(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/12/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 24 paras. 8(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/8/1), [9](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/9), [12(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/12/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173)
[^c22736671]: Words in [s. 342(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/342/6) substituted (with effect in accordance with [Sch. 24 para. 12(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/12/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 24 paras. 8(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/8/1), [9](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/9), [12(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/12/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173)
[^c22736901]: Words in [s. 342(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/342/2) inserted (with effect in accordance with [Sch. 4 para. 6(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/6/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 6(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/6/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173)
[^c22736921]: [S. 342(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/342/3A) inserted (with effect in accordance with [Sch. 4 para. 6(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/6/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 6(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/6/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173)
[^c22736691]: [S. 343](https://www.legislation.gov.uk/ukpga/1988/1/section/343) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para 12(2)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/12/2) (with [s. 43(6)](https://www.legislation.gov.uk/ukpga/1996/55/section/43/6))
[^c22736071]: [S. 343](https://www.legislation.gov.uk/ukpga/1988/1/section/343) excluded (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(1)(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/1/3), [Sch. 24 para. 20(8)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/20/8)
[^c21591341]: Source-1970 s.252(1)
[^c21591351]: [S. 343(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/2) excluded (16.7.1992) by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s. 152B(10)(e)](https://www.legislation.gov.uk/ukpga/1990/1/section/152B/10/e) (as inserted (16.7.1992) by [Finance Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 67](https://www.legislation.gov.uk/ukpga/1992/48/section/67)).
[^c21591361]: Source-1970 s.252(2), (2A); 1971 Sch.8 16(5); 1986 s.56(7), Sch.13 2; 1987 (No.2) s.64(2)
[^c22736091]: [S. 343(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/3) restricted (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(1)(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/1/3), [Sch. 24 para. 15(1)(a)(7)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/15/1/a/7)
[^c21591371]: Source-1970 s.252(3)-(7)
[^c21591381]: Words in [s. 343(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/3) repealed (in relation to losses incurred in accounting periods ending on or after 1.4.1991) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 15 para. 7(1)(a)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/7/1/a), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 4
[^c21591391]: Words in [s. 343(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/3) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch 15 para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/7/1/b)(in relation to losses incurred in accounting periods ending on or after 1.4.1991)
[^c21591401]: Word in [s. 343(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/3) repealed (with effect in relation to accounting periods ending after the day appointed for the purposes of s. 10 of [1988 c. 1](https://www.legislation.gov.uk/ukpga/1988/1)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) and omitted (27.7.1993) by virtue of s. 120, Sch. 14 para. 8(2)
[^c21591411]: Source-1970 s.252(3A); 1986 s.42(2), (3), Sch.10 1(2)
[^c21591421]: Source-1970 s.252(4)-(7)
[^c21591431]: [S. 343(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/6) repealed (in relation to losses incurred in accounting periods ending on or after 1.4.1991) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3)(-(5), 123, Sch. 15 para. 7(2), Sch. 19 Pt. V, Note 4
[^c21591441]: Words in [s. 343(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/7) repealed (in relation to losses incurred in accounting periods ending on or after 1.4.1991) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 15 para. 7(3)(a)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/7/3/a), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 4
[^c21591451]: Words in [s. 343(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/7) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 7(3)(b)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/7/3/b)(in relation to losses incurred in accounting periods ending on or after 1.4.1991)
[^c21591461]: Source-1970 s.252(8); 1986 Sch.10 1(3)
[^c21591471]: Source-1970 s.252(9), (10)
[^c21591481]: Source-1986 s.42(2), (3)
[^c22737461]: [S. 343(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/2) excluded (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [s. 425(2)](https://www.legislation.gov.uk/ukpga/1999/29/section/425/2), [Sch. 3 paras. 4(8)(a)](https://www.legislation.gov.uk/ukpga/1999/29/schedule/3/paragraph/4/8/a), [5](https://www.legislation.gov.uk/ukpga/1999/29/schedule/3/paragraph/5); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), [art. 2](https://www.legislation.gov.uk/uksi/1999/3434/article/2)
[^c22736871]: [S. 343(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/4A) inserted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58) s. 39(7)
[^c23426441]: [S. 343](https://www.legislation.gov.uk/ukpga/1988/1/section/343) applied (with modifications) (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [s. 198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2), [Sch. 9 paras. 16](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/16), [17](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/17) (with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/38/2)); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^c23426461]: [S. 343(3)(4A)(7)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/3/4A/7)(11) applied (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [s. 198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2), [Sch. 9 para. 2(1)(3)](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/2/1/3) (with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/38/2)); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^c22737271]: [S. 343(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/2) excluded (with effect in accordance with s. 579 of the excluding Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 561(5)](https://www.legislation.gov.uk/ukpga/2001/2/section/561/5) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22755311]: Words in [s. 343(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/2) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 26](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/26) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c23490771]: [S. 343](https://www.legislation.gov.uk/ukpga/1988/1/section/343) applied (with effect in accordance with s. 43(2) of the 2007 amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 227B](https://www.legislation.gov.uk/ukpga/1994/9/section/227B) (as inserted by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 43(1)](https://www.legislation.gov.uk/ukpga/2007/11/section/43/1))
[^c23426791]: Words in [s. 343(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/2) inserted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 6 para. 1(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/6/paragraph/1/1)
[^c21591491]: Source-1970 s.253; 1986 s.42, Sch.10 2
[^c23426631]: Words in [s. 344(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/344/4) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [66](https://www.legislation.gov.uk/uksi/2005/3229/regulation/66)
[^c23426561]: Words in [s. 337(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/337/1) inserted (with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 145(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/145/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23426571]: Words in [s. 337(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/337/2) inserted (with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 145(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/145/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23426481]: [S. 338](https://www.legislation.gov.uk/ukpga/1988/1/section/338) restricted (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [s. 198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2), [Sch. 4 para. 3](https://www.legislation.gov.uk/ukpga/2004/20/schedule/4/paragraph/3); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^c23426581]: [S. 338A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/338A/2/a) repealed (with effect in accordance with s. 38(7) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 38(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/38/2), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23488671]: [S. 338A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/338A/4) repealed (with effect in accordance with s. 38(7) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c21594971]: *See* S.I. [1988 No.1347](https://www.legislation.gov.uk/ukcm/1988/1347) (*in* Part III Vol.5)*in respect of housing associations.*
[^c21596041]: *See* S.I. [1983 No.368](https://www.legislation.gov.uk/ukcm/1983/368) (*in* Part III Vol.5)—*housing associations.*
[^c21597211]: *See* s.434A—*limitations on loss relief for life assurance company.*
[^c22750761]: [S. 393](https://www.legislation.gov.uk/ukpga/1988/1/section/393) modified (with effect in accordance with s. 69(1) of the modifying Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 20 para. 19](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/19) (with [Sch. 20 para. 26](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/26))
[^c22751941]: [S. 393](https://www.legislation.gov.uk/ukpga/1988/1/section/393) modified (with effect in accordance with s. 70(1) of the modifying Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 22 para. 17(2)-(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/17/2) (with [Sch. 22 para. 32](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/32))
[^c22751981]: [S. 393](https://www.legislation.gov.uk/ukpga/1988/1/section/393) modified (1.4.2002) by [The Scottish Water (Transfer of Functions, etc.) (Tax Provisions) Order 2002 (S.I. 2002/653)](https://www.legislation.gov.uk/uksi/2002/653), [art. 4(2)](https://www.legislation.gov.uk/uksi/2002/653/article/4/2)
[^c22766441]: [S. 393](https://www.legislation.gov.uk/ukpga/1988/1/section/393) modified (with effect in accordance with Sch. 13 para. 28 of the modifying Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 13 paras. 13](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/13), [15(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/15/6), [16(5)(1)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/16/5/1/a), [19](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/19)
[^c23438671]: [S. 393](https://www.legislation.gov.uk/ukpga/1988/1/section/393) modified (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [ss. 27(1)(b)](https://www.legislation.gov.uk/ukpga/2004/20/section/27/1/b), [198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^c21597321]: *See* 1990 s.99(2)*and* (4)*for changes in relation to income tax falling to be set off against corporation tax for accounting periods ending after the appointed day* (*see* 1988 s.10).
[^c21597331]: *See* [Trustee Savings Banks Act 1985 (c.58)](https://www.legislation.gov.uk/ukpga/1985/58) s.5*and* Sch.2 para.6(4)—*carry forward of losses where transfer to successor from existing bank under the* Trustee Savings Banks Act 1985.
[^c22743321]: [S. 393(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/393/1) modified (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 15](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/15)
[^c21597341]: Source—1970 s.177(1)-(3)
[^c21597351]: Words in [s. 393(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/393/1) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 8(a)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/8/a)
[^c21597361]: [S. 393(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/393/2) repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(2)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/2/4/5), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 19](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19) Pt. v Note 4
[^c21597431]: *See* 1990 s.99(2)*and* (4)*and* 132*and* Sch.19 Part V*for changes in relation to income tax falling to be set off against corporation tax for accounting periods ending after the appointed day* (*see* 1988 s.10).
[^c21597441]: Words in [s. 393(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/393/11) repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 15 para. 8(b)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/8/b), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V) Note 4
[^c21597551]: Source—1973 ss.30, 32(6)
[^c21597561]: Words in [s. 395(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/395/1/b) substituted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 120](https://www.legislation.gov.uk/ukpga/1993/34/section/120), [Sch. 14 para. 8(3)(a)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/8/3/a)
[^c21597581]: Words in [s. 395(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/395/1) and (4): repealed (27.7.1993 with effect in relation to accounting periods ending after the day appointed for the purposes of section 10 of the amended Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213),Sch. 23 Pt.III(11), note; omitted (27.7.1993) by virtue of [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 120](https://www.legislation.gov.uk/ukpga/1993/34/section/120), [Sch. 14 para. 8(3)(b)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/8/3/b)
[^c22751281]: Words in [s. 395(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/395/1/a) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 33(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/33/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751301]: Words in [s. 395(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/395/1/c) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 33(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/33/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c21597451]: [S. 393A](https://www.legislation.gov.uk/ukpga/1988/1/section/393A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(1)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/1/4/5)
[^c22745491]: Word in [s. 393A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/3/b) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 26(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/26/a)
[^c22745511]: [S. 393A(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/4/a) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 26(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/26/b)
[^c22750781]: [S. 393A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/1/b) restricted (with effect in accordance with s. 69(1) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 20 para. 23](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/23) (with [Sch. 20 para. 26](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/26))
[^c22746491]: Words in [s. 393A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/2) substituted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 39(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/2)
[^c22746511]: [S. 393A(2A)-(2C)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/2A) inserted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/3)
[^c22746531]: Words in [s. 393A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/7) inserted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/39/8) of the amending Act) by Finance (No. 2) Act 1997, s. 39(4)(a)
[^c22746551]: Words in [s. 393A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/7) substituted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 39(4)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/4/b)
[^c22746571]: [S. 393A(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/7A) inserted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 39(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/5)
[^c22746591]: [S. 393A(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/12) inserted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 39(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/6)
[^c22766451]: [S. 393A](https://www.legislation.gov.uk/ukpga/1988/1/section/393A) modified (with effect in accordance with Sch. 13 para. 28 of the modifying Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 13 paras. 13](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/13), [15(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/15/5), [16(4)(a)(b)(5)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/16/4/a/b/5/b)
[^c23438691]: [S. 393A](https://www.legislation.gov.uk/ukpga/1988/1/section/393A) modified (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [ss. 27(1)(b)](https://www.legislation.gov.uk/ukpga/2004/20/section/27/1/b), [198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^c23442481]: [S. 393A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/1) restricted (with effect in accordance with Sch. 10 para. 2 of the affecting Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 10 para. 38(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/38/4)
[^c23442501]: [S. 393A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/1/b) restricted (with effect in accordance with Sch. 10 para. 2 of the affecting Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 10 para. 35(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/35/2)
[^c22751151]: Words in [s. 393A(2C)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/2C/b) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 32(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/32/1) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751251]: [S. 393A(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/5/6) repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 32(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/32/2), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751171]: Words in [s. 393A(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/11/a) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 32(3)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/32/3/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751191]: Words in [s. 393A(11)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/11/b) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 32(3)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/32/3/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751211]: Words in [s. 393A(11)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/11/b) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 32(3)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/32/3/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751231]: Words in [s. 393A(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/12) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 32(4)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/32/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c21597601]: [S. 396](https://www.legislation.gov.uk/ukpga/1988/1/section/396) restricted (27.7.1993 with application as mentioned in [s. 165](https://www.legislation.gov.uk/ukpga/1993/34/section/165) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 129(9)](https://www.legislation.gov.uk/ukpga/1993/34/section/129/9), [165](https://www.legislation.gov.uk/ukpga/1993/34/section/165)
[^c22749041]: [S. 396](https://www.legislation.gov.uk/ukpga/1988/1/section/396) modified (with application in accordance with Sch. 5 para. 72(2) of the modifying Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 72(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/72/1)
[^c23438451]: [S. 396](https://www.legislation.gov.uk/ukpga/1988/1/section/396) modified by [The Insurance Companies (Taxation of Reinsurance Business) Regulations 1995 (S.I. 1995/1730)](https://www.legislation.gov.uk/uksi/1995/1730), [reg. 7A](https://www.legislation.gov.uk/uksi/1995/1730/regulation/7A) (as inserted (28.10.2003 with effect in accordance with reg. 1(3) of the modifying S.I.) by [The Insurance Companies (Taxation of Reinsurance Business) (Amendment No. 2) Regulations 2003 (S.I. 2003/2573)](https://www.legislation.gov.uk/uksi/2003/2573), [reg. 8(1)](https://www.legislation.gov.uk/uksi/2003/2573/regulation/8/1))
[^c21597611]: *See* 1990 ss.99(3)*and* (4)*and* 132*and* Sch.19 Part V*for changes in relation to income tax falling to be set off against corporation tax for accounting periods ending after the appointed day* (*see* 1988 s.10). [S. 396(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/396/1) restricted (27.7.1993 with application as mentioned in [s. 165](https://www.legislation.gov.uk/ukpga/1993/34/section/165) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 129(9)](https://www.legislation.gov.uk/ukpga/1993/34/section/129/9), [165](https://www.legislation.gov.uk/ukpga/1993/34/section/165)
[^c21597621]: Source—1970 s.179
[^c23443221]: Words in [s. 396(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/396/2) inserted (with effect in accordance with [s. 57(6)](https://www.legislation.gov.uk/ukpga/2007/11/section/57/6) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 57(1)](https://www.legislation.gov.uk/ukpga/2007/11/section/57/1)
[^c22748951]: [Pt. 10 Chs. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/2) extended (with effect in accordance with s. 44 of the extending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 6 para. 2](https://www.legislation.gov.uk/ukpga/1998/36/schedule/6/paragraph/2), (with Sch. 6 para. 6)
[^c22752321]: [Pt. 10 Chs. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/2) extended (with effect in accordance with s. 64, Sch. 22 paras. 16-18 of the extending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 22 para. 4(2)(d)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/22/paragraph/4/2/d)
[^c23533041]: [Pt. 10 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/2) modified (1.4.2009 with effect in accordance with s. 1329(1) of the modifying Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/39/3) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23532151]: [S. 392A](https://www.legislation.gov.uk/ukpga/1988/1/section/392A) modified (with effect in accordance with s. 70(1) of the modifying Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 22 para. 17(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/17/1) (with [Sch. 22 para. 32](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/32))
[^c23532761]: [S. 392A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/392A/3) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 12(2)(4)
[^c23532851]: Words in [s. 392A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/392A/4/b) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 12(3)(4)
[^c23533011]: [S. 392B](https://www.legislation.gov.uk/ukpga/1988/1/section/392B) excluded (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 113(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/113/5), [Sch. 17 para. 12(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/17/paragraph/12/2)
[^c23533021]: [S. 392B](https://www.legislation.gov.uk/ukpga/1988/1/section/392B) excluded by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69X(5)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69X/5) (as inserted (6.4.2008) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I. 2008/705)](https://www.legislation.gov.uk/uksi/2008/705), [regs. 1](https://www.legislation.gov.uk/uksi/2008/705/regulation/1), [5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5))
[^c22745531]: Words in [s. 397(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/3) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 27(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/27/a)
[^c22745551]: Words in [s. 397(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/3/a/b) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 27(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/27/b)
[^c22751321]: [S. 397(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/5): definition of "basis year" repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para 34(1)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/34/1/a), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751361]: [S. 397(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/6) repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 34(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/34/2), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751401]: Words in [s. 397(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/7) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 34(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/34/3) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c23440781]: [S. 397(8)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/8/a/b) substituted for words in s. 397(8) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 169(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/169/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23440801]: Words in [s. 397(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/10) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 169(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/169/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23441301]: Word at the end of s. 397(10)(a) omitted (5.12.2005) by virtue of [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [71(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/71/2/a)
[^c23441251]: [S. 397(10)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/10/ab) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [71(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/71/2/a)
[^c23441321]: [S. 397(10)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/10/c) and preceding word inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [71(2)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/71/2/b)
[^c23442631]: [S. 397(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442751]: Words in [s. 397(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442771]: Words in [s. 397(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/3/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442791]: Words in [s. 397(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442651]: [S. 397(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/5): definition of "chargeable period" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(5)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/5/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442811]: [S. 397(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/5): definition of "prior five years" substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(5)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442671]: [S. 397(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/5): words in definition of "prior period of loss" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(5)(c)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/5/c/i), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442831]: [S. 397(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/5): words in definition of "prior period of loss" substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(5)(c)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/5/c/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442851]: [S. 397(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/5): definitions of "farming" and "market gardening" substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(5)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/5/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442691]: Words in [s. 397(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/7) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(6)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/6/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442871]: Words in [s. 397(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/7) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(6)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442711]: Words in [s. 397(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/7) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(6)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/6/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442891]: Words in [s. 397(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/8) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(7)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442911]: Words in [s. 397(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/8/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(7)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/7/b)
[^c23442731]: Words in [s. 397(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/10) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(8)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/8/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23442931]: Words in [s. 397(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/10) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 74(8)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/74/8/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21597791]: Source—1978 s.31
[^c21597801]: Words in [s. 399(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/2) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 11](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/11)
[^c21597811]: Source—1985 s.72(2); 1987 Sch.15 11(2); 1987 (No.2) s.81(1)
[^c21597821]: Words in [s. 399(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/5) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(19)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/19/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c22746451]: [S. 399(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/1A) inserted (with effect in accordance with [s. 80(6)(7)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/6/7) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 80(4)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/4)
[^c22752101]: [S. 399(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/1B) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 4(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/4/2) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23440921]: [S. 399(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/1/1A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 171(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/171/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23450241]: Words in [s. 399(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 76(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/76/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23450251]: Words in [s. 399(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/2/a) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 76(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/76/2/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23450261]: Words in [s. 399(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/2/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 76(2)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/76/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23450271]: Words in [s. 399(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/2/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 76(2)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/76/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23545221]: Words in [s. 399(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 76(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/76/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22743341]: [S. 400](https://www.legislation.gov.uk/ukpga/1988/1/section/400) restricted (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 16](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/16)
[^c22744771]: [S. 400(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/1) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 12(1)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/12/1)
[^c22744271]: [S. 400(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/1) excluded (31.10.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [ss. 20(2)](https://www.legislation.gov.uk/ukpga/1994/21/section/20/2), [68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); SI 1994/2552, art. 2, Sch.
[^c21598001]: Source—1981 s.48
[^c21598011]: Words in [s. 400(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/2/a); repealed (27.7.1993 with effect in relation to accounting periods ending after the day appointed for the purposes of section 10 of the amended Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 14 para. 8(5)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/8/5), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (11), note; omitted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 120](https://www.legislation.gov.uk/ukpga/1993/34/section/120), [Sch. 14 paras. 8(5)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/8/5)
[^c21598031]: Words in [s. 400(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/2/e) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(20)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/20/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21598041]: Words in [s. 400(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/4) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 12](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/12)
[^c22744791]: [S. 400(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/6) modified (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 12(2)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/12/2)
[^c22744251]: [S. 400(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/6) modified (31.10.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [ss. 20(3)](https://www.legislation.gov.uk/ukpga/1994/21/section/20/3), [68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); SI 1994/2552, art. 2, Sch.
[^c21598071]: Words in [s. 400(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/6) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(20)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/20/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c22745601]: [S. 400(7)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/7/8) applied (with effect in accordance with s. 105(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 7(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/7/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22745621]: [S. 400(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/9A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 19](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/19) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22748451]: [S. 400(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/2/bb) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 36](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/36) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22748441]: Words in [s. 400(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/6) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22749301]: Words in [s. 400(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/7/a) inserted (1.7.1999) by [The Scotland Act 1998 (Consequential Modifications) (No. 2) Order 1999 (S.I. 1999/1820)](https://www.legislation.gov.uk/uksi/1999/1820), [art. 1(2)](https://www.legislation.gov.uk/uksi/1999/1820/article/1/2), [Sch. 2 para. 87(2)(a)(i)](https://www.legislation.gov.uk/uksi/1999/1820/schedule/2/paragraph/87/2/a/i) (with [art. 5](https://www.legislation.gov.uk/uksi/1999/1820/article/5))
[^c22749321]: Words in [s. 400(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/7/b) inserted (1.7.1999) by [The Scotland Act 1998 (Consequential Modifications) (No. 2) Order 1999 (S.I. 1999/1820)](https://www.legislation.gov.uk/uksi/1999/1820), [art. 1(2)](https://www.legislation.gov.uk/uksi/1999/1820/article/1/2), [Sch. 2 para. 87(2)(a)(ii)](https://www.legislation.gov.uk/uksi/1999/1820/schedule/2/paragraph/87/2/a/ii) (with [art. 5](https://www.legislation.gov.uk/uksi/1999/1820/article/5))
[^c22749341]: Words in [s. 400(8)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/8/9) inserted (1.7.1999) by [The Scotland Act 1998 (Consequential Modifications) (No. 2) Order 1999 (S.I. 1999/1820)](https://www.legislation.gov.uk/uksi/1999/1820), [art. 1(2)](https://www.legislation.gov.uk/uksi/1999/1820/article/1/2), [Sch. 2 para. 87(2)(b)](https://www.legislation.gov.uk/uksi/1999/1820/schedule/2/paragraph/87/2/b) (with [art. 5](https://www.legislation.gov.uk/uksi/1999/1820/article/5))
[^c22752001]: [S. 400](https://www.legislation.gov.uk/ukpga/1988/1/section/400) excluded (1.4.2002) by [The Scottish Water (Transfer of Functions, etc.) (Tax Provisions) Order 2002 (S.I. 2002/653)](https://www.legislation.gov.uk/uksi/2002/653), [art. 4(3)](https://www.legislation.gov.uk/uksi/2002/653/article/4/3)
[^c22752021]: [S. 400](https://www.legislation.gov.uk/ukpga/1988/1/section/400) modified (1.4.2002) by [The Scottish Water (Transfer of Functions, etc.) (Tax Provisions) Order 2002 (S.I. 2002/653)](https://www.legislation.gov.uk/uksi/2002/653), [art. 4(4)](https://www.legislation.gov.uk/uksi/2002/653/article/4/4)
[^c22751421]: Words in [s. 400(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/2/c) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 35(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/35/1) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751441]: Words in [s. 400(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/4) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para 35(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/35/2) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751461]: Words in [s. 400(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/6) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para 35(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/35/3) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c23450561]: [S. 400(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/2/b) substituted (28.9.2004 with effect in accordance with art. 1(2), Sch. para 13(4) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 13(2)(5)
[^c23450571]: [S. 499(2)(bb)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/499/2/bb/ii) substituted (28.9.2004 with effect in accordance with art. 1(2), Sch. para. 13(4) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 13(3)(5)
[^c21598101]: Source—1980 s.39(1), (2), (4); 1982 s.50
[^c21598111]: Word in [s. 401(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1) substituted (27.7.1993 with effect as mentioned in [s. 109(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/109/4) of the amending Act) by virtue of s. 109(1)(4)
[^c22744561]: Words in [s. 401(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1) substituted (with effect in accordance with [s. 120(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/120/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 120(1)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/120/1/a)
[^c22744601]: [S. 401(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/2) repealed (with effect in accordance with s. 120(2) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 120(1)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/120/1/b), [Sch. 29 Pt. 8(15)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/15), Note 2
[^c22766461]: [S. 401(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1A) inserted (27.7.1993 with effect as mentioned in [s. 109(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/109/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 109(2)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/109/2/4)
[^c22745641]: [S. 401(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1A) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 20(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/20/2), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c22745661]: [S. 401(1AA)-(1AC)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1AA) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 20(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/20/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22750821]: [S. 401](https://www.legislation.gov.uk/ukpga/1988/1/section/401) excluded (with effect in accordance with s. 69(1) of the excluding Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 20 paras. 1(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/1/3), [26](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/26)
[^c22752351]: [S. 401](https://www.legislation.gov.uk/ukpga/1988/1/section/401) excluded (with effect in accordance with s. 53(1) of the excluding Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 12 para. 20(1)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/12/paragraph/20/1)
[^c22752371]: [S. 401](https://www.legislation.gov.uk/ukpga/1988/1/section/401) excluded (with effect in accordance with Sch. 13 para. 28(1)(2) of the excluding Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 13 para. 15(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/15/3)
[^c22766481]: [S. 401](https://www.legislation.gov.uk/ukpga/1988/1/section/401) excluded (with effect in accordance with s. 56 of the excluding Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 15 para. 2(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/15/paragraph/2/2)
[^c22748471]: Words in [s. 401(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1/b) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22766471]: [S. 401(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1B) inserted (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 20](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/20)
[^c22748501]: [S. 401(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1B) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c23440991]: Word in [s. 401(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 172(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/172/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23441011]: Words in [s. 401(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 172(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/172/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23441051]: Words in [s. 401(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 172(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/172/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23441091]: Words in [s. 401(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 172(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/172/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23441071]: Words in [s. 401(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 172(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/172/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21598131]: *See*—1988 s.434A—*limitations on group relief for life assurance company.*1989 s.102—*surrender of company tax refund etc. within group* (*from a day to be appointed not earlier than* 31*March* 1992).
[^c21598141]: Source—1970 s.258(1)
[^c22742951]: Words in [s. 402(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/4) repealed (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(3)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/3/a/5), [Sch. 40 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/11), Note 2
[^c21598161]: Source—1970 s.258(3), (4)
[^c22751841]: [S. 402(1)(2)(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/1/2/5/6) applied (with modifications) (31.3.2001 with effect in accordance with reg. 1(2) of the affecting Regulations) by [The Double Taxation Relief (Surrender of Relievable Tax Within a Group) Regulations 2001 (S.I. 2001/1163)](https://www.legislation.gov.uk/uksi/2001/1163), [reg. 10](https://www.legislation.gov.uk/uksi/2001/1163/regulation/10)
[^c22750001]: [S. 402(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/3A/3B) inserted (with effect in accordance with [Sch. 27 para. 6(1)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 1](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/1)
[^c23438371]: Words in [s. 402(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/3B) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23441211]: Words in [s. 402(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/6/b) repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23441731]: Words in [s. 402(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/1) substituted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 1(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/1/2)
[^c23441751]: [S. 402(2)-(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/2) substituted for s. 402(2) (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 1(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/1/3)
[^c23441771]: Words in [s. 402(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/3A) substituted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 1(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/1/4)
[^c22749271]: [S. 403](https://www.legislation.gov.uk/ukpga/1988/1/section/403) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 8 para 2(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/8/paragraph/2/2) (as substituted (with effect in accordance with s. 38(2)(3) of the1998 amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch 5 para. 64(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/64/3) (with [Sch 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73)))
[^c22749281]: [S. 403](https://www.legislation.gov.uk/ukpga/1988/1/section/403) modified (with effect in accordance with s. 38(2)(3) of the modifying Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 paras. 75](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/75), [76](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/76)
[^c22751821]: [S. 403](https://www.legislation.gov.uk/ukpga/1988/1/section/403) excluded (with effect in accordance with s. 579(1) of the affecting Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [ss. 260(7)](https://www.legislation.gov.uk/ukpga/2001/2/section/260/7), [261](https://www.legislation.gov.uk/ukpga/2001/2/section/261) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22749191]: [Ss. 403-403ZE](https://www.legislation.gov.uk/ukpga/1988/1/section/403) substituted for s. 403 (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 29](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/29) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23438711]: [S. 403](https://www.legislation.gov.uk/ukpga/1988/1/section/403) modified (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [ss. 27(1)(b)](https://www.legislation.gov.uk/ukpga/2004/20/section/27/1/b), [198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^c22752121]: Words in [s. 403(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/403/1/b) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 2(1)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/2/1/a)
[^c22752141]: Words in [s. 403(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/403/3) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/2/1/b)
[^c22752161]: Words in [s. 403(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/403/3) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 2(1)(c)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/2/1/c)
[^c23441841]: [S. 403](https://www.legislation.gov.uk/ukpga/1988/1/section/403) restricted (with effect in accordance with Sch. 10 para. 2 of the affecting Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 10 para. 38(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/38/5)
[^c23441791]: Words in [s. 403(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/403/4) inserted (with effect in accordance with [s. 83(4)-(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/83/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 83(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/83/1)
[^c23441821]: Words in [s. 403(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/403/4) inserted (with effect in accordance with [Sch. 10 para. 2](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 10 para. 43(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/43/3)
[^c21598361]: Source—1987 (No.2) s.63
[^c21598371]: *Definition applied for purposes of*—1970 s.273A—*transfer of U.K. branch or agency.*1970 s.276(1A)—*replacement of business assets by members of a group.*1990(C) s.161(2)—*interpretation.*
[^c22745731]: [S 404(6)(a)(ia)](https://www.legislation.gov.uk/ukpga/1988/1/section/404/6/a/ia) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 21(1)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/21/1/a) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22745831]: [S. 404(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/404/7) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 21(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/21/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22751861]: [S. 404](https://www.legislation.gov.uk/ukpga/1988/1/section/404) applied (with modifications) (31.3.2001 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Double Taxation Relief (Surrender of Relievable Tax Within a Group) Regulations 2001 (S.I. 2001/1163)](https://www.legislation.gov.uk/uksi/2001/1163), [reg. 10](https://www.legislation.gov.uk/uksi/2001/1163/regulation/10)
[^c22748631]: [S. 404(2)(a)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/404/2/a/aa) substituted for s. 404(2)(a) (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 37(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/37/2) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22748691]: [S. 404(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/404/6/c) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 37(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/37/3), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 para. 73)
[^c23438651]: Word in [s. 404(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/404/2/c) substituted (28.9.2004 with effect in accordance with art. 1(2), Sch. para. 16(3) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 16(2)
[^c21598381]: Source—1985 Sch.9 2
[^c21598391]: Source—1985 Sch.9 3
[^c22747371]: Words in [s. 405(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/405/4) substituted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 4](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/4)
[^c21598401]: Source—1985 Sch.9 5(1), 6(1)
[^c21598411]: Source—1985 Sch.9 5(2)-(4)
[^c21598421]: Source—1985 Sch.9 6(2)-(5)
[^c22742971]: Words in [s. 406(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/406/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(2)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/2/5)
[^c22747391]: Words in [s. 406(2)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/406/2/6) substituted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 5(1)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/5/1/a)
[^c22747421]: Words in [s. 406(2)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/406/2/6) substituted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 5(1)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/5/1/b)
[^c22747451]: [S. 406(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/406/3) substituted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 5(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/5/2)
[^c22747471]: [S. 406(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/406/7) substituted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 5(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/5/3)
[^c22747491]: Words in [s. 406(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/406/8) substituted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 5(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/5/4)
[^c21598591]: Source—1970 s.260(1)
[^c21598601]: Source—1970 s.260(1), (2)
[^c21598611]: Words in [s. 407(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/1/b) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 14(1)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/14/1)
[^c21598631]: Source—1970 s.260(3)(a), (d)
[^c21598641]: Words in [s. 407(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/2/a) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 14(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/14/2)
[^c21598651]: Source—1970 s.260(3)(b)
[^c21598671]: Word in [s. 407(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/2) inserted (27.7.1993 ) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 170](https://www.legislation.gov.uk/ukpga/1993/34/section/170), [Sch. 18 para.4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/18/paragraph/4)
[^c21598681]: [S. 407(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/2/c) and words inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 170](https://www.legislation.gov.uk/ukpga/1993/34/section/170), [Sch. 18 para.4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/18/paragraph/4)
[^c21598691]: Source—1970 s.260(4)
[^c22745851]: Words in [s. 407(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/1/b) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 22(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/22/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22745871]: [S. 407(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/2/c) substituted for para. (c) and words following it (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 22(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/22/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22751541]: Words in [s. 407(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/1/b) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 37(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/37/1) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751551]: Words in [s. 407(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/2/b) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 37(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/37/2) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22746161]: [S. 410(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/410/1/2) restricted (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 20(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/20/1) (with [s. 43(6)](https://www.legislation.gov.uk/ukpga/1996/55/section/43/6))
[^c22744691]: [S. 410](https://www.legislation.gov.uk/ukpga/1988/1/section/410) restricted (19.7.1995) by [Crown Agents Act 1995 (c. 24)](https://www.legislation.gov.uk/ukpga/1995/24) s. 7(2)
[^c22744291]: [S. 410](https://www.legislation.gov.uk/ukpga/1988/1/section/410) restricted (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 16](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/16) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c22743191]: [S. 410](https://www.legislation.gov.uk/ukpga/1988/1/section/410) restricted (retrospective to 5.11.1993) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/2), [Sch. 24 para. 17](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/17)
[^c22744751]: [S. 410(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/410/1/2) restricted (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 8(1)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/8/1)
[^c21598761]: Source—1973 s.29, 32(6); 1981 s.40(6)
[^c21598771]: *See* Trustee Savings Bank Act 1985 s.5*and* Sch.2 para.6(8)—s.410*not to apply to transfers effected by* s.3*of the* TSB Act 1985.
[^c21598781]: Source—1981 s.47
[^c22750861]: [S. 410](https://www.legislation.gov.uk/ukpga/1988/1/section/410) restricted (6.11.2000) by [Postal Services Act 2000 (c. 26)](https://www.legislation.gov.uk/ukpga/2000/26), [s. 130(1)](https://www.legislation.gov.uk/ukpga/2000/26/section/130/1), [Sch. 4 para. 5](https://www.legislation.gov.uk/ukpga/2000/26/schedule/4/paragraph/5); [S.I. 2000/2957](https://www.legislation.gov.uk/uksi/2000/2957), [art. 2(1)](https://www.legislation.gov.uk/uksi/2000/2957/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2000/2957/schedule/1)
[^c22752041]: [S. 410](https://www.legislation.gov.uk/ukpga/1988/1/section/410) restricted (1.4.2002) by [The Scottish Water (Transfer of Functions, etc.) (Tax Provisions) Order 2002 (S.I. 2002/653)](https://www.legislation.gov.uk/uksi/2002/653), [art. 5](https://www.legislation.gov.uk/uksi/2002/653/article/5) (with [art. 6](https://www.legislation.gov.uk/uksi/2002/653/article/6))
[^c22751881]: S.. 410(1)(4)(5)-(7) applied (with modifications) (31.3.2001 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Double Taxation Relief (Surrender of Relievable Tax Within a Group) Regulations 2001 (S.I. 2001/1163)](https://www.legislation.gov.uk/uksi/2001/1163), [reg. 10](https://www.legislation.gov.uk/uksi/2001/1163/regulation/10)
[^c22746471]: Words in [s. 410(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/410/5) inserted (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 68](https://www.legislation.gov.uk/ukpga/1997/16/section/68)
[^c21598791]: Source—1970 s.263(1),(2)
[^c22747561]: [S. 411(2)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/411/2) repealed (with effect in accordance with Sch. 7 para. 6, Sch. 8 Pt. 2(14) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 6](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/6), [Sch. 8 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/14)
[^c22751901]: [S. 411(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/411/1) applied (with modifications) (31.3.2001 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Double Taxation Relief (Surrender of Relievable Tax Within a Group) Regulations 2001 (S.I. 2001/1163)](https://www.legislation.gov.uk/uksi/2001/1163), [reg. 10](https://www.legislation.gov.uk/uksi/2001/1163/regulation/10)
[^c22751731]: Words in [s. 411(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/411/10) repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 38(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/38/a), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751741]: Words in [s. 411(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/411/10) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 38(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/38/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22748651]: [S. 412](https://www.legislation.gov.uk/ukpga/1988/1/section/412) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 46](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/46); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21598931]: Source—1970 s.258; 1985 Sch.9 1
[^c21598941]: Source—1970 s.258(5)-(7)
[^c21598951]: Source—1970 s.258(8); 1984 s.46(2); 1985 Sch.9 1(a)
[^c22743261]: [S. 413(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/6/a) applied (retrospective to 5.11.1993) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/2), [Sch. 24 para. 17(7)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/17/7)
[^c21598961]: Source—1973 s.28(2)-(5); 1981 s.40(5)
[^c22743031]: [S. 413(8)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/8/9) repealed (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(3)(b)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/3/b/5), [Sch. 40 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/11), Note 2
[^c22747511]: [S. 413(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/2A) inserted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 7](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/7)
[^c22748671]: Words in [s. 413(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/6) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 38](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/38) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22750111]: [S. 413(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/2): definition of "company" inserted (with effect in accordance with [Sch. 27 para. 6(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 7 para. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/7/paragraph/2/1) (with [Sch. 7 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/7/paragraph/6/1))
[^c22750131]: [S. 413(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/2): definition of "non-resident company" inserted (with effect in accordance with [Sch. 27 para. 6(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 7 para. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/7/paragraph/2/1) (with [Sch. 7 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/7/paragraph/6/1))
[^c23441631]: [S. 413(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/3) applied (with modifications) (6.4.2006) by [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [regs. 1](https://www.legislation.gov.uk/uksi/2006/575/regulation/1), [35](https://www.legislation.gov.uk/uksi/2006/575/regulation/35)
[^c22767851]: Words in [s. 413(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/5) repealed (with efffect in accordance with Sch. 27 para. 6(4) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 2(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/2/2), [Sch. 40 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/11), Note 3
[^c22743021]: [S. 413(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/5/c) and preceding word repealed (with efffect in accordance with Sch. 27 para. 6(4) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 2(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/2/2), [Sch. 40 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/11), Note 3
[^c23442601]: [S. 413(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/2): definition of "EEA territory" inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 5(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/5/2)
[^c23443201]: [S. 413(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/3/a) applied (6.4.2007) by [The Income Tax (Construction Industry Scheme) Regulations 2005 (S.I. 2005/2045)](https://www.legislation.gov.uk/uksi/2005/2045), [regs. 1](https://www.legislation.gov.uk/uksi/2005/2045/regulation/1), [5(5)](https://www.legislation.gov.uk/uksi/2005/2045/regulation/5/5) (with [Sch. 1](https://www.legislation.gov.uk/uksi/2005/2045/schedule/1)); Gazette issue 58269 dated 9.3.2007
[^c22746701]: [S. 403A](https://www.legislation.gov.uk/ukpga/1988/1/section/403A) modified by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 179(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/179/4) (as amended (with effect in accordance with Sch. 7 para. 9 of the 1997 amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 8](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/8))
[^c22750041]: Words in [s. 403A(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/403A/10/b) inserted (with effect in accordance with [Sch. 27 para. 6(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 3(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/3/b) (with [Sch. 27 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1))
[^c23441891]: [S. 403A(10)(a)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/403A/10/a/ab) substituted for s. 403A(10)(a) (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 2(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/2/2)
[^c23441921]: [S. 403A(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/403A/11) inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 2(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/2/3)
[^c22746721]: [S. 403B](https://www.legislation.gov.uk/ukpga/1988/1/section/403B) modified by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 179(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/179/4) (as amended (with effect in accordance with Sch. 7 para. 9 of the 1997 amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 8](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/8))
[^c22750071]: [S. 403C](https://www.legislation.gov.uk/ukpga/1988/1/section/403C) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(1)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/1/5)
[^c22749751]: [Pt. 10 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/4) modified (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1), [5(1)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/5/1)
[^c22751481]: Words in [s. 403ZB(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZB/1) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para 36](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/36) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751501]: [S. 403ZB(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZB/2) restricted (with effect in accordance with s. 579(1) of the restricting Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 131(7)](https://www.legislation.gov.uk/ukpga/2001/2/section/131/7) (with [Sch. 3 paras. 54](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/54), [55](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/55))
[^c22749241]: [1996 c.8](https://www.legislation.gov.uk/ukpga/1996/8).
[^c22752181]: [S. 403ZC(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZC/2) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 45](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/45), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c22752221]: [S. 403ZD(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZD/6) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 2(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/2/2)
[^c23438571]: [S. 403ZD(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZD/4) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 14(2)(4)
[^c23438591]: [S. 403ZD(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZD/5) omitted (28.9.2004 with effect in accordance with art. 1(2) of the repealing S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 14(3)
[^c23438611]: Words in [s. 403ZE(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZE/1/b/ii) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 15(2)(3)
[^c23438631]: [S. 403ZE(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZE/2) omitted (28.9.2004 with effect in accordance with art. 1(2) of the repealing S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 15(4)
[^c23550481]: [Pt. 10 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/4): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 35](https://www.legislation.gov.uk/uksi/2006/575/regulation/35) to be construed as one with this Chapter (6.4.2006) by virtue of regs. 1, 35(2) of that affecting S.I.
[^c23441971]: Words in [s. 403D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/403D/1) inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 3(2)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/3/2/a)
[^c23441991]: Words in [s. 403D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/403D/1) inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 3(2)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/3/2/b)
[^c23442011]: [S. 403D(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/403D/11) inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 3(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/3/3)
[^c23438381]: Words in [s. 403E(1)(a)(2)(4)(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/403E/1/a/2/4/5/6) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23546071]: [S. 403E(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/403E/3) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 5](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/5), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23441691]: [Pt. 10 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/4) modified (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 136(1)(2)(c)](https://www.legislation.gov.uk/ukpga/2006/25/section/136/1/2/c)
[^c23550461]: [Pt. 10 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/4) modified (12.12.2006 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Taxation of Securitisation Companies Regulations 2006 (S.I. 2006/3296)](https://www.legislation.gov.uk/uksi/2006/3296), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/3296/regulation/1/1), [17](https://www.legislation.gov.uk/uksi/2006/3296/regulation/17)
[^c23550471]: [Pt. 10 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/4) modified (1.4.2009 with effect in accordance with s. 1329(1) of the modifying Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/39/3) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23550451]: [S. 411ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/411ZA): power to amend conferred (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 521](https://www.legislation.gov.uk/ukpga/2009/4/section/521) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2), [paras. 73-75](https://www.legislation.gov.uk/ukpga/2009/4/paragraph/73))
[^c22752391]: [S. 414](https://www.legislation.gov.uk/ukpga/1988/1/section/414) modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 9A(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/9A/4) (as inserted (with effect in accordance with s. 104(5) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 104(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/104/3))
[^c22752411]: [S. 414](https://www.legislation.gov.uk/ukpga/1988/1/section/414) modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 2(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/2/5) (as inserted (with effect in accordance with s. 82(2) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 22(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/22/4))
[^c23481021]: [S. 414](https://www.legislation.gov.uk/ukpga/1988/1/section/414) applied (with modifications) (6.4.2005 with effect in accordance with s. 883(1) of the affecting Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 453](https://www.legislation.gov.uk/ukpga/2005/5/section/453), [456(7)](https://www.legislation.gov.uk/ukpga/2005/5/section/456/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21598971]: *See* 1979(C) s.155(1)—*definition applied for purposes of capital gains.*
[^c21598981]: Source—1970 s.282(1)
[^c21598991]: 1989 s. 104(1) from 1 April 1989. Previously "(2) Subject to section 415 and subsection (5) below, a company resident in the United Kingdom (but not falling within subsection (1)(b) above) is a close company if-(a) on the assumtion that it is so, or (b) on the assumption that it and any other such company or companies are so, more than half of any any amount falling to be apportioned under section 423 in the case of the company (including any sum which has been apportioned to it, or could on either of those assumptions be apportioned to it, under that section) could be apportioned among five or fewer participators, or among participators who are directors.".
[^c21599001]: Source—1970 s.282(2); 1972 Sch.17 1
[^c21599011]: Repealed by 1989 ss. 104(2) and 187 and Sch. 17 Part V from 1 April 1989
[^c21599021]: Source—1970 s.282(3)
[^c21599031]: 1970 s.282(4), (5); 1972 Sch.17 1
[^c21599041]: 1989 s.104(3)*from* 1*April* 1989.*Previously* “paragraph (c) of section 416(2) and it would not be a close company if the reference in that paragraph”.
[^c21599051]: Source—1971 s.25(6)
[^c23481081]: Words in [s. 414(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/414/7) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para 18](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/18) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23481211]: Words in [s. 414(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/414/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 77](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/77) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21599061]: Source—1970 s.283(1)-(3)
[^c21599071]: Source—1970 s.283(4)(a)
[^c21599081]: Source—1970 s.283(4)(bb); 1970(F) Sch.5 Part III 12(3)
[^c21599091]: Source—1970 s.283(4)(c)
[^c21599101]: Source—1970 s.283(5)-(8)
[^c22745911]: Word in [s. 415(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/415/1/b) substituted (with effect in accordance with [Sch. 38 para. 6(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(f)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/f)
[^c23481101]: Words in [s. 415(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/415/4/b) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para 19](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/19) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23481231]: Word in [s. 415(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/415/1/b) substituted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 7(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/7/4)
[^c21599161]: [S. 416](https://www.legislation.gov.uk/ukpga/1988/1/section/416) applied (with modifications) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 89(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/89/1), [Sch. 16 para. 10(9)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/16/paragraph/10/9) [S. 416](https://www.legislation.gov.uk/ukpga/1988/1/section/416) applied (with modifications) by [Finance Act 1981 (c. 35, SIF 63:2)](https://www.legislation.gov.uk/ukpga/1981/35), [s. 82A(11)(13)](https://www.legislation.gov.uk/ukpga/1981/35/section/82A/11/13) (in relation to payments received on or after 19.3.1991) (as inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 91](https://www.legislation.gov.uk/ukpga/1991/31/section/91), [Sch. 18 para. 4](https://www.legislation.gov.uk/ukpga/1991/31/schedule/18/paragraph/4))
[^c21599171]: [S. 416](https://www.legislation.gov.uk/ukpga/1988/1/section/416) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 86(5)](https://www.legislation.gov.uk/ukpga/1992/12/section/86/5), [288(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/288/1), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [Sch. 5 paras. 2(8)(9)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5/paragraph/2/8/9), [8(8)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5/paragraph/8/8), [9(9)(10)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5/paragraph/9/9/10) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)) [S. 416](https://www.legislation.gov.uk/ukpga/1988/1/section/416) applied (1.10.1992) by [S.I. 1992/1725 (N.I. 15)](https://www.legislation.gov.uk/nisi/1992/1725), [art. 62(4)](https://www.legislation.gov.uk/nisi/1992/1725/article/62/4); [S.R. 1992/402](https://www.legislation.gov.uk/nisr/1992/402), [art. 2(a)](https://www.legislation.gov.uk/nisr/1992/402/article/2/a)
[^c22744231]: [S. 416](https://www.legislation.gov.uk/ukpga/1988/1/section/416) applied (17.12.1996) by [Housing Grants, Construction and Regeneration Act 1996 (c. 53)](https://www.legislation.gov.uk/ukpga/1996/53), [ss. 54(2)](https://www.legislation.gov.uk/ukpga/1996/53/section/54/2), [150(3)](https://www.legislation.gov.uk/ukpga/1996/53/section/150/3); [S.I. 1996/2842](https://www.legislation.gov.uk/uksi/1996/2842), [art. 3](https://www.legislation.gov.uk/uksi/1996/2842/article/3)
[^c23457351]: S, 416 applied (N.I.) (1.10.2003 for specified purposes and 1.12.2003 otherwise) by [The Housing (Northern Ireland) Order 2003 (S.I. 2003/412)](https://www.legislation.gov.uk/uksi/2003/412), [arts. 1(3)](https://www.legislation.gov.uk/uksi/2003/412/article/1/3), [85(2)](https://www.legislation.gov.uk/uksi/2003/412/article/85/2); [S.R. 2003/270](https://www.legislation.gov.uk/nisr/2003/270), [art. 2(4)](https://www.legislation.gov.uk/nisr/2003/270/article/2/4), [Sch. 3](https://www.legislation.gov.uk/nisr/2003/270/schedule/3)
[^c21599181]: Source—1970 s.302(1); 1972 Sch.24 21
[^c21599191]: Words repealed by 1989 s. 187 and Sch. 17 Part v in relation to accounting periods beginning after 31 March 1989
[^c21599201]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 184(1)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/184/1/b), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22745921]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 87(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/87/6) (with [Schs. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10), [11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11))
[^c22745941]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with effect in accordance with Sch. 9 para. 17(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8) Sch. 9 para. 17(9)
[^c22746271]: [S. 416(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (1.3.1996) by [Gas Act 1995 (c. 45)](https://www.legislation.gov.uk/ukpga/1995/45), [ss. 12(7)](https://www.legislation.gov.uk/ukpga/1995/45/section/12/7), [18(4)](https://www.legislation.gov.uk/ukpga/1995/45/section/18/4) (with [Sch. 5 para. 1](https://www.legislation.gov.uk/ukpga/1995/45/schedule/5/paragraph/1)); [S.I. 1996/218](https://www.legislation.gov.uk/uksi/1996/218), [art. 3](https://www.legislation.gov.uk/uksi/1996/218/article/3)
[^c22746291]: [S. 416(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (10.6.1996) by [The Gas (Northern Ireland) Order 1996 (S.I. 1996/275)](https://www.legislation.gov.uk/uksi/1996/275), [arts. 1(2)](https://www.legislation.gov.uk/uksi/1996/275/article/1/2), [39(7)](https://www.legislation.gov.uk/uksi/1996/275/article/39/7) (with [art. 71](https://www.legislation.gov.uk/uksi/1996/275/article/71)); [S.R. 1996/216](https://www.legislation.gov.uk/nisr/1996/216), [art. 2](https://www.legislation.gov.uk/nisr/1996/216/article/2) (with [arts. 3](https://www.legislation.gov.uk/nisr/1996/216/article/3), [4](https://www.legislation.gov.uk/nisr/1996/216/article/4))
[^c22750701]: [S. 416(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with modifications) by [Gas Act 1986 (c. 44)](https://www.legislation.gov.uk/ukpga/1986/44), [s. 19E(4)](https://www.legislation.gov.uk/ukpga/1986/44/section/19E/4) (as inserted (10.8.2000) by [The Gas (Third Party Access and Accounts) Regulations 2000 (S.I. 2000/1937)](https://www.legislation.gov.uk/uksi/2000/1937), [Sch. 2 para. 1](https://www.legislation.gov.uk/uksi/2000/1937/schedule/2/paragraph/1))
[^c22750721]: [S. 416(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with modifications) by [Petroleum Act 1998 (c. 17)](https://www.legislation.gov.uk/ukpga/1998/17), [s. 17E(7)](https://www.legislation.gov.uk/ukpga/1998/17/section/17E/7) (as inserted (10.8.2000) by [The Gas (Third Party Access and Accounts) Regulations 2000 (S.I. 2000/1937)](https://www.legislation.gov.uk/uksi/2000/1937), [Sch. 4 para. 4](https://www.legislation.gov.uk/uksi/2000/1937/schedule/4/paragraph/4))
[^c22750881]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with modifications) (with application in accordance with s. 63(4) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 8(2)-(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/8/2)
[^c22750901]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with application in accordance with s. 63(4) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 20](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/20); and s. 416(2)-(6) applied by that para. 20 as amended by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 20 paras. 4](https://www.legislation.gov.uk/ukpga/2004/12/schedule/20/paragraph/4), [15](https://www.legislation.gov.uk/ukpga/2004/12/schedule/20/paragraph/15)
[^c22750921]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with application in accordance with s. 63(4) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 33(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/33/5)
[^c22752431]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch.15 para. 11(2D)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15/paragraph/11/2D/a) (as inserted (with effect in accordance with s. 82(2) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 41(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/41/2))
[^c22752451]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 59(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/59/4)
[^c23457571]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 5 para. 10(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/5/paragraph/10/3) (as substituted (with effect in accordance with s. 96(6) of the 2004 amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 96(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/96/3))
[^c23457581]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with effect in accordance with s. 77 of the affecting Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 11 para. 4(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/11/paragraph/4/2); [S.I. 2006/3240](https://www.legislation.gov.uk/uksi/2006/3240), [art. 2](https://www.legislation.gov.uk/uksi/2006/3240/article/2)
[^c23481311]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 784(6)](https://www.legislation.gov.uk/ukpga/2009/4/section/784/6) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c21599211]: Source—1970 s.302(2)-(4); 1972 Sch.17 5
[^c21599221]: Source—1970 s.302(5), (6)
[^c21599351]: *Definition of* “participator”,*excluding* “loan creditor”,*applied for purposes of* 1979(C) s.149 (*capital gains tax relief on disposals to employee trusts*).*Definition of* “participator” *applied for purposes of*—1988 s.168(11)—*directors etc.*1988 s.187(3)—*share option and profit sharing schemes.*1988 s.360A—*loan to buy interest in close company.*1989 Sch.5—*employee share ownership trusts.*
[^c21599361]: In s. 417(1): definition of 'participator' applied by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 89](https://www.legislation.gov.uk/ukpga/1991/31/section/89), [Sch. 16 paras. 4(10)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/16/paragraph/4/10), [10(10)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/16/paragraph/10/10), [11(11)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/16/paragraph/11/11) and applied by [Finance Act 1981 (c. 35, SIF 63:2)](https://www.legislation.gov.uk/ukpga/1981/35), [s. 82A(12)(13)](https://www.legislation.gov.uk/ukpga/1981/35/section/82A/12/13) (in relation to payments received on or after 19.3.1991) (as inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 91](https://www.legislation.gov.uk/ukpga/1991/31/section/91), [Sch. 18 para. 4](https://www.legislation.gov.uk/ukpga/1991/31/schedule/18/paragraph/4))
[^c21599371]: Source—1970 s.303(1), (2)
[^c21599381]: *See* s.360(4)(b)*ante with regard to loans made before* 14*November* 1986.
[^c21599391]: *Definition of* “associate” *applied for purposes of:*—1988 s.168 (Ch.II Part V) (*expenses of directors and others*).1988 s.312 (Ch.III Part VII) (*Business Expansion Scheme*).1989 Sch.5 para.16—*employee share ownership trusts.*
[^c21599411]: Source—1970 s.303(4)-(6)
[^c21599421]: *Definition applied for purposes of* 1988(F) s.131—*penalties; and* 1989 s.134—*non-payment of tax by non-residents.*
[^c21599431]: *Definition applied for purposes of* 1989 Sch.12 Pt.I—*close companies: administrative provisions.*
[^c21599441]: Source—1970 s.303(7)
[^c21599451]: Source—1970 s.303(8); 1972 Sch.17 7
[^c21599461]: Source—1970 s.303(7)
[^c21599401]: Source—1970 s.303(3); 1970(F) Sch.5 Part III 12(4); 1987 s.37(1)
[^c23481041]: Words in [s. 417(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/417/4) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [72](https://www.legislation.gov.uk/uksi/2005/3229/regulation/72)
[^c23481331]: [S. 417](https://www.legislation.gov.uk/ukpga/1988/1/section/417) modified (1.4.2009 with effect in accordance with s. 1329(1) of the modifying Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 519(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/519/2) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2), [paras. 73-75](https://www.legislation.gov.uk/ukpga/2009/4/paragraph/73))
[^c23481371]: [S. 417(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/417/1) applied (with modifications) (with effect in accordance with Sch 15 paras. 97, 98 of the modifying Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 15 para. 82(5)(6)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/15/paragraph/82/5/6)
[^c23481161]: Words in [s. 417(3)(b)(c)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/417/3/b/c/i) repealed (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 12(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/12/b), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15), Note
[^c23481141]: Words in [s. 417(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/417/3/b) repealed (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 12(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/12/a), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15), Note
[^c21599471]: Source—1970 s.284(1)
[^c21599481]: Source—1970 s.284(2)
[^c21599491]: Source—1970 s.284(2)(a); 1976 Sch.9 15
[^c21599501]: 1989 s.53(2)(f).*Previously* “director's or higher-paid employment (within the meaning of section 167)”.
[^c21599511]: Source—1970 s.284(2)(aa); 1980 s.51(4)
[^c21599521]: Source—1970 s.284(2)(b); 1976 Sch.9 15; 1977 s.35(4)
[^c21599531]: Source—1970 s.284(3); 1976 Sch.9 16
[^c21599541]: Source—1970 s.284(4)-(7)
[^c23457471]: Words in [s. 418(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/418/3/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 55(2)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/55/2/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23457491]: Words in [s. 418(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/418/3/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 55(2)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/55/2/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23457511]: Words in [s. 418(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/418/3/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 55(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/55/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23457531]: Words in [s. 418(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/418/4) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 55(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/55/4) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481061]: Words in [s. 418(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/418/3/c) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [73](https://www.legislation.gov.uk/uksi/2005/3229/regulation/73)
[^c21599551]: *See* 1989 s.107*and* Sch.12—*close companies: administrative provisions.*
[^c21599561]: *See* 1970(M) s.109—*application of* s.419*to corporation tax enactments generally.*
[^c21599571]: [S. 419(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/1/3): 30.9.1993 appointed for the purposes of s. 419(1)(3) by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/b)
[^c21599581]: Source—1970 s.286(1); 1972 Sch.17 3(2); 1987 (No.2) s.90(3)
[^c21599591]: Source—1970 s.286(2)
[^c21599621]: Source—1970 s.286(5); 1972 Sch.17 3(4); 1986 s.43(2); 1976 s.44
[^c21599631]: Source—1970 s.286(7)-(9)
[^c22746021]: [S. 419(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/3) substituted (with effect in accordance with [s. 173(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 173(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/2)
[^c22746081]: [S. 419(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4A) inserted (with effect in accordance with [s. 173(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 173(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/3)
[^c22767981]: Words in [s. 419(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/6) repealed (with effect in accordance with s. 173(6) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 173(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/4), [Sch. 41 Pt. 5(29)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/29), Note
[^c22748711]: Words in [s. 419(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/1) substituted (with effect in accordance with [Sch. 3 para. 24(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/2)
[^c22748911]: Words in [s. 419(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/3) inserted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 47(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/47/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22748731]: Word in [s. 419(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4) renumbered as s. 419(4)(a) (with effect in accordance with [Sch. 3 para. 24(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/3/a)
[^c22748771]: [S. 419(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4/b) and preceding word inserted (with effect in accordance with [Sch. 3 para. 24(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/3/b)
[^c22748871]: Words in [s. 419(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4) repealed (with effect in accordance with s. 117(4)(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para 47(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/47/3), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22748761]: Words in [s. 419(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4) inserted (with effect in accordance with [Sch. 3 para. 24(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/3/c)
[^c22748801]: Word in [s. 419(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4A) renumbered as s. 419(4A)(a) (with effect in accordance with [Sch. 3 para. 24(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/4/a)
[^c22748821]: [S. 419(4A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4A/b) and preceding word inserted (with effect in accordance with [Sch. 3 para. 24(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/4/b)
[^c22748841]: Words in [s. 419(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4A) inserted (with effect in accordance with [Sch. 3 para. 24(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(4)(c)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/4/c)
[^c22748891]: [S. 419(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4B) inserted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 47(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/47/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21599641]: Source—1970 s.286(2)
[^c21599651]: Source—1970 s.286(3), (9); 1971 s.25(5); 1972 Sch.17 3(3)
[^c21599661]: Words omitted where the loan first mentioned in s. 420(2) is made on or after 6 April 1990-see 1988(F) s. 35 and Sch. 3 para. 16.
[^c21599701]: Words in [s. 421(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/a) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 77(4)(a)(5)](https://www.legislation.gov.uk/ukpga/1993/34/section/77/4/a/5)
[^c22747651]: Words in [s. 421(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/a/b) substituted (with effect in accordance with [Sch. 4 para. 11(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/11/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 11(1)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/11/1/a)
[^c23480921]: Words in [s. 421(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23480941]: Words in [s. 421(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23480961]: Words in [s. 421(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23480981]: Words in [s. 421(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23481001]: Words in [s. 421(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23480861]: [S. 421(1)(c)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/c/d) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/2/d), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23480891]: [S. 421(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/2/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23481181]: Words in [s. 421(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 13](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/13), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c21599751]: Source—1970 s.287A 1976 s.44(2)
[^c22770741]: Source—1970 s.323(1); 1973 s.40(7); 1982 s.58(7)
[^c22770761]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2) modified (31.7.1992 with effect as mentioned in reg. 1 of the modifying S.I.) by [S.I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 1](https://www.legislation.gov.uk/uksi/1992/1655/regulation/1), [5](https://www.legislation.gov.uk/uksi/1992/1655/regulation/5) (as amended (31.12.1993) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1993 (S.I. 1993/3111)](https://www.legislation.gov.uk/uksi/1993/3111), [regs. 1](https://www.legislation.gov.uk/uksi/1993/3111/regulation/1), [5](https://www.legislation.gov.uk/uksi/1993/3111/regulation/5), [6](https://www.legislation.gov.uk/uksi/1993/3111/regulation/6); and as further amended (19.3.1997) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1997 (S.I. 1997/471)](https://www.legislation.gov.uk/uksi/1997/471), [regs. 1](https://www.legislation.gov.uk/uksi/1997/471/regulation/1), [6](https://www.legislation.gov.uk/uksi/1997/471/regulation/6))
[^c22770771]: Source—1970 s.323(2); 1970(F) Sch.5 Pt.III 11(4)
[^c22770791]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/1/2)
[^c22770811]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "foreign income dividends" inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 4](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/4)
[^c22770831]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/1/2)
[^c22770851]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/1/2)
[^c22770861]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/1/2)
[^c22770871]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in the definition of "overseas life insurance company" substituted (27.7.1993 as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 103(1)(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/1/3/4)
[^c22770881]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "UK distribution income" inserted (27.7.1993 with effect in relation to accounting periods beginning after 31.12.1992) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 99(2)(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/99/2/3)
[^c22770901]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/1/2)
[^c22770911]: [S. 431(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 1(3)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/1/3)
[^c22855041]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "general annuity business" and "pension business" repealed (with effect in accordance with Sch. 8 para. 57, Sch. 29 Pt. 8(5) Notes 2, 3 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5)
[^c22855071]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "basic life assurance business" repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22855081]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "basic life assurance and general annuity business" repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22855011]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "basic life assurance and general annuity business" inserted (with effect in accordance with [Sch. 8 para. 57](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/1)
[^c22854971]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "insurance company" substituted (with effect in accordance with [s. 52(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/52/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/52/1)
[^c22854991]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "life reinsurance business" inserted (with effect in accordance with [Sch. 8 para. 57](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/1)
[^c22855031]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "linked assets" substituted (with effect in accordance with [Sch. 8 para. 57](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 11(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/11/1)
[^c22855091]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "offshore income gain" repealed (with effect in accordance with Sch. 8 para. 55 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 1
[^c22855101]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "overseas life asurance business" repealed (with effect in accordance with Sch. 8 para. 55 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 1
[^c22855001]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "overseas life assurance business" inserted (with effect in accordance with [Sch. 8 para. 55](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/1)
[^c22855111]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): word following the definition of "overseas life assurance company" repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22854981]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "pension business" inserted (with effect in accordance with [Sch. 8 para. 57](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/1)
[^c22855131]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "policy holders' fraction" and "shareholders' fraction" inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch.8 para.1](https://www.legislation.gov.uk/ukpga/1989/26/schedule/8/paragraph/1) and repealed (retrospectively) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch.19 Part IV](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19), Note 6
[^c22855021]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "reinsurance business" inserted (with effect in accordance with [Sch. 8 para. 57](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/1)
[^c22855121]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "UK distribution income" repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22855141]: [S. 431(2A)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2A) repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22855431]: [S. 431](https://www.legislation.gov.uk/ukpga/1988/1/section/431) modified (20.3.1997 with effect as mentioned in reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [6](https://www.legislation.gov.uk/uksi/1997/473/regulation/6) (as amended by: [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [regs. 1](https://www.legislation.gov.uk/uksi/2001/3629/regulation/1), [156](https://www.legislation.gov.uk/uksi/2001/3629/regulation/156), [165(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/regulation/165/2/b); [S.I. 2003/23](https://www.legislation.gov.uk/uksi/2003/23), [regs. 1](https://www.legislation.gov.uk/uksi/2003/23/regulation/1), [4](https://www.legislation.gov.uk/uksi/2003/23/regulation/4); [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [6](https://www.legislation.gov.uk/uksi/2004/822/regulation/6); [S.I. 2005/2005](https://www.legislation.gov.uk/uksi/2005/2005), [regs. 1](https://www.legislation.gov.uk/uksi/2005/2005/regulation/1), [5](https://www.legislation.gov.uk/uksi/2005/2005/regulation/5))
[^c22855441]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2) modified (20.3.1997 with effect as mentioned in reg. 7(1) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [7](https://www.legislation.gov.uk/uksi/1997/473/regulation/7)
[^c22855401]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "industrial assurance business" repealed (with effect in accordance with Sch. 41 Pt. 5(26) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(26)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/26)
[^c22855421]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in definition of "long term business fund" repealed (with effect in accordance with Sch. 41 Pt. 5(26) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(26)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/26)
[^c22855411]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "ordinary long term business" and "ordinary life assurance business" repealed (with effect in accordance with Sch. 41 Pt. 5(26) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(26)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/26)
[^c22855451]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "foreign income dividends" repealed (with effect in accordance with Sch. 6 para. 5(2) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 5(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/5/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22855471]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [7](https://www.legislation.gov.uk/uksi/1998/1871/regulation/7)
[^c22855481]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2) modified (23.3.1999 with effect in accordance with reg. 1 of the modifying S.I.) by [The Insurance Companies (Capital Redemption Business) (Modification of the Corporation Tax Acts) Regulations 1999 (S.I. 1999/498)](https://www.legislation.gov.uk/uksi/1999/498), [regs. 3](https://www.legislation.gov.uk/uksi/1999/498/regulation/3), [5](https://www.legislation.gov.uk/uksi/1999/498/regulation/5)
[^c22855491]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "investment reserve" repealed (with effect in accordance with s. 109(10) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(9)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/9/a), [Sch. 40 Pt. 2(16)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/16), Note 1
[^c22855501]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "contract of insurance" inserted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 26(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/26/2)
[^c22855521]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions of "insurance business transfer scheme" and "insurance company" substituted for definition of "insurance company" (1.12.2001 in accordance with arts. 1(2)(a), 26(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 26(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/26/3)
[^c22855541]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "long-term business" substituted for definition of "long term business" (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 26(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/26/5)
[^c22855581]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in definition of "long term business fund" substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/b)
[^c22855591]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): word in definition of "long term business fund" substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/a)
[^c22855551]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "long-term liabilities" inserted (1.12.2001 in accordance with arts. 1(2)(a), 26(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 26(6)](https://www.legislation.gov.uk/uksi/2001/3629/article/26/6)
[^c22855561]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in definition of "periodical return" substituted (1.12.2001 in accordance with arts. 1(2)(a), 26(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 26(7)](https://www.legislation.gov.uk/uksi/2001/3629/article/26/7)
[^c22855571]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "the Prudential Sourcebook (Insurers)" inserted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 26(8)](https://www.legislation.gov.uk/uksi/2001/3629/article/26/8)
[^c23572411]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "brought into account" inserted (with effect in accordance with [Sch. 33 para. 20(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/20/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 20(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/20/2)
[^c23572451]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "investment reserve" inserted (with effect in accordance with [Sch. 33 para. 28](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/28) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 25](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/25)
[^c23572471]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "period of account" inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 29](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/29)
[^c23572431]: [S. 431(2ZA)-(2ZE)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZA) inserted (with effect in accordance with [Sch. 33 para. 22(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/22/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 22(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/22/1)
[^c23572551]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [5](https://www.legislation.gov.uk/uksi/2004/2680/regulation/5); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23573041]: [S. 431](https://www.legislation.gov.uk/ukpga/1988/1/section/431) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [6](https://www.legislation.gov.uk/uksi/2005/2014/regulation/6) (as amended by: [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [6](https://www.legislation.gov.uk/uksi/2007/2134/regulation/6); [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(2)(3)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/2/3), [4](https://www.legislation.gov.uk/uksi/2008/1937/regulation/4))
[^c23572961]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "the Integrated Prudential Sourcebook" inserted (with effect in accordance with [Sch. 9 para. 2(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 2(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/2)
[^c23572981]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "liabilities" substituted (with effect in accordance with [Sch. 9 para. 2(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/3)
[^c23573021]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "long-term liabilities" repealed (with effect in accordance with Sch. 9 para. 2(6) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 2(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/4), [Sch. 11 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/10), Note 1
[^c23573001]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "value" substituted (with effect in accordance with [Sch. 9 para. 2(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 2(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/5)
[^c23573061]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "free assets amount" inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(2)(a)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/2/a)
[^c23573101]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "investment reserve" omitted (6.1.2006 with effect in accordance with art. 1 of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(2)(b)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/2/b)
[^c23573081]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "shareholders' excess assets" inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(2)(c)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/2/c)
[^c23573121]: Word at the end of s. 431(2ZB)(b) omitted (6.1.2006 with effect in accordance with art. 1 of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(3)(a)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/3/a)
[^c23573201]: Words in [s. 431(2ZB)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZB/c) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(3)(b)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/3/b)
[^c23573161]: [S. 431(2ZB)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZB/d) and preceding word inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(3)(c)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/3/c)
[^c23573221]: Words in [s. 431(2ZB)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZB) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(3)(d)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/3/d)
[^c23573141]: Word at the end of s. 431(2ZC)(b) omitted (6.1.2006 with effect in accordance with art. 1 of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(4)(a)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/4/a)
[^c23573241]: Words in [s. 431(2ZC)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZC/c) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(4)(b)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/4/b)
[^c23573181]: [S. 431(2ZC)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZC/d) and preceding word inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(4)(c)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/4/c)
[^c23573261]: Words in [s. 431(2ZC)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZC) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(4)(d)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/4/d)
[^c23573281]: Word in [s. 431(ZB)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/ZB/d) substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [art. 2](https://www.legislation.gov.uk/uksi/2006/1358/article/2)
[^c23573311]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "General Prudential Sourcebook" inserted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(2)(a)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/2/a)
[^c23573351]: [2000 c. 8](https://www.legislation.gov.uk/ukpga/2000/8)
[^c23573361]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in definition of "insurance company" inserted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(2)(b)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/2/b)
[^c23573331]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions of "the Insurance Prudential Sourcebook" and "insurance special purpose vehicle" inserted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(2)(c)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/2/c)
[^c23573381]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "the Integrated Prudential Sourcebook" omitted (31.12.2006 with effect in accordance with art. 1(2) of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(2)(d)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/2/d)
[^c23573401]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in para. (a) of definition of "liabilities" substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(2)(e)(i)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/2/e/i)
[^c23573421]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in para. (b) of definition of "liabilities" substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(2)(e)(ii)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/2/e/ii)
[^c23573441]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in definition of "value" substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(2)(f)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/2/f)
[^c23582841]: Word in [s. 431(2ZC)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZC/d) substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(3)(a)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/3/a)
[^c23582861]: Word in [s. 431(2ZC)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZC/d) substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(3)(b)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/3/b)
[^c23593801]: [S. 431(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/1) substituted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 11(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/11/2)
[^c23573581]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "annuity business" repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 6(3)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/6/3/a), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23573461]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "child trust fund business" inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 6(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/6/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23593781]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "fair value" inserted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 10(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/10/1)
[^c23573481]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "foreign currency assets" inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 6(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/6/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23573501]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "gross roll-up business" inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 6(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/6/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23593621]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "the I minus E basis" inserted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 3](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/3) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23573521]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "immediate needs annuities business" inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 6(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/6/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23573541]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "individual savings account business" inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 6(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/6/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23593641]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "insurance business transfer scheme" substituted (with effect in accordance with [Sch. 9 para. 17(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 1(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/1/1)
[^c23593741]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "internal linked fund" inserted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 9(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/9/1)
[^c23573621]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "life assurance business" substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 6(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/6/4) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23593821]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "the life assurance provisions of the Corporation Tax Acts" inserted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 11(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/11/3)
[^c23593761]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "net value" inserted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 9(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/9/1)
[^c23593681]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "non-profit company" inserted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 8(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/8/1)
[^c23593701]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "non-profit fund" inserted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 8(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/8/1)
[^c23573601]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "overseas life assurance fund" repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 6(3)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/6/3/b), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23573561]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "PHI business" inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 6(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/6/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23573641]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "reinsurance" substituted for definition of "reinsurance business" (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 6(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/6/5) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23593721]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "with-profits fund" inserted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 8(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/8/1)
[^c23574401]: [S. 431(2ZF)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZF) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 6(6)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/6/6) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23593661]: [S. 431(2ZG)(2ZH)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZG/2ZH) inserted (with effect in accordance with [Sch. 9 para. 17(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 1(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/1/3)
[^c23593841]: [S. 431(2YA)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2YA) inserted (27.12.2007 with effect in accordance with art. 1(3) of the amending S.I.) by [The Insurance Companies (Taxation of Reinsurance Business) (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/3430)](https://www.legislation.gov.uk/uksi/2007/3430), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/3430/article/1/1), [2(1)](https://www.legislation.gov.uk/uksi/2007/3430/article/2/1)
[^c23594271]: [S. 431A](https://www.legislation.gov.uk/ukpga/1988/1/section/431A) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 3](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/3)
[^c23595711]: [S. 431A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/431A/5) repealed (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 1(2)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/1/2/a), [Sch. 26 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/14)
[^c23595731]: Words in [s. 431A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/431A/1) substituted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 12(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/12/2)
[^c23595771]: Words in [s. 431A(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/431A/3/a) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 7](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/7), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23595751]: [S. 431A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/431A/7) repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 12(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/12/3), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c21600341]: See 1989 ss.82-92 for changes made by Finance Act 1989 and 1990 ss.41-48 for changes made by Finance Act 1990.
[^c23596011]: [S. 431B](https://www.legislation.gov.uk/ukpga/1988/1/section/431B) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 20](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/20) (as amended by [Finance Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 9 para. 18(2)-(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/9/paragraph/18/2)(7)) ( with Sch. 36)
[^c22783381]: [S. 431C](https://www.legislation.gov.uk/ukpga/1988/1/section/431C) modified (with effect in accordance with reg. 1 of the affecting S.I.) by [The Insurance Companies (Taxation of Reinsurance Business) Regulations 1995 (S.I. 1995/1730)](https://www.legislation.gov.uk/uksi/1995/1730), [reg. 11](https://www.legislation.gov.uk/uksi/1995/1730/regulation/11) (as amended by: [S.I. 1996/1621](https://www.legislation.gov.uk/uksi/1996/1621), [regs. 1](https://www.legislation.gov.uk/uksi/1996/1621/regulation/1), [5](https://www.legislation.gov.uk/uksi/1996/1621/regulation/5); [S.I. 2003/2573](https://www.legislation.gov.uk/uksi/2003/2573), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2003/2573/regulation/1/1/2), [10](https://www.legislation.gov.uk/uksi/2003/2573/regulation/10); [S.I. 2007/2087](https://www.legislation.gov.uk/uksi/2007/2087), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2087/regulation/1/1/2), [6](https://www.legislation.gov.uk/uksi/2007/2087/regulation/6))
[^c22804931]: [S. 431C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/431C/1) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [8](https://www.legislation.gov.uk/uksi/1998/1871/regulation/8)
[^c23596121]: [S. 431C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/431C/1) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [6](https://www.legislation.gov.uk/uksi/2004/2680/regulation/6); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c22806141]: [S. 431D(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/431D/2) substituted for s. 431D(2)-(8) (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 108(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/108/2) (with [s. 108(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/108/3))
[^c23596131]: Words in [s. 431D(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/431D/3/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 176](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/176) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23596191]: [S. 431D(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/431D/1/1A) substituted for s. 431D(1) (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 9(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/9/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23596211]: Words in [s. 431D(2)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/431D/2/4) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 9(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/9/3) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23596241]: Words in [s. 431D(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/431D/4) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 9(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/9/4) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c22804971]: [S. 431F](https://www.legislation.gov.uk/ukpga/1988/1/section/431F) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [9](https://www.legislation.gov.uk/uksi/1998/1871/regulation/9)
[^c23599481]: [S. 431F](https://www.legislation.gov.uk/ukpga/1988/1/section/431F) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [7](https://www.legislation.gov.uk/uksi/2004/2680/regulation/7); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23599491]: Words in [s. 431F](https://www.legislation.gov.uk/ukpga/1988/1/section/431F) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 11](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/11) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c22786001]: [S. 432](https://www.legislation.gov.uk/ukpga/1988/1/section/432): word in sidenote substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 51(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/51/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22771521]: Source—1970 s.307
[^c22857411]: Words in [s. 432](https://www.legislation.gov.uk/ukpga/1988/1/section/432) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 12(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/12/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22794391]: [S. 432](https://www.legislation.gov.uk/ukpga/1988/1/section/432) modified (20.3.1997 with effect in accordance with reg. 8(1) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [8(2)](https://www.legislation.gov.uk/uksi/1997/473/regulation/8/2)
[^c23602111]: [S. 432](https://www.legislation.gov.uk/ukpga/1988/1/section/432) modified (12.8.2005 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [8](https://www.legislation.gov.uk/uksi/2005/2014/regulation/8) (and that modifying reg. 8 is omitted by virtue of [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [8](https://www.legislation.gov.uk/uksi/2007/2134/regulation/8))
[^c22789521]: [S. 432(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432/2) repealed (with effect in accordance with s. 167(10), Sch. 41 Pt. 5(26) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/1), [Sch. 41 Pt. 5(26)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/26)
[^c22807851]: Words in [s. 432ZA(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432ZA/4/b) substituted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/1)
[^c22807871]: [S. 432ZA(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/432ZA/6) substituted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/2)
[^c22811311]: Words in [s. 432ZA(2)(a)(b)(3)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/432ZA/2/a/b/3/7) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/b)
[^c23607281]: Words in [s. 432ZA(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432ZA/1) inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 4(2)](https://www.legislation.gov.uk/uksi/2005/3465/article/4/2)
[^c23611131]: Words in [s. 432ZA(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/432ZA/5) substituted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 15(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/15/1)
[^c23611111]: [S. 432ZA(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/432ZA/6): definition of "internal linked fund" repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 9(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/9/2/a), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23611081]: Words in [s. 432ZA(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/432ZA/7) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 12](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/12) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c22771551]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) modified (3.5.1994) by Finance Act 1994, (c. 9), s. 169, Sch. 18 para 1(4)
[^c22771561]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) modified by [S.I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 6-8](https://www.legislation.gov.uk/uksi/1992/1655/regulation/6) (as amended (31.12.1993) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1993 (S.I. 1993/3111)](https://www.legislation.gov.uk/uksi/1993/3111), [regs. 1](https://www.legislation.gov.uk/uksi/1993/3111/regulation/1), [5](https://www.legislation.gov.uk/uksi/1993/3111/regulation/5), [7](https://www.legislation.gov.uk/uksi/1993/3111/regulation/7); and as further amended (10.8.1995) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1995 (S.I. 1995/1916)](https://www.legislation.gov.uk/uksi/1995/1916), [regs. 1](https://www.legislation.gov.uk/uksi/1995/1916/regulation/1), [5](https://www.legislation.gov.uk/uksi/1995/1916/regulation/5))
[^c22857421]: [S. 432A(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 13(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/13/2)
[^c22857431]: Words in [s. 432A(5)(6)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/5/6/b/i) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 13(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/13/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22857451]: [S. 432A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/7) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 13(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/13/4) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22771691]: [S. 432A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/10) repealed (27.7.1993 with effect in relation to accounting periods beginning on or after 1.1.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 91(2)(a)](https://www.legislation.gov.uk/ukpga/1993/34/section/91/2/a), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (8), Note
[^c22789591]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) applied (with effect in accordance with s. 105(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 11 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11/paragraph/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22793961]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) applied (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 12 para 19](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/19)
[^c22794411]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [9](https://www.legislation.gov.uk/uksi/1997/473/regulation/9), [13](https://www.legislation.gov.uk/uksi/1997/473/regulation/13) (as amended by: [S.I. 2000/2710](https://www.legislation.gov.uk/uksi/2000/2710), [regs. 1](https://www.legislation.gov.uk/uksi/2000/2710/regulation/1), [4](https://www.legislation.gov.uk/uksi/2000/2710/regulation/4); [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1](https://www.legislation.gov.uk/uksi/2001/3629/article/1), [157](https://www.legislation.gov.uk/uksi/2001/3629/article/157), [165](https://www.legislation.gov.uk/uksi/2001/3629/article/165); [S.I. 2001/3975](https://www.legislation.gov.uk/uksi/2001/3975), [regs. 1](https://www.legislation.gov.uk/uksi/2001/3975/regulation/1), [4](https://www.legislation.gov.uk/uksi/2001/3975/regulation/4); [S.I. 2003/23](https://www.legislation.gov.uk/uksi/2003/23), [regs. 1](https://www.legislation.gov.uk/uksi/2003/23/regulation/1), [5](https://www.legislation.gov.uk/uksi/2003/23/regulation/5), [6](https://www.legislation.gov.uk/uksi/2003/23/regulation/6); [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [8](https://www.legislation.gov.uk/uksi/2004/822/regulation/8), [9](https://www.legislation.gov.uk/uksi/2004/822/regulation/9); [S.I. 2005/2005](https://www.legislation.gov.uk/uksi/2005/2005), [regs. 1](https://www.legislation.gov.uk/uksi/2005/2005/regulation/1), [6](https://www.legislation.gov.uk/uksi/2005/2005/regulation/6))
[^c22794451]: [S. 432A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/2) modified (with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [10-12](https://www.legislation.gov.uk/uksi/1997/473/regulation/10)
[^c22804991]: [S. 432A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/2) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [10](https://www.legislation.gov.uk/uksi/1998/1871/regulation/10)
[^c22806261]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 11 para. 3A(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11/paragraph/3A/5) (as inserted (with effect in accordance with s. 109(10) of the 2000 amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(8)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/8))
[^c22811141]: Words in [s. 432A(1)(a)(9B)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/1/a/9B) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(c)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/c)
[^c22806231]: [S. 432A(9A)(9B)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/9A/9B) inserted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(6)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/6)
[^c22813061]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) applied (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 138(2)(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/138/2/3)
[^c23603821]: [S. 432A(9B)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/9B) repealed (with effect in accordance with Sch. 43 Pt. 3(12), Note 1 of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12)
[^c23603841]: Words in [s. 432A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/1) substituted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 8(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/8/2)
[^c23603861]: [S. 432A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/1A) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 8(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/8/3)
[^c23603901]: [S. 432A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/2) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [8](https://www.legislation.gov.uk/uksi/2004/2680/regulation/8); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23603881]: Words in [s. 432A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/2) substituted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 8(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/8/4)
[^c23603931]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) modified (12.8.2005 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [9](https://www.legislation.gov.uk/uksi/2005/2014/regulation/9) (as amended by: [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [9](https://www.legislation.gov.uk/uksi/2007/2134/regulation/9); [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/1/2), [6](https://www.legislation.gov.uk/uksi/2008/1937/regulation/6))
[^c23605881]: Words in [s. 432A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/7) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(4)(a)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/4/a)
[^c23605901]: Word at the end of s. 432A(7)(a) omitted (6.1.2006 with effect in accordance with art. 1 of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(4)(b)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/4/b)
[^c23605921]: [S. 432A(7)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/7/c) and preceding word inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(4)(c)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/4/c)
[^c23605951]: [S. 432A(8)-(8B)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/8) substituted for s. 432A(8) (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(5)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/5)
[^c23606011]: Words in [s. 432A(8B)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/8B) substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [5](https://www.legislation.gov.uk/uksi/2006/3270/article/5)
[^c23606131]: Words in [s. 432A(8)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/8/a/i) inserted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [4(5)(a)](https://www.legislation.gov.uk/uksi/2007/1031/article/4/5/a)
[^c23606151]: Words in [s. 432A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/8) inserted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [4(5)(b)](https://www.legislation.gov.uk/uksi/2007/1031/article/4/5/b)
[^c23606171]: [S. 432A(8ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/8ZA) inserted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [4(6)](https://www.legislation.gov.uk/uksi/2007/1031/article/4/6)
[^c23606531]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) excluded by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 83XA(14)](https://www.legislation.gov.uk/ukpga/1989/26/section/83XA/14) (as inserted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 2(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/2/1))
[^c23606191]: Word in [s. 432A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/1A) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23606211]: [S. 432A(2)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/2/a) substituted for s. 432A(2)(a)-(f) (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/3) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23606231]: Word in [s. 432A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/3) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/4) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23606431]: [S. 432A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/4) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/5), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23606251]: [S. 432A(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/4A) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(6)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/6) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23606271]: Word in [s. 432A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/5) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(7)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/7/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23606451]: Words in [s. 432A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/5) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(7)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/7/b), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23606291]: [S. 432A(6)-(6C)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/6) substituted for s. 432A(6)-(6AA) (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(8)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/8) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23606311]: Words in [s. 432A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/7) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(9)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/9/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23606331]: Words in [s. 432A(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/7/a) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(9)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/9/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23606351]: Words in [s. 432A(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/7/b) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(9)(c)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/9/c) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23606471]: Words in [s. 432A(7)(c)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/7/c/i) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(9)(d)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/9/d), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23606411]: Words in [s. 432A(7)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/7/c/ii) substituted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 5](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/5) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23606371]: Words in [s. 432A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/8) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/10) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23606391]: Words in [s. 432A(8ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/8ZA) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(11)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/11) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23606491]: [S. 432A(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/9) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 13(12)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/13/12), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23606511]: [S. 432A(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/9A) repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 9(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/9/2/b), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23606561]: Words in [s. 432A(7)(c)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/7/c/i) omitted (13.8.2007 with effect in accordance with reg. 1(2) of the repealing S.I.) by virtue of [The Insurance Companies (Overseas Life Assurance Business) (Excluded Business) (Amendment) Regulations 2007 (S.I. 2007/2086)](https://www.legislation.gov.uk/uksi/2007/2086), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2086/regulation/1/1), [6(1)](https://www.legislation.gov.uk/uksi/2007/2086/regulation/6/1)
[^c22771711]: [S. 432B](https://www.legislation.gov.uk/ukpga/1988/1/section/432B) modified by [S.I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [reg. 9](https://www.legislation.gov.uk/uksi/1992/1655/regulation/9) (as amended (31.12.1993) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1993 (S.I. 1993/3111)](https://www.legislation.gov.uk/uksi/1993/3111), [regs. 1](https://www.legislation.gov.uk/uksi/1993/3111/regulation/1), [8](https://www.legislation.gov.uk/uksi/1993/3111/regulation/8))
[^c22771721]: [Ss. 432B-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432B) excluded (31.7.1992 with effect as mentioned in reg. 1 of the amending S.I.) by [S. I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 1](https://www.legislation.gov.uk/uksi/1992/1655/regulation/1), [10](https://www.legislation.gov.uk/uksi/1992/1655/regulation/10)
[^c22771731]: [S. 432B](https://www.legislation.gov.uk/ukpga/1988/1/section/432B) modified (31.7.1992 with effect as mentioned in reg. 1 of the amending S.I.) by [S.I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 1](https://www.legislation.gov.uk/uksi/1992/1655/regulation/1), [9(1)](https://www.legislation.gov.uk/uksi/1992/1655/regulation/9/1)
[^c22786291]: Words in [s. 432B(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/1/2) substituted (with effect in accordance with [Sch. 8 para. 53(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/53/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 17(1)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/17/1/a) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22786071]: Words in [s. 432B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 16(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/16/2/a) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22786091]: [S. 432B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/2) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 16(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/16/2/b) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22786361]: Words in [s. 432B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/3) substituted (with effect in accordance with [Sch. 8 para. 53(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/53/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 17(1)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/17/1/b) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23613921]: [S. 432B(4)-(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/4) inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 6(2)](https://www.legislation.gov.uk/uksi/2005/3465/article/6/2)
[^c23613941]: [S. 432B(8)-(8G)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/8) substituted for s. 432B(8) (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(2)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/2)
[^c23614001]: [S. 432B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/9): para. (a) of definition of "shareholders' excess gains" substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(3)(c)(i)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/3/c/i)
[^c23614021]: [S. 432B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/9): words in para. (b) of definition of "shareholders' excess gains" substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(3)(c)(ii)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/3/c/ii)
[^c23614041]: [S. 432B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/9): words in para. (a) of definition of "shareholders' excess income" inserted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(3)(d)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/3/d)
[^c23614061]: [S. 432B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/9): para. (a) of definition of "shareholders' excess losses" substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(3)(e)(i)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/3/e/i)
[^c23614081]: [S. 432B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/9): words in para. (b) of definition of "shareholders' excess losses" substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(3)(e)(ii)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/3/e/ii)
[^c23614101]: Words in [s. 432B(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/a) inserted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(a)(i)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/a/i)
[^c23614121]: [S. 432B(11)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/a/i) substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(a)(ii)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/a/ii)
[^c23614141]: [S. 432B(11)(a)(ia)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/a/ia) inserted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(a)(iii)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/a/iii)
[^c23614161]: Words in [s. 432B(11)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/a/ii) substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(a)(iv)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/a/iv)
[^c23614181]: Words in [s. 432B(11)(a)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/a/iii) substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(a)(v)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/a/v)
[^c23614201]: Words in [s. 432B(11)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/b/i) substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(b)(i)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/b/i)
[^c23614221]: [S. 432B(11)(b)(ia)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/b/ia) inserted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(b)(ii)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/b/ii)
[^c23614241]: Words in [s. 432B(11)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/b/ii) inserted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(b)(iii)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/b/iii)
[^c23614261]: Words in [s. 432B(11)(b)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/b/iii) inserted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(b)(iv)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/b/iv)
[^c23614281]: Words in [s. 432B(11)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/c) substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(c)(i)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/c/i)
[^c23614301]: [S. 432B(11)(c)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/c/i) substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(c)(ii)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/c/ii)
[^c23614321]: Words in [s. 432B(11)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/c/ii) inserted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(c)(iii)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/c/iii)
[^c23614341]: [S. 432B(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/12) inserted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(5)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/5)
[^c23614821]: [S. 432B](https://www.legislation.gov.uk/ukpga/1988/1/section/432B) modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [reg. 9A](https://www.legislation.gov.uk/uksi/2005/2014/regulation/9A) (as inserted (14.8.2007 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2007 (S.I. 2007/2134)](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [10](https://www.legislation.gov.uk/uksi/2007/2134/regulation/10) (and that modifying reg. 10 is omitted (12.8.2008 with effect in accordance with reg. 1(2) of the revoking S.I.) by virtue of [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/1), [7](https://www.legislation.gov.uk/uksi/2008/1937/regulation/7)))
[^c23614421]: Words in [s. 432B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/1) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/2/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23614441]: Words in [s. 432B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/1) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/2/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23614461]: Words in [s. 432B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/2) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/3) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23614481]: Words in [s. 432B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/3) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(4)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/4/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23614501]: Words in [s. 432B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/3) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(4)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/4/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23614521]: Words in [s. 432B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/4) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(5)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/5/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23614541]: Word in [s. 432B(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/4/a) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(5)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/5/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23614651]: [S. 432B(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/4/b) and preceding word repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(5)(c)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/5/c), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23614561]: Words in [s. 432B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/5) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(6)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/6/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23614671]: Words in [s. 432B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/5) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(6)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/6/b), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23614581]: Words in [s. 432B(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/6) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/7) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23614691]: Words in [s. 432B(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/7) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(8)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/8), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23614721]: Words in [s. 432B(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/8A) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(9)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/9), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23614761]: Words in [s. 432B(8C)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/8C) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/10), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23614781]: [S. 432B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/9): definition of "the relevant fraction" repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(11)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/11/a), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23614801]: [S. 432B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/9): definition of "the section 83 net amount" repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(11)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/11/b), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23614601]: Words in [s. 432B(10)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/10/a/b) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(12)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/12/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23614631]: [S. 432B(10)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/10/c) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 16(12)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/16/12/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23615141]: [S. 432C](https://www.legislation.gov.uk/ukpga/1988/1/section/432C) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 17](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/17) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c22771841]: [Ss. 432B-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432B) excluded (31.7.1992 with effect as mentioned in reg. 1 of the amending S.I.) by [S.I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 1](https://www.legislation.gov.uk/uksi/1992/1655/regulation/1),10
[^c22786701]: Words in [s. 432E(3)(a)(b)(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/3/a/b/6/a) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 12(1)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/12/1/a) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22771851]: *For orders see* Part III Vol.5 (*under* “*Life assurance apportionment of participating funds: applicable percentage*”).
[^c22866001]: [S. 432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432E) modified (20.3.1997 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [14](https://www.legislation.gov.uk/uksi/1997/473/regulation/14) (as amended by [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [10](https://www.legislation.gov.uk/uksi/2004/822/regulation/10))
[^c23615431]: [S. 432E(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2/a) repealed (with effect in accordance with Sch. 33 para. 10(5) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 10(3)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/10/3/a), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12), Note 2
[^c23615451]: Words in [s. 432E(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2/b) repealed (with effect in accordance with Sch. 33 para. 10(5) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 10(3)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/10/3/b), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12), Note 2
[^c23615551]: [S. 432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432E) modified (12.8.2005 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [12](https://www.legislation.gov.uk/uksi/2005/2014/regulation/12) (as amended by [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [12](https://www.legislation.gov.uk/uksi/2007/2134/regulation/12))
[^c23615491]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) substituted (with effect in accordance with [Sch. 9 para. 5(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/5/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/5/2/a)
[^c23615511]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) inerted (with effect in accordance with [Sch. 9 para. 5(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/5/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 5(2)(b)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/5/2/b)
[^c23615531]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) substituted (with effect in accordance with [Sch. 9 para. 5(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/5/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 5(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/5/3)
[^c23615561]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) inserted (with effect in accordance with [Sch. 11 para. 2(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/2/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 2(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/2/2)
[^c23615581]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) inserted (with effect in accordance with [Sch. 11 para. 2(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/2/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 2(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/2/3)
[^c23615601]: Words in [s. 432E(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/3/a) inserted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [7(2)](https://www.legislation.gov.uk/uksi/2007/1031/article/7/2)
[^c23615621]: Words in [s. 432E(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/4) substituted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [7(3)](https://www.legislation.gov.uk/uksi/2007/1031/article/7/3)
[^c23615641]: [S. 432E(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/4A) inserted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [7(4)](https://www.legislation.gov.uk/uksi/2007/1031/article/7/4)
[^c23615661]: [S. 432E(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/1/1A) substituted for s. 432E(1) (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 19(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/19/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23615701]: Words in [s. 432E(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 19(3)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/19/3/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23615881]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 2(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/2/3), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23615791]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) inserted (with effect in accordance with [Sch. 9 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 4(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/4/2/a); [S.I. 2008/379](https://www.legislation.gov.uk/uksi/2008/379), [art. 2](https://www.legislation.gov.uk/uksi/2008/379/article/2)
[^c23615911]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) inserted (with effect in accordance with [Sch. 9 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 8(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/8/2); [S.I. 2008/379](https://www.legislation.gov.uk/uksi/2008/379), [art. 2](https://www.legislation.gov.uk/uksi/2008/379/article/2)
[^c23615811]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) inserted (with effect in accordance with [Sch. 9 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/4/2/b); [S.I. 2008/379](https://www.legislation.gov.uk/uksi/2008/379), [art. 2](https://www.legislation.gov.uk/uksi/2008/379/article/2)
[^c23615931]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) inserted (with effect in accordance with [Sch. 9 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 8(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/8/2); [S.I. 2008/379](https://www.legislation.gov.uk/uksi/2008/379), [art. 2](https://www.legislation.gov.uk/uksi/2008/379/article/2)
[^c23615711]: Words in [s. 432E(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/3/a) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 19(4)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/19/4/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23615831]: Words in [s. 432E(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/3/b) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 19(4)(b)(i)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/19/4/b/i), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23615731]: Words in [s. 432E(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/3/b) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 19(4)(b)(ii)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/19/4/b/ii) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23615751]: Words in [s. 432E(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/4) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 19(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/19/5) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23615771]: Words in [s. 432E(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/4A) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 19(6)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/19/6) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23615851]: [S. 432E(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/5/6) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 19(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/19/7), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c22794531]: [S. 432F(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432F/1) modified (20.3.1997 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [15](https://www.legislation.gov.uk/uksi/1997/473/regulation/15); and that modifying reg. 15 is omitted (8.4.2004 with effect in accordance with reg. 1 of the revoking S.I.) by virtue of [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 11](https://www.legislation.gov.uk/uksi/2004/822/regulation/11)
[^c23633031]: [Ss. 432B-432G](https://www.legislation.gov.uk/ukpga/1988/1/section/432B) applied (1.4.2010 with effect in accordance with s. 381(1) of the affecting Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 102(3)](https://www.legislation.gov.uk/ukpga/2010/8/section/102/3) (with [Sch. 9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9))
[^c23631891]: Words in [s. 432F(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432F/2) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 20(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/20/a), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23631911]: Words in [s. 432F(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432F/2) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 20(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/20/b), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c22805921]: [S. 432AA](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA) modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 13A](https://www.legislation.gov.uk/uksi/1997/473/regulation/13A) (as inserted (13.10.1999) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1999 (S.I. 1999/2636)](https://www.legislation.gov.uk/uksi/1999/2636), [regs. 1](https://www.legislation.gov.uk/uksi/1999/2636/regulation/1), [3](https://www.legislation.gov.uk/uksi/1999/2636/regulation/3))
[^c22805011]: [S. 432AA(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA/4) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [11](https://www.legislation.gov.uk/uksi/1998/1871/regulation/11)
[^c23613561]: [S. 432AA](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA) modified (12.8.2005 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [10](https://www.legislation.gov.uk/uksi/2005/2014/regulation/10) (as amended by: [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [11](https://www.legislation.gov.uk/uksi/2007/2134/regulation/11); [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/1/2), [8](https://www.legislation.gov.uk/uksi/2008/1937/regulation/8))
[^c22811251]: Words in [s. 432AA(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA/2/3/5) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(d)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/d)
[^c23613551]: [S. 432AA(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA/4) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [9](https://www.legislation.gov.uk/uksi/2004/2680/regulation/9); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23613591]: [S. 432AA(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA/3) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 14(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/14/2), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23613571]: [S. 432AA(4)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA/4/a) substituted for s. 432AA(4)(a)-(d) (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 14(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/14/3) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23613631]: Words in [s. 432AA(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA/5) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 14(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/14/4), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c22805941]: [S. 432AB](https://www.legislation.gov.uk/ukpga/1988/1/section/432AB) modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 13B](https://www.legislation.gov.uk/uksi/1997/473/regulation/13B) (as inserted (13.10.1999) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1999 (S.I. 1999/2636)](https://www.legislation.gov.uk/uksi/1999/2636), [regs. 1](https://www.legislation.gov.uk/uksi/1999/2636/regulation/1), [3](https://www.legislation.gov.uk/uksi/1999/2636/regulation/3))
[^c23613711]: [S. 432AB](https://www.legislation.gov.uk/ukpga/1988/1/section/432AB) modified (12.8.2005 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [11](https://www.legislation.gov.uk/uksi/2005/2014/regulation/11)
[^c23613691]: [S. 432AB(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/432AB/3) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 17(2)
[^c23613721]: [S. 432AB(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/432AB/6) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 15](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/15), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23631991]: [S. 432G](https://www.legislation.gov.uk/ukpga/1988/1/section/432G) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 21](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/21) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23633041]: [Ss. 432B-432G](https://www.legislation.gov.uk/ukpga/1988/1/section/432B) applied (1.4.2010 with effect in accordance with s. 381(1) of the affecting Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 102(3)](https://www.legislation.gov.uk/ukpga/2010/8/section/102/3) (with [Sch. 9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9))
[^c23611171]: Words in [s. 432YA(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432YA/1) substituted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [3(2)(a)](https://www.legislation.gov.uk/uksi/2007/1031/article/3/2/a)
[^c23611191]: Word in [s. 432YA(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432YA/1) substituted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [3(2)(b)](https://www.legislation.gov.uk/uksi/2007/1031/article/3/2/b)
[^c23611211]: Words in [s. 432YA(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432YA/1) inserted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [3(2)(c)](https://www.legislation.gov.uk/uksi/2007/1031/article/3/2/c)
[^c23611231]: [S. 432YA(2)-(2C)](https://www.legislation.gov.uk/ukpga/1988/1/section/432YA/2) substituted for s. 432YA(2) (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [3(3)](https://www.legislation.gov.uk/uksi/2007/1031/article/3/3)
[^c23611271]: [S. 432YA(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/432YA/3/4) omitted (17.4.2007 with effect in accordance with art. 1(2) of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [3(4)](https://www.legislation.gov.uk/uksi/2007/1031/article/3/4)
[^c23611251]: [S. 432YA(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/432YA/6) added (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [3(5)](https://www.legislation.gov.uk/uksi/2007/1031/article/3/5)
[^c23611311]: Words in [s. 432YA(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432YA/2A) substituted (with effect in accordance with [Sch. 9 para. 17(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 3(3)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/3/3/a)
[^c23611331]: [S. 432YA(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/432YA/5): definitions of "non-profit company" and "non-profit fund" repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 8(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/8/2/a), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23601861]: [S. 431G](https://www.legislation.gov.uk/ukpga/1988/1/section/431G) modified by [The Insurance Companies (Taxation of Reinsurance Business) Regulations 1995 (S.I. 1995/1730)](https://www.legislation.gov.uk/uksi/1995/1730), [reg. 12](https://www.legislation.gov.uk/uksi/1995/1730/regulation/12) (as amended (13.8.2007 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Insurance Companies (Taxation of Reinsurance Business) (Amendment) Regulations 2007 (S.I. 2007/2087)](https://www.legislation.gov.uk/uksi/2007/2087), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2087/regulation/1/1), [8](https://www.legislation.gov.uk/uksi/2007/2087/regulation/8))
[^c23602081]: [S. 431H](https://www.legislation.gov.uk/ukpga/1988/1/section/431H) modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [reg. 7A](https://www.legislation.gov.uk/uksi/2005/2014/regulation/7A) (as inserted (14.8.2007 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2007 (S.I. 2007/2134)](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [7](https://www.legislation.gov.uk/uksi/2007/2134/regulation/7); and as amended by [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/1/2), [5](https://www.legislation.gov.uk/uksi/2008/1937/regulation/5))
[^c22771881]: [S. 434](https://www.legislation.gov.uk/ukpga/1988/1/section/434) amended (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 78(6)(11)](https://www.legislation.gov.uk/ukpga/1993/34/section/78/6/11)
[^c22787961]: [S. 434(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 19(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/19/2) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22788001]: [S. 434(2)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/2/7) repealed (with effect in accordance with Sch. 29 Pt. 8(5) Note 2 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5)
[^c22771941]: [S. 434(3)(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/3/3A) substituted for s. 434(3) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 84(4)-(6)](https://www.legislation.gov.uk/ukpga/1989/26/section/84/4), [Sch. 8 para. 3(1)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/8/paragraph/3/1)
[^c22772001]: [S. 434(3B)-(3D)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/3B) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 5(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/5/4)
[^c22772011]: Source—1970 s.310(6)
[^c22772021]: *Repealed by* 1989 ss.84*and* 187*and* Sch.8 para.3(2)*and* Sch.17 Part IV*with respect to accounting periods beginning on or after* 1*January* 1990.
[^c22772031]: *Repealed by* 1989 ss.84*and* 187*and* Sch.8 para.3(2)*and* Sch.17 Part IV*with respect to accounting periods beginning on or after* 1*January* 1990.
[^c22772061]: 1990 s.45(7).
[^c22772071]: Word at the end of s. 434(6A)(a) repealed (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 5(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/5/5), [Sch. 26 pt. 5(16)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/16)
[^c22772081]: [S. 434(6A)(aa)-(ac)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/6A/aa) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para 5(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/5/5)
[^c22795751]: [S. 434(1)-(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/1) substituted for s. 434(1) (with effect in accordance with [Sch. 3 para. 3(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/3/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 3(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/3/2)
[^c22795841]: [S. 434(3B)-(3D)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/3B) repealed (with effect in accordance with Sch. 6 para. 3(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 6(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/6/2), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22795881]: [S. 434(6A)(aa)-(ac)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/6A/aa) repealed (with effect in accordance with Sch. 6 para. 6(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 6(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/6/3), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22801461]: [S. 434(3)(6)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/3/6/8) repealed (with effect in accordance with Sch. 3 para. 25(5)(6) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 25(2)-(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/25/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23635561]: Words in [s. 434(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/3A) substituted (with effect in accordance with [Sch. 33 para. 12(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/12/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 12(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/12/2)
[^c23635621]: [S. 434(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/1) substituted for s. 434(1)(1B) (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 22(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/22/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23635641]: [S. 434(6A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/6A/b) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 22(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/22/3), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c22788031]: [S. 434A](https://www.legislation.gov.uk/ukpga/1988/1/section/434A) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para 20(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/20/1) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22874051]: [S. 434A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2) substituted (with effect in accordance with Sch. 31 paras. 2(1), 10(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 31 para. 2(1)(a)(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/31/paragraph/2/1/a/2)
[^c22874131]: [S. 434A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 23(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/23/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22874121]: [S. 434A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2) modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 31 para. 2(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/31/paragraph/2/3)
[^c22870371]: [S. 434A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 23(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/23/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22874071]: Words in [s. 434A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2A) substituted (with effect in accordance with Sch. 31 paras. 2(1), 10(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 31 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/31/paragraph/2/1/b)
[^c22871451]: Words in [s. 434A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/3) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 23(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/23/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22796071]: [S. 434A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/1) repealed (with effect in accordance with Sch. 3 para. 4(2) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 4(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/4/1), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22874141]: [S. 434A(2)(a)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2/a/iii) inserted (with effect in accordance with [Sch. 27 para. 12(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/12/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 8(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/8/a)
[^c23635731]: Words in [s. 434A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/3) substituted (with effect in accordance with [Sch. 33 para. 6(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/6/12) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 6(7)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/6/7/b)
[^c23635771]: [S. 434A(2)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2/a/i) repealed (with effect in accordance with s. 38(6) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 38(4)](https://www.legislation.gov.uk/ukpga/2005/22/section/38/4), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23635791]: Words in [s. 434A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2/a) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 23(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/23/2/a), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23635811]: [S. 434A(2)(a)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2/a/iii) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 23(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/23/2/b), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23635831]: Words in [s. 434A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2/b) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 23(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/23/3) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23635851]: Words in [s. 434A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2A) substituted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 15(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/15/2)
[^c22783461]: [S. 437](https://www.legislation.gov.uk/ukpga/1988/1/section/437) modified (10.8.1995) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1992 (S.I. 1992/1655)](https://www.legislation.gov.uk/uksi/1992/1655), [reg. 10A](https://www.legislation.gov.uk/uksi/1992/1655/regulation/10A) (as inserted by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1995 (S.I. 1995/1916)](https://www.legislation.gov.uk/uksi/1995/1916), [regs. 1](https://www.legislation.gov.uk/uksi/1995/1916/regulation/1), [6](https://www.legislation.gov.uk/uksi/1995/1916/regulation/6))
[^c22772351]: [S. 437(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/2) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 paras. 4(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/4/4), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 3
[^c22772361]: [S. 437(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/2) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 paras. 4(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/4/4), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 3
[^c22772371]: [S. 437(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/2) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 paras. 4(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/4/4), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 3
[^c22772381]: [S. 437(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/2) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 paras. 4(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/4/4), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 3
[^c22788141]: [S. 437(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/6) repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22794651]: [S. 437](https://www.legislation.gov.uk/ukpga/1988/1/section/437) modified (with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/1997/473/regulation/21) ( as amended (31.12.1997) with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment No. 2) Regulations 1997 (S.I. 1997/2877)](https://www.legislation.gov.uk/uksi/1997/2877), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/2877/regulation/1/1), [4](https://www.legislation.gov.uk/uksi/1997/2877/regulation/4))
[^c22874681]: [S. 437(1A)-(1F)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1A) substituted for s. 437(1) (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [Sch. 7 paras. 5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/5), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18)
[^c22794021]: [S. 437(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1A) substituted for s. 437(1A)(1B) (with effect in accordance with [s. 67(7)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/7) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 67(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/1)
[^c22794041]: Words in [s. 437(1C)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1C) inserted (with effect in accordance with [s. 67(8)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/8) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 67(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/2)
[^c22794061]: [S. 437(1CA)-(1CD)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1CA) inserted (with effect in accordance with [s. 67(8)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/8) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 67(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/2)
[^c23648521]: Words in [s. 437(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1A) substituted (with effect in accordance with [Sch. 33 para. 6(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/6/12) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 6(9)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/6/9)
[^c23648541]: Words in [s. 437(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1A) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 18
[^c23648621]: [S. 437](https://www.legislation.gov.uk/ukpga/1988/1/section/437) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [14](https://www.legislation.gov.uk/uksi/2005/2014/regulation/14)
[^c23648561]: Words in [s. 437(1C)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1C/b/ii) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 178(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/178/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23648601]: Word at the end of s. 437(1C)(b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 178(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/178/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23648581]: [S. 437(1C)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1C/d) and preceding word inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 178(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/178/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23650411]: Words in [s. 437(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1A) substituted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 6](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/6) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c22772391]: [S. 438](https://www.legislation.gov.uk/ukpga/1988/1/section/438) modified (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 18 para. 1(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/18/paragraph/1/5)
[^c22772401]: [S. 438](https://www.legislation.gov.uk/ukpga/1988/1/section/438) amended (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 78(6)(11)](https://www.legislation.gov.uk/ukpga/1993/34/section/78/6/11)
[^c22772411]: Source—1970 s.314(1); 1970(F) Sch.5 Part III 11(3), (6)(c)
[^c22772441]: [S. 438(3AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/3AA) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 6(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/6/2)
[^c22772501]: 1990 s.45(9).
[^c22772511]: [S. 438(6B)-(6E)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/6B) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 6(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/6/4)
[^c22788391]: [S. 438(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/9) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 28(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/28/2) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22805151]: [S. 438](https://www.legislation.gov.uk/ukpga/1988/1/section/438) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [14](https://www.legislation.gov.uk/uksi/1998/1871/regulation/14) (and as substituted (22.8.2000) by [The Individual Savings Account (Insurance Companies) (Amendment) Regulations 2000 (S.I. 2000/2075)](https://www.legislation.gov.uk/uksi/2000/2075), [regs. 1](https://www.legislation.gov.uk/uksi/2000/2075/regulation/1), [4](https://www.legislation.gov.uk/uksi/2000/2075/regulation/4))
[^c22800601]: [S. 438(3)(3AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/3/3AA) repealed (with effect in accordance with Sch. 3 para. 6(7) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 6(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/6/2), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22800631]: [S. 438(5)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/5) repealed (with effect in accordance with Sch. 3 para. 6(7)-(9) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 6(4)(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/6/4/5), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note (with Sch. 3 para. 13(17))
[^c22800771]: [S. 438(5)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/5) repealed (with effect in accordance with Sch. 3 para. 6(7)(8), Sch. 8 Pt. 2(6) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 6(4)(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/6/4/5), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6)
[^c22800781]: [S. 438(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/9) repealed (with effect in accordance with Sch. 3 para. 6(8) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 6(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/6/6), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c23653041]: [S. 438(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/1) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [12](https://www.legislation.gov.uk/uksi/2004/2680/regulation/12); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23652971]: [S. 438(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/8) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note
[^c23652991]: Words in [s. 438(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/1) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 26(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/26/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23653011]: [S. 438(2)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/2/4) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 26(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/26/3), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c22772631]: [Ss. 440](https://www.legislation.gov.uk/ukpga/1988/1/section/440), [440A](https://www.legislation.gov.uk/ukpga/1988/1/section/440A) substituted for s. 440 (1.1.1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 paras. 8](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/8), [11(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/11/2) (with [Sch. 6 para. 12](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/12))
[^c22789381]: [S. 440](https://www.legislation.gov.uk/ukpga/1988/1/section/440) modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1992 (S.I. 1992/1655)](https://www.legislation.gov.uk/uksi/1992/1655), [reg 10C](https://www.legislation.gov.uk/uksi/1992/1655/regulation/10C) (as inserted (10.8.1995) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1995 (S.I. 1995/1916)](https://www.legislation.gov.uk/uksi/1995/1916), [regs. 1](https://www.legislation.gov.uk/uksi/1995/1916/regulation/1), [6](https://www.legislation.gov.uk/uksi/1995/1916/regulation/6))
[^c22772641]: [S. 440(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/1) excluded (25.7.1991) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [Sch. 7 para. 6(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/6/4)
[^c22772661]: [S. 440(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2) modified (with effect in accordance with reg. 1 of the modifying S.I.) by [The Friendly Societies (Taxation of Transfers of Business) Regulations 1995 (S.I. 1995/171)](https://www.legislation.gov.uk/uksi/1995/171), [regs. 4](https://www.legislation.gov.uk/uksi/1995/171/regulation/4), [5](https://www.legislation.gov.uk/uksi/1995/171/regulation/5) (as amended (19.3.1997) by [The Friendly Societies (Taxation of Transfers of Business) (Amendment) Regulations 1997 (S.I. 1997/472)](https://www.legislation.gov.uk/uksi/1997/472), [regs. 1](https://www.legislation.gov.uk/uksi/1997/472/regulation/1), [3](https://www.legislation.gov.uk/uksi/1997/472/regulation/3))
[^c22772681]: Words in [s. 440(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(22)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/22/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22788831]: Words in [s. 440(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/3) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 5(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/5/2) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22788861]: [S. 440(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/4) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/57/1) of the amending Act) by Finance Act 1995, Sch. 8 para. 5(3), s. 55(2)
[^c22788881]: [S. 440(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/6) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 28(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/28/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22794671]: [S. 440](https://www.legislation.gov.uk/ukpga/1988/1/section/440) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [22](https://www.legislation.gov.uk/uksi/1997/473/regulation/22) (as amended by: [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/b), [158(1)](https://www.legislation.gov.uk/uksi/2001/3629/article/158/1), [165(2)(d)](https://www.legislation.gov.uk/uksi/2001/3629/article/165/2/d); [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [18](https://www.legislation.gov.uk/uksi/2004/822/regulation/18))
[^c22794691]: [S. 440(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [23](https://www.legislation.gov.uk/uksi/1997/473/regulation/23) (as amended by [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/b), [158(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/158/2)); and that modifying reg. 23 is omitted (8.4.2004 with effect in accordance with reg. 1 of the revoking S.I.) by virtue of [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 19](https://www.legislation.gov.uk/uksi/2004/822/regulation/19)
[^c22794871]: [S. 440(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2) modified (with effect in accordance with reg. 4A(3) of the modifying S.I.) by [The Friendly Societies (Taxation of Transfers of Business) Regulations 1995 (S.I. 1995/171)](https://www.legislation.gov.uk/uksi/1995/171), [reg. 4A(1)(2)(a)](https://www.legislation.gov.uk/uksi/1995/171/regulation/4A/1/2/a) (as inserted (19.3.1997) by [The Friendly Societies (Taxation of Transfers of Business) (Amendment) Regulations 1997 (S.I. 1997/472)](https://www.legislation.gov.uk/uksi/1997/472), [regs. 1](https://www.legislation.gov.uk/uksi/1997/472/regulation/1), [4](https://www.legislation.gov.uk/uksi/1997/472/regulation/4))
[^c22790111]: [S. 440(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 25](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/25) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22794711]: [S. 440(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/4) modified (20.3.1997 with effect in accordance with reg. 1(2) of the amending Regulations) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [24](https://www.legislation.gov.uk/uksi/1997/473/regulation/24), [25](https://www.legislation.gov.uk/uksi/1997/473/regulation/25); and that modifying reg. 25 is omitted (8.4.2004 with effect in accordance with regs. 1, 20(2) of the revoking S.I.) by virtue of [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 20(1)](https://www.legislation.gov.uk/uksi/2004/822/regulation/20/1)
[^c22805171]: [S. 440(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/4) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [15](https://www.legislation.gov.uk/uksi/1998/1871/regulation/15)
[^c22812611]: [S. 440(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2/a) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 28(2) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 28(1)](https://www.legislation.gov.uk/uksi/2001/3629/article/28/1)
[^c22811381]: Words in [s. 440(4)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/4/e) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(g)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/g)
[^c22813141]: [S. 440(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2B) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 5](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/5) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23653211]: [S. 440](https://www.legislation.gov.uk/ukpga/1988/1/section/440) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [16](https://www.legislation.gov.uk/uksi/2005/2014/regulation/16) (as amended by [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [16](https://www.legislation.gov.uk/uksi/2007/2134/regulation/16))
[^c23653291]: Words in [s. 440(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/1/2) substituted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 10(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/10/2/a)
[^c23653331]: [S. 440(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2A/2B) repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 16(3)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/16/3/b), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23653231]: Words in [s. 440(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/3) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 31(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/31/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23653251]: [S. 440(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/4/a) substituted for s. 440(4)(a)-(c) (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 31(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/31/3) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23653271]: Word in [s. 440(4)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/4/e) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 31(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/31/3) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23653361]: [S. 440(4)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/4/f) modified by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 83XA(12)](https://www.legislation.gov.uk/ukpga/1989/26/section/83XA/12) (as inserted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 2(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/2/1))
[^c23653311]: [S. 440(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/5) repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 10(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/10/2/b), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c22794751]: [S. 440A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [26](https://www.legislation.gov.uk/uksi/1997/473/regulation/26), [27](https://www.legislation.gov.uk/uksi/1997/473/regulation/27); and that modifying reg. 27 is omitted (8.4.2004 with effect in accordance with reg. 1 of the revoking S.I.) by virtue of [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 21](https://www.legislation.gov.uk/uksi/2004/822/regulation/21)
[^c22788901]: [S. 440A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2/a) substituted for s. 440A(2)(a)(b) (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 6](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/6) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22772811]: *See* 1990 s.41*and* Sch.6 para.12(2)—subs.(d)*omitted for period* 1*January* 1990*to* 19*March* 1990*inclusive.*
[^c22772821]: *See* 1990 s.41*and* Sch.6 para.12(1), (3), (4), (6), (7)*and* (10)—*application and commencement provisions for* “1982 holdings” *and* “new holdings”.
[^c22772851]: *See* 1990 s.41*and* Sch.6 para.12(1), (3), (4), (6), (7)*and* (10)—*application and commencement provisions for* “1982 holdings” *and* “new holdings”.
[^c22772861]: Words in [s. 440A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/5) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(23)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/23/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22772871]: [S. 440A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/6) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(23)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/23/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22788931]: [S. 440A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/7) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 28(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/28/4) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22874781]: [S. 440A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2) modified (31.7.1992 with effect in accordance with reg. 1 of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1992 (S.I. 1992/1655)](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 1](https://www.legislation.gov.uk/uksi/1992/1655/regulation/1), [14](https://www.legislation.gov.uk/uksi/1992/1655/regulation/14), [15](https://www.legislation.gov.uk/uksi/1992/1655/regulation/15) (as amended (31.12.1993 with effect in accordance with reg. 1(2)(3) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1993 (S.I. 1993/3111)](https://www.legislation.gov.uk/uksi/1993/3111), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1993/3111/regulation/1/1), [5](https://www.legislation.gov.uk/uksi/1993/3111/regulation/5))
[^c22874791]: [S. 440A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2) modified (31.7.1992 with effect in accordance with reg. 1 of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1992 (S.I. 1992/1655)](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 1](https://www.legislation.gov.uk/uksi/1992/1655/regulation/1), [16](https://www.legislation.gov.uk/uksi/1992/1655/regulation/16) (as substituted (31.12.1993 with effect in accordance with reg. 1(2)(3) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1993 (S.I. 1993/3111)](https://www.legislation.gov.uk/uksi/1993/3111), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1993/3111/regulation/1/1), [10](https://www.legislation.gov.uk/uksi/1993/3111/regulation/10))
[^c22802301]: Words in [s. 440A(3)(4)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/3/4/6) substituted (with effect in accordance with [s. 123(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/123/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 123(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/123/5/a)
[^c23653411]: [S. 440A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [17](https://www.legislation.gov.uk/uksi/2005/2014/regulation/17) (as amended by [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [17](https://www.legislation.gov.uk/uksi/2007/2134/regulation/17))
[^c22811391]: Words in [s. 440A(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2/d) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(h)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/h)
[^c23653431]: [S. 440A(2)(a)(i)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2/a/i/ii) substituted for s. 440A(2)(a)(i)-(iii) (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 32(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/32/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23653491]: [S. 440A(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2/c) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 32(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/32/b), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23653451]: Words in [s. 440A(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2/d) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 32(c)(i)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/32/c/i) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23653471]: Words in [s. 440A(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2/d) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 32(c)(ii)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/32/c/ii) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23653511]: [S. 440A(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2/e) modified by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 83XA(13)](https://www.legislation.gov.uk/ukpga/1989/26/section/83XA/13) (as inserted (with effect in accordance with [Sch. 10 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 2(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/2/1))
[^c22790131]: [S. 440B(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/440B/1A) inserted (with effect in accordance with [Sch. 27 para. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/27/paragraph/5/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 27 para. 5(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/27/paragraph/5/1)
[^c22799901]: [S. 440B(1A)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440B/1A/2) repealed (with effect in accordance with Sch. 3 para. 8(4)(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 8(2)(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/8/2/3), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22811401]: Words in [s. 440B(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/440B/3/a) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(i)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/i)
[^c23653581]: Words in [s. 440B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/440B/1) inserted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 8(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/8/2) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23653601]: Words in [s. 440B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/440B/3) substituted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 8(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/8/3) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23653541]: Words in [s. 440B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/440B/4) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 33(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/33/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23653561]: Words in [s. 440B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/440B/4) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 33(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/33/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23653621]: [S. 440B(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/440B/4A/4B) inserted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 8(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/8/4) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23653641]: [S. 440B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/440B/5) repealed (with effect in accordance with s. 39(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 8(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/8/5), [Sch. 27 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/8), Note (with Sch. 8 Pt. 2)
[^c22773031]: Source—1977 s.45(1)—(4); 1979(C) Sch.7
[^c22773051]: [S. 442(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/442/3) excluded by [Income and Corporation Taxes Act 1970 (c. 10)](https://www.legislation.gov.uk/ukpga/1970/10), [s. 269C(8)](https://www.legislation.gov.uk/ukpga/1970/10/section/269C/8) (as inserted (*retrospectively*) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s.48](https://www.legislation.gov.uk/ukpga/1992/48/section/48))
[^c22773071]: Words in [s. 442(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/442/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(24)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/24) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22790191]: Words in [s. 442(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/442/3) repealed (with effect in accordance with [s. 164(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/164/5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/24), Note
[^c23653981]: Words in [s. 442(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/442/1) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23653991]: [S. 442(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/442/4) repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 16(3)(c)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/16/3/c), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c22789421]: [S. 442A](https://www.legislation.gov.uk/ukpga/1988/1/section/442A) restricted (28.7.1995 with effect in accordance with reg. 1 of the affecting S.I.) by [The Insurance Companies (Taxation of Reinsurance Business) Regulations 1995 (S.I. 1995/1730)](https://www.legislation.gov.uk/uksi/1995/1730), [regs. 9](https://www.legislation.gov.uk/uksi/1995/1730/regulation/9), [10](https://www.legislation.gov.uk/uksi/1995/1730/regulation/10)
[^c22794811]: [S. 442A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/442A/1) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [29](https://www.legislation.gov.uk/uksi/1997/473/regulation/29)
[^c23654091]: [S. 442A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/442A/1) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [19](https://www.legislation.gov.uk/uksi/2005/2014/regulation/19)
[^c23654031]: Words in [s. 442A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/442A/1) substituted (with effect in accordance with [Sch. 33 para. 23(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/23/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 23(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/23/2)
[^c23654051]: [S. 442A(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/442A/3A) inserted (with effect in accordance with [Sch. 33 para. 23(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/23/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 23(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/23/3)
[^c23654071]: Words in [s. 442A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/442A/4) repealed (with effect in accordance with Sch. 33 para. 23(5) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 23(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/23/4), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12), Note 4
[^c22794831]: [S. 444A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/1) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [30](https://www.legislation.gov.uk/uksi/1997/473/regulation/30) (as amended (1.12.2001) by [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/b), [159](https://www.legislation.gov.uk/uksi/2001/3629/article/159)); and that modifying reg. 30 is omitted (8.4.2004 with effect in accordance with reg. 1 of the revoking S.I.) by virtue of [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 23](https://www.legislation.gov.uk/uksi/2004/822/regulation/23)
[^c22786591]: [S. 444A(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3A) inserted (with effect in accordance with [Sch. 8 para. 53(1)(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/53/1/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 17(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/17/4) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22786611]: Words in [s. 444A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/5) substituted (with effect in accordance with [Sch. 8 para. 53(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/53/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 17(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/17/5) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22811621]: [S. 444A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/1) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 29(2) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 29(1)](https://www.legislation.gov.uk/uksi/2001/3629/article/29/1)
[^c22811421]: Words in [s. 444A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/5) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2000/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(h)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/h)
[^c23654131]: Words in [s. 444A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3) inserted (with effect in accordance with [Sch. 33 para. 24(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/24/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 24(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/24/2)
[^c23654151]: [S. 444A(3ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3ZA) inserted (with effect in accordance with [Sch. 33 para. 24(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/24/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 24(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/24/3)
[^c23654171]: Words in [s. 444A(3ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3ZA) substituted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/1)
[^c23654191]: [S. 444A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/2) substituted (28.9.2004 with effect in accordance with art. 1 of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 19(2)
[^c23654211]: Words in [s. 444A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/4) substituted (28.9.2004 with effect in accordance with art. 1 of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 19(3)
[^c23654321]: Words in [s. 444A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/1) repealed (with effect in accordance with Sch. 9 para. 17(1) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 2(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/2/2), [Sch. 27 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/9), Note
[^c23654251]: Words in [s. 444A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 35(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/35/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23654291]: [S. 444A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3/b) and preceding word repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 35(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/35/b), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23654271]: Words in [s. 444A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 35(c)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/35/c) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23654341]: [S. 444A(7)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/7/8) repealed (with effect in accordance with Sch. 9 para. 17(1) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 2(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/2/3), [Sch. 27 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/9), Note
[^c23662081]: [S. 444AA](https://www.legislation.gov.uk/ukpga/1988/1/section/444AA) substituted (with effect in accordance with [Sch. 9 para. 17(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 3(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/3/1)
[^c23680301]: [S. 444AB(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB/5/a) substituted (with effect in accordance with [Sch. 7 para. 2(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/2/4) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/2/2)
[^c23680961]: [S. 444AB(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB/6) inserted (with effect in accordance with [Sch. 7 para. 2(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/2/4) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 2(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/2/3)
[^c23680981]: Words in [s. 444AB(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB/3) substituted (with effect in accordance with [Sch. 9 para. 20(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 20(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/4)
[^c23683271]: [S. 444AB(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB/6) repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 10(3)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/10/3/a), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23683251]: [S. 444AB(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB/11) repealed (with effect in accordance with Sch. 9 para. 17(1) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 1(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/1/2/b), [Sch. 27 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/9), Note
[^c23694111]: Words in [s. 444AC(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2/3) substituted (1.1.2005 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) Order 2004 (S.I. 2004/3266)](https://www.legislation.gov.uk/uksi/2004/3266), [art. 5(2)(b)](https://www.legislation.gov.uk/uksi/2004/3266/article/5/2/b)
[^c23694141]: Words in [s. 444AC(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2) substituted (1.1.2005 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) Order 2004 (S.I. 2004/3266)](https://www.legislation.gov.uk/uksi/2004/3266), [art. 5(3)](https://www.legislation.gov.uk/uksi/2004/3266/article/5/3)
[^c23694241]: [S. 444AC](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC) heading substituted (with effect in accordance with [Sch. 9 para. 7(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/6) of the amending Act) by virtue of [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 7(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/5)
[^c23694161]: Words in [s. 444AC(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2/b) substituted (with effect in accordance with [Sch. 9 para. 7(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/2/a)
[^c23694181]: Words in [s. 444AC(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2/b) inserted (with effect in accordance with [Sch. 9 para. 7(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/2/b)
[^c23694201]: [S. 444AC(2A)-(2E)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2A) inserted (with effect in accordance with [Sch. 9 para. 7(6)(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/6/7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 7(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/3)
[^c23694221]: [S. 444AC(4)-(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/4) inserted (with effect in accordance with [Sch. 9 para. 7(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 7(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/4)
[^c23694261]: Words in [s. 444AC(2B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2B/a) substituted (with effect in accordance with [Sch. 11 para. 3(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/6) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 3(2)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/2/a)
[^c23694281]: Words in [s. 444AC(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2B) inserted (with effect in accordance with [Sch. 11 para. 3(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/6) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 3(2)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/2/b)
[^c23694301]: Words in [s. 444AC(2C)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2C) substituted (with effect in accordance with [Sch. 11 para. 3(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/6) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 3(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/3)
[^c23694331]: Words in [s. 444AC(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/5/a) inserted (with effect in accordance with [Sch. 11 para. 3(7)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/7) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 3(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/4)
[^c23694351]: [S. 444AC(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/5A) inserted (with effect in accordance with [Sch. 11 para. 3(7)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/7) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 3(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/5)
[^c23694371]: Words in [s. 444AC(2)(2A)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2/2A/5) substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [6(a)](https://www.legislation.gov.uk/uksi/2006/3270/article/6/a)
[^c23694411]: [S. 444AC(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/3) omitted (31.12.2006 with effect in accordance with art. 1(2) of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [6(b)](https://www.legislation.gov.uk/uksi/2006/3270/article/6/b)
[^c23694431]: Words in [s. 444AC(2B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2B/b) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 36(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/36/2/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23694451]: Words in [s. 444AC(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2B) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 36(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/36/2/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23694471]: Words in [s. 444AC(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2B) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 36(2)(c)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/36/2/c) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23694491]: Words in [s. 444AC(2D)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2D) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 36(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/36/3) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23694511]: Words in [s. 444AC(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/10) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 36(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/36/4) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23694551]: [S. 444AC(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/11): opening words and definition of "fair value" repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 10(3)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/10/3/b), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23694531]: [S. 444AC(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/11): definition of "insurance business transfer scheme" repealed (with effect in accordance with Sch. 9 para. 17(1) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 1(2)(c)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/1/2/c), [Sch. 27 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/9), Note
[^c23694791]: [S. 444AD(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AD/4/a) substituted (with effect in accordance with [Sch. 7 para. 4(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/4/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 4(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/4/1)
[^c23694831]: [S. 444AD(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AD/6) inserted (with effect in accordance with [Sch. 11 para. 4(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/4/3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 4(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/4/2)
[^c23694851]: Words in [s. 444AD(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AD/4/b) substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [7](https://www.legislation.gov.uk/uksi/2006/3270/article/7)
[^c23694871]: [S. 444AD(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AD/5) repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 10(3)(c)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/10/3/c), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23690391]: [Ss. 444AB-444ABC](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB) substituted for ss. 444AB, 444ABA (with effect in accordance with [Sch. 9 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 4(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/4/1); [S.I. 2008/379](https://www.legislation.gov.uk/uksi/2008/379), [art. 2](https://www.legislation.gov.uk/uksi/2008/379/article/2)
[^c23642001]: [S. 436A](https://www.legislation.gov.uk/ukpga/1988/1/section/436A) modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [reg. 13A](https://www.legislation.gov.uk/uksi/2005/2014/regulation/13A) (as inserted (14.8.2007 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2007 (S.I. 2007/2134)](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [14](https://www.legislation.gov.uk/uksi/2007/2134/regulation/14))
[^c23642011]: [S. 436A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/436A/3): "83ZA" substituted for "83AB" (with effect in accordance with [Sch. 9 para. 17(2)(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/2/3) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 12](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/12); [S.I. 2008/379](https://www.legislation.gov.uk/uksi/2008/379), [art. 2](https://www.legislation.gov.uk/uksi/2008/379/article/2)
[^c23635411]: [1970 c. 9](https://www.legislation.gov.uk/ukpga/1970/9)
[^c22875571]: [S. 444BA](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA) modified (23.12.1996 with effect in accordance with reg. 1 of the modifying S.I.) by [The Insurance Companies (Reserves) (Tax) Regulations 1996 (S.I. 1996/2991)](https://www.legislation.gov.uk/uksi/1996/2991), [regs. 4-12](https://www.legislation.gov.uk/uksi/1996/2991/regulation/4)
[^c22811681]: Words in [ss. 444BA-444BD](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(1)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/1)
[^c22811641]: Words in [s. 444BA(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA/10) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/3)
[^c22811661]: [S. 444BA(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA/11) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(4)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/4)
[^c23710921]: Words in [s. 444BA(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA/11) substituted (with effect in accordance with [Sch. 9 para. 9(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/9/3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 9(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/9/2)
[^c22811781]: Words in [ss. 444BA-444BD](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(1)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/1)
[^c23711001]: Words in [s. 444BB(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BB/3/b) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c22798721]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c22811831]: Words in [s. 444BC(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BC/1) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/5)
[^c22811791]: Words in [s. 444BC(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BC/1) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/5)
[^c22811851]: [S. 444BD(2)(a)(i)-(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BD/2/a/i) substituted for s. 444BD(2)(a)(i)(ii) (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(7)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/7)
[^c22811871]: Words in [s. 444BD(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BD/7) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(8)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/8/a)
[^c22811891]: [S. 444BD(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BD/7): definition of "EC company" and preceding word repealed (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(8)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/8/b)
[^c23710381]: Words in [s. 444AF(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AF/4/b) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 37(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/37/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23710401]: Words in [s. 444AF(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AF/5/b) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 37(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/37/3) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23710421]: [S. 444AK(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AK/1/b) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/38/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23710441]: Words in [s. 444AK(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AK/3) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 38(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/38/3) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23710461]: Words in [s. 444AK(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AK/5/b) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 38(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/38/4) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c21604431]: Source—1970 s.331
[^c21604441]: Words in [s. 459](https://www.legislation.gov.uk/ukpga/1988/1/section/459) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.4](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/4); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c23711241]: Words in [s. 459](https://www.legislation.gov.uk/ukpga/1988/1/section/459) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 79](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/79), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23712981]: Words in [s. 460(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/3/b) inserted (retrospectively) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 172(5)(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/5/6)
[^c23715871]: Words in [s. 460(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/10A) inserted (retrospectively for specified purposes, and otherwise with effect in accordance with [Sch. 12 para. 6(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/3) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 paras. 1(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/1/2), [6(1)(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/1/3)
[^c23715891]: Words in [s. 460(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/11) substituted (retrospectively) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 paras. 1(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/1/3), [6(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/1)
[^c21604881]: Source—1970 s.332(1). 1974 s.27(1)(a)
[^c21604891]: Words in [s. 460(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/1) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 5(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/5/2); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21604901]: Source—1970 s.333(1)
[^c21604911]: Words in [s. 460(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/a) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 5(3)(a)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/5/3/a); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21604921]: [S. 460(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/aa) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 5(3)(b)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/5/3/b); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21604931]: Source—1970 s.332(2)(aa); 1987 (No.2) Sch.2 2(1)
[^c21604941]: Source—1970 s.332(2)(a); 1984 s.73(2); 1987 s.30(2)
[^c21604951]: [S. 460(2)(ai)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/ai) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(3)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/3)
[^c21604961]: Words in [s. 460(2)(c)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/c/i) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/4)
[^c21604971]: 1990 s.49(1)(a) Previously £100
[^c21604981]: 1990 s.49(1)(b).
[^c21604991]: Words in [s. 460(2)(c)(ia)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/c/ia) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(5)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/5)
[^c21605001]: [S. 460(2)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/ca) and word "and" substituted for word "and" by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(6)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/6)
[^c21605011]: Source—1970 s.332(2)(b)
[^c21605021]: Source—1970 s.332(3); 1987 s.30(3)
[^c21605041]: Words in [s. 460(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/3) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(7)(a)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/7/a)
[^c21605051]: Words in [s. 460(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/3) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(7)(b)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/7/b)
[^c21605061]: [S. 460(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/4A/4B) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(8)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/8)
[^c21605071]: Source—1970 s.332(4); 1975 (No.2) s.52(1); 1980 s.57(1)
[^c21605081]: Words in [s. 460(5)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/5) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 5(4)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/5/4); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21605091]: Source—1970 s.332(5); 1975 (No.2) s.52(1); 1984 s.73(3)
[^c21605111]: Source—1970 s.332(6)—(9); 1975 (No.2) s.52(1)
[^c21605181]: 1990 s. 48 and Sch. 9 para. 6 in relation to transfers of business on or after 1 January 1990
[^c21605201]: Source—1970 s.332(10); 1976 s.48(1)
[^c21605211]: Words in [s. 460(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/11) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 5(5)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/5/5); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c22805211]: [S. 460(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2) modified (6.4.1999) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 31](https://www.legislation.gov.uk/uksi/1997/473/regulation/31) (as inserted by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [25(5)](https://www.legislation.gov.uk/uksi/1998/1871/regulation/25/5))
[^c22765081]: [S. 460(2)(c)(zai)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/c/zai) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 1(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/1/2)
[^c22765101]: Words in [s. 460(2)(c)(ai)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/c/ai) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 1(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/1/3)
[^c22765121]: Words in [s. 460(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/3) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 1(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/1/4)
[^c22765151]: Words in [s. 460(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/4A) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 1(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/1/5)
[^c22765171]: Words in [s. 460(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/4B) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 1(6)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/1/6)
[^c22808971]: [S. 460(2)(cb)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/cb) inserted (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76](https://www.legislation.gov.uk/ukpga/2001/9/section/76), [Sch. 25 para. 8(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/8/1)
[^c23712991]: [S. 460(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [20](https://www.legislation.gov.uk/uksi/2005/2014/regulation/20); and that modifying reg. 20 is omitted (14.8.2007 with effect in accordance with reg. 1(2) of the revoking S.I.) by virtue of [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [18(b)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/18/b)
[^c22812121]: Words in [s. 460(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/10A) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 32(5) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 32(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/32/2)
[^c22812141]: [S. 460(10B)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/10B) inserted (1.12.2001 with effect in accordance with arts. 1(2)(a), 32(5) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 32(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/32/3)
[^c22812191]: Words in [s. 460(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/11) omitted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 32(4)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/32/4/a)
[^c22812201]: Words in [s. 460(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/11) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 32(4)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/32/4/b)
[^c23715851]: Words in [s. 460(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 80](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/80), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23715971]: Words in [s. 460(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 40(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/40/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23715991]: Word at the end of s. 460(2)(ca) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 40(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/40/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23716011]: [S. 460(2)(cb)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/cb) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 40(c)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/40/c), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23715951]: [S. 460(10B)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/10B) repealed (with effect in accordance with Sch. 9 para. 17(1) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 1(2)(d)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/1/2/d), [Sch. 27 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/9), Note
[^c23715911]: [S. 460(12)-(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/12) substituted for s. 460(12) (with effect in accordance with [Sch. 12 para. 6(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/3) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 1(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/1/4)
[^c23715931]: [S. 460(15)(16)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/15/16) inserted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 1(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/1/5)
[^c21605651]: Source—1970 s.332(1); 1974 s.27(1)(a)
[^c21605661]: Source—1974 s.27(2)
[^c21605671]: Source—1974 s.27(1)(b)
[^c21605681]: Source—1970 s.332(11), (12)(b); 1976 s.48(1)
[^c21605701]: Words in [s. 461(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/4/a) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/6); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21605711]: Source—1974 s.27(3)—(7); 1985 s.41(10); 1987 Sch.15 6
[^c22808991]: [S. 461(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/3A) inserted (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76](https://www.legislation.gov.uk/ukpga/2001/9/section/76), [Sch 25 para. 8(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/8/2)
[^c22812241]: Words in [s. 461(2)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/2/a/b) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/2/a)
[^c22812281]: Word in [s. 461(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/2) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/2/b)
[^c22812321]: Words in [s. 461(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/4/a) omitted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(3)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/3/a)
[^c22886541]: Words in [s. 461(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/4/a) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(3)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/3/b)
[^c22812351]: Words in [s. 461(6)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/6/a/b) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2110/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(4)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/4/a)
[^c22812381]: Words in [s. 461(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/6) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(4)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/4/b)
[^c22812401]: [S. 461(7)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/7) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/5)
[^c22812421]: [S. 461(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/11) added (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(6)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/6)
[^c23717541]: Words in [s. 461(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 81(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/81/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23717561]: Words in [s. 461(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/4/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 81(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/81/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23717601]: [S. 461(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/3A) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 41](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/41), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23717621]: [S. 461(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/4A/4B) inserted (with effect in accordance with [Sch. 12 para. 6(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/3) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 4(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/4/2)
[^c23717641]: Words in [s. 461(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/5) inserted (with effect in accordance with [Sch. 12 para. 6(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/3) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 4(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/4/3)
[^c23717661]: [S. 461(12)(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/12/13) inserted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 4(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/4/4)
[^c21605881]: Source—1970 s.336; 1985 Sch.10 Part II
[^c21605891]: Words in [s. 462(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/462/2/a) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9) par. 8(2) [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c23717861]: [S. 462(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/462/1/1A) substituted for s. 462(1) (retrospective to 1.1.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 45(2)(6)](https://www.legislation.gov.uk/ukpga/2007/11/section/45/2/6)
[^c23717881]: Words in [s. 462(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/462/2) substituted (retrospective to 1.1.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 45(3)(6)](https://www.legislation.gov.uk/ukpga/2007/11/section/45/3/6)
[^c23717901]: Words in [s. 462(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/462/3) substituted (retrospective to 1.1.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 45(4)(6)](https://www.legislation.gov.uk/ukpga/2007/11/section/45/4/6)
[^c21605981]: *See* 1990 s.50(1)—s.463*was renumbered as* s.463(1).
[^c21605991]: *For regulations see* Part III Vol.5 (*under* “*Friendly Societies*”).
[^c21606001]: Source—1970 s.335(1)
[^c21606011]: Words in [s. 463(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/463/1) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.10](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/10); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21606021]: 1990 s.50(2).
[^c22790281]: Words in [s. 463(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/463/1) inserted (with effect in accordance with [s. 171(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/171/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 171(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/171/5)
[^c22811431]: Words in [s. 463(1)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/463/1/2/3) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(i)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/i)
[^c21606281]: [S. 464](https://www.legislation.gov.uk/ukpga/1988/1/section/464): power to amend conferred (7.2.1994) by [1993 c. 48](https://www.legislation.gov.uk/ukpga/1993/48), [ss. 162](https://www.legislation.gov.uk/ukpga/1993/48/section/162), [193(2)(3)](https://www.legislation.gov.uk/ukpga/1993/48/section/193/2/3) (with [ss. 6(8)](https://www.legislation.gov.uk/ukpga/1993/48/section/6/8), [164](https://www.legislation.gov.uk/ukpga/1993/48/section/164)); [S. I. 1994/86](https://www.legislation.gov.uk/uksi/1994/86), [art. 2](https://www.legislation.gov.uk/uksi/1994/86/article/2)
[^c21606331]: [S. 464(3)(za)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/3/za) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 3(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/3/2)
[^c21606341]: Words in [s. 464(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/3/a) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 3(3)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/3/3)
[^c21606361]: [S. 464(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/4A/4B) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 3(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/3/4)
[^c21606381]: [1969 c. 19](https://www.legislation.gov.uk/ukpga/1969/19).
[^c21606391]: Words in [s. 464(5)(d)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/5/d/ii) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 11(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/11/3); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21606401]: Words in [s. 464(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/7) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 11(4)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/11/4); [S. I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c22765201]: [S. 464(3)(zza)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/3/zza) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 2(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/2/2)
[^c22765221]: Words in [s. 464(3)(za)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/3/za) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 2(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/2/3)
[^c22765241]: Words in [s. 464(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/4A) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 2(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/2/4)
[^c22765261]: Words in [s. 464(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/4B) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 2(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/2/5)
[^c23718001]: [S. 464(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/5/b) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/21) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23718021]: [S. 464(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/1): first sentence substituted (with effect in accordance with [Sch. 12 para. 6(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 2(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/2/2)
[^c23718041]: Words in [s. 464(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/3) substituted (with effect in accordance with [Sch. 12 para. 6(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 2(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/2/3)
[^c21606351]: 1990 s.49(3), (4) Previously "Kingdom) contracts under which the total premiums payable in any period of 12 months exceed £100 unless all those contracts were entered into before 1st September 1987" and "limit" respectively
[^c23718061]: Words in [s. 464(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/4A) substituted (with effect in accordance with [Sch. 12 para. 6(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 2(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/2/4)
[^c23718081]: Words in [s. 464(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/6) substituted (with effect in accordance with [Sch. 12 para. 6(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 2(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/2/5)
[^c23718101]: Words in [s. 464(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/7) substituted (with effect in accordance with [Sch. 12 para. 6(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 2(6)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/2/6/a)
[^c23718121]: Words in [s. 464(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/7) substituted (with effect in accordance with [Sch. 12 para. 6(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 2(6)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/2/6/b)
[^c23718151]: Words in [s. 464(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/7) substituted (with effect in accordance with [Sch. 12 para. 6(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 2(6)(c)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/2/6/c)
[^c21606451]: Source—1985 Sch.10 Part III
[^c21606461]: Words in [s. 465(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/465/3) repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 7
[^c21606471]: [S. 465(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/465/6) added (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.12](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/12) ; [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c23718191]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2): word in definition of "tax exempt life or endowment business" substituted (retrospectively) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 paras. 3](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/3), [6(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/1)
[^c21606641]: Definitions in s. 466(2) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 14(4)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/14/4); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21606651]: Definition in s. 466(2) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 14(5)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/14/5); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21606661]: Definitions in s. 466(2) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 14(6)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/14/6); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21606671]: Definition of “registrar” in s. 466(2) repealed (1.1.1994) by [Friendly Societies Act 1992 (c. 40)](https://www.legislation.gov.uk/ukpga/1992/40), [s. 120(2)](https://www.legislation.gov.uk/ukpga/1992/40/section/120/2), [Sch. 22 Pt. I](https://www.legislation.gov.uk/ukpga/1992/40/schedule/22/part/I); [S.I. 1993/2213](https://www.legislation.gov.uk/uksi/1993/2213), [Sch.6](https://www.legislation.gov.uk/uksi/1993/2213/schedule/6) APPENDIX
[^c21606681]: Words in [s. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 14(7)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/14/7); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21606691]: Source—1970 s.337(4); 1985 s.41(7)(e)
[^c21606701]: Words in [s. 466(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/3) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 14](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/14)(8; [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2))
[^c21606711]: [S. 466(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/5) added (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 14(9)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/14/9); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c22790301]: [S. 466(1)-(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/1) substituted for s. 466(1) (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 171(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/171/1)
[^c22805251]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [17](https://www.legislation.gov.uk/uksi/1998/1871/regulation/17)
[^c22790321]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2): definition of "insurance company" inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 171(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/171/2/a)
[^c22790341]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2): definition of "long term business" inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 171(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/171/2/b)
[^c23718211]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [15](https://www.legislation.gov.uk/uksi/2004/2680/regulation/15); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c22811461]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2): word in definition of "long term business" substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2000/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(j)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/j)
[^c23718241]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2): definition of "pension business" repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 22(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/22/2), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23718221]: [S. 466(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2A/2B) inserted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 22(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/22/3) (as amended by [Finance Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 9 para. 18(5)-(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/9/paragraph/18/5)) (with Sch. 36)
[^c23718261]: [S. 466(2ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2ZA) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 83](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/83) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23718281]: [S. 466(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/1) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 43(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/43/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23718301]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2): definition of "gross roll-up business" inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 43(3)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/43/3/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23718321]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2): definition of "life assurance business" repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 43(3)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/43/3/a), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23718341]: [S. 466(2ZA)(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2ZA/2A/2B) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 43(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/43/4), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c21605931]: [S. 462A(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/462A/9) added (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.9](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/9); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c23717941]: Word in [s. 462A(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/462A/8/b) substituted (retrospective to 1.1.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 45(5)(6)](https://www.legislation.gov.uk/ukpga/2007/11/section/45/5/6)
[^c22812441]: Word in [s. 461A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/461A/2) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 34(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/34/2)
[^c22812461]: [S. 461A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/461A/4) added (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 34(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/34/3)
[^c22809011]: [S. 461B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/461B/2A) inserted (6.4.2001) by Finance Act 2001 (s. 9), s. 76, Sch. 25 para. 8(3)
[^c22812481]: Word in [s. 461B(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/461B/4/b) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 35](https://www.legislation.gov.uk/uksi/2001/3629/article/35)
[^c23717701]: Words in [s. 461B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/461B/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 82(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/82/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23717721]: Words in [s. 461B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/461B/5) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 82(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/82/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23717741]: [S. 461B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/461B/2A) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 42](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/42), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23717761]: [S. 461B(6)-(6B)](https://www.legislation.gov.uk/ukpga/1988/1/section/461B/6) substituted for s. 461B(6) (with effect in accordance with [Sch. 12 para. 6(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/3) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 5(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/5/2)
[^c23717781]: Words in [s. 461B(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/461B/7) inserted (with effect in accordance with [Sch. 12 para. 6(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/3) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 5(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/5/3)
[^c23717801]: [S. 461B(8)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/461B/8/9) inserted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 para. 5(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/5/4)
[^c22811521]: Words in [s. 461C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/1) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 36(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/2/a)
[^c22811541]: Word in [s. 461C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/1) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 36(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/2/b)
[^c22811561]: Words in [s. 461C(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/2) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 36(3)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/3/a)
[^c22811581]: Word in [s. 461C(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/2/a) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 36(3)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/3/b)
[^c22811471]: Words in [s. 461C(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/3) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 36(4)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/4/a)
[^c22811501]: Words in [s. 461C(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/3) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 36(4)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/4/b)
[^c22811601]: [S. 461C(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/4/5) substituted for s. 461C(4)-(7) (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 36(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/5)
[^c21607151]: Source—1970 s.338(1)—(3); 1982 s.36(1); 1974 s.28(1)(b); 1987 s.31
[^c21607161]: Words in [s. 467(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/1) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 74(2)(a)](https://www.legislation.gov.uk/ukpga/1991/31/section/74/2/a),(6)
[^c21607171]: Words in [s. 467(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/1) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 74(2)(b)](https://www.legislation.gov.uk/ukpga/1991/31/section/74/2/b),(6)
[^c21607181]: *See* 1970 s.338*for amounts applicable in earlier years.*
[^c21607191]: 1988(F) s.35*and* Sch.3 para.17*for chargeable period beginning on or after* 6*April* 1990.*Previously* “wife”.
[^c21607211]: Words in [s. 467(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/3) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 74(3)(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/74/3/6)
[^c21607221]: [S. 467(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/3A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 74(4)](https://www.legislation.gov.uk/ukpga/1991/31/section/74/4)
[^c21607231]: *See* [Employment Protection Act 1975 (c.71)](https://www.legislation.gov.uk/ukpga/1975/71) ss.7, 125(1)*and* Sch.16 Part III para.1—*list now maintained by the Certification Officer.*
[^c21607241]: Source—1974 s.28(1)(a)
[^c21607251]: Words in [s. 467(4)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/4/a/b) substituted (*retrospectively*) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 74(5)(a)](https://www.legislation.gov.uk/ukpga/1991/31/section/74/5/a),(7)
[^c21607261]: Words in [s. 467(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/4/a) substituted (16.10.1992) by [Trade Union and Labour Relations (Consolidation) Act 1992 (c. 52)](https://www.legislation.gov.uk/ukpga/1992/52), [ss. 300(2)](https://www.legislation.gov.uk/ukpga/1992/52/section/300/2), [302](https://www.legislation.gov.uk/ukpga/1992/52/section/302), [Sch. 2 para. 37(a)](https://www.legislation.gov.uk/ukpga/1992/52/schedule/2/paragraph/37/a)
[^c21607291]: Words in [s. 467(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/4/b) substituted (16.10.1992) by [Trade Union and Labour Relations (Consolidation) Act 1992 (c. 52)](https://www.legislation.gov.uk/ukpga/1992/52), [ss. 300(2)](https://www.legislation.gov.uk/ukpga/1992/52/section/300/2), [302](https://www.legislation.gov.uk/ukpga/1992/52/section/302), [Sch. 2 para. 37(b)](https://www.legislation.gov.uk/ukpga/1992/52/schedule/2/paragraph/37/b)
[^c21607301]: [S. 467(4)(ba)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/4/ba/bb) substituted (1.7.1992) for s. 467(4)(ba) by [S.I. 1992/808](https://www.legislation.gov.uk/uksi/1992/808), [art. 2](https://www.legislation.gov.uk/uksi/1992/808/article/2); [S.R. 1992/212](https://www.legislation.gov.uk/nisr/1992/212), [art. 2(2)(a)](https://www.legislation.gov.uk/nisr/1992/212/article/2/2/a)
[^c21607311]: Source—1977 s.47
[^c23718681]: Words in [s. 467(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/2) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [74](https://www.legislation.gov.uk/uksi/2005/3229/regulation/74)
[^c23718701]: Words in [s. 467(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/3) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 23](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/23) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23718721]: Words in [s. 467(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/1) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 84(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/84/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23718741]: Words in [s. 467(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/1/a) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 84(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/84/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23718761]: Words in [s. 467(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/1/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 84(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/84/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21607361]: Source—1970 ss.354, 358; 1980 s.60; 1987 s.38, 40(1); 1987 (No.2) s.40(1)
[^c21607371]: Words in [s. 468(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/3) substituted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 32(3)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/32/3/4)
[^c21607391]: *Definition employed for the purposes of* s.46(7)—*insurance companies: annual deemed disposal of holdings of unit trusts etc.*
[^c22753271]: Words in [s. 468(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/1) inserted (with effect in accordance with [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 3(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/3/2)
[^c22753241]: [S. 468(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/2) repealed (with effect in accordance with Sch. 14 para. 7 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 3(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/3/3), [Sch. 25 Pt. 5(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/25/part/5/13), Note
[^c22753291]: Words in [s. 468(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/3) substituted (with effect in accordance with [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 3(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/3/4)
[^c22753311]: Words in [s. 468(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/6) inserted (with effect in accordance with [s. 113(4)-(11)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 113(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/1)
[^c22753251]: [S. 468(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/6): definition of "distribution period" repealed (with effect in accordance with Sch. 14 para. 7 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 3(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/3/5), [Sch. 26 Pt. 5(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/13), Note
[^c22753331]: [S. 468(7)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/7) added (with effect in accordance with [s. 113(4)-(11)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 113(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/2)
[^c22795581]: [S. 468](https://www.legislation.gov.uk/ukpga/1988/1/section/468) modified (28.4.1997) by The Open-ended Investment Companies (Tax) Regulations 1997 (S.I 1997/1154), regs. 1, 9, 10 (as amended (1.12.2001) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 166](https://www.legislation.gov.uk/uksi/2001/3629/article/166))
[^c22790421]: [S. 468(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/1A) inserted (with effect in accordance with Sch. 6 paras. 10(2), 28 of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 10(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/10/1)
[^c22812931]: Words in [s. 468(6)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/6/8) substituted (1.12.2001) by [Financial Services and Markets Act 2000 (c. 8)](https://www.legislation.gov.uk/ukpga/2000/8), [s. 431(2)](https://www.legislation.gov.uk/ukpga/2000/8/section/431/2), [Sch. 20 para. 4(3)](https://www.legislation.gov.uk/ukpga/2000/8/schedule/20/paragraph/4/3); [S.I. 2001/3538](https://www.legislation.gov.uk/uksi/2001/3538), [art. 2(1)](https://www.legislation.gov.uk/uksi/2001/3538/article/2/1)
[^c23718901]: [S. 468(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/5) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 52](https://www.legislation.gov.uk/ukpga/1990/29/section/52), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 7
[^c23718921]: [S. 468(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/4) repealed (28.9.2004 with effect in accordance with art. 1(2) of the repealing S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 20
[^c23718941]: Words in [s. 468(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/1) substituted (1.4.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/964/regulation/1/1), [88(2)](https://www.legislation.gov.uk/uksi/2006/964/regulation/88/2)
[^c23718961]: Words in [s. 468(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/1A) substituted (with effect in accordance with [s. 26(8)-(11)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/8) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 26(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/4)
[^c23718981]: Words in [s. 468(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/1A) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 85(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/85/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23719001]: [S. 468(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/6): definition of "unit trust scheme" and preceding word repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 85(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/85/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23719081]: Words in [s. 468A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/468A/1) substituted (with effect in accordance with [s. 26(8)-(11)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/8) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 26(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/5)
[^c23719101]: Words in [s. 468A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/468A/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 86](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/86) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21607811]: Source—1977 s.46; 1979(C) Sch.7
[^c21607821]: Words in 473(2)(5) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(27)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/27/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21607861]: Words in [s. 473(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/6) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(27)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/27/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21607891]: Words in [s. 473(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/7) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(27)(c)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/27/c) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22791881]: [S. 473(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/5) repealed (with effect in accordance with s. 164(5) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/24), Note
[^c22801601]: Words in [s. 473(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/2) repealed (with effect in accordance with s. 101(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(23)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/23), Note 1
[^c22813241]: Words in [s. 473(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/2) repealed (with effect in accordance with s. 67(4)(a) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 67(1)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/1/a), [Sch. 40 Pt. 3(8)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/8), Note
[^c22813261]: Words in [s. 473(2)(a)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/2/a/7) substituted (with effect in accordance with [s. 67(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/4/a) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 67(1)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/1/b)
[^c22813291]: Word in [s. 473(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/2/b) substituted (with effect in accordance with [s. 67(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/4/a) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 67(1)(c)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/1/c)
[^c22813311]: [S. 473(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/2A/2B) inserted (with effect in accordance with [s. 67(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/4/a) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 67(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/2)
[^c22813331]: Words in [s. 473(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/6) substituted (with effect in accordance with [Sch. 9 para. 8(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/8/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/4)
[^c23722001]: Words in [s. 473(1)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/1/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 183](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/183) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22765351]: Words in [s. 475(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/2/a) repealed (with effect in accordance with Sch. 8 para. 55 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 25(1)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/25/1/b), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 1
[^c22792021]: [S. 475(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/1) substituted (with effect in accordance with [s. 154(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 28 para. 3(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/3/1)
[^c22792071]: [S. 475(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/2/b) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 27(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/27/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792041]: Words in [s. 475(3)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/3/8) substituted (with effect in accordance with [s. 154(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 28 para. 3(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/3/2)
[^c22792091]: Words in [s. 475(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/4) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 27(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/27/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22791951]: Words in [s. 475(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/5) repealed (with effect in accordance with s. 154(9) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/18), Note
[^c22791971]: [S. 475(6)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/6/7) repealed (with effect in accordance with s. 154(9) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/18), Note
[^c22792001]: Words in [s. 475(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/8) repealed (with effect in accordance with s. 154(9) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/18), Note
[^c23721961]: Word in [s. 472A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/472A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 182(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/182/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23721981]: Word in [s. 472A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/472A/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 182(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/182/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22791661]: [S. 469](https://www.legislation.gov.uk/ukpga/1988/1/section/469) extended (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 22(1)(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/22/1/2)
[^c22794141]: Source—1970 s.354A; 1987 s.39; 1987 (No.2) s.40(1)
[^c22794151]: Words in [s. 469(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/1/a) substituted (with effect in accordance with [s. 113(4)-(11)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 113(3)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/3/a)
[^c22794161]: [S. 469(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/1/b) and preceding word repealed (with effect in accordance with Sch. 41 Pt. 5(1) Note 2 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/1)
[^c22794201]: [S. 469(5A)-(5D)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/5A) inserted by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 71](https://www.legislation.gov.uk/ukpga/1988/39/section/71)
[^c22794211]: Words in [s. 469(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/6) substituted (with effect in accordance with [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/5)
[^c22794221]: [S. 469(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/6A) inserted (with effect in accordance with s. [s. 113(4)-(11)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 113(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/3/b)
[^c22801241]: [S. 469(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/2A/2B) inserted (with effect in accordance with [Sch. 4 para. 12(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/12/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 12(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/12/3)
[^c23721421]: [S. 469(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/2B) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 181(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/181/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23721501]: Words in [s. 469(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 87(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/87/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23721571]: Words in [s. 469(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 87(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/87/2/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23721591]: [S. 469(2A)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/2A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 87(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/87/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23721521]: [S. 469(4A)-(4D)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/4A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 87(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/87/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23721541]: Words in [s. 469(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 87(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/87/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23721641]: [S. 469(5A)-(5D)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/5A)(7)-(10) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 87(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/87/6), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22803991]: [1982 c.53](https://www.legislation.gov.uk/ukpga/1982/53).
[^c23721321]: Words in [s. 469A(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/469A/1/c) substituted (with effect in accordance with [s. 183(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/183/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 183(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/183/2)
[^c23721341]: [S. 469A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/469A/1A) inserted (with effect in accordance with [s. 183(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/183/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 183(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/183/3)
[^c23721361]: Words in [s. 469A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/469A/2) repealed (with effect in accordance with Sch. 43 Pt. 3(17) Note of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 43 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/17)
[^c23721381]: [S. 469A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/469A/3) repealed (with effect in accordance with Sch. 43 Pt. 3(17) Note of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 43 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/17)
[^c21608301]: [S. 477A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/1A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [Sch. 11 para. 2(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/2/2)
[^c21608341]: [S. 477A(3A)-(3C)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/3A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(2)(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/2/3)
[^c21608361]: [S. 477A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/10) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [Sch. 11 para. 2(3)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/2/3)
[^c21608371]: [S. 477A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/10): definition of "qualifying deposit right" inserted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 34](https://www.legislation.gov.uk/ukpga/1992/48/section/34), [Sch. 8 paras. 3(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/3/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/6)
[^c22792121]: [S. 477A(3)(a)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/3/a/aa) substituted for s. 477A(3)(a) (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 28(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/28/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21608331]: *See* 1990 Sch.5 para.16(1), (4), (5)—*for the year* 1991-92,*the words from* “actual” *to the end of the paragraph are replaced by* “appropriate amount”;*and the following subs. is inserted after* subs.(3):— “(3A) In subsection (3)(a) above the reference to the appropriate amount is to the actual amount paid or credited in the accounting period of any such dividends or interest together with—(a) in the case of dividends or interest paid or credited in the year 1990-91, any amount accounted for and paid by the society in respect thereof as representing income tax, and (b) in the case of dividends or interest paid or credited in the year 1991-92, any amount of income tax accounted for and paid by the society in respect thereof.”
[^c22792141]: [S. 477(3A)-(3C)](https://www.legislation.gov.uk/ukpga/1988/1/section/477/3A) repealed with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 28(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/28/2), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c22804151]: [S. 477(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/477/8) repealed (with effect in accordance with s. 38(3)(4) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7), Note 4
[^c22807981]: [S. 477A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/2A) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/4)
[^c22813351]: Words in [s. 477A(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/3/a) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 47(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/47/2)
[^c22813371]: Words in [s. 477A(3)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/3/aa) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 47(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/47/3)
[^c23722331]: [S. 477A](https://www.legislation.gov.uk/ukpga/1988/1/section/477A) applied (with effect in accordance with s. 56 of the affecting Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/7/schedule/2) para,. 5
[^c23722221]: Words in [s. 477A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 184(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/184/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23722241]: Words in [s. 477A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 184(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/184/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23722281]: [S. 477A(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/5/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 184(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/184/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23722261]: [S. 477A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/10): definition of "certified SAYE savings arrangement" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 184(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/184/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23722381]: [S. 477A(1)-(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 88(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/88/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23722431]: Words in [s. 477A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/3) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 88(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/88/3/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23722451]: Words in [s. 477A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/3/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 88(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/88/3/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23722471]: [S. 477A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/7) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 88(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/88/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23722341]: [S. 477A(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/9) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 88(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/88/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23722491]: [S. 477A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/10): definitions of "qualifying certificate of deposit", "qualifying deposit right" and "security" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 88(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/88/6), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21609341]: Source—1970 s.340, 345; CUA 1979 s.25(2)
[^c21609351]: *See* 1988(F) Sch.8 para.1—*re-basing to* 1982.
[^c22789441]: [S. 486(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/8) excluded (with effect in accordance with s. 131(4) of the affecting Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 131(1)(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/131/1/2/b)
[^c21609361]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c21609371]: [1969 c. 24 (N.I.)](https://www.legislation.gov.uk/apni/1969/24).
[^c22792221]: Words in [s. 486(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/1) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 30(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/30/a) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792241]: Words in [s. 486(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/7) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 30(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/30/b) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792261]: [S. 486(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/8) excluded by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 117A(7)(8)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/117A/7/8/b), [117B(5)(6)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/117B/5/6/b) (as inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 62](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/62) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15)))
[^c22802471]: Words in [s. 486(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/10) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22813041]: Words in [s. 486(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/12) substituted (27.3.2002) by [The Ministry of Agriculture, Fisheries and Food (Dissolution) Order 2002 (S.I. 2002/794)](https://www.legislation.gov.uk/uksi/2002/794), [art. 1(2)](https://www.legislation.gov.uk/uksi/2002/794/article/1/2), [Sch. 1 para. 31](https://www.legislation.gov.uk/uksi/2002/794/schedule/1/paragraph/31)
[^c23723951]: Words in [s. 486(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 188(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/188/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723971]: Words in [s. 486(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 188(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/188/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723991]: Words in [s. 486(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 188(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/188/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724011]: [S. 486(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 188(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/188/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724051]: [S. 486(2)(3)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/2/3/6) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 90(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/90/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23724031]: Words in [s. 486(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/7) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 90(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/90/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23724091]: [S. 486(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/12): definition of "registered industrial and provident society" substituted (29.11.2007) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 16](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/16)
[^c23724101]: OJ L 207, 18.8.2003. p1.
[^c21609381]: Source—1970 s.340A; CUA 1979 s.25(1)
[^c21609391]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c21609401]: [S.I. 1985/1205](https://www.legislation.gov.uk/uksi/1985/1205) (N.I. 12.).
[^c22792281]: [S. 487(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/1/b) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 31(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/31/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792301]: Words in [s. 487(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/3) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 31(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/31/2/a) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792321]: Word in [s. 487(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/3) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 31(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/31/2/b) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792341]: [S. 487(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/3A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 31(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/31/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22808631]: Words in [s. 487(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/4) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 40](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/40)
[^c23724211]: Words in [s. 487(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/3) repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23724231]: Words in [s. 487(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/4) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 22
[^c23724251]: Words in [s. 487(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 91](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/91) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21609491]: Source—1970 s.341; 1972 Sch.11 6
[^c21609511]: *See reference to approved housing associations in* 1988(F) s.43(3)*and* 44.
[^c21609521]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c21609531]: [1969 c.24 (N.I.)](https://www.legislation.gov.uk/apni/1969/24).
[^c21609541]: [1985 c. 68](https://www.legislation.gov.uk/ukpga/1985/68).
[^c21609551]: Words in [s. 488(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/6) substituted (15.9.1992) by [S.I. 1992/1725 (N.I. 15)](https://www.legislation.gov.uk/nisi/1992/1725), [arts. 1(2)](https://www.legislation.gov.uk/nisi/1992/1725/article/1/2), [107](https://www.legislation.gov.uk/nisi/1992/1725/article/107), [Sch. 8 para. 5](https://www.legislation.gov.uk/nisi/1992/1725/schedule/8/paragraph/5)
[^c21609561]: [S.I. 1979/1573](https://www.legislation.gov.uk/uksi/1979/1573) (N.I.12.).
[^c22792821]: [S. 488(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/9) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 28(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/28/2)
[^c22792831]: Words in [s. 488(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/10) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 28(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/28/3)
[^c22792851]: [S. 488(11)(11A)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/11/11A) substituted for s. 488(11) (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 28(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/28/4)
[^c22793891]: [S. 488(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/7A) inserted (1.10.1996) by [Housing Act 1996 (c. 52)](https://www.legislation.gov.uk/ukpga/1996/52), [s. 232(3)](https://www.legislation.gov.uk/ukpga/1996/52/section/232/3), [Sch. 3 para. 8(2)](https://www.legislation.gov.uk/ukpga/1996/52/schedule/3/paragraph/8/2); [S.I. 1996/2402](https://www.legislation.gov.uk/uksi/1996/2402), [art. 3](https://www.legislation.gov.uk/uksi/1996/2402/article/3) (with [Sch.](https://www.legislation.gov.uk/uksi/1996/2402/schedule))
[^c22805841]: [S. 488](https://www.legislation.gov.uk/ukpga/1988/1/section/488): functions transferred (1.7.1999 with effect in accordance with art. 1(2) of the affecting S.I.) by [The National Assembly for Wales (Transfer of Functions) Order 1999 (S.I. 1999/672)](https://www.legislation.gov.uk/uksi/1999/672), [art. 2](https://www.legislation.gov.uk/uksi/1999/672/article/2), [Sch. 1](https://www.legislation.gov.uk/uksi/1999/672/schedule/1)
[^c22801651]: [S. 488(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/3) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c22802521]: Words in [s. 488(11A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/11A/a) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/uksi/1998/3173/section/117/4/5) of the amending Act) by Finance Act 1998 (c, 36), Sch. 19 para. 48(2)(a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22802541]: Words in [s. 488(11A)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/11A) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 48(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/48/2/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22803931]: [S. 488(7A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/7A/b) and preceding word repealed (1.11.1998) by [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [ss. 140](https://www.legislation.gov.uk/ukpga/1998/38/section/140), [158](https://www.legislation.gov.uk/ukpga/1998/38/section/158), [Sch. 16 para. 56](https://www.legislation.gov.uk/ukpga/1998/38/schedule/16/paragraph/56), [Sch. 18 Pt. 6](https://www.legislation.gov.uk/ukpga/1998/38/schedule/18/part/6); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), [art. 5](https://www.legislation.gov.uk/uksi/1998/2244/article/5)
[^c22804761]: Words in [s. 488(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/1/b) substituted (with effect in accordance with [Sch. 4 para. 18(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 15(2)(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/15/2/a)
[^c22804171]: [S. 488(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/1/c) repealed (with effect in accordance with Sch. 4 para. 18(2) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 15(2)(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/15/2/b), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7), Note 2
[^c22804201]: [S. 488(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/2/b) and preceding word repealed (with effect in accordance with Sch. 4 para. 18(2) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 15(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/15/3), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7), Note 2
[^c22804221]: Words in [s. 488(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/4) repealed (with effect in accordance with Sch. 4 para. 18(2) of the repealing Act) by Finance Act 1999 (c, 16), Sch. 4 para. 15(4), Sch. 20 Pt. 3(7), Note 2
[^c22804781]: Words in [s. 488(11A)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/11A) substituted (with effect in accordance with [Sch. 4 para. 18(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 15(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/15/5)
[^c22804241]: [S. 488(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/12) repealed (with effect in accordance with Sch. 4 para. 18(2) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 15(6)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/15/6), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7), Note 2
[^c23724271]: Words in [s. 488(6)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/6/iii) substituted (29.7.2004) by [The Scotland Act 1998 (Transfer of Functions to the Scottish Ministers etc.) Order 2004 (S.I. 2004/2030)](https://www.legislation.gov.uk/uksi/2004/2030), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2004/2030/article/1/1), [5](https://www.legislation.gov.uk/uksi/2004/2030/article/5)
[^c23724291]: [S. 488(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/7A) modified (1.12.2008) by [The Transfer of Housing Corporation Functions (Modifications and Transitional Provisions) Order 2008 (S.I. 2008/2839)](https://www.legislation.gov.uk/uksi/2008/2839), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/2839/article/1/1), [3](https://www.legislation.gov.uk/uksi/2008/2839/article/3), [Sch. para. 1](https://www.legislation.gov.uk/uksi/2008/2839/schedule/paragraph/1); [S.I. 2008/3068](https://www.legislation.gov.uk/uksi/2008/3068), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2008/3068/article/1/2), [2(1)(b)](https://www.legislation.gov.uk/uksi/2008/3068/article/2/1/b)
[^c21609571]: See 1976(D)—*exemption of certain housing associations from development land tax.* 1976(D)*repealed from* 19*March* 1985.
[^c21609581]: Source—1970 s.341A
[^c21609591]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c21609601]: *See reference to approved self-build societies in* 1988(F) s.43(3)*and* s.44.
[^c21609611]: [1985 c. 68](https://www.legislation.gov.uk/ukpga/1985/68).
[^c21609621]: [S.I. 1981/156 (N.I. 3)](https://www.legislation.gov.uk/nisi/1981/156).
[^c21609631]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c21609641]: [1969 c. 24 (N.I.)](https://www.legislation.gov.uk/apni/1969/24).
[^c22792891]: [S. 489(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/7) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 29(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/29/2)
[^c22792901]: Words in [s. 489(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/8) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 29(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/29/3)
[^c22792921]: [S. 489(9)(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/9/9A) substituted for s. 489(9) (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 29(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/29/4)
[^c22793871]: [S. 489(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/5A) inserted (1.10.1996) by [Housing Act 1996 (c. 52)](https://www.legislation.gov.uk/ukpga/1996/52), [s. 232(3)](https://www.legislation.gov.uk/ukpga/1996/52/section/232/3), [Sch. 3 para. 8(3)](https://www.legislation.gov.uk/ukpga/1996/52/schedule/3/paragraph/8/3); [S.I. 1996/2402](https://www.legislation.gov.uk/uksi/1996/2402), [art. 3](https://www.legislation.gov.uk/uksi/1996/2402/article/3) (with [Sch.](https://www.legislation.gov.uk/uksi/1996/2402/schedule))
[^c22802631]: Words in [s. 489(9A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/9A/a) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 49(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/49/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22802611]: Word in [s. 489(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/9A) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 49(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/49/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22805861]: [S. 489](https://www.legislation.gov.uk/ukpga/1988/1/section/489): functions transferred (1.7.1999 with effect in accordance with art. 1(2) of the affecting S.I.) by [The National Assembly for Wales (Transfer of Functions) Order 1999 (S.I. 1999/672)](https://www.legislation.gov.uk/uksi/1999/672), [art. 2](https://www.legislation.gov.uk/uksi/1999/672/article/2), [Sch. 1](https://www.legislation.gov.uk/uksi/1999/672/schedule/1)
[^c23724301]: [S. 489(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/5A) modified (1.12.2008) by [The Transfer of Housing Corporation Functions (Modifications and Transitional Provisions) Order 2008 (S.I. 2008/2839)](https://www.legislation.gov.uk/uksi/2008/2839), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/2839/article/1/1), [3](https://www.legislation.gov.uk/uksi/2008/2839/article/3), [Sch. para. 1](https://www.legislation.gov.uk/uksi/2008/2839/schedule/paragraph/1); [S.I. 2008/3068](https://www.legislation.gov.uk/uksi/2008/3068), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2008/3068/article/1/2), [2(1)(b)](https://www.legislation.gov.uk/uksi/2008/3068/article/2/1/b)
[^c22803961]: [S. 489(5A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/5A/b) and preceding word repealed (1.11.1998) by [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [ss. 140](https://www.legislation.gov.uk/ukpga/1998/38/section/140), [158](https://www.legislation.gov.uk/ukpga/1998/38/section/158), [Sch. 16 para. 57](https://www.legislation.gov.uk/ukpga/1998/38/schedule/16/paragraph/57), [Sch. 18 Pt. 6](https://www.legislation.gov.uk/ukpga/1998/38/schedule/18/part/6); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), [art. 5](https://www.legislation.gov.uk/uksi/1998/2244/article/5)
[^c21609651]: [S. 490](https://www.legislation.gov.uk/ukpga/1988/1/section/490) amended (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 78(6)(11)](https://www.legislation.gov.uk/ukpga/1993/34/section/78/6/11)
[^c21609661]: Source—1970 s.346
[^c22794281]: Words in [s. 490(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/490/2) repealed (with effect in accordance with Sch. 18 Pt. 6(6) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(6)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/6)
[^c22800441]: Words in [s. 490(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/490/1) repealed (with effect in accordance with Sch. 6 para. 9(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 9(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/9/2), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22800481]: Words in [s. 490(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/490/4) repealed (with effect in accordance with Sch. 6 para. 9(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 9(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/9/3), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22800501]: [S. 490(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/490/5) repealed (with effect in accordance with Sch. 6 para. 9(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 9(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/9/4), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22801671]: Words in [s. 490(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/490/1) repealed (with effect in accordance with Sch. 3 para. 28(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 28(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/28/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21609671]: Source—1970 s.347
[^c21609681]: *See* 1988(F) Sch.14 Part V—*repeal of* (b)*from* 6*April* 1993.
[^c22802651]: Words in [s. 491(3)(4)(5)(6)(8)(b)(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/3/4/5/6/8/b/11) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23724371]: Words in [s. 491(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724391]: Words in [s. 491(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724411]: Words in [s. 491(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724451]: Words in [s. 491(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724491]: Words in [s. 491(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/3/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724511]: Words in [s. 491(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/3/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724531]: Words in [s. 491(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724551]: [S. 491(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/6), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724571]: Words in [s. 491(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/10/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/7), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21608401]: Words in [s. 477B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/477B/5) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(28)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/28) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22813391]: [S. 477B(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/477B/1A) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 48](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/48)
[^c21609721]: [S. 492(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/1/a/b) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 198(5)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/198/5/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21609741]: Words in [s. 492(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/3) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [Sch. 15 para. 17](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/17)
[^c22808671]: Words in [s. 492(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/5) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 41(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/41/1)
[^c22808691]: Words in [s. 492(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/6) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 41(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/41/2)
[^c22808711]: Words in [s. 492(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/7) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 41(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/41/3)
[^c23726061]: Words in [s. 492(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 190(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/190/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23726181]: [S. 492(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 92(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/92/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23726161]: [S. 492(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 92(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/92/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22802721]: [S. 493(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/6) inserted (with effect in accordance with [s. 152(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/152/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 152(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/152/3)
[^c23726241]: Words in [s. 493(2)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/2/a/i) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 191](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/191) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23726281]: [S. 493(A1)-(A3)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/A1) inserted (with effect in accordance with [s. 147(1)(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/147/1/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 18 para. 12(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/18/paragraph/12/2)
[^c23726341]: Words in [s. 493(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/1) omitted (with effect in accordance with s. 147(1)(2) of the repealing Act) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 18 para. 12(3)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/18/paragraph/12/3/a)
[^c23726301]: Words in [s. 493(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/1) substituted (with effect in accordance with [s. 147(1)(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/147/1/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 18 para. 12(3)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/18/paragraph/12/3/b)
[^c23726261]: [S. 493(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/1A) inserted (with effect in accordance with [s. 151(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/151/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 151(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/151/1)
[^c23726361]: Words in [s. 493(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/2) omitted (with effect in accordance with s. 147(1)(2) of the repealing Act) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 18 para. 12(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/18/paragraph/12/4)
[^c23726381]: Words in [s. 493(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/3) omitted (with effect in accordance with s. 147(1)(2) of the repealing Act) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 18 para. 12(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/18/paragraph/12/5)
[^c23726401]: Words in [s. 493(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/4/b) omitted (with effect in accordance with s. 147(1)(2) of the repealing Act) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 18 para. 12(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/18/paragraph/12/6)
[^c23726321]: [S. 493(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/5) substituted (with effect in accordance with [s. 147(1)(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/147/1/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 18 para. 12(7)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/18/paragraph/12/7)
[^c22792941]: Words in [s. 494(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/1) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 32(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/32/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792961]: Words in [s. 494(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 32(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/32/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792981]: [S. 494(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 32(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/32/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22793021]: [S. 494(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/4/5) substituted for s. 494(4) (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch 14 para. 32(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/32/4) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22801691]: [S. 494(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/4/5) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c22813411]: Words in [s. 494(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2/c) substituted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(3)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/3/a) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813431]: Words in [s. 494(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2/c) renumbered as s. 494(2)(c)(i) (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by virtue of [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(3)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/3/b) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813451]: [S. 494(2)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2/c/ii) and words inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(3)(c)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/3/c) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813521]: Words in [s. 494(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2) substituted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/5) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813541]: Words in [s. 494(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/6) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813561]: [S. 494(2ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2ZA) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/7) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813581]: Words in [s. 494(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2A) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(8)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/8/a) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813601]: Words in [s. 494(2A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2A/b) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(8)(b)(i)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/8/b/i) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813621]: Words in [s. 494(2A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2A/b) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(8)(b)(ii)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/8/b/ii) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813641]: Words in [s. 494(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2A) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(8)(c)(i)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/8/c/i) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813661]: Words in [s. 494(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2A) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(8)(c)(ii)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/8/c/ii) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813681]: [S. 494(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2B) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(9)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/9) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c23726731]: Word at the end of s. 494(2)(b) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 3(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/3/2/a)
[^c23726751]: [S. 494(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2/d) and preceding word repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 3(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/3/2/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23726771]: Words in [s. 494(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 3(2)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/3/2/c), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23726791]: [S. 494(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2B) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 3(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/3/3), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23726831]: Words in [s. 494(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/1) repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23726851]: [S. 494(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/3) repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c21609771]: [1982 c. 39](https://www.legislation.gov.uk/ukpga/1982/39)
[^c22808851]: Words in [s. 495(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/495/1) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 42(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/42/1)
[^c22808871]: Words in [s. 495(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/495/3) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 42(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/42/2)
[^c22808891]: Words in [s. 495(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/495/7) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 42(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/42/3)
[^c23727621]: Words in [s. 495(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/495/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 192](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/192) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21609801]: [1983 c. 56](https://www.legislation.gov.uk/ukpga/1983/56).
[^c23728561]: Words in [s. 496(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/496/1/a) inserted (with effect in accordance with [s. 285(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/285/7) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 37 para. 11(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/37/paragraph/11/2)
[^c23728581]: Words in [s. 496(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/496/2) inserted (with effect in accordance with [s. 285(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/285/7) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 37 para. 11(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/37/paragraph/11/3)
[^c23728601]: Words in [s. 496(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/496/3) inserted (with effect in accordance with [s. 285(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/285/7) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 37 para. 11(4)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/37/paragraph/11/4/a)
[^c23728621]: Words in [s. 496(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/496/3/b) inserted (with effect in accordance with [s. 285(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/285/7) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 37 para. 11(4)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/37/paragraph/11/4/b)
[^c23728661]: Words in [s. 496(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/496/1/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 193](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/193) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22891131]: Words in [s. 500(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/500/4) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 62(1)(a)](https://www.legislation.gov.uk/ukpga/1990/29/section/62/1/a)
[^c22891151]: Words in [s. 500(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/500/4) substituted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 62(1)(b)](https://www.legislation.gov.uk/ukpga/1990/29/section/62/1/b)
[^c22891171]: [S. 500(5)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/500/5) substituted for s. 500(5) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 62(2)](https://www.legislation.gov.uk/ukpga/1990/29/section/62/2)
[^c22891211]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): definition of "ring fence trade" added by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 62(3)](https://www.legislation.gov.uk/ukpga/1990/29/section/62/3)
[^c21609931]: [1975 c. 22](https://www.legislation.gov.uk/ukpga/1975/22).
[^c21609941]: [1964 c. 28 (N.I.)](https://www.legislation.gov.uk/apni/1964/28)
[^c21609951]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): words in definition of "oil extraction activities" repealed (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 55(1)(a)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/55/1/a/2), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 18 Pt.VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21609961]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): words in definition of "oil extraction activities" inserted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 55(1)(b)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/55/1/b/2)
[^c21609971]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): words in definition of "ring fence profits" substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(30)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/30) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/171/1), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21609981]: [S. 502(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1A) inserted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [300(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/300/1), [Sch. 10 para. 14(30)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/30) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21609991]: [1964 c. 29](https://www.legislation.gov.uk/ukpga/1964/29).
[^c22805961]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): words in definition of "oil" substituted (15.2.1999) by [Petroleum Act 1998 (c. 17)](https://www.legislation.gov.uk/ukpga/1998/17), [Sch. 4 para. 25](https://www.legislation.gov.uk/ukpga/1998/17/schedule/4/paragraph/25), [s. 52(4)](https://www.legislation.gov.uk/ukpga/1998/17/section/52/4); [S.I. 1999/161](https://www.legislation.gov.uk/uksi/1999/161), [art. 2(1)](https://www.legislation.gov.uk/uksi/1999/161/article/2/1)
[^c22808081]: [S. 502(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/3A) substituted for words in s. 502(3) (with effect in accordance with [Sch. 27 para. 12(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/12/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 9](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/9)
[^c23728921]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): words in definition of "ring fence trade" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 194(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/194/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23728941]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): words in definition of "ring fence trade" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 194(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/194/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23727051]: [S. 494A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/494A/2/b) and preceding word repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23727081]: [S. 494A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/494A/3/b) and preceding word repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c22804821]: [1996 c.8](https://www.legislation.gov.uk/ukpga/1996/8).
[^c22813711]: Words in [s. 494AA(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/494AA/2) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/4/a)
[^c22813741]: [S. 494AA(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/494AA/2/b) and preceding word repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23727121]: Word at the end of s. 494AA(2)(a) inserted (with effect in accordance with [Sch. 9 para. 1(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/1/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 9 para. 1(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/1/2)
[^c23727141]: [S. 494AA(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/494AA/2/c) inserted (with effect in accordance with [Sch. 9 para. 1(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/1/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 9 para. 1(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/1/3)
[^c23727161]: [S. 494AA(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/494AA/6): definition of "long funding operating lease" inserted (with effect in accordance with [Sch. 9 para. 1(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/1/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 9 para. 1(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/1/4)
[^c22813771]: Words in [s. 501A(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/501A/5/a) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 18(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/18/2) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813791]: [S. 501A(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/501A/5/b) substituted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 18(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/18/3) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813811]: [S. 501A(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/501A/5/c) substituted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 8](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/8) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23728721]: [S. 501A(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/501A/10/b) substituted (with effect in accordance with [s. 80(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 23](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/23)
[^c23728781]: Words in [s. 501A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/501A/1) substituted (with effect in accordance with [s. 152(2)(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/152/2/3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 152(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/152/1)
[^c23728741]: [S. 501A(5)(dd)](https://www.legislation.gov.uk/ukpga/1988/1/section/501A/5/dd) substituted for word at the end of s. 501A(5)(d) (with effect in accordance with [Sch. 9 para. 2(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/2/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 9 para. 2(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/2/2)
[^c23728761]: [S. 501A(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/501A/11) inserted (with effect in accordance with [Sch. 9 para. 2(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/2/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 9 para. 2(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/2/3)
[^c22808911]: [S. 503](https://www.legislation.gov.uk/ukpga/1988/1/section/503) applied (with effect in accordance with s. 579 of the affecting Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 249(2)](https://www.legislation.gov.uk/ukpga/2001/2/section/249/2) (with [Sch. 3 paras. 54](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/54), [55](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/55))
[^c22813931]: [S. 503](https://www.legislation.gov.uk/ukpga/1988/1/section/503) applied (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 32(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/32/4)
[^c23729751]: Words in [s. 503(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729871]: Words in [s. 503(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/1/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729771]: Word in [s. 503(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/1/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729791]: Words in [s. 503(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729891]: [S. 503(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/2/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729811]: Words in [s. 503(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729831]: Word in [s. 503(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21610111]: [S. 504](https://www.legislation.gov.uk/ukpga/1988/1/section/504) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 241(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/241/2), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21610121]: Source—1984 s.50(2)-(9)
[^c22793081]: Words in [s. 504(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 14(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/14/2)
[^c22793111]: [S. 504(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6A) inserted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 14(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/14/3)
[^c23730081]: [S. 504(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730101]: Words in [s. 504(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/3/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729961]: Word in [s. 504(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730121]: Words in [s. 504(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/3/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729981]: Words in [s. 504(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730001]: Words in [s. 504(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(3)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/3/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730021]: Words in [s. 504(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730171]: Words in [s. 504(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/7) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/5/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730191]: Words in [s. 504(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/7) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/5/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730221]: Words in [s. 504(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/6), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730041]: Words in [s. 504(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(7)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730061]: Word in [s. 504(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(7)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22754471]: [S. 505](https://www.legislation.gov.uk/ukpga/1988/1/section/505) modified (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 171](https://www.legislation.gov.uk/ukpga/1994/9/section/171)
[^c21610191]: Source—1970 s.360(1)
[^c21610201]: *Repealed by* 1988(F) s.148*and* Sch.14 Part V*from* 6*April* 1988.
[^c21610221]: Source—1986 s.30(1)
[^c22789231]: [S. 505(1)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/f) inserted (with effect in accordance with [s. 138(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/138/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 138(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/138/1)
[^c22793141]: [S. 505(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/a) substituted (with effect in accordance with [s. 146(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/146/5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 146(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/146/2)
[^c22793191]: [S. 505(1)(c)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/i) repealed (with effect in accordance with Sch. 7 para. 32, Sch. 41 Pt. 5(2) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 19(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/19/1), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c22793161]: [S. 505(1)(c)(ii)-(iib)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/ii) substituted for s. 505(1)(c)(ii) (with effect in accordance with [s. 146(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/146/5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 146(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/146/3)
[^c22793231]: [S. 505(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/d) substituted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 19(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/19/2) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c22793271]: Words in [s. 505(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/e) inserted (with effect in accordance with [s. 146(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/146/5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 146(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/146/4)
[^c22793281]: [S. 505(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1A) inserted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para 19(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/19/3) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c22813951]: [S. 505(1)(c)(iic)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/iic) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 3](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/3)
[^c23730441]: Words in [s. 505(1)(c)(iia)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/iia) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/2/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730281]: [S. 505(1)(c)(iiaa)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/iiaa) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730301]: Words in [s. 505(1)(c)(iib)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/iib) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(2)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/2/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730401]: [S. 505(1AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1AA) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730421]: Words in [s. 505(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730481]: [S. 505(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1B) inserted (with effect in accordance with [s. 56(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/56/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 56(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/56/1)
[^c23730461]: [S. 505(3)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/3) substituted for s. 505(3)-(8) (with effect in accordance with [s. 55(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/1)
[^c23730881]: Words in [s. 505(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/a) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/2/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730901]: Words in [s. 505(1)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/ii) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(2)(b)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/2/b/i), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730921]: [S. 505(1)(c)(iiaa)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/iiaa/iii) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/2/b/ii), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730501]: Words in [s. 505(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(2)(b)(iii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/2/b/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730951]: Words in [s. 505(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/d) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(2)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/2/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730971]: Words in [s. 505(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/e) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(2)(d)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/2/d/i), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730521]: Words in [s. 505(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/e) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(2)(d)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/2/d/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730991]: Words in [s. 505(1)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/f) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(2)(e)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/2/e/i), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730571]: Words in [s. 505(1)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/f) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(2)(e)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/2/e/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730611]: Words in [s. 505(1AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1AA) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730631]: Words in [s. 505(1B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1B/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730651]: Words in [s. 505(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/2/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(5)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730671]: Words in [s. 505(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/2/c) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(5)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731011]: Words in [s. 505(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(5)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/5/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730691]: Words in [s. 505(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(6)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730711]: Words in [s. 505(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(6)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730731]: Words in [s. 505(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(7)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730751]: Words in [s. 505(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(7)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730771]: Words in [s. 505(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/6) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(8)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/8) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730801]: Words in [s. 505(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/7) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(9)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/9/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23730821]: Words in [s. 505(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/7) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 94(9)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/94/9/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731031]: [S. 505(1)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/aa) inserted (with effect in accordance with [s. 52(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/52/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 17 para. 17](https://www.legislation.gov.uk/ukpga/2007/11/schedule/17/paragraph/17)
[^c23731051]: Words in [s. 505(1)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/f) substituted (1.9.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 25 paras. 1](https://www.legislation.gov.uk/ukpga/2007/11/schedule/25/paragraph/1), [23(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/25/paragraph/23/2); [S.I. 2007/2532](https://www.legislation.gov.uk/uksi/2007/2532), [art. 2](https://www.legislation.gov.uk/uksi/2007/2532/article/2) (with [art. 3](https://www.legislation.gov.uk/uksi/2007/2532/article/3))
[^c21610281]: *Definition employed for purposes of*:1990 s.25—*donation to charity by individuals.*1990 s.56*and* Sch.10 para.21—*exemption for convertible securities held by charities.*1990 s.94(1)—*inspection powers* (*definition extended to cover bodies mentioned in* sections 507*and* 508).
[^c21610291]: Source—1970 s.360(3); 1986 s.31(1)(a), (c), Sch.7 1(1)
[^c21610301]: Source—1986 Sch.7 1(2), (3)
[^c21610311]: Source—1986 s.31(4)-(6)
[^c23731331]: [S. 506(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/1): definition of "charitable expenditure" substituted for definitions of "qualifying expenditure" and "non-qualifying expenditure" (with effect in accordance with [s. 55(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(2)(a)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/2/a)
[^c23731431]: Words in [s. 506(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/2) repealed (with effect in accordance with s. 55(5) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(2)(b)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/2/b), [Sch. 26 Pt. 3(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/5)
[^c23731351]: Words in [s. 506(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/3) substituted (with effect in accordance with [s. 55(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(2)(c)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/2/c)
[^c23731371]: Words in [s. 506(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/4) substituted (with effect in accordance with [s. 55(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(2)(d)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/2/d)
[^c23731391]: Words in [s. 506(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/5) substituted (with effect in accordance with [s. 55(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(2)(e)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/2/e)
[^c23731451]: [S. 506(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/6) repealed (with effect in accordance with s. 55(5) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(2)(f)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/2/f), [Sch. 26 Pt. 3(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/5)
[^c23731471]: [S. 506(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/1): definition of "charitable company" inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 95(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/95/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731491]: Words in [s. 506(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 95(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/95/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731521]: Words in [s. 506(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 95(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/95/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731541]: Words in [s. 506(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 95(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/95/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731561]: Word in [s. 506(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 95(5)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/95/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731581]: Words in [s. 506(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 95(5)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/95/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731611]: Word in [s. 506(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 95(6)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/95/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731631]: Words in [s. 506(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 95(6)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/95/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21610431]: *See*1989 s.59—*these bodies treated as established for charitable purposes for purposes of* s.59 (*covenanted subscriptions*).1990 s.25—*donations to charity by individuals.*
[^c21610441]: Source—1980 s.118(1); 1983 s.46(1)
[^c21610451]: 1989 s.60(1)*in relation to accounting periods ending on or after* 14*March* 1989.
[^c21610461]: Words in [s. 507(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/507/1/d) substituted (1.9.1992) by [Museums and Galleries Act 1992 (c. 44)](https://www.legislation.gov.uk/ukpga/1992/44), [s. 11(2)](https://www.legislation.gov.uk/ukpga/1992/44/section/11/2), [Sch. 8 para. 1(8)](https://www.legislation.gov.uk/ukpga/1992/44/schedule/8/paragraph/1/8); [S.I. 1992/1874](https://www.legislation.gov.uk/uksi/1992/1874), [art. 2](https://www.legislation.gov.uk/uksi/1992/1874/article/2)
[^c21610471]: [S. 507(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/507/1/e) inserted (1.11.1992) by [S.I. 1992/2383](https://www.legislation.gov.uk/uksi/1992/2383), [reg. 2(2)](https://www.legislation.gov.uk/uksi/1992/2383/regulation/2/2), [Sch. para.11](https://www.legislation.gov.uk/uksi/1992/2383/schedule/paragraph/11)
[^c21610491]: *Repealed by* 1989 ss.60(1)*and* 187*and* Sch.17 Part IV*in relation to accounting periods ending on or after* 14*March* 1989.
[^c22802761]: [S. 507(1)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/507/1/f) inserted (2.7.1998) by [National Lottery Act 1998 (c. 22)](https://www.legislation.gov.uk/ukpga/1998/22), [s. 24(1)](https://www.legislation.gov.uk/ukpga/1998/22/section/24/1), [27(4)(b)](https://www.legislation.gov.uk/ukpga/1998/22/section/27/4/b)
[^c22804261]: [S. 507(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/507/1/e) omitted (19.4.1999) by virtue of The United Kingdom Ecolabelling Board (Abolition) Regulations 1999 (S.I 1999/931), regs. 1, 9
[^c23732291]: Words in [s. 507(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/507/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 99](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/99) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21610501]: Source—1970 s.362
[^c23732311]: [S. 508(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/508/1/a) substituted (with effect in accordance with [s. 13(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 13(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/2)
[^c23732331]: Words in [s. 508(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/508/1) substituted (with effect in accordance with [s. 13(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 13(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/3)
[^c23732351]: [S. 508(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/508/1A/1B) inserted (with effect in accordance with [s. 13(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 13(4)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/4)
[^c23732371]: [S. 508(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/508/3/4) substituted for s. 508(3) (with effect in accordance with [s. 13(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 13(5)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/5)
[^c23732391]: Words in [s. 508(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/508/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 100](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/100) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21610511]: [S. 509(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/509/1) extended (with modifications) (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 23](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/23)
[^c21610521]: Source—1970 s.348; 1971 s.28(1)
[^c22802781]: Words in [s. 509(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/509/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21610531]: Source—1970 s.361
[^c21610551]: Source—O.J. No. L199/1.
[^c22789291]: Words in [s. 510A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/510A/6) repealed (with effect in accordance with Sch. 29 Pt. 8(16) Note 3 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(16)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/16)
[^c22789311]: [S. 510A(7)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/510A/7/8) repealed (with effect in accordance with Sch. 29 Pt. 8(16) Note 3 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(16)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/16)
[^c22813991]: Words in [s. 510A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/510A/3) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 49(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/49/3)
[^c22814011]: [S. 510A(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/510A/6A) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 49(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/49/4)
[^c23732411]: Words in [s. 510A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/510A/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 101(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/101/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23732451]: [S. 510A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/510A/3/b) and preceding word repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 101(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/101/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23732431]: Words in [s. 510A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/510A/6) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 101(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/101/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21610681]: *See* ss.89*and* 90*and* Sch.11 Electricity Act 1989*in connection with electricity industry privatisation; and see* s.112*and* Sch.18 Electricity Act 1989*for changes to* s.511*from a day to be appointed.*
[^c21610691]: Source—1970 s.350(3)
[^c21610701]: [1948 c. 67](https://www.legislation.gov.uk/ukpga/1948/67).
[^c21610771]: Source—1973 s.36(1)
[^c21610781]: [1980 c.60](https://www.legislation.gov.uk/ukpga/1980/60).
[^c21610791]: [1980 c.34](https://www.legislation.gov.uk/ukpga/1980/34).
[^c21610801]: Source—1980 s.119(1)-(3)
[^c21610811]: Words in [s. 513(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/513/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(32)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/32) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/171/1), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21610871]: Source—1970 s.371
[^c21610881]: [1947 c. 30](https://www.legislation.gov.uk/ukpga/1947/30).
[^c23732591]: Word in [s. 517](https://www.legislation.gov.uk/ukpga/1988/1/section/517) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 104](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/104) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21610931]: Source—1970 s.352(1)-(6); 1971 Sch.8 16; 1986 s.56(7)(a), Sch.13 2(5)(a)
[^c21610941]: Words in [s. 518(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/518/3) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [Sch. 15 para. 19(1)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/19/1)
[^c21610951]: [S. 518(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/518/6) repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 15 para. 19(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/19/2), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 4
[^c21610961]: Source—1970 s.352(8), (9)
[^c21610971]: Source—1970 s.352(11)
[^c21610981]: [1964 c. 40](https://www.legislation.gov.uk/ukpga/1964/40).
[^c22808931]: Words in [s. 518(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/518/4) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 43](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/43)
[^c22807771]: [S. 519](https://www.legislation.gov.uk/ukpga/1988/1/section/519) extended (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [ss. 419(1)(2)(a)](https://www.legislation.gov.uk/ukpga/1999/29/section/419/1/2/a), [425(2)](https://www.legislation.gov.uk/ukpga/1999/29/section/425/2) (with [s. 157(4)](https://www.legislation.gov.uk/ukpga/1999/29/section/157/4)); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), [art. 2](https://www.legislation.gov.uk/uksi/1999/3434/article/2)
[^c21611001]: Definition applied for purposes of—1979(C) s.149B(3)—*miscellaneous exemptions.*1988 s.832(1)—*interpretation of Tax Acts.*
[^c21611021]: Subs.(4)*repealed by* 1990 s.127*and* Sch.18 para.5(2)*and* 132*and* Sch.19 Part IV*on and after* 1*April* 1990.
[^c23732631]: [S. 519(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/519/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 105](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/105) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21611051]: Word in [s. 519A(2)(g)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/g) repealed by [S.I. 1991/195](https://www.legislation.gov.uk/uksi/1991/195), [art. 6](https://www.legislation.gov.uk/uksi/1991/195/article/6)
[^c21611061]: [S. 519A(2)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/i) (j) (k) added by [S.I. 1991/195](https://www.legislation.gov.uk/uksi/1991/195), [art. 6](https://www.legislation.gov.uk/uksi/1991/195/article/6)
[^c22789341]: [S. 519A(2)(a)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/a/aa) substituted for s. 519A(2)(a) (1.4.1996) by [Health Authorities Act 1995 (c. 17)](https://www.legislation.gov.uk/ukpga/1995/17), [s. 2(3)](https://www.legislation.gov.uk/ukpga/1995/17/section/2/3), [Sch. 1 para. 114(a)](https://www.legislation.gov.uk/ukpga/1995/17/schedule/1/paragraph/114/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/1995/17/schedule/2))
[^c22789361]: [S. 519A(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/c) repealed (1.4.1996) by [Health Authorities Act 1995 (c. 17)](https://www.legislation.gov.uk/ukpga/1995/17), [s. 2(3)](https://www.legislation.gov.uk/ukpga/1995/17/section/2/3), [Sch. 1 para. 114(b)](https://www.legislation.gov.uk/ukpga/1995/17/schedule/1/paragraph/114/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/1995/17/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/1995/17/schedule/2))
[^c22809081]: [S. 519A(2)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/ab) inserted (1.4.2000 for E.W. and 11.5.2001 otherwise) by [Health Act 1999 (c. 8)](https://www.legislation.gov.uk/ukpga/1999/8), [s. 67(1)](https://www.legislation.gov.uk/ukpga/1999/8/section/67/1), [Sch. 4 para. 73](https://www.legislation.gov.uk/ukpga/1999/8/schedule/4/paragraph/73); [S.I. 1999/2342](https://www.legislation.gov.uk/uksi/1999/2342), [art. 2(4)(b)(i)](https://www.legislation.gov.uk/uksi/1999/2342/article/2/4/b/i); [S.I. 2001/1985](https://www.legislation.gov.uk/uksi/2001/1985), [art. 2(4)](https://www.legislation.gov.uk/uksi/2001/1985/article/2/4)
[^c22892951]: Words in [s. 519A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/a) inserted (1.10.2002) by [The National Health Service Reform and Health Care Professions Act 2002 (Supplementary, Consequential etc. Provisions) Regulations 2002 (S.I. 2002/2469)](https://www.legislation.gov.uk/uksi/2002/2469), [reg. 1](https://www.legislation.gov.uk/uksi/2002/2469/regulation/1), [Sch. 1 para. 14](https://www.legislation.gov.uk/uksi/2002/2469/schedule/1/paragraph/14)
[^c22814041]: [S. 519A(2)(aba)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/aba) inserted (10.10.2002 for W., otherwise prosp.) by [National Health Service Reform and Health Care Professions Act 2002 (c. 17)](https://www.legislation.gov.uk/ukpga/2002/17), [s. 42(3)](https://www.legislation.gov.uk/ukpga/2002/17/section/42/3), [Sch. 5 para. 27](https://www.legislation.gov.uk/ukpga/2002/17/schedule/5/paragraph/27); [S.I. 2005/2352](https://www.legislation.gov.uk/uksi/2005/2352), [art. 2](https://www.legislation.gov.uk/uksi/2005/2352/article/2), [Sch.](https://www.legislation.gov.uk/uksi/2005/2352/schedule)
[^c23732651]: [S. 519A(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/bb) inserted (1.4.2004) by [Health and Social Care (Community Health and Standards) Act 2003 (c. 43)](https://www.legislation.gov.uk/ukpga/2003/43), [ss. 33(1)](https://www.legislation.gov.uk/ukpga/2003/43/section/33/1), [199(1)](https://www.legislation.gov.uk/ukpga/2003/43/section/199/1); [S.I. 2004/759](https://www.legislation.gov.uk/uksi/2004/759), [art. 2](https://www.legislation.gov.uk/uksi/2004/759/article/2)
[^c23732671]: [S. 519A(3)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/3) added (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 148](https://www.legislation.gov.uk/ukpga/2004/12/section/148)
[^c23732691]: [S. 519A(2)(h)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/h) repealed (1.4.2005) by [Health and Social Care (Community Health and Standards) Act 2003 (c. 43)](https://www.legislation.gov.uk/ukpga/2003/43), [ss. 190(2)](https://www.legislation.gov.uk/ukpga/2003/43/section/190/2), [199(1)](https://www.legislation.gov.uk/ukpga/2003/43/section/199/1), [Sch. 13 para. 5](https://www.legislation.gov.uk/ukpga/2003/43/schedule/13/paragraph/5), [Sch. 14 Pt. 7](https://www.legislation.gov.uk/ukpga/2003/43/schedule/14/part/7); [S.I. 2005/457](https://www.legislation.gov.uk/uksi/2005/457), [art. 2(1)(a)(b)](https://www.legislation.gov.uk/uksi/2005/457/article/2/1/a/b)
[^c23732731]: [S. 519A(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/e) repealed (S.) (27.9.2005) by [The Mental Health (Care and Treatment) (Scotland) Act 2003 (Modification of Enactments) Order 2005 (S.S.I. 2005/465)](https://www.legislation.gov.uk/ssi/2005/465), [art. 1](https://www.legislation.gov.uk/ssi/2005/465/article/1), [Sch. 2](https://www.legislation.gov.uk/ssi/2005/465/schedule/2); and s. 519A(2)(e) repealed (E.W.N.I.) (5.10.2005) by [The Mental Health (Care and Treatment) (Scotland) Act 2003 (Consequential Provisions) Order 2005 (S.I. 2005/2078)](https://www.legislation.gov.uk/uksi/2005/2078), [art. 1(1)](https://www.legislation.gov.uk/uksi/2005/2078/article/1/1), [Sch. 3](https://www.legislation.gov.uk/uksi/2005/2078/schedule/3)
[^c23732751]: [S. 519A(2)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/f) repealed (1.4.2006) by [Health and Social Care (Community Health and Standards) Act 2003 (c. 43)](https://www.legislation.gov.uk/ukpga/2003/43), [s. 199(1)](https://www.legislation.gov.uk/ukpga/2003/43/section/199/1), [Sch. 14 Pt. 4](https://www.legislation.gov.uk/ukpga/2003/43/schedule/14/part/4); [S.I. 2005/2925](https://www.legislation.gov.uk/uksi/2005/2925), [art. 11](https://www.legislation.gov.uk/uksi/2005/2925/article/11)
[^c23732771]: Words in [s. 519A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/a) inserted (1.3.2007) by [National Health Service (Consequential Provisions) Act 2006 (c. 43)](https://www.legislation.gov.uk/ukpga/2006/43), [s. 8(2)](https://www.legislation.gov.uk/ukpga/2006/43/section/8/2), [Sch. 1 para. 100(a)(i)](https://www.legislation.gov.uk/ukpga/2006/43/schedule/1/paragraph/100/a/i)
[^c23732851]: Words in [s. 519A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/a) omitted (1.3.2007) by virtue of [National Health Service (Consequential Provisions) Act 2006 (c. 43)](https://www.legislation.gov.uk/ukpga/2006/43), [s. 8(2)](https://www.legislation.gov.uk/ukpga/2006/43/section/8/2), [Sch. 1 para. 100(a)(ii)](https://www.legislation.gov.uk/ukpga/2006/43/schedule/1/paragraph/100/a/ii)
[^c23732791]: Words in [s. 519A(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/aa) substituted (1.3.2007) by [National Health Service (Consequential Provisions) Act 2006 (c. 43)](https://www.legislation.gov.uk/ukpga/2006/43), [s. 8(2)](https://www.legislation.gov.uk/ukpga/2006/43/section/8/2), [Sch. 1 para. 100(b)](https://www.legislation.gov.uk/ukpga/2006/43/schedule/1/paragraph/100/b)
[^c23732811]: Words in [s. 519A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/b) substituted (1.3.2007) by [National Health Service (Consequential Provisions) Act 2006 (c. 43)](https://www.legislation.gov.uk/ukpga/2006/43), [s. 8(2)](https://www.legislation.gov.uk/ukpga/2006/43/section/8/2), [Sch. 1 para. 100(c)](https://www.legislation.gov.uk/ukpga/2006/43/schedule/1/paragraph/100/c)
[^c23732831]: Words in [s. 519A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/8) substituted (1.3.2007) by [National Health Service (Consequential Provisions) Act 2006 (c. 43)](https://www.legislation.gov.uk/ukpga/2006/43), [s. 8(2)](https://www.legislation.gov.uk/ukpga/2006/43/section/8/2), [Sch. 1 para. 101](https://www.legislation.gov.uk/ukpga/2006/43/schedule/1/paragraph/101)
[^c23732871]: Words in [s. 519A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/a) omitted (1.4.2007) by virtue of The References to [Health Authorities Order 2007 (S.I. 2007/961)](https://www.legislation.gov.uk/uksi/2007/961), [art. 1(1)](https://www.legislation.gov.uk/uksi/2007/961/article/1/1), [Sch. para. 19](https://www.legislation.gov.uk/uksi/2007/961/schedule/paragraph/19)
[^c23732891]: [S. 519A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 106(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/106/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23732911]: Words in [s. 519A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/3/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 106(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/106/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731651]: Words in [s. 506A](https://www.legislation.gov.uk/ukpga/1988/1/section/506A) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 96(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/96/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731831]: Words in [s. 506A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/506A/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 96(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/96/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731861]: Words in [s. 506A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/506A/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 96(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/96/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731891]: Words in [s. 506A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/506A/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 96(3)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/96/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23731931]: Words in [s. 506B(1)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/506B/1)(7)(9) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 97(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/97/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23732021]: Words in [s. 506B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/506B/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 97(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/97/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23732041]: Words in [s. 506B(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/506B/7) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 97(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/97/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23732061]: Words in [s. 506B(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/506B/8) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 97(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/97/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23732191]: [S. 506C(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/506C/1/d) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 98(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/98/2/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23732211]: Word at the end of s. 506C(1)(h) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 98(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/98/2/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23732151]: Word at the end of s. 506C(1)(i) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 98(2)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/98/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23732171]: [S. 506C(1)(j)](https://www.legislation.gov.uk/ukpga/1988/1/section/506C/1/j) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 98(2)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/98/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23732081]: Words in [s. 506C(2)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/506C/2/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 98(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/98/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23732111]: Words in [s. 506C(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/506C/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 98(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/98/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23732131]: Words in [s. 506C(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/506C/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 98(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/98/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23729261]: [S. 502B](https://www.legislation.gov.uk/ukpga/1988/1/section/502B) excluded (21.7.2008) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 20 para. 11(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/11/2)
[^c23729281]: [S. 502B](https://www.legislation.gov.uk/ukpga/1988/1/section/502B) excluded (21.7.2009) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 33 para. 5](https://www.legislation.gov.uk/ukpga/2009/10/schedule/33/paragraph/5)
[^c23729271]: [S. 502C](https://www.legislation.gov.uk/ukpga/1988/1/section/502C) excluded (21.7.2008) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 20 para. 11(8)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/11/8)
[^c23729291]: [S. 502C](https://www.legislation.gov.uk/ukpga/1988/1/section/502C) excluded (21.7.2009) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 33 para. 7](https://www.legislation.gov.uk/ukpga/2009/10/schedule/33/paragraph/7)
[^c23729481]: [S. 502H](https://www.legislation.gov.uk/ukpga/1988/1/section/502H) modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [reg. 20A](https://www.legislation.gov.uk/uksi/2005/2014/regulation/20A) (as inserted (14.8.2007 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2007 (S.I. 2007/2134)](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [19](https://www.legislation.gov.uk/uksi/2007/2134/regulation/19)); and that modifying reg. 20A is omitted (12.8.2008 with effect in accordance with reg. 1(2) of the revoking S.I.) by virtue of [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/1), [9](https://www.legislation.gov.uk/uksi/2008/1937/regulation/9)
[^c23729381]: Words in [s. 502H(2)(a)(ii)(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/502H/2/a/ii/4/b) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 44](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/44) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23729411]: [S. 502H(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/502H/2/b) and preceding word repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 4(4)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/4/4/a), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23729441]: [S. 502H(8)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/502H/8) repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 4(4)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/4/4/a), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c21611181]: Source - 1970 s.380(1)
[^c21611191]: Source - 1970 s.380(2)
[^c21611221]: Source - 1970 s.380(4)
[^c21611231]: Source - 1970 s.380(5)
[^c22776211]: Words in [s. 524(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 15(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/15/2/a)
[^c22776231]: Words in [s. 524(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 15(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/15/2/b)
[^c22776251]: [S. 524(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2A) inserted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 15(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/15/3)
[^c23733541]: Words in [s. 524(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733581]: Words in [s. 524(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733601]: Words in [s. 524(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733631]: Word in [s. 524(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733651]: Words in [s. 524(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733681]: Word in [s. 524(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733851]: [S. 524(2A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2A/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/4/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733871]: Words in [s. 524(2A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2A/b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/4/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733701]: Words in [s. 524(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733721]: Words in [s. 524(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733891]: [S. 524(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/6), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733741]: [S. 524(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733911]: Words in [s. 524(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(8)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/8), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733761]: Word in [s. 524(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(9)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/9/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733781]: Words in [s. 524(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(9)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/9/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733811]: Word in [s. 524(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(9)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/9/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733831]: Word in [s. 524(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(10)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/10) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733951]: [S. 524(3)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/3/b/c) and preceding word repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 107(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/107/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23733931]: [S. 524(9)(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/9/9A) substituted for s. 524(9) (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 107(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/107/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21611251]: Source - 1970 s.381(2)
[^c22771321]: [S. 525(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/5) repealed (with effect in accordance with Sch. 14 Pt. 8 Note 4 of the repealing Act) by Finance Act [1988 c. 39](https://www.legislation.gov.uk/ukpga/1988/39), [Sch. 14 Pt. 8](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14/part/8)
[^c22781431]: Words in [s. 525(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/3) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 45](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/45)
[^c23733991]: [S. 525(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734051]: [S. 525(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734011]: Words in [s. 525(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/4/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(4)(a)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/4/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734071]: Words in [s. 525(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/4/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/4/a/ii), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734031]: Word in [s. 525(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/4/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(4)(a)(iii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/4/a/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734091]: [S. 525(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/4/b) and preceding word repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/4/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21611291]: Source - 1970 s.382
[^c22795671]: Word in [s. 526(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/526/1/b) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23734141]: Word in [s. 526(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/526/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 203(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/203/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734161]: Word in [s. 526(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/526/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 203(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/203/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734181]: Words in [s. 526(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/526/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 203(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/203/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734201]: Word in [s. 526(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/526/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 203(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/203/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734221]: [S. 526(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/526/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 203(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/203/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21611321]: Source-1970 s.385; 1985 s.64(2)(d)-(f)
[^c22781201]: [S. 528(1)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/528/1/4) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 46(1)(4)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/46/1/4), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781451]: Words in [s. 528(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/528/2/3) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 46(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/46/2)
[^c22781481]: [S. 528(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/528/3A) inserted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 46(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/46/3)
[^c23734301]: [S. 528(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/528/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 205(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/205/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734321]: Words in [s. 528(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/528/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 205(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/205/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734341]: Words in [s. 528(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/528/3A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 205(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/205/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21611411]: Source-1970 s.386(2); 1985 s.65(3)(a)
[^c22795691]: [S. 531(2)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/2/7) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 19(2)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/19/2)
[^c21611431]: Source-1970 s.386(4); 1985 s.65(3)(b)
[^c21611441]: Source-1970 s.386(4)-(6)
[^c21611451]: Source-1970 s.386(8); 1985 Sch.18 Part II 8
[^c22781501]: Words in [s. 531(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/1) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 48(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/48/1)
[^c22781271]: Words in [s. 531(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/3) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 48(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/48/2), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781521]: Words in [s. 531(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/4/a) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 48(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/48/3)
[^c22781291]: Words in [s. 531(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/7) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 48(4)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/48/4), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c23734371]: Words in [s. 531(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734391]: Words in [s. 531(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734421]: Words in [s. 531(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734451]: Words in [s. 531(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734471]: [S. 531(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734491]: Words in [s. 531(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734511]: [S. 531(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/3A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734531]: Word in [s. 531(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734571]: Words in [s. 531(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734551]: Words in [s. 531(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734601]: Word in [s. 531(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(7)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734621]: Words in [s. 531(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(7)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734661]: [S. 531(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(8)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/8), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734641]: Word in [s. 531(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(9)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/9) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22781551]: [S. 532](https://www.legislation.gov.uk/ukpga/1988/1/section/532) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 49](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/49)
[^c23734681]: Words in [s. 532](https://www.legislation.gov.uk/ukpga/1988/1/section/532) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 208](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/208) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734701]: Words in [s. 532](https://www.legislation.gov.uk/ukpga/1988/1/section/532) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 109](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/109) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21611551]: Source-1970 s.388; 1985 s.64(2)(g)
[^c22771361]: Words in [s. 533(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/4) inserted (with retrospective effect) by Finance Act 1988, Sch. 13 Pt. 1 paras. 5, 1
[^c21611571]: Source-1970 s.386(8); 1985 Sch.18 Part II 8
[^c22781591]: Words in [ss. 533(1)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/1) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 50(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/50/1)
[^c22781331]: Words in [s. 533(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/1) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 4)](https://www.legislation.gov.uk/ukpga/2001/4), [Sch. 2 para. 50(2)(b)](https://www.legislation.gov.uk/ukpga/2001/4/schedule/2/paragraph/50/2/b), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/4/schedule/4)
[^c22781651]: Words in [s. 533(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/7) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 50(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/50/3)
[^c23734721]: Words in [s. 533(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 209(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/209/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734741]: [S. 533(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/1): definition of "income from patents" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 209(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/209/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734761]: Words in [s. 533(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 209(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/209/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22774361]: Words in [s. 539(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/1) repealed (with effect in accordance with Sch. 17 Pt. 5 Note 6 of the repealing Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/5)
[^c21611751]: [S. 539(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/9) inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 2](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/2)
[^c21611761]: Source-1970 s.393(1); 1971 Sch.6 41; 1972 Sch.24 23
[^c21611781]: Source-1970 s.393(2)(a), (c); 1971 Sch.3 11
[^c21611801]: [1924 c. 27](https://www.legislation.gov.uk/ukpga/1924/27).
[^c21611811]: Source-1970 s.393(3); 1985 s.41(8) 56, Sch. 9 para. 15
[^c21611821]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "friendly society" inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.15](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/15); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21611831]: Source-1975 Sch.2 15
[^c21611841]: Source-1970 s.393(4), (5)
[^c22776391]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): word in definition of "capital redemption policy" substituted (with effect in accordance with [s. 168(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/168/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 168(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/168/4)
[^c22781951]: [S. 539(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3A) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 2](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/2)
[^c23745031]: [S. 539(2)(e)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/2/e/f) and preceding word added (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 1(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/1/2)
[^c23745111]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "charitable trust" inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 6](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/6)
[^c23745051]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "credit union" inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 1(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/1/3)
[^c23745071]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "excepted group life policy" inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 1(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/1/3)
[^c23745091]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "group life policy" inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 1(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/1/3)
[^c23745131]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "non-charitable trust" inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 6](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/6)
[^c23745171]: Words in [s. 539(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 210(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/210/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745191]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "life annuity" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 210(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/210/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745211]: [S. 539(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 210(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/210/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745231]: [S. 539(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/2/b) substituted for s. 539(2)(b)-(d) (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 25](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/25) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23745251]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): words in definition of "capital redemption policy" substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 45](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/45) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c21611861]: Source-1970 s.394(1), (2); 1975 Sch.2 9(1), (2)
[^c21611881]: Source-1970 s.394(4); 1983 s.18(1) 1975 Sch.2 10
[^c21611891]: Source-1970 s.394(5), (6); 1975 Sch.2 10
[^c22774401]: Words in [s. 540(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/540/4) substituted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 3(2)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/3/2)
[^c22774421]: [S. 540(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/540/5A) inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 3(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/3/3)
[^c21611921]: Source-1982 s.34
[^c22781971]: Words in [s. 540(1)(a)(v)](https://www.legislation.gov.uk/ukpga/1988/1/section/540/1/a/v) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 3(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/3/2)
[^c22781991]: Words in [s. 540(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/540/1/b/ii) inserted (with effect in accordance with s, 83(2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 3(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/3/3)
[^c23745291]: [S. 540(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/540/2) repealed (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 14(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/14/1), [Sch. 43 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/13), Note 2 (with Sch. 34 para. 15)
[^c23745311]: Words in [s. 540(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/540/4) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [75](https://www.legislation.gov.uk/uksi/2005/3229/regulation/75)
[^c22778611]: [S. 541](https://www.legislation.gov.uk/ukpga/1988/1/section/541) extended (retrospectively and with effect in accordance with s. 79(7)(8) of the extending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 79(3)(b)](https://www.legislation.gov.uk/ukpga/1997/16/section/79/3/b)
[^c21611931]: Source-1970 s.395(1); 1975 Sch.2 11(1)
[^c21611941]: Source-1970 s.395 (2), (3)
[^c21611961]: [S. 541(4A)-(4D)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/4A) inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 4(2)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/4/2)
[^c21611971]: Source-1970 s.395(4); 1982 s.34; 1975 Sch.2 10
[^c21611981]: [S. 541(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/5/c) and word inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 4(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/4/3)
[^c21611991]: [1984 c. 43](https://www.legislation.gov.uk/ukpga/1984/43)
[^c22782011]: Words in [s. 541(1)(a)(ii)(b)(ii)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/1/a/ii/b/ii/c/ii) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 4(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/4/2)
[^c22782051]: Words in [s. 541(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/1/d) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 4(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/4/3)
[^c22781811]: [S. 541(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/4) repealed (with effect in accordance with s. 83(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 4(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/4/4), [Sch. 33 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/9), Note
[^c22782851]: Words in [s. 541(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/1/c) inserted (with effect in accordance with [s. 87(11)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/11) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 87(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/3)
[^c22782871]: [S. 541(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/3A) inserted (with effect in accordance with [s. 87(11)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/11) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 87(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/4)
[^c21612001]: Source-1970 s.396(1); 396(1); 1975 Sch.2 9(3), 12
[^c21612011]: Source-1970 s.396(2), (3); 1983 s.18(2); 1975 Sch.2 12
[^c22782071]: Words in [s. 542(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/542/1/c) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 5(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/5/2)
[^c22782091]: Words in [s. 542(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/542/3) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 5(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/5/3)
[^c21612021]: Source-1970 s.397; 1975 Sch.2 13
[^c22782111]: Words in [s. 543(1)(a)(ii)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/543/1/a/ii/b/ii) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 6(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/6/2)
[^c22782141]: Words in [s. 543(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/543/1/c) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 6(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/6/3)
[^c22782891]: Words in [s. 543(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/543/1/b) inserted (with effect in accordance with [s. 87(11)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/11) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 87(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/6)
[^c22782911]: [S. 543(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/543/2A) inserted (with effect in accordance with [s. 87(11)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/11) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 87(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/7)
[^c23745331]: Words in [s. 543(1)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/543/1/a/i) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 212](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/212) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21612031]: Source-1983 Sch.4 1
[^c21612041]: Source-1983 s.18(3), Sch.4 2(1)
[^c21612051]: Source-1983 Sch.4 2(2)
[^c21612061]: Source-1983 Sch.4 2(3)
[^c21612071]: Source-1983 Sch.4 2(4)
[^c23745351]: Words in [s. 544(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/544/6/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 213](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/213) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745371]: Words in [s. 544(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/544/4) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [76](https://www.legislation.gov.uk/uksi/2005/3229/regulation/76)
[^c21612081]: Source-1970 s.398; 1975 Sch.2 14, 9(4)
[^c22782161]: Words in [s. 545(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/545/1/d) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 7](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/7)
[^c23745411]: [S. 545(1)(a)(i)-(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/545/1/a/i) substituted for words in s. 545(1)(a) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 214](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/214) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21612091]: Source-1975 Sch.2 9(5), (8)
[^c21612101]: Source-1975 Sch.2 9(6), (7)
[^c21612111]: Source-1975 Sch.2 9(9)
[^c21612121]: [1984 c. 43](https://www.legislation.gov.uk/ukpga/1984/43)
[^c22782181]: Words in [s. 546(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/546/1/a) renumbered as s. 546(1)(a)(i) (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by virtue of [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para 8(2)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/8/2/a)
[^c22782201]: Words in [s. 546(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/546/1/a) substituted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 8(2)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/8/2/b)
[^c22782221]: [S. 546(1)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/546/1/a/ii) and preceding word inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 8(2)(c)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/8/2/c)
[^c22782241]: [S. 546(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/546/6) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 8(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/8/3)
[^c21612171]: [S. 547(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1/b) substituted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/8) of the amending Act) by Finance Act 1989 (c. 26 ), Sch. 9 para. 5(3)
[^c21612221]: [S. 547(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/8) inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 5(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/5/3)
[^c21612361]: Source-1970 s.399(1); 1972 Sch.24 24
[^c21612441]: [S. 547(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/5A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [Sch. 7 para. 9(1)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/9/1)
[^c21612491]: [S. 547(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/9) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [Sch. 7 para. 9(3)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/9/3)
[^c22775871]: [S. 547](https://www.legislation.gov.uk/ukpga/1988/1/section/547): power to modify conferred (with effect in accordance with s. 56(4) of the affecting Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 56(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/56/3)
[^c22775061]: [S. 547(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/6A) inserted (with effect in accordance with [s. 56(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/56/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 56(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/56/1)
[^c22775101]: [S. 547(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/7A) inserted (with effect in accordance with [s. 76(6)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/6) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 76(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/2/b)
[^c22778951]: [S. 547(1)(d)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1/d/e) inserted (with effect in accordance with [Sch. 14 para. 7(1)(2)(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/1/2/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 1(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/1/3)
[^c22778741]: [S. 547(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/3) repealed (with effect in accordance with Sch. 14 para. 7(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 1(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/1/4), [Sch. 27 Pt. 3(19)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/19), Note
[^c22779011]: [S. 547(5AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/5AA) inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 1(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/1/7)
[^c22779031]: [S. 547(9)-(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/9) inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 1(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/1/8)
[^c22779091]: [S. 547(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/14) inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 1(10)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/1/10)
[^c22782301]: Words in [s. 547(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1) substituted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 11(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/11/2)
[^c22782321]: [S. 547(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1A) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 11(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/11/3)
[^c22782341]: [S. 547(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/4) substituted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 11(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/11/4)
[^c23745551]: Word in [s. 547(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1/b) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 7(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/7/3)
[^c23745571]: [S. 547(1)(cc)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1/cc) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 7(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/7/4)
[^c23745651]: [S. 547(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/4A) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 7(8)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/7/8)
[^c23745751]: [S. 547(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/9A) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 7(11)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/7/11)
[^c23745891]: [S. 547(1)(a)(c)-(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1/a/c) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 216(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/216/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745831]: Words in [s. 547(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 216(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/216/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745851]: Word in [s. 547(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 216(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/216/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745871]: Word in [s. 547(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 216(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/216/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745951]: [S. 547(4A)-(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/4A)(9)-(14) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 216(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/216/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21612501]: Source-1975 Sch.2 16; 1976 s.35
[^c22774461]: Words in [s. 548(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/548/1/c) inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/6/2/b)
[^c22774481]: Words in [s. 548(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/548/1) substituted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 6(2)(c)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/6/2/c)
[^c22774501]: [S. 548(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/548/3A) inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 6(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/6/3)
[^c22780711]: [S. 548(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/548/3/a) substituted (with effect in accordance with [Sch. 4 para. 18(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 16](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/16)
[^c23746361]: Words in [s. 548(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/548/1/c) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 9(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/9/3)
[^c23746381]: [S. 548(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/548/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 218](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/218) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747201]: Words in [s. 552(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/6/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/4/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747241]: Words in [s. 552(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/7/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747261]: Words in [s. 552(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/7/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747281]: Words in [s. 552(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/9/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747301]: Words in [s. 552(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/9/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747381]: Words in [s. 552(5)(f)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/f/i) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 112](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/112) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21612761]: Source-1984 Sch.15 Part III; 1984 s.76(5); 1985 s.51
[^c22775181]: [S. 553](https://www.legislation.gov.uk/ukpga/1988/1/section/553): power to modify conferred (with effect in accordance with s. 56(4) of the affecting Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 56(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/56/3)
[^c22797631]: Words in [s. 553(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/2) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(8)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/8/a) (with saving)
[^c22774921]: [S. 553(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/6A) inserted (with effect in accordance with [s. 56(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/56/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 56(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/56/2)
[^c22775161]: [S. 553(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/7A) inserted (with effect in accordance with [s. 76(6)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/6) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 76(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/3)
[^c22776431]: Words in [s. 553(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/10) substituted (with effect in accordance with [s. 168(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/168/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 168(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/168/5)
[^c22779501]: Words in [s. 553(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/3) substituted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 4(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/4/2)
[^c22779521]: [S. 553(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/5A) inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 4(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/4/3)
[^c22779541]: [S. 553(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/10): definition of "foreign institution" inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 4(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/4/4)
[^c22782561]: Words in [s. 553(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/3) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/83/2) of the amending Act) by Finance Act 2001, (c. 9), Sch. 28 para. 17(2)
[^c22782601]: Words in [s. 553(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/10) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 17(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/17/4)
[^c23748361]: [S. 553(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 226(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/226/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748401]: [S. 553(6)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 226(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/226/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748381]: [S. 553(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/10): words in definition of "foreign institution" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 226(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/226/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22782401]: [S. 547A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/2) substituted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para 12](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/12)
[^c23746121]: Word in [s. 547A(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/3/a) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/2)
[^c23746141]: Word in [s. 547A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/3/b) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/3)
[^c23746161]: [S. 547A(3)(cc)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/3/cc) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/4)
[^c23746181]: Words in [s. 547A(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/3/d) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/5)
[^c23746201]: [S. 547A(3)(d)(ia)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/3/d/ia) substituted for word at the end of s. 547A(3)(d)(i) (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(6)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/6)
[^c23746221]: Word in [s. 547A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/6) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(7)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/7)
[^c23746241]: Word in [s. 547A(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/10/a) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(8)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/8/a)
[^c23746261]: Word in [s. 547A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/10) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(8)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/8/b)
[^c23746281]: [S. 547A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 217(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/217/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23746321]: [S. 547A(15)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/15): definition of "foreign institution" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 217(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/217/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23746301]: [S. 547A(16)(17)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/16/17) substituted for s. 547A(16) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 217(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/217/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22782481]: Words in [s. 551A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/551A/1/b) substituted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 16](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/16)
[^c23746501]: Words in [s. 551A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/551A/1/b) substituted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 11](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/11)
[^c23748471]: [S. 553A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/553A/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 227(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/227/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748491]: [S. 553A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/553A/4): words in definition of "new non-resident policy" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 227(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/227/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748511]: [S. 553B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/553B/2): words in definition of "overseas policy" substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 46(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/46/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23748531]: Words in [s. 553B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/553B/3) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 46(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/46/3) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23748551]: Words in [s. 553C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748571]: Words in [s. 553C(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748601]: Words in [s. 553C(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748621]: Words in [s. 553C(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748661]: Word at the end of s. 553C(4)(b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748641]: Word in [s. 553C(4)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/4/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(5)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748701]: [S. 553C(4)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/4/d) and preceding word repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(5)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/5/d), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748681]: [S. 553C(9A)-(9E)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/9A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22782931]: Words in [s. 546B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/546B/1) inserted (with effect in accordance with [s. 87(12)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/12) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 87(9)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/9)
[^c22782951]: [S. 546B(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/546B/1A) inserted (with effect in accordance with [s. 87(12)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/12) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 87(10)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/10)
[^c23745431]: Words in [s. 546C(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/546C/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 215(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/215/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745451]: Word in [s. 546C(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/546C/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 215(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/215/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745491]: [S. 546C(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/546C/8/a) and word repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 215(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/215/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745471]: Words in [s. 546C(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/546C/8/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 215(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/215/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745511]: Words in [s. 546C(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/546C/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 215(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/215/e), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745271]: [S. 539A(8)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/539A/8/ii) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 111](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/111) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21612901]: *For regulations see* Part III Vol.5 (*under* “*Entertainers and sportsmen*”).
[^c21612911]: Source-1986 Sch.11 6(4) 7(6)
[^c21612921]: Source-1986 Sch.11 6(2), 7(5)
[^c23749111]: [S. 556(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/556/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 230(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/230/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23749071]: [S. 556(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/556/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 230(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/230/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23749131]: [S. 556(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/556/3/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 230(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/230/4/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23749091]: Words in [s. 556(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/556/3/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 230(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/230/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23749151]: [S. 556(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/556/4A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 114(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/114/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23749171]: Words in [s. 556(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/556/5) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 114(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/114/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21612971]: Source-1986 Sch.11 10, 11(2)
[^c21612981]: *For regulations see* Part III Vol.5 (*under* “*Entertainers and sportsmen*”).
[^c21612991]: Source-1986 Sch.11 11(1), (3)
[^c23749581]: Words in [s. 568(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/568/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 232(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/232/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23749661]: Words in [s. 570(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/570/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 233](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/233) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23749701]: Words in [s. 571(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/571/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 234](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/234) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614411]: Source-1970 s.411(1)-(8); 1985 s.43; 1971 s.50(8)
[^c22774241]: [S. 577(2)(4)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/2/4/6) repealed (with effect in accordance with s. 72(1) of the repealing Act) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [Sch 14 Pt. 4](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14/part/4)
[^c21614461]: Source-1980 s.54, 118(3); 1983 s.46(3)(b)
[^c21614471]: Source-1970 s.411(9)
[^c22780041]: Words in [s. 577(1)(a)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/a/9) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22778801]: Words in [s. 577(1)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/9) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c22781671]: Word at the end of s. 577(1)(a) inserted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 51(1)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/51/1/a)
[^c22781381]: Words in [s. 577(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/7/a) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 51(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/51/2), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781411]: Words in [s. 577(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/10) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 51(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/51/3), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22782731]: Words in [s. 577(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/8/b) substituted (with application in accordance with [s. 73(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/73/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 73(2)(b)](https://www.legislation.gov.uk/ukpga/2001/9/section/73/2/b)
[^c22782751]: [S. 577(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/8A) inserted (with application in accordance with [s. 73(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/73/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 73(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/73/3)
[^c23754921]: [S. 577(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/b) and preceding word repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 62(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/62/2), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22781351]: [S. 577(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/c) and preceding word repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 51(1)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/51/1/b), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c23754941]: Words in [s. 577(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/3) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 62(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/62/3), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23754991]: Words in [s. 577(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/a) re-numbered as s. 577(1)(a)(i) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 23(2)(a)
[^c23754961]: [S. 577(1)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/a/ii) and preceding word inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 23(2)(b)
[^c23755011]: Words in [s. 577(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755031]: Words in [s. 577(1)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/a/i) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755051]: Words in [s. 577(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755071]: Words in [s. 577(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755101]: Words in [s. 577(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755121]: Words in [s. 577(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755141]: Words in [s. 577(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755161]: Words in [s. 577(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755181]: Words in [s. 577(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755201]: Words in [s. 577(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(4)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/4/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755221]: Words in [s. 577(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/7/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755241]: Words in [s. 577(7)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/7/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(5)(b)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/5/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755261]: Words in [s. 577(7)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/7/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(5)(b)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/5/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755281]: Words in [s. 577(7)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/7/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(5)(b)(iii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/5/b/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755311]: Words in [s. 577(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/8/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755341]: Words in [s. 577(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/8/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755421]: [S. 577(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/8A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/7), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755361]: Words in [s. 577(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/10) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(8)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/8/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755381]: Words in [s. 577(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/10) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(8)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/8/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755401]: Words in [s. 577(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/10) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(8)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/8/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614491]: Source-1970 s.376
[^c23755531]: Words in [s. 578(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/578/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 237](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/237) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22775891]: [S. 579](https://www.legislation.gov.uk/ukpga/1988/1/section/579) modified (with effect in accordance with s. 39(3)-(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 23](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/23)
[^c21614501]: Source-1970 s.412(1)-(6)
[^c22776841]: [S. 579(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/2/a) repealed (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/1996/18/schedule/3/part/1)
[^c22776861]: Word in [s. 579(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/2/b) repealed (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/1996/18/schedule/3/part/1)
[^c22777001]: Words in [s. 579(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/5/a) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(2)(a)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/2/a)
[^c22776911]: Words in [s. 579(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/5/b) repealed (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/1996/18/schedule/3/part/1)
[^c22777051]: Words in [s. 579(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/6) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(2)(b)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/2/b)
[^c22777781]: Words in [s. 579(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/6) substituted (24.9.1996) by [The Employment Rights (Northern Ireland) Order 1996 (S.I. 1996/1919 (N.I. 16))](https://www.legislation.gov.uk/nisi/1996/1919), [arts. 1(2)](https://www.legislation.gov.uk/nisi/1996/1919/article/1/2), [255](https://www.legislation.gov.uk/nisi/1996/1919/article/255), [Sch. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/1) (with [Sch. 2 para. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/2/paragraph/1))
[^c22780081]: Words in [s. 579(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/2) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22778861]: [S. 579(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/4) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 43](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/43), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 para. 73)
[^c22780091]: Words in [s. 579(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/5) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 43](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/43) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23755611]: [S. 579(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/1) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 63](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/63), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23755631]: [S. 579(3)(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/3/3A) substituted for s. 579(3) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 26(2)
[^c23755651]: Words in [s. 579(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755671]: Words in [s. 579(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755721]: Words in [s. 579(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755741]: Words in [s. 579(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755761]: Words in [s. 579(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755781]: Words in [s. 579(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755801]: Words in [s. 579(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/6/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614531]: Source-1970 s.412(7), (8)
[^c22777661]: Words in [s. 580(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/1/a) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(3)(a)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/3/a)
[^c22777681]: Words in [s. 580(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/1/b) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(3)(b)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/3/b)
[^c22777721]: Words in [s. 580(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/1/c) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(3)(c)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/3/c)
[^c22776951]: [S. 580(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/2) repealed (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/1996/18/schedule/3/part/1)
[^c22777801]: Words in [s. 580(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/1/a) substituted (24.9.1996) by [The Employment Rights (Northern Ireland) Order 1996 (S.I. 1996/1919 (N.I. 16))](https://www.legislation.gov.uk/nisi/1996/1919), [arts. 1(2)](https://www.legislation.gov.uk/nisi/1996/1919/article/1/2), [255](https://www.legislation.gov.uk/nisi/1996/1919/article/255), [Sch. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/1) (with [Sch. 2 para. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/2/paragraph/1))
[^c22777821]: Words in [s. 580(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/1/c) substituted (24.9.1996) by [The Employment Rights (Northern Ireland) Order 1996 (S.I. 1996/1919 (N.I. 16))](https://www.legislation.gov.uk/nisi/1996/1919), [arts. 1(2)](https://www.legislation.gov.uk/nisi/1996/1919/article/1/2), [255](https://www.legislation.gov.uk/nisi/1996/1919/article/255), [Sch. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/1) (with [Sch. 2 para. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/2/paragraph/1))
[^c23755831]: [S. 580(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/3) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 64](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/64), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21614601]: Source-1970 s.417; 1971 Sch.6 47
[^c22783181]: [S. 582(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/3A) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 50](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/50)
[^c23755971]: [S. 582](https://www.legislation.gov.uk/ukpga/1988/1/section/582) modified (with effect in accordance with s. 56 of the modifying Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 2 para. 7](https://www.legislation.gov.uk/ukpga/2005/7/schedule/2/paragraph/7)
[^c23755871]: Words in [s. 582(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 243(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/243/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755891]: Words in [s. 582(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/1/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 243(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/243/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756001]: Words in [s. 582(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/1/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 134(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/134/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23755981]: [S. 582(2)(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/2/2A) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 134(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/134/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21614631]: *See* 1979(C) s.13—*delayed remittances of capital gains.*
[^c21614641]: [S. 584(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/10) power exercised: 30.9.1993 appointed by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/b)
[^c21614651]: Source-1970 s.418(1), (2), (2A), (2B); 1987 (No.2) Sch.6 6
[^c21614681]: Source-1972 s.124(2)(a)
[^c21614691]: [1978 c. 18](https://www.legislation.gov.uk/ukpga/1978/18).
[^c21614761]: Source-1987 (No.2) Sch.6 6(5)
[^c22776641]: [S. 584(2)(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/2/2A) substituted for s. 584(2)(3) (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 33(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/33/2)
[^c22776661]: Words in [s. 584(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/4) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 33(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/33/3)
[^c22776681]: Words in [s. 584(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/5) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 33(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/33/4)
[^c22776701]: [S. 584(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/6) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 33(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/33/5)
[^c22776741]: Words in [s. 584(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/8) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 33(7)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/33/7)
[^c23756041]: Words in [s. 584(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756061]: Words in [s. 584(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756081]: Words in [s. 584(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756121]: Words in [s. 584(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756141]: Word in [s. 584(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756161]: Words in [s. 584(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756181]: Words in [s. 584(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756201]: [S. 584(6)(a)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/6/a/7) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614791]: Source-1970 s.420
[^c23756281]: Words in [s. 586(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/586/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 247](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/247) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614801]: Source-1970 s.421
[^c23756341]: Words in [s. 587(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/587/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 248(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/248/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756301]: Words in [s. 587(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/587/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 248(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/248/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756321]: Words in [s. 587(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/587/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 248(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/248/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22775921]: [S. 588](https://www.legislation.gov.uk/ukpga/1988/1/section/588) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para 24](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/24) (the modification consisting of the insertion of a s. 588(4A) for limited purposes, and that s. 588(4A) was repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note)
[^c21614821]: Source-1987 s.35(1)-(7)
[^c22780121]: Word in [s. 588(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/3) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22780811]: Words in [s. 588(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5) inserted (with effect in accordance with [s. 93(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/93/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 11 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/11/paragraph/2)
[^c23761531]: [S. 588(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/1) substituted for s. 588(1)(2) (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 67(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/67/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23761551]: [S. 588(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/3/a/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 67(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/67/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23761611]: [S. 588(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5/a) and word repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 67(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/67/4), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23761571]: Words in [s. 588(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 67(5)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/67/5) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23761591]: Words in [s. 588(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/6) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 67(6)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/67/6) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23762051]: [S. 588(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/4) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 28(2)
[^c23762071]: [S. 588(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 28(3)
[^c23762091]: Word in [s. 588(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762111]: Words in [s. 588(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762131]: Words in [s. 588(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762161]: Words in [s. 588(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762181]: Word in [s. 588(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762241]: Words in [s. 588(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/4/d), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762201]: Words in [s. 588(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(4)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/4/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762221]: Word in [s. 588(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22774861]: [S. 577A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/1A) inserted (with application in accordance with [s. 141(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/141/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 141(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/141/2)
[^c22774881]: Words in [s. 577A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/2) substituted (with application in accordance with s. 141(4)) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 141(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/141/3)
[^c22780061]: Words in [s. 577A(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/1/1A) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22778831]: Words in [s. 577A(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/1/1A) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c22783101]: Words in [s. 577A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/1) renumbered as s. 577A(1)(a) (with effect in accordance with [s. 68(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/68/2) of the amending Act) by virtue of [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 68(1)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/68/1/a)
[^c22783121]: [S. 577A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/1/b) and preceding word inserted (with effect in accordance with [s. 68(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/68/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 68(1)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/68/1/b)
[^c23755461]: Words in [s. 577A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/2) re-numbered as s. 577A(2)(a) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 24(2)(a)
[^c23755441]: [S. 577A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/2/b) and preceding word inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 24(2)(b)
[^c23755481]: Words in [s. 577A(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/1/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 236(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/236/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755511]: Words in [s. 577A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 236(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/236/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22775941]: [S. 589A](https://www.legislation.gov.uk/ukpga/1988/1/section/589A) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para 25](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/25) (the modification consisting of the insertion of a s. 589A(9A) for limited purposes, and that s. 589A(9A) was repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note)
[^c22780131]: Word in [s. 589A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/8) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23762311]: [S. 589A(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/1/1A) substituted for s. 589A(1) (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 69(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/69/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23762331]: [S. 589A(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/2) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 69(3)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/69/3/a), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23762391]: [S. 589A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/10) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 69(3)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/69/3/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23762411]: [S. 589A(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/9) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 29(2)
[^c23762431]: Words in [s. 589A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 251(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/251/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762451]: Words in [s. 589A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 251(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/251/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762471]: Words in [s. 589A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 251(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/251/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762551]: Words in [s. 589B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/589B/5) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 70(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/70/3), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22781131]: [S. 587B](https://www.legislation.gov.uk/ukpga/1988/1/section/587B) modified (with effect in accordance with reg. 30AA(3) of the modifying reg.) by the [Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 30AA(1)(2)](https://www.legislation.gov.uk/uksi/1997/473/regulation/30AA/1/2) (as inserted (25.10.2000) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2000 (S.I. 2000/2710)](https://www.legislation.gov.uk/uksi/2000/2710), [regs. 1](https://www.legislation.gov.uk/uksi/2000/2710/regulation/1), [5](https://www.legislation.gov.uk/uksi/2000/2710/regulation/5))
[^c22783261]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): word in definition of "qualifying investment" repealed (with effect in accordance with s. 97(6) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/1), [Sch. 40 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/15), Note
[^c22783281]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): in definition of "qualifying investment", para. (e) and preceding word inserted (with effect in accordance with [s. 97(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/1)
[^c22783301]: [S. 587B(9A)-(9E)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9A) inserted (with effect in accordance with [s. 97(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/2)
[^c22783321]: [S. 587B(9E)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9E/a) modified (temp.) (with effect in accordance with s. 97(6) of the modifying Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(7)(8)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/7/8)
[^c22783341]: [S. 587B(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/12) inserted (with effect in accordance with [s. 97(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/3)
[^c23756541]: [S. 587B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/4) substituted (with effect in accordance with [s. 139(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 139(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/2)
[^c23756561]: [S. 587B(8A)-(8G)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/8A) inserted (with effect in accordance with [s. 139(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 139(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/3)
[^c23756601]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): definition of "obligation" inserted (with effect in accordance with [s. 139(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 139(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/4)
[^c23756661]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): definition of "offshore fund" substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 10](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/10) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23756621]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): definition of "related liabilities" inserted (with effect in accordance with [s. 139(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 139(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/4)
[^c23756641]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): definition of "value of the net benefit to the charity" inserted (with effect in accordance with [s. 139(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 139(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/4)
[^c23756581]: [S. 587B(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/10A) inserted (with effect in accordance with [s. 139(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 139(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/5)
[^c23756751]: [S. 587B](https://www.legislation.gov.uk/ukpga/1988/1/section/587B) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2005/2014/regulation/21); and that modifying reg. 21 is omitted (14.8.2007 with effect in accordance with reg. 1(2) of the revoking S.I.) by virtue of [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [20](https://www.legislation.gov.uk/uksi/2007/2134/regulation/20)
[^c23756711]: Words in [s. 587B(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/2/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 249(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/249/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756761]: Words in [s. 587B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23756781]: Words in [s. 587B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23757151]: [S. 587B(2)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/2/a/i) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/3/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23757171]: Words in [s. 587B(2)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/2/a/ii) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/3/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23757191]: Words in [s. 587B(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/2/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(3)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/3/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23757211]: Words in [s. 587B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(3)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/3/d), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23757231]: [S. 587B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/3) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23756801]: Words in [s. 587B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(5)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23756821]: Word in [s. 587B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(5)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23756841]: Word in [s. 587B(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/6) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23756861]: Word in [s. 587B(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/7/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23756901]: Words in [s. 587B(8B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/8B/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(9)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/9/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23756921]: Word in [s. 587B(8B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/8B/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(9)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/9/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23757061]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): definition of "authorised unit trust" substituted for definition of "authorised unit trust" and "open-ended investment company" (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(10)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/10/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23757081]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): words in definition of "charity" substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(10)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/10/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23757111]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): word in definition of "the incidental costs of making the disposal to the person making it" substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(10)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/10/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23757131]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): definition of "open-ended investment company" inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(10)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/10/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23756941]: Words in [s. 587B(9B)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9B) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(11)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/11/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23756971]: Words in [s. 587B(9B)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9B) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(11)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/11/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23757001]: Words in [s. 587B(9C)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9C) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(12)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/12/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23757021]: Words in [s. 587B(9C)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9C) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(12)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/12/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23757041]: Words in [s. 587B(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/12) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 137(13)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/137/13) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23757311]: [S. 587B(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/8) repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 16(3)(f)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/16/3/f), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23757291]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): definition of "life assurance business" repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by virtue of [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 14(2)(c)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/14/2/c), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23757251]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): words in definition of "qualifying investment" substituted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 7(6)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/7/6/a)
[^c23757271]: [S. 587B(9ZA)(9ZB)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9ZA/9ZB) inserted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 7(6)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/7/6/b)
[^c22782771]: Word at the end of s. 578A(1)(a) inserted (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 12 Pt. 2 para. 11(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/12/part/2/paragraph/11/a)
[^c22781871]: [S. 578A(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/578A/1/c) and preceding word repealed (with effect in accordance with s. 57(4), Sch. 33 Pt. 2(1) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 12 Pt. 2 para. 11(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/12/part/2/paragraph/11/b), [Sch. 33 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/1)
[^c22783161]: [S. 578A(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/578A/2/3) modified (with effect in accordance with s. 80(2) of the 2002 amending Act) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 93A(4)(a)(6)(a)](https://www.legislation.gov.uk/ukpga/1993/34/section/93A/4/a/6/a) (as inserted by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 24 para. 4](https://www.legislation.gov.uk/ukpga/2002/23/schedule/24/paragraph/4))
[^c22783141]: [S. 578A(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/578A/2A/2B) inserted (with effect in accordance with [s. 60(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/60/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 60(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/60/1)
[^c23755551]: Words in [s. 578A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/578A/1) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 25(2)
[^c23755571]: [S. 578A(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/578A/2/bb) and preceding word inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 25(3)
[^c23755591]: Words in [s. 578A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/578A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 238](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/238) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23761461]: [S. 587C(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/587C/2/3) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 139(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/139/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23761341]: Word in [s. 587C(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/587C/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 139(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/139/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23761361]: Word in [s. 587C(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/587C/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 139(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/139/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23761381]: Word in [s. 587C(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/587C/6) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 139(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/139/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23761421]: [S. 587C(6)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/587C/6/a/b) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 139(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/139/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23761401]: Words in [s. 587C(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/587C/8) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 139(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/139/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23761441]: [S. 587C(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/587C/8A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 139(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/139/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23761491]: [S. 587C(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/587C/10/a) and word repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 139(7)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/139/7/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23761511]: Words in [s. 587C(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/587C/10/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 139(7)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/139/7/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23761291]: [S. 587BA(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/587BA/12) repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23761311]: [S. 587BA(13)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/587BA/13/b) and preceding word repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c21614081]: Source-1981 s.36(1)-(5)
[^c21614091]: Source-1981 s.36(6); 1980 s.37(3)
[^c22781111]: [S. 573(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/573/2) restricted (with effect in accordance with s. 63(4) of the affecting Act) by Finance Act 2000, Sch. 15 para. 70(2)
[^c22780901]: Words in [s. 573(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/573/4) substituted (with effect in accordance with [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 3(2)(a)(i)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/3/2/a/i)
[^c22780961]: Words in [s. 573(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/573/4) inserted (with effect in accordance with [s. 63(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 3(2)(a)(iv)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/3/2/a/iv)
[^c22780981]: [S. 573(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/573/4A) inserted (with effect in accordance with [s. 63(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 3(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/3/2/b)
[^c23753471]: Words in [s. 573(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/573/4) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 117(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/117/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22774841]: [Ss. 574-576](https://www.legislation.gov.uk/ukpga/1988/1/section/574) applied (with effect in accordance with s. 93(11) of the affecting Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 12 para. 3(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12/paragraph/3/3)
[^c21614221]: Source-1980 s.37(6)-(8); 1981 s.36(6)
[^c21614231]: Words in [s. 575(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/1/c) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation and Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(34)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/34/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21614241]: Words in [s. 575(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/2) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation and Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(34)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/34/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21614261]: Words in [s. 575(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation and Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(34)(c)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/34/c) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22781001]: [S. 575(1)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/1/ba) inserted (with effect in accordance with [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 3(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/3/3)
[^c23753771]: Words in [s. 575(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 119(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/119/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23753791]: Word in [s. 575(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 119(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/119/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23753811]: Words in [s. 575(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 119(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/119/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23753891]: Words in [s. 575(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 119(4)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/119/4/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23753931]: Words in [s. 575(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/3) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 119(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/119/5), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23753851]: [S. 575(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/4) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 119(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/119/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22774851]: [Ss. 574-576](https://www.legislation.gov.uk/ukpga/1988/1/section/574) applied (with effect in accordance with s. 93(11) of the affecting Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 12 para. 3(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12/paragraph/3/3)
[^c22779921]: Words in [s. 576(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1) inserted (with effect in accordance with [s. 80(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/5/a) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 80(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/1)
[^c22779941]: [S. 576(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1A/1B) inserted (with effect in accordance with [s. 80(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/5/a) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 80(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/2)
[^c22779961]: [S. 576(4)-(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/4) substituted for s. 576(4) (with effect in accordance with [s. 80(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/5/b) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 80(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/3)
[^c22781041]: [S. 576(1C)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1C) inserted (with application in accordance with [s. 63(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 3(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/3/4/b)
[^c23754031]: Words in [s. 576(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 120(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/120/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754051]: Words in [s. 576(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 120(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/120/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754071]: Words in [s. 576(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 120(3)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/120/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754091]: Words in [s. 576(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 120(3)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/120/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754181]: Words in [s. 576(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 120(2)(e)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/120/2/e), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754201]: [S. 576(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1A/1B) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 120(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/120/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754161]: [S. 576(1D)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1D) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 120(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/120/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754231]: [S. 576(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 120(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/120/6), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754601]: [S. 576B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/576B/9) inserted (6.4.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 16 paras. 11(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/11/3), [13](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/13)
[^c23754621]: [S. 576D(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/576D/3A) inserted (retrospective to 6.4.2007 and with effect in accordance with art. 1(2) of the amending S.I.) by [The Income Tax Act 2007 (Amendment) (No. 2) Order 2009 (S.I. 2009/2859)](https://www.legislation.gov.uk/uksi/2009/2859), [art. 2(2)](https://www.legislation.gov.uk/uksi/2009/2859/article/2/2)
[^c23754641]: Words in [s. 576H(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/576H/2/a) substituted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 7(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/7/5)
[^c23754681]: [S. 576K(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/576K/4) inserted (6.4.2007) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 16 paras. 11(4)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/16/paragraph/11/4), [13](https://www.legislation.gov.uk/ukpga/2008/9/schedule/16/paragraph/13)
[^c21616431]: [1939 c. 49](https://www.legislation.gov.uk/ukpga/1939/49).
[^c23484131]: [S. 613(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/613/1/2) (which were repealed by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 83](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/83), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1)) restored (retrospectively) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 10 para. 63](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/63)
[^c21617661]: Source-1970 s.219(3)
[^c21617671]: Words in [s. 617(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/3/a) substituted (1.7.1992) by [Social Security (Consequential Provisions) Act 1992 (c. 6)](https://www.legislation.gov.uk/ukpga/1992/6), [ss. 4](https://www.legislation.gov.uk/ukpga/1992/6/section/4), [7(2)](https://www.legislation.gov.uk/ukpga/1992/6/section/7/2), [Sch. 2 para. 93(4)](https://www.legislation.gov.uk/ukpga/1992/6/schedule/2/paragraph/93/4)
[^c21617681]: Words in [s. 617(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/3/b) substituted (1.7.1992) by [Social Security (Consequential Provisions) (Northern Ireland) Act 1992 (c. 9)](https://www.legislation.gov.uk/ukpga/1992/9), [ss. 4](https://www.legislation.gov.uk/ukpga/1992/9/section/4), [7(2)](https://www.legislation.gov.uk/ukpga/1992/9/section/7/2), [Sch. 2 para. 33(4)](https://www.legislation.gov.uk/ukpga/1992/9/schedule/2/paragraph/33/4)
[^c22889541]: [S. 617(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/5) repealed (with effect in accordance with s. 147(3) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 147(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/147/1), [Sch. 41 Pt. 5(15)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/15), Note
[^c22890381]: [S. 617(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/4) substituted (with effect in accordance with [s. 65(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/65/5) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 65(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/65/3)
[^c22893901]: Words in [s. 617(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/4) substituted (with effect in accordance with [s. 61(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/61/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 61(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/61/1)
[^c22899941]: [S. 617(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/6) repealed (24.4.2000 for specified purposes and 9.4.2001 otherwise) by [Welfare Reform and Pensions Act 1999 (c. 30)](https://www.legislation.gov.uk/ukpga/1999/30), [s. 89(1)](https://www.legislation.gov.uk/ukpga/1999/30/section/89/1), [Sch. 8 para. 1(3)](https://www.legislation.gov.uk/ukpga/1999/30/schedule/8/paragraph/1/3), [Sch. 13 Pt. 5](https://www.legislation.gov.uk/ukpga/1999/30/schedule/13/part/5); [S.I. 2000/1047](https://www.legislation.gov.uk/uksi/2000/1047), [art. 2(2)(a)](https://www.legislation.gov.uk/uksi/2000/1047/article/2/2/a), [Sch. Pt. 1](https://www.legislation.gov.uk/uksi/2000/1047/schedule/part/1)
[^c23481861]: [S. 617(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/1/2) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 87(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/87/2), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482271]: [S. 617(4)(d)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/4/d/e) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 87(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/87/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23483111]: Words in [s. 617(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/4/b) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004, Sch. para. 31(2)
[^c23483341]: Words in [s. 617(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 262(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/262/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483361]: Words in [s. 617(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 262(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/262/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483381]: Word at the end of s. 617(4)(b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 262(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/262/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483221]: [S. 617(4)(d)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/4/d/e) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 262(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/262/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483401]: [S. 617(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 262(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/262/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21619331]: Source-1970 s.230(1)
[^c21619341]: Source-1970 s.230(2A); 1970(F) Sch.4 8
[^c21619351]: Source-1970 s.230(2)(a)-(c)
[^c21619361]: Source-1970 s.230(2)(d), (2A); 1970(F) Sch.4 8
[^c21619371]: Source-1970 s.230(3)-(5)
[^c21619381]: [S. 656(7)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/656/7) inserted (retrospectively) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 76(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/76/1)
[^c23484021]: Words in [s. 656(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/656/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 268(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/268/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23484041]: Words in [s. 656(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/656/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 268(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/268/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23484061]: Words in [s. 656(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/656/5/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 268(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/268/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21619391]: Source-1970 s.230(6), (7); 1978 s.26(4); 1987 (No.2), s.41(3)
[^c23484111]: Words in [s. 657(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/657/2/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 269](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/269) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23486281]: Words in [s. 657(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/657/2/b) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 27(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/27/2) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23486301]: [S. 657(2)(d)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/657/2/d/e) substituted for s. 657(2)(d)-(f) (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 27(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/27/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23486451]: Words in [s. 657(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/657/2/b) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 141](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/141) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21619401]: Source-1970 s.231
[^c21619411]: *For regulations see* Part III Vol.5 (*under* “*Life annuities, purchased*”).
[^c21619421]: 1989 s.170(4)(c)*in relation to things done or omitted to be done on or after* 27*July* 1989.*Previously* “£500”.
[^c23483441]: Words in [s. 658(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/658/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 270(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/270/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483271]: Words in [s. 658(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/658/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 270(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/270/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483461]: [S. 658(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/658/6) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 270(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/270/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23486471]: Words in [s. 658(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/658/4/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 142](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/142), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21620031]: 1989 s.109(1).
[^c23766771]: Words in [s. 687A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/687A/1/a) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 18](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/18), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23766791]: [S. 687A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/687A/1/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 146(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/146/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23766811]: Words in [s. 687A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/687A/2/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 146(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/146/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23766831]: Words in [s. 687A(3)(a)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/687A/3/a/iii) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 146(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/146/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23766851]: Words in [s. 687A(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/687A/3/c) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 146(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/146/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23313881]: Words in [s. 689B(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/1/a) inserted (with effect in accordance with [Sch. 4 para. 16(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 16(2)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/2/a)
[^c23313901]: Words in [s. 689B(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/1/b) inserted (with effect in accordance with [Sch. 4 para. 16(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 16(2)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/2/b)
[^c23313921]: [S. 689B(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/1/c) and preceding word added (with effect in accordance with [Sch. 4 para. 16(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 16(2)(c)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/2/c)
[^c23313981]: [S. 689B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/2A) inserted (with effect in accordance with [Sch. 4 para. 16(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 16(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/4)
[^c23767651]: [S. 689B(2)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/2/a) substituted for s. 689(2)(za)-(c) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 280(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/280/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23767671]: [S. 689B(2A)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/2A/a/b) substituted for words in s. 689(2A) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 280(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/280/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23767691]: [S. 689B(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/2B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 280(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/280/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23767731]: Words in [s. 689B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/1) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 20](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/20), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23767751]: Words in [s. 689B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 148(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/148/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767791]: [S. 689B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/4) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 148(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/148/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23767771]: [S. 689B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/5) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 148(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/148/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21621881]: Source-1970 s.426; 1971 Sch.6 52
[^c21621891]: Words in [s. 695(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/4/a) substituted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 11(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/11/1), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21621901]: *See* 1974 s.44(4) and Sch.7 para.9(1)(2)—*development gains to be excluded from aggregate income and United Kingdom tax thereon to be left out of account.*
[^c22901391]: Words in [s. 695(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/2) repealed (with effect in accordance with [Sch. 18 para. 2(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/2/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 2(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/2/1), [Sch. 29 Pt. 8(10)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/10)
[^c22901371]: [S. 695(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/3) substituted (with effect in accordance with [Sch. 18 para. 2(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/2/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 2(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/2/1)
[^c23768011]: Words in [s. 695(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768031]: Words in [s. 695(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768051]: Word in [s. 695(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768071]: Words in [s. 695(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768101]: Words in [s. 695(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768121]: Word in [s. 695(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768141]: Words in [s. 695(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768161]: Words in [s. 695(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768181]: Word in [s. 695(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768201]: Words in [s. 695(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768221]: Words in [s. 695(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/4/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(5)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768391]: Words in [s. 695(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/4/b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(5)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/5/d), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768241]: Word in [s. 695(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/5/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768261]: Words in [s. 695(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/5/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768281]: Words in [s. 695(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768311]: Words in [s. 695(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/5/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(6)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/6/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768331]: Words in [s. 695(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(7)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768351]: Words in [s. 695(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(7)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768411]: Words in [s. 695(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(7)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/7/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768371]: [S. 695(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(8)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/8) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21621921]: Source-1970 s.427; 1971 Sch.6 53
[^c22901411]: [S. 696(3)-(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3) substituted for s. 696(3) (with effect in accordance with [Sch. 18 para. 3(3)(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/3/3/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 3(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/3/1)
[^c21621941]: Words in [s. 696(3)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3) substituted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 11(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/11/1), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c22901431]: [S. 695(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/5) substituted (with effect in accordance with [Sch. 18 para. 3(3)(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/3/3/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 3(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/3/2)
[^c23768431]: Words in [s. 696(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768451]: Words in [s. 696(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768491]: Words in [s. 696(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/2) added (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768511]: Words in [s. 696(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768531]: Word in [s. 696(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768551]: Words in [s. 696(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768571]: Words in [s. 696(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768601]: Words in [s. 696(3A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3A/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768621]: Words in [s. 696(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(5)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768641]: Words in [s. 696(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3B) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768671]: Words in [s. 696(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3B) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768701]: Words in [s. 696(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3B) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768721]: Words in [s. 696(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3B) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(6)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/6/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768741]: Words in [s. 696(3B)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3B/a/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(6)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/6/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768771]: Words in [s. 696(3B)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3B/a/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(6)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/6/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768811]: Words in [s. 696(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768831]: Words in [s. 696(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(8)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/8/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768861]: Words in [s. 696(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(8)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/8/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768881]: Word in [s. 696(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(9)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/9/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768901]: Words in [s. 696(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(9)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/9/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769031]: Words in [s. 696(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(9)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/9/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768921]: Word in [s. 696(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/7/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(10)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/10/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768941]: Words in [s. 696(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/7/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(10)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/10/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768981]: Words in [s. 696(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(10)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/10/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768961]: Words in [s. 696(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/7/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(10)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/10/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769051]: Words in [s. 696(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(11)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/11), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769011]: [S. 696(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/9) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(12)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/12) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21621951]: Source-1970 s.428; 1971 Sch.6 54
[^c22901451]: [S. 697(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/697/1A) inserted (with effect in accordance with [Sch. 18 para. 4(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/4/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 4(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/4/1)
[^c22901471]: Words in [s. 697(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/697/2) substituted (with effect in accordance with [Sch. 18 para. 4(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/4/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 4(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/4/2)
[^c23769091]: Words in [s. 697(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/697/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 286(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/286/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769121]: Words in [s. 697(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/697/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 286(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/286/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769071]: Words in [s. 697(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/697/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 286(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/286/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769151]: [S. 697(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/697/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 286(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/286/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21621971]: Source-1970 s.429; 1971 Sch.6 55
[^c22901491]: [S. 698(1A)(1B)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/698/1A/1B/2) substituted for s. 698(2) (with effect in accordance with [Sch. 18 para. 5(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/5/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 5(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/5/1)
[^c23769171]: Words in [s. 698(1B)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/698/1B/c/ii) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 287(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/287/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769191]: Words in [s. 698(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/698/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 287(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/287/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769211]: Words in [s. 698(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/698/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 287(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/287/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769231]: Words in [s. 698(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/698/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 287(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/287/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769251]: [S. 698(4)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/698/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 287(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/287/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21622061]: Source-1970 s.431; 1971 Sch.6 57
[^c22901511]: [S. 700(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5/6) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 6](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/6)
[^c22901671]: Words in [s. 700(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/3) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 20](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/20)
[^c23769681]: Word in [s. 700(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769701]: Words in [s. 700(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769721]: Words in [s. 700(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769761]: Words in [s. 700(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769801]: Words in [s. 700(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(2)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/2/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769821]: Word in [s. 700(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(2)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/2/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769841]: Words in [s. 700(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769871]: Words in [s. 700(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769891]: Words in [s. 700(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769951]: Words in [s. 700(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769991]: Words in [s. 700(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/2/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(3)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/3/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770011]: Words in [s. 700(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770031]: Words in [s. 700(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770051]: Words in [s. 700(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770171]: Word at the end of s. 700(5)(a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770071]: [S. 700(5)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5/aa) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770091]: Words in [s. 700(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770111]: Words in [s. 700(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770131]: Words in [s. 700(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770151]: Words in [s. 700(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(g)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/g) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21622141]: Source-1970 s.432; 1972 Sch.24 25; 1975 (No.2) s.34(5)
[^c21622151]: [S. 701(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/3A) inserted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 11(3)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/11/3), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21622161]: *Definition applied for purposes of* 1979(C)—*see* 1979(C) s.155(1).
[^c21622171]: [1925 c. 23](https://www.legislation.gov.uk/ukpga/1925/23).
[^c21622191]: Source-1970 s.426(1)
[^c22901571]: [S. 701(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/10A) inserted (with effect in accordance with [s. 76(6)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/6) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 76(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/5)
[^c22901591]: [S. 701(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/14) repealed (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 7](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/7), [Sch. 29 Pt. 8(10)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/10)
[^c22901901]: Words in [s. 701(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/3A) substituted (with effect in accordance with [s. 33(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/8)
[^c22901951]: Words in [s. 701(3A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/3A/b) renumbered as s. 701(3A)(b)(i) (with effect in accordance with [s. 33(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/11) of the amending Act) by virtue of [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(9)(a)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/9/a)
[^c22901961]: Words in [s. 701(3A)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/3A/b/i) inserted (with effect in accordance with [s. 33(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(9)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/9/b)
[^c22901931]: [S. 701(3A)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/3A/b/ii) added (with effect in accordance with [s. 33(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(9)(c)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/9/c)
[^c23770381]: Words in [s. 701(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/3A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 292(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/292/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770511]: Word at the end of s. 701(8)(a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 292(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/292/3/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770451]: [S. 701(8)(c)-(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/8/c) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 292(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/292/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770531]: Words in [s. 701(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 292(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/292/3/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770471]: Words in [s. 701(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/9) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 292(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/292/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770491]: Words in [s. 701(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/10) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 292(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/292/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770551]: Words in [s. 701(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/3A) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 152](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/152) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21622221]: Source-1970 s.433; 1987 Sch.15 2(15)
[^c23770681]: Words in [s. 702(a)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/702/a/d) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [96](https://www.legislation.gov.uk/uksi/2005/3229/regulation/96)
[^c22901691]: Words in [s. 699A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/1) inserted (with effect in accordance with [s. 21(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/21/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 21(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/21/2)
[^c22901711]: [S. 699A(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/1A/1B) inserted (with effect in accordance with [s. 21(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/21/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 21(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/21/3)
[^c22901741]: [S. 699A(4)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/4/c) and preceding word inserted (with effect in accordance with [s. 21(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/21/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 21(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/21/4)
[^c22901761]: Words in [s. 699A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/1A) inserted (with effect in accordance with [s. 33(10)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/10) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/3)
[^c22901781]: Word in [s. 699A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/2/b) substituted (with effect in accordance with [s. 33(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/4)
[^c22901821]: Words in [s. 699A(4)(a)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/4/a/c) substituted (with effect in accordance with [s. 33(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/5)
[^c23769451]: Words in [s. 699A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/4/b) substituted (with effect in accordance with [s. 173(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/173/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 35 para. 4](https://www.legislation.gov.uk/ukpga/2003/14/schedule/35/paragraph/4)
[^c23769471]: Words in [s. 699A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769511]: Words in [s. 699A(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/1A/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769591]: [S. 699A(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/1A/b) and preceding word repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769531]: Words in [s. 699A(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/4/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769551]: Words in [s. 699A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769571]: Word in [s. 699A(4)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/4/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769621]: [S. 699A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769641]: Words in [s. 699A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/4/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 151](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/151) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21622281]: Source—1970 s.460(1)-(3)
[^c21622311]: Source—1970 s.460(5)-(9)
[^c21622321]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c21622331]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c23211461]: [S. 703(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/3A) inserted (with effect in accordance with [Sch. 3 para. 32(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/32/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 32(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/32/2)
[^c23211481]: [S. 703(4)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/4) repealed (with effect in accordance with Sch. 3 para. 32(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 32(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/32/3), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23770941]: Word in [s. 703(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23770961]: Words in [s. 703(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23770991]: Word in [s. 703(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(2)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771011]: Word in [s. 703(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(2)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771031]: Words in [s. 703(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771051]: Word in [s. 703(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771071]: Word in [s. 703(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(3)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771121]: Word in [s. 703(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771091]: Words in [s. 703(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771141]: Words in [s. 703(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(4)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771391]: Words in [s. 703(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/3) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(4)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/4/d), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771171]: Words in [s. 703(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(4)(e)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/4/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771411]: [S. 703(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/3A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/5), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771191]: Words in [s. 703(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/9) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(6)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771221]: Words in [s. 703(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/9) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(6)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771261]: Word in [s. 703(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/9) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(6)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771281]: Word in [s. 703(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/10) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771431]: [S. 703(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/11) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(8)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/8), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771301]: Words in [s. 703(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/12) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(9)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/9/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771331]: Words in [s. 703(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/12) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(9)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/9/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771351]: Words in [s. 703(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/12) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 154(9)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/154/9/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21622341]: Source—1970 s.461; 1973 s.54, Sch.11 2(a), (b)
[^c22904151]: Words in [s.704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. D(2)(b) substituted (with effect in accordance with [s.175(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/175/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 175(1)-(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/175/1)
[^c23160831]: [S. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. A(e) repealed (with effect in accordance with s. 20 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c23288361]: [S. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) modified (9.3.1999) by [The Corporation Tax (Treatment of Unrelieved Surplus Advance Corporation Tax) Regulations 1999 (S.I. 1999/358)](https://www.legislation.gov.uk/uksi/1999/358), [regs. 1](https://www.legislation.gov.uk/uksi/1999/358/regulation/1), [23](https://www.legislation.gov.uk/uksi/1999/358/regulation/23)
[^c23211521]: [S. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. A(d) repealed (with effect in accordance with Sch. 3 para. 33(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 33(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/33/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23771491]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771511]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. A substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771531]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. A(a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771851]: [S. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. A(f)(g) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by virtue of [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(3)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/3/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771551]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. B(1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771571]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. B(1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771611]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. B(2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771631]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. C(1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(6)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771661]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. C(1)(b) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(6)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771681]: Word in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. C(1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(6)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771701]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. D(1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771721]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. E(1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(8)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/8/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771741]: Word in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. E(2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(8)(b)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/8/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771761]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. E(2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(8)(b)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/8/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771791]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. E(2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(8)(b)(iii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/8/b/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771811]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. E(3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(8)(c)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/8/c/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771831]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. E(3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 155(8)(c)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/155/8/c/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771881]: Words in [s. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. D(2)(b) substituted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 7(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/7/7)
[^c21622351]: Source—1970 s.462
[^c23314111]: [S. 705(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/705/4) repealed (1.1.1994) by [The General and Special Commissioners (Amendment of Enactments) Regulations 1994 (S.I. 1994/1813)](https://www.legislation.gov.uk/uksi/1994/1813), [reg. 1(1)](https://www.legislation.gov.uk/uksi/1994/1813/regulation/1/1), [Sch. 1 para. 23](https://www.legislation.gov.uk/uksi/1994/1813/schedule/1/paragraph/23), [Sch. 2 Pt. 1](https://www.legislation.gov.uk/uksi/1994/1813/schedule/2/part/1)
[^c23211541]: [S. 705(6)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/705/6) repealed (with effect in accordance with Sch. 3 para. 34(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 34(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/34/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23771951]: Words in [s. 705(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/705/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 156(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/156/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771971]: Word in [s. 705(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/705/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 156(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/156/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23771991]: Words in [s. 705(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/705/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 156(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/156/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772011]: Words in [s. 705(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/705/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 156(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/156/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21622391]: *See*—1970(M) s.6(1)—*declaration to be made by member of tribunal on appointment.*1989 s.182—*disclosure of information* (*in* Part II Vol.5).
[^c21622401]: [S. 706](https://www.legislation.gov.uk/ukpga/1988/1/section/706) renumbered as s. 706(1) (31.3.1995) by [Judicial Pensions and Retirement Act 1993 (c. 8)](https://www.legislation.gov.uk/ukpga/1993/8), [ss. 26](https://www.legislation.gov.uk/ukpga/1993/8/section/26), [31(2)](https://www.legislation.gov.uk/ukpga/1993/8/section/31/2), [Sch. 6 para.44](https://www.legislation.gov.uk/ukpga/1993/8/schedule/6/paragraph/44) (with [Sch. 7 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1993/8/schedule/7/paragraph/2/2), [3(2)](https://www.legislation.gov.uk/ukpga/1993/8/schedule/7/paragraph/3/2), [4](https://www.legislation.gov.uk/ukpga/1993/8/schedule/7/paragraph/4)); [S.I. 1995/631](https://www.legislation.gov.uk/uksi/1995/631), [art. 2](https://www.legislation.gov.uk/uksi/1995/631/article/2)
[^c21622411]: Source—1970 s.463; 1982 Sch.21 3(1)
[^c21622421]: [S. 706(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/706/2) added (31.3.1995) by [Judicial Pensions and Retirement Act 1993 (c. 8)](https://www.legislation.gov.uk/ukpga/1993/8), [ss. 26](https://www.legislation.gov.uk/ukpga/1993/8/section/26), [31(2)](https://www.legislation.gov.uk/ukpga/1993/8/section/31/2), [Sch. 6 para.44](https://www.legislation.gov.uk/ukpga/1993/8/schedule/6/paragraph/44) (with [Sch. 7 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1993/8/schedule/7/paragraph/2/2), [3(2)](https://www.legislation.gov.uk/ukpga/1993/8/schedule/7/paragraph/3/2), [4](https://www.legislation.gov.uk/ukpga/1993/8/schedule/7/paragraph/4)); [S.I. 1995/631](https://www.legislation.gov.uk/uksi/1995/631), [art. 2](https://www.legislation.gov.uk/uksi/1995/631/article/2)
[^c21622431]: Source—1970 s.464
[^c23772341]: Words in [s. 707(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/707/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 159(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/159/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772381]: Words in [s. 707(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/707/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 159(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/159/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772421]: Word in [s. 707(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/707/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 159(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/159/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21622441]: Source—1970 s.465
[^c23772441]: Words in [s. 708](https://www.legislation.gov.uk/ukpga/1988/1/section/708) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 160(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/160/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772471]: Word in [s. 708](https://www.legislation.gov.uk/ukpga/1988/1/section/708) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 160(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/160/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772491]: Words in [s. 708](https://www.legislation.gov.uk/ukpga/1988/1/section/708) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 160(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/160/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772531]: Word in [s. 708](https://www.legislation.gov.uk/ukpga/1988/1/section/708) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 160(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/160/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21622451]: *Definition applied for purposes of* 1990 Sch.10—*convertible securities.*
[^c21622461]: Source—1970 s.466(1); 1973 Sch.11 4
[^c21622471]: Source—1970 s.467; 1973 Sch.11 5
[^c23116391]: [S. 709(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/709/2A) inserted (with effect in accordance with [s. 73(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/73/2) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 73(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/73/1)
[^c23160851]: Words in [s. 709(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/709/2A) repealed (with effect in accordance with Sch. 4 para. 19(2), Sch. 8 Pt. 2(9) Note 2 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 19(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/19/1), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9)
[^c23772601]: Words in [s. 709(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/709/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 161(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/161/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772611]: Words in [s. 709(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/709/4/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 161(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/161/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772641]: Words in [s. 709(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/709/6/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 161(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/161/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772671]: Words in [s. 709(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/709/6/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 161(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/161/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772181]: Words in [s. 705A(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/705A/1/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 157(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/157/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772211]: Words in [s. 705A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/705A/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 157(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/157/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772231]: Words in [s. 705A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/705A/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 157(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/157/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772261]: Words in [s. 705A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/705A/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 157(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/157/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772281]: Words in [s. 705A(10)(11)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/705A/10/11/a/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 157(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/157/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23772321]: Words in [s. 705B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/705B/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 158](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/158) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21625091]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c21625101]: Source—1985 Sch.23 44(1)-(5A); 1986 Sch.17 6
[^c23314541]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314551]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c23312501]: Words in [s. 728(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/728/7/a) substituted (1.12.2001) by [Financial Services and Markets Act 2000 (c. 8)](https://www.legislation.gov.uk/ukpga/2000/8). s. 431(2), Sch. 20 para. 4(5); [S.I. 2001/3538](https://www.legislation.gov.uk/uksi/2001/3538), [art. 2(1)](https://www.legislation.gov.uk/uksi/2001/3538/article/2/1)
[^c23773831]: Words in [s. 728(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/728/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 163(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/163/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23773891]: Words in [s. 728(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/728/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 163(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/163/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23773851]: Words in [s. 728(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/728/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 163(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/163/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23773871]: [S. 728(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/728/9) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 163(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/163/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21625181]: Source—1970 s.470; 1971 Sch.6 71
[^c23312721]: [S. 730(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/2A) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 51](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/51)
[^c23773951]: Words in [s. 730(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 300(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/300/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773971]: Words in [s. 730(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/4) and s. 730(4A)(4B) substituted for words in s. 730(4) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 300(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/300/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773991]: Word in [s. 730(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 300(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/300/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23774011]: Words in [s. 730(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 300(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/300/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23774031]: Words in [s. 730(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 300(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/300/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23774251]: Words in [s. 730](https://www.legislation.gov.uk/ukpga/1988/1/section/730) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(2)(b)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/2/b)
[^c23774091]: Words in [s. 730](https://www.legislation.gov.uk/ukpga/1988/1/section/730) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(2)(a)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/2/a)
[^c23774361]: Words in [s. 730(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/1/a) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(3)(a)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/3/a)
[^c23774381]: Words in [s. 730(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/1/b) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(3)(b)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/3/b)
[^c23774541]: [S. 730(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/1/c) repealed (with effect in accordance with Sch. 7 para. 2(13) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(3)(c)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/3/c), [Sch. 11 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/8), Note
[^c23774401]: [S. 730(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/2) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/4)
[^c23774571]: [S. 730(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/2A) repealed (with effect in accordance with Sch. 7 para. 2(13) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/5), [Sch. 11 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/8), Note
[^c23774421]: [S. 730(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/3) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/6)
[^c23774441]: Word in [s. 730(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/4) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/7)
[^c23774461]: Word in [s. 730(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/4A) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/8)
[^c23774481]: Word in [s. 730(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/4B) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/9)
[^c23006221]: Words in [s. 730(2)(4)(b)(6)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/2/4/b/6/8) substituted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 23](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/23) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c23774501]: [S. 730(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/7) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(10)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/10)
[^c23774591]: Words in [s. 730(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/8) repealed (with effect in accordance with Sch. 7 para. 2(13) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(11)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/11), [Sch. 11 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/8), Note
[^c23774611]: [S. 730(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/3) repealed (with effect in accordance with Sch. 6 para. 2(3) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 2(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/2/2), [Sch. 26 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/12), Note
[^c21625261]: Source—1970 s.471(1)-(5)
[^c21625271]: [S. 731(4A)(4B)(4C)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/4A/4B/4C) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 55(1)(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/55/1/2)
[^c21625281]: Words in [s. 731(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/4B) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(40)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/40) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21625291]: *See* s.343—*company reconstruction without change of ownership.*
[^c21625301]: Source—1970 s.471(6); 1973 sch.11 6; 1986 Sch.18 2(1)
[^c22902481]: [S. 731(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/9): words in definition of "interest" repealed (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 17(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/17/2), [Sch. 26 Pt. 5(16)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/16)
[^c22902501]: [S. 731(9A)-(9D)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/9A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 17(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/17/3)
[^c22903411]: Words in [s. 731(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2) substituted (with effect in accordance with [s. 81(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 81(3)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/3/a)
[^c23314571]: Word in [s. 731(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2) substituted (with effect in accordance with [s. 81(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 81(3)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/3/a)
[^c22903391]: [S. 731(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2A) inserted (with effect in accordance with [s. 81(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 81(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/2)
[^c22903431]: Word in [s. 731(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/3) substituted (with effect in accordance with [s. 81(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 81(3)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/3/b)
[^c23006291]: Words in [s. 731(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/3/b) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 36(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/36/a)
[^c22992721]: Words in [s. 731(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/3) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 36(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/36/b), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c23128461]: [S. 731(2B)-(2F)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2B) inserted (with application in accordance with [s. 77(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/77/2) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 77(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/77/1)
[^c23160891]: Words in [s. 731(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/9A) repealed (with effect in accordance with Sch. 6 para. 14(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch 6 para. 14(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/14/2), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23160911]: [S. 731(9B)-(9D)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/9B) repealed (with effect in accordance with Sch. 6 para. 14(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch 6 para. 14(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/14/3), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23775221]: Words in [s. 731(2D)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2D) substituted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 6](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/6)
[^c23775241]: Words in [s. 731(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 302(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/302/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23775261]: [S. 731(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/7A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 302(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/302/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23775281]: Words in [s. 731(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 167(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/167/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23775301]: [S. 731(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/9): words in definition of "securities" substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 167(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/167/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23775361]: Words in [s. 731(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2A) repealed (with effect in accordance with [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 6(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/6/2/a), [Sch. 27 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/14), Note
[^c23775321]: Words in [s. 731(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2A) inserted (with effect in accordance with [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/6/2/b)
[^c23775341]: [S. 731(2F)(2G)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2F/2G) substituted for s. 731(2F) (with effect in accordance with [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 6(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/6/3)
[^c21625331]: Source—1970 s.472; 1982 s.57; 1986 Sch.18 1, 3
[^c21625341]: [S. 732(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/2A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 56(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/56/1)
[^c21625351]: [S. 732(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/5A) inserted (retrospectively) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s.53(1)](https://www.legislation.gov.uk/ukpga/1990/29/section/53/1)
[^c21625361]: [S. 732(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/7) added by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 56(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/56/2)
[^c22992741]: [S. 732(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/3) repealed (with effect in accordance with s. 159(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(21)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/21), Note; [S.I. 1996/2646](https://www.legislation.gov.uk/uksi/1996/2646), [art. 2](https://www.legislation.gov.uk/uksi/1996/2646/article/2)
[^c23160951]: [S. 732(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/1A) inserted (with effect in accordance with [s. 26(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 26(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/2)
[^c23160971]: [S. 732(2)(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/2/2A) repealed (with effect in accordance with s. 26(8) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 26(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/3), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 2
[^c23161001]: Words in [s. 732(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/4) repealed (with effect in accordance with s. 26(8) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 26(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/3), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 2
[^c23161021]: [S. 732(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/4): definition of "overseas securities" substituted (with effect in accordance with [s. 26(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 26(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/5)
[^c23161041]: [S. 732(5)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/5) repealed (with effect in accordance with s. 26(8) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 26(6)(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/6/7), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 2
[^c23775381]: Words in [s. 732(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 303](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/303) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21625371]: Source—1970 s.473
[^c23775421]: [S. 733(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/733/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 168](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/168), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21625391]: Source—1970 s.474; 1973 Sch.11 7; 1979(C) Sch.7; 1978 s.30(7)
[^c21625401]: Words in [s. 734(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/734/2) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(41)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/41) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23775401]: Words in [s. 734(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/734/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 169](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/169) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21625411]: Source—1970 s.475; 1973 Sch.21 7
[^c23006311]: Words in [s. 735(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/735/3) inserted (with effect in accordance with [Sch. 38 para 9(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 9(1)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/1/a)
[^c23006331]: Words in [s. 735(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/735/3/a) substituted (with effect in accordance with [Sch. 38 para. 9(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 9(1)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/1/b)
[^c23006351]: Words in [s. 735(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/735/3/b) substituted (with effect in accordance with [Sch. 38 para. 9(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 9(1)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/1/c)
[^c23006371]: Words in [s. 735(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/735/4) substituted (with effect in accordance with Sch. 38 para, 9(4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 9(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/2)
[^c23006391]: Words in [s. 735(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/735/5) substituted (with effect in accordance with [Sch. 38 para. 9(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 9(3)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/3/a)
[^c23006411]: Words in [s. 735(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/735/5) inserted (with effect in accordance with [Sch. 38 para. 9(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 9(3)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/3/b)
[^c21625421]: Source—1970 s.476
[^c21625431]: *See* s.237—*disallowance of reliefs in respect of bonus issues etc.*
[^c23776361]: Words in [s. 736(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/736/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 170](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/170) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23312521]: Words in [s. 736B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/736B/2) inserted (with application in accordance with [s. 84(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/84/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 84(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/84/2)
[^c23312541]: [S. 736B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/736B/2A) inserted (with application in accordance with [s. 84(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/84/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 84(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/84/3)
[^c23776481]: [S. 736B](https://www.legislation.gov.uk/ukpga/1988/1/section/736B) modified (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 139(1)(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/139/1/3)
[^c23776461]: [S. 736B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/736B/4) inserted (with effect in accordance with [Sch. 6 para. 4(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/4/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 4(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/4/1)
[^c23776491]: Words in [s. 736B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/736B/2) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 171(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/171/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23776511]: Words in [s. 736B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/736B/2) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 171(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/171/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23776531]: Words in [s. 736B(2A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/736B/2A/a) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 171(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/171/3/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23776551]: Words in [s. 736B(2A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/736B/2A/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 171(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/171/3/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23776661]: [S. 736C(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/736C/14) inserted (with effect in accordance with [Sch. 6 para. 4(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/4/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 4(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/4/2)
[^c23776681]: Words in [s. 736C(2)(a)(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/736C/2/a/3/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 172(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/172/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23776741]: [S. 736C(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/736C/8) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 172(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/172/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23776721]: [S. 736C(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/736C/11): words in definition of "tax advantage" substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 172(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/172/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21625771]: Source—1986 Sch.18 4
[^c21625781]: [S. 738(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/738/2) repealed (with effect as mentioned in s. 58(3) of the repealing Act) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 58(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/2), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 13 para. 4](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/4), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 9; [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [reg. 5](https://www.legislation.gov.uk/uksi/1992/1346/regulation/5)
[^c21625831]: Source—1986 Sch.18 10(2)
[^c23151451]: [S. 738(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/738/3/4) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Note 3 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23161091]: [S. 738(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/738/1/a/b) repealed (with effect in accordance with s. 26 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note 2
[^c23312561]: Words in [s. 738(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/738/5) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 43](https://www.legislation.gov.uk/uksi/2001/3629/article/43)
[^c23217671]: Words in [s. 737D(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/737D/2) repealed (with effect in accordance with s. 102(10) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/3), [Sch. 27 Pt. 3(24)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/24), Note
[^c23781361]: [S. 737D(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/737D/2) modified (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 139(1)(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/139/1/6)
[^c23781371]: Word in [s. 737D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/737D/1) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 175(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/175/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23781391]: Words in [s. 737D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/737D/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 175(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/175/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21626141]: [Pt. XVII Ch. IV](https://www.legislation.gov.uk/ukpga/1988/1/part/XVII/chapter/IV) (ss. 747-756) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 119(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/119/3)
[^c21626151]: Source—1984 s.82
[^c22903671]: [S. 747(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/4A/4B) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 3](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/3)
[^c23226861]: Words in [s. 747(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/1) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/2/a), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228081]: Words in [s. 747(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/1) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/2/b), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23227981]: Words in [s. 747(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/3) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23288481]: [S. 747A(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/747A/4/a) restricted (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1), [2(2)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/2/2); [S.I. 2003/1282](https://www.legislation.gov.uk/uksi/2003/1282), [art. 2](https://www.legislation.gov.uk/uksi/2003/1282/article/2)
[^c23228001]: Words in [s. 747(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/4/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/4/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228021]: Words in [s. 747(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/4/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228041]: Words in [s. 747(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/5) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/5/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228061]: Words in [s. 747(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/5) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/5/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23300801]: [S. 747](https://www.legislation.gov.uk/ukpga/1988/1/section/747) restricted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 54(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/54/1)
[^c23298411]: [S. 747(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/1A) inserted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 paras. 3](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/3), [9(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/1)
[^c23312831]: [S. 747](https://www.legislation.gov.uk/ukpga/1988/1/section/747) modified (with effect in accordance with Sch. 29 Pt. 14 of the modifying Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 116](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/116)
[^c23312811]: [S. 747(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/1B) inserted (1.4.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 90(1)(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/90/1/2/a) (with [s. 90(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/90/2/b))
[^c23783141]: [S. 747(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/4A/4B) repealed (with effect in accordance with Sch. 4 para. 24(2) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 11 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/6), Note
[^c23783171]: [S. 747(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/4/b) and preceding word repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 178](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/178), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23783201]: [S. 747(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/6) applied (6.4.2007 with effect in accordance with s. 1034(1) of the affecting Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 725(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/725/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23783211]: [S. 747(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/3A) inserted (with effect in accordance with [Sch. 15 para. 10](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/10) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 15 para. 1(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/1/2)
[^c23783231]: [S. 747(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/5A) inserted (with effect in accordance with [Sch. 15 para. 10](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/10) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 15 para. 1(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/1/3)
[^c21626161]: Source—1984 s.83
[^c22903731]: [S. 748(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/4/5) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 4](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/4)
[^c23071561]: Words in [s. 748(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/3/a) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/2)
[^c23228181]: Words in [s. 748(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/1) substituted (with effect in accordance with [Sch. 17 para 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228201]: Words in [s. 748(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/1/d) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228221]: [S. 748(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/1/e) and preceding word inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228241]: [S. 748(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/1A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228261]: [S. 748(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/2) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/27); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228281]: Word in [s. 748(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/3) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228301]: Words in [s. 748(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/3) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/8); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23312891]: [S. 748(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/6) inserted (with effect in accordance with [s. 89(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/89/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 89(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/89/1)
[^c23783361]: [S. 748(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/4/5) repealed (with effect in accordance with Sch. 4 para. 24(2) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 11 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/6), Note
[^c23783411]: [S. 748(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/1/c) and word repealed (with effect in accordance with Sch. 15 para. 10 of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 15 para. 8(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/8/1), [Sch. 27 Pt. 2(15)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/15), Note
[^c23783611]: [S. 749(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/749/10) inserted (with effect in accordance with [Sch. 15 para. 10](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/10) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 15 para. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/2)
[^c21626201]: Source—1984 s.85
[^c21626211]: Words in [s. 750(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/1) substituted (27.7.1993 with application in relation to accounting periods beginning on or after 16.3.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 119(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/119/1/2)
[^c22903781]: [S. 750(5)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/5) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/5)
[^c23228341]: Words in [s. 750(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/1) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/5/2/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228361]: Words in [s. 750(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/1) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 5(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/5/2/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228381]: [S. 750(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/3/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 5(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/5/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23307091]: Words in [s. 750(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/3/b) repealed (with effect in accordance with Sch. 30 of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c23783811]: [S. 750(5)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/5) repealed (with effect in accordance with Sch. 4 para. 24(2) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 11 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/6), Note
[^c23783861]: Words in [s. 750(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/1) inserted (with effect in accordance with [s. 44(4)-(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/44/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 44(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/44/2)
[^c23783881]: [S. 750(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/1A/1B) inserted (with effect in accordance with [s. 44(4)-(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/44/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 44(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/44/3)
[^c23783901]: [S. 750(3)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/3/ab) inserted (with effect in accordance with [Sch. 15 para. 10](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/10) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 15 para. 4](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/4)
[^c21626221]: Source—1984 s.86
[^c21626231]: 1990 s.89*and* Sch.14 para.9 (*correction of errors*)—*deemed always to have had effect. Previously* “the persons”.
[^c21626241]: 1990 s.67(2), (4)*on and after* 20*March* 1990.
[^c22902641]: [S. 751(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/2/bb) repealed (retrospective to 30.11.1993) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 251(1)(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/251/1/4), [Sch. 26 Pt. 8](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/8), Note
[^c23784011]: [S. 751(1)-(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/1) applied (6.4.2007 with effect in accordance with s. 1034(1) of the affecting Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 725(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/725/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23228401]: Words in [s. 751(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/1/b) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/2/a), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228421]: Words in [s. 751(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/1/b) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/2/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228441]: Words in [s. 751(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by virtue of [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/3/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228461]: Words in [s. 751(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by virtue of [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/3/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228481]: Words in [s. 751(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/5) substituted (with effect in accordance with Sch. 17 para. 37 of amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/4/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228501]: Words in [s. 751(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/5) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/4/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228531]: [S. 751(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/5A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228551]: Words in [s. 751(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/6) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/6); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21626271]: *See* 1970(M) s.55(1)(g)*and* (6A).
[^c21626281]: Source—1984 s.89(1)-(4), (7)-(11)
[^c23228631]: Words in [s. 754(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/1) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/2/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228841]: Words in [s. 754(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/1) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/2/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228861]: [S. 754(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/1A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228651]: [S. 754(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/2) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228881]: [S. 754(2A)-(2E)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/2A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228671]: [S. 754(3)-(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/3) substituted for s. 754(3) (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/6); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228981]: [S. 754(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/4) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/7), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228691]: Words in [s. 754(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/6) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(8)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/8/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228771]: Words in [s. 754(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/6/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(8)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/8/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228901]: Words in [s. 754(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/6/b) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(8)(c)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/8/c); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228921]: Words in [s. 754(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/6) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(8)(d)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/8/d); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228941]: Words in [s. 754(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/7/a) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(9)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/9/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228791]: Words in [s. 754(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/7/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(9)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/9/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228961]: Words in [s. 754(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/7/b) added (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(9)(c)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/9/c); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228821]: Word in [s. 754(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/8) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(10)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/10); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21626301]: Source—1984 s.91
[^c23229231]: [S. 756(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/756/1): definition of "company tax return" inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 16](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/16); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23312381]: [S. 756(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/756/3/a) repealed (with effect in accordance with Sch. 31 para. 9(3) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 4(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/4/2/a), [Sch. 40 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/14), Note
[^c23312401]: Words in [s. 756(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/756/3) repealed (with effect in accordance with Sch. 31 para. 9(3) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/4/2/b), [Sch. 40 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/14), Note
[^c23787401]: [S. 756(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/756/1A/1B) inserted (with effect in accordance with [Sch. 15 para. 10](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/10) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 15 para. 6](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/6)
[^c23316391]: [Pt. 17 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/17/chapter/4) modified (10.6.1999) by The Non-resident [Companies (General Insurance Business) Regulations 1999 (S.I. 1999/1408)](https://www.legislation.gov.uk/uksi/1999/1408), [regs. 3-6](https://www.legislation.gov.uk/uksi/1999/1408/regulation/3)
[^c23783671]: [S. 749A(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/749A/9) inserted (with effect in accordance with [Sch. 15 para. 10](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/10) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 15 para. 3](https://www.legislation.gov.uk/ukpga/2007/11/schedule/15/paragraph/3)
[^c23229181]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c23314601]: [S. 755A](https://www.legislation.gov.uk/ukpga/1988/1/section/755A) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [18](https://www.legislation.gov.uk/uksi/1998/1871/regulation/18)
[^c23288531]: [S. 755A](https://www.legislation.gov.uk/ukpga/1988/1/section/755A) modified by the [Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 30B](https://www.legislation.gov.uk/uksi/1997/473/regulation/30B) (as inserted (13.10.1999) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1999 (S.I. 1999/2636)](https://www.legislation.gov.uk/uksi/1999/2636), [regs. 1](https://www.legislation.gov.uk/uksi/1999/2636/regulation/1), [4](https://www.legislation.gov.uk/uksi/1999/2636/regulation/4); and as that reg. 30B is amended by [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [24](https://www.legislation.gov.uk/uksi/2004/822/regulation/24))
[^c23312581]: Words in [s. 755A(1)(c)(5)(7)(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/1/c/5/7/12) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(j)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/j)
[^c23785881]: [S. 755A](https://www.legislation.gov.uk/ukpga/1988/1/section/755A) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [16](https://www.legislation.gov.uk/uksi/2004/2680/regulation/16); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23785891]: [S. 755A](https://www.legislation.gov.uk/ukpga/1988/1/section/755A) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [22](https://www.legislation.gov.uk/uksi/2005/2014/regulation/22) (as amended by [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [21](https://www.legislation.gov.uk/uksi/2007/2134/regulation/21))
[^c23785811]: Words in [s. 755A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/3) substituted (with effect in accordance with [Sch. 33 para. 13(11)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/13/11) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 13(8)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/13/8)
[^c23785851]: [S. 755A(11)-(11C)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/11) substituted for s. 755A(11) (with effect in accordance with [Sch. 33 para. 13(11)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/13/11) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 13(9)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/13/9)
[^c23785931]: [S. 755A(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/4A) inserted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [8(a)](https://www.legislation.gov.uk/uksi/2006/3270/article/8/a)
[^c23785951]: Words in [s. 755A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/8) omitted (31.12.2006 with effect in accordance with art. 1(2) of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [8(b)](https://www.legislation.gov.uk/uksi/2006/3270/article/8/b)
[^c23785971]: [S. 755A(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/9) omitted (31.12.2006 with effect in accordance with art. 1(2) of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [8(c)](https://www.legislation.gov.uk/uksi/2006/3270/article/8/c)
[^c23786071]: Words in [s. 755A(2)(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/2/6/a) substituted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 10](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/10) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23785991]: Words in [s. 755A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/4) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 47(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/47/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23786031]: Words in [s. 755A(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/6/c) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 47(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/47/3) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23786921]: [S. 755A(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/12): definition of "long-term insurance fund" repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 14(2)(d)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/14/2/d), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23786051]: [S. 755A(13)(a)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/13/a/ba) substituted for s. 755A(13)(a)-(d) (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/47/4) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23229201]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c23229211]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c23312621]: [S. 755B(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/755B/6) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 44](https://www.legislation.gov.uk/uksi/2001/3629/article/44)
[^c23783031]: [Pt. 17 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/17/chapter/4) modified (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 45(5)(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/45/5/6)
[^c23783571]: Words in [s. 748A(1)(c)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/748A/1/c/2) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23783591]: [S. 748ZA(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/748ZA/5/a) omitted (with effect in accordance with Sch. 5 paras. 6(3), 7(3)(4) of the repealing Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 5 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/5/paragraph/7/2/a)
[^c21626341]: Source—1984 s.92(1), (7)
[^c21626351]: Words in [s. 757(1)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/1) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(43)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/43) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21626361]: Source—1984 s.92(2)-(6), (8)
[^c21626441]: 1990 s.89*and* Sch.14 para.10 (*correction of errors*)—*deemed always to have had effect.*
[^c23788311]: [S. 757](https://www.legislation.gov.uk/ukpga/1988/1/section/757) modified (24.2.2003) by [Proceeds of Crime Act 2002 (c. 29)](https://www.legislation.gov.uk/ukpga/2002/29), [s. 458(1)](https://www.legislation.gov.uk/ukpga/2002/29/section/458/1), [Sch. 10 para. 7](https://www.legislation.gov.uk/ukpga/2002/29/schedule/10/paragraph/7) (with [Sch. 10 para. 10](https://www.legislation.gov.uk/ukpga/2002/29/schedule/10/paragraph/10)); [S.I. 2003/120](https://www.legislation.gov.uk/uksi/2003/120), [art. 2](https://www.legislation.gov.uk/uksi/2003/120/article/2), [Sch.](https://www.legislation.gov.uk/uksi/2003/120/schedule) (with [arts. 3](https://www.legislation.gov.uk/uksi/2003/120/article/3), [4](https://www.legislation.gov.uk/uksi/2003/120/article/4) (as amended by [S.I. 2003/333](https://www.legislation.gov.uk/uksi/2003/333), [art. 14](https://www.legislation.gov.uk/uksi/2003/333/article/14)))
[^c23312931]: [S. 757(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/5/6) substituted (with effect in accordance with Sch. 9 paras. 7, 8(1) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/5)
[^c23789391]: Words in [s. 757(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/1/b) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 4(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/4/2)
[^c23789431]: Words in [s. 757(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/5) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 4(3)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/4/3/a)
[^c23789451]: Words in [s. 757(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/5) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 4(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/4/3/b)
[^c23789471]: Words in [s. 757(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/6) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 4(4)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/4/4/a)
[^c23789491]: Words in [s. 757(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/6) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 4(4)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/4/4/b)
[^c21626481]: Source—1984 s.93
[^c21626491]: Words in [s. 758(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/758/5/6) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(44)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/44) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23312951]: Words in [s. 758(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/758/6) substituted (with effect in accordance with Sch. 9 paras. 7, 8(3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/6)
[^c23789551]: [S. 758](https://www.legislation.gov.uk/ukpga/1988/1/section/758) applied (with modifications) (22.10.2004 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Offshore Funds Regulations 2004 (S.I. 2004/2572)](https://www.legislation.gov.uk/uksi/2004/2572), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2572/regulation/1/1), [3](https://www.legislation.gov.uk/uksi/2004/2572/regulation/3)
[^c23789531]: [S. 758(7)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/758/7/8) inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/5)
[^c21626561]: Source—1984 s.94
[^c21626571]: Words in [s. 759(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/9) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(45)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/45) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22903881]: [S. 759(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/1A) inserted (with application in accordance with [s. 134(8)](https://www.legislation.gov.uk/ukpga/1995/4/section/134/8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 134(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/134/3)
[^c23789561]: [S. 759(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/1/1A) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 6(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/6/2), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c23789591]: Words in [s. 759(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/2) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 6(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/6/3) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23789611]: Words in [s. 759(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/3) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 6(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/6/4) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23789631]: Words in [s. 759(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/5) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 6(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/6/5) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23789651]: Words in [s. 759(6)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/6/8) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 6(6)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/6/6/a) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23789681]: Words in [s. 759(6)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/6/8) inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 6(6)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/6/6/b) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c21626601]: Source—1984 s.95
[^c23789871]: [S. 760](https://www.legislation.gov.uk/ukpga/1988/1/section/760) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17)
[^c23789771]: [S. 760(3)(b)-(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/760/3/b) and preceding word repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 13(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/13/2), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c23789821]: [S. 760(4)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/760/4) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 13(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/13/3), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c23789711]: Words in [s. 760(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/760/10/a) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/7/2/a) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23789731]: Words in [s. 760(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/760/10/b) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/7/2/b) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23789751]: [S. 760(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/760/10A) inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 7(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/7/3) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c21626641]: Source—1984 s.96; 1987 Sch.15 16(1)
[^c21626651]: 1990 s.89*and* Sch.14 para.11 (*correction of errors)*—*deemed always to have had effect. Previously* “and Schedule.”
[^c21626661]: Words in [s. 761(2)(3)(5)(6)(7)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/2/3/5/6/7/a/b) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(47)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/47) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21626691]: [S. 761(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/4) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch.12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c23789881]: Words in [s. 761(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 308(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/308/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23789901]: [S. 761(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/1A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 308(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/308/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23789921]: Words in [s. 761(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/2) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(1)(a)(i)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/1/a/i)
[^c23789941]: Words in [s. 761(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/2) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(1)(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/1/a/ii)
[^c23789961]: Words in [s. 761(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/3) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(1)(b)(i)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/1/b/i)
[^c23789981]: Words in [s. 761(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/3) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/1/b/ii)
[^c23790001]: Words in [s. 761(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/3) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(1)(b)(iii)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/1/b/iii)
[^c23790021]: [S. 761(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/7/b) substituted (with effect in accordance with [Sch. 12 para. 47(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/47/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 47(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/47/1)
[^c23790041]: Words in [s. 761(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/6) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 179(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/179/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23790061]: Words in [s. 761(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/6) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 179(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/179/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23790101]: Words in [s. 761(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/6) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 179(2)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/179/2/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23790081]: [S. 761(6A)-(6C)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/6A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 179(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/179/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21626751]: Source—1984 s.97
[^c21626761]: Words in [s. 762(1)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/762/1) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(48)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/48) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23790231]: Words in [s. 762(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/762/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 309(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/309/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23790251]: Words in [s. 762(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/762/5/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 180(a)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/180/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23790271]: Words in [s. 762(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/762/5/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 180(a)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/180/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23790291]: Words in [s. 762(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/762/6) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 180(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/180/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21626851]: Source—1984 s.98
[^c21626861]: Words in [s. 763(1)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/763/1) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(49)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/49) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23790431]: Words in [s. 763(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/763/6) substituted (with retrospective effect in accordance with [Sch. 26 para. 16(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/16/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 16(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/16/1) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23790411]: [S. 763(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/763/6A) inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 15(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/15/2) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23790451]: [S. 763(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/763/8) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 181](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/181) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23788281]: [Ss. 756A-756C](https://www.legislation.gov.uk/ukpga/1988/1/section/756A) applied (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 489](https://www.legislation.gov.uk/ukpga/2009/4/section/489) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23788261]: [S. 756A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/756A/3/4) substituted for s. 756A(3) (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 57(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/57/2)
[^c23788291]: [Ss. 756A-756C](https://www.legislation.gov.uk/ukpga/1988/1/section/756A) applied (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 489](https://www.legislation.gov.uk/ukpga/2009/4/section/489) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23788301]: [Ss. 756A-756C](https://www.legislation.gov.uk/ukpga/1988/1/section/756A) applied (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 489](https://www.legislation.gov.uk/ukpga/2009/4/section/489) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c21627011]: *Provisions of this section employed in* 1988(F) ss.105, 130*and* Sch.7.
[^c21627021]: Source—1970 s.482(1)-(4)
[^c21627031]: 1990 s.68(1), (4)*in relation to transactions carried out on or after* 1*July* 1990.
[^c21627041]: *Repealed by* 1988(F) ss.105(6), 148*and* Sch.14 Part IV*from* 15*March* 1988.*And see* 1988(F) ss.61, 130-132*and* Sch.7*for new requirements for companies from* 15*March* 1988.
[^c21627051]: 1988(F) s.105(6)*from* 15*March* 1988.*Previously* “so resident”.
[^c21627071]: O.J. No. L178/5
[^c21627081]: Source—1970 s.482(5)
[^c21627091]: Source—1970 s.482(6)
[^c21627101]: Source—1970 s.482(11)
[^c21627111]: Source—1970 s.482(7)
[^c21627121]: Source—1970 s.482(8)-(10)
[^c21627131]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*from* 15*March* 1988*subject to* 1988(F) s.105(6).
[^c21627141]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c21627151]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*from* 15*March* 1988*subject to* 1988(F) s.105(6).
[^c21627161]: Source—1970 s.482(12)
[^c21627171]: Source—1970 s.483(1)-(7)
[^c21627191]: *See* s.245—*calculation etc. of* ACT*on change of ownership.*
[^c23791281]: [Ss. 768](https://www.legislation.gov.uk/ukpga/1988/1/section/768), [768D](https://www.legislation.gov.uk/ukpga/1988/1/section/768D) modified (8.6.2005) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 para. 11](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/11); [S.I. 2005/1444](https://www.legislation.gov.uk/uksi/2005/1444), [art. 2(1)](https://www.legislation.gov.uk/uksi/2005/1444/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2005/1444/schedule/1)
[^c23791371]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791451]: [Ss. 768-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/768) modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 30](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/30)
[^c23312661]: Words in [s. 768(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/768/6) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 55](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/55)
[^c21627271]: *See* s.245—*calculation etc. of* ACT*on change of ownership.*
[^c21627281]: Source—1970 s.484
[^c21627341]: [S. 769(6)-(6C)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/6) substituted (*in relation to change of ownership occurring on or after* 14*March* 1989) by [Finance Act 1989 (c. 26, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 100(2)](https://www.legislation.gov.uk/ukpga/1989/26/section/100/2).
[^c21627351]: *Repealed by* 1989 ss.100(3), 187*and* Sch.17 Part IV*where the change of ownership of a company would be treated as occurring on or after* 14*March* 1989.
[^c21627361]: *Repealed by* 1989 ss.100(3), 187*and* Sch.17 Part IV*where the change of ownership of a company would be treated as occurring on or after* 14*March* 1989.
[^c22902721]: [S. 769(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/2A) inserted (with effect in accordance with [s. 135(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/135/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 135(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/135/4)
[^c22902741]: [S. 769(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/9) inserted (with effect in accordance with [s. 135(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/135/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 135(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/135/5)
[^c22903911]: Words in [s. 769(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/1) substituted (with application in accordance with [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 26 para. 4(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/4/2)
[^c22903991]: Words in [s. 769(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/2/d) substituted (with application in accordance with [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 26 para. 4(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/4/2)
[^c22903951]: [S. 769(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/3A) inserted (with application in accordance with [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/5) of the amending Act)) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 26 para. 4(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/4/3)
[^c22903971]: Words in [s. 769(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/4) substituted (with application in accordance with [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 26 para. 4(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/4/4)
[^c22904001]: Words in [s. 769(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/5) substituted (with application in accordance with [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 26 para. 4(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/4/2)
[^c23082371]: Words in [s. 769(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/2/d) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 37(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/37/a)
[^c22992841]: Words in [s. 769(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/2/d) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 37(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/37/b), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c23229421]: Word in [s. 769(1)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/1/5) inserted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/5/a)
[^c23229491]: Words in [s. 769(1)(2)(d)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/1/2/d/5) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 32(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/32/a) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23314631]: Word in [s. 769(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/2/d) inserted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/5/b)
[^c23229461]: Words in [s. 769(2A)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/2A/9) inserted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(5)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/5/c)
[^c23229531]: Words in [s. 769(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/3) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 32(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/32/b) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23229551]: Words in [s. 769(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/4) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 32(c)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/32/c) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23791381]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791331]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791351]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23229371]: [S. 767B(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/767B/1A) inserted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/1)
[^c23229381]: Words in [s. 767B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/767B/2) inserted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/2/a)
[^c23229391]: Words in [s. 767B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/767B/2) inserted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/2/b)
[^c23229401]: Words in [s. 767B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/767B/4) substituted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/3)
[^c23229411]: Words in [s. 767B(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/767B/10) substituted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/4)
[^c23076701]: [S. 768B(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/10) substituted for s. 768B(10)(11) (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 39(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/39/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23077761]: Words in [s. 768B(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/13) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 39(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/39/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23312681]: Words in [s. 768B(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/8) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 56](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/56)
[^c23312971]: Words in [s. 768B(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/10) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 9(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/9/a) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23313001]: Words in [s. 768B(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/13) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 9(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/9/b) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23791251]: [Ss. 768B](https://www.legislation.gov.uk/ukpga/1988/1/section/768B), [768C](https://www.legislation.gov.uk/ukpga/1988/1/section/768C) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 43(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/43/7)
[^c23790871]: Words in [s. 768B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/1) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/2)
[^c23790891]: Words in [s. 768B(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/6/a) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(3)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/3/a)
[^c23790911]: Words in [s. 768B(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/6) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/3/b)
[^c23790931]: Words in [s. 768B(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/8) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/4)
[^c23790951]: Words in [s. 768B(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/9/a) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/5)
[^c23790971]: Words in [s. 768B(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/14) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/6)
[^c23791391]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791471]: [Ss. 768-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/768) modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 30](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/30)
[^c23791291]: Words in [s. 768B(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/10) inserted (with effect in accordance with [Sch. 7 para. 3(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/9) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 3(1)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/1)
[^c23082351]: [S. 768C(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/9) substituted for s. 768C(9)(10) (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 40](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/40) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23313021]: Words in [s. 768C(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/9) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 10](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/10) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23313041]: [S. 768C(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/13) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 4(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/4/2)
[^c23791261]: [Ss. 768B](https://www.legislation.gov.uk/ukpga/1988/1/section/768B), [768C](https://www.legislation.gov.uk/ukpga/1988/1/section/768C) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 43(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/43/7)
[^c23791011]: Words in [s. 768C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/1) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 4(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/4/2)
[^c23791031]: Words in [s. 768C(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/7/a) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 4(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/4/3)
[^c23791051]: [S. 768C(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/12): definition substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 4(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/4/4)
[^c23791401]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791481]: [Ss. 768-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/768) modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 30](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/30)
[^c23791311]: Words in [s. 768C(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/9) inserted (with effect in accordance with [Sch. 7 para. 3(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/9) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 3(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/2)
[^c23791341]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791361]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23229631]: [1970 c. 9](https://www.legislation.gov.uk/ukpga/1970/9).
[^c23791271]: [Ss. 768](https://www.legislation.gov.uk/ukpga/1988/1/section/768), [768D](https://www.legislation.gov.uk/ukpga/1988/1/section/768D) modified (8.6.2005) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 para. 11](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/11); [S.I. 2005/1444](https://www.legislation.gov.uk/uksi/2005/1444), [art. 2(1)](https://www.legislation.gov.uk/uksi/2005/1444/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2005/1444/schedule/1)
[^c23791411]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791491]: [Ss. 768-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/768) modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 30](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/30)
[^c23791071]: Words in [s. 768D(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/768D/1/a) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/5/2/a)
[^c23791091]: Words in [s. 768D(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/768D/1/b) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 5(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/5/2/b)
[^c23791111]: Words in [s. 768D(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/768D/4/a) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 5(3)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/5/3/a)
[^c23791131]: Words in [s. 768D(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/768D/4/b) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 5(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/5/3/b)
[^c23791151]: Words in [s. 768D(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/768D/6) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 5(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/5/4)
[^c23791191]: [S. 768D(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/768D/8/b) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 5(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/5/5)
[^c23791421]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791501]: [Ss. 768-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/768) modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 30](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/30)
[^c23791211]: Words in [s. 768E(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/768E/1) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 6(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/6/2)
[^c23791231]: Words in [s. 768E(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/768E/7) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 6(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/6/3)
[^c21627451]: Source—1970 s.486
[^c23793501]: Words in [s. 774(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/774/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 310(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/310/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23793521]: Words in [s. 774(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/774/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 310(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/310/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21627481]: Source—1970 s.488; 1979(C) Sch.7
[^c23261011]: Words in [s. 776(6)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/6/a/b) substituted (31.7.1998) by [Finance Act 1998 (c. 6)](https://www.legislation.gov.uk/ukpga/1998/6), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/6/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/6/schedule/7/paragraph/1)
[^c23795051]: Word in [s. 776(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/6) substituted (S.) (28.11.2004) by [Abolition of Feudal Tenure etc. (Scotland) Act 2000 (asp 5)](https://www.legislation.gov.uk/asp/2000/5), [ss. 71](https://www.legislation.gov.uk/asp/2000/5/section/71), [77(2)](https://www.legislation.gov.uk/asp/2000/5/section/77/2), [Sch. 12 para. 50(4)](https://www.legislation.gov.uk/asp/2000/5/schedule/12/paragraph/50/4); [S.S.I. 2003/456](https://www.legislation.gov.uk/ssi/2003/456), [art. 2](https://www.legislation.gov.uk/ssi/2003/456/article/2)
[^c23795151]: Words in [s. 776(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/3/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 312(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/312/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23795071]: [S. 776(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/3A/3B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 312(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/312/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23795111]: Words in [s. 776(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/6/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 312(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/312/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23795171]: Word in [s. 776(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23795191]: Words in [s. 776(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23795211]: Words in [s. 776(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/3/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796031]: [S. 776(3A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/3A/a) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796051]: [S. 776(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/3B) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/5), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796071]: Words in [s. 776(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/6/a) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(6)(a)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/6/a/i), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23795231]: Word in [s. 776(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/6/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(6)(a)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/6/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796091]: Words in [s. 776(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/6/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(6)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/6/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796111]: Words in [s. 776(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/7) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(7)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/7/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23795251]: Words in [s. 776(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/7) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(7)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23795271]: Words in [s. 776(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/8) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(8)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/8/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23795291]: Words in [s. 776(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/8) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(8)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/8/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796161]: [S. 776(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/9) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(9)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/9), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23795651]: Words in [s. 776(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/11) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(10)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/10/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23795961]: Word in [s. 776(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/11) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(10)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/10/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23795981]: Words in [s. 776(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/11) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(10)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/10/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796011]: Word in [s. 776(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/11) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 184(10)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/184/10/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21627521]: Source—1970 s.489; 1979(C) Sch.7
[^c21627531]: Words in [s. 777(11)(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/11/12) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(51)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/51) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23796301]: Words in [s. 777(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/10) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 313(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/313/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23796321]: Words in [s. 777(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796341]: Words in [s. 777(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796361]: Words in [s. 777(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796381]: Words in [s. 777(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796401]: Words in [s. 777(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/6) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(5)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796421]: Words in [s. 777(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/6/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(5)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796441]: Words in [s. 777(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/7) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796461]: Words in [s. 777(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/8) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(7)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796481]: Words in [s. 777(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/8) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(7)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796501]: Words in [s. 777(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/8/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(7)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/7/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796531]: Words in [s. 777(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/8/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(7)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/7/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796681]: Words in [s. 777(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/8) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(7)(e)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/7/e), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796701]: [S. 777(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/9) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(8)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/8), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796561]: Words in [s. 777(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/10) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(9)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/9) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796581]: Word in [s. 777(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/11) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(10)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/10) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796601]: [S. 777(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/12) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(11)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/11) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796621]: Words in [s. 777(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/13) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(12)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/12/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796741]: Words in [s. 777(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/13) inserted (retrospective to 6.4.2007 and with effect in accordance with art. 1(2) of the amending S.I.) by [The Income Tax Act 2007 (Amendment) (No. 2) Order 2009 (S.I. 2009/2859)](https://www.legislation.gov.uk/uksi/2009/2859), [arts. 1](https://www.legislation.gov.uk/uksi/2009/2859/article/1), [2(3)(a)](https://www.legislation.gov.uk/uksi/2009/2859/article/2/3/a)
[^c23796641]: [S. 777(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/13): definition of "capital" substituted for definition of "capital amount" (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by virtue of [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(12)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/12/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796761]: [S. 777(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/13): words in definition of "capital" substituted (retrospective to 6.4.2007 and with effect in accordance with art. 1(2) of the amending S.I.) by [The Income Tax Act 2007 (Amendment) (No. 2) Order 2009 (S.I. 2009/2859)](https://www.legislation.gov.uk/uksi/2009/2859), [arts. 1](https://www.legislation.gov.uk/uksi/2009/2859/article/1), [2(3)(b)](https://www.legislation.gov.uk/uksi/2009/2859/article/2/3/b)
[^c23796721]: Words in [s. 777(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/13) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 185(12)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/185/12/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21627551]: Source—1970 s.490
[^c21627561]: *See* S.I.[1989 No.1343](https://www.legislation.gov.uk/ukcm/1989/1343) (N.I.14) Sch.1 para.38(3)*for construction in the case of a solicitor who is an officer or employee of a recognised body.*
[^c23796781]: Words in [s. 778(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/778/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 186(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/186/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796801]: Words in [s. 778(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/778/2/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 186(b)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/186/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23796821]: Words in [s. 778(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/778/2/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 186(b)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/186/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22902761]: [S. 779](https://www.legislation.gov.uk/ukpga/1988/1/section/779) restricted (11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 23](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/23)
[^c21627571]: Source—1970 s.491
[^c22902821]: [S. 779(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/1/2) excluded (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 24(8)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/24/8) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c23082471]: [S. 779](https://www.legislation.gov.uk/ukpga/1988/1/section/779) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 22](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/22) (with [s. 43(6)](https://www.legislation.gov.uk/ukpga/1996/55/section/43/6))
[^c22904051]: [S. 779(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/1/2) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 10](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/10)
[^c22904011]: Words in [s. 779(13)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/a) repealed (with effect in accordance with s. 39(4)(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 27](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/27), [Sch. 29 Pt. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/1), Note
[^c23312471]: [S. 779](https://www.legislation.gov.uk/ukpga/1988/1/section/779) excluded (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [s. 425(2)](https://www.legislation.gov.uk/ukpga/1999/29/section/425/2), [Sch. 33 para. 13(1)](https://www.legislation.gov.uk/ukpga/1999/29/schedule/33/paragraph/13/1); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), [art. 2](https://www.legislation.gov.uk/uksi/1999/3434/article/2)
[^c23264461]: Words in [s. 779(13)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/b) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23796881]: Words in [s. 779(13)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/e) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 101](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/101) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23796901]: Words in [s. 779(13)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/d) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 32(2)
[^c23796921]: Words in [s. 779(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/10) renumbered as s. 779(10)(a) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by virtue of [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23796941]: Words in [s. 779(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/10/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23796961]: Words in [s. 779(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/10/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23796981]: [S. 779(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/10/b) and preceding word inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797001]: Words in [s. 779(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/10) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(2)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/2/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797021]: [S. 779(13)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/aa) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797061]: Words in [s. 779(13)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/c) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797041]: [S. 779(13)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/ca) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797081]: Words in [s. 779(13)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/ca) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 187(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/187/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23797101]: Words in [s. 779(13)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/ca) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 187(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/187/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23082491]: [S. 780](https://www.legislation.gov.uk/ukpga/1988/1/section/780) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 23](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/23) (with [s. 43](https://www.legislation.gov.uk/ukpga/1996/55/section/43))
[^c21627581]: Source—1972 s.80
[^c23269121]: Words in [s. 780(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/780/3/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23797221]: Words in [s. 780(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/780/3/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 315(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/315/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797241]: [S. 780(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/780/3A/3B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 315(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/315/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797261]: [S. 780(3C)](https://www.legislation.gov.uk/ukpga/1988/1/section/780/3C) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 188](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/188) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22902841]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) modified (11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 19(1)-(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/19/1)
[^c22902861]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) excluded (11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 19(6)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/19/6)
[^c22902921]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) modified (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 18(1)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/18/1) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c22904071]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) modified (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 11(1)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/11/1)
[^c21627591]: Source—1970 s.492 (1)-(5), (7)-(9); 1971 Sch.8 16(7)
[^c21627601]: *See* 1979(C) s.106*and* Sch.3 para.9—*amounts charged under* s.781*to be excluded in computing capital gains.*
[^c23082531]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) modified (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 24(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/24/1) (with [s. 43](https://www.legislation.gov.uk/ukpga/1996/55/section/43))
[^c23082391]: Words in [s. 781(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/8) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 21(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/21/2)
[^c23082411]: [S. 781(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/8A) inserted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 21(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/21/3)
[^c23312441]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) excluded (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [s. 425(2)](https://www.legislation.gov.uk/ukpga/1999/29/section/425/2), [Sch. 33 para. 13(2)](https://www.legislation.gov.uk/ukpga/1999/29/schedule/33/paragraph/13/2); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), [art. 2](https://www.legislation.gov.uk/uksi/1999/3434/article/2)
[^c23271011]: Words in [s. 781(4)(a)(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/4/a/5/b) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23312701]: Words in [s. 781(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/9) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 57](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/57)
[^c23797301]: Words in [s. 781(4)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/4/d) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 102](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/102) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23797321]: Words in [s. 781(4)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/4/c) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 33(2)
[^c23797401]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) modified (8.6.2005) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 paras. 8](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/8), [20](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/20); [S.I. 2005/1444](https://www.legislation.gov.uk/uksi/2005/1444), [art. 2(1)](https://www.legislation.gov.uk/uksi/2005/1444/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2005/1444/schedule/1)
[^c23797341]: Words in [s. 781(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 316(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/316/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797361]: [S. 781(4)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/4/ab) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 316(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/316/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797381]: Words in [s. 781(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/4/b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 316(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/316/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797471]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 paras. 16](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/16), [25](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/25)
[^c23797451]: [S. 781(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/1A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 189(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/189/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23797411]: Words in [s. 781(4)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/4/ab) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 189(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/189/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23797431]: Words in [s. 781(4)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/4/ab) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 189(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/189/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22902941]: [S. 782](https://www.legislation.gov.uk/ukpga/1988/1/section/782) excluded (11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 19(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/19/5)
[^c22902961]: [S. 782](https://www.legislation.gov.uk/ukpga/1988/1/section/782) excluded (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 18(2)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/18/2) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c22904091]: [S. 782](https://www.legislation.gov.uk/ukpga/1988/1/section/782) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 11(2)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/11/2)
[^c23082551]: [S. 782](https://www.legislation.gov.uk/ukpga/1988/1/section/782) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 24(2)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/24/2) (with [s. 43](https://www.legislation.gov.uk/ukpga/1996/55/section/43))
[^c21627621]: Source—1970 s.493; 1971 Sch.8 16(8)
[^c23312481]: [S. 782](https://www.legislation.gov.uk/ukpga/1988/1/section/782) excluded (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [s. 425(2)](https://www.legislation.gov.uk/ukpga/1999/29/section/425/2), [Sch. 33 para. 13(1)](https://www.legislation.gov.uk/ukpga/1999/29/schedule/33/paragraph/13/1); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), [art. 2](https://www.legislation.gov.uk/uksi/1999/3434/article/2)
[^c23276161]: Words in [s. 782(1)(a)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/782/1/a/2/3) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23797581]: Words in [s. 782(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/782/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 317](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/317) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797601]: [S. 782(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/782/1A) inserted (with effect in accordance with [Sch. 9 para. 3(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/3/3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 9 para. 3(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/3/2)
[^c21627631]: Source—1970 s.494
[^c22902981]: [S. 783(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/783/2) restricted (11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 19(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/19/2)
[^c22903001]: [S. 783(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/783/4) excluded (11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 19(1)(a)(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/19/1/a/3)
[^c21627641]: *See*—s.756—s.783(11)*applied for purposes of* Part XVII Ch.IV (*controlled foreign companies*),s.798(10)—s.783(11)*applied for purposes of* s.798 (*interest on certain overseas loans*).
[^c23797661]: [S. 783(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/783/4) excluded (8.6.2005) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 paras. 8(2)](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/8/2), [20(2)](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/20/2); [S.I. 2005/1444](https://www.legislation.gov.uk/uksi/2005/1444), [art. 2(1)](https://www.legislation.gov.uk/uksi/2005/1444/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2005/1444/schedule/1)
[^c23797641]: Words in [s. 783(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/783/10/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 318](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/318) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797711]: [S. 783(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/783/4) excluded (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 paras. 16(2)](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/16/2), [25(2)](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/25/2)
[^c23797671]: Words in [s. 783(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/783/10/a) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [98](https://www.legislation.gov.uk/uksi/2005/3229/regulation/98)
[^c21627651]: Source—1970 s.495
[^c21627661]: Source—Consumer Credit Act 1974 Sch.4 29
[^c23279891]: Words in [s. 785](https://www.legislation.gov.uk/ukpga/1988/1/section/785) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23797791]: [S. 785](https://www.legislation.gov.uk/ukpga/1988/1/section/785): words in definition of "capital sum" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 319](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/319) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797811]: [S. 785](https://www.legislation.gov.uk/ukpga/1988/1/section/785): words in definition of "capital sum" substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 190](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/190) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21627681]: Source—1970 s.496
[^c22992861]: [S. 786(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/786/4) repealed (with effect in accordance with s. 159(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/1), [Sch. 41 Pt. 5(21)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/21), Note 1; [S.I. 1996/2646](https://www.legislation.gov.uk/uksi/1996/2646), [art. 2](https://www.legislation.gov.uk/uksi/1996/2646/article/2)
[^c23798221]: Words in [s. 786(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/786/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 320(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/320/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23798261]: [S. 786(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/786/3A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 320(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/320/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23798241]: Words in [s. 786(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/786/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 320(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/320/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23798281]: [S. 786(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/786/5A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 320(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/320/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23798301]: [S. 786(5ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/786/5ZA) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 8(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/8/2)
[^c21627691]: Source—1976 s.38
[^c23798441]: [S. 787](https://www.legislation.gov.uk/ukpga/1988/1/section/787) extended (with effect in accordance with s. 56 of the affecting Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 2 para. 8](https://www.legislation.gov.uk/ukpga/2005/7/schedule/2/paragraph/8)
[^c23313081]: [S. 787(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/787/1A) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 53(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/53/2)
[^c23313101]: [S. 787(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/787/3) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 53(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/53/3)
[^c23797851]: [S. 785A(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/785A/5A) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 7(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/7/2)
[^c23794991]: Words in [s. 775A(4)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/775A/4/c) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 183](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/183) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23793711]: [S. 774B(1)-(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/774B/1) substituted for s. 774B(1) (with effect in accordance with [Sch. 5 para. 7(1)-(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/7/1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 3(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/3/2)
[^c23793731]: Words in [s. 774B(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/774B/4/a) substituted (with effect in accordance with [Sch. 5 para. 7(1)-(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/7/1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 3(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/3/3)
[^c23793751]: Words in [s. 774B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/774B/5) substituted (with effect in accordance with [Sch. 5 para. 7(1)-(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/7/1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 3(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/3/4)
[^c23793811]: [S. 774D(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/774D/2A) inserted (with effect in accordance with [Sch. 5 para. 7(1)-(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/7/1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 4](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/4)
[^c23794611]: [S. 774E(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/774E/4/b) substituted (with effect in accordance with [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 9](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/9)
[^c23794591]: Words in [s. 774E(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/774E/5/b) substituted (with effect in accordance with [Sch. 5 para. 17(5)-(9)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/17/5) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 17(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/17/4)
[^c23794631]: Words in [s. 774E(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/774E/7/a) substituted (with effect in accordance with [Sch. 5 para. 7(1)-(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/7/1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 5](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/5)
[^c23794771]: Words in [s. 774G(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/774G/3/a) substituted (with effect in accordance with [Sch. 5 para. 7(1)-(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/7/1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 6(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/6/2/a)
[^c23794791]: [S. 774G(3)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/774G/3/a/ii) and preceding word inserted (with effect in accordance with [Sch. 5 para. 7(1)-(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/7/1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/6/2/b)
[^c23794811]: Words in [s. 774G(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/774G/3/c) substituted (with effect in accordance with [Sch. 5 para. 7(1)-(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/7/1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 6(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/6/3)
[^c23794831]: [S. 774G(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/774G/5A) inserted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 paras. 6(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/6/4), [7(6)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/7/6)
[^c21627721]: *See*—1970 ss.267, 273, 273A*and* 276(groups)—*disapplication of those provisions in the case of companies treated as resident outside the U.K. by virtue of* s.788.1989 s.115—*calculation of tax credit for non-resident on gross amount of distribution.*1990 s.32(8)—*application of* s.788*to assets held by employee share ownership trusts.* [S. 788](https://www.legislation.gov.uk/ukpga/1988/1/section/788) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 194(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/194/1)
[^c21627741]: Source—1970 s.497(1)-(8); 1972 ss.98(2), 100(1); 1976 s.50(2); 1987 s.70(1)
[^c22810261]: [S. 788](https://www.legislation.gov.uk/ukpga/1988/1/section/788) restricted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 57](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/57)
[^c22810241]: Words in [s. 788(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/5) repealed (1.4.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 1](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/1), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c22810221]: Words in [s. 788(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/5) inserted (with effect in accordance with [Sch. 30 para. 2(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/2/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/2/1)
[^c22810271]: Words in [s. 788(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/1) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/1)
[^c22810291]: Words in [s. 788(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/7/a) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c23799001]: Words in [s. 788(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/3/d) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 321(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/321/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23799021]: Words in [s. 788(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 321(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/321/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23799061]: [S. 788(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/2) repealed (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 26 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/8/2)
[^c23799041]: [S. 788(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/10) substituted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 176](https://www.legislation.gov.uk/ukpga/2006/25/section/176)
[^c21627751]: Source—1970 s.497(9), (10); 1971 sch.6 74; 1972 s.100(1)
[^c21627761]: [1952 c.10](https://www.legislation.gov.uk/ukpga/1952/10).
[^c21627771]: [1965 c. 25](https://www.legislation.gov.uk/ukpga/1965/25).
[^c22810331]: Words in [s. 789(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/789/2) substituted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 21](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/21)
[^c23799101]: [S. 789(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/789/2/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 191(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/191/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23799121]: Words in [s. 789(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/789/2/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 191(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/191/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21627781]: Source—1970 s.498(1); 1972 s.100(1)
[^c21627791]: Source—1970 s.498(2)
[^c21627801]: Source—1970 s.498(3); 1972 s.100(1)
[^c21627811]: Source—1970 s.498(4); 1971 s.26(3); 1972 s.83(1)-(5)
[^c21627821]: Source—1970 s.498(5), (6); 1972 s.100(1)
[^c22810431]: [S. 790](https://www.legislation.gov.uk/ukpga/1988/1/section/790) restricted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 57](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/57)
[^c22810351]: Words in [s. 790(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/3) substituted (with effect in accordance with [Sch. 30 para. 3(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 3(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/3/2)
[^c22810391]: Words in [s. 790(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/6) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/2)
[^c22810411]: [S. 790(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/6A) inserted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/3)
[^c22810371]: [S. 790(10A)-(10C)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/10A) inserted (with effect in accordance with [Sch. 30 para. 3(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 3(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/3/3)
[^c22894231]: Words in [s. 790(3)(5)(b)(10A)(d)(10C)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/3/5/b/10A/d/10C) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c23799161]: Words in [s. 790(6A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/6A/b) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23799171]: Words in [s. 790(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/11) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 322](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/322) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21627831]: *For regulations see* Part III Vol.5
[^c21627841]: Source—1970 s.517
[^c21627871]: Source—1970 s.500
[^c22894301]: Words in [s. 792(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/792/1/3) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c23802251]: [S. 792](https://www.legislation.gov.uk/ukpga/1988/1/section/792) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23802231]: [S. 792(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/792/1): words in definition of "foreign tax" inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 115(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/115/1)
[^c23802281]: [Ss. 793-795A](https://www.legislation.gov.uk/ukpga/1988/1/section/793) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c21627881]: Source—1970 s.501; 1972 s.100 (1).
[^c23802261]: [S. 793(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/793/3) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 192](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/192) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21627891]: Source—1970 s.502; 1982 s.67; 1972 s.100(1).
[^c22894511]: [S. 794(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/794/2/bb) inserted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/5)
[^c22894531]: [S. 794(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/794/2/c) repealed (with effect in accordance with Sch. 30 para. 4(14) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/6), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13)
[^c23802331]: [Ss. 793-795A](https://www.legislation.gov.uk/ukpga/1988/1/section/793) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23802301]: Words in [s. 794(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/794/2/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 103](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/103) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23802321]: [S. 794(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/794/2/bb) modified (with effect in accordance with s. 153(4) of the modifying Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/a)
[^c21627901]: Source—1970 s.503; 1972 s.100(1); 1987 Sch.15 2(18)
[^c22894551]: [S. 795(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/4) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 41](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/41) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22894601]: Words in [s. 795(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/2/b) renumbered as s. 795(2)(b)(i) (with effect in accordance with [Sch. 27 para. 1(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/1/4) of the amending Act) by virtue of [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 1(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/1/2)
[^c22894571]: [S. 795(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/2/b/ii) and preceding word inserted (with effect in accordance with [Sch. 27 para. 1(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/1/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 1(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/1/2)
[^c22894631]: [S. 795(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/3A) inserted (with effect in accordance with [Sch. 27 para. 1(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/1/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 1(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/1/3)
[^c22894671]: Words in [s. 795(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/4) renumbered as s. 795(4)(a) (24.7.2002) by virtue of [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 5(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/5/2)
[^c22894651]: [S. 795(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/4/b) and preceding word inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 5(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/5/2)
[^c23802431]: [Ss. 793-795A](https://www.legislation.gov.uk/ukpga/1988/1/section/793) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23802341]: Words in [s. 795(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/1) renumbered as s. 795(1)(a) (22.7.2004) by virtue of [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 112(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/112/2)
[^c23802361]: [S. 795(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/1/b) and preceding word inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 112(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/112/2)
[^c23802421]: [S. 795(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/1/b) modified by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 277(1A)-(1C)](https://www.legislation.gov.uk/ukpga/1992/12/section/277/1A) (as inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 112(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/112/6))
[^c23802381]: Words in [s. 795(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/2/a) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 112(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/112/3)
[^c23802401]: [S. 795(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/5) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 112(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/112/4)
[^c21627911]: Source—1970 s.504
[^c22894701]: Words in [s. 796(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/796/1) inserted (with effect in accordance with [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/12)
[^c23802541]: Words in [s. 796(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/796/1) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 193(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/193/2) (with [Sch. 1 para. 193(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/193/5) (as inserted by [S.I. 2007/3506](https://www.legislation.gov.uk/uksi/2007/3506), [arts. 1](https://www.legislation.gov.uk/uksi/2007/3506/article/1), [3(5)](https://www.legislation.gov.uk/uksi/2007/3506/article/3/5) and as amended by [S.I. 2009/2859](https://www.legislation.gov.uk/uksi/2009/2859), [arts. 1](https://www.legislation.gov.uk/uksi/2009/2859/article/1), [4(6)(b)](https://www.legislation.gov.uk/uksi/2009/2859/article/4/6/b)), Sch. 2)
[^c23802561]: [S. 796(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/796/2A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 193(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/193/3) (with [Sch. 1 para. 193(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/193/5) (as inserted by [S.I. 2007/3506](https://www.legislation.gov.uk/uksi/2007/3506), [arts. 1](https://www.legislation.gov.uk/uksi/2007/3506/article/1), [3(5)](https://www.legislation.gov.uk/uksi/2007/3506/article/3/5) and as amended by [S.I. 2009/2859](https://www.legislation.gov.uk/uksi/2009/2859), [arts. 1](https://www.legislation.gov.uk/uksi/2009/2859/article/1), [4(6)(b)](https://www.legislation.gov.uk/uksi/2009/2859/article/4/6/b)), Sch. 2)
[^c23802581]: Words in [s. 796(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/796/3) substituted (6.4.2007 with effect in accordance with [S.I. 2009/2859](https://www.legislation.gov.uk/uksi/2009/2859), [art. 1(2)](https://www.legislation.gov.uk/uksi/2009/2859/article/1/2)) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 193(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/193/4) (as substituted by [S.I. 2009/2859](https://www.legislation.gov.uk/uksi/2009/2859), [art. 4(6)(a)](https://www.legislation.gov.uk/uksi/2009/2859/article/4/6/a)) (with Sch. 2)
[^c21627921]: Source—1970 s.505; 1972 s.100(1), (3); 1984 s.53(1)
[^c21627931]: Source—1972 s.100(4)-(6A); 1984 s.53(1); 1986 s.49; 1987 (No.2) s.77
[^c22894721]: [S. 797(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/3A/3B) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 42(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/42/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22894771]: Words in [s. 797(3B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/3B/b) repealed (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(2)(a)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/2/a/4), [Sch. 27 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/17), Note
[^c22894741]: [S. 797(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/6) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 42(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/42/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22894781]: [S. 797(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/4/5) repealed (with effect in accordance with Sch. 3 para. 35(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 35(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/35/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22894801]: Words in [s. 797(3B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/3B/b) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 54](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/54)
[^c23802601]: Words in [s. 797(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/1) substituted (with effect in accordance with [s. 154(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/154/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 154(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/154/2)
[^c23802621]: Words in [s. 797(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/2) substituted (with effect in accordance with [s. 154(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/154/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 154(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/154/3)
[^c23802641]: [S. 797(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/2A) inserted (with effect in accordance with [s. 154(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/154/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 154(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/154/4)
[^c23802681]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23802661]: Words in [s. 797(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/3) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 34(2)
[^c23803041]: [Ss. 798-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/798) substituted for ss. 798-798B (with effect in accordance with [s. 86(3)-(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/3) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 86(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/1)
[^c23803121]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c22894841]: Word at the end of s. 797A(5)(a) inserted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(2)(b)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/2/b/4)
[^c22894821]: [S. 797A(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/5/c) and preceding word repealed (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(2)(b)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/2/b/4), [Sch. 27 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/17), Note
[^c22894861]: Words at the end of s. 797A(5) inserted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(2)(c)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/2/c/4)
[^c22894901]: Words in [s. 797A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/6) substituted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(2)(d)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/2/d/4)
[^c22894881]: Words at the end of s. 797A(7) inserted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(2)(e)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/2/e/4)
[^c22894931]: Word in [s. 797A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/1/a) substituted (with effect in accordance with [Sch. 30 para. 7(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/7/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/7/2/a)
[^c22894951]: Words in [s. 797A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/1/b) substituted (with effect in accordance with [Sch. 30 para. 7(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/7/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/7/2/b)
[^c23802771]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c22894991]: Words in [s. 797A(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/5/a) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 55(2)(a)(i)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/55/2/a/i)
[^c22895011]: Words in [s. 797A(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/5/a) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 55(2)(a)(ii)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/55/2/a/ii)
[^c22895071]: [S. 797A(5)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/5/aa) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 55(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/55/2/b)
[^c22895031]: Word in [s. 797A(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/5/b) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 55(2)(c)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/55/2/c)
[^c22895101]: Words in [s. 797A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/5) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c22895051]: Words in [s. 797A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/6) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 55(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/55/3)
[^c22895141]: Words in [s. 797A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/7) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23803061]: [Ss. 798-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/798) substituted for ss. 798-798B (with effect in accordance with [s. 86(3)-(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/3) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 86(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/1)
[^c23803131]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23803081]: [Ss. 798-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/798) substituted for ss. 798-798B (with effect in accordance with [s. 86(3)-(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/3) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 86(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/1)
[^c23803141]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23802291]: [Ss. 793-795A](https://www.legislation.gov.uk/ukpga/1988/1/section/793) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c22894471]: Words in [s. 793A(1)(a)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/793A/1/a/3) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c23802531]: [Ss. 793-795A](https://www.legislation.gov.uk/ukpga/1988/1/section/793) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c22894501]: Words in [s. 795A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/795A/1/b) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c23802961]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23803151]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23803281]: [S. 798C(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/798C/2) substituted for s. 798C(2) (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 194](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/194) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21627961]: Source—1970 s.506; 1976 s.50(3)
[^c22895281]: Words in [s. 799(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/1) renumbered as s. 799(1)(a) (with effect in accordance with [Sch. 30 para. 8(5)(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/5/6) of the amending Act) by virtue of [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 8(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/2)
[^c22895261]: [S. 799(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/1/b) and preceding word inserted (with effect in accordance with [Sch. 30 para. 8(5)(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/5/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 8(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/2)
[^c22895291]: [S. 799(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/1A) inserted (with effect in accordance with [Sch. 30 para. 8(5)(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/5/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 8(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/3)
[^c22895311]: Word at the end of s. 799(3)(a) inserted (with effect in accordance with [Sch. 30 para. 8(5)(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/5/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 8(4)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/4/a)
[^c22895331]: [S. 799(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/3/b) repealed (with effect in accordance with Sch. 30 para. 8(5)(6) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 8(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/4/b), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c22895351]: Words in [s. 799(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/3/c) substituted (with effect in accordance with [Sch. 30 para. 8(5)(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/5/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 8(4)(c)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/4/c)
[^c22895371]: [S. 799(5)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/5) added (with effect in accordance with [Sch. 30 para. 9(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/9/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 9(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/9/2)
[^c22895391]: [S. 799(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/1A) substituted (with effect in accordance with [Sch. 27 para. 2(4)(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/2/4/5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 2(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/2/2)
[^c22895411]: [S. 799(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/1B) inserted (with effect in accordance with [Sch. 27 para. 2(4)(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/2/4/5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/2/3)
[^c23803451]: [S. 799(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/2A) inserted (with effect in accordance with [s. 85(2)](https://www.legislation.gov.uk/ukpga/2005/7/section/85/2) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 85(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/85/1)
[^c23803471]: Words in [s. 799(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/6/b) inserted (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 7](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/7)
[^c21627981]: Source—1970 s.508; 1971 s.26(2)
[^c22895871]: Words in [s. 801(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/1) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(8)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/8/a)
[^c22895891]: Words in [s. 801(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/1) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(8)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/8/b)
[^c22895911]: [S. 801(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/1A) inserted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/9)
[^c22895931]: [S. 801(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/2A) inserted (with effect in accordance with [Sch. 30 para. 11(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/11/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 11(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/11/2)
[^c22895971]: [S. 801(4A)-(4D)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/4A) inserted (with effect in accordance with [Sch. 27 para. 3(4)(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/3/4/5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 3(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/3/3)
[^c23803591]: Words in [s. 801(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/1A/b) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23803671]: Words in [s. 801(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/2) substituted (with effect in accordance with [s. 91(8)](https://www.legislation.gov.uk/ukpga/2005/7/section/91/8) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 91(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/91/5)
[^c23803601]: [S. 801(2A)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/2A/aa) inserted (with effect in accordance with [s. 89(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/89/5) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 89(2)](https://www.legislation.gov.uk/ukpga/2005/7/section/89/2)
[^c23803641]: [S. 801(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/2B) inserted (with effect in accordance with [s. 89(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/89/5) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 89(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/89/3)
[^c23803691]: [S. 801(4A)-(4D)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/4A) repealed (with effect in accordance with s. 91(8) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 91(6)](https://www.legislation.gov.uk/ukpga/2005/7/section/91/6), [Sch. 11 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/9), Note
[^c23803651]: [S. 801(6)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/6/7) inserted (with effect in accordance with [s. 89(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/89/5) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 89(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/89/4)
[^c23803741]: [S. 801(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/5A) inserted (with effect in accordance with [s. 43(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/43/3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 43(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/43/2)
[^c21628011]: Source—1982 s.66; 1987 (No.2) s.68
[^c22896271]: Words in [s. 803(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/1/b) inserted (with effect in accordance with [s. 106(11)(12)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/11/12) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 106(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/2/a)
[^c22896291]: Words in [s. 803(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/1/c) substituted (with effect in accordance with [s. 106(11)(12)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/11/12) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 106(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/2/b)
[^c22896311]: [S. 803(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/1/d) substituted (with effect in accordance with [s. 106(11)(12)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/11/12) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 106(2)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/2/c)
[^c22896331]: Words in [s. 803(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/3) substituted (with effect in accordance with [s. 106(11)(12)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/11/12) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 106(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/3)
[^c22896591]: [S. 803(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/10) substituted for s. 803(10)(11) (with effect in accordance with [s. 106(11)(12)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/11/12) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 106(10)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/10)
[^c23803891]: Words in [s. 803(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/1/d) substituted (with effect in accordance with [s. 86(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 86(2)(a)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/2/a)
[^c23803911]: [S. 803(4)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/4) repealed (with effect in accordance with s. 86(3)(4) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 86(2)(b)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/2/b), [Sch. 11 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/8), Note
[^c23803981]: Words in [s. 803(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/10) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 196](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/196) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22896071]: Words in [s. 801A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/801A/1/a) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(11)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/11)
[^c22896091]: Words in [s. 801A(2)(7)(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/801A/2/7/11) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/12)
[^c23803871]: [S. 801A(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/801A/9) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 195](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/195) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23804001]: [S. 803A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/803A/1A) inserted (with effect in accordance with [s. 90(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/90/3) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 90(2)](https://www.legislation.gov.uk/ukpga/2005/7/section/90/2)
[^c21628021]: Source—1970 s.510; 1971 Sch.6 75
[^c22897241]: Words in [s. 804(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/1) substituted (with effect in accordance with [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 217(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/217/1) (with [Sch. 20 para. 12(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/12/1))
[^c22897261]: [S. 804(5)-(5C)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/5) substituted for s. 804(5) (with effect in accordance with [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 217(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/217/2) (with [Sch. 20 para. 12(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/12/1))
[^c22897281]: [S. 804(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/8): definition of "overlap profit" inserted (with effect in accordance with [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 217(3)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/217/3/a) (with [Sch. 20 para. 12(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/12/1))
[^c22897301]: [S. 804(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/8): definitions of "non-basis period" and "years of commencement" repealed (with effect in accordance with s. 218 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 217(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/217/3/b), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 7 (with Sch. 20 para. 12(1))
[^c22897331]: Words in [s. 804(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/8) repealed (with effect in accordance with s. 218 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 217(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/217/3/b), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 7 (with Sch. 20 para. 12(1))
[^c22897351]: Words in [s. 804(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/7) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 22](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/22)
[^c23804191]: Words in [s. 804(5)(b)(5A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/5/b/5A/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 323(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/323/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23804241]: Words in [s. 804(5B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/5B/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 323(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/323/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23804261]: Words in [s. 804(5C)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/5C) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 323(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/323/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23804281]: [S. 804(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/8): words in definition of "overlap profit" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 323(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/323/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23804301]: Words in [s. 804(5B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/5B/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 197(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/197/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23804321]: [S. 804(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/6) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 197(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/197/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22897371]: Words in [s. 804A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/804A/3) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note
[^c22897391]: [S. 804A(1)-(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/804A/1) substituted for s. 804A(1) (with effect in accordance with [Sch. 30 para. 16(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 16(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/2)
[^c22897411]: Words in [s. 804A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/804A/3) substituted (with effect in accordance with [Sch. 30 para. 16(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 16(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/3)
[^c22897431]: Words in [s. 804A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/804A/5) substituted (with effect in accordance with [Sch. 30 para. 16(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 16(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/4)
[^c23804341]: Words in [s. 804A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/804A/1/a) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23804351]: Words in [s. 804A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/804A/1) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 48](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/48) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c21628041]: *See* s.732(4)—*dealers in securities.*
[^c23805031]: [Ss. 805](https://www.legislation.gov.uk/ukpga/1988/1/section/805), [806](https://www.legislation.gov.uk/ukpga/1988/1/section/806) applied (31.12.2006 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/3262/regulation/1/1), [4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c21628051]: Source—1970 s.511; 1972 s.100(1)
[^c21628061]: *See* s.448—*overseas life assurance companies.*
[^c22897581]: [S. 806(3)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/806/3) inserted (17.3.1998 with effect in accordance with [s. 107(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/107/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 107(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/107/1)
[^c22897601]: [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34).
[^c22897611]: [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9).
[^c23805041]: [Ss. 805](https://www.legislation.gov.uk/ukpga/1988/1/section/805), [806](https://www.legislation.gov.uk/ukpga/1988/1/section/806) applied (31.12.2006 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/3262/regulation/1/1), [4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c22897621]: [S. 806(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/806/1) substituted (with effect in accordance with [Sch. 30 para. 20(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/20/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 20(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/20/2)
[^c22897471]: [S. 804B](https://www.legislation.gov.uk/ukpga/1988/1/section/804B) modified (25.10.2000) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 30C](https://www.legislation.gov.uk/uksi/1997/473/regulation/30C) (as inserted by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2000 (S.I. 2000/2710)](https://www.legislation.gov.uk/uksi/2000/2710), [regs. 1](https://www.legislation.gov.uk/uksi/2000/2710/regulation/1), [6](https://www.legislation.gov.uk/uksi/2000/2710/regulation/6); and as amended by [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [25](https://www.legislation.gov.uk/uksi/2004/822/regulation/25))
[^c22897211]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c23804411]: Words in [s. 804B(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/7/a) substituted (with effect in accordance with [Sch. 33 para. 11(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 11(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/1/a)
[^c23804431]: Words in [s. 804B(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/7/b) substituted (with effect in accordance with [Sch. 33 para. 11(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 11(1)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/1/b)
[^c23804471]: [S. 804B](https://www.legislation.gov.uk/ukpga/1988/1/section/804B) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [23](https://www.legislation.gov.uk/uksi/2005/2014/regulation/23) (as amended by: [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [22](https://www.legislation.gov.uk/uksi/2007/2134/regulation/22); [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/1/2), [10](https://www.legislation.gov.uk/uksi/2008/1937/regulation/10))
[^c23804451]: [S. 804B(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/7A) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 7](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/7)
[^c23804481]: Words in [s. 804B(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/1/a) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 49(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/49/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23804651]: Words in [s. 804B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/2) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 49(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/49/3), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23804501]: [S. 804B(3)(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/3/3A) substituted for s. 804B(3) (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 49(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/49/4) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23804521]: Words in [s. 804B(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/4/b) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 49(5)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/49/5/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23804671]: Words in [s. 804B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/4) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 49(5)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/49/5/b), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23804541]: Words in [s. 804B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/5) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 49(6)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/49/6) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23804691]: Words in [s. 804B(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/6) repealed (with effect in accordance with s. 38(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 49(7)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/49/7/a), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7), Note (with Sch. 7 Pt. 2)
[^c23804561]: Words in [s. 804B(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/6) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 49(7)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/49/7/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23804591]: Words in [s. 804B(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/7) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 49(8)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/49/8/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23804611]: Words in [s. 804B(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/7/a) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 49(8)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/49/8/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23804631]: [S. 804B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/9) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 49(9)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/49/9) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23804741]: Words in [s. 804C(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/804C/4/5) substituted (with effect in accordance with [Sch. 33 para. 11(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 11(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/3)
[^c23804771]: [S. 804C(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/804C/13) substituted (with effect in accordance with [Sch. 33 para. 11(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 11(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/4)
[^c23804831]: [S. 804C](https://www.legislation.gov.uk/ukpga/1988/1/section/804C) modified by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 52A(6)-(9)](https://www.legislation.gov.uk/uksi/2006/964/regulation/52A/6) (as substituted (1.1.2009 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159)](https://www.legislation.gov.uk/uksi/2008/3159), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2008/3159/regulation/1/1), [16](https://www.legislation.gov.uk/uksi/2008/3159/regulation/16))
[^c23804791]: Words in [s. 804C(14)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/804C/14/a) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 50(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/50/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23804811]: Words in [s. 804C(14)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/804C/14/b) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 50(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/50/b) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c22897551]: [S. 804D](https://www.legislation.gov.uk/ukpga/1988/1/section/804D) modified (25.10.2000) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 30D](https://www.legislation.gov.uk/uksi/1997/473/regulation/30D) (as inserted by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2000 (S.I. 2000/2710)](https://www.legislation.gov.uk/uksi/2000/2710), [regs. 1](https://www.legislation.gov.uk/uksi/2000/2710/regulation/1), [6](https://www.legislation.gov.uk/uksi/2000/2710/regulation/6); and as amended by [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [26](https://www.legislation.gov.uk/uksi/2004/822/regulation/26))
[^c23804881]: [S. 804D](https://www.legislation.gov.uk/ukpga/1988/1/section/804D) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [24](https://www.legislation.gov.uk/uksi/2005/2014/regulation/24)
[^c22897221]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c23804891]: Words in [s. 804D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/804D/1) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 51(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/51/2) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23804911]: Words in [s. 804D(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/804D/3) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 51(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/51/3) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c22897231]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c23804931]: Words in [s. 804E(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/804E/1) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 52](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/52) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23804951]: [S. 804E(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/804E/3/d) repealed (with effect in accordance with Sch. 11 of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 27 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/11), Note
[^c23805011]: Words in [s. 804ZA(8)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/804ZA/8/c) repealed (with effect in accordance with s. 35(4)-(7) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 35(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/35/2), [Sch. 27 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/6), Note
[^c23804991]: [S. 804ZA(11A)](https://www.legislation.gov.uk/ukpga/1988/1/section/804ZA/11A) inserted (with effect in accordance with [s. 35(4)-(7)](https://www.legislation.gov.uk/ukpga/2007/11/section/35/4) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 35(3)](https://www.legislation.gov.uk/ukpga/2007/11/section/35/3)
[^c22898011]: Words in [s. 806A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/806A/5) added (with effect in accordance with [Sch. 27 para. 4(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/4/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 4(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/4/2)
[^c22898031]: [S. 806B(3)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/806B/3) substituted (with effect in accordance with [Sch. 27 para. 5(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/5/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 5(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/5/2)
[^c22898051]: Words in [s. 806B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/806B/9) substituted (with effect in accordance with [Sch. 27 para. 5(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/5/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 5(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/5/3)
[^c23805811]: [S. 806K(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/806K/1) modified (with effect in accordance with s. 153(4) of the modifying Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/a)
[^c23805821]: [S. 806K(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/806K/2/bb) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 324](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/324) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23805901]: Words in [s. 806L(1)(2)(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/806L/1/2/4/5) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23805881]: [S. 806L(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/806L/7) substituted (with effect in accordance with [s. 155(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/155/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 1(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/1/3)
[^c23805961]: [S. 806L(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/806L/5/b) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 53](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/53) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23806021]: Words in [s. 806M(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/806M/2) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c21628081]: Source—1985 Sch.23 37
[^c21628091]: Source—1988 Sch.23 38(1)-(3)
[^c22898151]: [S. 807(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/807/6) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 45](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/45) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23806331]: Words in [s. 807(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/807/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 325](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/325) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23806351]: Words in [s. 807(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/807/1/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 198(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/198/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23806371]: Words in [s. 807(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/807/1/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 198(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/198/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23806391]: Words in [s. 807(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/807/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 198(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/198/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23806491]: Words in [s. 807(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/807/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 198(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/198/4/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23806421]: Words in [s. 807(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/807/2/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 198(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/198/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23806451]: Words in [s. 807(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/807/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 198(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/198/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23806471]: [S. 807(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/807/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 198(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/198/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23806511]: [S. 807(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/807/6) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 198(8)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/198/8), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21628111]: Source—1976 s.50(1)
[^c21628121]: Words in [s. 808](https://www.legislation.gov.uk/ukpga/1988/1/section/808) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [Sch. 15 para.21](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/21)
[^c22899541]: Words in [s. 808](https://www.legislation.gov.uk/ukpga/1988/1/section/808) substituted (with effect in accordance with [s. 140(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/140/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 140(1)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/140/1/a)
[^c22899561]: Words in [s. 808](https://www.legislation.gov.uk/ukpga/1988/1/section/808) substituted (with effect in accordance with [s. 140(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/140/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 140(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/140/1/b)
[^c22899581]: Words in [s. 808](https://www.legislation.gov.uk/ukpga/1988/1/section/808) repealed (with effect in accordance with s. 140(2) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 140(1)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/140/1/c), [Sch. 26 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/18), Note
[^c23806761]: Words in [s. 808](https://www.legislation.gov.uk/ukpga/1988/1/section/808) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 54](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/54) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c21628141]: Source—1973 s.18
[^c23806841]: Words in [s. 809(1)(a)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/809/1/a/2) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 24(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/24/b), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23806871]: Words in [s. 809(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/809/1/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 199](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/199) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21628191]: Source—1970 s.516; 1973 s.40(1); 1987 Sch.15 2(19)
[^c21628212]: [S. 811(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/2/c) and preceding word repealed (with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103(2)(g)(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2/g/3/4), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(9)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/9)
[^c22899621]: [S. 811(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/3) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 47](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/47) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22899641]: [S. 811(4)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/4) inserted (with effect in accordance with [Sch. 30 para. 27(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/27/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 27(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/27/2)
[^c22899661]: [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34).
[^c22899671]: [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9).
[^c22899681]: Word preceding s. 811(2)(b) repealed (with effect in accordance with Sch. 27 para. 6(3) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 6(2)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/6/2/a), [Sch. 33 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/8), Note
[^c22899721]: [S. 811(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/2/d) inserted (with effect in accordance with [Sch. 27 para. 6(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/6/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 6(2)(c)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/6/2/c)
[^c22899761]: Words in [s. 811(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/3) renumbered as s. 811(3)(a) (24.7.2002) by virtue of [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 5(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/5/5)
[^c22899741]: [S. 811(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/3/b) and preceding word inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 5(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/5/5)
[^c23806891]: Words in [s. 811(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/2) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [s. 115(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/115/2)
[^c23806911]: Word at the end of s. 811(2)(a) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 200(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/200/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23806951]: [S. 811(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/2/b) and word repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 200(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/200/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21628221]: Source—1985 s.54(1),(3)
[^c21628231]: Source—1985 s.54(6) Sch.13 5
[^c21628241]: Source—1985 s.54(4),(5)
[^c21628251]: Source—1985 s.54(6) Sch.13 5.
[^c21628261]: Source—1985 s.54(7)(b), Sch.13 5(1)
[^c21628271]: Source—1985 s.54(7)(a)
[^c21628281]: Source—1985 s.54(8)
[^c22899771]: [S. 812(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/4/a) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 38(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/38/2), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c22899791]: Words in [s. 812(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/7) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 38(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/38/3)
[^c22899821]: Words in [s. 812(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/2) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c23807201]: Words in [s. 812(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 326(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/326/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23807221]: Words in [s. 812(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 326(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/326/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23807241]: [S. 812(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/5/c) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 201](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/201) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23807301]: Words in [s. 812(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/1/b) substituted (1.4.2010 with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [Sch. 8 para. 30](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/30) (with [Sch. 9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9))
[^c23807261]: Words in [s. 812(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/5/c) substituted (1.4.2010 with effect in accordance with [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [Sch. 1 para. 116(a)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/116/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^c23807281]: [S. 812(5)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/5/d) substituted (1.4.2010 with effect in accordance with [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [Sch. 1 para. 116(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/116/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^c21628291]: Source—1985 Sch.13 1
[^c21628301]: *Reproduced in* Part III Vol.5.
[^c21628311]: [S.I. 1973/317](https://www.legislation.gov.uk/uksi/1973/317).
[^c22899851]: [S. 813(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/813/6/b) repealed (with effect in accordance with Sch. 3 para. 37(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 37(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/37/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21628321]: Source-1985 Sch. 13 3
[^c23807321]: [S. 814(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/814/1) modified (with effect in accordance with s. 153(4) of the modifying Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/a)
[^c23807331]: Words in [s. 814(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/814/1/a) substituted (1.4.2010 with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [Sch. 8 para. 31](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/31) (with [Sch. 9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9))
[^c21628331]: Source—1985 Sch.13 4(1)
[^c21628391]: *See* 1979(C) s.10(4)—*application to capital gains tax.* [S. 816](https://www.legislation.gov.uk/ukpga/1988/1/section/816) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 277(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/277/4), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)) [S. 816](https://www.legislation.gov.uk/ukpga/1988/1/section/816) applied (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 194(5)](https://www.legislation.gov.uk/ukpga/1993/34/section/194/5)
[^c21628401]: Source—1970 s.518; 1972 s.100(1)
[^c21628411]: [S. 816(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/2A) inserted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 51(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/51/2)
[^c22900281]: [S. 816(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/3A) inserted (with effect in accordance with [Sch. 37 para. 9](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 2(1)(2)(d)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/2/1/2/d)
[^c22900311]: [S. 816(2ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/2ZA) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 146(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/146/2)
[^c22900331]: Word in [s. 816(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/1) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(c)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/c)
[^c23807421]: Words in [s. 816(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/1) substituted (18.4.2005) by [Commissioners for Revenue and Customs Act 2005 (c. 11)](https://www.legislation.gov.uk/ukpga/2005/11), [s. 53(1)](https://www.legislation.gov.uk/ukpga/2005/11/section/53/1), [Sch. 4 para. 37(a)](https://www.legislation.gov.uk/ukpga/2005/11/schedule/4/paragraph/37/a); [S.I. 2005/1126](https://www.legislation.gov.uk/uksi/2005/1126), [art. 2(2)(h)](https://www.legislation.gov.uk/uksi/2005/1126/article/2/2/h)
[^c23807481]: [S. 816(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/5) added (18.4.2005) by [Commissioners for Revenue and Customs Act 2005 (c. 11)](https://www.legislation.gov.uk/ukpga/2005/11), [s. 53(1)](https://www.legislation.gov.uk/ukpga/2005/11/section/53/1), [Sch. 4 para. 37(c)](https://www.legislation.gov.uk/ukpga/2005/11/schedule/4/paragraph/37/c); [S.I. 2005/1126](https://www.legislation.gov.uk/uksi/2005/1126), [art. 2(2)(h)](https://www.legislation.gov.uk/uksi/2005/1126/article/2/2/h)
[^c23808361]: [S. 816(2)(2ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/2/2ZA) repealed (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 26 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/8/2)
[^c23807471]: Words in [s. 816(2)(2ZA)(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/2/2ZA/2A) substituted (18.4.2005) by [Commissioners for Revenue and Customs Act 2005 (c. 11)](https://www.legislation.gov.uk/ukpga/2005/11), [s. 53(1)](https://www.legislation.gov.uk/ukpga/2005/11/section/53/1), [Sch. 4 para. 37(b)](https://www.legislation.gov.uk/ukpga/2005/11/schedule/4/paragraph/37/b); [S.I. 2005/1126](https://www.legislation.gov.uk/uksi/2005/1126), [art. 2(2)(h)](https://www.legislation.gov.uk/uksi/2005/1126/article/2/2/h)
[^c23810221]: Words in [s. 816(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/3) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 202(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/202/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23810731]: [S. 816(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/3A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 202(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/202/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23806781]: [S. 808A(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/808A/2) applied (with effect in accordance with s. 97(5)(6) of the affecting Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 103](https://www.legislation.gov.uk/ukpga/2004/12/section/103) (with [s. 106](https://www.legislation.gov.uk/ukpga/2004/12/section/106))
[^c23806791]: [S. 808A(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/808A/2) applied (6.4.2005 with effect in accordance with s. 883(1) of the affecting Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 764](https://www.legislation.gov.uk/ukpga/2005/5/section/764) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21628351]: [S. 815A](https://www.legislation.gov.uk/ukpga/1988/1/section/815A) applied (*retrospectively*) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 140C(5)](https://www.legislation.gov.uk/ukpga/1992/12/section/140C/5) (as inserted (*retrospectively*) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 45](https://www.legislation.gov.uk/ukpga/1992/48/section/45)) [S. 815A](https://www.legislation.gov.uk/ukpga/1988/1/section/815A) applied (*retrospectively*) by [Income and Corporation Taxes Act 1970 (c. 10)](https://www.legislation.gov.uk/ukpga/1970/10), [s. 269C(5)](https://www.legislation.gov.uk/ukpga/1970/10/section/269C/5) (as inserted (*retrospectively*) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 48](https://www.legislation.gov.uk/ukpga/1992/48/section/48))
[^c22900201]: [S. 815A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/815A/2) substituted for s. 815A(2)-(4) (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 39](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/39)
[^c23807351]: Words in [s. 815A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/815A/6) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23807381]: [S. 815A](https://www.legislation.gov.uk/ukpga/1988/1/section/815A) applied by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 140F(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/140F/4) (as substituted (29.11.2007 with effect in accordance with reg. 3 of the affecting S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 2](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/2))
[^c23807361]: Words in [s. 815A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/815A/1) inserted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 59(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/59/1)
[^c22898181]: Words in [s. 807A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2) inserted (with effect in accordance with [s. 91(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 91(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/2)
[^c22898201]: [S. 807A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2A) inserted (with effect in accordance with [s. 91(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 91(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/3)
[^c22898221]: Words in [s. 807A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/3/b) inserted (with effect in accordance with [s. 91(7)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/7) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 91(4)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/4)
[^c22898241]: [S. 807A(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/6A) inserted (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 91(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/5)
[^c22898291]: Words in [s. 807A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2/b) renumbered as s. 807A(2)(b)(i) (with effect in accordance with [Sch. 30 para. 24(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/24/4) of the amending Act) by virtue of [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 24(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/24/2)
[^c22898271]: [S. 807A(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2/b/ii) and preceding word inserted (with effect in accordance with [Sch. 30 para. 24(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/24/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 24(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/24/2)
[^c22898301]: [S. 807A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/7): definition of "relevant qualifying payment" inserted (with effect in accordance with [Sch. 30 para. 24(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/24/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 24(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/24/3)
[^c22898331]: Words in [s. 807A(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2/b/ii) substituted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 12(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/12/2/a) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c22898351]: Words in [s. 807A(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2/b/ii) substituted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 12(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/12/2/b) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c22898371]: [S. 807A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/7): definition of "relevant payment" inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 12(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/12/3) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c22898391]: [S. 807A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/7): definition of "relevant qualifying payment" repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 12(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/12/4), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c23806531]: [S. 807A(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2B) inserted (with effect in accordance with [Sch. 7 para. 5(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/5/3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 5(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/5/2)
[^c23806571]: [S. 807A(4)(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/4/5/b) repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 16(3)(g)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/16/3/g), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23806601]: Words in [s. 807A(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/6/a) repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 16(3)(g)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/16/3/g), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23806551]: [S. 807A(6A)-(6C)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/6A) substituted for s. 807A(6A) (with effect in accordance with [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 4](https://www.legislation.gov.uk/uksi/2007/2483/article/4)) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 14 para. 10](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/10)
[^c23806801]: [S. 808B(2)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/808B/2)(9) applied (with effect in accordance with s. 97(5)(6) of the affecting Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 103](https://www.legislation.gov.uk/ukpga/2004/12/section/103) (with [s. 106](https://www.legislation.gov.uk/ukpga/2004/12/section/106))
[^c23806811]: [S. 808B(2)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/808B/2)(9) applied (6.4.2005 with effect in accordance with s. 883(1) of the affecting Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 764](https://www.legislation.gov.uk/ukpga/2005/5/section/764) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22900221]: Words in [s. 815AA(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/815AA/1) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c21628421]: Source—1970 s.519.
[^c21628431]: *See* s.125—*annual payments for non-taxable consideration.*
[^c22800371]: [S. 817(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/1/b) restricted (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 8(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/8/3) (with [Sch. 29 para. 8(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/8/4))
[^c23812231]: Word in [s. 817(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 327(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/327/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812251]: Words in [s. 817(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 327(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/327/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812271]: Words in [s. 817(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 327(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/327/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812291]: Words in [s. 817(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 327(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/327/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812331]: Words in [s. 817(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 327(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/327/3/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812311]: Words in [s. 817(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 327(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/327/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21628891]: Source—1975 (No.2) s.47(3)(a)
[^c22801891]: Words in [s. 824(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/2) substituted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39) s. 146, Sch.13 para.7(c)
[^c22801921]: Words in [s. 824(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/2) repealed (on and after 18.8.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [ss. 178(7)](https://www.legislation.gov.uk/ukpga/1989/26/section/178/7), [187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch.17 Part 10](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/10); [S.I. 1989/1298](https://www.legislation.gov.uk/uksi/1989/1298)
[^c22801901]: Words in [s. 824(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/2) substituted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch.13 para.7(c)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/7/c)
[^c23813091]: Words in [s. 824(4A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/4A/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 331(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/331/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21629221]: *Repealed by* 1989 s.178(7)*and* 187*and* Sch.17 Part X*from* 18*August* 1989 (*see* S.I. [1989 No.1298](https://www.legislation.gov.uk/ukcm/1989/1298)).
[^c21629261]: *See* Table I*in* Vol.1*and see* 1989 s.178*for further regulation making powers and* Part III Vol.5*for regulations.*
[^c21629281]: *And see* Sch.30 para.1(9).
[^c22802181]: Words in [s. 826(7C)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7C) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 48(1)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/48/1/c) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22802941]: Words in [s. 826(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/5) re-numbered as s. 826(5)(a) (31.7.1998) by virtue of [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 34(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/34/2/a)
[^c22802951]: Words in [s. 826(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/5) re-numbered as s. 826(5)(b) (31.7.1998) by virtue of [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 34(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/34/2/b)
[^c22802961]: Words in [s. 826(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/5/b) inserted (with effect in accordance with [s. 34(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/34/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 34(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/34/3)
[^c22803451]: Words in [s. 826(8A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/a) substituted (with effect in accordance with [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/5) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 14 para. 1(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/1/4/a)
[^c21629551]: Source—1986 s.53.
[^c22803521]: [S. 827(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1B) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 7 para. 31](https://www.legislation.gov.uk/ukpga/1994/9/schedule/7/paragraph/31)
[^c22803541]: Words in [s. 827(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1) substituted (1.9.1994) by [Value Added Tax Act 1994 (c. 23)](https://www.legislation.gov.uk/ukpga/1994/23), [s. 101(1)](https://www.legislation.gov.uk/ukpga/1994/23/section/101/1), [Sch. 14 para. 10(2)(a)](https://www.legislation.gov.uk/ukpga/1994/23/schedule/14/paragraph/10/2/a)
[^c22803561]: Words in [s. 827(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1/a) substituted (1.9.1994) by [Value Added Tax Act 1994 (c. 23)](https://www.legislation.gov.uk/ukpga/1994/23), [s. 101(1)](https://www.legislation.gov.uk/ukpga/1994/23/section/101/1), [Sch. 14 para. 10(2)(b)](https://www.legislation.gov.uk/ukpga/1994/23/schedule/14/paragraph/10/2/b)
[^c22803581]: Words in [s. 827(1)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1/b/c) substituted (1.9.1994) by [Value Added Tax Act 1994 (c. 23)](https://www.legislation.gov.uk/ukpga/1994/23), [s. 101(1)](https://www.legislation.gov.uk/ukpga/1994/23/section/101/1), [Sch. 14 para. 10(2)(c)](https://www.legislation.gov.uk/ukpga/1994/23/schedule/14/paragraph/10/2/c)
[^c22803611]: Words in [s. 827(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/2) substituted (1.9.1994) by [Value Added Tax Act 1994 (c. 23)](https://www.legislation.gov.uk/ukpga/1994/23), [s. 101(1)](https://www.legislation.gov.uk/ukpga/1994/23/section/101/1), [Sch. 14 para. 10(2)(d)](https://www.legislation.gov.uk/ukpga/1994/23/schedule/14/paragraph/10/2/d)
[^c22803631]: [S. 827(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1A) inserted (1.11.1994 for specified purposes and 1.1.1995 otherwise) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 18(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/18/7), [19(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/19/1) (with [s. 19(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/19/3)); [S.I. 1994/2679](https://www.legislation.gov.uk/uksi/1994/2679), [arts. 2](https://www.legislation.gov.uk/uksi/1994/2679/article/2), [3](https://www.legislation.gov.uk/uksi/1994/2679/article/3) (with [art. 4(3)](https://www.legislation.gov.uk/uksi/1994/2679/article/4/3))
[^c22803651]: [S. 827(1C)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1C) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 5 para. 40](https://www.legislation.gov.uk/ukpga/1996/8/schedule/5/paragraph/40)
[^c22803671]: [S. 827(1D)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1D) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 7 para. 4](https://www.legislation.gov.uk/ukpga/2000/17/schedule/7/paragraph/4)
[^c22803691]: [S. 827(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1E) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 49(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/49/3)
[^c23814871]: [S. 827(1G)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1G) inserted (10.7.2003 subject to Sch. 19 to the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 18 para. 3(6)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/18/paragraph/3/6)
[^c23814891]: [S. 827(1F)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1F) inserted (27.11.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [ss. 24(7)](https://www.legislation.gov.uk/ukpga/2003/14/section/24/7), [40](https://www.legislation.gov.uk/ukpga/2003/14/section/40); [S.I. 2003/2985](https://www.legislation.gov.uk/uksi/2003/2985), [art. 2](https://www.legislation.gov.uk/uksi/2003/2985/article/2)
[^c23814911]: Words in [s. 827](https://www.legislation.gov.uk/ukpga/1988/1/section/827) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 332(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/332/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23815001]: Words in [s. 827(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 332(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/332/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23815021]: [S. 827(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 332(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/332/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21629671]: 1989 s.178(6).
[^c22803721]: Words in [s. 828(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/2) substituted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 24](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/24)
[^c23815061]: Words in [s. 828(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/1) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 105(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/105/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23815081]: Words in [s. 828(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/3) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 105(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/105/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23815161]: Words in [s. 828(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 334(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/334/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23815181]: Words in [s. 828(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/5/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 334(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/334/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23815141]: Words in [s. 828(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/5/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 334(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/334/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23815261]: Words in [s. 828(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 208(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/208/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23815331]: Words in [s. 828(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 208(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/208/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23815281]: Words in [s. 828(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 208(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/208/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23815301]: Words in [s. 828(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/5) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 208(6)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/208/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23815421]: Words in [s. 828(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/5) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 208(6)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/208/6/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23815321]: Words in [s. 828(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/5/a) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 208(6)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/208/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23815431]: Words in [s. 828(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/5/a) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 208(6)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/208/6/d), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23815441]: Words in [s. 828(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/2) inserted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 7(8)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/7/8)
[^c21629771]: Source—1973 s.38(1), (2)-(4), (6)
[^c21629781]: [1964 c. 29](https://www.legislation.gov.uk/ukpga/1964/29).
[^c22803791]: Word in [s. 830(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/830/4) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23816181]: [S. 830(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/830/4) modified (with effect in accordance with s. 153(4) of the modifying Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/a)
[^c23816191]: Words in [s. 830(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/830/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 335](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/335), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816211]: Words in [s. 830(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/830/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 210](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/210), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21630391]: 1970 s.526(5), 527(1); 1971 s.32(1), (1D), Sch.8 16(3); 1976 Sch.4 11; 1972 s.93(6); 1979(C), Sch.7; 1981 s.34(5); 1987 Sch.15 2(20)
[^c21630421]: [1986 c. 53](https://www.legislation.gov.uk/ukpga/1986/53).
[^c21630441]: Word in [s. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1) substituted (6.3.1992 with effect as mentioned in s. 289(1)(2) of the substituting Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(54)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/54) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21630491]: 1990 s.127*and* Sch.18 para.5(3)*on and after* 1*April* 1990.*Previously* “ “local authority” and “local authority association” have the meanings given by section 519;”.
[^c21630501]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "lower rate" inserted (16.3.1992 with application for the year 1992-93 and subsequent years of assessment) by [Finance Act 1992 (c. 20)](https://www.legislation.gov.uk/ukpga/1992/20), [s. 9(9)(10)(11)](https://www.legislation.gov.uk/ukpga/1992/20/section/9/9/10/11)
[^c21630511]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of “the rate applicable to trusts” inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras.15](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/15), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21630531]: Source—1970 s.526(6)
[^c21630541]: Source—1970 s.526(3), (4)
[^c22804321]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "recognised clearing system" repealed (with effect in accordance with Sch. 7 para. 32 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 25](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/25), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2), Note (with Sch. 7 paras. 33-35)
[^c22804331]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "Schedule A business" inserted (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/28)
[^c22804351]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "additional rate" repealed (with effect in accordance with Sch. 18 Pt. 6(1) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/1)
[^c22804371]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definitions of "open-ended investment company", "authorised corporate director", "owner of shares" and "scheme property" inserted (28.4.1997) by The Open-ended [Investment Companies (Tax) Regulations 1997 (S.I. 1997/1154)](https://www.legislation.gov.uk/uksi/1997/1154), [reg. 14](https://www.legislation.gov.uk/uksi/1997/1154/regulation/14)
[^c22804391]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definitions of "the Schedule F ordinary rate", "the Schedule F trust rate", and "the Schedule F upper rate" inserted (with effect in accordance with [Sch. 4 para. 22(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/22/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 22(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/22/1)
[^c22804431]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "franked investment income" substituted (with effect in accordance with [Sch. 3 para. 39(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/8) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 39(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/2)
[^c22804491]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "franked payment" repealed (with effect in accordance with Sch. 3 para. 39(8) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 39(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/3), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22804501]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "group income" repealed (with effect in accordance with Sch. 3 para. 39(9) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 39(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/4), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22804471]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): words in definition of "notice" inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 118(10)](https://www.legislation.gov.uk/ukpga/1998/36/section/118/10)
[^c22804511]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "the rate of advance corporation tax" repealed (with effect in accordance with Sch. 3 para. 39(9) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 39(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/5), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22804521]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "surplus of franked investment income" repealed (with effect in accordance with Sch. 3 para. 39(8) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 39(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/6), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22804451]: [S. 832(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/4A) inserted (with effect in accordance with [Sch. 3 para. 39(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/8) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 39(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/7)
[^c22804581]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "starting rate" and "starting rate limit" inserted after the definition of "Schedule A business" (with effect in accordance with [s. 22(12)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/12) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 22(10)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/10/b)
[^c22804601]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): words in definition of "capital allowance" substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 60(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/60/a)
[^c22804621]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "the Capital Allowances Act" substituted for definition of "the Capital Allowances Acts" (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 60(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/60/b)
[^c22804641]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "investment LLP" and "property investment LLP" inserted (6.4.2001 with effect in accordance with [s. 76(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/2), [Sch. 25 para. 1(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/1/2)
[^c22804701]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "for accounting purposes" inserted (with effect in accordance with [s. 103(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/1)
[^c22804681]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "generally accepted accounting practice" inserted (with effect in accordance with [s. 103(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/1)
[^c22804721]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "period of account" inserted (with effect in accordance with [s. 103(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/1)
[^c23816661]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "permanent establishment" inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 148(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/148/6)
[^c23816741]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): words in definition of "generally accepted accounting practice" substituted (with effect in accordance with [s. 50(6)](https://www.legislation.gov.uk/ukpga/2005/7/section/50/6) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7), Note 1)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 50(5)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/50/5/a)
[^c23816701]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "international accounting standards" inserted (with effect in accordance with [s. 50(6)](https://www.legislation.gov.uk/ukpga/2005/7/section/50/6) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7), Note 1)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 50(5)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/50/5/b)
[^c23816681]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "offshore installation" inserted (with effect in accordance with [Sch. 27 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 para. 2](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/2)
[^c23816721]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "UK generally accepted accounting practice" inserted (with effect in accordance with [s. 50(6)](https://www.legislation.gov.uk/ukpga/2005/7/section/50/6) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7), Note 1)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 50(5)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/50/5/b)
[^c23816761]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "estate in land" inserted (S.) (28.11.2004) by Abolition of Feudal Tenure etc. (Scotland) Act (asp 5), ss. 71, 77(2)(c); [S.S.I. 2003/456](https://www.legislation.gov.uk/ssi/2003/456), [art. 2](https://www.legislation.gov.uk/ssi/2003/456/article/2)
[^c23816781]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "overseas property business" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 337(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/337/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816871]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "relevant foreign income" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 337(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/337/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816821]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): words in definition of "Schedule A business" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 337(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/337/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816801]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "tax credit" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 337(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/337/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816891]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "UK property business" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 337(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/337/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816911]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "Ulster Savings Certificates" repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 337(g)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/337/g), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816941]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "step-child" inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [99](https://www.legislation.gov.uk/uksi/2005/3229/regulation/99)
[^c23816961]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "registered pension scheme" inserted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 35(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/35/2) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23816981]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "scheme administrator" inserted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 35(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/35/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23817001]: Words in [s. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817121]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "basic rate" and "basic rate limit" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817141]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "higher rate" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817161]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "industrial assurance business" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/d), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817181]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "interest" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(e)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/e), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817201]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "investment LLP" and "property investment LLP" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(f)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/f), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817221]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "lower rate" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(g)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/g), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817241]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): words in definition of "notice" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(h)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/h), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817261]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): in definition of "overseas property business", para. (a) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/i), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817281]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): in definition of "overseas property business", words in para. (b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/i), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817301]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "preference dividend" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(j)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/j), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817081]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "property investment LLP" inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(k)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/k) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817321]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "the rate applicable to trusts" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(l)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/l), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817341]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "relevant foreign income" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(m)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/m), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817361]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "starting rate" and "starting rate limit" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(n)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/n), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817441]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definitions of "the dividend ordinary rate", "the dividend trust rate" and "the dividend upper rate" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(q)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/q), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817381]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "step-child" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(o)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/o), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817401]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): in definition of "tax credit", words in para. (a) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(p)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/p), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817421]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): in definition of "tax credit", para. (b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(p)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/p), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817481]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "UK property business" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(r)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/r), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817061]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "unit trust scheme" substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(2)(s)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/2/s) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817101]: [S. 832(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/2A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817021]: Words in [s. 832(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/4A) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817501]: [S. 832(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/5) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 212(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/212/5), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21630741]: Source—1970 s.527.
[^c22805331]: Words in [s. 834(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/3) substituted (with effect in accordance with [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 6](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/6)
[^c22805371]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): definition of "allowable loss" excluded (with effect in accordance with s. 63(4) of the excluding Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 94(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/94/4)
[^c22805351]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): definitions of "loan relationship" and "non-trading deficit" inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 49](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/49) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22805381]: Words in [s. 834(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/2) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 61](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/61), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22805421]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): words in definition of "accounting date" repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c22805411]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): words in definition of "charges on income" substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 1(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/1/4)
[^c22805391]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): definition of "derivative contract" inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 13](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/13)
[^c23817821]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): definition of "chargeable profits" inserted (with effect in accordance with [s. 149(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/149/6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 149(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/149/5)
[^c23817841]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): definition of "statutory insolvency arrangement" inserted (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 8](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/8)
[^c23817861]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): words in definition of "allowable loss" inserted (with effect in accordance with [s. 69(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/69/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 69(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/69/4)
[^c23817881]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): definition of "venture capital trust" inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 214](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/214) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23817901]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): words in definition of "allowable loss" substituted (with effect in accordance with [s. 27(6)](https://www.legislation.gov.uk/ukpga/2007/11/section/27/6) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 27(5)](https://www.legislation.gov.uk/ukpga/2007/11/section/27/5)
[^c21630981]: [S. 838](https://www.legislation.gov.uk/ukpga/1988/1/section/838) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 184(1)(a)](https://www.legislation.gov.uk/ukpga/1992/12/section/184/1/a), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/60/1), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)) [S. 838](https://www.legislation.gov.uk/ukpga/1988/1/section/838) applied (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 189(6)](https://www.legislation.gov.uk/ukpga/1993/34/section/189/6)
[^c22805691]: [S. 838](https://www.legislation.gov.uk/ukpga/1988/1/section/838) modified (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 50(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/50/7)
[^c21630991]: Source—1970 s.532.
[^c21631011]: Definition in s. 838 modified (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 170(2)(c)](https://www.legislation.gov.uk/ukpga/1992/12/section/170/2/c), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/60/1), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22805681]: [S. 838(2)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/838/2) applied (30.3.1995) by [The Electricity (Class Exemptions from the Requirement for a Licence) (No. 2) Order 1995 (S.I. 1995/909)](https://www.legislation.gov.uk/uksi/1995/909), [art. 2(2)(c)](https://www.legislation.gov.uk/uksi/1995/909/article/2/2/c) [S. 838(2)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/838/2) applied (1.10.2001) by [The Electricity (Class Exemptions from the Requirement for a Licence) Order 2001 (S.I. 2001/3270)](https://www.legislation.gov.uk/uksi/2001/3270), [art. 2(2)(c)](https://www.legislation.gov.uk/uksi/2001/3270/article/2/2/c) [S. 838(2)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/838/2) applied (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 50(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/50/7)
[^c21631021]: [S. 838(4)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/838/4) applied (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2), [Pt. I para. 31(11)](https://www.legislation.gov.uk/ukpga/1993/37/part/I/paragraph/31/11)
[^c23818591]: [S. 838](https://www.legislation.gov.uk/ukpga/1988/1/section/838) applied (1.1.2008 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Scientific Research Organisations Regulations 2007 (S.I. 2007/3426)](https://www.legislation.gov.uk/uksi/2007/3426), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/3426/regulation/1/1), [2(3)](https://www.legislation.gov.uk/uksi/2007/3426/regulation/2/3)
[^c23818611]: [S. 838](https://www.legislation.gov.uk/ukpga/1988/1/section/838) applied (with effect in accordance with s. 93(2) of the affecting Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 46 para. 18(3)(4)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/46/paragraph/18/3/4)
[^c23818581]: Words in [s. 838(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/838/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 222](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/222) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23818601]: [S. 838(2)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/838/2) applied (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 768(9)](https://www.legislation.gov.uk/ukpga/2009/4/section/768/9) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c21631141]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 104(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/104/3), [112(7)(b)](https://www.legislation.gov.uk/ukpga/1991/31/section/112/7/b) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [1983 c. 55](https://www.legislation.gov.uk/ukpga/1983/55), [Sch. 4A para. 1(5)](https://www.legislation.gov.uk/ukpga/1983/55/schedule/4A/paragraph/1/5) (as inserted (1.12.1992 for specified purposes and 1.1.1993 otherwise) by Finance No. 2 Act 1992 (c. 48), s. 14(2), Sch. 3 Pt. I para. 62; [S.I. 1992/2979](https://www.legislation.gov.uk/uksi/1992/2979), [art. 4](https://www.legislation.gov.uk/uksi/1992/2979/article/4), [Sch. Pt. II](https://www.legislation.gov.uk/uksi/1992/2979/schedule/part/II); [S.I. 1992/3261](https://www.legislation.gov.uk/uksi/1992/3261), [art. 3](https://www.legislation.gov.uk/uksi/1992/3261/article/3),Sch.) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 193(6)](https://www.legislation.gov.uk/ukpga/1993/34/section/193/6)
[^c21631151]: Source—1970 s.533.
[^c21631161]: [S. 839(2)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/2) applied (E.W.S.) (16.1.1992) by [S.I. 1992/58](https://www.legislation.gov.uk/uksi/1992/58), [art. 8(9)(b)](https://www.legislation.gov.uk/uksi/1992/58/article/8/9/b), [Sch. 1 para. 3](https://www.legislation.gov.uk/uksi/1992/58/schedule/1/paragraph/3)
[^c21631231]: [1958 c. 45](https://www.legislation.gov.uk/ukpga/1958/45).
[^c21631241]: [1940 c. 9 (N.I.)](https://www.legislation.gov.uk/apni/1940/9)
[^c22805721]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 127(19) of the affecting Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 127(17)](https://www.legislation.gov.uk/ukpga/1995/4/section/127/17)
[^c22805731]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 15(7)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/15/7) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 105(1), Sch. 13 para. 8(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 8(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/8/3) (with [Sch. 13 para. 6](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/6))
[^c22805741]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1986 (c. 8)](https://www.legislation.gov.uk/ukpga/1986/8), [s. 80B(1)](https://www.legislation.gov.uk/ukpga/1986/8/section/80B/1) (as inserted by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 97(1)(4)(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/97/1/4/6); [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). 1997/ 2428, art. 2) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1986 (c. 8)](https://www.legislation.gov.uk/ukpga/1986/8), [s. 88B(1)](https://www.legislation.gov.uk/ukpga/1986/8/section/88B/1) (as inserted by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 102(1)(4)(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/102/1/4/6); [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). 1997/ 2428, art. 2)
[^c22805751]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 6A para. 1(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/6A/paragraph/1/2) (as inserted by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [ss. 22(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/22/3), [24](https://www.legislation.gov.uk/ukpga/1997/16/section/24), [Sch. 4](https://www.legislation.gov.uk/ukpga/1997/16/schedule/4))
[^c22805761]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Value Added Tax Act 1994 (c. 23)](https://www.legislation.gov.uk/ukpga/1994/23), [Sch. 9](https://www.legislation.gov.uk/ukpga/1994/23/schedule/9) Group 2 Note (6) (as substituted by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 38](https://www.legislation.gov.uk/ukpga/1997/16/section/38)) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Value Added Tax Act 1994 (c. 23)](https://www.legislation.gov.uk/ukpga/1994/23), [Sch. 10 para. 3A(14)](https://www.legislation.gov.uk/ukpga/1994/23/schedule/10/paragraph/3A/14) (as inserted by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 37(3)-(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/37/3))
[^c22805771]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 12 para. 25(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/25/2)
[^c22805701]: [S. 839(3)(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/3/3A) substituted for s. 839(3) (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 20](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/20)
[^c22806611]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 48(11) of the affecting Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 48(10)](https://www.legislation.gov.uk/ukpga/1997/58/section/48/10)
[^c22806621]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 47(10)](https://www.legislation.gov.uk/ukpga/1998/36/section/47/10) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 11 para. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/11/paragraph/3/4)
[^c22806631]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 97(2)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/97/2/a)
[^c22806641]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (28.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 119(9)(13)](https://www.legislation.gov.uk/ukpga/2000/17/section/119/9/13) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 62 of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 14 para. 71(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/14/paragraph/71/2) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 63(4) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 102(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/102/3) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 69(1) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 20 para. 25(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/25/2) (with [Sch. 20 para. 26](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/26))
[^c22806651]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 579 of the affecting Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 575(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/575/1) (with [s. 575(2)](https://www.legislation.gov.uk/ukpga/2001/2/section/575/2))
[^c22806661]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 70(1) of the affecting Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 22 para. 31(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/31/4) (with [Sch. 22 para. 32](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/32))
[^c22806671]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (1.4.2002) by [The Aggregates Levy (General) Regulations 2002 (S.I. 2002/761)](https://www.legislation.gov.uk/uksi/2002/761), [reg. 12(2)](https://www.legislation.gov.uk/uksi/2002/761/regulation/12/2)
[^c22806681]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (1.6.2002) by [The Beer Regulations 1993 (S.I. 1993/1228)](https://www.legislation.gov.uk/uksi/1993/1228), [Sch. 1](https://www.legislation.gov.uk/uksi/1993/1228/schedule/1) (as amended by [The Beer and Excise Warehousing (Amendment) Regulations 2002 (S.I. 2002/1265)](https://www.legislation.gov.uk/uksi/2002/1265), [reg. 2(5)(b)](https://www.legislation.gov.uk/uksi/2002/1265/regulation/2/5/b))
[^c22806721]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 55(7) of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 55(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/55/5) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 9A(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/9A/5) (as inserted (with effect in accordance with [s. 104(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/104/5) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 104(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/104/3)) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Alcoholic Liquor Duties Act 1979 (c. 4)](https://www.legislation.gov.uk/ukpga/1979/4), [s. 36B(8)](https://www.legislation.gov.uk/ukpga/1979/4/section/36B/8) (as inserted (1.6.2002) [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 4(1)(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/4/1/2), [Sch. 1 para. 2](https://www.legislation.gov.uk/ukpga/2002/23/schedule/1/paragraph/2)) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 53(1) of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 12 para. 19(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/12/paragraph/19/2) (with [Sch. 12 para. 20](https://www.legislation.gov.uk/ukpga/2002/23/schedule/12/paragraph/20)) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with Sch. 13 para. 28 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 13 para. 27(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/27/2) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with Sch. 37 para. 2(5) of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 37 para. 2(4)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/37/paragraph/2/4/b)
[^c22806731]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 4 para. 4A(3)](https://www.legislation.gov.uk/uksi/2001/1004/schedule/4/paragraph/4A/3) (as inserted (28.11.2002) by The Social Security (Contributions)(Amendment No. 5) Regulations 2002 ([S.I. 2002/2929](https://www.legislation.gov.uk/uksi/2002/2929)), reg. 5)
[^c23818621]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (23.1.2003 with effect in accordance with s. 57(4)(a) of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 57(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/57/3), [Sch. 16 para. 51(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/16/paragraph/51/3); [S.I. 2003/88](https://www.legislation.gov.uk/uksi/2003/88), [art. 2](https://www.legislation.gov.uk/uksi/2003/88/article/2)
[^c23818631]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 718](https://www.legislation.gov.uk/ukpga/2003/1/section/718) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23818641]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (10.7.2003 with effect in accordance with Sch. 19 of the affecting Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [ss. 45(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/45/6), [53(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/53/2), [58(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/58/5), [108(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/108/1), [Sch. 4 paras. 1(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/4/paragraph/1/2), [10(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/4/paragraph/10/4), [12(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/4/paragraph/12/2); [S.I. 2003/2899](https://www.legislation.gov.uk/uksi/2003/2899), [art. 2](https://www.legislation.gov.uk/uksi/2003/2899/article/2)
[^c23818651]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 26 para. 7(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/26/paragraph/7/3)
[^c23818661]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 6A para. 10](https://www.legislation.gov.uk/ukpga/2003/14/schedule/6A/paragraph/10) (as inserted (1.12.2003) by [The Stamp Duty and Stamp Duty Land Tax (Variation of the Finance Act 2003) (No. 2) Regulations 2003 (S.I. 2003/2816)](https://www.legislation.gov.uk/uksi/2003/2816), [reg. 1](https://www.legislation.gov.uk/uksi/2003/2816/regulation/1), [Sch. para. 3(2)](https://www.legislation.gov.uk/uksi/2003/2816/schedule/paragraph/3/2) (replacing [S.I. 2003/2760](https://www.legislation.gov.uk/uksi/2003/2760), [reg. 1](https://www.legislation.gov.uk/uksi/2003/2760/regulation/1), [Sch. para. 3(2)](https://www.legislation.gov.uk/uksi/2003/2760/schedule/paragraph/3/2)); and [S.I. 2003/2816](https://www.legislation.gov.uk/uksi/2003/2816) is revoked and replaced by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 39 paras. 14](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/14), [17(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/17/2), [26](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/26)
[^c23818671]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [The Value Added Tax Regulations 1995 (S.I. 1995/2518)](https://www.legislation.gov.uk/uksi/1995/2518), [reg. 171(7)(8)](https://www.legislation.gov.uk/uksi/1995/2518/regulation/171/7/8) (as inserted (11.12.2003) by [The Value Added Tax (Amendment) (No. 6) Regulations 2003 (S.I. 2003/3220)](https://www.legislation.gov.uk/uksi/2003/3220), [regs. 1(1)(b)](https://www.legislation.gov.uk/uksi/2003/3220/regulation/1/1/b), [23](https://www.legislation.gov.uk/uksi/2003/3220/regulation/23))
[^c23818681]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 278(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/278/4) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23818691]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with modifications) (with effect in accordance with s. 84(2) of the affecting Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 15 para. 2](https://www.legislation.gov.uk/ukpga/2004/12/schedule/15/paragraph/2)
[^c23818701]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 45A(10)](https://www.legislation.gov.uk/ukpga/2003/14/section/45A/10) (as inserted (with effect in accordance with [Sch. 39 para. 13(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/13/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 39 para. 5(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/5/5))
[^c23818711]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 44(11)](https://www.legislation.gov.uk/ukpga/2003/14/section/44/11) (as inserted (with effect in accordance with [Sch. 39 para. 26](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/26) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 39 para. 15(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/15/4))
[^c23818721]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 6A para. 10](https://www.legislation.gov.uk/ukpga/2003/14/schedule/6A/paragraph/10) (as inserted (with effect in accordance with [Sch. 39 para. 26](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/26) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 39 para. 17(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/17/2))
[^c23818731]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with modifications) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 15 para. 39](https://www.legislation.gov.uk/ukpga/2003/14/schedule/15/paragraph/39) (as substituted (with effect in accordance with [Sch. 41 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/41/paragraph/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 41 para. 1](https://www.legislation.gov.uk/ukpga/2004/12/schedule/41/paragraph/1))
[^c23818741]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (1.8.2004) by [The Tax Avoidance Schemes (Prescribed Descriptions of Arrangements) Regulations 2004 (S.I. 2004/1863)](https://www.legislation.gov.uk/uksi/2004/1863), [reg. 1(1)(3)](https://www.legislation.gov.uk/uksi/2004/1863/regulation/1/1/3)
[^c23818751]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (1.8.2004) by [The Tax Avoidance Schemes (Promoters and Prescribed Circumstances) Regulations 2004 (S.I. 2004/1865)](https://www.legislation.gov.uk/uksi/2004/1865), [reg. 1(1)(3)](https://www.legislation.gov.uk/uksi/2004/1865/regulation/1/1/3)
[^c23818761]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (24.3.2005) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 878(5)](https://www.legislation.gov.uk/ukpga/2005/5/section/878/5), [883(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/3/b)
[^c22806591]: Words in [s. 839(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/8) inserted (28.4.1997) by The Open-ended [Investment Companies (Tax) Regulations 1997 (S.I. 1997/1154)](https://www.legislation.gov.uk/uksi/1997/1154), [reg. 15](https://www.legislation.gov.uk/uksi/1997/1154/regulation/15)
[^c23818791]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with modifications) (7.4.2005) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 83(9)](https://www.legislation.gov.uk/ukpga/2005/7/section/83/9)
[^c23818801]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(4)(n)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/4/n), [31(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/31/3), [Sch. 3 para. 12](https://www.legislation.gov.uk/ukpga/2005/22/schedule/3/paragraph/12)
[^c23818811]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 91D(12)](https://www.legislation.gov.uk/ukpga/1996/8/section/91D/12) (as inserted (with effect in accordance with [Sch. 7 para. 10(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/10/7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 10(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/10/4))
[^c23818821]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 17A para. 18A(6)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/17A/paragraph/18A/6) (as inserted (with effect in accordance with [Sch. 10 para. 16(5)-(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/10/paragraph/16/5) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 10 para. 14](https://www.legislation.gov.uk/ukpga/2005/22/schedule/10/paragraph/14))
[^c23818831]: Words in [s. 839(2)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/2/4) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [100](https://www.legislation.gov.uk/uksi/2005/3229/regulation/100)
[^c23819041]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 161(8)](https://www.legislation.gov.uk/ukpga/2004/12/section/161/8), [273(11)](https://www.legislation.gov.uk/ukpga/2004/12/section/273/11), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23818941]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 266A(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/266A/7) (as inserted (6.4.2006) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 10 paras. 4](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/4), [64(1)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/64/1))
[^c23818951]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 162(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/162/6) (as inserted (6.4.2006) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 10 paras. 6(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/6/4), [64(1)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/64/1))
[^c23818961]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 172A(11)](https://www.legislation.gov.uk/ukpga/2004/12/section/172A/11), [172B(9)](https://www.legislation.gov.uk/ukpga/2004/12/section/172B/9), [172C(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/172C/7), [172D(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/172D/6) (as inserted (6.4.2006) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 10 paras. 38](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/38), [64(1)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/64/1))
[^c23818971]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 36 para. 11D(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36/paragraph/11D/5) (as inserted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 161(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/161/2), [Sch. 23 para. 38](https://www.legislation.gov.uk/ukpga/2006/25/schedule/23/paragraph/38))
[^c23818981]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (6.4.2006) by [The Pension Schemes (Reduction in Pension Rates) Regulations 2006 (S.I. 2006/138)](https://www.legislation.gov.uk/uksi/2006/138), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/138/regulation/1/1), [2(3)](https://www.legislation.gov.uk/uksi/2006/138/regulation/2/3)
[^c23818991]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (6.4.2006) by [The Registered Pension Schemes (Provision of Information) Regulations 2006 (S.I. 2006/567)](https://www.legislation.gov.uk/uksi/2006/567), [regs. 1](https://www.legislation.gov.uk/uksi/2006/567/regulation/1), [2(2)](https://www.legislation.gov.uk/uksi/2006/567/regulation/2/2)
[^c23819021]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [The Authorised Investment Funds Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 52A(7)](https://www.legislation.gov.uk/uksi/2006/964/regulation/52A/7) (as inserted (7.12.2006) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2006 (S.I. 2006/3239)](https://www.legislation.gov.uk/uksi/2006/3239), [regs. 1](https://www.legislation.gov.uk/uksi/2006/3239/regulation/1), [2](https://www.legislation.gov.uk/uksi/2006/3239/regulation/2))
[^c23819031]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (14.12.2006 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Oil Taxation (Market Value of Oil) Regulations 2006 (S.I. 2006/3313)](https://www.legislation.gov.uk/uksi/2006/3313), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/3313/regulation/1/1), [8(4)](https://www.legislation.gov.uk/uksi/2006/3313/regulation/8/4)
[^c23819011]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (1.1.2007) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [ss. 34(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/34/4), [53(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/53/1); [S.I. 2006/3399](https://www.legislation.gov.uk/uksi/2006/3399), [art. 2](https://www.legislation.gov.uk/uksi/2006/3399/article/2)
[^c23819001]: [S. 839(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/2) applied (6.4.2006) by [The Registered Pension Schemes (Authorised Surplus Payments) Regulations 2006 (S.I. 2006/574)](https://www.legislation.gov.uk/uksi/2006/574), [regs. 1](https://www.legislation.gov.uk/uksi/2006/574/regulation/1), [2(5)](https://www.legislation.gov.uk/uksi/2006/574/regulation/2/5)
[^c23818921]: Word at the end of s. 839(3)(b) repealed (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 25(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/25/a), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15), Note
[^c23818881]: [S. 839(3)(d)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/3/d/e) substituted for words in s. 839(3) (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 25(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/25/b), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23818901]: [S. 839(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/3B) inserted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 25(c)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/25/c), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23819091]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with modifications) (28.12.2007 with effect in accordance with reg. 1 of the affecting S.I.) by [The Taxation of Insurance Securitisation Companies Regulations 2007 (S.I. 2007/3402)](https://www.legislation.gov.uk/uksi/2007/3402), [reg. 2(2)](https://www.legislation.gov.uk/uksi/2007/3402/regulation/2/2)
[^c23819101]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (1.1.2008 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Scientific Research Organisations Regulations 2007 (S.I. 2007/3426)](https://www.legislation.gov.uk/uksi/2007/3426), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/3426/regulation/1/1), [14(4)](https://www.legislation.gov.uk/uksi/2007/3426/regulation/14/4)
[^c23819111]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69J(10)(b)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69J/10/b) (as inserted (6.4.2008) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I. 2008/705)](https://www.legislation.gov.uk/uksi/2008/705), [regs. 1](https://www.legislation.gov.uk/uksi/2008/705/regulation/1), [5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5))
[^c23819121]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Oil Taxation Act 1975 (c. 22)](https://www.legislation.gov.uk/ukpga/1975/22), [Sch. 5 para. 2B(2)](https://www.legislation.gov.uk/ukpga/1975/22/schedule/5/paragraph/2B/2) (as substituted (with effect in accordance with [s. 103(2)](https://www.legislation.gov.uk/ukpga/2008/9/section/103/2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 103(1)](https://www.legislation.gov.uk/ukpga/2008/9/section/103/1))
[^c23819131]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 12(2E)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/12/2E) (as inserted (with effect in accordance with [Sch. 22 para. 5(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/22/paragraph/5/3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 22 para. 5(1)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/22/paragraph/5/1))
[^c23819141]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 28(3ZC)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/28/3ZC) (as inserted (with effect in accordance with [Sch. 22 para. 5(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/22/paragraph/5/3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 22 para. 5(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/22/paragraph/5/2))
[^c23819151]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 91H(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/91H/5), [91I(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/91I/6) (as inserted (with effect in accordance with [Sch. 22 para. 17(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/22/paragraph/17/3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 22 para. 17(1)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/22/paragraph/17/1))
[^c23819161]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 94B(10)](https://www.legislation.gov.uk/ukpga/1996/8/section/94B/10) (as inserted (with effect in accordance with [Sch. 22 para. 18(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/22/paragraph/18/3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 22 para. 18(1)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/22/paragraph/18/1))
[^c23819171]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 34(7)](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/34/7)
[^c23819181]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 14C(10)(b)](https://www.legislation.gov.uk/uksi/2006/964/regulation/14C/10/b) (as inserted (1.1.2009 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159)](https://www.legislation.gov.uk/uksi/2008/3159), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2008/3159/regulation/1/1), [11](https://www.legislation.gov.uk/uksi/2008/3159/regulation/11))
[^c23819191]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1316(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1316/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23819201]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Betting and Gaming Duties Act 1981 (c. 63)](https://www.legislation.gov.uk/ukpga/1981/63), [s. 21(7)](https://www.legislation.gov.uk/ukpga/1981/63/section/21/7) (as inserted (1.6.2009) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [s. 22(6)(12)](https://www.legislation.gov.uk/ukpga/2009/10/section/22/6/12))
[^c23819211]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 9 paras. 5(2B)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/9/paragraph/5/2B), [7(9)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/9/paragraph/7/9) (as inserted (with effect in accordance with [s. 81(8)](https://www.legislation.gov.uk/ukpga/2009/10/section/81/8) of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [s. 81(6)(b)(7)(b)](https://www.legislation.gov.uk/ukpga/2009/10/section/81/6/b/7/b))
[^c23819221]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with Sch. 3 para. 11 of the affecting Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 3 para. 8](https://www.legislation.gov.uk/ukpga/2009/10/schedule/3/paragraph/8)
[^c23819231]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (1.12.2009 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [76(3)(b)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/76/3/b), [82(3)(b)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/82/3/b) (with [regs. 119](https://www.legislation.gov.uk/uksi/2009/3001/regulation/119), [122](https://www.legislation.gov.uk/uksi/2009/3001/regulation/122), [Sch. 1](https://www.legislation.gov.uk/uksi/2009/3001/schedule/1))
[^c23819051]: Words in [s. 839(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 223(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/223/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23819071]: [S. 839(3B)(b)(i)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/3B/b/i/ii) substituted for words in s. 839(3B)(b) (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 223(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/223/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22806791]: [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 87(3)](https://www.legislation.gov.uk/ukpga/1988/39/section/87/3) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 67(3)](https://www.legislation.gov.uk/ukpga/1989/26/section/67/3) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s.77(6)](https://www.legislation.gov.uk/ukpga/1990/1/section/77/6) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 22 para. 17(6)(a)(ii)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/22/paragraph/17/6/a/ii) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 8(9)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/8/9) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (1.2.2001) by [Trustee Act 2000 (c. 29)](https://www.legislation.gov.uk/ukpga/2000/29), [ss. 19(3)](https://www.legislation.gov.uk/ukpga/2000/29/section/19/3), [42(2)](https://www.legislation.gov.uk/ukpga/2000/29/section/42/2); [S.I. 2001/49](https://www.legislation.gov.uk/uksi/2001/49), [art. 2](https://www.legislation.gov.uk/uksi/2001/49/article/2) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (29.7.2002) by [Trustee Act (Northern Ireland) 2001 (c. 14)](https://www.legislation.gov.uk/nia/2001/14), [ss. 19(3)](https://www.legislation.gov.uk/nia/2001/14/section/19/3), [45(1)](https://www.legislation.gov.uk/nia/2001/14/section/45/1); [S.R. 2002/253](https://www.legislation.gov.uk/nisr/2002/253), [art. 2](https://www.legislation.gov.uk/nisr/2002/253/article/2) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [Sch. 5AA para. 4(3)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5AA/paragraph/4/3) (as inserted (with effect in accordance with [Sch. 9 para. 7](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 3](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/3))
[^c23819241]: [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (23.1.2003 with effect in accordance with s. 57(4)(a) of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 57(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/57/3), [Sch. 16 para. 14(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/16/paragraph/14/3); [S.I. 2003/88](https://www.legislation.gov.uk/uksi/2003/88), [art. 2](https://www.legislation.gov.uk/uksi/2003/88/article/2)
[^c23819251]: [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied and extended (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [ss. 69](https://www.legislation.gov.uk/ukpga/2003/1/section/69), [719](https://www.legislation.gov.uk/ukpga/2003/1/section/719) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23819261]: [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (with effect in accordance with s. 77 of the affecting Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 65(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/65/3)
[^c23819271]: [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (24.3.2005) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 878(6)](https://www.legislation.gov.uk/ukpga/2005/5/section/878/6), [883(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/3/b)
[^c21631261]: Source—1970 s.534
[^c23819301]: [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 73AB(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/73AB/4) (as inserted (with effect in accordance with [s. 155(4)](https://www.legislation.gov.uk/ukpga/2008/9/section/155/4) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 155(3)](https://www.legislation.gov.uk/ukpga/2008/9/section/155/3))
[^c23819311]: [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1316(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/1316/2) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23819281]: Words in [s. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 224](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/224) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23819441]: [S. 841](https://www.legislation.gov.uk/ukpga/1988/1/section/841) substituted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/2)
[^c21631371]: Source—1970 s.359; 1973 s.54; 1979(C) Sch.7.
[^c21631381]: 1988(F) s.117(1)(a)*for accounting periods ending after* 5*th April* 1988.
[^c21631391]: 1988(F) s.117(1)(b)*for accounting periods ending after* 5*th April* 1988.*Previously* “that the shares or securities of the company are quoted on the Stock Exchange and”.
[^c21631401]: 1988(F) s.117(1)(c)*for accounting periods ending after* 5*th April* 1988.
[^c21631411]: 1990 s.55*in relation to accounting periods ending on or after* 26*July* 1990.
[^c21631421]: Words in [s. 842(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/4) substituted (with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(55)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/55) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22806941]: Words in [s. 842(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/4) substituted (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/8)
[^c22806991]: [S. 842(1AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1AA) inserted (with effect in accordance with [Sch. 30 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/30/paragraph/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 30 para. 2(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/30/paragraph/2/3)
[^c22807021]: [S. 842(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1A/a) excluded (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 2 para. 12(2)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/2/paragraph/12/2)
[^c22807031]: Words in [s. 842(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/a) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 56(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/56/2/a)
[^c22807051]: Words in [s. 842(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/a) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 56(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/56/2/b)
[^c22807071]: Words in [s. 842(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/e) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 56(3)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/56/3/a)
[^c22807091]: Words in [s. 842(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/e) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 56(3)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/56/3/b)
[^c22807111]: [S. 842(1AB)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1AB) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 56(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/56/4)
[^c22807141]: Words in [s. 842(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/3/c) repealed (with effect in accordance with Sch. 9 paras. 7, 8 of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/2), Note
[^c22807131]: Words in [s. 842(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/4) added (with effect in accordance with Sch. 9 paras. 7, 8(4) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/7)
[^c23819461]: [S. 842(1AC)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1AC) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 45(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/45/4)
[^c23819481]: Words in [s. 842(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/a) restored (as a result of the repeal of amending provision FA 1996 (c. 8), Sch. 30 para. 2(2) with effect in accordance with s. 145(2) of the repealing Act) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 143](https://www.legislation.gov.uk/ukpga/2006/25/section/143), [Sch. 26 Pt. 4](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/4)
[^c23819501]: Words in [s. 842(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/e) restored (as a result of the repeal of amending provision FA 1996 (c. 8), Sch. 30 para. 2(2) with effect in accordance with s. 145(2) of the repealing Act) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 143](https://www.legislation.gov.uk/ukpga/2006/25/section/143), [Sch. 26 Pt. 4](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/4)
[^c23819521]: [S. 842(1AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1AA) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 143(c)](https://www.legislation.gov.uk/ukpga/2006/25/section/143/c), [Sch. 26 Pt. 4](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/4)
[^c23819541]: Words in [s. 842(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 228](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/228) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23819581]: Words in [s. 842(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/c) substituted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 7(9)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/7/9)
[^c23819561]: [S. 842(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/3A) inserted (with effect in accordance with [s. 57(7)](https://www.legislation.gov.uk/ukpga/2007/11/section/57/7) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 57(3)](https://www.legislation.gov.uk/ukpga/2007/11/section/57/3)
[^c21631491]: [S. 842A(2)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/2/a) substituted (1.4.1993) by [Local Government Finance Act 1992 (c. 14)](https://www.legislation.gov.uk/ukpga/1992/14), [s. 117(1)](https://www.legislation.gov.uk/ukpga/1992/14/section/117/1), [Sch. 13 para. 57](https://www.legislation.gov.uk/ukpga/1992/14/schedule/13/paragraph/57) (with [s. 118(1)(2)(4)](https://www.legislation.gov.uk/ukpga/1992/14/section/118/1/2/4)); [S.I. 1992/2454](https://www.legislation.gov.uk/uksi/1992/2454), [art. 3(1)(a)](https://www.legislation.gov.uk/uksi/1992/2454/article/3/1/a)
[^c21631501]: [1988 c. 41](https://www.legislation.gov.uk/ukpga/1988/41).
[^c21631531]: [1973 c. 65](https://www.legislation.gov.uk/ukpga/1973/65).
[^c22807361]: [S. 842A(2)(h)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/2/h) inserted (retrospective to 29.11.1994) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 144](https://www.legislation.gov.uk/ukpga/1995/4/section/144)
[^c22807381]: [1992 c. 19](https://www.legislation.gov.uk/ukpga/1992/19).
[^c22807391]: [S. 842A(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/2/e) repealed (1.4.1995) by [Police and Magistrates' Courts Act 1994 (c. 29)](https://www.legislation.gov.uk/ukpga/1994/29), [s. 94(1)](https://www.legislation.gov.uk/ukpga/1994/29/section/94/1), [Sch. 9 Pt. 1](https://www.legislation.gov.uk/ukpga/1994/29/schedule/9/part/1); [S.I. 1994/3262](https://www.legislation.gov.uk/uksi/1994/3262), [art. 4](https://www.legislation.gov.uk/uksi/1994/3262/article/4), [Sch.](https://www.legislation.gov.uk/uksi/1994/3262/schedule)
[^c22807401]: [S. 842A(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/3/a) substituted (1.4.1996) for s. 842A(3)(a)-(c) by [Local Government etc. (Scotland) Act 1994 (c. 39)](https://www.legislation.gov.uk/ukpga/1994/39), [s. 184(2)](https://www.legislation.gov.uk/ukpga/1994/39/section/184/2), [Sch. 13 para. 155(a)](https://www.legislation.gov.uk/ukpga/1994/39/schedule/13/paragraph/155/a); [S.I. 1996/323](https://www.legislation.gov.uk/uksi/1996/323), [art. 4(1)(c)](https://www.legislation.gov.uk/uksi/1996/323/article/4/1/c)
[^c22807421]: Words in [s. 842A(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/3/e) substituted (1.4.1996) by [Local Government etc. (Scotland) Act 1994 (c. 39)](https://www.legislation.gov.uk/ukpga/1994/39), [s. 184(2)](https://www.legislation.gov.uk/ukpga/1994/39/section/184/2), [Sch. 13 para. 155(b)](https://www.legislation.gov.uk/ukpga/1994/39/schedule/13/paragraph/155/b); [S.I. 1996/323](https://www.legislation.gov.uk/uksi/1996/323), [art. 4(1)(c)](https://www.legislation.gov.uk/uksi/1996/323/article/4/1/c)
[^c22807441]: Words in [s. 842A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/1/a) inserted (1.4.1998) by [Police Act 1997 (c. 50)](https://www.legislation.gov.uk/ukpga/1997/50), [s. 135(1)](https://www.legislation.gov.uk/ukpga/1997/50/section/135/1), [Sch. 9 para. 53(a)](https://www.legislation.gov.uk/ukpga/1997/50/schedule/9/paragraph/53/a); [S.I. 1998/354](https://www.legislation.gov.uk/uksi/1998/354), [art. 2(1)(2)(bb)](https://www.legislation.gov.uk/uksi/1998/354/article/2/1/2/bb)
[^c22807461]: Words in [s. 842A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/1/b) inserted (1.4.1998) by [Police Act 1997 (c. 50)](https://www.legislation.gov.uk/ukpga/1997/50), [s. 135(1)](https://www.legislation.gov.uk/ukpga/1997/50/section/135/1), [Sch. 9 para. 53(b)](https://www.legislation.gov.uk/ukpga/1997/50/schedule/9/paragraph/53/b); [S.I. 1998/354](https://www.legislation.gov.uk/uksi/1998/354), [art. 2(1)(2)(bb)](https://www.legislation.gov.uk/uksi/1998/354/article/2/1/2/bb)
[^c22807481]: Words in [s. 842A(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/1/c) inserted (1.4.1998) by [Police Act 1997 (c. 50)](https://www.legislation.gov.uk/ukpga/1997/50), [s. 135(1)](https://www.legislation.gov.uk/ukpga/1997/50/section/135/1), [Sch. 9 para. 53(c)](https://www.legislation.gov.uk/ukpga/1997/50/schedule/9/paragraph/53/c); [S.I. 1998/354](https://www.legislation.gov.uk/uksi/1998/354), [art. 2(1)(2)(bb)](https://www.legislation.gov.uk/uksi/1998/354/article/2/1/2/bb)
[^c22807501]: Words in [s. 842A(1)(a)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/1/a/b/c) repealed (1.4.2002) by [Criminal Justice and Police Act 2001 (c. 16)](https://www.legislation.gov.uk/ukpga/2001/16), [s. 138(2)](https://www.legislation.gov.uk/ukpga/2001/16/section/138/2), [Sch. 6 para. 71](https://www.legislation.gov.uk/ukpga/2001/16/schedule/6/paragraph/71), [Sch. 7 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/2001/16/schedule/7/part/5/1); [S.I. 2002/344](https://www.legislation.gov.uk/uksi/2002/344), [art. 3(k)(m)](https://www.legislation.gov.uk/uksi/2002/344/article/3/k/m)
[^c23819681]: [S. 842A(2)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/2/f) substituted (E.W.) (1.10.2004 for E. and 10.11.2004 for W.) by [Fire and Rescue Services Act 2004 (c. 21)](https://www.legislation.gov.uk/ukpga/2004/21), [s. 61](https://www.legislation.gov.uk/ukpga/2004/21/section/61), [Sch. 1 para. 64](https://www.legislation.gov.uk/ukpga/2004/21/schedule/1/paragraph/64); [S.I. 2004/2304](https://www.legislation.gov.uk/uksi/2004/2304), [art. 2](https://www.legislation.gov.uk/uksi/2004/2304/article/2) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2304/article/3)); [S.I. 2004/2917](https://www.legislation.gov.uk/uksi/2004/2917), [art. 2](https://www.legislation.gov.uk/uksi/2004/2917/article/2)
[^c23819701]: Words in [s. 842A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 230](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/230) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22806801]: [S. 840A(1)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/840A/1/b/c) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 46(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/46/2)
[^c22806851]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c22806861]: [S.I. 1985/1205 (N.I. 12)](https://www.legislation.gov.uk/nisi/1985/1205).
[^c22806821]: [S. 840A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/840A/2) omitted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 46(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/46/3)
[^c22806871]: [S. 840A(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/840A/1/b/ii) substituted (2.7.2002) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2002 (S.I. 2002/1409)](https://www.legislation.gov.uk/uksi/2002/1409), [art. 2(2)](https://www.legislation.gov.uk/uksi/2002/1409/article/2/2)
[^c22806891]: [1974 c. 46](https://www.legislation.gov.uk/ukpga/1974/46).
[^c22806901]: [1992 c. 40](https://www.legislation.gov.uk/ukpga/1992/40).
[^c23819321]: Words in [s. 840A(1)(b)(iv)](https://www.legislation.gov.uk/ukpga/1988/1/section/840A/1/b/iv) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/36) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23819341]: Words in [s. 840A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/840A/1) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 226(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/226/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23819361]: [S. 840A(1)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/section/840A/1/ca) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 226(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/226/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22805651]: Words in [s. 837A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/837A/2) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/4/a)
[^c22805661]: [S. 837A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/837A/5) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23818481]: Words in [s. 837A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/837A/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 219(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/219/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23818501]: Words in [s. 837A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/837A/2) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 219(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/219/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23818521]: [S. 837A(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/837A/2A/2B) substituted for s. 837A(3)(4) (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 219(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/219/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22805601]: [1998 c. 17](https://www.legislation.gov.uk/ukpga/1998/17).
[^c23818541]: Words in [s. 837B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/837B/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 220](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/220) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22807511]: Words in [s. 842B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/842B/2) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23819791]: Words in [s. 842B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/842B/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 231(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/231/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23819811]: [S. 842B(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/842B/1/a) and word repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 231(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/231/2/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23819831]: Words in [s. 842B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/842B/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 231(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/231/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23818561]: Words in [s. 837C(1)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/837C/1/5) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 221](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/221) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21631581]: Source—1970 Sch.2
[^c21631591]: [1952 c.10](https://www.legislation.gov.uk/ukpga/1952/10).
[^c21631621]: Source—1970 Sch.5 1; 1971 Sch.6 80
[^c21631631]: *See* s.656 *ante—purchased life annuities.*
[^c22720871]: Word in [Sch. 3 para. 1(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/1/c) substituted (with effect in accordance with [Sch. 6 para. 25(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/25/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 73(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/73/4), [Sch. 6 para. 25(1)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/25/1/a)
[^c21631641]: Source—1970 Sch.5 2-5
[^c21631651]: [1870 c. 71](https://www.legislation.gov.uk/ukpga/1870/71).
[^c21631661]: *See* s.821*ante—under-deductions of tax from payments made before passing of annual Act.*
[^c21631671]: *See* s.821*ante—under-deductions of tax from payments made before passing of annual Act.*
[^c21631721]: Source—1970 Sch.5 6(a)(b)
[^c21631731]: [Sch. 3 para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6/2) repealed and superseded (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(2)(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21631851]: [Sch. 3 para. 7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/7) repealed and superseded (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(2)(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21631881]: [Sch. 3 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/8) repealed and superseded (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(2)(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21631901]: [Sch. 3 para. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/9) repealed and superseded (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(2)(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21631921]: [Sch. 3 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/10) repealed (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21631941]: Source—1970 Sch.5 11-13.
[^c21631951]: Words in [Sch. 3 para. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/11) substituted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(4)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/4), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631961]: Words in [Sch. 3 para. 13(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/13/1) repealed (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(5)(a)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/5/a), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21631971]: Words in [Sch. 3 para. 13(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/13/1) substituted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(5)(b)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/5/b), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631981]: Source—1970 Sch.5 6(c), 14
[^c21631691]: [Sch. 3 Pt. III](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/part/III) applied (with modifications) (1.10.1993) by [S.I. 1993/2004](https://www.legislation.gov.uk/uksi/1993/2004), [reg. 12(2)(b)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/12/2/b) [Sch. 3 Pt. III](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/part/III) applied (with modifications) (1.10.1993) by [S.I. 1993/2004](https://www.legislation.gov.uk/uksi/1993/2004), [reg. 13(2)(b)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/13/2/b)
[^c21631751]: [Sch. 3 paras. 6A-6F](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A) inserted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631761]: Words in [Sch. 3 para. 6A(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A/1) substituted (27.7.1993 with effect in relation to transactions effected on or after 6 April 1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 17(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/17/1), [25(5)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/5)
[^c21631771]: [Sch. 3 para. 6A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A/2A) inserted (27.7.1993 with effect in relation to transactions effected on or after 6 April 1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 17(2)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/17/2), [25(5)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/5)
[^c21631781]: [Sch. 3 para. 6A(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A/4) inserted (27.7.1993 with effect in relation to transactions effected on or after 6 April 1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 17(3)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/17/3), [25(5)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/5)
[^c21853201]: Word in [Sch. 3 para. 6A(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A/1) substituted (with effect in accordance with [Sch. 6 para. 25(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/25/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 73(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/73/4), [Sch. 6 para. 25(1)(b)(i)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/25/1/b/i)
[^c21853221]: [Sch. 3 para. 6A(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A/4) ceases to have effect (with effect in accordance with [Sch. 6 para. 25(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/25/2) of the amending Act) by virtue of [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 73(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/73/4), [Sch. 6 para. 25(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/25/1/b/ii)
[^c21631791]: [Sch. 3 paras. 6A-6F](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A) inserted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631801]: [Sch. 3 paras. 6A-6F](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A) inserted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631811]: [Sch. 3 paras. 6A-6F](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A) inserted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631821]: [Sch. 3 paras. 6A-6F](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A) inserted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21853541]: [Sch. 3 para. 6E(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6E/1/3) repealed (with effect in accordance with [s. 103(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/103/7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [ss. 115(11)](https://www.legislation.gov.uk/ukpga/1995/4/section/115/11), [162](https://www.legislation.gov.uk/ukpga/1995/4/section/162), [Sch. 29 Pt. 8(14)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/14), Note 2
[^c21631831]: [Sch. 3 paras. 6A-6F](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A) inserted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631991]: [Sch. 3 Pt. IV](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/part/IV) applied (with modifications) (1.10.1993) by [S.I. 1993/2004](https://www.legislation.gov.uk/uksi/1993/2004), [reg. 12(2)(b)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/12/2/b) [Sch. 3 Pt. IV](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/part/IV) applied (with modifications) (1.10.1993) by [S.I. 1993/2004](https://www.legislation.gov.uk/uksi/1993/2004), [reg. 13(2)(b)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/13/2/b)
[^c21632011]: Source—1970 Sch.12 Pt.III 6; 1987 Sch.15 2(23)
[^c21632021]: [Sch. 3 para. 15(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/15/2) repealed (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21846671]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846691]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846701]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846721]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21847081]: [Sch. 4 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4/paragraph/5) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 15 para. 19(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15/paragraph/19/2)
[^c21846741]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846751]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846771]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846781]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846801]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846821]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846841]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21632641]: 1989 s. 93*and* Sch. 10 para. 5.
[^c21846851]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846891]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846911]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846931]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21632731]: 1989 s.93*and* Sch.10 para.7.
[^c21846951]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846971]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846991]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21847011]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21847031]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21847051]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21632821]: 1990 s.56*and* Sch.10 paras.26(3), 29(4)*on and after* 9*June* 1989.
[^c21847071]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21632651]: [Sch. 4 para. 11B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4/paragraph/11B) and heading preceding it inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 54](https://www.legislation.gov.uk/ukpga/1991/31/section/54), [Sch. 4 paras.3](https://www.legislation.gov.uk/ukpga/1991/31/schedule/4/paragraph/3), [5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/4/paragraph/5)
[^c21632661]: [Sch. 4 para. 11B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4/paragraph/11B) and heading preceding it inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 54](https://www.legislation.gov.uk/ukpga/1991/31/section/54), [Sch. 12 paras. 3](https://www.legislation.gov.uk/ukpga/1991/31/schedule/12/paragraph/3), [5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/12/paragraph/5)
[^c21846871]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21632831]: Source—1970 Sch.6; 1973 s.35; 1984 s.48(6)-(9)
[^c21853311]: Words in [Sch. 5 para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/1/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23389811]: Words in [Sch. 5 para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/1/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23389831]: Word in [Sch. 5 para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/1/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21827391]: Words in [Sch. 5 para. 2(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/3) substituted (with effect in accordance with [s. 199(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/199/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 43(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/43/1)
[^c21827411]: [Sch. 5 para. 2(4)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/4/a) substituted for para. 2(4)(a)(b) (with effect in accordance with [s. 199(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/199/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 43(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/43/2)
[^c21827431]: [Sch. 5 para. 2(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/5/6) inserted (with effect in accordance with [s. 199(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/199/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 43(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/43/3)
[^c21861361]: [Sch. 5 para. 2(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/6): definition of "period of account" repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23389851]: Words in [Sch. 5 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23389871]: [Sch. 5 para. 2(3)(a)(4)(a)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/3/a/4/a/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23389911]: [Sch. 5 para. 2(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/6): definitions of "commencement year" and "qualifying year of assessment" repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/3/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21853331]: Words in [Sch. 5 para. 3(1)(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/3/1/4/b) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23389941]: Words in [Sch. 5 para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/3/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23389961]: Words in [Sch. 5 para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/3/3/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23389981]: Words in [Sch. 5 para. 3(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/3/9/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390001]: Words in [Sch. 5 para. 3(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/3/10/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390021]: Words in [Sch. 5 para. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(5)(a)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/5/a/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21853351]: Words in [Sch. 5 para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/5/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23390041]: Words in [Sch. 5 para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/5/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21827451]: [Sch. 5 para. 6(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/2) substituted (with effect in accordance with [s. 199(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/199/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 43(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/43/4)
[^c21861381]: [Sch. 5 para. 6(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/4): definition of "period of account" repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23390061]: Word in [Sch. 5 para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(7)(a)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/7/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390081]: Words in [Sch. 5 para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(7)(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/7/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390101]: [Sch. 5 para. 6(2)(a)(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/2/a/3/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(7)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/7/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390131]: [Sch. 5 para. 6(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/4): definition of "qualifying year of assessment" repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(7)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/7/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21853361]: Words in [Sch. 5 para. 6(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/4/5) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21853381]: Words in [Sch. 5 para. 8(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/8/7) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23390151]: Words in [Sch. 5 para. 8(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/8/5/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(8)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/8/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390261]: Word in [Sch. 5 para. 8(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/8/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(8)(b)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/8/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390221]: Words in [Sch. 5 para. 8(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/8/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(8)(b)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/8/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21858781]: Words in [Sch. 5 para. 9(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/9/4) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 76(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/76/2/3)
[^c23390311]: Words in [Sch. 5 para. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/11) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(9)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/9) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21633101]: [Sch. 6 Pt. I](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6/part/I) substituted (27.7.1993 with effect for the year 1993-94) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 70(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/70/1/2)
[^c21632971]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21632981]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c22777951]: Words in [Sch. 6 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6/paragraph/6) substituted (with effect in accordance with [s. 59](https://www.legislation.gov.uk/ukpga/2000/17/section/59) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 11 para. 1(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/11/paragraph/1/3)
[^c21632991]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21633001]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21633011]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21633021]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21633031]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21873101]: [Sch. 6 para. 9(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6/paragraph/9/c) restricted (6.4.1994 with effect in accordance with reg. 4(2) of the 1994 affecting S.R.) by [Social Security Contributions and Benefits (Northern Ireland) Act 1992 (c. 7)](https://www.legislation.gov.uk/ukpga/1992/7), [s. 10(6)(a)](https://www.legislation.gov.uk/ukpga/1992/7/section/10/6/a) (as substituted by [The Social Security (Contributions) (Miscellaneous Amendments) Regulations (Northern Ireland) 1994 (S.R. 1994/94)](https://www.legislation.gov.uk/nisr/1994/94), [reg. 4(1)](https://www.legislation.gov.uk/nisr/1994/94/regulation/4/1))
[^c21633041]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21633051]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c22777971]: Words in [Sch. 6 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6/paragraph/10) inserted (with effect in accordance with [s. 59](https://www.legislation.gov.uk/ukpga/2000/17/section/59) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 11 para. 1(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/11/paragraph/1/4)
[^c22777921]: [1988 c. 52](https://www.legislation.gov.uk/ukpga/1988/52).
[^c22777931]: [S.I. 1981/154 (N.I. 1)](https://www.legislation.gov.uk/nisi/1981/154).
[^c21633471]: Source—1976 Sch.8 1(1)
[^c21633481]: Source—1976 Sch.8 2
[^c21633491]: Source—1976 Sch.8 3
[^c21633501]: Source—1976 Sch.8 1(2)
[^c21873541]: Words in [Sch. 7 para. 1(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/1/5) substituted (with effect in accordance with [s. 88(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 88(4)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/4/a)
[^c21873531]: Words in [Sch. 7 para. 1(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/1/5) repealed (with effect in accordance with [s. 88(5)(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/5/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 88(4)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/4/a), [Sch. 26 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/5), Note
[^c22194401]: Words in [Sch. 7 para. 1(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/1/5) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 41](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/41), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c21633511]: Source—1976 Sch.8 4
[^c21633531]: Source—1976 Sch.8 5, 6, 7
[^c21633541]: Words in [Sch. 7 para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/3/1) added (for year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/3/1)
[^c21633551]: [Sch. 7 paras. 3(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/3/2/3) repealed (for year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 6 para. 3(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/3/2), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 6
[^c21881821]: [Sch. 7 para. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/4) renumbered as para. 4(1) (with effect in accordance with [s. 45(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/45/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 45(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/45/4)
[^c21881841]: [Sch. 7 para. 4(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/4/2) inserted (with effect in accordance with [s. 45(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/45/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 45(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/45/4)
[^c22172431]: Words in [Sch. 7 para. 5(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/5/1/a) substituted (with effect in accordance with [s. 107(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 107(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/2/a)
[^c22172451]: Words in [Sch. 7 para. 5(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/5/1/b) substituted (with effect in accordance with [s. 107(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 107(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/2/b)
[^c22172471]: [Sch. 7 para. 5(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/5/2) substituted (with effect in accordance with [s. 107(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 107(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/3)
[^c21633581]: [Sch. 7 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/6) repealed (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 6 para. 4](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/4), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 6
[^c21633591]: Source—1976 Sch.8 9, 10, 11
[^c21633611]: Source—1976 Sch.8 12-14; 1983 (No.2) s.4
[^c21633621]: Words in [Sch. 7 para. 10(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/10/1/2) repealed (27.7.1993 with effect as mentioned in [s. 57](https://www.legislation.gov.uk/ukpga/1993/34/section/57) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 57](https://www.legislation.gov.uk/ukpga/1993/34/section/57), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/1)
[^c21633641]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [Sch. 6 para.5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/5)
[^c21873561]: [Sch. 7 Pts. 3-5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/part/3) repealed (with effect in accordance with s. 88(5)(6) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 88(4)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/4/b), [Sch. 26 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/5), Note
[^c21633661]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [Sch. 6 para.5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/5)
[^c21633671]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [Sch. 6 para.5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/5)
[^c21633681]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(4)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/4), [Sch. 6 para.5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/5)
[^c21633691]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by Finance Act [1991 c. 31](https://www.legislation.gov.uk/ukpga/1991/31), SIF 63:1), s. 27(6), Sch. 6 para.5
[^c21633701]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [Sch. 6 para.5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/5)
[^c21873571]: [Sch. 7 Pts. 3-5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/part/3) repealed (with effect in accordance with s. 88(5)(6) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 88(4)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/4/b), [Sch. 26 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/5), Note
[^c21633751]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [Sch. 6 para. 5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/5)
[^c21633761]: Words in [Sch. 7 para. 19(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/19/1) inserted (16.7.1992 for the year 1992-93 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 19(3)(7)](https://www.legislation.gov.uk/ukpga/1992/48/section/19/3/7)
[^c21633771]: Words in definition of “excess liability” in Sch. 7 para. 19(1) substituted (with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/1), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21873581]: [Sch. 7 Pts. 3-5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/part/3) repealed (with effect in accordance with s. 88(5)(6) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 88(4)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/4/b), [Sch. 26 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/5), Note
[^c22777991]: Words in [Sch. 8 para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/1) repealed (27.7.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 4 para. 9(2)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/4/paragraph/9/2), [Sch. 17 Pt. 4](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/4)
[^c22778051]: Words in [Sch. 8 para. 7(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/2) substituted (with effect in accordance with [Sch. 12 para. 18(4)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/18/4) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 12 para. 18(2)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/18/2)
[^c22778011]: Words in [Sch. 8 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/3) inserted (27.7.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 4 para. 9(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/4/paragraph/9/3)
[^c22778091]: Word in [Sch. 8 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/3) repealed (with effect in accordance with [Sch. 12 para. 18(4)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/18/4) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 12 para. 18(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/18/3), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/5), Note 6
[^c22778071]: Words in [Sch. 8 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/3) inserted (with effect in accordance with [Sch. 12 para. 18(4)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/18/4) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 12 para. 18(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/18/3)
[^c22778031]: [Sch. 8 para. 7(4)-(12)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/4) inserted (27.7.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 4 para. 9(4)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/4/paragraph/9/4)
[^c22778111]: [Sch. 8 para. 7(9)-(12)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/9) applied (27.7.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 5 para. 16(6)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/5/paragraph/16/6)
[^c22778121]: [Sch. 8 para. 7(9)-(12)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/9) applied (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 14 para. 35(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/14/paragraph/35/4)
[^c22778131]: [Sch. 8 para. 8(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/8/a) repealed (with effect in accordance with s. 137(6) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/137/1), [Sch. 29 Pt. 8(20)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/20), Note
[^c21633901]: *Repealed by* 1989 ss.61*and* 187*and* Schs.4 para.10(2)(a)*and* 17 Part IV.
[^c21633911]: 1989 s.61*and* Sch.4 para.10(2)(b)(i).
[^c21633921]: *Repealed by* 1989 ss.61*and* 187*and* Schs.4 para.10(1), (2)(a)*and* 17 Part IV.
[^c21633941]: 1989 s.61*and* Sch.4 para.10(2)(b)(ii).*Previously* “the base year referred to in sub-paragraph (3) above”.
[^c21633951]: 1989 s.61*and* Sch.4 para.10(2)(b)(iii).*Previously* “must be less than the amount which would produce a distributable pool of 5 per cent. of the standard pay of the employment unit”.
[^c21633961]: 1989 s.61*and* Sch.4 para.10(2)(b)(iv).*Previously* “(6) The references in this paragraph to the standard pay of the employment unit are references to the amount which the scheme employer, at the time when he applies for registration of the scheme, reasonably estimates will be the annual equivalent of the pay, at the beginning of the profit period or first profit period, of the employees to whom the scheme will then relate; and for this purpose an estimate shall (in the absence of evidence to the contrary) be taken to be a reasonable one if it is based on the most recent information available to the employer as to the monthly or annual pay of the relevant employees.”.
[^c21633971]: 1989 s.61*and* Sch.4 para.11.
[^c21633981]: *Repealed by* 1989 ss.61*and* 187, Schs.4 para.10(1)*and* 17 Part IV.
[^c21633991]: *Repealed by* 1989 ss.61*and* 187, Schs.4 paras.10(2)(a), 12*and* 17 Part IV.
[^c21634001]: 1989 s.61*and* Sch.4 para.10(2)(c).*Previously* “must be less than the amount which would produce a distributable pool of 5 per cent. of the standard pay of the employment unit.”.
[^c21634011]: *Repealed by* 1989 ss.61*and* 187, Schs.4 paras.10(2)(a), 12*and* 17 Part IV.
[^c21634021]: 1989 s.61*and* Sch.4 para.13.
[^c21634031]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c21634041]: 1989 s.61*and* Sch.4 para.14(2).
[^c21634051]: 1989 s.61*and* Sch.4 para.14(3).*Previously* “(f) profit-related pay payable under the scheme;”.
[^c21634061]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c21634071]: [S.I. 1986/1032 (N.I. 6)](https://www.legislation.gov.uk/nisi/1986/1032).
[^c21882051]: [Sch. 8 para. 19(6)(g)-(k)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/19/6/g) repealed (with effect in accordance with s. 136(5)-(11) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 136(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/136/2), [Sch. 29 Pt. 8(19)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/19), Note
[^c21882091]: [Sch. 8 para. 19(6)(l)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/19/6/l) inserted (with effect in accordance with [s. 136(5)-(11)](https://www.legislation.gov.uk/ukpga/1995/4/section/136/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 136(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/136/3)
[^c21882111]: [Sch. 8 para. 19(6A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/19/6A) inserted (with effect in accordance with [s. 136(5)-(11)](https://www.legislation.gov.uk/ukpga/1995/4/section/136/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 136(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/136/4)
[^c22778141]: Words in [Sch. 8 para. 19(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/19/5/b) inserted (with effect in accordance with [s. 4(2)-(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/4/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 4(1)(a)](https://www.legislation.gov.uk/ukpga/1997/58/section/4/1/a)
[^c22778161]: [Sch. 8 para. 19(6)(fg)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/19/6/fg) inserted (with effect in accordance with [s. 4(2)-(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/4/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 4(1)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/4/1/b)
[^c21634081]: 1989 s.61*and* Sch.4 para.15.
[^c21634401]: Source—1980 Sch.10 5(b)
[^c21634411]: Source—1980 Sch.10 24
[^c21634421]: Source—1980 Sch.10 6
[^c21634431]: Source—1980 Sch.10 7
[^c21634461]: Source—1980 Sch.10 8; 1986 s.23(3)
[^c21634481]: Words in [Sch. 9 para. 19(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/19/b) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 38(2)(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/38/2/6)
[^c22194801]: Words in [Sch. 9 para. 19(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/19/a) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(4)(a)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/4/a)
[^c21634501]: Source—1980 Sch.10 9
[^c21634511]: Words in [Sch. 9 para. 20](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/20) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 38(2)(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/38/2/6)
[^c21634521]: Source—1980 Sch.10 10; 1986 s.25(4), (8), (9)
[^c21634531]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6)
[^c21634541]: [S.I. 1986/1032 (N.I. 6)](https://www.legislation.gov.uk/nisi/1986/1032).
[^c22172601]: Word in [Sch. 9 para. 21(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/21/1) repealed (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 113(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/113/1), [Sch. 41 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/5), Note 2
[^c22172611]: [Sch. 9 para. 21(1)(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/21/1/f) and preceding word inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 113(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/113/1)
[^c22172631]: [Sch. 9 para. 21(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/21/4) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 113(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/113/2)
[^c21634551]: Source—1980 Sch.10 11
[^c21634561]: Source—1980 Sch.10 12; 1986 s.25(5)
[^c21634641]: Source—1980 Sch.10 13(1)
[^c21634651]: Source—1980 Sch.10 13(2), (3); 1984 s.39(5)
[^c21634661]: Figure in Sch. 9 para. 24(2)(a) substituted (01.09.1991) by virtue of [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 40(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/40/1); [S.I. 1991/1741](https://www.legislation.gov.uk/uksi/1991/1741), [art.2](https://www.legislation.gov.uk/uksi/1991/1741/article/2).
[^c21634671]: Source—1980 Sch.10 14
[^c21634681]: 1989 s.62(3).*Previously* “90 per cent.”.
[^c21634691]: Source—1980 Sch.10 20; 1984 s.39(6); 1986 s.25(7)
[^c21634701]: Source—1980 Sch.10 21; 1986 s.25(6)
[^c21884141]: Words in [Sch. 9 para. 26(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/26/1/a) substituted (with effect in accordance with [s. 137(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/137/7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 137(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/137/2)
[^c22172651]: Words in [Sch. 9 para. 26(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/26/3) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 113(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/113/3)
[^c21634711]: Source—1984 Sch.10 4(1)(a), (2)
[^c21634721]: Source—1984 Sch.10, 12
[^c21634731]: Source—1984 Sch. 10 15(1)
[^c21884161]: Words in [Sch. 9 para. 27(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/27/4) repealed (with effect in accordance with s. 137(7)(8) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 137(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/137/3), [Sch. 29 Pt. 8(20)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/20), Note
[^c21634741]: Source—1984 Sch. 10 5
[^c22172671]: Words in [Sch. 9 para. 28(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/28/1) substituted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 114(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/114/2/a)
[^c22180711]: [Sch. 9 para. 28(2)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/28/2/4) repealed (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 114(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/114/2/b), [Sch. 41 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/5), Note 3
[^c22181421]: [Sch. 9 para. 28(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/28/3) applied (with effect in accordance with Sch. 16 para. 1 of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 16 para. 2(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/16/paragraph/2/2)
[^c21634761]: [S. 29](https://www.legislation.gov.uk/ukpga/1988/1/section/29) substituted (1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 39(1)(7)](https://www.legislation.gov.uk/ukpga/1991/31/section/39/1/7)
[^c22180741]: [Sch. 9 para. 29(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/29/1) substituted for para. 29(1)-(6) (with effect in accordance with [s. 114(10)](https://www.legislation.gov.uk/ukpga/1996/8/section/114/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 114(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/114/3)
[^c22194581]: [Sch. 9 para. 29(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/29/8) repealed (with effect in accordance with s. 114(10) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/5), Note 3
[^c22210601]: Words in [Sch. 12 para. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/1) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/3/c)
[^c21635981]: Source—1977 Sch.7 4(1), (2), (5)
[^c21635991]: 1989 s.42(5)*for* 1989-90*and subsequent years of assessment. Previously* “emoluments from the relevant employment in respect of which such a deduction is allowed for the year of assessment”.
[^c22194411]: Words in [Sch. 12 para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/2/2) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 42](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/42), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c22210611]: Words in [Sch. 12 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/2/1) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/3/c)
[^c21636021]: Source—1977 Sch.7 1(2), (3), (4)
[^c22210621]: Words in [Sch. 12 para. 3(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/3/1/3) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/3/c)
[^c22210671]: Words in [Sch. 12 para. 3(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/3/2/a) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(4)(a)(i)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/4/a/i)
[^c22210681]: Words in [Sch. 12 para. 3(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/3/2/b) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/4/a/ii)
[^c22217711]: [Sch. 12 para. 3(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/3/2A) repealed (with effect in accordance with s. 63(5)-(7) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(11)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/11), Note
[^c21636061]: Source—1977 Sch.7 6-8
[^c21636071]: [1964 c. 29](https://www.legislation.gov.uk/ukpga/1964/29).
[^c22210651]: Words in [Sch. 12 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/5) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/3/c)
[^c22210701]: Words in [Sch. 12 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/5) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(4)(b)(i)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/4/b/i)
[^c22210721]: Words in [Sch. 12 para. 5(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/5/a/b) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(4)(b)(ii)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/4/b/ii)
[^c22210661]: Words in [Sch. 12 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/6) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/3/c)
[^c22217791]: [Sch. 12 para. 7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/7) repealed (with effect in accordance with s. 63(5)-(7) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(11)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/11), Note
[^c21635961]: [Sch. 12 para. 1A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/1A) and crossheading inserted (16.7.1992 for the year 1992-93 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 54(1)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/54/1/2)
[^c21635971]: [Sch. 12 para. 1A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/1A) and crossheading inserted (16.7.1992 for the year 1992-93 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 54(1)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/54/1/2)
[^c22210591]: Words in [Sch. 12 para. 1A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/1A) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/3/c)
[^c22245981]: Words in [Sch. 12 para. 1A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/1A) inserted (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 12 Pt. 2 para. 15](https://www.legislation.gov.uk/ukpga/2001/9/schedule/12/part/2/paragraph/15)
[^c21636121]: *See* s.250—*returns in connection with stock dividends.*
[^c21892291]: [Sch. 13 para. 1-3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1) applied (with modifications) (1.7.1997) by [The Manufactured Dividends (Tax) Regulations 1997 (S.I. 1997/993)](https://www.legislation.gov.uk/uksi/1997/993), [reg. 6](https://www.legislation.gov.uk/uksi/1997/993/regulation/6)
[^c21868081]: [Sch. 13 para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1/1) substituted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/2)
[^c21868101]: [Sch. 13 para. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1/4) substituted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/3)
[^c22733991]: [Sch. 13 para. 1(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1/1/b) repealed (with effect in accordance with Sch. 6 para. 16(12) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(2)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/2/a), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734011]: Words in [Sch. 13 para. 1(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1/1/c) repealed (with effect in accordance with Sch. 6 para. 16(12) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(2)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/2/b), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22733971]: Words in [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1) repealed (with effect in accordance with Sch. 6 para. 16(12) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(2)(c)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/2/c), [Sch. 8 Pt 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734031]: Words in [Sch. 13 para. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1/4) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(3)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/3/a), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734071]: [Sch. 13 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1/4/b) and preceding word repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(3)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/3/b), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c21636141]: *For rates of corporation tax see* Tables K*and* L*in* Vol.1.
[^c21868121]: [Sch. 13 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/1) substituted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/4)
[^c21868141]: [Sch. 13 para. 2(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/5/6) inserted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/5)
[^c21892311]: [Sch. 13 para. 1-3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1) applied (with modifications) (1.7.1997) by [The Manufactured Dividends (Tax) Regulations 1997 (S.I. 1997/993)](https://www.legislation.gov.uk/uksi/1997/993), [reg. 6](https://www.legislation.gov.uk/uksi/1997/993/regulation/6)
[^c21890981]: Words in [Sch. 13 para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/2) renumbered as para. 2(2)(a) (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by virtue of [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/2)
[^c21891001]: [Sch. 13 para. 2(2)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/2/b/c) inserted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/2)
[^c22734211]: Words in [Sch. 13 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/1) substituted (with effect in accordance with [Sch. 6 para. 16(13)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/13) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(4)(a)(i)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/4/a/i)
[^c22734231]: [Sch. 13 para. 2(1)(d)-(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/1/d) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/4/a/ii), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734251]: Words in [Sch. 13 para. 2(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/4) substituted (with effect in accordance with [Sch. 4 para. 23(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/23/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 23(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/23/2)
[^c22734271]: [Sch. 13 para. 2(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/4A) inserted (with effect in accordance with [Sch. 4 para. 23(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/23/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 23(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/23/3)
[^c22734301]: [Sch. 13 para. 2(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/5/6) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(4)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/4/b), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c21868161]: Words in [Sch. 13 para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3/1) inserted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(6)(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/6/a)
[^c21868181]: Words in [Sch. 13 para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3/3) inserted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(6)(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/6/b)
[^c21892321]: [Sch. 13 para. 1-3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1) applied (with modifications) (1.7.1997) by [The Manufactured Dividends (Tax) Regulations 1997 (S.I. 1997/993)](https://www.legislation.gov.uk/uksi/1997/993), [reg. 6](https://www.legislation.gov.uk/uksi/1997/993/regulation/6)
[^c21891021]: Words in [Sch. 13 para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3/3) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 3(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/3/a)
[^c21891041]: Words in [Sch. 13 para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3/3) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 3(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/3/b)
[^c22734321]: Words in [Sch. 13 para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3/1) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(5)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/5/a), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734341]: Words in [Sch. 13 para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3/3) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(5)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/5/b), [Sch 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c21868221]: Words in [Sch. 13 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/4/2) inserted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(8)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/8)
[^c22734381]: Words in [Sch. 13 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/4/2) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/7), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734401]: [Sch. 13 para. 4(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/4/3) substituted (with effect in accordance with [Sch. 4 para. 23(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/23/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 23(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/23/4)
[^c21891121]: Words in [Sch. 13 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/5) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 5](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/5)
[^c21868301]: Words in [Sch. 13 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/7/3) substituted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(11)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/11)
[^c21891161]: [Sch. 13 para. 7(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/7/2) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 7(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/7/2)
[^c21891181]: Words in [Sch. 13 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/7/3) inserted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 7(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/7/3)
[^c21891201]: [Sch. 13 para. 7(3A)(4)(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/7/3A/4/4A/4B) substituted for para. 7(4) (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 7(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/7/4)
[^c22734461]: Words in [Sch. 13 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/7/3) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para 16(10)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/10), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c21892331]: [Sch. 13 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/8) applied (with modifications) (1.7.1997) by [The Manufactured Dividends (Tax) Regulations 1997 (S.I. 1997/993)](https://www.legislation.gov.uk/uksi/1997/993), [reg. 6](https://www.legislation.gov.uk/uksi/1997/993/regulation/6)
[^c21891241]: Words in [Sch. 13 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/8) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 9](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/9)
[^c21892341]: [Sch. 13 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/10) applied (with modifications) (1.7.1997) by [The Manufactured Dividends (Tax) Regulations 1997 (S.I. 1997/993)](https://www.legislation.gov.uk/uksi/1997/993), [reg. 6](https://www.legislation.gov.uk/uksi/1997/993/regulation/6)
[^c21636151]: 1989 s.149(3)(c)—*not to affect the making of assessments before* 1983-84*or for accounting periods ending before* 1*April* 1983.*Previously* “sections 36 and 39”.
[^c22778541]: [Sch. 13 paras. 3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3A), [3B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3B) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/6), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22778551]: [Sch. 13 paras. 3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3A), [3B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3B) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/6), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734421]: [Sch. 14 para. 4A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/4A) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/8), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734441]: [Sch. 13 para. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/6A) repealed (with effect in accordance with Sch. 6 para 16(13) of the repealing Act) by [Finance Act (No. 2) 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/9), [Sch. 8 Pt 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734521]: [Sch 13 para. 9A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/9A) repealed (with effect in accordance with Sch. 6 para. 16(14) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/11), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c21892361]: [Sch. 13 para. 7A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/7A) applied (with modifications) (1.7.1997 with effect in accordance with reg. 6(2) of the amending instrument the appointed day being 1.7.1997 ([S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173) art. 2)) by [The Manufactured Dividends (Tax) Regulations 1997 (S.I. 1997/993)](https://www.legislation.gov.uk/uksi/1997/993), [reg. 6](https://www.legislation.gov.uk/uksi/1997/993/regulation/6)
[^c21636161]: Source—1976 Sch.4 8, 9, 10
[^c23403061]: Words in [Sch. 14 para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/1/1) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [101(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/101/2/a)
[^c23403041]: [Sch. 14 para. 1(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/1/1/b) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [101(2)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/101/2/b)
[^c23403171]: Words in [Sch. 14 para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/6/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 232(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/232/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21636791]: Source—1970 s.337(1)(b); 1985 s.41(7)(a)
[^c21636951]: *See* S.I.[1989 No.1343](https://www.legislation.gov.uk/ukcm/1989/1343)(N.I.14) Art.10(2)*and* Sch.1 para.38(3)*for construction in the case of a solicitor who is a member of a recognised body.*
[^c22783731]: [Sch. 15 para. 21](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/21) restricted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(1)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/1/9) (with [s. 55(2)(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/2/3)) (as amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1))
[^c21637061]: Source—1975 Sch.2 1; 1987 Sch.15 7
[^c21637071]: Source—1970 Sch.1 11(1); 1975 Sch.2 2(1); 1976 s.33(1); 1978 Sch.3 13(1)(a), (b)
[^c21637081]: Source—1970 Sch.1 11(2); 1975 Sch.2 2(2); 1976 s.33(2); 1978 Sch.3 13(1)(b)
[^c21637091]: Source—1970 Sch.1 11(3)
[^c23820761]: [Sch. 15 para. 22(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/22/3/c) and preceding word inserted (partly retrospective, and otherwise with effect in accordance with [s. 87(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/87/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 87(3)(4)(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/87/3/4/6)
[^c23821161]: Words in [Sch. 15 para. 25(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/25/2/c) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c21637181]: [Sch. 16 para. 2(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/2/2/a) modified by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [Sch. 11 para. 3(1)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/3/1)
[^c22737481]: Words in [Sch. 16 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/4/2) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8). Sch. 23 para. 11(a)
[^c22737521]: Words in [Sch. 16 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/4/2) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8). Sch. 23 para. 11(b)
[^c22737621]: Words in [Sch. 16 para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/4/1) repealed (with effect in accordance with s. 91(5) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 91(2)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/91/2/a), [Sch. 20 Pt. 3(19)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/19), Note
[^c22737641]: [Sch. 16 para. 4(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/4/3) repealed (with effect in accordance with s. 91(5) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 91(2)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/91/2/b), [Sch. 20 Pt. 3(19)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/19), Note
[^c21637211]: [Sch. 16 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/5) restricted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [Sch. 11 para. 4(1)(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/4/1/2)
[^c22737541]: [Sch. 16 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/5) restricted (with effect in accordance with s. 105(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 91(1)(7)](https://www.legislation.gov.uk/ukpga/1996/8/section/91/1/7) (with [Schs. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10), [11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11), [15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21637221]: *See* s.341—*payments of interest between related companies.*
[^c22737701]: Words in [Sch. 16 para. 6(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/6/5) substituted (S.) (30.12.2002) by Debt Arrangement and Attachment (Scotland) Act 2002 (asp17), s. 64(2), sch. 3 para. 19
[^c22737581]: Words in [Sch. 16 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/8) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 13](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/13)
[^c22737661]: Words in [Sch. 16 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/8) substituted (with effect in accordance with [s. 91(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/91/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 91(3)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/91/3/a)
[^c22737681]: Words in [Sch. 16 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/8) substituted (with effect in accordance with [s. 91(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/91/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 91(3)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/91/3/b)
[^c21637231]: 1989 s.149(3)(d)—*not to affect the making of assessments before* 1983-84*or for accounting periods ending before* 1*April* 1983.*Previously* “sections 36 and 37”.
[^c21637241]: Source—1987 (No.2) Sch.4
[^c22742631]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637391]: *See* 1990 s.32(12)(b).*Reference to* “section 413(7) to (9)” *to be construed as a reference to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c21637401]: 1989 s.101(2)*from* 27*July* 1989;*from* 14*March* 1989*for purposes of* subss. (1D)*and* (1E)*of* 1970 s.272.*Previously* “(b) do not carry any right either to conversion into shares or securities of any other description or to the acquisition of any additional shares or securities;”.
[^c22744671]: [Sch. 18 para. 1(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/5) applied (with modifications) (1.5.1995) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 153(11A)](https://www.legislation.gov.uk/ukpga/1993/34/section/153/11A) (as inserted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 24 para 4(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/4/4))
[^c21637411]: 1989 s.101(3)*from* 27*July* 1989;*from* 14*March* *for purposes of* subss. (1D)*and* (1E)*of* 1970 s.272.*Previously* “(a) which does not carry any right either to conversion into shares or securities of any other description or to the acquisition of additional shares or securities;”.
[^c21637421]: 1989 s.101(4)*from* 27*July* 1989;*from* 14*March* 1989*for purposes of* subss. (1D)*and* (1E)*of* 1970 s.272.
[^c21637431]: [Sch. 18 para. 1(5E)-(5I)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/5E) inserted (1.4.1991) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 77(1)-(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/77/1)
[^c21637471]: *See* s.291(6)—para.1*applied for purposes of business expansion scheme.*
[^c22746131]: Word in [Sch. 18 para 1(5C)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/5C/c) substituted (with effect in accordance with [Sch. 38 para. 6(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(k)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/k)
[^c22750151]: Words in [Sch. 18 para. 1(3)(d)(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/3/d/5/c) substituted (with effect in accordance with [Sch. 27 para. 6(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 5(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/5/2) (with [Sch. 27 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1))
[^c22750181]: Words in [Sch. 18 para. 1(5E)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/5E/a) inserted (with application in accordance with [s. 86(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/86/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 86(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/86/2/a)
[^c22750201]: Words in [Sch. 18 para. 1(5E)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/5E/b) inserted (with application in accordance with [s. 86(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/86/2) of the amending Act) (by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 86(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/86/2/b)
[^c22750221]: Words in [Sch. 18 para 1(6)(b)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/6/b/iii) substituted (with effect in accordance with [s. 68(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/68/2) of the amending Act) by [Finance Act 2000 (c.17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 19 para. 6](https://www.legislation.gov.uk/ukpga/2000/17/schedule/19/paragraph/6)
[^c22751751]: Words in [Sch. 18 para. 1(6)(b)(i)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/6/b/i/ii) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 63(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/63/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751781]: Words in [Sch. 18 para. 1(6)(b)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/6/b/iii) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 63(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/63/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22742651]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637481]: *See* 1990 s.32(12)(b).*Reference to* “section 413(7) to 9” *to be construed as a reference to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c22750241]: [Sch. 18 para. 2(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1A) inserted (with effect in accordance with [Sch. 27 para. 6(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 5(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/5/3) (with [Sch. 27 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1))
[^c22742661]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637491]: *See* 1990 s.32(13)(b).*Reference to* “section 413(7) to 9” *to be construed as a reference to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c21637501]: *See* s.291(6)—para.3*applied for purposes of business expansion scheme.*
[^c22742671]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637511]: *See* 1990 s.32(12)(b).*References to* “section 413(7) to (9)” *construed as references to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c21637521]: *See* 1990 s.32(12)(b).*References to* “section 413(7) to (9)” *construed as references to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c22750261]: [Sch. 18 para. 4(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/5) inserted (with effect in accordance with [Sch. 27 para 6(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 5(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/5/4) (with [Sch. 27 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1))
[^c21637531]: [Sch. 18 para. 5A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A) substituted (16.7.1992 or as mentioned in [Sch. 6 para. 6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/6) of the amending Act) for para. 5(5) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 24](https://www.legislation.gov.uk/ukpga/1992/48/section/24), [Sch. 6 paras.1](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/1), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/6)
[^c22742771]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637601]: *See* 1990 s.32(12)(b):*references to* “section 413(7) to (9)” *and to* section 413(7)*construed as references to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c22750681]: Words in [Sch. 18 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (with effect in accordance with [Sch. 27 para. 6(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 5(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/5/6) (with [Sch. 27 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1))
[^c21637621]: *See* 1990 s.32(12)(b):*references to* “section 413(7) to (9)” *and to* section 413(7)*construed as references to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c22742781]: Words in [Sch. 18 para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/7/1/b) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/b)
[^c21637631]: *See* 1990 s.32(12)(d). Para 7(1)(b)*omitted where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c23821911]: Words in [Sch. 18 para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/7/1) inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 6(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/6/3)
[^c23821931]: [Sch. 18 para. 7(1A)-(1C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/7/1A) inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 6(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/6/4)
[^c21637281]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (E.W.S) (16.1.1992) by [S.I. 1992/58](https://www.legislation.gov.uk/uksi/1992/58), [art. 35(5)](https://www.legislation.gov.uk/uksi/1992/58/article/35/5) [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with modifications) (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 170(8)](https://www.legislation.gov.uk/ukpga/1992/12/section/170/8), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)) [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with modifications) (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 228(10)](https://www.legislation.gov.uk/ukpga/1992/12/section/228/10), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21637291]: Source—1973 Sch. 12 Pt. I; 1973 s. 32(6); 1987 Sch. 15 5
[^c21637301]: *See*—s.240(13)—*application of* Sch.18*for purposes of* s.240—*set-off of surplus ACT.*[s.247(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/247/9A)—*application of* Sch.18*for purposes of.*[s.247(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/247/8A), (9)(c)—*dividends etc. paid by one member of a group to another.*[s.769(6C)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/6C)—*application of* Sch.18*for purposes of.*[s.769(6B)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/6B)—*rules for ascertaining change in ownership of company.*1990 s.32(12)—*application of* Sch.18*for relief for disposal of shares to employee share ownership trusts.*
[^c21637541]: [Sch. 18 para. 5A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A) substituted (16.7.1992 or as mentioned in [Sch. 6 para. 6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/6) of the amending Act) for para. 5(5) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 24](https://www.legislation.gov.uk/ukpga/1992/48/section/24), [Sch. 6 paras.1](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/1), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/6)
[^c22742691]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c22743281]: [Sch. 18 para. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) excluded (retrospective to 5.11.1993) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/2), [Sch. 24 para. 17(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/17/2)
[^c22742841]: [Sch. 18 para. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) excluded (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 16](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/16) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c22744711]: [Sch. 18 para. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) excluded (19.7.1995) by [Crown Agents Act 1995 (c. 24)](https://www.legislation.gov.uk/ukpga/1995/24), [s. 7(2)](https://www.legislation.gov.uk/ukpga/1995/24/section/7/2)
[^c22744731]: [Sch. 18 para. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 8(2)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/8/2)
[^c22746171]: [Sch. 18 para. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 20(2)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/20/2) (with [s. 43](https://www.legislation.gov.uk/ukpga/1996/55/section/43))
[^c21637551]: [Sch. 18 paras. 5B-5E](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) inserted (16.7.1992 with application where the option arrangements are made on or after 15.11.1991) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 24](https://www.legislation.gov.uk/ukpga/1992/48/section/24), [Sch. 6 paras. 2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/2), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/7)
[^c23821851]: Words in [Sch. 18 para. 5B(4)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B/4/d) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 121(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/121/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23821871]: [Sch. 18 para. 5B(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B/4A) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 121(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/121/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21637561]: [Sch. 18 paras. 5B-5E](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) inserted (16.7.1992 with application where the option arrangements are made on or after 15.11.1991) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 24](https://www.legislation.gov.uk/ukpga/1992/48/section/24), [Sch. 6 paras. 2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/2), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/7)
[^c22742711]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637571]: [Sch. 18 paras. 5B-5E](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) inserted (16.7.1992 with application where the option arrangements are made on or after 15.11.1991) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 24](https://www.legislation.gov.uk/ukpga/1992/48/section/24), [Sch. 6 paras. 2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/2), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/7)
[^c22742731]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637581]: [Sch. 18 paras. 5B-5E](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) inserted (16.7.1992 with application where the option arrangements are made on or after 15.11.1991) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 24](https://www.legislation.gov.uk/ukpga/1992/48/section/24), [Sch. 6 paras. 2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/2), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/7)
[^c22742751]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c22750941]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied by [Finance Act 1930 (c. 28)](https://www.legislation.gov.uk/ukpga/1930/28), [s. 42(5)](https://www.legislation.gov.uk/ukpga/1930/28/section/42/5) (as added (with effect in accordance with s. 123(7) of the 2000 amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 123(6)](https://www.legislation.gov.uk/ukpga/2000/17/section/123/6))
[^c22750971]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with effect in accordance with s. 98(2) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 28 para. 5(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/28/paragraph/5/4)
[^c22752471]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with modifications) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [Sch. 7AC para. 8(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/7AC/paragraph/8/2) (as inserted (with application in accordance with s. 44(3) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/2002/23/schedule/8/paragraph/1))
[^c22752491]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with modifications) (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 53](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/53)
[^c23821811]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with effect in accordance with s. 31 of the affecting Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 3 para. 10(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/3/paragraph/10/5)
[^c23821821]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with effect in accordance with Sch. 10 para. 2 of the affecting Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 10 para. 15(5)(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/15/5/6)
[^c23821831]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) modified (1.4.2009 with effect in accordance with s. 1329(1) of the modifying Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 519(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/519/3) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2), [paras. 73-75](https://www.legislation.gov.uk/ukpga/2009/4/paragraph/73))
[^c23821841]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with modifications) (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 772](https://www.legislation.gov.uk/ukpga/2009/4/section/772) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23821891]: Words in [Sch. 18 para. 5F(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5F/1/b) substituted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 6(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/6/2)
[^c21637641]: Source—1972 Sch. 16 8(1); 1980 Sch. 9 1
[^c21637651]: *See*—1976(D) s.34 and Sch.6 para.9(6)(7)—*development land tax.* 1976(D)*repealed by* 1985 s.98(6)*and* Sch.27 Pt.X.1988 s.127—*enterprise allowance.*
[^c21637661]: Source—1972 Sch. 16 8(2)
[^c21637671]: Source—1972 Sch.16 8(3)-(5); 1978 Sch.5 1
[^c21637681]: Source—1972 Sch.16 9(1)
[^c21637691]: *See* 1976(D) s.34*and* Sch.6 para.9(6)(7)—*development land tax.* 1976(D)*repealed by* 1985 s.98(6)*and* Sch.27 Pt.X.
[^c21637701]: Source—1972 Sch.16 9(2); 1980 Sch.9 2
[^c21637721]: Source—1972 Sch.16 9(3); 1978 s.35(1)]
[^c21637731]: Source—1972 Sch.16 9(4); 1978 s.35(2)]
[^c21637741]: Source—1972 Sch.16 9(5), (6)
[^c21637751]: Source—1972 Sch.16 10(1); 1975 (No.2) Sch.8 4
[^c21637761]: Source—1982 s.56(1)
[^c21637771]: Source—1972 Sch.16 10(1)
[^c21637781]: Source—1972 Sch.16 10A; 1973 Sch.9 3
[^c21637791]: Source—1972 Sch.16 10(2); 1980 Sch.9 3
[^c21637801]: *See* 1976(D) s.34*and* Sch.6 para.9(6)(7)—*development land tax.* 1976(D)*repealed by* 1985 s.98(6)*and* Sch.27 Pt.X.
[^c21637811]: *See* ss.539*and* 547—*certain gains under life policies.*
[^c21637821]: Source—1972 Sch.16 10(3); 1978 s.35(3); 1980 s.44(2)
[^c21637831]: *See* ss.539*and* 547—*certain gains under life policies.*
[^c21637841]: Source—1972 Sch.16 10(4), (4A); 1980 Sch.9 4
[^c21637851]: Source—1972 Sch.16 10(5); 1980 Sch.9 5
[^c21637861]: Source—1972 Sch.16 10(6)
[^c21637871]: Source—1972 Sch.16 10(7)
[^c21637881]: Source—[1972 Sch.16 10(8)(a)]
[^c21637891]: Source—[1972 Sch.16 10(8)(b), (c); 1985 Sch.25 9]
[^c21637901]: Source—[1972 Sch.16 10(9); 1980 Sch.9 6; 1987 Sch.15 4]
[^c21637911]: Source—[1972 Sch.16 11]
[^c21637921]: *See* 1974 s.44(4)*and* Sch.7 para.4(2)—*development gains.*
[^c21637931]: *See*—s.623(2)—*definition of “investment income” applied for purposes of retirement annuities.*[s.745(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/745/4)—*definition of “trading company” applied for purpose of* Ch.III Part XVIII (*transfer of assets abroad*).
[^c21637941]: Source—[1972 Sch.16 12(1); 1973 Sch.9 4(2), (4)]
[^c21637951]: Source—[1972 Sch.16 12(2)]
[^c21637961]: Source—[1972 Sch.16 12(2A); 1973 Sch.9 4(3)]
[^c21637971]: Source—[1972 Sch.16 12(2B); 1982 s.56(2)]
[^c21637981]: Source—[1972 Sch.16 12(3)]
[^c21637991]: Source—[1972 Sch.16 12A; 1978 Sch.5 2]
[^c21638001]: Source—[1972 Sch.16 13(1); 1980 Sch.9 7]
[^c21638011]: *See* 1976(D) s.34*and* Sch.6 para.9(8)—*development land tax.* 1976(D)*repealed by* 1985 s.98(6)*and* Sch.27 Pt.X.
[^c21638021]: Source—[1972 Sch.16 13(2)]
[^c21638031]: Source—[1972 Sch.16 13(3)]
[^c21638041]: [Sch.7 para.36(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/36/8) Copyright, Designs and Patents Act 1988*from* 1*August* 1989—*commencement order* S.I. [1989 No.816](https://www.legislation.gov.uk/ukcm/1989/816) (*not reproduced*).*Previously* “*tangible property or of copyright in a literary, dramatic, musical or artistic work within the meaning of the Copyright Act* 1956 (*or any corresponding right under the law of a country to which that Act does not extend*)”.
[^c21638051]: Source—[1956 c. 74](https://www.legislation.gov.uk/ukpga/1956/74).
[^c21638061]: [1956 c.74](https://www.legislation.gov.uk/ukpga/1956/74)
[^c21638071]: Source—[1972 Sch.16 13(4), (5)]
[^c21638081]: [1986 c. 45](https://www.legislation.gov.uk/ukpga/1986/45).
[^c21638091]: Source—[1972 Sch.16 14; 1975 (No.2) Sch.8 3(3)]
[^c21638101]: Source—[1975 (No.2) Sch.8 3(4).]
[^c21638111]: *Repealed by* 1989 s.187*and* Sch.17 Part V*but* Part I*continues to have effect where the subsequent distribution referred to in* 1988 s.427(4)*is made before* 1*April* 1992.
[^c21638121]: Source—[1972 Sch.16 15-20; 1976 s.44(3); 1987 (No.2) s.61(5), (6)]
[^c21638131]: [Sch.19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19)*repealed by* 1989 s.187*and* Sch.17 Part V*in relation to accounting periods beginning after* 31*March* 1989 (*except paragraph* 17*which repeal has effect on and after* 27*July* 1989).
[^c21638141]: [Sch.19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19)*repealed by* 1989 s.187*and* Sch.17 Part V*in relation to accounting periods beginning after* 31*March* 1989 (*except paragraph* 17*which repeal has effect on and after* 27*July* 1989).
[^c22765661]: Words in [Sch. 19AA para. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/1/2) inserted (with effect in accordance with [Sch. 8 para. 55](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 33](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/33)
[^c21638161]: See 1990 s. 42 and Sch.7 para.10(2) regarding treatment of assets in relation to the first period of account of an insurance company
[^c22754751]: Words in [Sch. 19AA para. 2(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/2/3/c) substituted (10.1.1995 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 1994 (S.I. 1994/3278)](https://www.legislation.gov.uk/uksi/1994/3278), [art. 3](https://www.legislation.gov.uk/uksi/1994/3278/article/3)
[^c22768981]: Words in [Sch. 19AA para. 2(1)(b)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/2/1/b/2/3) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(k)(i)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/k/i)
[^c22769061]: Words in [Sch. 19AA para. 2(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/2/3/d) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(m)(i)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/m/i)
[^c22769081]: Words in [Sch. 19AA para. 3(1)(a)(2)(a)(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/3/1/a/2/a/3/a) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(k)(ii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/k/ii)
[^c22754771]: [Sch. 19AA para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/1) substituted (10.1.1995 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 1994 (S.I. 1994/3278)](https://www.legislation.gov.uk/uksi/1994/3278), [art. 4(1)](https://www.legislation.gov.uk/uksi/1994/3278/article/4/1)
[^c22754811]: [Sch. 19AA para. 4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/3/4) inserted (10.1.1995 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 1994 (S.I. 1994/3278)](https://www.legislation.gov.uk/uksi/1994/3278), [art. 4(3)](https://www.legislation.gov.uk/uksi/1994/3278/article/4/3)
[^c22768791]: [Sch. 19AA para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/1): definition of "B" substituted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 3(2)](https://www.legislation.gov.uk/uksi/2000/2188/article/3/2)
[^c22768811]: [Sch. 19AA para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/2) substituted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 3(3)](https://www.legislation.gov.uk/uksi/2000/2188/article/3/3)
[^c22768831]: [Sch. 19AA para. 4(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/5) inserted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 3(4)](https://www.legislation.gov.uk/uksi/2000/2188/article/3/4)
[^c22768851]: [1996 c. 8](https://www.legislation.gov.uk/ukpga/1996/8).
[^c22769111]: Words in [Sch. 19AA para 4(1)(2)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/1/2/5) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(k)(iii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/k/iii)
[^c22769141]: Words in [Sch. 19AA para 4(2)(a)(b)(4)(b)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/2/a/b/4/b/5) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(m)(ii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/m/ii)
[^c23822381]: Words in [Sch. 19AA para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/1) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 7(2)](https://www.legislation.gov.uk/uksi/2005/3465/article/7/2)
[^c23822401]: Words in [Sch. 19AA para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/2) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 7(3)](https://www.legislation.gov.uk/uksi/2005/3465/article/7/3)
[^c23822451]: [Sch. 19AA para. 4(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/5): definition of "free assets amount" omitted (9.6.2006 with effect in accordance with art. 1(2)(3) of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [4](https://www.legislation.gov.uk/uksi/2006/1358/article/4)
[^c23822471]: Words in [Sch. 19AA para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/1) inserted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [9(2)](https://www.legislation.gov.uk/uksi/2007/1031/article/9/2)
[^c23822491]: [Sch. 19AA para. 4(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/1A) inserted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [9(3)](https://www.legislation.gov.uk/uksi/2007/1031/article/9/3)
[^c23822511]: Words in [Sch. 19AA para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/2) inserted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [9(4)(a)](https://www.legislation.gov.uk/uksi/2007/1031/article/9/4/a)
[^c23822531]: Words in [Sch. 19AA para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/2) inserted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [9(4)(b)](https://www.legislation.gov.uk/uksi/2007/1031/article/9/4/b)
[^c23822551]: [Sch. 19AA para. 4(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/2A) inserted (17.4.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/1031)](https://www.legislation.gov.uk/uksi/2007/1031), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2007/1031/article/1/1), [9(5)](https://www.legislation.gov.uk/uksi/2007/1031/article/9/5)
[^c22754831]: Words in [Sch. 19AA para. 5(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5/a) inserted (10.1.1995 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 1994 (S.I. 1994/3278)](https://www.legislation.gov.uk/uksi/1994/3278), [art. 5(a)](https://www.legislation.gov.uk/uksi/1994/3278/article/5/a)
[^c22765681]: Words in [Sch. 19AA para. 5(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 8](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/8)
[^c22767831]: [Sch. 19AA para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 31](https://www.legislation.gov.uk/uksi/1997/473/regulation/31)
[^c22769591]: [Sch. 19AA para. 5(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [19](https://www.legislation.gov.uk/uksi/1998/1871/regulation/19)
[^c22768861]: Words in [Sch. 19AA para. 5(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5/a) substituted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 4(2)(a)](https://www.legislation.gov.uk/uksi/2000/2188/article/4/2/a)
[^c22768881]: [Sch. 19AA para. 5(5)(c)-(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5/c) substituted for para. 5(5)(c)-(g) (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 4(2)(b)](https://www.legislation.gov.uk/uksi/2000/2188/article/4/2/b)
[^c22768901]: [Sch. 19AA para. 5(6A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/6A) inserted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 4(3)](https://www.legislation.gov.uk/uksi/2000/2188/article/4/3)
[^c22768921]: [Sch. 19AA para. 5(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/7) omitted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by virtue of [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 4(4)](https://www.legislation.gov.uk/uksi/2000/2188/article/4/4)
[^c23822221]: Words in [Sch. 19AA para. 5(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5/c) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23822341]: [Sch. 19AA para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [25](https://www.legislation.gov.uk/uksi/2005/2014/regulation/25); and that modifying reg. 25 is omitted (14.8.2007 with effect in accordance with reg. 1(2) of the revoking S.I.) by virtue of [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [23](https://www.legislation.gov.uk/uksi/2007/2134/regulation/23)
[^c23822331]: [Sch. 19AA para. 5(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [17](https://www.legislation.gov.uk/uksi/2004/2680/regulation/17); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23822241]: [Sch. 19AA para. 5(5A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5A) inserted (31.12.2004 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2004 (S.I. 2004/3275)](https://www.legislation.gov.uk/uksi/2004/3275), [art. 3(2)](https://www.legislation.gov.uk/uksi/2004/3275/article/3/2)
[^c23822371]: [S.I. 1995/3237](https://www.legislation.gov.uk/uksi/1995/3237)
[^c23822261]: Words in [Sch. 19AA para. 5(6A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/6A) inserted (31.12.2004 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2004 (S.I. 2004/3275)](https://www.legislation.gov.uk/uksi/2004/3275), [art. 3(3)](https://www.legislation.gov.uk/uksi/2004/3275/article/3/3)
[^c21638621]: [Sch. 19A para. 1(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A/paragraph/1/1/3): s. 451(1) (with s. 451(1A) and Sch. 19A para. 1(1)(3)) power exercised by [S.I.1991/851](https://www.legislation.gov.uk/uksi/1991/851).
[^c21638631]: *Repealed by* S.I. [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(2)(a)*coming into force* 2*January* 1991 for 1988-89*and subsequent years.*
[^c21638641]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(2)(b)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638661]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(3)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638671]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 4*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638681]: [Sch. 19A para. 2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A/paragraph/2B) amended for the year of assessment 1988-89 by [S.I. 1991/851](https://www.legislation.gov.uk/uksi/1991/851), [reg. 5(2)](https://www.legislation.gov.uk/uksi/1991/851/regulation/5/2). [Sch. 19A para. 2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A/paragraph/2B) modified (28.3.1992 with effect for the year of assessment 1989-1990 only) by [S.I. 1992/511](https://www.legislation.gov.uk/uksi/1992/511), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1992/511/regulation/1/1), [5(2)](https://www.legislation.gov.uk/uksi/1992/511/regulation/5/2)
[^c21638691]: [Sch. 19A paras. 2A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A/paragraph/2A), [2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A/paragraph/2B) inserted by [S.I. 1990/2524](https://www.legislation.gov.uk/uksi/1990/2524)
[^c21638701]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 5*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638711]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(4)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638731]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(4)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638751]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(4)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638761]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(4)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638781]: 1989 s.149(6)(4)(a)(iii)—*not to affect assessments before* 1983-84 or*accounting periods before* 1*April* 1983.*Previously* “37, 40 and 41” *and* “fraud, wilful default or neglect”.
[^c21638801]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(4)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638811]: *Repealed by* 1989 s.187*and* Sch.17 Part VIII.
[^c21638821]: *Repealed by* S.I. [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(5)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638831]: 1988(F) s.58*for* 1988-89*and subsequent years.*
[^c21638841]: Source—[1986 c. 60](https://www.legislation.gov.uk/ukpga/1986/60) Sch. 7 Pts. II—IV.
[^c21638851]: [1961 c. 62](https://www.legislation.gov.uk/ukpga/1961/62).
[^c21638881]: [1960 c. 58](https://www.legislation.gov.uk/ukpga/1960/58).
[^c21638891]: Words in [Sch. 20 para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/3) inserted (1.8.1993) by [1993 c. 10](https://www.legislation.gov.uk/ukpga/1993/10), [ss. 98(1)](https://www.legislation.gov.uk/ukpga/1993/10/section/98/1), [99(1)](https://www.legislation.gov.uk/ukpga/1993/10/section/99/1), [Sch. 6 para. 25(a)](https://www.legislation.gov.uk/ukpga/1993/10/schedule/6/paragraph/25/a)
[^c21638901]: [1964 c. 33 (N.I.)](https://www.legislation.gov.uk/apni/1964/33).
[^c22767671]: Word in [Sch. 20 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/5) substituted (with effect in accordance with [Sch. 38 para. 6(11)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(l)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/l)
[^c23824111]: Words in [Sch. 20 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/5) repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 7(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/7/10), [Sch. 27 Pt. 6(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/6/5)
[^c22769511]: Words in [Sch. 20 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/6) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 50](https://www.legislation.gov.uk/uksi/2001/3629/article/50)
[^c22767681]: Words in [Sch. 20 para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/7/1) substituted (with application in accordance with [Sch. 37 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 5](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/5))
[^c22767701]: [Sch. 20 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/7/3) inserted (with application in accordance with [Sch. 37 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 2(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/2/3)
[^c23824001]: Words in [Sch. 20 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/8) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 237(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/237/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23824021]: Words in [Sch. 20 para. 9(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/9/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 237(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/237/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21638921]: [Sch. 20 para. 3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/3A) inserted (1.9.1992) by [Charities Act 1992 (c. 41)](https://www.legislation.gov.uk/ukpga/1992/41), [s. 78(1)](https://www.legislation.gov.uk/ukpga/1992/41/section/78/1), [Sch. 6 para. 17](https://www.legislation.gov.uk/ukpga/1992/41/schedule/6/paragraph/17); [S.I. 1992/1900](https://www.legislation.gov.uk/uksi/1992/1900), [art. 2(1)](https://www.legislation.gov.uk/uksi/1992/1900/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/1992/1900/schedule/1)
[^c21638931]: Words in [Sch. 20 para. 3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/3A) inserted (1.8.1993) by [1993 c. 10](https://www.legislation.gov.uk/ukpga/1993/10), [ss. 98(1)](https://www.legislation.gov.uk/ukpga/1993/10/section/98/1), [99(1)](https://www.legislation.gov.uk/ukpga/1993/10/section/99/1), [Sch. 6 para. 25(b)](https://www.legislation.gov.uk/ukpga/1993/10/schedule/6/paragraph/25/b)
[^c22767731]: [Sch. 20 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/10) renumbered as para. 10(1) (with application in accordance with [Sch. 37 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/10) of the amending Act) by virtue of [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 2(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/2/4)
[^c22767721]: Words in [Sch. 20 para 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/10) substituted (with application in accordance with [Sch. 37 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 5](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/5)
[^c22767751]: [Sch. 20 para. 10(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/10/2) inserted (with application in accordance with [Sch. 37 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 2(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/2/4)
[^c23824051]: Words in [Sch. 20 para. 10(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/10/1/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 237(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/237/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23824081]: Words in [Sch. 20 para. 10(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/10/1/d) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 237(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/237/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21638961]: Words in [Sch. 20 para. 12(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/12/2) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(59)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/59) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23823961]: [Sch. 20 Pt. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/part/3) (paras. 11-14) repealed (with effect in accordance with s. 55(5) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/3), [Sch. 26 Pt. 3(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/5)
[^c23823981]: Words in [Sch. 20](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20) heading substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 237(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/237/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21639001]: *For regulations see* Part III Vol.5 (*under “Pension scheme surpluses: valuation”*).
[^c21639031]: *See* S.I.[1989 No.2290](https://www.legislation.gov.uk/ukcm/1989/2290), regn.10(5)*in* Part III Vol.5.
[^c21639041]: [Sch. 22 para. 7(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/22/paragraph/7/3/d) modified (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 271(10)](https://www.legislation.gov.uk/ukpga/1992/12/section/271/10), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21639051]: Words in [Sch. 22 para. 7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/22/paragraph/7) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(60)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/60) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21639061]: *See* S.I.[1989 No.2290](https://www.legislation.gov.uk/ukcm/1989/2290), regn.10(5)*in* Part III Vol.5.
[^c23824151]: Words in [Sch. 22 para. 7(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/22/paragraph/7/3/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 348(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/348/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21639081]: 1988(F) s.56.*Previously* “(2) The Board may by regulations provide that this Schedule, or any provision of it, shall not apply in relation to a scheme or to an employee—(a) in circumstances prescribed in the regulations; (b) in any case where in the opinion of the Board the facts are such that it would be appropriate for this Schedule, or the provision in question, not to apply.” *For regulations see* Part III Vol.5*under “Retirement Benefit Schemes: transitional provisions”*.
[^c21639091]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4, 5(2), 5(3), 6*and* 7*disapplied and when* para.2*modified.*
[^c21639101]: *For regulations see* Part III Vol.5 (*under “Retirement benefit schemes: maximum lump sum”*).
[^c21639111]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4, 5(2), 5(3), 6*and* 7*disapplied.*
[^c21639121]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4, 5(2), 5(3), 6*and* 7*disapplied.*
[^c21639131]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4, 5(2), 5(3), 6*and* 7*disapplied.*
[^c21639141]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4*and* 5(2), 5(3), 6*and* 7*disapplied, and when* paras.5(3), (4)*modified.*
[^c21639161]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4*and* 5(2), 5(3), 6*and* 7*disapplied, and when* paras.5(3), (4)*modified.*
[^c21639171]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4, 5(2), 5(3), 6*and* 7*disapplied.*
[^c21639181]: *Repealed by* 1989 ss.75*and* 187*and* Sch.6 paras.17*and* 18(10)*and* Sch.17 Part IV.
[^c23317471]: Words in [Sch. 24 para. 2(3A)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/2/3A/b/ii) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/4/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317691]: Words in [Sch. 24 para. 4(3A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/3A/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(6)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/6/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317711]: [Sch. 24 para. 4(3A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/3A/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(6)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/6/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322061]: Words in [Sch. 25 para. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/1) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 26](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/26); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21639531]: *Repealed by* 1990 s.67(3)(a)*and* s.132*and* Sch.19 Part IV*in relation to dividends paid on or after* 20*March* 1990.
[^c21639541]: 1990 s.67(3)(b)*in relation to dividends paid on or after* 20*March* 1990.
[^c23319631]: Words in [Sch. 25 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1) substituted (with application in accordance with [s. 134(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(2)(a)(i)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/2/a/i)
[^c23319591]: Words in [Sch. 25 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1) repealed (with application in accordance with s. 134(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(2)(a)(ii)(v)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/2/a/ii/v), [Sch. 26 Pt. 5(15)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/15), Note
[^c23319651]: Words in [Sch. 25 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1/b) substituted (with application in accordance with [s. 134(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(2)(a)(iii)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/2/a/iii)
[^c23319671]: Words in [Sch. 25 para. 2(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1/d) substituted (with application in accordance with [s. 134(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(2)(a)(iv)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/2/a/iv)
[^c23319621]: [Sch. 25 para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/2) repealed (with application in accordance with s. 134(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(2)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/2/b), [Sch. 26 Pt. 5(15)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/15), Note
[^c23319701]: [Sch. 25 para. 2(3)(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/3/3A) substituted for para. 2(3) (with application in accordance with [s. 134(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(2)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/2/c)
[^c23319781]: Words in [Sch. 25 para. 2(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1/d) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/2/a)
[^c23319811]: Words in [Sch. 25 para. 2(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/6) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/2/b)
[^c23322811]: [Sch. 25 para. 2(1B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1B) inserted (with application in accordance with [s. 88(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/88/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 88(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/88/1)
[^c23323251]: Words in [Sch. 25 para. 2(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1A) added (with application in accordance with [s. 82(8)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/8) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 82(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/2)
[^c23827161]: Words in [Sch. 25 para. 2(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1A/a) substituted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 56](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/56) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23319741]: [Sch. 25 para. 3(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/3/4A) inserted (with application in accordance with [s. 134(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(4)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/4/a)
[^c23319761]: Words in [Sch. 25 para. 3(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/3/5) inserted (with application in accordance with [s. 134(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(4)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/4/b)
[^c23319991]: [Sch. 25 para. 3(1)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/3/1) repealed (with effect in accordance with s. 182 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(4)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/4/a), [Sch. 41 Pt. 5(34)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/34), Note
[^c23320051]: Words in [Sch. 25 para. 3(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/3/5) repealed (with effect in accordance with s. 182 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(4)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/4/b), [Sch. 41 Pt. 5(34)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/34), Note
[^c23322241]: Words in [Sch. 25 para. 3(4A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/3/4A/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 28](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/28); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21639551]: *Repealed by* 1990 s.67(3)(a)*and* s.132*and* Sch.19 Part IV*in relation to dividends paid on or after* 20*March* 1990.
[^c21639561]: 1990 s.67(3)(c)*in relation to dividends paid on or after* 20*March* 1990.
[^c23323321]: Words in [Sch. 25 para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/4/1) inserted (with application in accordance with [s. 82(8)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/8) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 82(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/4)
[^c23323341]: Words in [Sch. 25 para. 4(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/4/1A) inserted (with application in accordance with [s. 82(8)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/8) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 82(5)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/5)
[^c23323361]: Words in [Sch. 25 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/4/2) inserted (with application in accordance with [s. 82(8)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/8) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 82(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/6)
[^c23319831]: Words in [Sch. 25 para. 2A(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/1) repealed (with effect in accordance with s. 182 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(3)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/3/a), [Sch. 41 Pt. 5(34)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/34), Note
[^c23319971]: Words in [Sch. 25 para. 2A(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/5/c) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(3)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/3/b)
[^c23319951]: [Sch. 25 para. 2A(6)(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/6/7) repealed (with effect in accordance with s. 182 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(3)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/3/c), [Sch. 41 Pt. 5(34)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/34), Note
[^c23322141]: Words in [Sch. 25 para. 2A(2)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/2/a/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 27(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/27/2/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322161]: Words in [Sch. 25 para. 2A(2)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/2/a/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 27(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/27/2/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322181]: Words in [Sch. 25 para. 2A(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 27(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/27/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322201]: [Sch. 25 para. 2A(8)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/8/aa) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 27(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/27/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322221]: Words in [Sch. 25 para. 2A(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/8/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 27(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/27/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322481]: Words in [Sch. 25 para. 6(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4/b) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/5/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322501]: Words in [Sch. 25 para. 6(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4/b) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para 30(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/5/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322561]: Words in [Sch. 25 para. 6(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/5) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(8)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/8/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322931]: Words in [Sch. 25 para. 6(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/2)
[^c23322971]: [Sch. 25 para. 6(4A)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4A/c) and preceding word added (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/4)
[^c23323041]: [Sch. 25 para. 6(4B)(b)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4B/b/iii) and preceding word added (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/6)
[^c23323171]: Word in [Sch. 15 para. 6(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/6/6) substituted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(11)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/11)
[^c23826921]: Words in [Sch. 25 para. 6(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/1/c) substituted (retrospective to 27.11.2002 with effect in accordance with [s. 200(2)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/2/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 2(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/2/2)
[^c23322031]: Word in [Sch. 25 para. 13(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/13/2/c) substituted (with effect in accordance with [Sch. 38 para. 6(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(m)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/m)
[^c23319321]: Words in [Sch. 26 para. 1(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/3/a) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 46](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/46) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23828701]: [Sch. 27](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27) applied (with modifications) (22.10.2004 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Offshore Funds Regulations 2004 (S.I. 2004/2572)](https://www.legislation.gov.uk/uksi/2004/2572), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2572/regulation/1/1), [4](https://www.legislation.gov.uk/uksi/2004/2572/regulation/4)
[^c21639631]: Source—[1984 Sch.19; 1986 s.50; 1987 (No.2) s.66]
[^c23319121]: [Sch. 27 para. 1(2)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/1/2/a/b) substituted (with effect in accordance with [s. 134(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/134/9) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 134(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/134/4)
[^c23828791]: [Sch. 27 para. 1(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/1/1/d) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/2)
[^c23828351]: Words in [Sch. 27 para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/3/1) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 8(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/8/2) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828811]: [Sch. 27 para. 3(1)(a)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/3/1/a/aa) substituted for para. 3(1)(a) (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/3)
[^c23828831]: Words in [Sch. 27 para. 3(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/3/1/b) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(4)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/4)
[^c21639641]: 1988(F) s.146*and* Sch.13 para.12 (*deemed always to have had effect*).
[^c21639651]: [Sch. 27 para. 5(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/2A) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 170](https://www.legislation.gov.uk/ukpga/1993/34/section/170), [Sch. 18 para.6](https://www.legislation.gov.uk/ukpga/1993/34/schedule/18/paragraph/6)
[^c23319161]: [Sch. 27 para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/1) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 10 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10/paragraph/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15)) (and as that para. 3 is substituted (with effect in accordance with s. 82(2) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 39](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/39))
[^c23319141]: [Sch. 27 para. 5(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/2A) substituted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 176(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/176/2)
[^c23317361]: Words in [Sch. 27 para. 5(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/5) substituted (with effect in accordance with [s. 154(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 28 para. 6](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/6)
[^c23319181]: [Sch. 27 para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/1) modified (with effect in accordance with s. 83(3) of the modifying Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 35](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/35) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23319171]: [Sch. 27 para. 5(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/2A) repealed (with effect in accordance with Sch. 40 Pt. 3(10) Note, Sch. 40 Pt. 3(13) Note of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13)
[^c23828311]: [Sch. 27 para. 5(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/3/d) and preceding word inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 1(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/1/1) (with [Sch. 26 paras. 1(3)-(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/1/3), [17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828331]: [Sch. 27 para. 5(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/3/e) and preceding word inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 1(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/1/1) (with [Sch. 26 paras. 2(3)-(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/2/3), [17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828751]: Words in [Sch. 27 para. 5(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 350(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/350/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23828451]: Words in [Sch. 27 para. 6(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/6/1/b) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/2/a) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828471]: Words in [Sch. 27 para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/6/1) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/2/b) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828491]: Words in [Sch. 27 para. 6(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/6/3/a) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(2)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/2/c) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828851]: Words in [Sch. 27 para. 6(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/6/1/c) repealed (with effect in accordance with s. 57(8) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 57(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/57/4), [Sch. 27 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/18), Note
[^c23828511]: Words in [Sch. 27 para. 7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/7) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/3) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828581]: [Sch. 27 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/10) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/4), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c23828601]: Words in [Sch. 27 para. 11(1)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/11/1/4) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(5)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/5/a), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c23828541]: Words in [Sch. 27 para. 11(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/11/1) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(5)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/5/b) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828371]: Words in [Sch. 27 para. 11(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/11/2/a) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 8(3)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/8/3/a) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828391]: Words in [Sch. 27 para. 11(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/11/2/b) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 8(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/8/3/b) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828411]: Words in [Sch. 27 para. 11(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/11/2/c) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 8(3)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/8/3/c) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828631]: [Sch. 27 paras. 12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/12), [13](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/13) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/6), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c23828651]: [Sch. 27 paras. 12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/12), [13](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/13) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/6), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c21639661]: [1987 c. 51](https://www.legislation.gov.uk/ukpga/1987/51).
[^c23828561]: Words in [Sch. 27 para. 14](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/14) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/7) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828671]: Words in [Sch. 27 para. 16(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/16/1) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(8)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/8), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c21639671]: Source—[1984 Sch.20.]
[^c21639681]: Words in [Sch. 28 para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28/paragraph/2) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(63)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/63/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21639751]: Words in [Sch. 28 para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28/paragraph/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(63)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/63/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23327731]: [Sch. 28 para. 3(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28/paragraph/3/4) repealed (with effect in accordance with Sch. 8 para. 55 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 1
[^c21639811]: Words in [Sch. 28 para. 4(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28/paragraph/4/3/b) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(63)(c)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/63/c) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21639821]: Words in [Sch. 28 para. 8(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28/paragraph/8/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(63)(c)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/63/c) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21639841]: [Sch. 28 para. 8(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28/paragraph/8/4/5) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c23830671]: [Sch. 28](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28) applied (with modifications) (22.10.2004 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Offshore Funds Regulations 2004 (S.I. 2004/2572)](https://www.legislation.gov.uk/uksi/2004/2572), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2572/regulation/1/1), [5](https://www.legislation.gov.uk/uksi/2004/2572/regulation/5)
[^c21642521]: *See* 1990 s.132*and* Sch.19 Part V*for repeal in relation to allowances and charges falling to be made for chargeable periods ending after the day to be appointed* (*see* 1988 s.10).
[^c21642531]: *See* 1990 s.132*and* Sch.19 Part V*for repeal in relation to allowances and charges falling to be made for chargeable periods ending after the day to be appointed* (*see* 1988 s.10).
[^c21642551]: *Repealed by* 1989 s.187*and* Sch.17 Part V*in relation to accounting periods beginning after* 31*March* 1989.
[^c21642561]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c21642571]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*for* 1988-89*and subsequent years.*
[^c21642591]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IX*from* 3*April* 1989—*commencement order* S.I. [1989 No.473](https://www.legislation.gov.uk/ukcm/1989/473) (*in* Part III Vol.5).
[^c21642631]: *Repealed by* 1988(F) Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c21642671]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21642681]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21642771]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*for* 1988-89*and subsequent years.*
[^c21642801]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21642851]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21642921]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21642931]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21642981]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21643011]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21643091]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21643101]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21643141]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*for* 1988-89*and subsequent years.*
[^c21643171]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VI*for accounting periods ending after* 5*April* 1988.
[^c21643201]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21643271]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VI*for disposals made on or after* 6*April* 1988.
[^c23835961]: [Sch. 29 para. 32](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/32) Table: entry relating to 178(1) of the Inheritance Tax Act 1984 repealed (with effect in accordance with Sch. 43 Pt. 4(1) Note of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 43 Pt. 4(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/4/1)
[^c23836051]: [Sch. 29 para. 32](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/32) Table: entries relating to ss. 12(2), 151, 152 of the [Inheritance Tax Act 1984 (c. 51)](https://www.legislation.gov.uk/ukpga/1984/51) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c21799391]: Word "or" repealed by 1991 s. 123 and Sch. 19 Part V in relation to losses incurred in accounting periods ending on or after 1 April 1991.
[^c21818061]: 1991 s.73(3)-(5) and Sch. 15 para. 27(1) in relation to losses incurred in accounting periods ending on or after 1 April 1991 - deemed always to have had effect.
[^c21818071]: Word "or" repealed by 1991 s. 123 and Sch. 19 Part V in relation to losses incurred in accounting periods ending on or after 1 April 1991.
[^c21818081]: 1991 s. 73(3)-(5) and Sch. 15 para. 27(1) in relation to losses incurred in accounting periods ending on or after 1 April 1991 - deemed always to have had effect.
[^c23836211]: [Sch. 30 para. 5(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/5/6/b) and preceding word repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 352(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/352/2/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23836241]: Words in [Sch. 30 para. 5(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/5/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 352(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/352/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23836261]: Words in [Sch. 30 para. 5(11)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/5/11) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 352(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/352/2/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23836191]: [Sch. 30 para. 5(13)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/5/13) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 352(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/352/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21638221]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638241]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art. 2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638261]: [Sch. 19AB para. 1(9)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/9) repealed (27.7.1993 with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 103(2)(h)(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2/h/3/4), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(9)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/9)
[^c22765701]: Word in [Sch. 19AB para. 1(5)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/5/b/i) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 12(1)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/12/1/b) (with [s. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/2))
[^c22767071]: Words in [Sch. 19AB para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/1) inserted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/2)
[^c22767091]: [Sch. 19AB para. 1(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/3/4) substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/3)
[^c22767111]: Word in [Sch. 19AB para. 1(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/5/b) repealed (with effect in accordance with s. 169(3) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(27)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/27), Note
[^c22767151]: [Sch. 19AB para. 1(5)(b)(ii)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/5/b/ii/iii) substituted for Sch. 19AB para. 1(5)(b)(ii) (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/4)
[^c22767171]: [Sch. 19AB para. 1(6)(6A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/6/6A) substituted for Sch. 19AB para. 1(6) (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/5)
[^c22767191]: [Sch. 19AB para. 1(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/7) substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(6)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/6)
[^c22767131]: [Sch. 19AB para. 1(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/8) repealed (with effect in accordance with s. 169(3) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(7)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/7), [Sch. 41 Pt. 5(27)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/27), Note
[^c22767211]: [Sch. 19AB para. 1(10)(11)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/10/11) substituted for Sch. 19AB para. 1(10) (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/8)
[^c22798971]: [Sch. 19AB para. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1) amended (otherwise than as it has effect as mentioned in [Sch. 3 para. 11(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/1) of the amending Act, and with effect in accordance with Sch. 3 para. 10(6)(7), Sch. 8 Pt. 2(6) Note of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 10(1)-(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/10/1), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6)
[^c22798931]: Words in [Sch. 19AB para. 1(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/7) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(2)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/2/a), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22798951]: [Sch. 19AB para. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1): word preceding para. 1(7)(b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22798941]: [Sch. 19AB para. 1(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/7/b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(2)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/2/b), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22798961]: Words in [Sch. 19AB para. 1(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/7) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(2)(c)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/2/c), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799091]: Words in [Sch. 19AB para. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/4) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799141]: [Sch. 19AB para. 1(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/6) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799161]: Words in [Sch. 19AB para. 1(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/7) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799181]: [Sch. 19AB para. 1(10)(11)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/10/11) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799591]: Words in [Sch. 19AB para. 1(5)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/5/a/b) substituted (2.7.2002) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2002 (S.I. 2002/1409)](https://www.legislation.gov.uk/uksi/2002/1409), [art. 2(3)](https://www.legislation.gov.uk/uksi/2002/1409/article/2/3)
[^c21638271]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch.8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638281]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch.8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c22767251]: [Sch. 19AB para. 2(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/2/1/2) substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 2(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/2/2)
[^c22767271]: [Sch. 19AB para. 2(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/2/3): words in definition of "total entitlement" substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 2(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/2/3)
[^c22799201]: Words in [Sch. 19AB para. 2(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/2/1/c) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/6); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21638291]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638301]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch.8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c22767291]: [Sch. 19AB para. 3(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1/a/b) substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 3(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/3/2)
[^c22767311]: [Sch. 19AB para. 3(1A)-(1D)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1A) inserted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 3(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/3/3)
[^c22767341]: Words in [Sch. 19AB para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/3/b) substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 3(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/3/4)
[^c22767361]: Word in [Sch. 19AB para. 3(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/4) substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 3(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/3/5)
[^c22767381]: [Sch. 19AB para. 3(8)(9)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/8/9) added (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 3(6)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/3/6)
[^c22798981]: Words in [Sch. 19AB para. 3(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1A) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(3)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/3/a), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799001]: Words in [Sch. 19AB para. 3(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1A) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(3)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/3/b), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799021]: [Sch. 19AB para. 3(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1A): word preceding para. (b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799011]: [Sch. 19AB para. 3(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1A/b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(3)(c)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/3/c), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799051]: Words in [Sch. 19AB para. 3(1B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1B) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(4)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/4/a), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799031]: [Sch. 19AB para. 3(1B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1B): word preceding para. (b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799071]: [Sch. 19AB para. 3(1B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1B/b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(4)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/4/b), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799061]: Words in [Sch. 19AB para. 3(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/8) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(5)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/5/a), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799041]: [Sch. 19AB para. 3(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/8): word preceding para. (b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799081]: [Sch. 19AB para. 3(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/8/b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(5)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/5/b), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799221]: Words in [Sch. 19AB para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799351]: [Sch. 19AB para. 3(1ZA)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1ZA) inserted (with effect in accordance with [s. 91(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/91/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 91(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/91/1)
[^c22799241]: Words in [Sch. 19AB para. 3(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1A) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/8); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799331]: [Sch. 19AB para. 3(1C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1C): word at the end of para. (a) inserted (with effect in accordance with [s. 37(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/37/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 37(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/37/2/a); [S.I. 1999/619](https://www.legislation.gov.uk/uksi/1999/619), [art. 2](https://www.legislation.gov.uk/uksi/1999/619/article/2)
[^c22799341]: [Sch. 19AB para. 3(1C)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1C/c) and preceding word repealed (with effect in accordance with s. 37(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 37(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/37/2/b), [Sch. 27 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/3); [S.I. 1999/619](https://www.legislation.gov.uk/uksi/1999/619), [art. 2](https://www.legislation.gov.uk/uksi/1999/619/article/2)
[^c22799261]: [Sch. 19AB para. 3(1D)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1D) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(9)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/9); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799281]: Words in [Sch. 19AB para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/3) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(10)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/10); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799301]: Words in [Sch. 19AB para. 3(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/7) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(11)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/11); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799321]: Words in [Sch. 19AB para. 3(9)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/9) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by virtue of [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(12)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/12); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21638311]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch.8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638321]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638331]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638341]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638351]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638361]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c22767401]: [Sch. 19AB para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/6/1): definition of "provisional fraction" substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 4(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/4/2)
[^c22767441]: [Sch. 19AB para. 6(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/6/3) repealed (with effect in accordance with s. 169(3) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para 4(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/4/3), [Sch. 41 Pt. 5(27)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/27), Note
[^c22767421]: [Sch. 19AB para. 6(4)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/6/4) added (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 4(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/4/4)
[^c22767461]: [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9).
[^c22799371]: Words in [Sch. 19AB para. 6(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/6/4/b) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(13)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/13); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21639211]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c22890611]: [Sch. 23A para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/1/1): definitions of "approved stock lending arrangement", "market maker", "recognised clearing house", "recognised investment exchange", "unapproved manufactured payment" and "unapproved stock lending arrangement" repealed (with effect in accordance with Sch. 18 Pt. 6(10), Notes 1, 2 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22890721]: [Sch. 23A para 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/1/2) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Note 2 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891391]: [Sch. 23A para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/1/1): definition of "foreign income dividend" repealed (with effect in accordance with Sch. 6 para. 17(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 17(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/17/2), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22899501]: [Sch. 23A para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/1/1): in the definition of "overseas securities", para. (b) and preceding word repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17)
[^c22899511]: [Sch. 23A para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/1/1): words in definition of "UK securities" repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17)
[^c23824821]: [Sch. 23A para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/1/1): definition of "interest manufacturer" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/2/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23824841]: [Sch. 23A para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/1/1): words in definition of "manufactured dividend", "manufactured interest" and "manufactured overseas dividend" repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/2/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23824801]: [Sch. 23A para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/1/1): definition of "manufactured interest" inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(2)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21639261]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg. 2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs. 2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs. 2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c22890991]: [Sch. 23A paras 2-2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2) and cross-headings substituted for Sch. 23A para. 2 and cross-heading (with effect in accordance with [Sch. 10 para. 16](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16) of the amending Act) by Finance Act [1997 c. 16](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 10(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/10/1)
[^c22891411]: Words in [Sch. 23A para. 2(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/6) repealed (with effect in accordance with Sch. 6 para. 17(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 17(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/17/3), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23824791]: [Sch. 23A para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2) modified (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [ss. 134](https://www.legislation.gov.uk/ukpga/2006/25/section/134), [139(1)(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/139/1/2), [Sch. 17 para. 30](https://www.legislation.gov.uk/ukpga/2006/25/schedule/17/paragraph/30) (as that affecting s. 139 is amended by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/1034/1), [Sch. 1 para. 621](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/621), [Sch. 3 Pt.1](https://www.legislation.gov.uk/ukpga/2006/25/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2006/25/schedule/2)) and [S.I. 2009/2859](https://www.legislation.gov.uk/uksi/2009/2859), [arts. 1](https://www.legislation.gov.uk/uksi/2009/2859/article/1), [3](https://www.legislation.gov.uk/uksi/2009/2859/article/3))
[^c22892581]: [Sch. 23A para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/2) substituted (with effect in accordance with [s. 102(10)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/10) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/5)
[^c22892621]: [Sch. 23A para. 2(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/3/a) repealed (with effect in accordance with s. 102(10) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/6), [Sch. 27 Pt. 3(24)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/24), Note
[^c22901351]: [Sch. 23A para. 2(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/4/5) repealed (with effect in accordance with s. 102(10) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(8)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/8/a), [Sch. 27 Pt. 3(24)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/24), Note
[^c22901361]: [Sch. 23A para. 2(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/6/b) and preceding word repealed (with effect in accordance with s. 102(10) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(8)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/8/a), [Sch. 27 Pt. 3(24)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/24), Note
[^c23824871]: Word in [Sch. 23A para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/2) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825971]: [Sch. 23A para. 2(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/2/b) applied by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69Z24C(3)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z24C/3) (as inserted (1.1.2009 with effect in accordance with reg. 1(2)(3) of the amending S.I.) by [The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159)](https://www.legislation.gov.uk/uksi/2008/3159), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2008/3159/regulation/1/1), [27](https://www.legislation.gov.uk/uksi/2008/3159/regulation/27))
[^c23824891]: Word in [Sch. 23A para. 2(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/3/b) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23824951]: [Sch. 23A para. 2(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/3/c) and preceding word repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(3)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/3/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23824981]: Words in [Sch. 23A para. 2(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/6/a) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(3)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/3/d), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23824911]: [Sch. 23A para. 2(6)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/6/aa) and preceding word inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(3)(e)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/3/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23824931]: Words in [Sch. 23A para. 2(7)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/7/c) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(3)(f)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/3/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22891011]: [Sch. 23A paras. 2-2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2) and cross-headings substituted for Sch. 23A para. 2 and cross-heading (with effect in accordance with [Sch. 10 para. 16](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16) of the amending Act) by Finance Act [1997 c. 16](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 10(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/10/1)
[^c21639321]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c21639331]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c21639341]: [Sch. 23A para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/1) applied (1.10.1993) by [S.I. 1993/2004](https://www.legislation.gov.uk/uksi/1993/2004), [reg.2](https://www.legislation.gov.uk/uksi/1993/2004/regulation/2)
[^c22887831]: [Sch. 23A para. 4(7A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/7A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 124](https://www.legislation.gov.uk/ukpga/1994/9/section/124)
[^c22889751]: [Sch. 23A para 4(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/3A/3B) inserted (with effect in accordance with [s. 159(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/5)
[^c22889851]: [Sch. 23A para. 4(7AA)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/7AA) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/6)
[^c22889791]: [Sch. 23A para. 4(7A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/7A) repealed (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(21)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/21), Note 2
[^c22889831]: [Sch. 23A para. 4(9)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/9) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 52(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/52/4) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22899521]: [Sch. 23A para. 4(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/8) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17)
[^c23824251]: [Sch. 23A paras. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/3), [4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4) modified (with effect in accordance with s. 153(4) of the modifying Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/a)
[^c23824601]: [Sch. 23A para. 4(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/1A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 37(3)
[^c23824691]: [Sch. 23A para. 4(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/2A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 37(5)
[^c23825061]: [Sch. 23A para. 4(2)-(3B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(5)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/5/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825211]: Words in [Sch. 23A para. 4(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(5)(b)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/5/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825231]: Words in [Sch. 23A para. 4(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(5)(b)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/5/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825251]: Words in [Sch. 23A para. 4(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/4) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(5)(b)(iii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/5/b/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825121]: Words in [Sch. 23A para. 4(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/4) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(5)(b)(iv)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/5/b/iv), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825271]: Words in [Sch. 23A para. 4(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/4/a) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(5)(b)(v)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/5/b/v) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825311]: Words in [Sch. 23A para. 4(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/4/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(5)(b)(vi)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/5/b/vi) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825141]: [Sch. 23A para. 4(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/5/a) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(5)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/5/c), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825161]: [Sch. 23A para. 4(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/6) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(5)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/5/d), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825181]: [Sch. 23A para. 4(7)(7AA)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/7/7AA) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(5)(e)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/5/e), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825341]: Word in [Sch. 23A para. 4(9)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/9) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(5)(f)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/5/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21639371]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in s. 58(3) in relation to payments made on or after such day as may be specified: 26.2.1992 specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); 30.6.1992 specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); 21.4.1993 specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs. 2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b),4)
[^c21639381]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c22891071]: [Sch. 23A para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/5) repealed (with effect in accordance with Sch. 10 para. 16, Sch. 18 Pt. 6(10) Note 3 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 12](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/12), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c21639391]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c21639401]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c22891091]: [Sch. 23A para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/6) repealed (with effect in accordance with Sch. 10 para. 7(2), Sch. 18 Pt. 6(10) Note 2 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 4(a)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/4/a), [Sch 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c21639411]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c21639421]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c22889971]: [Sch. 23A para. 7(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 52(7)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/52/7) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22891111]: Words in [Sch. 23A para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Notes 3, 4(e) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891191]: [Sch. 23A para. 7(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/2) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Note 3(b) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891231]: Words in [Sch. 23A para. 7(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/3/a) repealed (with effect in accordance with Sch. 10 para. 7(2), Sch. 18 Pt. 6(10) Note 2(c) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 4(b)(i)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/4/b/i), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891251]: [Sch. 23A para. 7(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/3/b) repealed (with effect in accordance with Sch. 10 para. 7(2), Sch. 18 Pt. 6(10) Note 2(c) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 4(b)(ii)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/4/b/ii), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891271]: Words in [Sch. 23A para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/3) substituted (with effect in accordance with [Sch. 10 para. 7(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/7/2) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 4(b)(iii)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/4/b/iii); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23824711]: Words in [Sch. 23A para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 37(7)
[^c23825421]: Words in [Sch. 23A para. 7(1)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1/b/i) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(6)(a)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/6/a/i), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825441]: Words in [Sch. 23A para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(6)(a)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/6/a/ii), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825461]: Words in [Sch. 23A para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(6)(a)(iii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/6/a/iii), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825481]: Words in [Sch. 23A para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(6)(a)(iv)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/6/a/iv), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825501]: Words in [Sch. 23A para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(6)(a)(v)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/6/a/v), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825361]: Words in [Sch. 23A para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(6)(a)(vi)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/6/a/vi) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825381]: Words in [Sch. 23A para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(6)(a)(vii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/6/a/vii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825521]: Words in [Sch. 23A para. 7(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(6)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/6/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825401]: Words in [Sch. 23A para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/3) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(6)(c)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/6/c/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825541]: Words in [Sch. 23A para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/3) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(6)(c)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/6/c/ii), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825561]: Words in [Sch. 23A para. 7(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/3/a) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(6)(c)(iii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/6/c/iii), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825581]: Words in [Sch. 23A para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/3) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(6)(c)(iv)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/6/c/iv), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825601]: Words in [Sch. 23A para. 7(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/4/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(6)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/6/d), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21639431]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c21639441]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c22889991]: [Sch. 23A para. 8(1)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/1/aa) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(7)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/7/a)
[^c22890031]: [Sch. 23A para. 8(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/1A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(8)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/8)
[^c22891291]: Words in [Sch. 23A para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/1) substituted (with effect in accordance with [Sch. 10 para. 16](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 13(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/13/1); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891311]: Words in [Sch 23A para. 8(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/2) substituted (with effect in accordance with [Sch. 10 para. 16](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 13(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/13/2); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891331]: [Sch. 23A para. 8(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/2A) inserted (with effect in accordance with [Sch. 10 para. 16](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 13(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/13/3); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23825731]: Words in [Sch. 23A para. 8(1)(a)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/1/a/aa) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(8)(a)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/8/a/i), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825761]: Words in [Sch. 23A para. 8(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/1/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(8)(a)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/8/a/ii), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825651]: Words in [Sch. 23A para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/1) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(8)(a)(iii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/8/a/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825671]: Word in [Sch. 23A para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/1) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(8)(a)(iv)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/8/a/iv) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825691]: Word in [Sch. 23A para. 8(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/1A/b) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(8)(b)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/8/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825781]: Words in [Sch. 23A para. 8(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/1A/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(8)(b)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/8/b/ii), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825801]: [Sch. 23A para. 8(2)(c)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/2/c/d) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(8)(c)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/8/c/i), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825831]: Words in [Sch. 23A para. 8(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(8)(c)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/8/c/ii), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825851]: Words in [Sch. 23A para. 8(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/2) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(8)(c)(iii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/8/c/iii), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825871]: [Sch. 23A para. 8(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/2A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(8)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/8/d), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825711]: Words in [Sch. 23A para. 8(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/3/a) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(8)(e)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/8/e/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825891]: [Sch. 23A para. 8(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/3/b) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(8)(e)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/8/e/ii), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22891351]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) modified (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 7 para. 7(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/7/3)
[^c23825001]: [Sch. 23A paras. 2A-3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22891471]: [Sch. 23A para. 2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2B) repealed (with effect in accordance with Sch. 6 para. 17(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 17(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/17/4), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23825021]: [Sch. 23A paras. 2A-3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825041]: [Sch. 23A paras. 2A-3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/4), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825631]: [Sch. 23A para. 7A(10)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7A/10): definition of "tax advantage" substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 238(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/238/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23825911]: [Sch. 23A para. 7A(10)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7A/10): in definition of "manufactured payment", para. (d) inserted (with effect in accordance with [Sch. 5 para. 9(2)-(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/9/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 9(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/9/1)
[^c21633191]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633201]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633211]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633221]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633231]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633241]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633251]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633261]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633271]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633281]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633291]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633301]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633311]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633321]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633331]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633341]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633351]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633361]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633371]: [1970 c. 9](https://www.legislation.gov.uk/ukpga/1970/9).
[^c21633381]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633391]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633401]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633411]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633421]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633431]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633441]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633451]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633461]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21635381]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635391]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635401]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635411]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635421]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635431]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635441]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635451]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635461]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635471]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635481]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635491]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635501]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635511]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635521]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635531]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635541]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635551]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635561]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635571]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635581]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635591]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635601]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635611]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635621]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635631]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635641]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635651]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635661]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635671]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635681]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635691]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635701]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635711]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635721]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635731]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635741]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635751]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635761]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635771]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635781]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635791]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635801]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635811]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635821]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635831]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635841]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635851]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635861]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635871]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635881]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635891]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635901]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635911]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635921]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635931]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635941]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635951]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21638381]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c21638391]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22768271]: [Sch. 19AC para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/2) repealed (with effect in accordance with Sch. 3 para. 13(14) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/2), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c21638401]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22765791]: [Sch. 19AC para. 3(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/3/4) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22769161]: Words in [Sch. 19AC para. 3(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/3/2/3) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(l)(i)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/l/i)
[^c21638411]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para. 1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22765811]: [Sch. 19AC para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4/2) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22769181]: Words in [Sch. 19AC para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4/1) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 49(5) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/2/a)
[^c22769201]: Words in [Sch. 19AC para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4/1) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 49(5) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/2/b)
[^c22769221]: Words in [Sch. 19AC para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4/1) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 49(5) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(2)(c)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/2/c)
[^c21638431]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22769571]: [Sch. 19AC para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/5) modified (23.3.1999 with effect in accordance with reg. 1 of the modifying S.I.) by [The Insurance Companies (Capital Redemption Business) (Modification of the Corporation Tax Acts) Regulations 1999 (S.I. 1999/498)](https://www.legislation.gov.uk/uksi/1999/498), [regs. 3](https://www.legislation.gov.uk/uksi/1999/498/regulation/3), [8](https://www.legislation.gov.uk/uksi/1999/498/regulation/8)
[^c23822921]: [Sch. 19AC paras. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/5), [5ZA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/5ZA) substituted for para. 5 (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 36(2)
[^c21638441]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22765851]: [Sch. 19AC para. 6(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/6/3/4) repealed (with effect in accordance with Sch. 8 para. 55(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 37](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/37), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 1
[^c22766141]: [Sch. 19AC para. 6(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/6/4A) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 35(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/35/3)
[^c22776901]: [Sch. 19AC para. 6(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/6/6) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22769291]: Words in [Sch. 19AC para. 6(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/6/1/a) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(l)(ii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/l/ii)
[^c22769301]: Words in [Sch. 19AC para. 6(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/6/1/b) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(o)(i)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/o/i)
[^c21638451]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22766961]: [Sch. 19AC para. 7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/7) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 39](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/39)
[^c22768591]: Words in [Sch. 19AC para. 7(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/7/3/b) substituted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(9)(c)(i)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/9/c/i)
[^c22768611]: [Sch. 19AC para. 7(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/7/3/c) repealed (with effect in accordance with s. 109(10) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(9)(c)(ii)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/9/c/ii), [Sch. 40 Pt. 2(16)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/16), Note 1
[^c22769311]: Words in [Sch.19AC para. 7(2)(a)(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/7/2/a/3/a/b) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(o)(ii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/o/ii)
[^c21638461]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22766161]: Words in [Sch. 19AC para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/8/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 40(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/40/2/a)
[^c22766181]: Words in [Sch. 19AC para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/8/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 40(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/40/2/b)
[^c22766201]: Words in [Sch. 19AC para. 8(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/8/2) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 40(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/40/3)
[^c22766221]: [Sch. 19AC para. 8(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/8/3) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 40(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/40/4)
[^c22765911]: [Sch. 19AC para. 8(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/8/4) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c21638471]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22765931]: [Sch. 19AC para. 9(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9/2/3) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22768371]: [Sch. 19AC para. 9(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9/1) substituted (with effect in accordance with [Sch. 3 para. 13(15)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/6)
[^c22768751]: [Sch. 19AC para. 9(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9/1) modified by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [reg. 21A](https://www.legislation.gov.uk/uksi/1998/1871/regulation/21A) (as inserted (22.8.2000) by [The Individual Savings Account (Insurance Companies) (Amendment) Regulations 2000 (S.I. 2000/2075)](https://www.legislation.gov.uk/uksi/2000/2075), [reg. 5](https://www.legislation.gov.uk/uksi/2000/2075/regulation/5))
[^c22801301]: [Sch. 19AC para. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9) modified (31.7.1997) by 1992 (c. xx), s. 65(2)(ab) (as inserted) by Finance Act [1997 No. 2](https://www.legislation.gov.uk/ukcm/1997/2) (c. 58), Sch. 3 para. 15
[^c22768391]: Words in [Sch. 19AC para. 9(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9/1) repealed (with effect in accordance with Sch. 4 para. 29(4), Sch. 8 Pt. 2(10) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 29(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/29/2), [Sch. 8 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/10)
[^c22777081]: [Sch. 19AC para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10) repealed (with effect in accordance with Sch. 3 para. 13(14)(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(8)(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/8/9), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c21638491]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22766611]: [Sch. 19AC para. 11(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 45(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/45/2)
[^c22765981]: [Sch. 19AC para. 11(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11/2) repealed (with effect in accordance with Sch. 8 para. 55(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 Para. 45(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/45/3), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 1
[^c22766631]: Words in [Sch. 19AC para. 11(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11/5) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 45(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/45/4)
[^c22777091]: [Sch. 19AC para. 11(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11/6) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c21638501]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22766011]: [Sch. 19AC para. 12(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/12/2) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22768531]: [Sch. 19AC para. 12(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/12/1) repealed (with effect in accordance with Sch. 3 para. 13(14) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(12)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/12), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c21638511]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22766031]: [Sch. 19AC para. 13(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/13/3) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22768671]: [Sch. 19AC para. 13(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/13/1) repealed (with effect in accordance with Sch. 30 para. 4(14) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(13)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/13/a), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c22768631]: Words in [Sch. 19AC para. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/13/2) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(13)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/13/b)
[^c22768691]: Words in [Sch. 19AC para. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/13/2) repealed (with effect in accordance with Sch. 30 para. 4(14) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(13)(c)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/13/c), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c22768651]: Words in [Sch. 19AC para. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/13/2) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(13)(d)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/13/d)
[^c21638521]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22766051]: [Sch. 19AC para. 14(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/14/3) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c21638531]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22769491]: [Sch. 19AC para. 15](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/15) repealed (with effect in accordance with s. 87 of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(12)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/12), Note
[^c22769241]: Words in [Sch. 19AC para. 4A(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4A/1) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(3)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/3/a)
[^c22769531]: Words in [Sch. 19AC para. 4A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4A/2) substituted 1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(3)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/3/b)
[^c22769541]: [Sch. 19AC para. 4A(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4A/3) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(3)(c)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/3/c)
[^c22769561]: O.J. No. L360, 9.12.1992, pp. 1-27.
[^c22768311]: [Sch. 19AC para. 5A(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/5A/3) inserted (with effect in accordance with [Sch. 3 para. 13(15)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/4)
[^c22768331]: [Sch. 19AC para. 5B(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/5B/1) repealed (with effect in accordance with Sch. 3 para. 13(14)(16) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/5), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22767591]: [Sch. 19AC para. 5C(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/5C/2) substituted for Sch. 19AC para. 5C(2) (with effect in accordance with [s. 154(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 28 para. 5](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/5)
[^c22768411]: [Sch. 19AC para. 9A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9A) repealed (with effect in accordance with Sch. 3 para. 13(14) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/7), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22767811]: Words in [Sch. 19AC para. 9B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9B) substituted (with effect in accordance with [s. 67(7)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/7) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 67(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/5)
[^c22769401]: [Sch. 19AC para. 9C](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9C) repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 64(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/64/1), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22768451]: [Sch. 19AC para. 10A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10A) repealed (with effect in accordance with Sch. 3 para. 13(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(10)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/10), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22769441]: Words in [Sch. 19AC para. 10AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10AA) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(4)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/4)
[^c22768731]: [Sch. 19AC para. 10B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10B/2A) inserted (with effect in accordance with [s. 75(6)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/75/6/a) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 75(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/75/4)
[^c22769471]: Words in [Sch. 19AC para. 10B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10B/2A) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 64(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/64/2) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22769341]: Words in [Sch. 19AC para. 10C(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10C/1) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(l)(iii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/l/iii)
[^c22769351]: Words in [Sch. 19AC para. 10C(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10C/2) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(o)(iii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/o/iii)
[^c22768491]: [Sch. 19AC para. 11A(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11A/1) repealed (with effect in accordance with Sch. 3 para. 13(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para 13(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/11), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22768501]: [Sch. 19AC para. 11A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11A/2) repealed (with effect in accordance with Sch. 4 para. 29(4), Sch. 8 Pt. 2(10) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 29(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/29/3), [Sch. 8 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/10)
[^c22769461]: Words in [Sch. 19AC para. 11C](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11C) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(4)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/4)
[^c22768941]: Word in [Sch.19AC para. 14A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/14A/2) repealed (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 5(2)(a)](https://www.legislation.gov.uk/uksi/2000/2188/article/5/2/a)
[^c22768961]: Words in [Sch. 19AC para. 14A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/14A/2) inserted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 5(2)(b)](https://www.legislation.gov.uk/uksi/2000/2188/article/5/2/b)
[^c22769361]: Words in [Sch. 19AC para. 14A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/14A/2) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(l)(iv)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/l/iv)
[^c22769381]: Words in [Sch. 19AC para. 14A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/14A/2) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(o)(iv)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/o/iv)
[^c23822961]: This section was inserted by section 149 of the Finance Act 2003.
[^c23821231]: Word in [Sch. 15A para. 2(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15A/paragraph/2/1/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 120(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/120/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23821251]: [Sch. 15A para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15A/paragraph/2/2) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 120(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/120/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22783901]: Words in [Sch. 15A para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15A/paragraph/3) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 48](https://www.legislation.gov.uk/uksi/2001/3629/article/48)
[^c15675031]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c22783921]: [Sch. 15B para. 1(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/1/7) repealed (with effect in accordance with Sch. 16 para. 3(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 16 para. 3(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/16/paragraph/3/1), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 4
[^c23821431]: [Sch. 15B para. 1(6)(da)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/1/6/da) inserted (23.1.2003) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 57(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/57/3), [Sch. 17 para. 3](https://www.legislation.gov.uk/ukpga/2002/23/schedule/17/paragraph/3); [S.I. 2003/88](https://www.legislation.gov.uk/uksi/2003/88), [art. 2](https://www.legislation.gov.uk/uksi/2003/88/article/2)
[^c23821451]: [Sch. 15B para. 1(10)(11)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/1/10/11) inserted (with effect in accordance with [s. 195(12)](https://www.legislation.gov.uk/ukpga/2003/14/section/195/12) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 40 para. 1](https://www.legislation.gov.uk/ukpga/2003/14/schedule/40/paragraph/1); [S.I. 2003/3077](https://www.legislation.gov.uk/uksi/2003/3077), [art. 2](https://www.legislation.gov.uk/uksi/2003/3077/article/2)
[^c23821471]: Words in [Sch. 15B para. 1(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/1/3) substituted (with effect in accordance with [Sch. 19 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 1](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/1)
[^c23821491]: [Sch. 15B para. 1(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/1/5/a) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 94(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/94/1)
[^c23821501]: Words in [Sch. 15B para. 1(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/1/5/a) substituted (with effect in accordance with [Sch. 14 para. 4(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/4/3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 14 para. 4(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/4/1)
[^c22783941]: Words in [Sch. 15B para. 2(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/2/3) substituted (with effect in accordance with [Sch. 18 para. 3](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 18 para. 1(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/1/2)
[^c23821581]: Word in [Sch. 15B para. 2(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/2/3) substituted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 14 para. 7(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/7/2)
[^c22784001]: [Sch. 15B para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3): power to exclude conferred (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 33 paras. 8](https://www.legislation.gov.uk/ukpga/2002/23/schedule/33/paragraph/8), [9(1)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/33/paragraph/9/1/b), [10](https://www.legislation.gov.uk/ukpga/2002/23/schedule/33/paragraph/10)
[^c22783961]: Words in [Sch. 15B para. 3(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3/1/b) substituted (with effect in accordance with [Sch. 18 para. 3](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 18 para. 1(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/1/3)
[^c23821521]: [Sch. 15B para. 3(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3/4) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 94(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/94/2)
[^c23821531]: [Sch. 15B para. 3(9)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3/9) modified (17.9.2004 with effect in accordance with reg. 1(2)(a) of the modifying S.I.) by [The Venture Capital Trust (Winding up and Mergers) (Tax) Regulations 2004 (S.I. 2004/2199)](https://www.legislation.gov.uk/uksi/2004/2199), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/1/1), [4](https://www.legislation.gov.uk/uksi/2004/2199/regulation/4)
[^c23821541]: Words in [Sch. 15B para. 3(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3/5) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [102(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/102/a)
[^c23821561]: Words in [Sch. 15B para. 3(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3/6) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [102(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/102/b)
[^c23821601]: Word in [Sch. 15B para. 3(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3/1/b) substituted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 14 para. 7(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/7/3)
[^c23821641]: Words in [Sch. 15B para. 4(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/4/1/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 346(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/346/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22783931]: Word in [Sch. 15B para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/6/1) repealed (with effect in accordance with s. 73(6) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 73(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/73/1/b), [Sch. 27 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/13), Note 1
[^c23821621]: Word in [Sch. 15B para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/6/1) substituted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 14 para. 7(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/7/4)
[^c22734821]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c23316661]: [Sch. 28A para. 6(da)-(dd)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/da) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23316981]: Words in [Sch. 28A para. 6(da)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/da) inserted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(a)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/a/4)
[^c23317041]: Words in [Sch. 28A para. 6(db)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/db) repealed (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(b)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/b/4), [Sch. 27 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/17), Note
[^c23317021]: Words in [Sch. 28A para. 6(dc)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/dc) substituted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(c)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/c/4)
[^c23317221]: Words in [Sch. 28A para. 6(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/d) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 67(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/67/1)
[^c23317861]: Words in [Sch. 28A para. 6(dc)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/dc) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/2)
[^c23317831]: [Sch. 28A para. 6(de)(df)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/de/df) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 4(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/4/4)
[^c23830791]: Words in [Sch. 28A para. 6(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/a) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(2)
[^c23830811]: Words in [Sch. 28A para. 6(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/c) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(3)
[^c23830831]: Words in [Sch. 28A para. 6(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/d) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(4)
[^c23316701]: Words in [Sch. 28A para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/b) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(3)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/3/a) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23317081]: Words in [Sch. 28A para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/b) substituted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(d)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/d/4)
[^c23316741]: Words in [Sch. 28A para. 7(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/c) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(3)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/3/b) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23316761]: [Sch. 28A para. 7(1)(d)-(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/d) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(3)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/3/c) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23318201]: Word preceding Sch. 28A para. 7(1)(d)(iii) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/3), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23318161]: [Sch. 28A para. 7(1)(d)(iv)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/d/iv) and preceding word inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/3)
[^c23318221]: Word preceding Sch. 28A para. 7(1)(e)(iii) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/4), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23317921]: [Sch. 28A para. 7(1)(g)(h)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/g/h) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 4(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/4/5)
[^c23318241]: [Sch. 28A para. 7(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/2) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/5), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23830701]: Words in [Sch. 28A para. 7(1)(d)(ii)(e)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/d/ii/e/ii) substituted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/52/3) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 45](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/45)
[^c23830851]: [Sch. 28A para. 7(1)(a)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/a/aa) substituted for para. 7(1)(a) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(5)
[^c23830871]: [Sch. 28A para. 7(1)(e)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/e/iii) and preceding word substituted for para. 7(1)(e)(iii)(iv) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(6)
[^c23831031]: Words in [Sch. 28A para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/b) inserted (with effect in accordance with [Sch. 7 para. 3(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/9) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 3(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/4)
[^c23316801]: [Sch. 28A para. 13(1)(ea)-(ed)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/ea) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/5) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23317121]: Words in [Sch. 28A para. 13(1)(ea)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/ea) inserted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(f)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/f/4)
[^c23317161]: Words in [Sch. 28A para. 13(1)(eb)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/eb) repealed (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(g)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/g/4), [Sch. 27 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/17), Note
[^c23317141]: Words in [Sch. 28A para. 13(1)(ec)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/ec) substituted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(h)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/h/4)
[^c23317261]: Words in [Sch. 28A para. 13(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/e) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 67(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/67/2)
[^c23318511]: Words in [Sch. 28A para. 13(1)(ec)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/ec) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/7)
[^c23317951]: [Sch. 28A para. 13(1)(ee)(ef)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/ee/ef) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 4(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/4/6)
[^c23830911]: Words in [Sch. 28A para. 13(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/b) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(8)(a)
[^c23830931]: Words in [Sch. 28A para. 13(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/d) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(8)(b)
[^c23830951]: Words in [Sch. 28A para. 13(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/e) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(8)(c)
[^c23316881]: Words in [Sch. 28A para. 16(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/b) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(7)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/7/a) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23317201]: Words in [Sch. 28A para. 16(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/b) substituted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(i)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/i/4)
[^c23316901]: Words in [Sch. 28A para. 16(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/c) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(7)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/7/b) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23316921]: [Sch. 28A para. 16(1)(d)-(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/d) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(7)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/7/c) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23318661]: Word preceding Sch. 28A para. 16(1)(d)(iii) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(8)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/8), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23318621]: [Sch. 28A para. 16(1)(d)(iv)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/d/iv) and preceding word inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(8)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/8)
[^c23318681]: Word preceding Sch. 28A para. 16(1)(e)(iii) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(9)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/9), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23318001]: [Sch. 28A para. 16(1)(g)(h)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/g/h) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 4(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/4/7)
[^c23318701]: [Sch. 28A para. 16(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/2) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/10), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23830761]: Words in [Sch. 28A para. 16(1)(d)(ii)(e)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/d/ii/e/ii) substituted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/52/3) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 45](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/45)
[^c23830971]: [Sch. 28A para. 16(1)(a)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/a/aa) substituted for para. 16(1)(a) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(9)
[^c23830991]: [Sch. 28A para. 16(1)(e)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/e/iii) and preceding word substituted for para. 16(1)(e)(iii)(iv) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(10)
[^c23831091]: Words in [Sch. 28A para. 16(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/b) inserted (with effect in accordance with [Sch. 7 para. 3(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/9) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 3(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/7)
[^c23830781]: [Sch. 28A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 43(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/43/7)
[^c23317101]: [Sch. 28A para. 11(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/11/2/a) repealed (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(e)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/e/4), [Sch. 27 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/17), Note
[^c23318601]: Words in [Sch. 28A para. 11(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/11/1/c) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(6)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/6/b)
[^c23830731]: Words in [Sch. 28A para. 11(1)(a)(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/11/1/a/3/c) substituted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/52/3) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 45](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/45)
[^c23830891]: [Sch. 28A para. 11(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/11/1/b) substituted for para. 11(1)(b)(bb) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(7)
[^c23831111]: [Sch. 28A Pt. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/part/4) title substituted (with effect in accordance with [Sch. 7 para. 3(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/9) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 3(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/8)
[^c22807531]: [Sch. 28B para. 3(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/2/aa) and preceding word substituted for para. 2(2)(b)(c) (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 2(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/2/1)
[^c22807551]: [Sch. 28B para. 3(6)-(11)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/6) inserted (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 2(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/2/2)
[^c22807591]: Words in [Sch. 28B para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3) inserted (with effect in accordance with [s. 73(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/73/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 73(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/73/3)
[^c22807611]: Words in [Sch. 28B para. 3(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/8/a) substituted (with effect in accordance with [Sch. 16 para. 1(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/16/paragraph/1/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 16 para. 1(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/16/paragraph/1/1)
[^c23835721]: Words in [Sch. 28B para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/3) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(a)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/a/i)
[^c23835731]: Words in [Sch. 28B para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/3/b) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(a)(ii)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/a/ii/a)
[^c23835741]: Words in [Sch. 28B para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/3/b) inserted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(a)(ii)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/a/ii/b)
[^c23835751]: Words in [Sch. 28B para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/3) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(a)(iii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/a/iii), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835761]: Words in [Sch. 28B para. 3(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/4/a) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(b)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/b/i)
[^c23835771]: Words in [Sch. 28B para. 3(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/4/b) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(b)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/b/ii)
[^c23835781]: [Sch. 28B para. 3(5A)(5B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/5A/5B) inserted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/c)
[^c23835791]: Words in [Sch. 28B para. 3(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/8/b) substituted (with effect in accordance with [Sch. 27 para. 5(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 para. 5(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/2) (with [Sch. 27 para. 5(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/6))
[^c22807631]: Words in [Sch. 28B para. 4(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/7) substituted (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 3](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/3)
[^c22807641]: [Sch. 28B para. 4(2)(ea)-(ee)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/2/ea) inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 3(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/3/1)
[^c22807661]: Words in [Sch. 28B para. 4(2)(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/2/f) substituted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/3/2)
[^c22807681]: [Sch. 28B para. 4(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/3A) inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/3/3)
[^c22807701]: [Sch. 28B para. 4(5)-(6D)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/5) substituted for para. 4(5)(6) (with effect in accordance with [Sch. 18 para. 5(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/5/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 18 para. 5(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/5/1)
[^c22807721]: Words in [Sch. 28B para. 4(6B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/6B) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/4/a)
[^c22807731]: Words in [Sch. 28B para. 4(6B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/6B) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23835441]: Words in [Sch. 28B para. 4(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/7) substituted (with effect in accordance with [Sch. 27 para. 5(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 para. 5(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/3) (with [Sch. 27 para. 5(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/6))
[^c22808151]: [Sch. 28B para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/1): definition of "nursing home" inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 4(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/4/1)
[^c22808171]: [Sch. 28B para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/1): definition of "property development" inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 4(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/4/2)
[^c22808191]: [Sch. 28B para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/1): definition of "residential care home" inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 4(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/4/3)
[^c22808231]: [Sch. 28B para. 5(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/5): definition of "interest in land" inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 4(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/4/4)
[^c22808251]: [Sch. 28B para. 5(6)(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/6/7) inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 4(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/4/5)
[^c22808271]: [Sch. 28B para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/1): definition of "research and development" substituted (with effect in accordance with [Sch. 18 para. 6(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/6/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 18 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/6/1) (with [Sch. 18 para. 6(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/6/3))
[^c23835461]: [Sch. 28B para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/1): definition of "oil rig" repealed (with effect in accordance with Sch. 27 para. 5(5) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 para. 5(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/4), [Sch. 42 Pt. 2(19)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/19), Note 2 (with Sch. 27 para. 5(6))
[^c22808291]: [Sch. 28B para. 6(2A)-(2C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/2A) inserted (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 4](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/4)
[^c22808351]: [Sch. 28B para. 6(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/5) inserted (with effect in accordance with [s. 73(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/73/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 73(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/73/4)
[^c22808391]: [Sch. 28B paras. 6-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6), [10B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10B) modified (13.11.2002 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Venture Capital Trust (Exchange of Shares and Securities) Regulations 2002 (S.I. 2002/2661)](https://www.legislation.gov.uk/uksi/2002/2661), [regs. 7-9](https://www.legislation.gov.uk/uksi/2002/2661/regulation/7), [11](https://www.legislation.gov.uk/uksi/2002/2661/regulation/11)
[^c22808371]: [Sch. 28B para. 6(1)(2)(2AA)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/1/2/2AA) substituted for para. 6(1)(2) (with effect in accordance with [Sch. 16 para. 2(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/16/paragraph/2/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 16 para. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/16/paragraph/2/1)
[^c23835181]: Words in [Sch. 28B para. 6(1)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/1/a/ii) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 11(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/11/a)
[^c23835201]: Words in [Sch. 28B para. 6(2AA)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/2AA/b) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 11(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/11/b)
[^c23835221]: [Sch. 28B para. 6(2AB)-(2AH)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/2AB) substituted for para. 6(2A)-(2C)(with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 11(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/11/c)
[^c23835501]: [Sch. 28B para. 6(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/5) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 11(d)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/11/d), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c22808401]: [Sch. 28B paras. 6-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6), [10B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10B) modified (13.11.2002 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Venture Capital Trust (Exchange of Shares and Securities) Regulations 2002 (S.I. 2002/2661)](https://www.legislation.gov.uk/uksi/2002/2661), [regs. 7-9](https://www.legislation.gov.uk/uksi/2002/2661/regulation/7), [11](https://www.legislation.gov.uk/uksi/2002/2661/regulation/11)
[^c22808441]: [Sch. 28B paras. 6-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6), [10B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10B) modified (13.11.2002 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Venture Capital Trust (Exchange of Shares and Securities) Regulations 2002 (S.I. 2002/2661)](https://www.legislation.gov.uk/uksi/2002/2661), [regs. 7-9](https://www.legislation.gov.uk/uksi/2002/2661/regulation/7), [11](https://www.legislation.gov.uk/uksi/2002/2661/regulation/11)
[^c23835801]: Words in [Sch. 28B para. 8(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/8/1/a) substituted (with effect in accordance with [Sch. 14 para. 2(2)-(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/2/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 14 para. 2(1)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/2/1/a)
[^c23835821]: Words in [Sch. 28B para. 8(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/8/1/b) substituted (with effect in accordance with [Sch. 14 para. 2(2)-(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/2/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 14 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/2/1/b)
[^c22808471]: [Sch. 28B paras. 6-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6), [10B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10B) modified (13.11.2002 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Venture Capital Trust (Exchange of Shares and Securities) Regulations 2002 (S.I. 2002/2661)](https://www.legislation.gov.uk/uksi/2002/2661), [regs. 7-9](https://www.legislation.gov.uk/uksi/2002/2661/regulation/7), [11](https://www.legislation.gov.uk/uksi/2002/2661/regulation/11)
[^c22808451]: Words in [Sch. 28B para. 9(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/9/1) repealed (retrospectively) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 161(1)(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/161/1/2/a), [Sch. 41 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/22), Note
[^c22808461]: [Sch. 28B para. 9(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/9/2) repealed (retrospectively) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 161(1)(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/161/1/2/b), [Sch. 41 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/22), Note
[^c22809491]: Words in [Sch. 28B para. 10(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/1) substituted (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 5(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/5/1)
[^c22809511]: [Sch. 28B para. 10(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/2) repealed (with effect in accordance with Sch. 9 para. 6 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 5(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/5/2), [Sch. 18 Pt. 6(9)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/9), Note
[^c22809531]: Words in [Sch. 28B para. 10(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4/5) substituted (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 5(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/5/3)
[^c22809561]: Words in [Sch. 28B para. 10(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4/a) substituted (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 5(4)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/5/4)
[^c23835521]: [Sch. 28B para. 10(3)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/3/a) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/a), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835241]: [Sch. 28B para. 10(3)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/3/ca) inserted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/b)
[^c23835261]: Words in [Sch. 28B para. 10(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/3/e) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/c)
[^c23835281]: Words in [Sch. 28B para. 10(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4) inserted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(d)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/d/i)
[^c23835541]: Words in [Sch. 28B para. 10(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(d)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/d/ii), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835561]: Word in [Sch. 28B para. 10(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4/a) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(d)(iii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/d/iii), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835581]: Word in [Sch. 28B para. 10(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4/b) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(d)(iv)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/d/iv), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835301]: Words in [Sch. 28B para. 10(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4/b) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(d)(v)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/d/v)
[^c23835321]: [Sch. 28B para. 10(4A)-(4C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4A) inserted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(e)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/e)
[^c23835601]: Words in [Sch. 28B para. 10(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/5) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(f)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/f/i), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835341]: Words in [Sch. 28B para. 10(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/5) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(f)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/f/ii)
[^c23835621]: [Sch. 28B para. 10(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/6) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(g)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/g), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835641]: Words in [Sch. 28B para. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 14(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/14/a), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835661]: Word in [Sch. 28B para. 11(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11/a) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 14(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/14/b), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835681]: Word in [Sch. 28B para. 11(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11/b) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 14(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/14/c), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835381]: Words in [Sch. 28B para. 11(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11/b) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 14(d)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/14/d)
[^c22809591]: Words in [Sch. 28B para. 12(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/12/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 70(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/70/3)
[^c15675021]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c22809611]: [Sch. 28B para. 13(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/13/2) substituted for para. 13(2)(3) (retrospectively) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 161(1)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/161/1/3)
[^c22809651]: [Sch. 28B para. 13(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/13/5/b) and preceding word repealed (2.7.1997) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 25(3)(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/25/3/8), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 3
[^c22809631]: [Sch. 28B para. 13(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/13/6) inserted (2.7.1997) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 25(4)(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/25/4/8)
[^c22809671]: Words in [Sch. 28B para. 13(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/13/1) inserted (16.6.1999 with effect in accordance with [s. 69(5)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/69/5/a) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 69(3)(5)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/69/3/5/b)
[^c22809481]: [Sch. 28B para. 10B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10B) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 72(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/72/5)
[^c22809471]: [Sch. 28B paras. 6-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6), [10B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10B) modified (13.11.2002 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Venture Capital Trust (Exchange of Shares and Securities) Regulations 2002 (S.I. 2002/2661)](https://www.legislation.gov.uk/uksi/2002/2661), [regs. 7-9](https://www.legislation.gov.uk/uksi/2002/2661/regulation/7), [11](https://www.legislation.gov.uk/uksi/2002/2661/regulation/11)
[^c22809451]: [1986 c. 45](https://www.legislation.gov.uk/ukpga/1986/45).
[^c22809461]: [S.I. 1989/2405 (N.I. 19)](https://www.legislation.gov.uk/nisi/1989/2405).
[^c23835001]: [Sch. 28B para. 11A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11A/2/a) substituted (15.9.2003) by [The Enterprise Act 2002 (Insolvency) Order 2003 (S.I. 2003/2096)](https://www.legislation.gov.uk/uksi/2003/2096), [art. 1(1)](https://www.legislation.gov.uk/uksi/2003/2096/article/1/1), [Sch. para. 19(a)](https://www.legislation.gov.uk/uksi/2003/2096/schedule/paragraph/19/a) (with [art. 6](https://www.legislation.gov.uk/uksi/2003/2096/article/6))
[^c23835021]: Words in [Sch. 28B para. 11A(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11A/3/a) substituted (15.9.2003) by [The Enterprise Act 2002 (Insolvency) Order 2003 (S.I. 2003/2096)](https://www.legislation.gov.uk/uksi/2003/2096), [art. 1(1)](https://www.legislation.gov.uk/uksi/2003/2096/article/1/1), [Sch. para. 19(b)](https://www.legislation.gov.uk/uksi/2003/2096/schedule/paragraph/19/b) (with [art. 6](https://www.legislation.gov.uk/uksi/2003/2096/article/6))
[^c23835401]: Word in [Sch. 28B para. 11A(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11A/1) inserted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 15](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/15)
[^c22779561]: Words in [Sch. 13A para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A/paragraph/5/1) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 50(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/50/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22779581]: [Sch. 13A para. 5(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A/paragraph/5/2) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 50(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/50/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22779601]: Words in [Sch. 13A para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A/paragraph/14/1) repealed (with effect in accordance with s. 117(4)(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para 50(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/50/4), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22779641]: Words in [Sch. 13A para. 14(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A/paragraph/14/6) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 50(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/50/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22779621]: Words in [Sch. 13A para. 14(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A/paragraph/14/8) repealed (with effect in accordance with s. 117(4)(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para 50(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/50/6), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22777321]: [Sch. 5AA para. 1(6)(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/1/6/7) modified (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 80(7)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/7)
[^c22777411]: [Sch. 5AA para. 1(2)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/1/2/b/c) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/2/a), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777481]: [Sch. 5AA para. 1(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/1/3) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/2/b), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777451]: Words in [Sch. 5AA para. 1(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/1/5) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(2)(c)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/2/c), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777461]: Words in [Sch. 5AA para. 1(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/1/6) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(2)(d)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/2/d), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777471]: [Sch. 5AA para. 1(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/1/7) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(2)(e)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/2/e), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777491]: [Sch. 5AA para. 2(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/2/3) inserted (with effect in accordance with [s. 78(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 78(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/2)
[^c22777571]: [Sch. 5AA para. 2(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/2/3) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/3), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777351]: Words in [Sch. 5AA para. 4(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/4/6) inserted (with effect in accordance with [s. 99(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/99/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 99(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/99/4)
[^c22777511]: [Sch. 5AA para. 4(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/4/4A) inserted (with effect in accordance with [s. 78(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 78(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/3)
[^c22777581]: [Sch. 5AA para. 4(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/4/4A) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/4), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777551]: [Sch. 5AA para. 6(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/6/3A) inserted (with effect in accordance with [s. 78(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 78(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/5)
[^c22777611]: [Sch. 5AA para. 6(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/6/3A) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/6), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777621]: [Sch. 5AA para. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/9) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/7), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777531]: [Sch. 5AA para. 4A(10A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/4A/10A) inserted (with effect in accordance with [s. 78(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 78(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/4)
[^c22777591]: Words in [Sch. 5AA para. 4A(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/4A/5/b) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(5)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/5/a), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777601]: [Sch. 5AA para. 4A(10A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/4A/10A) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(5)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/5/b), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22747131]: Words in [Sch. 11 para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11/paragraph/6/2) substituted (17.6.2002) by [International Development Act 2002 (c. 1)](https://www.legislation.gov.uk/ukpga/2002/1), [ss. 19(1)](https://www.legislation.gov.uk/ukpga/2002/1/section/19/1), [20(2)](https://www.legislation.gov.uk/ukpga/2002/1/section/20/2), [Sch. 3 para. 10](https://www.legislation.gov.uk/ukpga/2002/1/schedule/3/paragraph/10) (with [Sch. 5](https://www.legislation.gov.uk/ukpga/2002/1/schedule/5)); [S.I. 2002/1408](https://www.legislation.gov.uk/uksi/2002/1408), [art. 2](https://www.legislation.gov.uk/uksi/2002/1408/article/2)
[^c22747111]: [1974 c.30](https://www.legislation.gov.uk/ukpga/1974/30).
[^c22747121]: [1977 c.36](https://www.legislation.gov.uk/ukpga/1977/36).
[^c22778281]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778291]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c22778301]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778311]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c22778321]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778331]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c22778341]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778351]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c22778361]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778371]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c22778381]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778391]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c22778401]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778411]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c23316401]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) modified (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 58(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/58/1) (as amended by [2004 c. 12](https://www.legislation.gov.uk/ukpga/2004/12), [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37), [Sch. 5 para. 12](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/12)) (with Sch. 22 para. 58(3))
[^c23316411]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) applied (with modifications) (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 59(1)(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/59/1/2) (as amended by [2004 c. 12](https://www.legislation.gov.uk/ukpga/2004/12), [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37), [Sch. 5 para. 13](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/13)) (with Sch. 22 para. 59(4))
[^c23316421]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 100](https://www.legislation.gov.uk/ukpga/1996/8/section/100) (as substituted (with effect in accordance with s. 79(3) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 6](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/6) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25)))
[^c23316431]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 11A(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/11A/1) (as inserted (with effect in accordance with s. 79(3) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 11](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/11) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25)))
[^c23833991]: Words in [Sch. 28AA para. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/1/2) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 31(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/31/2)
[^c23834871]: [Sch. 28AA para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/3) applied (with effect in accordance with Sch. 17 para. 13 of the affecting Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 17 para. 12(5)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/17/paragraph/12/5)
[^c23834201]: Words in [Sch. 28AA para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/4/2) substituted (with effect in accordance with [Sch. 8 para. 4](https://www.legislation.gov.uk/ukpga/2005/22/schedule/8/paragraph/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 8 para. 1(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/8/paragraph/1/2)
[^c23834321]: Words in [Sch. 28AA para. 4(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/4/11/a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [103](https://www.legislation.gov.uk/uksi/2005/3229/regulation/103)
[^c23834361]: [Sch. 28AA para. 4(12)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/4/12): definition of "settlement" and "settlor" substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 26](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/26), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23834001]: Words in [Sch. 28AA para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/1) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/a), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834011]: [Sch. 28AA para. 5(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834021]: [Sch. 28AA para. 5(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834031]: [Sch. 28AA para. 5(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834041]: [Sch. 28AA para. 5(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834051]: [Sch. 28AA para. 5(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834061]: [Sch. 28AA para. 5(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/7) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(c)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/c)
[^c23834401]: [Sch. 28AA para. 5(7)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/7/a/b) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 239](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/239) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23316441]: [Sch. 28AA paras. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6), [7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/7) modified (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 87(1)-(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/87/1) (with [s. 87(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/87/4))
[^c23316461]: [Sch. 28AA para. 6(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/7): in definition of "relevant notice", para. (a) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/88/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 29 para. 35(3)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/29/paragraph/35/3/a)
[^c23316481]: [Sch. 28AA para. 6(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/7): in definition of "relevant notice", words in para. (e) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/88/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 29 para. 35(3)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/29/paragraph/35/3/b)
[^c23316501]: [Sch. 28AA para. 6(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/7): in definition of "voluntary amendment", paras. (a)(b) substituted for words (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/88/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 29 para. 35(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/29/paragraph/35/4)
[^c23834071]: [Sch. 28AA para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/1) substituted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/4)
[^c23834081]: Word in [Sch. 28AA para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/2) substituted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(5)(a)(i)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/5/a/i)
[^c23834091]: Words in [Sch. 28AA para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/2) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 35(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/35/2)
[^c23834101]: Words in [Sch. 28AA para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/2) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(5)(a)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/5/a/ii)
[^c23834111]: Words in [Sch. 28AA para. 6(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/2/a) substituted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(5)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/5/b)
[^c23834261]: [Sch. 28AA para. 6(4A)-(4C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/4A) inserted (with effect in accordance with [Sch. 8 para. 4](https://www.legislation.gov.uk/ukpga/2005/22/schedule/8/paragraph/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 8 para. 1(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/8/paragraph/1/5)
[^c23316451]: [Sch. 28AA paras. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6), [7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/7) modified (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 87(1)-(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/87/1) (with [s. 87(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/87/4))
[^c23316521]: Words in [Sch. 28AA para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/8/1) substituted (with effect in accordance with [s. 79(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/79/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 21(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/21/2/a) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25))
[^c23316581]: Words in [Sch. 28AA para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/8/1) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 15(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/15/2/a) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23316541]: [Sch. 28AA para. 8(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/8/1/a) substituted (with effect in accordance with [s. 79(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/79/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 21(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/21/2/b) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25))
[^c23316601]: [Sch. 28AA para. 8(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/8/1/b) substituted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 15(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/15/2/b) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23316561]: [Sch. 28AA para. 8(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/8/3) substituted for para. 8(2) (with effect in accordance with [s. 79(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/79/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 21(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/21/3) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25))
[^c23316621]: [Sch. 28AA para. 8(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/8/4) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 15(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/15/3) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23833971]: Words in [Sch. 28AA para. 11(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/11/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 351(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/351/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23834121]: [Sch. 28AA para. 11(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/11/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834131]: Word at the end of Sch. 28AA para. 11(3)(c) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(7)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/7/a)
[^c23834141]: [Sch. 28AA para. 11(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/11/3/e) and preceding word repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(7)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/7/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834151]: [Sch. 28AA para. 11(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/11/3/e) and preceding word repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(7)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/7/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834161]: Words in [Sch. 28AA para. 11(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/11/4) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834171]: Words in [Sch. 28AA para. 12(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/12/3/b) substituted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(8)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/8)
[^c23316641]: Words in [Sch. 28AA para. 13(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/13/a) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 68](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/68)
[^c23834181]: [Sch. 28AA para. 13](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/13) renumbered as para. 13(1) (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by virtue of [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 32(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/32/4)
[^c23834191]: [Sch. 28AA para. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/13/2) added (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 32(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/32/4)
[^c22747221]: [1996 c. 8](https://www.legislation.gov.uk/ukpga/1996/8).
[^c23833861]: [Sch. 28AA para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/14/1): words in definition of "losses" substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 40(2)
[^c23833881]: [Sch. 28AA para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/14/1): definition of "medium-sized enterprise" inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 31(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/31/5)
[^c23833891]: [Sch. 28AA para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/14/1): definition of "non-qualifying territory" inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 31(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/31/5)
[^c23833901]: [Sch. 28AA para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/14/1): definition of "paragraph 6C claim" inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 35(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/35/5)
[^c23833911]: [Sch. 28AA para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/14/1): definition of "qualifying territory" inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 31(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/31/5)
[^c23833921]: [Sch. 28AA para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/14/1): definition of "small enterprise" inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 31(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/31/5)
[^c23834421]: [Sch. 28AA para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/14/1): definition of "insurance company" repealed (with effect in accordance with Sch. 10 para. 17(2) of the repealing Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 14(2)(f)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/14/2/f), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10), Note
[^c23833701]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) excluded by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 12(2ZA)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/12/2ZA) (as inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 7(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/7/2))
[^c23833711]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/16) (as inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 8](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/8))
[^c23833721]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) excluded by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 28(3A)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/28/3A) (as inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 15(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/15/2))
[^c23833731]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) modified by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 31A](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/31A) (as inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 15(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/15/3))
[^c23833741]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) excluded by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 55(1A)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/55/1A) (as inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 16(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/16/2))
[^c23834381]: [Sch. 28AA paras. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5B), [5C](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5C) excluded (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 113(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/113/6), [Sch. 17 para. 12(2)(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/17/paragraph/12/2/3)
[^c23834481]: [Sch. 28AA paras. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5B), [5C](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5C) excluded by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69X(6)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69X/6) (as inserted (6.4.2008) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I. 2008/705)](https://www.legislation.gov.uk/uksi/2008/705), [regs. 1](https://www.legislation.gov.uk/uksi/2008/705/regulation/1), [5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5))
[^c23834391]: [Sch. 28AA paras. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5B), [5C](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5C) excluded (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 113(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/113/6), [Sch. 17 para. 12(2)(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/17/paragraph/12/2/3)
[^c23834491]: [Sch. 28AA paras. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5B), [5C](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5C) excluded by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69X(6)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69X/6) (as inserted (6.4.2008) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I. 2008/705)](https://www.legislation.gov.uk/uksi/2008/705), [regs. 1](https://www.legislation.gov.uk/uksi/2008/705/regulation/1), [5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5))
[^c23833931]: Words in [Sch. 28AA para. 6A(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 351(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/351/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23833951]: Words in [Sch. 28AA para. 6E](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6E) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 351(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/351/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23834281]: Words in [Sch. 28AA para. 7A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/7A/2/b) repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23834301]: Words in [Sch. 28AA para. 7C(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/7C/2/b) repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23834811]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) excluded (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 340(7)](https://www.legislation.gov.uk/ukpga/2009/4/section/340/7), [625(7)](https://www.legislation.gov.uk/ukpga/2009/4/section/625/7), [694(8)-(10)](https://www.legislation.gov.uk/ukpga/2009/4/section/694/8), [775(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/775/3) (with [ss. 628](https://www.legislation.gov.uk/ukpga/2009/4/section/628), [629](https://www.legislation.gov.uk/ukpga/2009/4/section/629), [636](https://www.legislation.gov.uk/ukpga/2009/4/section/636), [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23834821]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) applied (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 445-447](https://www.legislation.gov.uk/ukpga/2009/4/section/445) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23834881]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) excluded (1.12.2009 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Mutual Societies (Transfers of Business) (Tax) Regulations 2009 (S.I. 2009/2971)](https://www.legislation.gov.uk/uksi/2009/2971), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/1/1), [19(6)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/19/6), [22(6)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/22/6) (with [regs. 19(7)(10)(11)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/19/7/10/11), [22(7)(9)(10)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/22/7/9/10))
[^c23834891]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) excluded (1.1.2010) by The Northern Rock plc (Tax Consequences) Regulations 2009 ([S.I. 2009/3227](https://www.legislation.gov.uk/uksi/2009/3227)), regs. 1, 4(3), 6(2)
[^c22780291]: [Sch. 13B para. 3(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/3/2A) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 2](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/2)
[^c22780261]: Words in [Sch. 13B para. 4(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/4/1/b) inserted (with effect in accordance with [s. 39(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/39/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 39(9)](https://www.legislation.gov.uk/ukpga/2000/17/section/39/9)
[^c22780281]: [1990 c. 29](https://www.legislation.gov.uk/ukpga/1990/29).
[^c22780311]: [Sch. 13B para. 5(4)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/5/4/ca) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/3)
[^c22780331]: [Sch. 13B para. 6(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/6/4A) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 4(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/4/2)
[^c22780351]: [Sch. 13B para. 6(7A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/6/7A) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 4(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/4/3)
[^c22780371]: [Sch. 13B para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/7/3) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 5](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/5)
[^c22780391]: Words in [Sch. 13B para. 8(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/8/4) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 6(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/6/2)
[^c22780411]: [Sch. 13B para. 8(5A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/8/5A) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 6(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/6/3)
[^c22747291]: [1993 c. 48](https://www.legislation.gov.uk/ukpga/1993/48).
[^c22747301]: [1993 c. 49](https://www.legislation.gov.uk/ukpga/1993/49).
[^c22747311]: [1993 c. 48](https://www.legislation.gov.uk/ukpga/1993/48).
[^c22747321]: [1993 c. 49](https://www.legislation.gov.uk/ukpga/1993/49).
[^c23389441]: Words in [Sch. 4AA para. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4AA/paragraph/1/4) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 35(2)
[^c23389461]: Words in [Sch. 4AA para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4AA/paragraph/7/3) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 35(3)
[^c23389481]: [Sch. 4AA para. 13(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4AA/paragraph/13/1/2) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 35(4)
[^c23389501]: [Sch. 4AA para. 13](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4AA/paragraph/13) heading substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 35(5)
[^c23822131]: [Sch. 18A Pt. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18A/part/2) modified (28.10.2008 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Group Relief for Overseas Losses (Modification of the Corporation Tax Acts for Non-resident Insurance Companies) Regulations 2008 (S.I. 2008/2646)](https://www.legislation.gov.uk/uksi/2008/2646), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2008/2646/regulation/1/1), [2](https://www.legislation.gov.uk/uksi/2008/2646/regulation/2)
[^c23387701]: O.J. L374, 31.12.1991, p.7.
[^c23380011]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c23380081]: O.J. L374, 31.12.1991, p.7.
#### Foreign pensions.
#### Section 209(3AA): link to shares of company or associated company
#### Further interpretation of sections 135 to 139.
#### Further interpretation of sections 135 to 139.
#### Cash vouchers taxable under P.A.Y.E.
#### Further interpretation of sections 135 to 139.
#### Credit-tokens.
#### Insurance companies carrying on more than one category of business: restriction of credit.
#### Exemptions from section 148.
#### Giving effect to mileage allowance relief
#### Limited exemption for computer equipment.
#### Taxation of profit-related pay.
#### Taxation of profit-related pay.
#### Meaning of “distribution”.
#### Aggregation of wife’s income with husband’s.
#### Losses from UK property business.
#### Equalisation reserves for general business.
#### Court common investment funds.
#### Lessee under long funding finance lease: limit on deductions
#### Letting of furnished holiday accommodation treated as trade for certain income tax purposes
#### Life policies: chargeable events.
#### Relief for individuals.
#### Expenditure on car hire: supplementary
#### Gifts of shares, securities and real property to charities etc
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Revocable settlements allowing reversion of property.
#### The prescribed circumstances.
#### Manufactured dividends and interest.
#### Assets leased to traders and others.
#### Assets leased to traders and others.
#### Section 785B: expectation that relevant capital payment will not be paid
#### The approved amount: mileage allowance payments
#### Section 796: trade income
#### Separate streaming of dividend so far as representing an ADP dividend of a CFC.
#### Limited exemption for computer equipment.
#### Provisions supplementary to section 138.
#### Second loans.
#### Loan relationships etc.
#### Letting of furnished holiday accommodation treated as trade for certain income tax purposes
#### Cessation of approval: tax on certain schemes.
#### Tax credits under Part 1 of Tax Credits Act 2002
#### Termination of relief under this Chapter, and transitional provisions.
#### Section 590: supplementary provisions.
#### Supplementary provisions.
#### Relief for contributions in respect of share option gains.
#### Travel expenses of employees not domiciled in the United Kingdom.
#### Provisions supplementary to section 138.
#### Application of lower rate to company distributions.
#### Provisions supplementary to section 138.
#### Provisions supplementary to section 138.
#### Application of sections 251B and 251C
#### Application of sections 251B and 251C
#### Children’s tax credit.
#### Married couple's allowance (post-5th December 2005 marriages and civil partnerships etc.)
#### Further interpretation of sections 135 to 139.
#### Conditional acquisition of shares.
#### Further interpretation of sections 135 to 139.
#### Exemption from tax in respect of qualifying premiums.
#### Revocable settlements allowing release of obligation.
#### Settlements made after 6th April 1965.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Schemes and arrangements designed to increase relief
#### Insurance companies carrying on more than one category of business: restriction of credit.
#### Onshore pooling.
#### Restriction on deduction of interest or dividends from trading income.
#### Repayment supplements: companies.
#### Application of Income Tax Acts to public departments and avoidance of exempting provisions.
#### Interest on tax overpaid.
#### VAT penalties etc.
#### Application of Income Tax Acts to public departments and avoidance of exempting provisions.
#### Dividends paid out of transferred profits.
#### Disposals and acquisitions of company loan relationships with or without interest.
#### Repayment supplements: companies.
#### Interest on payments in respect of corporation tax and meaning of “the material date".
#### Territorial sea and designated areas.
#### Interest on tax overpaid.
#### Schedule C.
#### Schedule E.
#### Regulations
#### Rules for ascertaining duration of leases.
#### United Kingdom government securities held by non-residents.
#### Amounts reversing expenses of management deducted: charge to tax
#### United Kingdom government securities held by non-residents.
#### Disposal or exercise of rights in pursuance of deposits.
#### Discounted bills of exchange.
#### Expenses of insurance companies
#### Costs of establishing share option or profit sharing schemes: relief.
#### Allowable deductions.
#### Expenses connected with living accommodation.
#### Exemptions from section 148.
#### Charitable and non-charitable expenditure
#### Capital sums: . . . winding up or partnership change.
#### Interpretation.
#### Relief for necessary expenses.
#### Application of lower rate to company distributions.
#### Section 209(3AA): hedging arrangements
#### Interpretation of sections 249 and 250.
#### Treatment of cash dividend retained and then later paid out
#### “Gross rate” and “gross amount” of distributions to include ACT.
#### Indexation of amounts in sections 256B, 257, 257A and 257AB.
#### Meaning of “the minimum amount”
#### Children’s tax credit.
#### Married couple’s allowance(pre-5th December 2005 marriages).
#### Charges on income: interest payable to non-residents.
#### Tax on companies in administration
#### Company reconstructions: supplemental.
#### Company reconstructions: supplemental.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Home improvement loans.
#### Losses from UK property business.
#### Losses from UK property business.
#### Transactions in deposits with and without certificates or in debts.
#### Leasing contracts and company reconstructions.
#### Amounts eligible for group relief: trading losses.
#### Close companies.
#### Limits on group relief.
#### Apportionment of income and gains.
#### Losses from Schedule A business or overseas property business.
#### Section 432B apportionment: supplementary provisions.
#### Profits reserved for policy holders and annuitants.
#### Determination of policy holders’ share for purposes of s.438B
#### Income or gains arising from property investment LLP
#### Determination of policy holders’ share for purposes of s.438B
#### Transfers of life assurance business: Case VI losses of the transferor
#### Transfers of business: deemed periodical return
#### Transfers of business: election for transferee to pay tax of transferor
#### Taxation in respect of other business.
#### Election as to tax exempt business.
#### Old societies.
#### Assets of branch of registered friendly society to be treated as assets of society after incorporation.
#### Certified unit trusts: corporation tax.
#### Funds of funds: distributions.
#### Interest paid on deposits with banks etc.
#### “Deposit-taker”, “deposit” and “relevant deposit”.
#### Charitable and non-charitable expenditure
#### Charitable companies: general.
#### Introductory.
#### Treatment of certain assignments etc involving co-ownership
#### Tax representatives.
#### Overseas life assurance business: life policies.
#### Supplementary provisions.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Exploration expenditure supplement
#### Payments to unmarried minor children of settlor.
#### Offshore income gains accruing to persons resident or domiciled abroad.
#### Offshore income gains: application of transfer of assets abroad provisions
#### Section 591C: supplementary.
#### Income arising under settlement where settlor retains an interest.
#### Interpretation.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Interpretation of section 737A.
#### Withdrawal of right to tax credit of certain non-resident companies connected with unitary states.
#### Recovery of tax credits incorrectly paid.
#### Interpretation of the Tax Acts.
#### Interpretation of Income Tax Acts.
#### Qualifying interests in land held jointly
#### Qualifying courses of training etc.
#### Approval of schemes.
#### Stock lending.
#### Dealers in securities.
#### Deemed manufactured payments in the case of stock lending arrangements.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Apportionment of chargeable profits and creditable tax
#### Income treated as arising under section 761(1): remittance basis
#### The approved amount: mileage allowance payments
#### Offshore income gains: application of transfer of assets abroad provisions
#### Income treated as arising under section 761(1): remittance basis
#### Provision not at arm’s length.
#### Form of relief.
#### Company reconstructions involving business of leasing plant or machinery
#### Interpretation of Chapter III.
#### Close companies.
#### Overseas life assurance business.
#### Authorised unit trusts.
#### Savings banks: exemption from tax.
#### Transactions with substantial donors
#### Introductory.
#### Provisions supplementary to sections 573 and 575.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Lessee under long funding finance lease: limit on deductions
#### General powers to make regulations under Chapter IV.
#### Change in ownership of company carrying on property business.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Change in company ownership: postponed corporation tax.
#### Supplementary provisions.
#### Provisions supplementary to section 138.
#### Travel expenses of employees not domiciled in the United Kingdom.
#### U.K. company distributions not generally chargeable to corporation tax.
#### Meaning of “distribution”.
#### Election by company paying dividend.
#### Returns.
#### Further interpretation of sections 135 to 139.
#### Relief for contributions in respect of share option gains.
#### Further interpretation of sections 135 to 139.
#### Section 209(3AA): link to shares of company or associated company
## [SCHEDULE 19A
#### Mutual agreement procedure and presentation of cases under arrangements.
#### Arrangements to avoid section 812.
#### Mutual agreement procedure and presentation of cases under arrangements.
#### Separate streaming of dividend so far as representing an ADP dividend of a CFC.
#### Interpretation of Income Tax Acts.
#### Miscellaneous charges (list for the purposes of certain provisions that formerly referred to Case VI of Schedule D)
#### Interpretation of the Corporation Tax Acts.
#### Meaning of “UK property business” and “overseas property business”
#### Meaning of “UK property business” and “overseas property business”
#### Qualifying counselling services etc.
#### Conditions for approval of retirement benefit schemes.
#### Interpretation.
#### Appeals against Board’s notices under section 703.
#### The prescribed circumstances.
#### Prevention of avoidance of income tax.
#### Reduction in chargeable profits for certain financing income
#### Reduction in chargeable profits for certain financing income
#### Deemed interest: cash collateral under stock lending arrangements
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Change in ownership of company with unused non-trading loss on intangible fixed assets
#### Qualifying interests in land held jointly
#### Interpretation of credit code.
#### Payments under discretionary trusts.
#### Recovery of tax credits incorrectly paid.
#### Interest on tax overpaid.
#### Interest on tax overpaid.
#### Interpretation of the Tax Acts.
#### Interpretation of Income Tax Acts.
#### Interpretation of the Tax Acts.
#### Interpretation of Income Tax Acts.
#### Interpretation of the Corporation Tax Acts.
#### Cessation of approval: general provisions.
#### Imputation of chargeable profits and creditable tax of controlled foreign companies
#### Reduction in chargeable profits: failure to qualify for exemptions
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Restriction of relief for payments of interest.
#### Sales etc. at an undervalue or overvalue.
#### Relief by agreement with other territories.
#### Exceptions from the general charge.
#### Provisions supplementary to section 138.
#### Interpretation of sections 251A to 251C
#### Interpretation of sections 251A to 251C
#### Relief for contributions in respect of share option gains.
#### Application of lower rate to company distributions.
#### Aggregation of wife’s income with husband’s.
#### Losses from overseas property business.
#### Meaning of “participator”, “associate”, “director” and “loan creditor”.
#### Meaning of “associated company” and “control”.
#### Loans to participators etc.
#### Taxation of borrower when loan under section 419 released etc
#### Exclusions from section 423.
#### Taxation in respect of other business.
#### Computation of amount available for surrender by way of group relief.
#### Exploration expenditure supplement
#### The conditions for being an excepted group life policy
#### Introductory.
#### Ceasing to meet the trading requirement because of administration or receivership
#### Qualifying trading companies
#### The control and independence requirement
#### Tax representatives.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Schedule 4 directions.
#### Settlements made before 7th April 1965 but after 9th April 1946.
#### Change in company ownership: postponed corporation tax.
#### Change in ownership of company with unused non-trading loss on intangible fixed assets
#### Apportionment of chargeable profits and creditable tax
#### Section 751A: supplementary
#### Relief by agreement with other territories.
#### Qualifying vehicles
#### Introduction
#### Company vehicles
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Meaning of “participator”, “associate”, “director” and “loan creditor”.
#### “Distribution” to include certain expenses of close companies.
#### Valuation of oil disposed of or appropriated in certain circumstances.
#### Cases where ss. 502B to 502G do not apply: lessor also lessee under non-long funding lease
#### Lessee under long funding finance lease: limit on deductions
#### Certain deficiencies allowable as deductions.
#### The property managing subsidiaries requirement
#### Expenditure on car hire: supplementary
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Certain income not to be income of settlor etc.
#### Special provisions as to certain interests in residue.
#### Interpretation of section 730A.
#### Sales etc. at an undervalue or overvalue.
#### Leased assets subject to hire-purchase agreements.
#### Tax year
#### Insurance companies carrying on more than one category of business: restriction of credit.
#### Exemptions from section 148.
#### Giving effect to mileage allowance relief
#### Limited exemption for computer equipment.
#### Taxation of profit-related pay.
#### Taxation of profit-related pay.
#### Meaning of “distribution”.
#### Aggregation of wife’s income with husband’s.
#### Losses from overseas property business.
#### Modification of s. 444BA for mutual or overseas business and for non-resident companies.
#### Transitional provisions relating to unit trusts.
#### Lessee under long funding finance lease: termination
#### Charitable companies: general.
#### Life policies: chargeable events.
#### Business entertaining expenses.
#### Statutory redundancy payments.
#### Gifts of shares, securities and real property to charities etc
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Revocable settlements allowing reversion of property.
#### The prescribed circumstances.
#### Manufactured dividends and interest.
#### Assets leased to traders and others.
#### Leased assets: special cases.
#### Transactions associated with loans or credit.
#### The approved amount: mileage allowance payments
#### Section 796: trade income
#### Separate streaming of dividend so far as representing an ADP dividend of a CFC.
#### Limited exemption for computer equipment.
#### Provisions supplementary to section 138.
#### Second loans.
#### Loan relationships etc.
#### Letting of furnished holiday accommodation treated as trade for certain income tax purposes
#### Section 591C: supplementary.
#### Tax credits under Part 1 of Tax Credits Act 2002
#### Exemption from tax in respect of qualifying premiums.
#### Section 590: supplementary provisions.
#### Supplementary provisions.
#### Exemption from tax in respect of qualifying premiums.
#### Revocable settlements allowing reversion of property.
#### Settlements made after 6th April 1965.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Effect of notice under section 804ZA
#### Insurance companies: allocation of expenses etc in computations under Case I of Schedule D.
#### Utilisation of eligible unrelieved foreign tax.
#### Interest: special relationship.
#### Repayment supplements: companies.
#### Application of Income Tax Acts to public departments and avoidance of exempting provisions.
#### Interest on tax overpaid.
#### VAT penalties etc.
#### Application of Income Tax Acts to public departments and avoidance of exempting provisions.
#### Separate streaming of dividend so far as representing an ADP dividend of a CFC.
#### Disposals and acquisitions of company loan relationships with or without interest.
#### Repayment supplements: companies.
#### Interest on payments in respect of corporation tax and meaning of “the material date".
#### Territorial sea and designated areas.
#### Interest on tax overpaid.
#### Schedule C.
#### Schedule F.
#### Restrictions on relief
#### Saving for pre-1963 leases, and special relief for individuals.
#### Securities of foreign states.
#### Amounts reversing expenses of management deducted: charge to tax
#### United Kingdom government securities held by non-residents.
#### Disposal or exercise of rights in pursuance of deposits.
#### Discounted bills of exchange.
#### Expenses of insurance companies
#### Costs of establishing share option or profit sharing schemes: relief.
#### Allowable deductions.
#### Expenses connected with living accommodation.
#### Relief for contributions in respect of share option gains.
#### Transactions with substantial donors
#### Relief for expenses.
#### Approval of schemes.
#### Section 591C: supplementary.
#### Income arising under settlement where settlor retains an interest.
#### Application to Scotland.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Interpretation of section 737A.
#### Withdrawal of right to tax credit of certain non-resident companies connected with unitary states.
#### Recovery of tax credits incorrectly paid.
#### Interpretation of the Tax Acts.
#### Interpretation of Income Tax Acts.
#### Supplementary provision for gifts of real property
#### Counselling services for employees.
#### Approval of schemes.
#### Exception for sale and repurchase of securities.
#### Persons entitled to exemptions.
#### Deemed manufactured payments in the case of stock lending arrangements.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Relevant interests.
#### Income treated as arising under section 761(1): remittance basis
#### Mutual agreement procedure and presentation of cases under arrangements.
#### Power to inspect documents.
#### The Arbitration Convention.
#### Separate streaming of dividend so far as representing an ADP dividend of a CFC.
#### Interpretation of Income Tax Acts.
#### Miscellaneous charges (list for the purposes of certain provisions that formerly referred to Case VI of Schedule D)
#### Interpretation of the Corporation Tax Acts.
#### Meaning of “UK property business” and “overseas property business”
#### Meaning of “UK property business” and “overseas property business”
#### Qualifying counselling services etc.
#### Section 590: supplementary provisions.
#### Interpretation.
#### Appeals against Board’s notices under section 703.
#### The prescribed circumstances.
#### Liability of non-transferors.
#### Reduction in chargeable profits for certain financing income
#### Reduction in chargeable profits for certain financing income
#### Deemed interest: cash collateral under stock lending arrangements
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Change in ownership of company with unused non-trading loss on intangible fixed assets
#### Qualifying interests in land held jointly
#### Interpretation of credit code.
#### Payments under discretionary trusts.
#### Recovery of tax credits incorrectly paid.
#### Interest on tax overpaid.
#### Interest on tax overpaid.
#### Interpretation of the Tax Acts.
#### Interpretation of Income Tax Acts.
#### Interpretation of the Tax Acts.
#### Interpretation of Income Tax Acts.
#### Interpretation of the Corporation Tax Acts.
#### Cessation of approval: general provisions.
#### Imputation of chargeable profits and creditable tax of controlled foreign companies
#### Reduction in chargeable profits: failure to qualify for exemptions
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Restriction of relief for payments of interest.
#### Sales etc. at an undervalue or overvalue.
#### Arrangements made under old law.
#### Interest on payments in respect of corporation tax and meaning of “the material date".
#### VAT penalties etc.
#### VAT penalties etc.
@@ -66090,11 +66090,11 @@
#### Tax treatment of receipts and outgoings on sale of land.
#### Payments to trustees of approved profit sharing schemes.
#### Application of charges where rights to payments transferred.
#### Relief for necessary expenses.
#### Costs of establishing employee share ownership trusts: relief.
#### Treatment of receipts as earned income.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 469
@@ -66222,914 +66222,914 @@
- (11) This section shall have effect in relation to distribution periods beginning on or after 6th April 1987.
#### Definition of insurance company.
#### Tax credits under Part 1 of Tax Credits Act 2002
#### Reduction in chargeable profits following an exempt period
#### Leased assets subject to hire-purchase agreements.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Reduction of United Kingdom taxes by amount of credit due.
#### Territorial sea and designated areas.
#### Interpretation of the Corporation Tax Acts etc.
#### Miscellaneous charges (list for the purposes of certain provisions that formerly referred to Case VI of Schedule D)
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Qualifying trade, profession or vocation
#### How averaging claim is given effect
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Levies and repayments under the Financial Services and Markets Act 2000.
#### Costs of establishing share option or profit sharing schemes: relief.
#### Taxable premiums etc.
#### Section 87(2) and (3) and reductions in receipts under ITTOIA 2005
#### Restriction on relief: individuals.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### CHAPTER 1B — PROVISIONS AS TO CAPITAL SUMS PAID TO SETTLOR
### CHAPTER 1C — LIABILITY OF TRUSTEES
#### Section 785B: expectation that relevant capital payment will not be paid
#### Leased assets: special cases.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Insurance companies: allocation of expenses etc in computations under Case I of Schedule D.
#### Meaning of “settlement day” for purposes of sections 711 to 728.
#### Adjustment of profits on averaging claim
#### Special rule for computing chargeable profits.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The approved amount: passenger payments
#### Introduction
#### Introduction
## Part IV — Disallowed debits and non-trading deficits
#### Reduction in chargeable profits: failure to qualify for exemptions
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Qualifying vehicles
#### Employment
#### The approved amount: mileage allowance payments
#### Charitable donations: contributions to agent’s expenses.
#### Charitable donations: contributions to agent’s expenses.
#### Section 87(2) and (3) and reductions in receipts under ITTOIA 2005
#### Meaning of “the aggregate amount”
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Treatment of price differential on sale and repurchase of securities.
#### Manufactured dividends and interest.
#### Section 751A: supplementary
#### Change in company ownership: postponed corporation tax.
#### Assets leased to traders and others.
#### Revocable settlements allowing reversion of property.
#### Arrangements to avoid section 812.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Interpretation of the Corporation Tax Acts etc.
#### Interpretation of the Corporation Tax Acts etc.
#### Unrealised interest in default
#### Interest on tax overpaid.
#### Transfers of rights to receive distributions in respect of shares
#### Offshore income gains: application of transfer of assets abroad provisions
#### Qualifying trade, profession or vocation
#### How averaging claim is given effect
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The approved amount: mileage allowance payments
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Tax year
#### Meaning of “the aggregate amount”
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Deemed manufactured payments in the case of stock lending arrangements.
#### Imputation of chargeable profits and creditable tax of controlled foreign companies
#### Change in company ownership: corporation tax.
#### Dividends paid out of transferred profits.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Miscellaneous charges (list for the purposes of certain provisions that formerly referred to Case VI of Schedule D)
#### Commencement.
#### Interest on tax overpaid.
#### Section 751A: supplementary
#### Introduction
#### Adjustment of profits on averaging claim
#### Tax year
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Manufactured interest on UK securities: general
### Manufactured interest on gilt-edged securities etc.
#### Amount of post-commencement supplement for a post-commencement period
#### Valuation of work in progress at discontinuance of profession or vocation.
#### Paying agents.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Section 751A: supplementary
#### Effect of appointment or arrangements under section 659B.
#### Tax credits under Part 1 of Tax Credits Act 2002
#### Foreign tax on items giving rise to a non-trading credit: intangible fixed assets
#### Section 796: trade income
#### Effect of notice under section 804ZA
#### Utilisation of eligible unrelieved foreign tax.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Repayment supplements: companies.
#### Interpretation of the Corporation Tax Acts etc.
#### Meaning of “UK property business” and “overseas property business”
#### Income treated as arising under section 761(1): remittance basis
#### Change in company ownership: postponed corporation tax.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Sales etc. at an undervalue or overvalue.
#### Section 785B: expectation that relevant capital payment will not be paid
#### Company vehicles
#### Introduction
#### The approved amount: mileage allowance payments
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### About this Schedule
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Effect of appointment or arrangements under section 659B.
#### Repayment supplements: companies.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Change in ownership of company with unused non-trading loss on intangible fixed assets
#### Sales etc. at an undervalue or overvalue.
#### Restriction of relief for payments of interest.
#### Tax year
#### Company vehicles
#### Employment
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Debts of overseas governments etc.
#### Provisions supplementary to sections 100 and 101.
#### “A significant amount of time”
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The control and independence requirement
#### Business entertaining expenses.
#### Application of Income Tax Acts to public departments and avoidance of exempting provisions.
#### Interpretation of Income Tax Acts.
#### Commencement.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Exemption from sections 739 and 740 (transactions before 5th December 2005)
#### Introduction
### Introductory
### Payments and other benefits to which section 148 applies
### Payments and other benefits excluded from charge under section 148
### Application of £30,000 threshold
### Exclusion or reduction of charge in case of foreign service
### Valuation of benefits
### Notional interest treated as paid if amount charged in respect of beneficial loan
### Giving effect to the charge to tax
### Reporting requirements
### Interpretation
#### Qualifying vehicles
#### The approved amount: passenger payments
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Qualifying companies
#### The pool of qualifying E&A losses and the pool of non-qualifying losses
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Exemption from sections 739 and 740 (transactions before 5th December 2005)
#### Adjustment of profits on averaging claim
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### About this Schedule
#### Qualifying companies
#### Leased assets subject to hire-purchase agreements.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Liability of non-transferors.
#### Exemption from sections 739 and 740 (transactions before 5th December 2005)
#### Company vehicles
#### Introduction
#### The pool of qualifying E&A losses and the pool of non-qualifying losses
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Power to modify sections 727A, 730A, 730BB and 737A to 737C
#### Power to modify sections 727A, 730A, 730BB and 737A to 737C
#### Introduction
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Tax year
#### Qualifying companies
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Foreign tax on items giving rise to a non-trading credit: intangible fixed assets
#### Interest on payments in respect of corporation tax and meaning of “the material date".
#### Trading stock.
#### VAT penalties etc.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### The appropriate percentage
### Car with CO2 emissions figure
### The lower threshold
### Bi-fuel cars
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Supplement in respect of a post-commencement period
#### The non-qualifying pool
#### Supplement in respect of a pre-commencement accounting period
#### Qualifying companies
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Interpretation of the Corporation Tax Acts.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Interest: special relationship.
#### Supplement in respect of a pre-commencement accounting period
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Supplement in respect of a post-commencement period
#### Qualifying companies
#### The non-qualifying pool
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Qualifying companies
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Effect of notice under section 804ZA
#### Utilisation of eligible unrelieved foreign tax.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Supplement in respect of a post-commencement period
#### Amount of post-commencement supplement for a post-commencement period
#### Supplement in respect of a pre-commencement accounting period
#### Supplement in respect of a post-commencement period
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### “The individual’s contribution to the trade”
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Insurance companies: allocation of expenses etc in computations under Case I of Schedule D.
#### Interest: special relationship.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Supplement in respect of a pre-commencement accounting period
#### The pool of qualifying E&A losses and the pool of non-qualifying losses
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Change in company ownership: corporation tax.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Interpretation of this Act.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### About this Schedule
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Recovery of tax credits incorrectly paid.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### About this Schedule
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Allowable deductions.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Reduction in chargeable profits following an exempt period
#### Meaning of “asset”, “capital sum” and “lease” for purposes of sections 781 to 784.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Reduction in chargeable profits following an exempt period
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Power to inspect documents.
#### The Arbitration Convention.
#### Schemes and arrangements designed to increase relief
#### Withdrawal of right to tax credit of certain non-resident companies connected with unitary states.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The non-qualifying pool
#### About this Schedule
#### About this Schedule
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Application of Income Tax Acts from year to year.
#### Repayment supplements: companies.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Accounting periods
#### The non-qualifying pool
#### About this Schedule
#### Accounting periods
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
#### Amount of post-commencement supplement for a post-commencement period
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Conventional basis: general charge on receipts after discontinuance . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Withdrawal of right to tax credit of certain non-resident companies connected with unitary states.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Introduction
#### Adjustment of profits on averaging claim
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### About this Schedule
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Accounting periods
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The approved amount: passenger payments
#### Recovery of tax credits incorrectly paid.
#### Old references to standard rate tax.
#### Reduction of United Kingdom taxes by amount of credit due.
#### Territorial sea and designated areas.
#### Interpretation of the Corporation Tax Acts etc.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### “Annual value” of land.
#### Qualifying trade, profession or vocation
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
#### Supplement in respect of a pre-commencement accounting period
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Accounting periods
#### Restriction on relief: companies.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Power to inspect documents.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Interpretation of the Corporation Tax Acts.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Introduction
#### Qualifying companies
#### Amount of post-commencement supplement for a post-commencement period
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Accounting periods
#### Supplement in respect of a post-commencement period
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Meaning of “research and development”.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The pool of qualifying E&A losses and the pool of non-qualifying losses
#### Allowable deductions.
#### Partners: meaning of “contribution to the trade”
#### Partners: meaning of “contribution to the trade”
#### Restriction on deduction of interest or dividends from trading income.
#### Miscellaneous charges (list for the purposes of certain provisions that formerly referred to Case VI of Schedule D)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Qualifying trade, profession or vocation
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
#### Amount of post-commencement supplement for a post-commencement period
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Supplement in respect of a post-commencement period
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Definitions.
#### Meaning of “relevant loss” in section 118ZN
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Definitions.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Repayment supplements: companies.
#### Meaning of “investment LLP” and “property investment LLP”
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Introduction
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Amount of post-commencement supplement for a post-commencement period
#### The non-qualifying pool
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 468A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 468A
- (1) In relation to an open-ended investment company the rate of corporation tax for the financial year 2005 and subsequent financial years shall be deemed to be the rate at which income tax at the savings rate is charged for the year of assessment which begins on 6th April in the financial year concerned (and section 13 shall not apply).
- (2) In this section “*open-ended investment company*” means a company incorporated in the United Kingdom to which section 236 of the Financial Services and Markets Act 2000 applies.
- (3) Each of the parts of an umbrella company shall be regarded for the purposes of this section as an open-ended investment company and the umbrella company as a whole shall not be so regarded (and shall not, unless an enactment expressly provides otherwise, be regarded as a company for any other purpose of the Tax Acts).
- (4) In subsection (3) “*umbrella company*” means an open-ended investment company—
- (a) in respect of which the instrument of incorporation provides arrangements for separate pooling of the contributions of the shareholders and the profits or income out of which payments are to be made to them, and
- (b) the shareholders of which are entitled to exchange rights in one pool for rights in another,
and a reference to part of an umbrella company is a reference to a separate pool.
#### Insurance companies: allocation of expenses etc in computations under Case I of Schedule D.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Qualifying trade, profession or vocation
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### About this Schedule
#### About this Schedule
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Meaning of “research and development”.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### How averaging claim is given effect
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### About this Schedule
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The pool of qualifying E&A losses and the pool of non-qualifying losses
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Levies and repayments under the Financial Services and Markets Act 2000.
#### Costs of establishing share option or profit sharing schemes: relief.
#### Taxable premiums etc.
#### Section 87(2) and (3) and reductions in receipts under ITTOIA 2005
#### Restriction on relief: individuals.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### CHAPTER 1B — PROVISIONS AS TO CAPITAL SUMS PAID TO SETTLOR
### CHAPTER 1C — LIABILITY OF TRUSTEES
#### Section 785B: expectation that relevant capital payment will not be paid
#### Leased assets: special cases.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Insurance companies: allocation of expenses etc in computations under Case I of Schedule D.
#### Meaning of “settlement day” for purposes of sections 711 to 728.
#### How averaging claim is given effect
#### Special rule for computing chargeable profits.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Qualifying trade, profession or vocation
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The approved amount: passenger payments
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Supplement in respect of a pre-commencement accounting period
#### Amount of post-commencement supplement for a post-commencement period
#### The non-qualifying pool
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Introduction
#### Introduction
## Part IV — Disallowed debits and non-trading deficits
#### Reduction in chargeable profits: failure to qualify for exemptions
#### Adjustment of profits on averaging claim
#### About this Schedule
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Qualifying vehicles
#### Employment
#### The approved amount: mileage allowance payments
#### Charitable donations: contributions to agent’s expenses.
#### Charitable donations: contributions to agent’s expenses.
#### Section 87(2) and (3) and reductions in receipts under ITTOIA 2005
#### Meaning of “the aggregate amount”
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Treatment of price differential on sale and repurchase of securities.
#### Manufactured dividends and interest.
#### Section 751A: supplementary
#### Change in company ownership: postponed corporation tax.
#### Assets leased to traders and others.
#### Revocable settlements allowing reversion of property.
#### Arrangements to avoid section 812.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Interpretation of the Corporation Tax Acts etc.
#### Interpretation of the Corporation Tax Acts etc.
#### Unrealised interest in default
#### Interest on tax overpaid.
#### Transfers of rights to receive distributions in respect of shares
#### Offshore income gains: application of transfer of assets abroad provisions
#### Qualifying trade, profession or vocation
#### How averaging claim is given effect
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The approved amount: mileage allowance payments
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Tax year
#### Restriction on relief for non-active partners
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Deemed interest: cash collateral under stock lending arrangements
#### Special rule for computing chargeable profits.
#### Change in company ownership: corporation tax.
#### Dividends paid out of transferred profits.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Meaning of “UK property business” and “overseas property business”
#### Savings, transitional provisions, consequential amendments and repeals.
#### Interest on tax overpaid.
#### Section 751A: supplementary
#### Introduction
#### Adjustment of profits on averaging claim
#### Tax year
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Manufactured interest on UK securities: general
### Manufactured interest on gilt-edged securities etc.
#### Amount of post-commencement supplement for a post-commencement period
#### Valuation of work in progress at discontinuance of profession or vocation.
#### Definitions.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Section 751A: supplementary
#### Effect of appointment or arrangements under section 659B.
#### Section 796: trade income
#### Section 796: trade income
#### Effect of notice under section 804ZA
#### Utilisation of eligible unrelieved foreign tax.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Repayment supplements: companies.
#### Interpretation of the Corporation Tax Acts etc.
#### Meaning of “UK property business” and “overseas property business”
#### Income treated as arising under section 761(1): remittance basis
#### Change in company ownership: postponed corporation tax.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Sales etc. at an undervalue or overvalue.
#### Section 785B: expectation that relevant capital payment will not be paid
#### Company vehicles
#### Introduction
#### The approved amount: mileage allowance payments
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### About this Schedule
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Effect of appointment or arrangements under section 659B.
#### Repayment supplements: companies.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Change in ownership of company with unused non-trading loss on intangible fixed assets
#### Sales etc. at an undervalue or overvalue.
#### Restriction of relief for payments of interest.
#### Tax year
#### Company vehicles
#### Employment
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Meaning of “industrial assurance business”
##### 20A
In this Part of this Schedule “*industrial assurance business*” means any industrial assurance business within the meaning given by—
- (a) section 1(2) of the Industrial Assurance Act 1923, or
- (b) Article 3(1) of the Industrial Assurance (Northern Ireland) Order 1979,
which was carried on before 1 December 2001.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Payments to Export Credit Guarantee Department.
#### Valuation of work in progress at discontinuance of profession or vocation.
#### “A significant amount of time”
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The control and independence requirement
#### Business entertaining expenses.
#### Territorial sea and designated areas.
#### Interpretation of the Corporation Tax Acts.
#### Commencement.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Exemption from sections 739 and 740 (transactions before 5th December 2005)
#### Introduction
### Introductory
### Payments and other benefits to which section 148 applies
### Payments and other benefits excluded from charge under section 148
### Application of £30,000 threshold
### Exclusion or reduction of charge in case of foreign service
### Valuation of benefits
### Notional interest treated as paid if amount charged in respect of beneficial loan
### Giving effect to the charge to tax
### Reporting requirements
### Interpretation
#### Qualifying vehicles
#### The approved amount: passenger payments
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Qualifying companies
#### The non-qualifying pool
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Exemption from sections 739 and 740 (transactions before 5th December 2005)
#### Adjustment of profits on averaging claim
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### About this Schedule
#### Qualifying companies
#### Leased assets subject to hire-purchase agreements.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Liability of non-transferors.
#### Exemption from sections 739 and 740 (transactions before 5th December 2005)
#### Company vehicles
#### Introduction
#### The pool of qualifying E&A losses and the pool of non-qualifying losses
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Power to modify sections 727A, 730A, 730BB and 737A to 737C
#### Power to modify sections 727A, 730A, 730BB and 737A to 737C
#### Qualifying trade, profession or vocation
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Tax year
#### Accounting periods
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Foreign tax on items giving rise to a non-trading credit: intangible fixed assets
#### Interest on payments in respect of corporation tax and meaning of “the material date".
#### Trading stock.
#### VAT penalties etc.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### The appropriate percentage
### Car with CO2 emissions figure
### The lower threshold
### Bi-fuel cars
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Supplement in respect of a post-commencement period
#### The non-qualifying pool
#### Supplement in respect of a pre-commencement accounting period
#### Qualifying companies
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Interpretation of the Corporation Tax Acts.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Interest: special relationship.
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Amount of post-commencement supplement for a post-commencement period
#### Qualifying companies
#### The non-qualifying pool
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Qualifying companies
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Effect of notice under section 804ZA
#### Utilisation of eligible unrelieved foreign tax.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Supplement in respect of a post-commencement period
#### Amount of post-commencement supplement for a post-commencement period
#### Supplement in respect of a pre-commencement accounting period
#### Supplement in respect of a post-commencement period
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### “The individual’s contribution to the trade”
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Insurance companies: allocation of expenses etc in computations under Case I of Schedule D.
#### Interest: special relationship.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Supplement in respect of a pre-commencement accounting period
#### The pool of qualifying E&A losses and the pool of non-qualifying losses
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Change in company ownership: corporation tax.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Interpretation of this Act.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### About this Schedule
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Recovery of tax credits incorrectly paid.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### About this Schedule
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Allowable deductions.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Reduction in chargeable profits following an exempt period
#### Reduction in chargeable profits following an exempt period
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Power to inspect documents.
#### The Arbitration Convention.
#### Schemes and arrangements designed to increase relief
#### Withdrawal of right to tax credit of certain non-resident companies connected with unitary states.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The non-qualifying pool
#### About this Schedule
#### About this Schedule
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Application of Income Tax Acts from year to year.
#### Repayment supplements: companies.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Accounting periods
#### The non-qualifying pool
#### About this Schedule
#### Accounting periods
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
#### Amount of post-commencement supplement for a post-commencement period
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Conventional basis: general charge on receipts after discontinuance . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Withdrawal of right to tax credit of certain non-resident companies connected with unitary states.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Introduction
#### Adjustment of profits on averaging claim
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### About this Schedule
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Accounting periods
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The approved amount: passenger payments
#### Recovery of tax credits incorrectly paid.
#### Old references to standard rate tax.
#### Reduction of United Kingdom taxes by amount of credit due.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### “Annual value” of land.
#### Qualifying trade, profession or vocation
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
#### Supplement in respect of a pre-commencement accounting period
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Accounting periods
#### Restriction on relief: individuals.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Power to inspect documents.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Interpretation of the Corporation Tax Acts.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Introduction
#### Qualifying companies
#### Amount of post-commencement supplement for a post-commencement period
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Accounting periods
#### Supplement in respect of a post-commencement period
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Meaning of “research and development”.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The pool of qualifying E&A losses and the pool of non-qualifying losses
#### Allowable deductions.
#### Partners: meaning of “contribution to the trade”
#### Partners: meaning of “contribution to the trade”
#### Restriction on deduction of interest or dividends from trading income.
#### Miscellaneous charges (list for the purposes of certain provisions that formerly referred to Case VI of Schedule D)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Qualifying trade, profession or vocation
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
#### Amount of post-commencement supplement for a post-commencement period
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Supplement in respect of a post-commencement period
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Definitions.
#### Meaning of “relevant loss” in section 118ZN
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Definitions.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Repayment supplements: companies.
#### Meaning of “investment LLP” and “property investment LLP”
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Introduction
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Amount of post-commencement supplement for a post-commencement period
#### The non-qualifying pool
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 468A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 468A
- (1) In relation to an open-ended investment company the rate of corporation tax for the financial year 2005 and subsequent financial years shall be deemed to be the rate at which income tax at the savings rate is charged for the year of assessment which begins on 6th April in the financial year concerned (and section 13 shall not apply).
- (2) In this section “*open-ended investment company*” means a company incorporated in the United Kingdom to which section 236 of the Financial Services and Markets Act 2000 applies.
- (3) Each of the parts of an umbrella company shall be regarded for the purposes of this section as an open-ended investment company and the umbrella company as a whole shall not be so regarded (and shall not, unless an enactment expressly provides otherwise, be regarded as a company for any other purpose of the Tax Acts).
- (4) In subsection (3) “*umbrella company*” means an open-ended investment company—
- (a) in respect of which the instrument of incorporation provides arrangements for separate pooling of the contributions of the shareholders and the profits or income out of which payments are to be made to them, and
- (b) the shareholders of which are entitled to exchange rights in one pool for rights in another,
and a reference to part of an umbrella company is a reference to a separate pool.
#### Insurance companies: allocation of expenses etc in computations under Case I of Schedule D.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Qualifying trade, profession or vocation
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### About this Schedule
#### About this Schedule
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Meaning of “research and development”.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### How averaging claim is given effect
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### About this Schedule
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The pool of qualifying E&A losses and the pool of non-qualifying losses
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Qualifying trade, profession or vocation
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Supplement in respect of a pre-commencement accounting period
#### Amount of post-commencement supplement for a post-commencement period
#### The non-qualifying pool
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Introduction
#### Adjustment of profits on averaging claim
#### About this Schedule
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Meaning of “industrial assurance business”
##### 20A
In this Part of this Schedule “*industrial assurance business*” means any industrial assurance business within the meaning given by—
- (a) section 1(2) of the Industrial Assurance Act 1923, or
- (b) Article 3(1) of the Industrial Assurance (Northern Ireland) Order 1979,
which was carried on before 1 December 2001.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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2007-12-28
Income and Corporation Taxes Act 1988
2007-12-27
Income and Corporation Taxes Act 1988
2007-12-06
Income and Corporation Taxes Act 1988
2007-11-29
Income and Corporation Taxes Act 1988
2007-10-01
Income and Corporation Taxes Act 1988
2007-09-01
Income and Corporation Taxes Act 1988
2007-08-14
Income and Corporation Taxes Act 1988
2007-08-13
Income and Corporation Taxes Act 1988
2007-07-19
Income and Corporation Taxes Act 1988
2007-07-17
Income and Corporation Taxes Act 1988
2007-04-17
Income and Corporation Taxes Act 1988
2007-04-06
Income and Corporation Taxes Act 1988
2007-04-01
Income and Corporation Taxes Act 1988
2007-03-29
Income and Corporation Taxes Act 1988
2007-03-21
Income and Corporation Taxes Act 1988
2007-03-01
Income and Corporation Taxes Act 1988
2007-01-08
Income and Corporation Taxes Act 1988
2007-01-01
Income and Corporation Taxes Act 1988
2006-12-31
Income and Corporation Taxes Act 1988
2006-12-26
Income and Corporation Taxes Act 1988
2006-12-12
Income and Corporation Taxes Act 1988
2006-12-06
Income and Corporation Taxes Act 1988
2006-08-11
Income and Corporation Taxes Act 1988
2006-07-19
Income and Corporation Taxes Act 1988
2006-06-09
Income and Corporation Taxes Act 1988
2006-04-06
Income and Corporation Taxes Act 1988
2006-04-01
Income and Corporation Taxes Act 1988
2006-03-22
Income and Corporation Taxes Act 1988
2006-01-06
Income and Corporation Taxes Act 1988
2005-12-27
Income and Corporation Taxes Act 1988
2005-12-05
Income and Corporation Taxes Act 1988
2005-11-01
Income and Corporation Taxes Act 1988
2005-10-05
Income and Corporation Taxes Act 1988
2005-09-27
Income and Corporation Taxes Act 1988
2005-08-12
Income and Corporation Taxes Act 1988
2005-08-11
Income and Corporation Taxes Act 1988
2005-08-03
Income and Corporation Taxes Act 1988
2005-07-24
Income and Corporation Taxes Act 1988
2005-07-20
Income and Corporation Taxes Act 1988
2005-06-08
Income and Corporation Taxes Act 1988
2005-04-07
Income and Corporation Taxes Act 1988
2005-04-06
Income and Corporation Taxes Act 1988
original version
Text at this date